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As a kind of reaction to Google+, Facebook just rolled out two features today: group text chat and integrated video chat courtesy of Skype.
The video chat is interesting, because you don't need to download a Skype client—all you do is log in to your Facebook account and start a video chat with anyone on your friends list. It's unclear whether or not you can call an actual Skype user, even though the underlying technology is Skype.
Although they say that there's no client you have to install, like Skype, there actually is a plugin setup process that's, well, essentially like downloading and installing a client, albeit a browser plugin client. The videos pop up in a separate window you can move around your desktop, and you can select the active microphone in the video window without having to restart the call.
To try it now, do this:
  1. Go to the video calling page and enable video chat
  2. Pick a friend to video chat with and open the chat window
  3. Click the video call icon on the top right of the chat window
  4. Wait while the plugin installs
  5. Chat!
Facebook also said that while mobile video chat isn't working now, it will come in the future.
Group chat is basically just how group chats work on any other platform. You start a chat, then start adding additional people to the chat. It takes place in the same Facebook IM window that you've been using for a while.



Prabu was a college student till yesterday. Today he has got a job. He has changed his costume from T-shirt and jeans to a formal wear with a tie. When he got his first pay cheque, his father advised him to save, his girl friend asked him to take her out on a date, and his friends wanted a party. Prabu was totally confused what to do with his first salary. What are all his actual priorities? Let us help him by laying out a step by step initial financial plan for him.
Get a PAN Card:
PAN Card is an ID card issued by income tax department.  This card is useful in filing your Income Tax returns. Apart from this, the PAN card is very much useful in opening a bank a\c, demat a\c, investing in mutual funds and the like. The required documents for getting a PAN card is a passport size photo, address proof and an identification proof. You need to apply with either UTI or NSDL. They are the two approved agencies by income tax department for issuing PAN card.
Personal Accident and Disability Insurance:
Almost every day you can find a news column about road accident. It may be your colleague, your distant relative, your neighbor, your friend, your classmate. The stories of such incidents give us a reminder that the accidents can happen to anyone. The impact of these accidents on ones working life could be huge. Some accidents could reduce our employability temporarily or permanently. Personal accident and disability insurance policies will cover the financial losses arising out of accident and disability. 
You need to decide the coverage amount of this policy based on the estimated loss you may suffer because of accident. That is how much loss you may incur from employment temporarily or permanently because of the accident. This will cost you approximately Rs.1500 p.a for a coverage of Rs.10 lakhs.
Health Insurance:
Most people don’t think about health insurance very often.  But it comes to mind first when a loved one is sick.  Under health insurance, the insurance company pays the medical bills if the insured person becomes sick and hospitalized. Health insurance can protect a family from financial damage in case of severe and serious illness.
If you have a health insurance from your employer, that may not be sufficient. Employer may cover the employee and not his family members. And moreover these policies are not portable and cannot be individualized if you leave the job. Employer provided policies cannot be transferred to another employer in case you switch your job. Also employer provided policies will give you coverage as long as you are employed. Once you retire you may not be having coverage. It is really unfortunate that only after your retirement you need health insurance at the most. If you plan to take a fresh policy after retirement, insurance company will not cover the pre-existing diseases at that point in time. Though your employer provides a health insurance policy it is better for you to take a separate health insurance policy at least with a small amount of coverage.
The coverage amount of the health insurance policy need to be decided based on your health consciousness, your family health history, and the class of hospital you choose for treatments.
Term Insurance:
Generally as a beginner, there will not be any requirement for any life insurance. But if your parents are financially depending on you, then you need to cover yourself with life insurance. As a breadwinner, today you are there for your family to provide a lifestyle. In case of any mishappening to you, your family members should not compromise on their lifestyle. That is why it is advisable to cover yourself with life insurance if you have dependents.
But don’t fall prey for ulips. Go for a pure term insurance policy. These policies give you a high coverage with low premium. The premium for a sum assured of Rs.10 lakhs will cost a 25 year old only Rs.2500 p.a. approximately.
Emergency Reserve:
Once you have completed the above obligations, you need to build an emergency reserve or contingency fund. One aspect of financial planning involves planning for situations where there could be a temporary break in one’s professional income. This could happen, amongst other reasons, due to ill health or could even be self opted. Such planning requires creation of contingency fund. The size of a contingency fund is linked to one’s estimate of what could be the maximum duration of such a break. For instance some people plan for the possibility of a 3 months break, others for 6 months.
This emergency fund gives a psychological security to you. In case you need to quit you r present job and need to search a new one, you can do that comfortably and confidently as you have an emergency fund for the intermediate period. You need not panic. If you have created a contingency fund, in the event of any emergency you need not pre-close your other investments and hence you avoid paying penalty or booking losses.
Tax Planning:
You can save under section 80 C up to Rs.120000. Out of this Rs.20000 need to be invested in the infrastructure bonds and the balance Rs.100000 can be invested in NSC, PPF, insurance premium, and ELSS mutual funds., You can give maximum allocation to ELSS mutual funds, as you are so young and in the beginning of your career.
Other goals:
You may have other goals like buying a laptop, higher studies, and vacation. You need to plan for all these goals. You need to keep in mind two things before deciding an investment. They are your risk tolerance and time horizon. How much risk you are afford to take and psychologically comfortable in taking? When do you need this money back? Based on the answers to these questions you need to choose the right kind of investment plan.
Plan out your work and work out your plan. Normally we don’t plan to fail, but we fail to plan.If you work on your financial plan, when your friends are partying and taking their girlfriends out, you will be definitely going to be retired richer than your friends.

The author is Ramalingam K, an MBA (Finance) and Certified Financial Planner. He is the Founder and Director of Holistic Investment Planners (www.holisticinvestment.in) a firm that offers Financial Planning and Wealth Management. He can be reached at ramalingam@holisticinvestment.in.



Waiting for a Google Plus invite? Google is rolling out the service in waves and you can expect it to become a ubiquitous social option in the coming months. We have been playing with the service since getting invites yesterday and there are a lot of things to like about Google's new social initiative.

Unlike Google's last big invite-only rollout of a social initiative - Google Wave - users will not be confounded on just what the heck you are supposed to with the service when signing up for the first time. From Friendster, Friendfeed, MySpace and Facebook, users are familiar with how a social platform is theoretically supposed to look. At its core level, Plus is not that much different. Yet, there is so much more. How do you get started with Google Plus? Let's break down the nuts and bolts.

Create Your Circles

Imagine the ability to break down Facebook into its various constituent parts and keep them separate from each other as opposed to one giant feed. That is what Google has done with Plus. There is one main stream where all your friends updates show up then the option to see updates from only certain groups like "Work," "Friends" or "Family." This is the essence of Circles.

From the initial interface, you will see four buttons - Home, Photos, Profile and Circles.



The first thing you are going to want to do is set up your circles. Click on the tab and it will bring you to a interface where all of your contacts in Gmail (not just Gmail addresses, but all of your contacts) are listed in a panel on top of the screen. Below is a panel that has your various circles. To add a contact to a circle, drag from the top of the list to the appropriate group. Contacts can be added to multiple circles.



One of the initial problems I had from the circles interface was that I added a couple of "Friends" into my "Work" circle and could not figure out how to get them out. You can do this from the user streams by hovering over the person's name and hovering over "Add to circles" and clicking the appropriate boxes. Yet, from the circles interface, that was not readily apparent. To take people out of a circle, hover above the circle, grab their icon and drag it back into the people plane.

One of the great differentiators between Twitter and Facebook is the "unbalanced" or "balanced" follow. Facebook was initially a two-way follow paradigm - I friend you, you friend me and we see each other's updates. This has been changed with the ability to "like" groups, brands and pages without them following you back. Twitter has always been a one-way follow - I follow you and you do not necessarily have to follow me back.

This line has been blurred in circles. If a person is in your contacts, they can be added to a circle and will get a notification that has happend (but not what circle they have actually been added to). There is also a "follow" circle. Just like Twitter, you can follow people and see their updates without them having to follow you back. As your circles evolve this could allow to track different interests, like Twitter lists.



The Stream and "Bumping"

Once you have set up your circles, go back to the Home screen to see the results. Below the profile picture you will see the choices of stream. You can view your entire stream at once (à la Facebook) or by particular circle.



There are two other options below your circles - Incoming and Notifications. Clicking incoming will bring you to messages that have been sent by people outside of your circles. Notifications will show you when people in your circles have commented on something you have posted, or something you have commented on.

Below the circles and notifications there is a tab dubbed "Sparks." More on that below.

One of the killer features of Gmail, or any Google product, is Chat. It has made its way into Plus and sits in the familiar left-hand, bottom-right portion of the screen that it is found in Gmail. Users with a lot of Circle and Chat contacts will like the ability to enable chat for particular groups. Want to surface friends and family but not acquaintances? Plus will let you do that.

If you are using Plus in a Chrome browser, desktop notifications do not pop up when someone sends you a message like it would in Gmail.

Posting a status update in Plus is not like sending a Tweet or updating Facebook. The core functions of an update are present - photos, links, video and location - but when you hit "share" it doesn't automatically post your message to everybody in your circles. You have the option to decide which circles your update is posted to, from individual groups to all circles, to extended circles, or just a single person.

An interesting feature in the user stream is that conversations will surface back to the top of the feed when subsequent comments are made on a thread. This, according to Google developer Jean-Baptiste Queru, is called "bumping." Google Buzz has this same capability and it was also a feature of FriendFeed.
Photos

Photos in Plus are relatively self-explanatory. Users can update photos from their computers or from their phones, see photos that people in their circles have uploaded. With the Android app, there is a way to upload any photo that you take with your phone straight to Plus, an interesting if slightly disconcerting feature.

When you add a photo, it will prompt you to create an album. Once that album is created it will ask which of your circles you would like to share it with. This is a prime differentiator from Facebook where all of your photos are visible to all of your friends by default (you can change who can view certain photos in Facebook preferences). You can also pick an individual to share photos with instead of an entire circle.

Photo uploading is easy within Plus. Just like adding a picture or an attachment to a Gmail document, you can drag-and-drop from your desktop or click the on the upload button and browse your computer for pictures.



Users can also add photos by posting them in status updates or by uploading them through the Profile tab.
Profile

If you use any Google products and have a Google account, you have a Google Profile. Profiles are unknown to most of the Internet because, until now, it was relatively useless to anyone but Google.

Your Google Profile is now the hub of you Plus experience, the backbone that everything else is built upon. There are six tabs in your profile page - posts, about, photos, videos, +1s and Buzz.



A significant change to your profile page is that there is now a location where your +1s live. Until now, when you clicked +1 on content on the Web, nothing happened. The information was sent to Google and integrated into some type of esoteric search algorithm. Users can now see what people have +1ed through their Google Profile. Unlike the Facebook share/like/recommend buttons, it does not go straight into your stream but rather to the profile page.
Sparks and Hangouts

Hangouts is a new feature rolled out with Plus. Essentially it is an area where your circles or a select group of friends can video chat all on one screen. To start a Hangout, go to the "Welcome" button in the home tab. It will prompt you to start a hangout and invite individuals or entire circles. Up to 10 people can be in a hangout at once and it will be seen in that circle or users' stream.


Sparks is the part of Plus where you can find content on the Web that you are interested in. In the "Field Trial" version of Plus, it looks like Sparks is a randomized version of content and news generated through Google News. Sparks can be a dashboard for things you are interested in on the Web. When you do a search in Sparks, it will predict what you are searching for with a drop down menu (like old Google search, not quite like Google Instant). You can pin particular topics you search for to the Sparks dashboard for quick access.

You can share articles found in Sparks with a share button on the bottom of every article that surfaces in a search. Like everything else in Plus, it can be shared with a specific person, circle, group of circles or the general public.



If you spend time on Google or any of its services, then you may have seen the new black menu bar. Many wondered if this was just some new design from Google. As it turns out, that black bar is a sign from Google that something big is coming. That something is Google+.

Google+ is the newest of Google’s projects to go into invitation beta. While its not Google’s first run at building a social network, Google+ is probably the most extensive. That doesn’t mean that Google is making a big deal of it yet, however. They are trying to keep it quiet, lest it get the build up to a fail that Wave had. You can take a look at the introductory video here.

From the official blog post, Google+ is really designed around Google itself. Their hope is to redesign the way we share online. They will group people into “Circles”, which you get to organize as you see fit. As of now, it pulls contacts from Gmail or Google Contacts.

Once you have circles set up, you get the ability to interact with those people. You can share images, links, or articles. You can even take advantage of “Sparks”, which will allow you to strike up conversations with people in your Circles. Google + also has a video chat service built in that is called “Hangouts” and a mobile application available for Android devices.

This mobile aspect of Google+ seems vital to the service. Google promises the easiest media uploading of any social media service. They are also advertising the “Huddle” feature, which is similar to texting. unlike traditional text messaging, you use data, similar to BlackBerry Messenger or Beluga.

From what I can tell, the potential for Google+ to be big is there. What remains to be seen is whether or not Google+ will actually be successful. As of now, it is in an invitation only beta. In order to check out any of these features, you need to be invited to that beta. I know i have signed up for it and hope to get in soon. If you want to check it out, you can sign up here.



The new Facebook Messages incorporates email, SMS, and Facebook Chat and Messages into one convenient bucket. It's a smart idea, but you should think twice before you consider ditching your current email address for Facebook email. Here's why.
For a counterpoint, check out why you should embrace the new Facebook Messages. Also note: Facebook Messages' email integration is rolling out on an invite-only basis.

Facebook Messages Is Not Email, and Can't Be

 

The new Facebook Messages may integrate with email, but that doesn't mean it is email. Zuckerberg and company won't argue this point: Although the new Facebook Messages can send emails from your @facebook.com address to any email address, and receive email from any email address sent to your @facebook.com address, it's still not email. In fact, it doesn't want to be. The new Facebook Messages isn't about killing Gmail. It's about extending the reach of Facebook Messages.
Every email someone sends to adampash@facebook.com will go into Facebook Messages as part of a single conversation. If you were to send me several emails at adampash@facebook.com from your email address, I'll see all of those separate emails as one conversation: a conversation between you and me. Separate emails with different subjects are meaningless in Facebook Messages (though subjects sent from email clients outside Facebook are bolded in the conversation).
Point is, you can't use Facebook Messages like email because, while it interfaces with email, it's not email. This isn't necessarily a shortcoming of Facebook Messages; it's exactly how Facebook intends for it to work. But if you use your email for more in-depth conversations (as opposed to quick back-and-forth, chat-style conversations), or you like to communicate with the same person using different threads, it just won't work.
Facebook believes that most conversations with friends are on-the-fly, short, real-time conversations, which is why they're not terribly concerned with making Facebook Messages work like email. All they're doing is making sure it works with email.

You're Putting All Your Communication Eggs in One Historically Walled Basket

If Google had announced a product that similarly integrated SMS, email, and chat in a more convenient one-stop communication shop, a lot of geeks who are completely against the new Facebook Messages would be extremely excited. (It's worth noting that you can currently send email and SMS, chat via GChat or AIM, and make phone calls all from within Gmail's existing interface; the fuller convergence just isn't there.) Photo by Mrs. Logic.
It all boils down to trust. A common problem arises with services that intend to converge separate buckets—in this case, all of your text-based communication. The convenience of one point-of-origin for sending and receiving messages across communication protocols is unquestionably nice, but the tradeoff is that you're putting a lot of eggs in one basket. In this case, the basket is Facebook, and the eggs include email, SMS, and Facebook Chat and Messages. Historically, Facebook hasn't been all that open about letting you get information out of the service.
In a digital world, communication boils down to data, and as such, data portability is an important concept. Facebook has recently opened up a little more, allowing you to download some of your information from the site, but the fact is—if you decide to leave Facebook—the service has never been good at letting you take your ball and play elsewhere.
Facebook has said that they plan to introduce IMAP support for Facebook Messages, which means that you'll likely be able to both send and receive as well as back up your Facebook Messages using a third-party application or service. Sounds promising, but we'll believe it when we see it.

Your Workplace Will Block It

According to a report from last year by DNS service OpenDNS, Facebook was the second most commonly blocked web site on the internet, second to MySpace. You won't find an email provider among that top 10 list.
That doesn't mean that every workplace blocks Facebook or that no workplaces block Gmail, but the prerequisite to communication is access, and a lot of people who can't access Facebook from work can still access their email accounts. In theory, Facebook Messages could get around this problem by sending you messages via SMS, but unless you want to do all your "emailing" from your phone, that's not much of a solution.

The new Facebook Messages is a smart move by Facebook, filled with good ideas and an interesting model for evolving how we communicate with friends. If you rely on email to do anything more complicated than what you can already do over IM, it's also the last thing you should use to communicate.
What do you think of Facebook Messages? Good or bad, share what you think in the comments.

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