Categories
Investment

Investing during COVID-19 Pandemic

Due to the bad economy caused by the COVID-19 pandemic, the interest rates on different types of savings have gone down. On a fixed deposit for 1 year to 2 years the interest rate is just 5.6%. So, should you save money in a fixed deposit or invest in mutual funds?

Currently, NIFTY 50 is 20% less than its 52 weeks high. Let’s assume that it takes 1 year for it to get that 52 weeks high index. So, if you invest in an index fund today, after 1 year you will get around a 23% return. 

Let’s assume that it takes 2 years for it to get that 52 weeks high index. In that case,​ you are still getting more than a 10% annual return on your investments.

I use Groww to invest in mutual funds, stocks, and (digital) gold. You can also join Groww and start investing in index mutual funds.

Mutual fund investments are subject to market risk. But I am optimistic enough that it will give a better return than FDs in the next 2 years.

Categories
From My Kitchen

My favorite ​overnight oats recipe

After trying some oats recipes with quick oats and steel-cut oats, I came across overnight oats. I already had rolled oats with me which is the main ingredient of the recipe though I had not used those rolled oats before this. So, it was a good opportunity to use these oats in the overnight oats recipe. After a good search, I came across this Overnight Oats recipe.

When I read the recipe, I tried to ensure that I have all the ingredients available. Or at least all the ingredients are available locally. The recipe has 8 variants. I figured it out that I can easily make at least two variants: Classic Vanilla Overnight Oats and Chocolate Peanut Butter Overnight Oats. I tried Classic Vanilla Overnight Oats first and after successful and amazing experience I also tried Chocolate Peanut Butter Overnight Oats. It was even better than the previous one. I am interested to try all other variants as well but did not put any efforts towards it. Two of the variants need softened cream cheese. Cream cheese is not easily available in my city Bhubaneswar. Once I found it at a store but it was very costly. So, I am not trying those variants. One variant needs plain pumpkin puree. I guess pumpkin puree is not easily available in India. So, I will skip this too. For the other three variants, I need to buy some ingredients and I am a little lazy for that.

The best thing about the overnight oats is that you can make it in the evening or night and you don’t need to do anything in the morning apart from eating it. So, if you always have a busy morning, having overnight oats won’t let you skip your breakfast. I don’t need to tell you how healthy it is. It’s filled with dietary fibres, complex carbohydrates, good fats and protein. If you make the variants which use good fresh fruits, then you get more vitamins and more dietary fibres. It is important to have a good breakfast in the morning. And a serving of overnight oats is a complete breakfast. The quantity of Classic Vanilla Overnight Oats is around 300 ml. The quantity of Chocolate Peanut Butter Overnight Oats is around 350 ml. This is enough for most to keep you full for 3-4 hours, enough time between breakfast and lunch. You can also add a couple of eggs as you prefer to your breakfast to add more protein and keep you full even longer. Chocolate Peanut Butter Overnight Oats even has more fibre and protein as compared Classic Vanilla Overnight Oats and it even keeps you full longer as it is more in quantity. My favourite among these two is Chocolate Peanut Butter Overnight Oats.

Another good thing is that you can make multiple batches of overnight oats at once and eat it for a week. Saves a lot of time and helps you in your meal prep.

You don’t need to strictly follow the recipes. You can be a little creative and add things which you like and can go well. For example, I sometimes add fruits like bananas, apple, grapes etc., dry fruits like raisins, cashew nuts, almonds, walnuts etc. to the oats and enjoy it.

I think it will be easy you if I will link to all the products and ingredients I use so that you can easily buy most the ingredients sitting at home and enjoy your overnight oats.

You can store your overnight oats in any glass jar or any good reusable plastic container. But I love these borosilicate glass jars. It’s large enough to mix all the ingredients in this jar itself and store.

Rolled oats:
True Elements Rolled Oats 1kg pouch – https://amzn.to/2oHEGFO
True Elements Rolled Oats 1.2kg jar – https://amzn.to/2pkVNgQ

Chia seeds or Flaxseeds:
True Elements Raw Chia Seeds, 500g – https://amzn.to/2OVvrgd
24 Mantra Organic Flax Seeds, 200g (Pack of 4) – https://www.amazon.in/dp/B07B18Z58D/
You can use either one of these or both as per your choice.

Vanilla extract:
Ossoro French Vanilla Flavour, 30 ml – https://amzn.to/31hVHUq
If you are using this product, then use 1/4 tsp instead of 1/2 tsp as it is highly concentrated. You may increase or decrease the quantity as per your preference.

Honey and Maple Syrup:
Dabur Honey Squeezy Pack 400g (easy to pour) – https://amzn.to/2VNb7if
Apis Himalaya Honey, 500g – https://amzn.to/2Bbp7ZK
MacDonald’s Maple Syrup, 370 ml – https://amzn.to/32hApHD
Maple Joe Canadian Grade A Maple Syrup, 250g – https://www.amazon.in/dp/B00B5SLEN8/

Peanut Butter:
Buy unsweetened peanut butter.
Pintola All Natural Creamy Peanut Butter, 1Kg  – https://amzn.to/2OOxm63
Alpino Natural Peanut Butter Smooth 1Kg (Unsweetened) – https://amzn.to/2OPkix7
The Butternut Co. Peanut Butter Unsweetened Creamy Jar, 1 kg – https://amzn.to/2qhXiNh
DiSano All Natural Peanut Butter, Creamy, Unsweetened 1 kg – https://amzn.to/2qi5kpv
You can also use organic or crunchy (organic) versions as well.

Unsweetened cocoa powder:
Hershey’s Cocoa Powder, 225g – https://amzn.to/2MjAncV

Measuring Cups and Spoons
Bulfyss Popular Combo – 8Pcs Black Measuring Cups and Spoons Set, Silicone Series Spatula and Brush Set – https://amzn.to/2J4MpEY

Categories
Online Shopping

Should you get iPhone 7 from Airtel?

I have not written anything on this blog since over a year. So, I have decided to write something today. One thing that had caught my notice recently is iPhone 7 offer from Airtel. Is it worth it to buy iPhone from Airtel? Find it out.

So, Airtel offers iPhone 7 32 GB for a downpayment of Rs. 7,777 and you need to be on a postpaid plan of Rs. 2,499 per month for 24 months. On Airtel website, the cost of the iPhone is Rs. 47,777. As Rs. 7,777 is the downpayment, the loan amount is Rs. 40,000 and you need to pay for it in 24 EMIs. If you get a loan of Rs. 40,000 at 14% interest rate for 24 months EMI then the EMI will be Rs. 1,921. So, here you are paying Rs. 578 for the postpaid plan and Handset Damage Protection which costs Rs. 49. So, you are paying effectively Rs. 529 for the postpaid plan. Normally, that post plan costs Rs. 649. So, that’s a saving of Rs. 120.

But here is the catch. iPhone 7 32 GB are much cheaper than Airtel price. You can get those as low as Rs. 38,999.00 at Amazon.in. You can also buy it on an EMI if you have a credit card or a Bajaj Loan Card. And get a prepaid or postpaid plan as you wish or stay with your current plan. Save money.

Categories
Temple City Bhubaneswar

Why uberAUTO is no evil

Yesterday I was present at the uberAUTO launch in Bhubaneswar. At the event, Shri Anant Narayan Jena, Mayor of Bhubaneswar, told that Uber should work towards making auto rickshaw unions happy. As the tariff of uberAUTO in Bhubaneswar is almost one-third of the tariff decided by the Govt. Otherwise, they may go on a strike. When it comes to the public transportation in Bhubaneswar, auto rickshaws are a staple. So, if auto rickshaw unions go on a strike, it will be a problem.

I don’t agree with the mayor that uberAUTO’s tariff is almost one-third of the Govt. tariff. If you are riding with uberAUTO, then you need to pay Rs. 15 as base fare and pay Rs. 1 per minute during your ride. Only the Rs. 3/KM sounds cheaper. So, uberAUTO’s tariff model is more complicated than normal auto rickshaw tariff prescribed by the Govt. So, it might not be one-third of the Govt. rate. I am trying to find the tariff prescribed by Govt. Once I find that I will update this section. I guess you understand why it’s hard for me to know Govt. prescribed rate. I will talk about it next.

It’s good to know that the mayor has some concerns about auto rickshaw unions and looking for a healthy competition. But when was the last time you saw an auto rickshaw with a working meter? When was the last time an auto rickshaw charged you as per the Govt. tariff? Has the mayor taken any step to make sure that all auto rickshaws use meter and charge customers as per the Govt. tariff? So, the mayor is not concerned about citizens of the city, but the auto rickshaw unions.

Normally, auto rickshaws in Bhubaneswar charge double the amount of the actual fare as per the Govt. tariff. So, it was very hard to negotiate and hire an auto for anything. So, when Ola launched its service in Bhubaneswar, it was a relief. Even Ola costs cheaper than a traditional auto rickshaw. And it comes with many advantages. Four people can travel comfortably in an air conditioned car. And the best part is you don’t need to go to auto stand and negotiate, pay less than the average auto fare. But auto rickshaw unions never liked this idea. They attacked Ola drivers. Then Uber launched. And then there came Jugnoo. Jugnoo is like Ola/Uber for auto rickshaws only. Jugnoo is cheaper than Ola or Uber.

Now Uber launched its service for auto rickshaws in Bhubaneswar. If the auto rickshaws would have used the meter and charged customers as per the Govt. tariff, the suggestion by the mayor would have made any sense. Almost a year ago, when Uber launched uberAUTO in Delhi, the customer needed to pay the fare as per the Govt. rate in cash directly to the driver. That model could have been applied here in Bhubaneswar without much complaint.

On the other hand, shared auto service works well in Bhubaneswar and no service available now can harm it.

If you have not signed up for Uber yet, then sign up with code debiprasads20ue and get the first ride free up to Rs. 100. Sign up here or download the app.

Yesterday, Ola also launched its auto rickshaw service. It looked like they launched it in a hurry, as Uber launched its uberAUTO. If you are already using Ola, then you can get your first auto ride free*. If not, then sign up with code 7EE6YM and get a Rs. 50 coupon. Download the app here.

Sometimes, you may like to use Jugnoo for some reason or the other instead of using Uber or Ola. If you have not installed Jugnoo, then sign up with code DEBIPRASAD585515 and get 100%* cashback on your ride. Sign up here or download the app.

Categories
Random Stuff

Thought Processes of an Engineer

  • I am an engineer.
  • I code for a living.
  • The word “pride” is associated with LGBT Pride.
  • Facebook had created an application to celebrate and show your support for the LGBT community, by adding a rainbow filter to your profile picture.
  • It’s recommended to reuse the code.
  • I will reuse the code of a good application which was developed recently to build a similar application, provided the license of the code allows that.
  • Engineers improve by experience.
  • It’s difficult to name properly to all variables, classes, methods, IDs etc. in a code.
  • If I am developing an application for cats, I don’t think I will use the name ‘tiger’ in a class or id.
  • Engineers can be wrong.