NO COST EMI - Its not true -- How the rest of the Economy takes a Byte of your Apple.

1. Cost of an iphone 8 64GB Rs 67940.00   Transaction date  12 July 2018
2. Emi Rs 3998.95 X 18 Months = Rs 71981.10
3. Cash Back Rs 3838.61   ( 5.65% )  as per charge slip and 5% is what you are entitled to.
4. Actual Cashback that came was Rs 3397.00 ( was actually 5% only back as was promoted ) Cash Back date 04 Sep 2018
5. Net Total amount paid = 71981.10 less Rs 3397.00 = 68584.10
6. Excess paid over the MRP = Rs 68584.10 – Rs 67940.00 = Rs 644.10
7. Loan Amount Rs 64101.39 @ 15% pa for 18 Months.
8. Upfront cost is Rs 644.10 – how does it become a NO COST EMI
9. However there is a GST of 18% that needs to be paid on each of the Interest component of the each of the EMIs which was not factored in anywhere and you realize it subsequently only.
10. Add the GST component of Rs 1418.34 and you end up giving an excess of Rs 2062.48 over the MRP of Rs 67940/- and you end up paying Rs 70002.34 in 18 Months against the price of Rs 67940/-and yet we call It the no cost EMI.

To summarize you get short changed and over charged by 3.03% of the MRP. when you should have actually got a discount on the transaction :-) 

EMI	Interest	Tax
1	801.26	144.23
2	761.29	137.03
3	720.82	129.75
4	679.84	122.37
5	638.36	114.90
6	596.35	107.34
7	553.82	99.69
8	510.75	91.94
9	467.15	84.09
10	423.00	76.14
11	378.3	68.09
12	333.04	59.95
13	287.22	51.70
14	240.82	43.35
15	193.85	34.89
16	146.28	26.33
17	98.13	17.66
18	49.37	8.89
	7879.65	1418.34

Glow worms, Stars & Aircrafts in the Sky.

Train of memories triggered on the elevated corridor at sun down all because of a few aircraft headlamps suspended in air. Could not help but pen it down. 


Lucknow 
Childhood was spent counting the glow worms in the trees or flying randomly. It was like the banyan tree was lit with fairy lights for Christmas. You could never really count them all just like you could never ever count the stars in the sky but on sleepless nights it was better than counting sheep. 
Sometimes the glow worms were caught and kept in a Kissan jam Bottle with lid punched with tiny holes made with a compass for air inlets but the glow worms  looked better up in the sky flying. Captivity was not for them. 

Summer nights with or without electricity were spent falling asleep on the terrace staring at the stars and then came the airline revolution and Pooja and I started staring at the airliners flying high up in the sky passing by, no landing approach just flying high up one after the other 15 to 20 minutes apart before sleep overtook us.
 
From Lucknow to Delhi 
The glow worms vanished from my life. The spark of happiness of simply staring at the sky into emptiness embellished with stars vanished. The dark grey smoky sky became an integral part of life.
 
From Delhi to Noida 
The sky is no longer empty. 
The stars are visible again. The moon shines brightly and the craters are visible. 
But the glow worms are probably extinct however they have been replaced by the twinkling lights and the headlamps of the airliners circling before approaching the Delhi airport’s landing strips. 
It’s been 8 years and on a good day you can see as far as 3 aircraft’s lights in a straight line approaching you.
 
14th February 2018 Shivratri Govt holiday ensured relatively empty roads was different @ 6.32pm 
Driving on the elevated corridor of Delhi under a clear sky with the sun having gone down and the blue sky getting bluer, I saw not one, not two, not three, not five, not seven but I could not believe this I counted 10 aircraft’s lights twinkling suspended in the air as far as i could see, one behind the other all at the same time. It’s no wonder that a plane lands every 2 minutes in Delhi. 
So that’s almost like 20 minutes of flying distance visible to me as I kept count up in the sky and my eyes on the curvaceous road all at the same time before the road came down on land and the sky drive running against the aircraft’s lights approaching the airport ends and the skyline line of sight gets engulfed by the clutter of Delhi concrete 


The drive is mundane again,
The sky is mundane again,
Life is mundane again till I reenter the welcoming arms of my family under a roof that does not have a terrace anymore. 
Longing to see glow worms again. I wonder what they would look like through a camera lens.