Chapter 35

Chapter 35

''WHAT IS LIFE"

A rich man bursts

“Life is money”

A poor man shivering with cold says

“Life is a struggle”

A lively bird on a tree says

“Life is a blooming orchard”

A soldier standing on the battle field says

“Life is a war”

An eagle flying freely in sky says

“Life is a freedom”

A helpless bird in a cage says

“Life is bondage”

A lover fallen in deep love proudly says

“Life is love”

A priest in his speech says

“Life is a path to reach God”

A lover waiting for her beloved says

“life is a long wait”

Brooding I have to say

“Life is still an unanswered mystery”

Kumar, the Bank employee, used to get zero pay on each salary day. The reasons are:

SALARY DAY, ALL DEDUCTIONS, ZERO PAY

It sounds well, Looks to be over deductions. Looks to be there is no proper financial planning. But very regular, punctual to office every day. No ‘Loss of pay’ leaves. Very sincere to official works. How it can happy. “No Salary Received’. No family burdens. No major loans.

There are SBI Life Insurance policies. LIC Insurance, Housing Loan recovery, credit card recovery, consumer loan recovery, car loan recovery, automobile loan recovery, furniture loan recovery, salary attachment recovery, friends surety loan recovery and what not recoveries.

Every month it has been the same story. But, one has to pay rent, milk, provisions, servant maid, gas, current bills, and water bills and maintenance charges, telephone bills, miscellaneous charges, petrol charges etc., and what not charges.

But, he will go to office regularly. Where is the set-back? How the person who is getting zero salary with all the deductions will survive? How he will maintain family? How he will have peace of mind? Is this man thought of for a good financial planning? He has no lands and buildings. There is no income from any source. He doesn’t get any back-door money. He doesn’t get any money through corruption. How he will manage? What are the reasons for his getting zero pay? How he will get good net income? His gross income is very high.

This man has to make a perfect financial planning. He doesn’t apply mind for planning. He has to improve upon his financial needs and financial planning. He should concentrate on his net pay for his personal and domestic needs.

The reason for his getting zero net pay is due to his giving sureties for high valued amount to the principal borrower in his earlier years. The borrower has defaulted in re-paying the heavy loans taken for setting up either small scale industry or medium scale industry. Due to salary attachments, the sureties given person are the sufferers. The installments with interest has been getting deducted from the sureties monthly salaries and it would take several years to clear the salary attachment deductions for clearing of the borrowers loan outstanding dues.

Hence, it is, in all likely-hood not to stand for any type of any surety weather it is a small or big amount, as the days are not ours all times. So, one should be careful while standing for surety and advised not to entangle in legal issues due to ‘money default payments’ by the borrower, to whom one plans to stand for surety. The habit of giving financial or property sureties to anybody or to know persons, will sure land in problems one day or the other in later years, by which time, the principal borrower will either vanish or makes ‘hands-up’.

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Kumar says to his friends in a chit chat, as follows:

Hindu Gods as and in IT world.

Brahma: “System installer”

Vishnu: “System operator”

Shiva: “System programmer”

Narad: “Data Transmitter”

Yama: “Deleter”

Apsara & Rambha: “Virus”

Ganapati: “Anti-virus”

Hanuman: “E-Mail”

Chitragupta: “Hard Disc”

Saraswati: “Internet explorer”

Parvati: “Mother Board”

Lakshmi: “ATM”

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Kumar was explaining to his friends about the Horse Races, and how the Horse Races are conducted. Kumar was so perfect in playing and betting in horse races. He was most discussing about these horses selection while taking hot drinks in Bars and Restaurants. This was Kumar’s habit. Each Saturday and Sunday, his duty only to discuss about horses and horse race card. Kumar explained as follows to his friends, as to play the races and how the horse races are conducted and how the betting will take place.

Conducting Horse Racing in many of the Indian States and in other Western and European Countries is common that too Horse Racing is conducted in two or three phases officially with the permission of the State and Central Government. Generally race schedules are drawn preferably in a year. One racing schedule with 20 to 30 races in one racing season on the selected days preferably on each Saturday or Sunday will be the racing fixtures are drawn and even sometimes races are conducted throughout the week with one day as ‘no race day’. One program will be in summer season, another program will be in the winter season. For example at Hyderabad, ‘Hyderabad Race Club’ organize racing program as per All India Turf Club’s race schedules. At Bengaluru ‘Bengaluru Turf Club’ organizes racing program. At Mysore ‘Mysore Race Club’ organizes racing program. At Mumbai, ‘Royal Western India Turf Club’ organizes racing program. At Kolkata ‘Kolkata Turf Club’ organizes racing program. At Chennai ‘Madras Race Club’ organizes racing program. At Delhi, ‘Delhi Race Club’ organizes racing program.

All the Indian Turf Clubs make All India Race schedules and racing fixtures and conduct regular races and intervenue betting races almost on all the days including weekends, except on Tuesdays. Generally on all Tuesdays, there will not be any racing fixtures. Sometimes, due to strikes, State bandhs, agitations, or due to heavy rains, if regular or intervenue races are cancelled on the race schedules, such races would be held on Tuesdays, as per Race Club Stewards Board decision.

Cash betting’s held on the race days in the Betting Ring within the premises of the Race Club. Generally, there will be 8 to 10 or even more races are held on any race schedule day. There will be Horse Licensed Trainers, Trained experienced and licensed jockeys and owners are present on the race days. There will be Jackpot, Treble Event, Forecast, Quinella, Win, Place for 1st, 2nd and 3rd place betting’s of particular horses. Race Punters who would like to play betting on race or races, have to purchase these Jackpot tickets and other events. Some Race Clubs charge a minimum of INR 10/- per ticket and maximum looks to be no limit. Once in five years, one Turf Club will conduct Invitational Races, Stayer’s Cup, Sprinter’s Cup and Invitation Cup, apart from other Cup Events. The prize money will be very high and runs in crores of rupees for these events and owner of the horse will get the cash prizes apart from Gold Cups. Generally, there will be 1st, 2nd, 3rd, 4th and 5th prizes as per the winning horses. Race Club’s charge entry fee for Punters, race goers to enter into Race Club.

Generally, in-form horses, best Track Horses, good, high and well breed horses, imported foreign breed horses; well trained and experienced horses would win or become 2nd, 3rd, 4th. Sometimes, horses will base on experienced well-handled Jockey-man ship. Foreign Licensed Jockeys also participate and ride horses.

Race Punters enjoy racing. Punters bet on horses. Punters try to make quick bucks. Some Punters lose money in horse racing. Generally not all punters and race goers win. Most Punters lose money in race betting’s. Good number of punters/gamblers consumes liquor when they win. Even punters take liquor also if they lose. Most of the punters make racing as their regular profession as because throughout the week, races are conducted regularly. Sometimes, punters win the money substantially and some occasions, punters lose amounts. Of course, there is no guarantee of winning amounts in the racing field. Sometimes, races are made-up. It is the punter assumption and forecast pertaining to a horse winning chance. It is an assumption and nothing is guaranteed in racing field.

But, racing field is a subject sport, as it called. Cash betting’s done at the Race Club premises, by paying local taxes as applicable. There is good revenue to local Governments, by way of various taxes including Income Tax on the winning amounts, as per applicability. Even all the local newspapers give tips on the winning horses and give regular horses track work for the race goers and punters knowledge.

Race Punters are habituated and addicted alcohol, hot drinks, Beer, Vodka and local made drinks etc. Even punters habituated to smoking cigarettes regularly. For some punters studying Race Books is a full time job. Generally, Punters mind will be “gambling mind”.

If, for any cause and reason, any race day is cancelled, some punters enjoy drinking in bars and restaurants. Even some friend-punters play playing cards on such race cancellation days.

Punters are experts in raising money. They try utilizing all sources of money. Day-in and day-out, they think and plan and see the entire route source to raise money to play races.

Even Government job holders, private job holders, business people play horse racing. Many punters are in debts. If the money is not with punters on any particular main race event, punters pledge the gold ornaments, silver ornaments and some punters even pledge their costly watches with the pawn-brokers. Punters take money for interest even at 10 to 20 per cent per hundred rupees. Many punters face money lenders problems. Many punters families got financial setbacks due to financial hardships. If a punter is addicted to horse racing, gambling and to alcohol, it is difficult to come out from their vicious circle. Some Governments permit horse racing in their respective States. The income derived by the Governments through horse racing is very huge.

For regular addicted race punter, he misses many other events in his social life. Even punters don’t attend to many marriage functions, events and other programs, social functions due to deep involvement with the racing programs.