Bargain buy: Air conditioner
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Entry level
Price – Rs 13,190
Features – 1-tonne window AC, 12000 BTU/h cooling capacity, rotary compressor, mechanical temperature control, two fan speeds, 4-way air deflection, anti-bacteria filter, evaporator fin, ventilation control, energy efficiency ratio of 9.52
For: Those wanting an AC for a small room, or as a second AC for a large room
Our pick
Price – Rs 23,500
Features – 1.5-tonne wall mounted split AC, 18000 BTU/h capacity, MPFI cooling system, anti-fungus and negative ion filter, remote control, air swing, auto restart, anti-freeze thermostat, quick cool, sleep and refresh mode
For: A value for money—efficient, stylish and less noisy than a window AC
Top of league
price – Rs 62,990
Features – 2.5 tonne wall mounted split AC, 28000 BTU/h, reciprocating compressor, 620 CFM air circulation, auto shut flaps, programme timer, 3-dimensional air control, auto restart, sleep timer, self-diagnostic function, double auto swing, fire retardant components, automatic air flow adjustment, energy efficiency ratio of 10.46
For: Family rooms or drawing-dining areas, with fast cooling—and a fat price
Purchasing power
Life is rapidly becoming more expensive in the North-east with three cities from the area in the highest inflation list. Shillong has price inflation more than twice the national average. Elsewhere, Shimla in Himachal and Bhavnagar in Gujarat are the least expensive cities to live in.
All-India price inflation 5.2% | |
Highest inflation rates | |
Shillong | 12.4% |
Gulbarga | 10.6% |
Jaipur | 9.7% |
Kohima | 9.5% |
Imphal | 8.8% |
Lowest inflation rates | |
Shimla | 1.2% |
Bhavnagar | 1.9% |
Mangalore | 2.5% |
Rohtak | 2.8% |
Vijayawada | 2.9% |
Figures are percentage annual rise in consumer price index for urban non-manual employees from Feb 2007 to Feb 2008 |
Rates of relevance | ||
5 fixed deposit rates | ||
Banks | Maturity | Interest rate |
Tamil Mercantile Bank | 400 days | 9.75% |
IDBI Bank | 500 days | 9.00% |
Kotak Bank | 1 yr to less than 2 yrs | 9.00% |
ICICI Bank | 590 days | 8.75% |
Dena Bank | 1 yr to less than 2 yrs | 8.25% |
Source: Bank Websites |
• Bank FDs are still attractive and above the assured 8% offered by fixed return instruments
• If you are risk averse and looking for tax savings, a 5-year FD at a good rate may be still a good time to get in to