Mind Maps to read Books

One of the most popular learning techniques for reading books and understanding the content is the MindMaps Technique. Developed and Popularized by Tony and Barrry Buzan, it urges the reader to use right and left brains for note-taking / note-making. In umpteen situations, we take notes / make notes and in all such instances, the mindmap offers a technique to understand, retain, recall and communicate effectively. For example , if one was about to read a book, the Mind Map technique urges the reader to go through the following steps

Transaction Scale Profit

Transaction Scale Profit talks about the importance of big transactions which result because of big relationships. **Value Chain Position Profit :**If one observes the user experience from the product / service and traces back the value added by each player in the making of the product , it is clear that there is generally a lumpy distribution of profit at one place, an enormous concentration of profit and power at a few points.

Skype Hats off

Today I used Skype after almost an year. I was just amazed at the price rates and various discounts being offered to select destinations. 0.017 Euros per minute to New york equates to 91 paisa per minute, which is much cheaper than calling any location in India. The voice quality is also pretty good , all in all fully justifying the valuation that eBay put on Skype

India : Rising Interest rate scenario

Why do banks jack up prices when reverse repo is increased by RBI ? Reverse repo: When the RBI borrows money against its securities, the interest rate at which it does so is known as reverse repo. In other words, this is the rate the RBI pays banks when they lend money. This rate has gone up from 4.75% to 5.25%(Recent Credit Policy announcement) Repo: When the RBI lends money to banks against their securities, it is known as the repo rate.