QE3 ...The idea behind FED

know a person

SUNDAY, 30 SEPTEMBER 2012

Apology Letter

ABC SILKS PVT.LTD

45, West Street,

Velan Nagar,

Salem-636006.

30^th September 2012,

Ms Arthi,

68/15, Sagar Road,

Mumbai-400001.

Sub: Apology for delivering damaged goods.

Dear Ms Arthi,

    On behalf of ABC SILKS PVT.LTD, kindly accept our apology for delivering damaged goods. Sorry for the inconvenience caused. Since the mistake lies with us, we take the entire responsibility for the same and will replace the order within a week’s time without any cost implication for you.

    I ensure that this sort of mistakes will not occur in future. You are our valuable customer and hope this does not affect our future business transactions. 

Thanking you

Sincerely,
R.Aishvarya,

Customer relation manager,

ABC Silks Pvt Ltd,

Salem-636006.

                              

Request For Loan

                                                                                                                                       R.Aishvarya,
45,West Street,
Velan Nagar,
Salem-636006.

30^th  September, 2012.

Mr. M. Krishnan,

Branch Manager,

Central Bank of India,

Salem-636006.

Sub: Applying loan for purchasing land.

Respected Sir,

  I have been banking with you since four years and maintained higher balance on quarterly basis in my savings account. I wish to apply for a loan of Rs.25 lakhs for purchasing a land near steel plant which has approved by the corporation.
  I herewith attached my bank statement, income and expenditure statement and other necessary documents for the kind action. In case of any clarification contact me. 

Thanking you,

Yours truly,

R.Aishvarya,

Savings A/c No. : A1234BC567

                                                                                                                                              

MONDAY, 24 SEPTEMBER 2012

A day in the life of.....

    When I walk through the street near my college, I saw a woman selling flowers. I felt very happy to get a chance to talk with her. She was around 45 years with 25 years of experience in this business. She is doing this since she was 20.

    

    As like every woman her day starts with usual works like preparing food, taking care of her two daughters and her spouse. After her usual work at home, she works till the late evening. Every day she starts her business by investing some amount of money in purchasing flowers from the wholesale market. And by selling them makes a certain profit out that. 

  

   There are nearly 3 to 4 flower shops around that place.  She believes that customer satisfaction is more important to run a business successfully. This attitude makes her unique. She works seven days a week for the welfare of her family without any break. From the savings, she has educated her daughters well and they are currently working.

    And the interesting thing is that she owns 2 shops around that place which is been taken care by her husband. Wherein he was initially into building contracting, where he lost his hard earned money. Later he also decided to do business along with her. Even during difficult times she was very confident and self motivated in being supportive to her husband. According to her selling flowers gives her immense pleasure and support to her family.

    

     The way she leads her life inspired me. Everyone has to learn such things to make our life happy.....

Posted by Aishvarya at 12:04 1 comment:

QE3 Do u all know what it means???This was the most buzzing word over last 2 weeks in U.S…what is the U.S govt going  to do for the unemployment? how they are going to stimulate the economy??How can they avoid the stagnation.The answer for all these questions lies with QE3.

When there is lots of money in the bank(liquidity ratio) people tend to borrow money and try investing in some means and eventually employment will increase .But when money is less in the bank ,there seems to be less development in the country, in this scenario the central bank as a part of monetary policy will launch QE(quantitative easing ) and buy assets and equivalent money will be printed  so that the liquidity ratio increases.

Ultimately what U.S has done is that it has launched QE3 last Thursday (sep 13^th) hoping for a good economic condition in the country.But launching this brought the dollar price down to 54.26 yesterday.Euro value has also lost ground as concern about a Spanish bailout.Also analyst believe German economy will slow down in the coming months.

Lets see what happens next week…..until then keep visiting my blog for updation