Tuesday, 14 June 2016

High Court clears Udta Punjab with one cut, ‘A’ certificate



Mumbai: The Bombay High Court on Monday said that the film 'Udta Punjab' can be released with just one cut. The other cuts ordered by the Central Board of Film Certification in the movie 'Udta Punjab' was struck down by the HC. The Bombay High Court on Monday directed the central Board of Film Certification (CBFC) to issue an ‘A’ certificate to the movie Udta Punjab with the deletion of one scene and a modifies disclaimer. The court ordered the CBFC to certify the movie within 48 hours, enabling its release on schedule on june 17.


Udta Punjab 

Udta Punjab is an upcoming Indian crime thriller film co-written and directed by Abhishek Chaubey. It is about drug abuse in Punjab, India. Produced by Shobha Kapoor and Ekta Kapoor under their banner Balaji Motion Pictures in association with Phantom Films, it features Shahid Kapoor, Kareena Kapoor, Alia Bhatt and Diljit Dosanjh in the lead roles. The film is scheduled for release on 17 June 2016.

Wednesday, 8 June 2016

RBI MONETORY POLICY ANNOUNCEMENT ON JUNE 07

RBI Monetory Policy expectations

The latest inflation , Pay hikes came into force .. strength in crude oil prices may increase further still. So this time, the central bank key rates, analysts  expectations it  may not reduce .CEOkay .. In the country's growth in manufacturing and service sectors and industry sources  expecting  the key rates should decrease.
Analyzes, expectations in spite of the mind .. what's more, the central bank. We shall have to wait until Tuesday  .The Governor of the RBI Rajan expectations this time coming in the wake of the review of credit has become more and more interesting.

Hundred percent!


Kojensis hundred percent of the polled analysts said that might not cut rates next week. Nomura, dibies Bank, ICICI Securities analysts also expressed a similar view. However, less than half a percent in 2016 from Morgan Stanley, Chetan invited to be a reduction in interest rates is expected. There is no need to take into account various factors, including the US Fed to cut rates in September may not be within the ratings of India, Associate Director of employer Soumyajit said. Food inflation, which has been positively received and relieved .. only about a quarter of this year, the central bank may have to cut another ikra Economist Aditi Nayar said.
Minimized

Industrial sources

The interest rates are always fair should decrease this time industrial sources. Manufacturing, service sector PMI data found .. more raised their voice. .. The reason for this is that the low growth rate. GDP figures positively  updated  but manufacturing and services sectors, they argue that the statistics also take into account. Manufacturing, the service sector, the figures suggest that the country's economy, the progress that is expected to sign it. In this economy, according to the view that further progress is necessary to cut rates. According to samakurutayani more funds for further management operations. Many analysts says that the key policy rate unchanged uncoccani .. The latest PMI figures on the economy, monetary policy, analysts said that it affected others. The growth in manufacturing and the services sector, the slowdown in the wake of declining .. to be the weak point of the private sector.

Economy

In reference to the crisis in the economy, the growth of the service sector fell to a six-month low. This is due to the decline in new orders. While the manufacturing sector had a growth figures were also released recently. Service sector activities, as measured Nicky / Market Services Business Activity Index fell in May, is limited to 51. It is noteworthy that in the last eprilo the index at 53.7. This is the lowest level since last November. Mincitene index of 50 is considered to be a growth sector. If below 50 means that the deterioration of the field. On the other hand the manufacturing and services sectors, both for determining the performance of the Nikkei India Composite PMI (Purchasing Managers Index) fell to 50.9 in May, the index of production. In April it was 52.8.

Monday, 6 June 2016

Army Officer Deshauna Barber Won Miss USA


Las Vegas:  Deshauna Barber, a serving U.S. Army officer and an IT analyst at the U.S. Department of Commerce, has been crowned Miss USA 2016.Twenty-six-year-old Barber, representing the U.S. capital as Miss District of Columbia, was declared winner of the pageant ahead of runners-up Miss Georgia Emanii Davis and Miss Hawaii Chelsea Hardin in Las Vegas Sunday night.


Women in combat


The strongest answer of the night when asked about women in combat. "As a woman in the united states Army, I think...we are just a tough as men. As a commander of my unit, I,m powerful, I am dedicated," Deshauna Barber said. "Gender does not limit us in the United States."
As the winner of sunday's 2016 Miss USA competition held at the T-Mobile Arena off the Las Vegas Strip, Ms.Barber will go on to compete in the miss universe contest.



Saturday, 4 June 2016

Japanese boy Found Alive In Forest After 6 Nights

Tokyo

Seven-year-old japanese boy had not been seen since Saturday after his parents apparently abandoned him in a forest on the island of Hokkaido as punishment

A seven-year-old boy who went missing in bear-inhabited forests in northern Japan after his parents apparently abandoned him as punishment, has been found alive.

Yamato Tanooka was found by chance by military personnel in a hut on one of its exercise areas 5km from where he is believed to have gone missing and had sustained only cuts.

The doctor who assessed him after his ordeal in Hokkaido, Japan’s northernmost island, said: “He was incredibly calm considering he had been missing for seven days. He didn’t panic at all.”

Yamato had been missing since Saturday after his parents said they made him get out of their car on a mountain road because he was misbehaving. He was reportedly without food or water.

Forest Experience

The boy somehow manged to survive for nearly a week in the densely forested area, where night temperatures fell as low as 7 degrees celsius and heavy rain had fallen despite wearing only a t-shirt and jeans.
The boy said he had "walked through the mountains" until he found the building, which was unlocked. He drank water from a near by faucet and slept on mattresses spread on the floor. The search for the boy gripped japan.

Father Thanks Rescuers

A tearful Takayuki Tanooka, the boy's father thanked rescuers  for their efforts and apologised for causing trouble . We've reflected on what we did and it was really excessive," Mr. Tanooka said, his voice shaking.

The parents originally told police their son had got lost while they were out hiking to gather wild vegetables but later said they were angry and tried to punish him because he had thrown stones at cars and people.

After being reunited with Yamato, father Takayuki Tanooka, told reporters outside the hospital in the city of Hakodate: “The first thing I did was apologise to him for causing such an awful memory for him.

“The first thing I said to him was that I was really sorry. He nodded and said OK, like he understood.”

We- well, we loved him before,but i hope to give even more attention now,"he said.

The Great Muhammad Ali Leaves The Ring At 74

Muhammad Ali  born Cassius Marcellus Clay, Jr., January 17, 1942 – June 3, 2016) was an American professional boxer. Early in his career, Ali was known for being an inspiring, controversial and polarizing figure both inside and outside the boxing ring.

Ali (as Clay) began training at age 12. At 22, he won the world heavyweight championship from Sonny Liston in an upset in 1964. Shortly after that, Ali joined the Nation of Islam and changed his name. He converted to Sunni Islam in 1975, and then embraced the teachings of Sufism in 2005. Ali retired from boxing permanently in 1981.

Honours

Three heavy weight titles, Olympic gold 56 wins(37 knockouts), five losses

Muhammad Ali

The former world heavyweight champion (Muhammad Ali) died late on Friday at a hospital in the US city of Phoenix, Arizona, having been admitted on Thursday.
He had been suffering from a respiratory illness, a condition that was complicated by Parkinson's disease.
Ali's funeral will take place in his hometown of Louisville, Kentucky, said his family.

Cause Of Death

Septic shock is a serious medical condition that occurs when sepsis, which is organ injury or damage in response to infection, leads to dangerously low blood pressure and abnormalities in cellular metabolism. The primary infection is most commonly by bacteria, but can also be by fungi, viruses, or parasites, and can be located in any part of the body, but most commonly in the lungs, brain, urinary tract, skin, or abdominal organs. It can cause multiple organ dysfunction syndrome and death. Its most common victims are children, immuno compromised individuals, and the elderly, as their immune systems cannot deal with infection as effectively as those of healthy adults. Frequently, patients suffering from septic shock are cared for in intensive care units.

Condolences

"Muhammad Ali shook up the world. And the world is better for it," said US President Barack Obama and his wife Michelle.

Former President Bill Clinton - husband of Democratic frontrunner Hillary - said the boxer had been "courageous in the ring, inspiring to the young, compassionate to those in need, and strong and good-humoured in bearing the burden of his own health challenges".

Republican presumptive presidential nominee Donald Trump, meanwhile, tweeted that Ali was "truly great champion and a wonderful guy. He will be missed by all!"

"I cried. I cried like a baby when I found out the news," says Arnold Mathis, 39, who was on his way to lay a wreath and light a candle at the museum. "It's so surreal. I know he's dead, but it hasn't really set in yet."

Social Networks

The news of his death is on every local television station, and the front page of the local newspaper reads simply "The Greatest" over the iconic image of Ali standing victorious over Sonny Liston in 1965.
Flags at Louisville's city hall will fly at half mast today and the mayor will deliver a memorial service there.

Motto

"A great man held me high," he said. "Go for what you want. If you dream it, you can achieve it. That was one of his mottos.

Wednesday, 25 May 2016

Key Features of Budget 2016-2017

INTRODUCTION
 Growth of Economy accelerated to 7.6% in 2015-16.
 India hailed as a ‘bright spot’ amidst a slowing global economy by IMF.
 Robust growth achieved despite very unfavourable global conditions
and two consecutive years shortfall in monsoon by 13%
 Foreign exchange reserves touched highest ever level of about 350
billion US dollars.
 Despite increased devolution to States by 55% as a result of the 14th
Finance Commission award, plan expenditure increased at RE stage in
2015-16 – in contrast to earlier years.
CHALLENGES IN 2016-17
 Risks of further global slowdown and turbulence.
 Additional fiscal burden due to 7th Central Pay Commission
recommendations and OROP.
ROADMAP & PRIORITIES
 'Transform India' to have a significant impact on economy and lives of
people.
 Government to focus on –
 ensuring macro-economic stability and prudent fiscal
management.
 boosting on domestic demand
 continuing with the pace of economic reforms and policy
initiatives to change the lives of our people for the better.
 Focus on enhancing expenditure in priority areas of - farm and rural
sector, social sector, infrastructure sector employment generation and
recapitalisation of the banks.

 Focus on Vulnerable sections through:
 Pradhan Mantri Fasal Bima Yojana
 New health insurance scheme to protect against hospitalisation
expenditure
 facility of cooking gas connection for BPL families
 Continue with the ongoing reform programme and ensure passage of
the Goods and Service Tax bill and Insolvency and Bankruptcy law
 Undertake important reforms by:
 giving a statutory backing to AADHAR platform to ensure benefits
reach the deserving.
 freeing the transport sector from constraints and restrictions
 incentivising gas discovery and exploration by providing
calibrated marketing freedom
 enactment of a comprehensive law to deal with resolution of
financial firms
 provide legal framework for dispute resolution and
re-negotiations in PPP projects and public utility contracts
 undertake important banking sector reforms and public listing of
general insurance companies undertake significant changes in FDI
policy.
AGRICULTURE AND FARMERS’ WELFARE
 Allocation for Agriculture and Farmers’ welfare is ` 35,984 crore
 ‘Pradhan Mantri Krishi Sinchai Yojana’ to be implemented in mission
mode. 28.5 lakh hectares will be brought under irrigation.
 Implementation of 89 irrigation projects under AIBP, which are
languishing for a long time, will be fast tracked
 A dedicated Long Term Irrigation Fund will be created in NABARD with
an initial corpus of about ` 20,000 crore
 Programme for sustainable management of ground water resources
with an estimated cost of ` 6,000 crore will be implemented through

multilateral funding
 5 lakh farm ponds and dug wells in rain fed areas and 10 lakh compost
pits for production of organic manure will be taken up under MGNREGA
 Soil Health Card scheme will cover all 14 crore farm holdings by March
2017.
 2,000 model retail outlets of Fertilizer companies will be provided with
soil and seed testing facilities during the next three years
 Promote organic farming through ‘Parmparagat Krishi Vikas Yojana’
and 'Organic Value Chain Development in North East Region'.
 Unified Agricultural Marketing ePlatform to provide a common emarket
platform for wholesale markets
 Allocation under Pradhan Mantri Gram Sadak Yojana increased to `
19,000 crore. Will connect remaining 65,000 eligible habitations by
2019.
 To reduce the burden of loan repayment on farmers, a provision of `
15,000 crore has been made in the BE 2016-17 towards interest
subvention
 Allocation under Prime Minister Fasal Bima Yojana ` 5,500 crore.
 ` 850 crore for four dairying projects - ‘Pashudhan Sanjivani’, ‘Nakul
Swasthya Patra’, ‘E-Pashudhan Haat’ and National Genomic Centre for
indigenous breeds
RURAL SECTOR
 Allocation for rural sector - ` 87,765 crore.
 ` 2.87 lakh crore will be given as Grant in Aid to Gram Panchayats and
Municipalities as per the recommendations of the 14th Finance
Commission
 Every block under drought and rural distress will be taken up as an
intensive Block under the Deen Dayal Antyodaya Mission
 A sum of ` 38,500 crore allocated for MGNREGS.
 300 Rurban Clusters will be developed under the Shyama Prasad

Mukherjee Rurban Mission
 100% village electrification by 1st May, 2018.
 District Level Committees under Chairmanship of senior most Lok Sabha
MP from the district for monitoring and implementation of designated
Central Sector and Centrally Sponsored Schemes.
 Priority allocation from Centrally Sponsored Schemes to be made to
reward villages that have become free from open defecation.
 A new Digital Literacy Mission Scheme for rural India to cover around 6
crore additional household within the next 3 years.
 National Land Record Modernisation Programme has been revamped.
 New scheme Rashtriya Gram Swaraj Abhiyan proposed with allocation
of ` 655 crore.
SOCIAL SECTOR INCLUDING HEALTH CARE
 Allocation for social sector including education and health care –
`1,51,581 crore.
 ` 2,000 crore allocated for initial cost of providing LPG connections to
BPL families.
 New health protection scheme will provide health cover up to ` One
lakh per family. For senior citizens an additional top-up package up to `
30,000 will be provided.
 3,000 Stores under Prime Minister’s Jan Aushadhi Yojana will be
opened during 2016-17.
 ‘National Dialysis Services Programme’ to be started under National
Health Mission through PPP mode
 “Stand Up India Scheme” to facilitate at least two projects per bank
branch. This will benefit at least 2.5 lakh entrepreneurs.
 National Scheduled Caste and Scheduled Tribe Hub to be set up in
partnership with industry associations
 Allocation of ` 100 crore each for celebrating the Birth Centenary of
Pandit Deen Dayal Upadhyay and the 350th Birth Anniversary of Guru

Gobind Singh.
EDUCATION, SKILLS AND JOB CREATION
 62 new Navodaya Vidyalayas will be opened
 Sarva Shiksha Abhiyan to increasing focus on quality of education
 Regulatory architecture to be provided to ten public and ten private
institutions to emerge as world-class Teaching and Research Institutions
 Higher Education Financing Agency to be set-up with initial capital base
of ` 1000 Crores
 Digital Depository for School Leaving Certificates, College Degrees,
Academic Awards and Mark sheets to be set-up.
SKILL DEVELOPMENT
 Allocation for skill development – ` 1804. crore.
 1500 Multi Skill Training Institutes to be set-up.
 National Board for Skill Development Certification to be setup in
partnership with the industry and academia
 Entrepreneurship Education and Training through Massive Open Online
Courses
JOB CREATION
 GoI will pay contribution of 8.33% for of all new employees enrolling in
EPFO for the first three years of their employment. Budget provision of
` 1000 crore for this scheme.
 Deduction under Section 80JJAA of the Income Tax Act will be available
to all assesses who are subject to statutory audit under the Act
 100 Model Career Centres to operational by the end of 2016-17 under
National Career Service.
 Model Shops and Establishments Bill to be circulated to States.

INFRASTRUCTURE AND INVESTMENT
 Total investment in the road sector, including PMGSY allocation, would
be ` 97,000 crore during 2016-17.
 India’s highest ever kilometres of new highways were awarded in 2015.
To approve nearly 10,000 kms of National Highways in 2016-17.
 Allocation of ` 55,000 crore in the Budget for Roads. Additional `
15,000 crore to be raised by NHAI through bonds.
 Total outlay for infrastructure - ` 2,21,246 crore.
 Amendments to be made in Motor Vehicles Act to open up the road
transport sector in the passenger segment
 Action plan for revival of unserved and underserved airports to be
drawn up in partnership with State Governments.
 To provide calibrated marketing freedom in order to incentivise gas
production from deep-water, ultra deep-water and high pressure-high
temperature areas
 Comprehensive plan, spanning next 15 to 20 years, to augment the
investment in nuclear power generation to be drawn up.
 Steps to re-vitalise PPPs:
 Public Utility (Resolution of Disputes) Bill will be introduced during
2016-17
 Guidelines for renegotiation of PPP Concession Agreements will be
issued
 New credit rating system for infrastructure projects to be
introduced
 Reforms in FDI policy in the areas of Insurance and Pension, Asset
Reconstruction Companies, Stock Exchanges.
 100% FDI to be allowed through FIPB route in marketing of food
products produced and manufactured in India.
 A new policy for management of Government investment in Public
Sector Enterprises, including disinvestment and strategic sale,

approved.
FINANCIAL SECTOR REFORMS
 A comprehensive Code on Resolution of Financial Firms to be
introduced.
 Statutory basis for a Monetary Policy framework and a Monetary Policy
Committee through the Finance Bill 2016.
 A Financial Data Management Centre to be set up.
 RBI to facilitate retail participation in Government securities.
 New derivative products will be developed by SEBI in the Commodity
Derivatives market.
 Amendments in the SARFAESI Act 2002 to enable the sponsor of an ARC
to hold up to 100% stake in the ARC and permit non institutional
investors to invest in Securitization Receipts.
 Comprehensive Central Legislation to be bought to deal with the
menace of illicit deposit taking schemes.
 Increasing members and benches of the Securities Appellate Tribunal.
 Allocation of ` 25,000 crore towards recapitalisation of Public Sector
Banks.
 Target of amount sanctioned under Pradhan Mantri Mudra Yojana
increased to ` 1,80,000 crore.
 General Insurance Companies owned by the Government to be listed in
the stock exchanges.
GOVERNANCE AND EASE OF DOING BUSINESS
 A Task Force has been constituted for rationalisation of human
resources in various Ministries.
 Comprehensive review and rationalisation of Autonomous Bodies.
 Bill for Targeted Delivery of Financial and Other Subsidies, Benefits and
Services by using the Aadhar framework to be introduced.

 Introduce DBT on pilot basis for fertilizer.
 Automation facilities will be provided in 3 lakh fair price shops by
March 2017.
 Amendments in Companies Act to improve enabling environment for
start-ups.
 Price Stabilisation Fund with a corpus of ` 900 crore to help maintain
stable prices of Pulses.
 “Ek Bharat Shreshtha Bharat” programme will be launched to link
States and Districts in an annual programme that connects people
through exchanges in areas of language, trade, culture, travel and
tourism.
FISCAL DISCIPLINE
 Fiscal deficit in RE 2015-16 and BE 2016-17 retained at 3.9% and 3.5%.
 Revenue Deficit target from 2.8% to 2.5% in RE 2015-16
 Total expenditure projected at ` 19.78 lakh crore
 Plan expenditure pegged at ` 5.50 lakh crore under Plan, increase of
15.3%
 Non-Plan expenditure kept at ` 14.28 lakh crores
 Special emphasis to sectors such as agriculture, irrigation, social sector
including health, women and child development, welfare of Scheduled
Castes and Scheduled Tribes, minorities, infrastructure.
 Mobilisation of additional finances to the extent of ` 31,300 crore by
NHAI, PFC, REC, IREDA, NABARD and Inland Water Authority by raising
Bonds.
 Plan / Non-Plan classification to be done away with from 2017-18.
 Every new scheme sanctioned will have a sunset date and outcome
review.
 Rationalised and restructured more than 1500 Central Plan Schemes
into about 300 Central Sector and 30 Centrally Sponsored Schemes.
 Committee to review the implementation of the FRBM Act.

RELIEF TO SMALL TAX PAYERS
 Raise the ceiling of tax rebate under section 87A from `2000 to `5000
to lessen tax burden on individuals with income upto `5 laks.
 Increase the limit of deduction of rent paid under section 80GG from
`24000 per annum to `60000, to provide relief to those who live in
rented houses.
BOOST EMPLOYMENT AND GROWTH
 Increase the turnover limit under Presumptive taxation scheme under
section 44AD of the Income Tax Act to ` 2 crores to bring big relief to a
large number of assessees in the MSME category.
 Extend the presumptive taxation scheme with profit deemed to be 50%,
to professionals with gross receipts up to `50 lakh.
 Phasing out deduction under Income Tax:
 Accelerated depreciation wherever provided in IT Act will be
limited to maximum 40% from 1.4.2017
 Benefit of deductions for Research would be limited to 150% from
1.4.2017 and 100% from 1.4.2020
 Benefit of section 10AA to new SEZ units will be available to those
units which commence activity before 31.3.2020.
 The weighted deduction under section 35CCD for skill development
will continue up to 1.4.2020
 Corporate Tax rate proposals:
 New manufacturing companies incorporated on or after 1.3.2016
to be given an option to be taxed at 25% + surcharge and cess
provided they do not claim profit linked or investment linked
deductions and do not avail of investment allowance and
accelerated depreciation.

 Lower the corporate tax rate for the next financial year for
relatively small enterprises i.e companies with turnover not
exceeding ` 5 crore (in the financial year ending March 2015), to
29% plus surcharge and cess.
 100% deduction of profits for 3 out of 5 years for startups setup during
April, 2016 to March, 2019. MAT will apply in such cases.
 10% rate of tax on income from worldwide exploitation of patents
developed and registered in India by a resident.
 Complete pass through of income-tax to securitization trusts including
trusts of ARCs. Securitisation trusts required to deduct tax at source.
 Period for getting benefit of long term capital gain regime in case of
unlisted companies is proposed to be reduced from three to two years.
 Non-banking financial companies shall be eligible for deduction to the
extent of 5% of its income in respect of provision for bad and doubtful
debts.
 Determination of residency of foreign company on the basis of Place of
Effective Management (POEM) is proposed to be deferred by one year.
 Commitment to implement General Anti Avoidance Rules (GAAR) from
1.4.2017.
 Exemption of service tax on services provided under Deen Dayal
Upadhyay Grameen Kaushalya Yojana and services provided by
Assessing Bodies empanelled by Ministry of Skill Development &
Entrepreneurship.
 Exemption of Service tax on general insurance services provided under
‘Niramaya’ Health Insurance Scheme launched by National Trust for the
Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and
Multiple Disability.
 Basic custom and excise duty on refrigerated containers reduced to 5%
and 6%.
MAKE IN INDIA

 Changes in customs and excise duty rates on certain inputs to reduce
costs and improve competitiveness of domestic industry in sectors like
Information technology hardware, capital goods, defence production,
textiles, mineral fuels & mineral oils, chemicals & petrochemicals,
paper, paperboard & newsprint, Maintenance repair and overhauling
[MRO] of aircrafts and ship repair.
MOVING TOWARDS A PENSIONED SOCIETY
 Withdrawal up to 40% of the corpus at the time of retirement to be tax
exempt in the case of National Pension Scheme (NPS). Annuity fund
which goes to legal heir will not be taxable.
 In case of superannuation funds and recognized provident funds,
including EPF, the same norm of 40% of corpus to be tax free will apply
in respect of corpus created out of contributions made on or from
1.4.2016.
 Limit for contribution of employer in recognized Provident and
Superannuation Fund of ` 1.5 lakh per annum for taking tax benefit.
Exemption from service tax for Annuity services provided by NPS and
Services provided by EPFO to employees.
 Reduce service tax on Single premium Annuity (Insurance) Policies from
3.5% to 1.4% of the premium paid in certain cases.
PROMOTING AFFORDABLE HOUSING
 100% deduction for profits to an undertaking in housing project for flats
upto 30 sq. metres in four metro cities and 60 sq. metres in other cities,
approved during June 2016 to March 2019 and completed in three
years. MAT to apply.
 Deduction for additional interest of `50,000 per annum for loans up to
`35 lakh sanctioned in 2016-17 for first time home buyers, where
house cost does not exceed ` 50 lakh.

 Distribution made out of income of SPV to the REITs and INVITs having
specified shareholding will not be subjected to Dividend Distribution
Tax, in respect of dividend distributed after the specified date.
 Exemption from service tax on construction of affordable houses up to
60 square metres under any scheme of the Central or State
Government including PPP Schemes.
 Extend excise duty exemption, presently available to Concrete Mix
manufactured at site for use in construction work to Ready Mix
Concrete.
RESOURCE MOBILIZATION FOR AGRICULTURE, RURAL ECONOMY AND
CLEAN ENVIRONMENT
 Additional tax at the rate of 10% of gross amount of dividend will be
payable by the recipients receiving dividend in excess of ` 10 lakh per
annum.
 Surcharge to be raised from 12% to 15% on persons, other than
companies, firms and cooperative societies having income above ` 1
crore.
 Tax to be deducted at source at the rate of 1 % on purchase of luxury
cars exceeding value of ` ten lakh and purchase of goods and services in
cash exceeding ` two lakh.
 Securities Transaction tax in case of ‘Options’ is proposed to be
increased from .017% to .05%.
 Equalization levy of 6% of gross amount for payment made to nonresidents
exceeding ` 1 lakh a year in case of B2B transactions.
 Krishi Kalyan Cess, @ 0.5% on all taxable services, w.e.f. 1 June 2016.
Proceeds would be exclusively used for financing initiatives for
improvement of agriculture and welfare of farmers. Input tax credit of
this cess will be available for payment of this cess.
 Infrastructure cess, of 1% on small petrol, LPG, CNG cars, 2.5% on diesel
cars of certain capacity and 4% on other higher engine capacity vehicles

and SUVs. No credit of this cess will be available nor credit of any other
tax or duty be utilized for paying this cess.
 Excise duty of ‘1% without input tax credit or 12.5% with input tax
credit’ on articles of jewellery [excluding silver jewellery, other than
studded with diamonds and some other precious stones], with a higher
exemption and eligibility limits of ` 6 crores and ` 12 crores
respectively.
 Excise on readymade garments with retail price of ` 1000 or more
raised to 2% without input tax credit or 12.5% with input tax credit.
 ‘Clean Energy Cess’ levied on coal, lignite and peat renamed to ‘Clean
Environment Cess’ and rate increased from `200 per tonne to `400 per
tonne.
 Excise duties on various tobacco products other than beedi raised by
about 10 to 15%.
 Assignment of right to use the spectrum and its transfers has been
deducted as a service leviable to service tax and not sale of intangible
goods.
PROVIDING CERTAINITY IN TAXATION
 Committed to providing a stable and predictable taxation regime and
reduce black money.
 Domestic taxpayers can declare undisclosed income or such income
represented in the form of any asset by paying tax at 30%, and
surcharge at 7.5% and penalty at 7.5%, which is a total of 45% of the
undisclosed income. Declarants will have immunity from prosecution.
 Surcharge levied at 7.5% of undisclosed income will be called Krishi
Kalyan surcharge to be used for agriculture and rural economy.
 New Dispute Resolution Scheme to be introduced. No penalty in
respect of cases with disputed tax up to ` 10 lakh. Cases with disputed
tax exceeding ` 10 lakh to be subjected to 25% of the minimum of the
imposable penalty. Any pending appeal against a penalty order can also

be settled by paying 25% of the minimum of the imposable penalty and
tax interest on quantum addition.
 High Level Committee chaired by Revenue Secretary to oversee fresh
cases where assessing officer applies the retrospective amendment.
 One-time scheme of Dispute Resolution for ongoing cases under
retrospective amendment.
 Penalty rates to be 50% of tax in case of underreporting of income and
200% of tax where there is misreporting of facts.
 Disallowance will be limited to 1% of the average monthly value of
investments yielding exempt income, but not exceeding the actual
expenditure claimed under rule 8D of Section 14A of Income Tax Act.
 Time limit of one year for disposing petitions of the tax payers seeking
waiver of interest and penalty.
 Mandatory for the assessing officer to grant stay of demand once the
assesse pays 15% of the disputed demand, while the appeal is pending
before Commissioner of Income-tax (Appeals).
 Monetary limit for deciding an appeal by a single member Bench of
ITAT enhanced from ` 15 lakhs to ` 50 lakhs.
 11 new benches of Customs, Excise and Service Tax Appellate Tribunal
(CESTAT).
SIMPLIFICATION AND RATIONALIZATION OF TAXES
 13 cesses, levied by various Ministries in which revenue collection is
less than ` 50 crore in a year to be abolished.
 For non-residents providing alternative documents to PAN card, higher
TDS not to apply.
 Revision of return extended to Central Excise assesses.
 Additional options to banking companies and financial institutions,
including NBFCs, for reversal of input tax credits with respect to nontaxable
services.
 Customs Act to provide for deferred payment of customs duties for

importers and exporters with proven track record.
 Customs Single Window Project to be implemented at major ports and
airports starting from beginning of next financial year.
 Increase in free baggage allowance for international passengers. Filing
of baggage only for those carrying dutiable goods.
TECHNOLOGY FOR ACCOUNTABILITY
 Expansion in the scope of e-assessments to all assessees in 7 mega
cities in the coming years.
 Interest at the rate of 9% p.a against normal rate of 6% p.a for delay in
giving effect to Appellate order beyond ninety days.
 ‘e-Sahyog’ to be expanded to reduce compliance cost, especially for
small taxpayers.

Teacher's Life

Teacher’s profession is an ideal profession. Yet all teachers are not ideal. There are many
who are angry, beat students, scold them right and left, do not look neat in appearance,
have no affection for students, are interested only in increasing their income, keep no touch
with books, and are too much inclined to politics. With the society going to the dogs, such
teachers are ever on the increase.
Certainly they have no right to be treated as ideal teachers for no students, except the worst,
would like to build their lives of them.
This shows that very few teachers can rightly claim to be accepted as ideal ones. There are
some who possess many qualities that make them to be likely claimants to this honorable
position but a few shortcomings shatter their hopes to pieces. This shows that an ideal
teacher is not someone to be found here, there and everywhere. He is really a rare object,
and very few schools can boast to have such a teacher in their stafflist.
If we are to describe
an ideal teacher in a few words, we must say that he should have the ability to serve as a
model before his students.
An ideal teacher, above all, should be a good teacher. His teaching ability should be such so
as to attract the attention of the students easily. He should teach in a way so that any topic,
however hard it may be, can be easily understood by the students.
In order to teach well, the teacher himself should have vast and deep knowledge.
He must be Able to clear away students’ fear of studies and to turn them into storehouses
of
knowledge without which a refined and higher life cannot be lived.
An ideal teacher should have unbounded love and affection for his students.
He should be one who can be easily approached by them, for he should truly be their friend,
philosopher, and guide,
teacher’s profession is an ideal profession. Yet all teachers are not ideal. There are many
who are angry, beat students, scold them right and left, do not look neat in appearance,
have no affection for students, are interested only in increasing their income, keep no touch
with books, and are too much inclined to politics. With the society going to the dogs, such
teachers are ever on the increase.
Certainly they have no right to be treated as ideal teachers for no students, except the worst,
would like to build their lives of them.
This shows that very few teachers can rightly claim to be accepted as ideal ones. There are
some who possess many qualities that make them to be likely claimants to this honorable
position but a few shortcomings shatter their hopes to pieces. This shows that an ideal
teacher is not someone to be found here, there and everywhere. He is really a rare object,
and very few schools can boast to have such a teacher in their stafflist.
If we are to describe
an ideal teacher in a few words, we must say that he should have the ability to serve as a
model before his students.
role model is a person who inspires and encourages us to strive for greatness, live to our
fullest potential and see the best in ourselves. A role model is someone we admire and
someone we aspire to be like. We learn through them, through their commitment to
excellence and through their ability to make us realize our own personal growth. We look to
them for advice and guidance.
A role model can be anybody: a parent, a sibling, a friend but some of our most influential
and lifechanging
role models are teachers.
“When the student is ready, the teacher appears.” Marlene
Canter, My Teacher My Hero
Teachers follow students through each pivotal stage of development. At six to eight hours a
day, five days a week, you as a teacher are poised to become one of the most influential
people in your students’ life. After their parents, children will first learn from you, their
elementary school teacher. Then, as a middle school teacher, you will guide students
through yet another important transition: adolescence. As children become young adults,
learning throughout middle school and into high school, you will answer their questions,
listen to their problems and teach them about this new phase of their lives. You not only
watch your students grow you help them grow.
“We think of teacherheroes
that taught us the academics but we don’t often think of those
teachers that taught us life’s lessons.” Maria
Wale, My Teacher My Hero
Much of what students learn from their greatest teachers is not detailed on a syllabus.
Teachers who help us grow as people are responsible for imparting some of life’s most
important lessons. During their initial school years, students encounter, perhaps for the first
time, other children of the same age and begin to form some of their first friendships. As a
teacher, you will show your students how to become independent and form their own
relationships, you will carefully guide them and intervene when necessary. School is as
much a place of social learning as academic learning, and this is true, not only in our early
years of education, but all the way through college. Though a teacher’s influence on the
social sphere of school lessens as students mature, those early lessons still have an effect
on how they will interact with others in the future.
Teachers are founts of experience. They have already been where their students are going,
undergone what they will go through and are in a position to pass along lessons, not only
regarding subject matter, but lessons on life.
Each profession occupies a specific niche in society — doctors heal, engineers design and
bankers handle our money. Teaching, however, stands out as a subsumptive entity. At a
preliminary stage, teachers instill the transcendent faculties of communication, decision
making and awareness of social responsibilities. Later in life, no matter which field we
choose to pursue, we again turn to teachers for training. A strong information base and well
developed capabilities of comprehension and analysis are critical for progress. These crucial
responsibilities of inculcating knowledge, kindling inspiration and encouraging creative
thought are all vested in the teacher. Keeping in mind the increasing trend of both parents
working long hours, the teacher is also expected to build a strong moral character and
provide emotional support. Thus, the teacher has to build a rapport with the student and be
simultaneously approachable and authoritative. His/her role encompasses that of an
instructor, friend, role model and confidant.
I often wonder about teachers who educated famous people such as Einstien and Abraham
Lincoln. Were these teachers specially qualified to inspire their students to achieve fame and
success? Or were these teachers just plain lucky to have talented students? Do some
teachers have rare qualities of turning them into gold ? The answer may not be easy to find.
A great person once said, "Teaching is a profession that teaches all other professions."
From ancient times, teachers have been playing an important role in our society. Behind
every successful engineer or doctor there is a teacher. A teacher is a person who moulds
them into engineers or doctors. A person who teaches us moral values, a person who
encourages us is a teacher. In Indian culture, we praise teachers more than Gods.
Alexander the Great once said, "I am indebted to my father for living, but to my teacher for
living
The role of teachers in society is both significant and valuable. They are one of the main
pillars of a sound and progressive society. They bear the weight and responsibility of
teaching, and, apart from parents, they are the main source of knowledge and values for
children. It is rightly said that a teacher plays a key role in shaping our future. Nowadays,
being an engineer or a doctor is considered good, but they would not have been able to get
where they are without teachers. Teachers share the information they have. On the contrary,
doctors and engineers do not necessarily share theirs.Right from the age of four, a child
finds himself in the hands of a teacher. Throughout our lives, our teachers inspire us and
teach us about values. They treat us like their own children and make us learn from their
experiences. They make us strong enough to stand on our own feet and face any challenge.
No engineer or doctor can ever replace a teacher's contribution in our lives! "A good teacher
is like a candle — it consumes itself to light the way for others."
A doctor treats patients, an engineer constructs buildings and machines but a teacher builds
the nation. The young students of today are the leaders and the hope for the future of any
country. They are the plants in the garden of the nation and teachers are the gardeners. By
irrigating the "garden of the nation" and giving direction to the young, teachers lay the
foundation for any country. These torchbearers
of the society undoubtedly play an
indispensable and immensely important role towards shaping a strong nation. There is no
other profession that can supersede the teaching profession. Teachers, therefore, rightly
hold a position higher than that held by the almighty in the Indian society.
Schools are one of the first places where the foundation of a good citizen is laid in the form
of kid's behaviour and qualities. Schools are important because kids learn the base of their
educational life here. Teachers almost become like parents for kids because of the time they
spend together. I believe a real teacher comes about through many years of training and
experiences in the field of teaching. Doctors and engineers are also very important for the
society, but their base is prepared by teachers. It's not just doctors and engineers, but every
man or woman who succeeds in life because of their teacher. Teachers have the qualities to
become role models for th student. We can say that they are the real builders of the nation.
We all are surrounded by many helpers, who guide us through our daily life. But there are
some who help us right from childhood. They are called teachers. Teachers give us lessons
in morality and good habits. The world is what it is today, just because of them. When we are
ill, we avail of treatment from doctors. But if somebody has a problem with geography,
physics or political science, he will go only to the teacher — not a postman, a doctor or an
engineer. Teachers clear our doubts and help touch the the pinnacle of success. They
support us during our exams, they are like relatives who understand our innermost feelings.
Every student is equal in the eye of teacher. They teach us how to take inspiration from
everything around us. They handle indiscipline students with a positive feeling, and change
them. They spread knowledge without expecting anything in return. They also play a great
role in shaping human beings. All the celebrities in the world, who have passed through
school life and reached the highest level of success because of hard work, have done so
because of their teachers. Teachers' hands are like the hands of God, always there to help
us. If we want success, we should mark the way of good surrounding by obeying the
teachers. Our Vedas also tell.... aachrya devo bhavah, which means, treat your teachers
Teachers require knowledge of the unique skills that each child brings to the classroom in
order to effectively target instruction towards students’ learning needs. Despite substantial
investments in programs aimed at enhancing teacher knowledge of individual students’ skills
(KISS), we know surprisingly little about how KISS is distributed or how teachers develop
KISS, let alone the role that KISS plays in instruction and learning. In this study, I employ
nationallyrepresentative
data to create KISS measures for kindergarten and first grade
teachers. I use these measures to examine the distribution of KISS across schools, within
schools, and within classrooms, as well as to investigate potential KISS development
mechanisms and instructional uses. To estimate the effect of KISS on student learning, I use
a set of student and subject fixed effects models that control for the nonrandom
sorting of
students into classrooms, average differences in how well teachers know particular children,
and baseline achievement. I find that a standard deviation increase in KISS positively
impacts kindergartners’ and first graders’ achievement by about 0.080.09
standard
deviations. This result is highly robust to a number of different modeling choices and
alternative explanations.
Teachers are an extremely important facet of any society for a number of reasons and their
role in society is both significant and valuable.
Teachers are the people who educate the youth of society who in turn become the leaders of
the next generation of people
Teachers are the people who are teaching children and imparting knowledge upon them in
their most impressionable years
What children learn from their teachers at a young age will most likely stay with them in
some facet for the rest of their lives
Teachers play an extraordinary part in the lives of children for the formative years of their
development and the importance of teachers is something that cannot be understated. They
involve themselves in moulding their students into responsible citizens of their country.
Within a school, if teachers are well educated and if they are intellectually alive and take
keen interest in their job, then only success is ensured.
At READ Foundation, we employ 4,000 highly qualified and educated teachers to ensure
success. Our teachers ensure that children at READ Foundation schools are taught to high
standards and only receive quality education which will lead to a brighter future for these
children
xtraordinary part in the lives of children for the formative years of their development. The
importance of teachers is something that cannot be understated. Their influence can and will
stretch on long after the final bell rings, beyond the walls of the actual school. The role of the
teacher is complex, far beyond what people would assume as just someone who teaches
what is mandated by law from the youth of America.
The Role of Teachers in Society
Life is its own education, with formal schooling playing only a small fraction. However, that
does not undermine the role