Kalpana Chawla first Indian women in space: who love to fly!

Kalpana Chawla was an Indian American astronaut and the first woman of Indian origin in space. She first flew on Space Shuttle Columbia in 1997 as a mission specialist and primary robotic arm operator. In 2003, Chawla was one of the seven crew members killed in the Space Shuttle Columbia disaster.

Early Life of Kaplana Chawla

Kalpana Chawla was born on March 17, 1962. Her official date of birth was altered to 1 July 1961 to allow her to join school underage. While other children of her age dressed their Barbie dolls, Kalpana liked to draw pictures of airplanes. She was not always the top student in her class but had a very inquisitive mind. After getting a Bachelor of Science degree in Aeronautical Engineering from Punjab Engineering College, Chandigarh she moved to the United States in 1982 where she obtained the Master of Science degree in Aerospace Engineering from the University of Texas at Arlington in 1984.

In 1997, she became the first Indian-born woman and the second Indian person to fly in space.

Her first flight was on Space Shuttle Columbia in 1997 as a mission specialist and primary robotic arm operator. The mission began on November 19, 1997, and Kalpana was a part of a six-astronaut crew.On her first mission, Chawla traveled over 10.4 million miles in 252 orbits of the earth, logging more than 372 hours in space.During STS-87, she was responsible for deploying the Spartan satellite which malfunctioned, necessitating a spacewalk by Winston Scottand Takao Do Her to capture the satellite. A five-month NASA investigation fully exonerated Chawla by identifying errors in software interfaces and the defined procedures of flight crew and ground control Last ride to spa

Her last ride to space

In 2000, Kalpana was selected for her second flight as a part of the crew of STS-107. The mission got repeatedly delayed and was finally launched in 2003. 

Chawla died in the Space Shuttle Columbia disaster which occurred on February 1, 2003

When the Columbia disintegrated over Texas during re-entry into, the Earth's atmosphere with the death of all of seven crew members, shortly before it was scheduled to conclude its 28th mission, STS-107. Just 16 minutes before landing, the space shuttle burnt and disintegrated, killing all on board. This accident was believed to be caused by a damaged aluminium heat-insulating tile on the left wing of the shuttle. This caused the whole body of the shuttle to heat up, eventually burning it.

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SMART CITIES : CENTRAL GOVT MAY SOON PAY HOUSE RENT OF URBAN POOR.

The Prime Minister Narendra Modi -led Indian Government is planning to help the urban poor pay the house rent. It is going to roll out a scheme in which the Centre will give rent vouchers to the urban poor.

According to Census 2011, about 27.5% of urban residents lived in rented houses in 2011. 

Important points of the new rental housing policy are: 

• The Rs 2,700-crore welfare scheme will be implemented in 100 smart cities to give rent vouchers to the urban poor

• The policy has been made with the aim of targeting the urban poor and in helping the migrant population 

• Under the scheme, urban local bodies would distribute rent vouchers to the identified families 

• The tenant would give these vouchers to the landowner, who in turn would be able to redeem them at any citizen service bureau 

The implementation of the scheme is expected to cost the exchequer Rs 2,713 crore every year

What if the rent is higher than the amount mentioned in the voucher?

In this case, the tenant will have to pay the difference between actual rent and the amount mentioned in the voucher, in cash to the landlord.

Who will determine the value of the rent voucher?

The urban local body will be entrusted with the task of determining the value of the rent voucher on the basis of class or size of the house and the prevalent rent in the city. 

A senior official of housing and urban poverty alleviation ministry told ET, “The rental voucher scheme is being looked at as a means to complement the Prime Minister Housing for All scheme.”

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Idleness is only a refuge of weak minds and holiday for fools – Investing is the best option

The word idleness used in two different senses -

It some­times means the state of a man who is not employed in any work. Idleness in this sense is not blameable, as every man requires occasional periods of rest and recreation, and it is the height of folly to attempt to be always at work. When, however, we speak of the evils of idleness, we mean by idleness the neglect of work at a time when we ought to be working. There can be no doubt that the tendency to idleness in this sense is most prejudicial to virtue, happiness, and success in life. 

The boy, who allows himself at school or college to contract idle habits, is laying a sure foundation for failure and unhappiness in his future life. 

In the first place

His idleness prevents him from educating himself thoroughly for his future career.

In the second place

The idle habits he has formed by wasting his time in the past will make it extremely difficult for him to work steadily in his profession or calling. 

Thus, both at school and in after-life the idle man finds himself distanced in the race by others of inferior abilities, who have the advantage of endowing with indus­trious habits. The idle man’s predominant feeling is aversion to work, but by the course he pursues he often defeats his own object. 

Few people are able to live in this world without having the necessity of labour imposed upon them, and those who through idleness neglect to work at the proper time often have to work all the harder in the end. In addition, an idle human being crushes all his money by keeping them just like itself. If the person carrying wealth will keep it idle, what will happen? Actually, the man himself is dumb so they have no clue what to do, instead keep them sitting idle.

Once there lived a very rich and miserly man in a village with immense wealth. He buried gold coins in the ground and use to count them every day. Two poor neighbours came for help but the man behaved so shrewdly that they had no other option but to leave heart-broken. In no time, the greedy person got a perfect lesson when a thief who have been noticing him counting coins everyday looted all the coins and replaced them with stones instead. What followed was a misery for the poor-hearted man. Therefore, the moral here is do not keep your money idle, start investing because it will be eroded by inflation. Start investing systematically to beat inflation and build wealth.

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Simple examples of investments with refer to some Big shots’ life mantra

Tennis is the toughest sport and completely depends on hard work. There is no way around the hard work so aspirers have to embrace it. The mantra is we have to put in the hours because there is always something we can improve. We have to put in a lot of sacrifice and effort for sometimes little reward but we have to know that, if we put in the right effort, the reward will come. Same thing works for an individual, who, does not necessarily have to work hard but need to discuss about what kind of investment they have keen. Looking for something befitting and rewarding, one must strive to achieve it.

“Laziness is not merely a physical phenomenon; it is about being a couch potato, stuffing your mouth with fries and watching television all day. It is a mental thing, too, and that is where I have never aspired. In the world of creativity, laziness translates into an inability to be rigorous enough to create fearlessly. It makes us plagiarise or water our creativity down to make it more acceptable to the public “a renowned Indian film star quoted. He is now the richest Indian superstar and joined the ranks of others in world’s top 20.

Therefore, the reason to quote this is to rectify people with laziness who thinks of investments only in top companies without having practically any knowledge. People are too lazy to learn and gain financial literacy rather they depend upon top-notch agents from big companies.

Compared to other talented players in his generation, his early life was a struggle through state and junior cricket teams when he finally accepted in the national team. Later as a Captain of the Indian National Team, he would profoundly be honoured for his successes and alternatively vilified for his failures. The secret of his ability to keep moving on through the ranks to ultimate success without falling prey to over confidence and criticism lay in his ability to step back and analyse what went right and what went wrong each time.

The only difference between this quote and me saying is Moneymindz will struggle to get you the perfect investment. Never fell prey to overconfidence and depend on some multinational or renowned company for investment. Play safe and swiftly.

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Life Change? Update Your Life Insurance Policy

                           

Many types of insurance are present in the market and very difficult to choose with one insurance scheme in India. The cheapest form of life insurance offering the death benefits to the beneficiaries of the policy holder is known as the term life insurance.

Need For Term Life Insurance:

People must have browsed through various kinds of life insurance. Term life insurance is way above the rest. In India slowly people are showing signs to take up this Term life insurance. People in India live on a limited budget, for a particular time period.

Types Of Term Life Insurance:

There are various kinds of term life insurance available in the market. Some of the interesting concepts of the term life insurance are as follows:

Guaranteed Level Term Life Insurance:

In simple English, a guaranteed level term life insurance is insurance product/services offering the insurance protection for a particular time. Available in 10,15,20,25 year term periods.

Annual Renewable Term Life Insurance:

A unique kind of term life insurance, where in the plan/policy can be renewed on a yearly basis. As the insured person gets aged, premium will rise over the period of time.

Return Of Premium Term Life Insurance:

A unique term life insurance having a condition, playing a vital role in refunding the life insurance premiums, when the term period ends is known as return of premium term life insurance.

Decreasing Term Life Insurance:

A spectacular life insurance, offering death benefits, getting reduced at a pre-determined rate is known as the decreasing term life insurance.

Modified Term Life Insurance:

A unique policy using various alternative payment structures to normal life insurance, offering the same level of protection is the modified term life insurance.

Advantages of The Term Life Insurance:

Major advantages of the term life insurance are given below as follows;

• Premium of the policy will be definitely lower than normal type of insurance. 

• Very easy to analyse and understand. 

• Required to meet the specific financial obligation, like repayment of loan. 

• Many term policies can be converted to cash value insurance, if the insurance plans and the policies change. 

• It is said to be very flexible, and can also select years ranging from 3 years to 10 year options.

• This kind of insurance is very less expensive, compared to normal insurance. 

• Superb plan for young and single families in India. 

• Helps in offering peace of mind, without putting any pressure on your wallet

Disadvantages of The Term Life Insurance

Some of the disadvantages of the term life insurance are given below as follows:

• Term life insurance is offering coverage for limited period of time. 

• Renewals of term policies are rare. 

• Premium rates are guaranteed until the end of the term like 5,10,15,20 years.

• If you are experiencing health issues, term life insurance is not your cup of tea. 

Hence I would recommend people in India to have a good term life insurance.


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How to Invest safely on Stock Market?

                    

Stock markets are a complex system comprising of indices, primary and secondary markets, IPO, etc. which is a long trench consisting of vast information, a single person might find difficult to understand. Investing in the stock market is a way to make more than just a little extra cash. In fact, with the right approach and the right skills, investing even a little in the stock market can put you on the road to earning millions. Becoming a stock market millionaire is not an easy task and it will not happen overnight. If you want to become a stock market millionaire then here are the most proven tips to reaching your goals and the earnings you have always wanted.

1) Focus on Hot Stocks Hitting New Highs - 

Do your research, look into their patterns and place your focus on stocks that are already growing. As you get started with your stock market dreams, make sure to focus on hot stocks wing as you plan to stick with them until they reach new heights. Do not look to stocks hitting new lows.

2) You Can Buy and Short Sell -

There are some people who think they need a bull market to get rich. This is not the case. Do not ignore short selling. You do not have to hold on to a stock for a long time to earn a profit. Just look at the success some day traders have; they are the epitome of earning off short selling.

3) Chop Your Losses Quickly - 

If you want to be successful in the market, take your ego completely out of the situation. If you face a setback, cut your losses and move on fast. Do not dwell on your failure, but instead look to the future. You are going to fail, so be prepared and just be ready to move on.

4) Do not Be Afraid to take profits either half or completely - 

The thing about your earnings is that - they are not really profits until you take them. Do not be afraid to take partial profits or take profits too quickly. The market changes fast; it is OK to get out when you feel it is right and take the profits that you can.

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