CHAPTER – 5
CHAPTER – 5
KUMAR GETS ZERO PAY, WHY?
Kumar, the Bank employee, used to get zero pay on each salary day.
The reasons:
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’.
KUMAR AT CABARET BAR
Enters Cabaret Dance Bar.
Night at 8.00 pm
Kumar and Sanjay
Beautiful Music.
Everybody dancing.
Cabaret Dance going on
Song+Music
CAN YOU DANCE WITH ME©
(Male Chorus)
O Tara Tara
Hai Hai Tara
(Female Singer)
Yeah, Guys,
What’s That, What’s that
Look, Look, Am Here
Don’t Drink, Don’t Drink
You Noughties
Come on, Come on
Step with me
(Male Chorus)
O Tara Tara
Hai Hai Tara
(Female Singer)
Time is Costly
You’re Here, You’re here
O Boys, O Boys
My Dance is For You
My Steps Make you Dance
Never Feel Shy
This Day is For You
Come on, Come on
Step with me
(Male Chorus)
O Tara Tara
Hai Hai Tara
(Female Singer)
This Band is Yours’
My Song is Yours’
My Dance is Yours’
O My Darling Boys
Come on, Come on
Step with me
(Male Chorus)
O Tara Tara
Hai Hai Tara
(Female Singer)
Yeah, Boys, Drink and Drink
It’s Golden Time
Don’t Waste Beyond
Don’t Be High
You’ll Be Asleep
You Dine and Dance
For My Sake
Come on, Come on
Step with me
(Male Chorus)
O Tara Tara
Hai Hai Tara
You Dance and Dance
We Will Dance
You Sing and Sing
We Will Sing
O Tara Tara
Hai Hai Tara
==========
Night 11.30 pm
Kumar and Sanjay in drunken state
Comes out of Bar.
Engages Auto.
Get dropped at home.
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(On One Saturday, at 11 O’clock (Morning)
(Kumar with his friends at a Bar near Race Course)
Kumar:
Bought one Race Book.
(Enters Bar with his friends)
Explains to his friends about the Horse Races.
How the Horse Races are conducted.
How Winning Horses are selected.
Experienced in playing.
Betting in horse races as per strategy.
Discussing these horses selection while taking hot drinks.
Each Saturday and Sunday, his duty only to discuss about horses.
Thoroughly goes through horse race record.
Explains to his friends, how to play the races.
How the horse races are conducted.
How the betting will take place.
Horse Race Program History
Introduction on Horse Racing
(Kumar Tell his friends)
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.
Friend A:
How many races are conducted in a year?
Kumar:
20 to 30 races in one racing season on the selected days.
Each Saturday and Sunday.
Racing fixtures are drawn.
Races are conducted throughout the week.
Tuesday ‘No Race Day’.
One program in summer season,
Another program in the winter season.
‘Hyderabad Race Club’ as per All India Turf Club’s race schedules.
Bengaluru ‘Bengaluru Turf Club’ organizes racing program.
Mysore ‘Mysore Race Club’ organizes racing program.
Mumbai, ‘Royal Western India Turf Club’ organizes racing program.
Kolkata ‘Kolkata Turf Club’ organizes racing program.
Chennai ‘Madras Race Club’ organizes racing program.
Delhi, ‘Delhi Race Club’ organizes racing program.
Friend B:
Kumar, you’ve good experience and exposure to races.
Kumar:
It’s my personal interest
Friend C:
Kumar, tell me more about Racing
Kumar:
All the Indian Turf Clubs make All India Race schedules.
Conduct regular races and intervenue betting races.
On all the days except on Tuesdays.
On all Tuesdays, there will not be any racing fixtures.
Due to strikes, State bandhs, agitations, or due to heavy rains, if regular or intervenue races are cancelled, such races would be held on Tuesdays, as per Race Club Stewards Board decision.
Friend A:
How cash betting will take place?
Kumar:
Cash betting’s held on the race days in the Betting Ring within the premises of the Race Club.
Friend B:
How many races conducted in a day?
Kumar:
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 are present on the race days.
Friend C:
Any other way of purchasing tickets?
Kumar:
Yes.
Jackpot
Treble Event,
Forecast,
Quinella,
Win,
Place for 1st, 2nd and 3rd place betting’s of particular horses.
Friend: A
How to purchase tickets and when to purchase tickets?
Kumar:
Punters like to play betting on races.
Have to purchase these Jackpot tickets and other events.
Friend: B
How much each cost ticket, Kumar?
Kumar:
Minimum of INR 10/- per ticket and maximum no limit.
Friend: C
What about special races?
Kumar:
Once in five years.
Each Turf Club will conduct Invitational Races.
Stayer’s Cup.
Sprinter’s Cup.
Invitation Cup.
Other Cup Events.
Friend: A
How much would be the Prize Money?
Kumar:
The prize money will be very high.
Runs in crores of rupee.
Owner of the horse will get the cash prizes.
Spart from Gold Cups.
Friend:B
What about other Prizes?
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