Funnily, do we agree that the asian banks fared better than western Banks in the long run looking at the fall?

The computer was existing in the U.S. the banks there were working there withit, In asia, the banks kept the books on the manual system writing by hand, and the west was laughing at us as to how we have been still lost in the stone age, writing accounts by hand, where as we Indians, too marvelled as to the progress made by America. But what has all these observations proved and who is ahead of which race.

what will be a good tax saving device similar to PPF ?

I want suggestion for a/few tax saving scheme(s) of reputable institutions where one is required to fill up forms only ONCE.and go on with monthly / yearly subsription year after year.Also it should have least locking period.Thanks
if such schemes do not exist,then scemes with low lock in period—some real experience in mutual fund by an iiinvestor may be helpful