Friday, January 22, 2010
BBMP election Update
Saturday, January 16, 2010
Tax rate of current year and how one can save tax in india?
Individual & HUF below age of 65 years:
Male
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Female
For Income Between 0 to 1,90,000 : NIL
For Income Between 1,90,001 to 3,00,000 : 10%
For Income Between 3,00,001 to 5,00,000 : 20%
For Income above 5,00,001: 30%
Education Cess 3%
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Senior Citizen Tax
For Income Between 0 to 2,40,000 NIL
For Income Between 2,40,001 to 3,00,000 10%
For Income Between 3,00,001 to 5,00,000 20%
For Income above 5,00,001 30%
Education Cess 3%
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One can avail following deductions:
1. HRA i.e house rent allowance
2.Travel allowance of Rs.800/ month i.e. Rs.9600.00 per year
3.Food coupons not more than Rs.800/ months i.e. 9600.00 per year
4.Deduction U/S 80C to the extent of Rs.100000.00 which one can invest in the following scheme
(A) PENSION SCHEME INVESTMENTS
(B) HOUSING LOAN PRINCIPAL REPAYMENT
(C) PPF - PUBLIC PROVIDENT FUND
(D) HOME LOAN ACCOUNT OF NATIONAL HOUSING BANK
(E) LIC - LIFE INSURANCE PREMIUM DIRECTLY PAID BY EMPLOYEE
(F) ULIP 1971-ULIP LINKED INSURANCE PLAN FROM UTI
(G) NSC - NATIONAL SAVING CERTIFICATE
(H) DEPOSIT UNDER POST OFFICE SAVING BANK (CTD) RULES, 1959
(I) NSS - NATIONAL SAVING SCHEME
(J) UTI - RETIREMENT BENEFIT PLAN
(K) INFRASTRUCTURE INVESTMENT - NOTIFIED U/S 10 (23D)
(L) MUTUAL FUNDS - NOTIFIED UNDER CLAUSE 23D OF SECTION 10
(M) ELSS - EQUITY LINK SAVING SCHEME OF MUTUAL FUNDS
(N) TUITION FEES FOR FULL TIME EDUCATION TO INDIAN SCHOOL, UNIVERSITY
(O) Fixed Deposits in Banks (Period as per Income Tax Guidelines)
(P) 5 years term deposit an account under Post Office Term Deposit Rules
(Q) Depsoit in account under the senior citizens savings scheme rule 2004
5.U/S 80D : MEDICLAIM PREMIUM (For Self, Spouse, Dependent Children & Parents) Maximum Limit Rs. 15000/- & Rs. 20000/- in case of premium on the health of Dependents above 65 years old otherwise of Rs.15000/-
6.Medical Bill to the extent of Rs.15000.00
7.U/S 80E INTEREST ON EDUCATION LOAN (for self education) - No Maximum Limit
8.INTEREST PAID ON HOUSING LOAN. No Maximum limit for let out property. Maximum Limit for Self Occupied Property Rs. 30000/- (before 01-04-1999) & Rs. 150000/- (from 01-04-1999) (Submit Certificate received fom Financial Institution/ Banks, Occupation Certificate, Form 12 C Declaration, Income from House. Prop. Computation Statement)
Saturday, January 9, 2010
What is human rights commission and contact details of Human right commission members
---- Dr. Rajvir P. Charma, IPS
Inspector General of Police
Grievances and Human Rights
O/o DGP and IGP,
No.2, Nrupathunga Road,
Bangalore -560 001.
E-mail: igpgrievance@ksp.gov.in
080-22213431 (O)
080-23515163 (R )
List of nodal officers in other state
Complaint format
FAQ about Human rights commission:
How are human rights defined in the Protection of Human Rights Act, 1993 ?
In terms of Section 2 of the Protection of Human Rights Act, 1993 (hereafter referred to as 'the Act'), "human rights" means the rights relating to life, liberty, equality and dignity of the individual guaranteed under theConstitution or embodied in the International Covenants and enforceable by courts in India. "International Covenants" means the International Covenant on Civil and Political Rights and the International Covenant on Economic, Social and Cultural Rights adopted by the General Assembly of the Unitednations on the 16th December, 1966 .
What functions have been assigned to the Commission under the Act ?
The Commission shall, perform all or any of the following functions, namely:-
a) Inquire, on its own initiative or on a petition presented to it by a victim or any person on his behalf,into complaint of-
i ) violation of human rights or abetment or
ii) negligence in the prevention of such violation,by a public servant;
b) intervene in any proceeding involving any allegation of violation of human rights pending before a court with the approval of such court;
c) visit, under intimation to the State Government, any jail or any other institution under the control of the State Government, where persons are detained or lodged for purposes of treatment, reformation or protection tostudy the living condition of the inmates and make recommendations thereon ;
d) review the safeguards by or under the Constitution or any law for the time being in force for the protection of human rights and recommend measures for their effective implementation;
e) review the factors, including acts of terrorism that inhibit the enjoyment of human rights and recommend appropriate remedial measures;
f) study treaties and other international instruments on human rights and make recommendations for their effective implementation;
g) undertake and promote research in the field of human rights;
h) spread human rights literacy among various sections of society and promote awareness of the safeguards available for the protection of these rights through publications, the media, seminars and other available means;
i) encourage the efforts of non - Governmental organizations and institutions working in the field of human rights;
j) such other functions as it may consider necessary for the promotion of human rights.
What powers have been vested with the Commission relating to inquiries?
While inquiring into complaints under the Act, the Commission shall have all the powers of a civil court trying a suit under the Code of Civil Procedure, 1908, and in particular the following, namely;
a) Summoning and enforcing the attendance of witnesses and examining them on oath;
b) discovery and production of any document;
c) receiving evidence on affidavits;
d) requisitioning any public record or copy thereof from any court or office;
e) issuing commissions for the examination of witnesses or documents;
f) any other matter which may be prescribed.
Does the Commission have its own investigation team?
Yes, the Commission has its own investigating staff headed by a Director General of Police for investigation into complaints of human rights violations. Under the Act, it is open to the Commission to utilise the services of any officer or investigation agency of the Central Government or any State Government. The Commission has associated, in a number of cases, non - Governmental organizations in the investigation work.
Is the Commission Autonomous?
Yes, the autonomy of the Commission derives, inter-alia, from the method of appointing its Chairperson and Members, their fixity of tenure, and statutory guarantees thereto, the status they have been accorded andthe manner in which the staff responsible to the Commission - including its investigative agency - will be appointed and conduct themselves. The financial autonomy of the Commission is spelt out in Section 32 of the Act.
The Chairperson and Members of the Commission are appointed by the President on the basis of recommendations of a Committee comprising the Prime Minister as the Chairperson, the Speaker of Lok Sabha, the Home Minister, the leaders of the opposition in the Lok Sabha and Rajya Sabha and the Deputy Chairman of the Rajya Sabha as Members.
How does the Commission inquire into complaints?
The Commission while inquiring into complaints of violations of human rights may call for information or report from the Central Government or any State Government or any other authority or organization subordinate thereto within such time as may be specified by it; provided that if the information or report is not received within the time stipulated by the Commission, it may proceed to inquire into the complaint on its own; on the other hand, if, on receipt of information or report, the Commission is satisfied either that no further inquiry is required or that the required action has been initiated or taken by the concerned Government or authority, it may not proceed with the complaint and inform the complainant accordingly.
What steps are open to the Commission after inquiry?
The Commission may take any of the following steps upon the completion of an inquiry:
1) Where the inquiry discloses the commission of violation of human right or negligence in the prevention of violation of human rights by a public servant, it may recommend to the concerned Government or authority theinitiation of proceedings for prosecution or such other action as the Commission may deem fit against the concerned person or persons;
2) Approach the Supreme Court or the High Court concerned for such directions, orders or writs as that Court may deem necessary;
3) Recommend to the concerned Government or authority for the grant of such immediate interim relief to the victim or the members of his family as the Commission may consider necessary.
What procedure is prescribed under the Act with respect to armed forces?
The Commission may on its own motion or on the basis of petitions made to it on allegations of human rights violations by armed forces, seek a report from the Central Government. On receipt of the report, it may either not proceed with the complaint or, as the case may be, make its recommendations to the Government. According to the Act, the Central Government shall inform the Commission of the action taken on the recommendations within three months or such further time as the Commission may allow. It is further stipulated that the Commission shall publish its report together with its recommendations made to the Central Government and the action taken by that Government on such recommendations. A copy of the report so published will also be given to the petitioner.
Can the complaint be in any language?
They may be in Hindi, English or in any language included in the Eighth Schedule of the Constitution. The complaints are expected to be selfcontained. No fee is charged on complaints. The Commission may ask for further information and affidavits to be filed in support of allegations whenever considered necessary. The Commission may in its discretion, accept telegraphic complaints and complaints conveyed through FAX or by e-mail. Complaints can also be made on the mobile telephone number of the Commission.
What kind of complaints are not entertained by the Commission ?
Ordinarily, complaints of the following nature are not entertained by the Commission:
a) In regard to events which happened more than one year before the making of the complaints;
b) With regard to matters which are sub-judice;
c) Which are vague, anonymous or pseudonymous;
d) Which are of frivolous nature;
e) Which pertain to service matters.
What is the responsibility of the authority/State/Central Governments to which reports / recommendations have been send by the Commission?
The authority/State Government/Central Government has to indicate its comments/action taken on the report/recommendations of the Commission within a period of one month in respect of general complaints and within three months in respect of complaints relating to armed forces.
What are the kinds of issues on which complaints have been received ?
Since its inception, the Commission has handled a variety of types of complaints. In the latest period, the major types of complaints have been:
In respect of police administration
Failure in taking action
Unlawful detention
False implication
Custodial violence
llIegal arrest
Other police excesses
Custodial deaths
Encounter deaths
Harassment of prisoners; jail conditions
Atrocities on SCs and STs
Bonded labour, child labour
Child marriage
Communal violence
Dowry death or its attempt; dowry demand
Abduction, rape and murder
Sexual harassment and indignity to women, exploitation of women
Numerous other complaints which cannot be categorized, have also been taken up .
What has been focus of the Commission’s Working ?
Inquiring into complaints is one of the major activities of the Commission. In several instances individual complaints have led the Commission to the generic issues involved in violation of rights, and enabled it to move the concerned authorities for systemic improvements.
However, the Commission also actively seeks out issues in human rights which are of significance, either suo motu, or when brought to its notice by the civil society, the media, concerned citizens, or expert advisers. Its focus is to strengthen the extension of human rights to all sections of society, in particular,the vulnerable groups.
The Commission's purview covers the entire range of civil and political, as well as economic, social and cultural rights. Areas facing terrorism and insurgency, custodial death, rape and torture, reform of the police, prisons, and other institutions such as juvenile homes, mental hospitals and shelters for women have been given special attention. The Commission has urged the provision of primary health facilities to ensure maternal and child welfare essential to a life with dignity, basic needs such as potable drinking water, food and nutrition, and highlighted fundamental questions of equity and justice to the less privileged, namely the Scheduled Castes and Scheduled Tribes and the prevention of atrocities perpetrated against them. Rights of the disabled,access to public services, displacement of populations and especially of tribals by mega projects, food scarcity and allegation of death by starvation, rights of the child, rights of women subjected to violence, sexual harassment and discrimination, and rights of minorities, have been the focus of the Commission's action on numerous occasions.
What are its major initiatives?
Civil Liberties
Review of statutes, including Terrorist & Disruptive Activities Act, and (draft) Prevention of Terrorism Bill, 2000
Protection of human rights in areas of insurgency and terrorism
Guidelines to check misuse of the power of arrest by the police
Setting up of Human Rights Cells in the State/City Police Headquarters
Steps to check custodial deaths, rape and torture
Accession to the Convention against Torture, Additional Protocols to the Geneva Conventions.
Discussion on adoption of a Refugee Law for the country
Systemic reforms of police, prisons and other centers of detention
Visit to Jails, mental hospitals and similar other institutions
Review of laws, implementation of treaties, and the international instruments on human rights
Economic, Social & Cultural Rights
Elimination of bonded labour and child labour Issues concerning Right to Food
Prevention of maternal anaemia and congenital mental disabilities In the child
Human Rights of persons affected by HIV/AIDS
Public Health as a human rights issue
Rights of the vulnerable groups
Rights of women and children, minorities, scheduled castes and scheduled tribes
People displaced by mega projects
People affected by major disasters such as the super-cyclone in Orissa and the earthquake in Gujarat.
Monitoring the functioning of the Mental hospitals at Ranchi, Agra and Gwalior, and the Agra Protection Home, under a Supreme Court remit.
Action Research on Trafficking
Promotion and protection of the rights of the disabled.
Rights of Denotified and nomadic tribes
Welfare of the destitute widows of Vrindavan
Elimination of manual scavenging
Promotion of human rights literacy and awareness in the educational system and more widely in society.
Human rights training for the armed forces and police, public authorities, civil society, and students
Research through well-known academic institutions and NGOs on various issues relating to human rights
Publication of Annual Report, monthly Newsletter, Annual Journal, and research studies
Consultation with NGOs and experts/specialists on Human Rights Issues
What is the composition of the Commission?
Hon'ble Justice Shri S. Rajendra Babu Chairperson
Hon'ble Justice Shri G.P. Mathur Member
Hon'ble Justice Shri B.C. Patel Member
Vacant Member
Shri P.C.Sharma Member
Chairperson, National Commission for Minorities Ex-officio Member
Chairperson, National Commission for Scheduled Castes and Scheduled Tribes Ex-officio Member
Chairperson, National Commission for Women Ex-officio Member
The Chief Executive Officer of the Commission is its Secretary General 'Shri A.K. Jain', Director General (Investigation) is 'Shri Sunil Krishna' and Registrar (Law) is 'Shri A.K. Garg'.
State Human Rights Commissions The Protection of Human Rights Act, 1993 makes provisions for the establishment of State Human Rights Commissions, 14 States have already set up such bodies
Where is the Commission located and what are its contact numbers ?
National Human Rights Commission
Faridkot House,
Copernicus Marg, New Delhi - 110 001.
Facilitation Centre (Madad): (011) 23385368
Mobile No. 9810298900 (For complaints-24 hrs.)
Fax: (011) 23386521 (complaints)/23384863 (Administration)/ 23382734(Investigation)
Email: covdnhrc@nic.in. (General)/ jrlaw@nic.in(For complaints)
resnhrc@nic.in (Research Division)
Web site: www.nhrc.nic.in
Wednesday, January 6, 2010
GST (Goods and services Tax) in india
Wednesday, December 23, 2009
Godrej Properties IPO allotment status online
Wednesday, December 16, 2009
Is 2012 end of Earth?
When mayon calendar ends?
The Mayan Long Count calendar shows time ends on December 21, 2012
The Times News Network predicts that global financial markets will crash in 2012
It is anticipated that the last son of the KGB, Vladimir Putin, will return to rule Russia in 2012.
Todays shouting is about climate change or manmade global warming. In the previous decade’s pollution, destruction of the ozone layer soil depletion and an imminent mini ice age were the environmental dangers that we confronted. There is little doubt right now that we do have an impact on our surroundings - but its extent is still undetermined. A collapse from warming, sea level changes, resource shortages are all real and present problems we will face some day.
A super volcanic eruption refers to a volcano that produces the largest and most voluminous kinds of eruptions on earth. The actual explosively of these eruptions varies, but the sheer volume of extruded magma is immense enough to radically alter the landscape and severely impact global climate for years, with a cataclysmic effect on life.
Wednesday, December 9, 2009
2010 Holiday list in India
Download for free 2010 holiday list
Tuesday, December 8, 2009
How to curb Corruption? How to report to Lokayukta?
Monday, November 30, 2009
how to implant IMEI number
Click here to view IMEI implant centre list in Karnataka .
Friday, November 20, 2009
Big relief from Harrassment of Auto in Bangalore
Now Easy auto will give a biggest relief .If more and more Auto's who wish to provide real service to the society join Easy cab there willnot be any more over charging and refusal from Auto drivers.
Wednesday, November 18, 2009
Insurance institute exam
IRDA’s exam to select insurance agents is conducted by the Insurance Institute of India (III) in 325 centres across the country. Nearly 7-10 lakh individuals write the exam every year. Nearly half of them are selected and given a license to operate as agents.
However, the regulator has been flooded with complaints on malpractices in off-line exams, with allegations of license being given for a “price”. Last year, the IRDA cancelled a clutch of licenses following such complaints.
To streamline online exams, the Insurance Institute of India is being assisted by the NSEiT, a wholly owned subsidiary of National Stock Exchange. By October this year, 100 centres will have online instead of manual exams. The remaining 225 centres will also shift to on-line exams eventually.
“We want to improve the quality of exams and the procedure for licensing of insurance agents as we reckon that well qualified agents are needed to curb mis-selling of insurance products, A Giridhar Executive Director, IRDA told ET.
India has around 35 lakh licensed insurance agents to distribute various products offered by insurers. There are 42 insurers with assets under management of over Rs 9 lakh crore.
Sunday, November 15, 2009
How to change your security pin for BSNL wi-fi modem
If you wish to know your current security pins or modify the same follow the steps given below:
1. Connect LAN from your computer or Laptop and type 192.168.1.1 in the internet explorer user name for your modem will be admin and password is also admin.
2. Click on wireless option and select security option
3. You will the following screen where you can see WPA-preshared key where you can see and change the key. Click to see what is the pre-shared key and you can modify your key here...
Thursday, November 12, 2009
How to get your Drvining licence via speed post ?
TIMES NEWS NETWORK
Bangalore: Skip the queues and the touts. Just pay Rs 25 and put your feet up the dakiya will homedeliver your driving licence and even registration certificate (RC) of your vehicle. And India Post has promised to deliver them in just two days after they are processed.
To bring transparency into the documentation process, the transport department signed an MoU with the postal department for the delivery of documents to the applicants address.
Transport minister R Ashoka, launching the speed post service on Wednesday morning at Vidhana Soudha, said: The new system will help reduce the role of middlemen and brokers and will also help bring transparency into administration .
Transport secretary M K Shankarlinge Gowda said the exercise will help in the image makeover of the department. According to the department, nearly 85 lakh vehicles are registered in the state, of which 35 lakh are registered in Bangalore city alone.
The official said that due to the increasing vehicular population, people have been seeking the help of middlemen to get their RCs and driving licenses.
This new delivery system means that the transport department will collect self-addressed postal covers from the applicants or owners of vehicles , duly stamped for Rs 25, while receiving applications.
The documents, which are readied at the department, will then be forwarded to the postal department, which promises to deliver them within two days.
Chief post-master general P Rajan said the introduction of a barcode system will enable the status of postal delivery. Transport commissioner Bhaskar Rao maintained that the new measure would help the department get proper confirmation of the address proof of the applicants.
Tuesday, November 10, 2009
Cyclone alert for Mumbai and Gujrat
At danger level 6, this cyclone is likely to hit Mumbai as well as inland Maharashtra on Wednesday bringing heavy to very heavy rainfall. The Met department has advised people in low-lying areas in Mumbai to vacate and ports to reduce activities and take safety measures. Through this photogallery, NDTV.com takes a look at the changes this cyclone will bring with it.
The Met department issued cyclone alert for the coastal areas of south Gujarat, northern Maharashtrra and some parts of Goa and Konkan region.
According to the weather department in Mumbai, a tropical cyclone strengthened over the Arabian Sea off the western coast of country. The Met department has said that the cyclone will hit Mumbai early on Thursday.
Following the weather alert, the BMC has asked fishermen to avoid venturing into sea till Thursday.
Meanwhile, heavy rainfall has been reported from Mumbai, Goa and Konkan region. As far as Mumbai weather is concerned, the financial capital of India has witnessed heavy rainfall since yesterday.
Wednesday, October 28, 2009
Construction workers to get cover
PAY ORDER
FOR REGISTRATION:
Construction workers must have worked for a minimum of 90 days. Pay registration fee of Rs 25, produce employment and age certificate, and pay Rs 10 every month in subscription
LIC ROPED IN: LIC will cover pension and insurance. Soon, workers can avail benefits online
CONSTRUCTION SECTOR REFORMS
Tuesday, October 27, 2009
247 Gas booking in India
For HP (Hindustan Petroleum) : 12665
For Indane : 1260
For Bharat Petroleum : 12664
Friday, October 23, 2009
URL of major courier companies to track shipment online
Courier name Web site
AFL http://www.afl.co.in/
Aramex http://www.aramex.com/express/track.aspx
Blazeflash http://www.blazeflash.net/track.aspx
Blue Dart http://www.bluedart.com/
Bombino http://www.bombinoexp.com/
DHL http://www.dhl.co.in/publish/in/en.high.html
DTDC http://www.dtdc.in/
Elbee http://www.elbee.in/
Express-it http://www.expressitnet.com/expressit/index.htm
FedEx http://fedex.com/in/
First Flight http://www.firstflight.net/
Flyking Courier http://www.flykingindia.com/tracking.php
Gati http://www.gati.com/
GMS Express http://www.gmsexp.com/home.asp
India Post (Speed Post) http://www.indiapost.gov.in/speednet/Track.htm
Maruti Courier http://www.marutiair.com/
On Dot Courier http://www.ondot.info/track.asp
Overnite Express http://www.overnitenet.com/
Pafex http://www.pafex.com/tracking.html
Professional Courier http://www.tpcindia.com/test/index.html
Skypak http://www.skypakindia.com/
TNT http://www.tnt.com/express/en_in/site/home.html
Trackon Courier http://trackoncourier.com/track.htm
United Courier http://unitedcouriers.biz/Track.asp
UPS http://www.ups.com/content/in/en/index.jsx
XPS Courier http://xpscouriers.com/
Wednesday, October 21, 2009
Railway booking which bank has No charges? (IRCTC booking).
Payment by Credit Cards
AXIS PG For all Master / Visa Credit Cards / Debit cards (If enabled by card Issuer). Transaction charges of 1.65%
ICICI PG For all MASTER / VISA Credit Cards (Not International Credit Cards) / Debit cards (If enabled by card Issuer). Transaction Charge 1.8%
HDFC PG For all MASTER / VISA Credit Cards (Not International Credit Cards) / Debit cards (If enabled by card Issuer). Transaction Charge 1.8%
CITI PG For all MASTER / VISA / DINERS CLUB CREDIT CARDS / VISA Debit cards (If enabled by card Issuer).Transaction Charges 1.8%
American express For all credit cards issued by American Express. Transaction Charges 1.8%
Payment by Credit Cards EMI Option
ICICI BANK EMI Pay in 3 installments with your ICICI Bank Credit Cards. Transaction charges 4.65%.
CITI Bank EMI Pay in 3 installments with your Citibank/Diners Club Credit Cards. Transaction charges 2.8%.
Payment by Direct Debit Facility
Canara Bank Transaction Charges of Rs. 10/-
HDFC Bank Transaction Charges of Rs. 10/- + service tax and education cess as applicable
ICICI BANK Transaction Charges of Rs. 10/-+Service Tax as applicable
Citibank Transaction charges of Rs.10/-
AXIS Bank Transaction Charge of Rs.10/- + taxes per transaction
ABN Amro Bank Transaction Charge NIL
IDBI Bank Transaction charges of Rs.10/-
Bank of Punjab Transaction Charge NIL
Centurion Bank Transaction Charge NIL
SBI ATM-cum-Debit Card Transaction charges of Rs.10/-
State Bank of India Transaction charges of Rs.10/-
PNB-Net Banking Transaction Charge NIL
PNB-Debit Card Transaction charges of Rs.10/
Federal Bank Transaction Charge NIL
Syndicate Bank Transaction Charge NIL
Indusind Bank Transaction Charge NIL
Karnataka Bank Transaction Charge NIL
Andhra Bank Transaction charges of Rs.10/-
Corporation Bank Transaction charges of Rs12/ per transaction
Bank of India Transaction Charge NIL
Rajasthan Bank Transaction Charge Rs. 15
Indian Bank Transaction Charges of Rs. 10/-
SBI Associates Transaction Charge Rs. 10 per Transaction
Oriental bank of commerce Transaction charges of Rs.10/- At selected branches of OBC
Union Bank Of India Transaction Charge NIL
Bank of Baroda Transaction Charge NIL
Payment by Cash Cards
ITZ Cash Card Transaction charges of 1 %
Done Cash Card Transaction Charge of Rs. 5/-
I Cash Card Transaction charges of RS. 2.50/- per transaction
One Stop Shop RDS Transaction charges of RS. 5/- per transaction
Tuesday, October 20, 2009
Malaysia warns against job scams Beware Job aspirants
Friday, October 16, 2009
Where to donate if I want to help North karnataka Flood vicims
Thursday, October 15, 2009
No more free ATM access
From Tuesday,13th October 2009, banks will start charging customers Rs 18-20 every time they withdraw money from another bank's ATM, and such withdrawals will also face a limit of Rs 10,000.
Customers will be offered five free third-party withdrawals per month from savings accounts and will be charged from the sixth transaction onwards.
However, all banks are not offering the same facility of five free withdrawals per month to current account and no-frills account customers. For instance, HSBC and HDFC Bank will charge current account customers for all third-party withdrawals.
Customers have been enjoying the flexibility of withdrawing cash from any banks' ATM free-of-charge since April 1, 2009 since a Reserve Bank of India (RBI) directive to that effect came into force.
Tuesday, October 13, 2009
Chikungunya fever in Bangalore
Some facts about Chikungunya :
There is effective medicine in Homeopathy which can build your immune system to protect you from Chikungunya.
Credit Information Report (CIR) directly from CIBIL can be downloaded
You can request for a copy of your CIBIL CIR in three quick steps through Email, Mail, Telephone or Fax:
Email: myreport@cibil.com 1. Email the CIR Request Form duly filled in
2. Mail self attested hardcopies of your lastest Identity Proof1and Address Proof2 documents and Fees3 to P.O.BOX 17, Millennium Business Park, Navi Mumbai- 400710
3. Once CIBIL receives the documents and Fees3, your request will be processed and copy of your CIR will be dispatched to you.
Letter: Address* 1. Write to CIBIL with the CIR Request Form duly filled in
2. Also mail self attested hardcopies of your Identity Proof1 and lastest Address Proof2 documents and Fees3 to P.O.BOX 17, Millennium Business Park, Navi Mumbai- 400710
3. Once CIBIL receives the documents and Fees3, your request will be processed and copy of your CIR will be dispatched to you.
Telephone: 022-61404300 1. Fax CIBIL the CIR Request Form duly filled in
2. Mail duly filled in CIR request form and self attested hardcopies of your Identity Proof1 and latest Address Proof2 documents and Fees3 to P.O. BOX 17, Millennium Business Park, Navi Mumbai - 400710
3. Once CIBIL receives the documents and Fees3, your request will be processed and a copy of your CIR will be dispatched to you.
Fax: 022-40789007 1. Fax CIBIL the CIR Request Form duly filled in
2. Mail self attested hardcopies of your Identity Proof1 and latest Address Proof2 documents and Fees3 to P.O.Box 17, Millennium Business Park, Navi Mumbai 400710
3. Once CIBIL receives the documents and Fees3, your request will be processed and a copy of your CIR will be dispatched to you.
1. Valid Identity Proof: PAN Card/ Passport/ Voters ID (Mail self attested hard copy of any one of these Identity Proofs)
2. Valid Address Proof: Bank Account Statement/ Electricity Bill/ Telephone bill (Mail self attested hard copy of any one of these Address Proofs)
3. Payment terms: Demand Draft (DD) of Rs 142/- (inclusive of all taxes and express delivery charge) , in favour of Credit Information Bureau (India) Limited payable at Mumbai
Please note that the fee once paid is non-refundable.
Download Request Form
CIBIL has no authorised agents. Please do not contact anyone other than CIBIL in order to gain access to a copy of your Credit Information Report.
Your CIBIL CIR will be presented to you in a simple and easy to understand format. However, on receiving your CIBIL CIR, if you require any explanation/clarification, you can email us at consumerqueries@cibil.com or call us on 022-61404300.
CIBIL is always at your service to assist you.
* Credit Information Bureau (India) Limited
P.O Box 17,
Millennium Business Park,
Navi Mumbai- 400710
Monday, September 21, 2009
TDS RATES APPLICABLE FROM 01.10.2009
TDS RATES APPLICABLE FROM 01.10.2009
Nature of Payment :Interest other than interest on securities Interest from Banking Company
Threshhold Limit to deduct tax: Rs.10,000/- p.a.
In case recipient is an Individual / HUF: 10 %
If the recipient is other than Individual / HUF : 20 %
Section Code :194-A
Nature of Payment :Interest other than interest on securities Interest other than from Banking Company
Threshhold Limit to deduct tax : Rs.5,000/- p.a.
In case recipient is an Individual / HUF :10%
If the recipient is other than Individual / HUF:20%
Section Code :194-C
Nature of Payment :Payment to Contractor
Threshhold Limit to deduct tax :Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year
In case recipient is an Individual / HUF:1 %
If the recipient is other than Individual / HUF :2%
Section Code:194C
Nature of Payment :Payment to Advertising Contractor / Sub Contractor
Threshhold Limit to deduct tax: Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year
In case recipient is an Individual / HUF: 1%
If the recipient is other than Individual / HUF:2%
Section Code: 194-C
Nature of Payment: Payment to transport contractor / sub contractor
Threshhold Limit to deduct tax : If PAN QuotedNIL
In case recipient is an Individual / HUF :If PAN QuotedNIL
If the recipient is other than Individual / HUF :If PAN QuotedNIL
Section Code: 194-C
Nature of Payment: Payment to transport contractor / sub contractor
Thresh hold Limit to deduct tax : If PAN Quoted NIL
In case recipient is an Individual / HUF :If PAN not quoted1%*20% from 01.04.2010
If the recipient is other than Individual / HUF : 2%*20% from 01.04.2010
Section Code : 194-H
Nature of Payment: Payment of commission or brokerage to resident
Threshhold Limit to deduct tax: Rs.2,500/- p.a.
In case recipient is an Individual / HUF: 10%
If the recipient is other than Individual / HUF: 10%
Section Code :194-I
Nature of Payment:Payment of Rent
Thresh hold Limit to deduct tax:Rs.1,20,000/- p.a.
In case recipient is an Individual / HUF: 10%*20% from 01.04.2010
If the recipient is other than Individual / HUF :*20% from 01/04/2010
Section Code :194-I
Nature of Payment: Payment of Rent for use of Plant , Machinery or Equipment
Thresh hold Limit to deduct tax:Rs.1,20,000/- p.a.
In case recipient is an Individual / HUF :2 %*20% from 01.04.2010
If the recipient is other than Individual / HUF :2 %*20% from 01.04.2010
Section Code :194-J
Nature of Payment:Payment of professional or technical services
Thresh hold Limit to deduct tax:Rs.20,000/- p.a.
In case recipient is an Individual / HUF:10%
If the recipient is other than Individual / HUF:10%
- Surcharge ,Education Cess and Health Cess is not applicable for TDS.
- w.e.f 01-10-2009, the nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/HUF transporter and 2% for other transporters up to 31-03-2010
- The Rate of TDS will be 20% in all cases, if PAN is not quoted by the deductee (including transporter) w.e.f. 01-04-2010
Thursday, September 17, 2009
Digital signature significance
Wednesday, August 26, 2009
Beware of Rs.1000 fake note series

Friday, August 21, 2009
h1n1 precautions and some key suggestions
•Swine Influenza (swine flu) is a respiratory disease of pigs caused by Type A influenza viruses that causes regular outbreaks in pigs.
•Swine flu viruses have been reported to spread from person-to-person, but in the past, this transmission was limited and not sustained beyond three people.
Is the current swine flu virus contagious?
•Various international agencies (US Centers for Disease Control & Prevention, World Health Organization) have determined that this swine influenza A (H1N1) virus is contagious and is spreading from human to human.
•WHO has escalated the world Pandemic Phase from Phase 3 to Phase 4 (in a 6-scale Phase), indicating that a worldwide pandemic due to swine flu H1N1 is possible.
What are the signs and symptoms of swine flu in people?
•The symptoms of swine flu in people are similar to the symptoms of regular human flu and include fever, cough, sore throat, body aches, headache, chills and fatigue.
•Some people have reported diarrhea and vomiting associated with swine flu. In the past, severe illness (pneumonia and respiratory failure) and deaths have been reported with swine flu infection in people.
How does swine flu spread?
•Spread of this swine influenza A (H1N1) virus is thought to be happening in the same way that seasonal flu spreads.
•Flu viruses are spread mainly from person to person through coughing or sneezing of people with influenza.
•Sometimes people may become infected by touching something with live flu viruses on it and then touching their mouth or nose.
How are human infections with swine influenza diagnosed?
•To diagnose swine influenza A infection, a respiratory specimen would generally need to be collected within the first 4 to 5 days of illness (when an infected person is most likely to be shedding virus).
•However, some persons, especially children, may shed virus for 10 days or longer.
•Identification as a swine flu influenza A virus requires sending the specimen to a hospital laboratory for testing.
How can someone with the flu infect someone else?
•Infected people may be able to infect others beginning 1 day before symptoms develop and up to 7 or more days after becoming sick.
•That means that you may be able to pass on the flu to someone else before you know you are sick, as well as while you are sick.
How long can an infected person spread swine flu to others?
•People with swine influenza virus infection should be considered potentially contagious as long as they are symptomatic and possible for up to 7 days following illness onset.
•Children, especially younger children, might potentially be contagious for longer periods.
Is there a vaccine for Pandemic Flu?
•Because the virus is new, there will be no vaccine ready to protect against pandemic flu.
•Vaccine against Swine Flu virus H1N1 needs at least 6-12 months to be produced.
•Seasonal flu vaccine or past flu immunization will not provide protection.
Are there medicines to treat swine flu?
•Yes. The US CDC recommends the use of oseltamivir (Tamiflu®) or zanamivir (Relenza®) for the treatment and/or prevention of infection with these swine influenza viruses.
•Antiviral drugs are prescription medicines (pills, liquid or an inhaler) that fight against the flu by keeping flu viruses from reproducing in your body.
•If you get sick, antiviral drugs can make your illness milder and make you feel better faster. They may also prevent serious flu complications.
What surfaces are most likely to be sources of contamination?
•The virus can be spread when a person touches something that is contaminated with the virus and then touches his or her eyes, nose, or mouth.
•Droplets from a cough or sneeze of an infected person move through the air. The virus can then be spread when a person touches respiratory droplets from another person on a surface like a desk, doorknob, child’s toy or phone handset and then touches their own eyes, mouth or nose before washing their hands
How long can viruses live outside the body?
•We know that some viruses and bacteria can live 2 hours or longer on surfaces like cafeteria tables, doorknobs, and desks.
•Frequent handwashing will help you reduce the chance of getting contamination from these common surfaces.
What can I do to protect myself from getting sick?
•Cover your nose and mouth with a tissue when you cough or sneeze. Throw the tissue in the trash after you use it.
•Wash your hands often with soap and water, especially after you cough or sneeze. Alcohol-based hand cleaners are also effective.
•Avoid touching your eyes, nose or mouth. The virus can spread this way.
•Try to avoid close contact with sick people.
•If you get sick with influenza, stay home from work or school and limit contact with others to keep from infecting them.
What is the best technique for washing my hands to avoid getting the flu?
•Washing your hands often will help protect you from germs. Wash with soap and water or clean with alcohol-based hand cleaner.
•When you wash your hands -- with soap and warm water -- that you wash for 15 to 20 seconds. When soap and water are not available, alcohol-based disposable hand wipes or gel sanitizers may be used. You can find them in most supermarkets and drugstores.
•If using gel, rub your hands until the gel is dry. The gel doesn't need water to work; the alcohol in it kills the germs on your hands.
What should I do if I get sick?
•If you live in areas where swine influenza cases have been identified and become ill with influenza-like symptoms, including fever, body aches, runny nose, sore throat, nausea, or vomiting or diarrhea, you may want to contact their health care provider, particularly if you are worried about your symptoms. Your health care provider will determine whether influenza testing or treatment is needed.
•If you are sick, you should stay home and avoid contact with other people as much as possible to keep from spreading your illness to others.
•If you become ill and experience any of the following warning signs (next 2 slides), seek emergency medical care.
In children emergency warning signs that need urgent medical attention include:
•Fast breathing or trouble breathing
•Bluish skin color
•Not drinking enough fluids
•Not waking up or not interacting
•Being so irritable that the child does not want to be held
•Flu-like symptoms improve but then return with fever and worse cough
•Fever with a rash
In adults, emergency warning signs that need urgent medical attention include:
•Difficulty breathing or shortness of breath
•Pain or pressure in the chest or abdomen
•Sudden dizziness
•Confusion
•Severe or persistent vomiting
Household Cleaning, Laundry, and Waste Disposal
•Throw away tissues and other disposable items used by the sick person in the trash. Wash your hands after touching used tissues and similar waste.
•Keep surfaces (esp bedside tables, surfaces in the bathroom, children’s toys, phone handles, doorknobs) clean by wiping them down with a household disinfectant according to directions on the product label.
•Linens, eating utensils, and dishes belonging to those who are sick do not need to be cleaned separately, but importantly these items should not be shared without washing thoroughly first.
•Wash linens (such as bed sheets and towels) by using household laundry soap and tumble dry on a hot setting. Avoid “hugging” laundry prior to washing it to prevent contaminating yourself. Clean your hands with soap and water or alcohol-based hand rub right after handling dirty laundry.
•Eating utensils should be washed either in a dishwasher or by hand with water and soap.
More Knowledge on swineflu:
What is the new influenza A (H1N1) virus that has been causing recent outbreaks globally?
The recent outbreaks of disease in people globally are caused by a new influenza (or "flu") type A (H1N1) virus. There is a human H5N1 virus circulating and causing seasonal influenza and in the past, very occasionally, H1N1 viruses from swine have infected humans. The specific type of the H1N1 virus causing illness now is new or "novel" and in the current outbreak it is clear that this virus is able to infect humans and be passed from person to person. Although part of the virus may have originated from pigs, there is no evidence that the current spread of infection is coming from that source.
How does the influenza A (H1N1) virus spread?
Spread of this new virus is thought to be happening in the same way that seasonal flu spreads. Flu viruses are spread mainly from person to person through coughing or sneezing of people with influenza. Sometimes people may become infected by touching something with flu viruses on it and then touching their mouth or nose.
What should I do to keep from getting infected by the influenza A (H1N1) virus?
First and most important: wash your hands. Try to stay in good general health. Get plenty of sleep, be physically active, manage your stress, drink plenty of fluids, and eat nutritious food. Try not touch surfaces that may be contaminated with the flu virus and avoid close contact with people who are sick.
What is a ‘pandemic’?
Influenza pandemics happen when a new human flu virus emerges and spreads rapidly across the globe because humans have no previous immunity against this virus.
Are we at risk of a pandemic?
No one can say whether or not the current situation would evolve into a severe pandemic. But whether it turns out to be a catastrophic health event or little more than a bad flu season, it is important to be prepared for the worst.
What can you do?
Prepare yourself and your family immediately for a possible pandemic. This includes gathering and storing emergency supplies and adopting habits that will reduce the chance of you or your family getting infected and spreading it to others (for example, washing hands regularly, covering nose and mouth when you sneeze or cough, and not spitting in public).What is the UN doing?UN organizations are working to educate and inform staff about the threat of a pandemic and how best to prepare for it. Departments and offices have prepared business continuity plans and decided which functions are to be considered “critical” during a pandemic. Non-critical functions may be suspended for a period. In the event of a severe pandemic, most staff will be requested to remain at home and follow the UN’s Medical Guidelines. Please also see the UN pandemic influenza website: www.un.org/staff/pandemic.
What is the difference between seasonal and pandemic influenza?
Are you At Risk?
Seasonal influenza
Everyone is at risk of getting seasonal influenza. It passes easily from person to person through droplets expelled from the nose and mouth of an infected person. These droplets can pass directly into the nose, mouth or eyes of a person who is nearby (less than 1 meter, or 3 feet, away) or indirectly when a person touches surfaces that droplets have fallen onto and then touches his or her nose, mouth or eyes before washing hands. Crowded, indoor environments may promote the chances of such transmission, which may explain the increase in respiratory infections during the winter months.
Seasonal influenza can lead to complications and even death. Most complications occur in people aged 65 years and over or in people with pre-existing medical conditions such as heart or lung disease and diabetes. Pregnant women, infants and very young children are also at increased risk of complications from influenza.The World Health Organization (WHO) estimates
that each year 3 million to 5 million people have severe cases of seasonal influenza worldwide, and 250,000 to 500,000 people die.
Pandemic Influenza
When a pandemic occurs, everyone will be at risk, not just frail or elderly people. Pandemic influenza passes from person to person just as easily and quickly as seasonal flu. But, unlike with seasonal flu, people will not be immune to this new virus, so more people will become infected. In addition, it is possible that even young and healthy people who do not normally suffer complications from seasonal flu may develop serious complications and even die in a pandemic.It is important to know, however, that the majority of people who will develop a flu-like illness in a pandemic will recover and develop immunity to the new human virus.
WHAT SHOULlD I KNOW ABOUT HUMAN INFLUENZA VIRUSES?
Things you should know about human influenza viruses:
• They spread through infected droplets from breathing passages.
• Droplets are expelled by talking, spitting, coughing, sneezing.
• The droplets spread about 1 meter (3 feet) from the infected person, either directly to other people or indirectly through hands and other surfaces.
• The viruses can live for several hours on hard surfaces, or on cloth and paper.
• If healthy people touch infected hands, doorknobs, keyboards, telephones, etc., they can infect themselves by touching mouths, noses or eyes.
• Sometimes the viruses can spread through the air.
• An infected person is most likely to spread the virus when he or she has fever and a cough.
• It is possible that an infected person will spread the virus a day before showing signs of illness.
HOW DO YOU KNOW HAVe INFLUENZA?
Seasonal Influenza:
• Fever
• Headache
• Aching muscles
• Exhaustion and feeling weak
• Loss of appetite
• Sore throat
• Runny or stuffy nose
• Dry cough
Pandemic Influenza:
While the first symptoms of pandemic influenza might be similar to seasonal flu symptoms, how the symptoms develop will depend on the nature of the specific virus. It is likely that most people will recover without needing medical attention, but the following symptoms may help you decide if you need to seek medical help:
• Shortness of breath while resting or doing very little work
• Persistent fever for 4 or 5 days
• Painful or difficult breathing
• Coughing up a lot of phlegm or bloody sputum
• Wheezing
• You are feeling better and then you develop a new fever or worsening cough with sputum
• You feel very drowsy and others have difficulty waking you up or note you seem confused or disorientated
HOW DO YOU REDUCE YOUR RISK OF CONTRACTING INFLflUENZA?
Personal HygieneThe practice of good personal hygiene is one of the most effective strategies any individual can implement to reduce their risk of being infected by the influenza virus. Important points are:• Cover the nose and mouth with the sleeve when coughing or sneezing (not with the hand, as that contaminates the hand for touching and spreading organisms further);• Use a tissue for cleaning/blowing the nose, and dispose of it after use;• Clean your hands after coughing or sneezing, using a tissue, or touching any surface that may have become contaminated by a prior user. If using a surgical mask, dispose of it carefully after use and wash hands:° Wash hands with soap and water (preferable)
or clean with alcohol-based hand cleaner;° When you wash your hands, wash for at least 20 seconds, making sure that all surfaces of hands and fingers are cleaned.• Become “touch aware”, and avoid touching surfaces that are likely to have been touched by others (door handles, stair railings, etc);
Avoid handshaking, social kissing, and other social rituals that involve touching others.
• Be careful with respiratory secretions when around other people (e.g. coughing and sneezing). If possible, avoid contact with individuals at risk (small children or those with underlying or chronic illnesses) until respiratory symptoms have resolved.
For more information on personal hygiene measures, see:
• www.cdc.gov/flu/protect/habits/index.htm
• www.cdc.gov/cleanhands/
WHAT SHOULD YOU DO TO PREPARE?
You should be prepared for the possibility that in a pandemic many supplies will be limited and mobility will be greatly reduced. Be sure to take the necessary steps to have your affairs in order and plenty of critical supplies on hand.
• Ensure ample supplies of ongoing and routine medications for self and family.
• Ensure medical insurance coverage.
• Purchase thermometers for each member of the family.
• Stockpile hygiene products, water, and food for six weeks (see pages 22-26 for a detailed list of supplies).
• Ensure passport, visa or permits are valid for staying put and for travel
• Update the emergency contact information that your organization has on file for you and your family
WHAT Is "SOCIAL DISTANCING"?
Physical distancing is a term that refers to the practice of keeping a distance of one meter (three feet) between people. Social distancing refers to measures taken by health authorities to reduce transmission of a virus in the community.
HOW DO YOU CARE FOR YOURSELF AND OTHERS?
Caring for yourself
The following are a few of the things you or those you are caring for can do to help reduce influenza symptoms. Of course, if the influenza appears to be more severe, you should consult with a medical professional immediately.
• Measure your temperature. If it is not above 38°C (100.4°F), you probably don’t have influenza.
• Rest and completely avoid rigorous exercise.
• Avoid contact with others.
• Stay at home.
• Drink plenty of fluids (a glass of water or juice every hour).
• Take paracetamol (also known as acetaminophen) to reduce fever and relieve pain. (It does not kill the virus, but it makes you feel better.)
• Gargle with warm water to ease a sore throat.
• Use saline (salt) solution nose drops to help relieve a stuffed nose.
• Keep your nose clean with disposable tissues and throw the used tissues in the garbage. Wash your hands afterwards.
• Don’t smoke.
Infection Control Measures in the Home
◆ All persons in the household should carefully follow recommendations for hand hygiene (i.e., hand washing with soap and water or use of an alcohol-based hand rub) after contact with an influenza patient or the environment in which care is provided.
◆ Although no studies have assessed the use of masks at home to decrease the spread of infection, use of surgical masks by the patient and/or caregiver during interactions may be of benefit. The wearing of gloves and gowns is not recommended for household members providing care in the home.
How do you reduce the risk of exposure during transport to work Public transport should be avoided.
Options for transport to the workplace, in order of preference from a risk perspective, are:
a) Travel alone in own vehicle : Under such circumstances, no special protective measures are required.
b) Travel alone in a rented vehicle.
• On first acquisition of the vehicle, commonly touched surfaces (door handles, driving controls,
19 What you should do if you perform a critical function
surfaces in immediate vicinity of seating) should be wiped down with a recommended disinfectant solution.
• Hands should be washed after any wipedown procedure.
c) Shared travel where passengers come within 1 meter (3 feet) of one another.
• Vehicle occupants are advised to wear a surgical mask while in the vehicle. Commonly touched surfaces (door handles, driving controls, surfaces in immediate vicinity of seating) should be wiped down with a recommended disinfectant solution before each use of the vehicle.
• All occupants should wash their hands soon after leaving the vehicle, and avoid touching their faces during transport.
• Hands should be washed after any wipe-down procedure.
What should you do if you may have been exposed?
• Monitor your health for 7 days.
• If you become ill with fever and develop a cough or difficulty breathing, or if you develop any illness during this 7-day period, consult a health-care provider.
• At first contact with your health-care provider, remember to give him the following information: ° your symptoms
° whether or not you had direct poultry contact
° where you travelled• Do not travel while sick, and limit contact with others as much as possible to help prevent the spread of any infectious illness.
Monday, August 17, 2009
who will take H1n1 blame in india?
- Official US Total:(According to CDC)
43852 cases, 477 deaths - Australia infected 29883 deaths 109
- Mexico infected 1886 deaths 1163
- United Kingdom infected12903 deaths 49
- Chile infected12104 deaths 112
- Canada infected11976 deaths 67
- Thailand infected 11585 deaths 97
- Germany infected 11493 deaths 0
Friday, August 14, 2009
Call USA and Canada for free
If you're in the US or Canada, you can use SkypeOut to call any land line or mobile number in both the USA and Canada for free but not from India.
Icall only provides free calling to USA/Canada land line and Mobile
Tuesday, August 11, 2009
H1N1 Swine flu Vaccine in bangalore
Homeopathy can prevent, cure swine flu, say homeopaths
New Delhi, Aug 8, IANS:
Saturday, August 08, 2009
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Homeopathy can both prevent and cure swine flu, sans any side effects, say doctors who practise this alternative medicine system in India where over 700 people have been diagnosed with the disease.
Amid panic over the spread of influenza A (H1N1) virus, homeopaths are now drafting a proposal for the health ministry to offer their services in tackling the crisis."Based on the symptoms, homeopathy can offer an effective cure to swine flu. Moreover, it does not have any side effects," Harcharanjeet Kaur, a homeopath at Baksons homeopathy clinic, said.Well-known Delhi-based homeopath Mukesh Batra cited the instance of the Spanish flu epidemic of 1918 in which more than 50 million people were killed worldwide. He said the mortality rate of people given allopathic treatment was 28.2 percent, while those given homeopathic treatment was 1.05 percent at that time."Gelsemium and Bryonia were the two homeopathic remedies that proved to be effective against the H1N1 strain back then. These could be of great use even today," Batra said.Explaining the way homeopathy works, Jaipur-based homeopath Manish Bhatia said this form of medicine works on the basis of symptoms and not the disease."In homeopathy, there is a concept called Genus epidemicus. This means if there is an epidemic and you take the symptoms of say 15 ailing people of an area, you will notice a common trend. Based on that you give medication - for the symptoms. This same medication then, if given to people of that area, can act as a preventive medicine," Bhatia said phone.Besides symptoms like running nose, fever, sneezing and dullness that are the same for common flu and swine flu patients, those suffering from the latter may also have gastric problems like nausea and vomiting, Bhatia said."Based on the symptoms, there may be different curative medications for different cases of swine flu. One or two of these medications will be used more frequently than the others and this can then be given to others as preventive medication," Bhatia said.So why WHO (the World Health Organisation) or the health ministry has not taken homeopathy's help in tackling the H1N1 outbreak?"WHO relies on statistical data before advising governments on tackling a disease. And there is no study on the effectiveness of homeopathy to prevent or cure swine flu. Therefore it cannot recommend homeopathy," Bhatia said."Having said that, a group of homeopathy doctors are drafting a proposal to the government to offer their services to help in dealing with swine flu cases," Bhatia said."In Brazil, the homeopathic doctors' community has collected data on the symptoms of swine flu and homeopathic treatments for symptoms and are spreading the word on its effectiveness through internet," he added.Anwar Amir, secretary general of the homeopathy post graduate association in Maharashtra, said he has written to the union health ministry and the state government's health department offering their services to deal with the swine flu crisis.More than 616 people have been detected with H1N1 virus so far in India, of which 487 have been discharged. The disease has claimed one life in India.People however should not panic. The chances of dying of swine flu are just as low as dying of common flu, homeopathic doctors said unanimously.
Thursday, August 6, 2009
H1N1 swine flu Vaccination
- Washing your hands often with soap and water, especially after you cough or sneeze. You can also use alcohol-based hand cleaners.
- Avoiding touching your eyes, nose or mouth. Germs spread this way.
- Trying to avoid close contact with sick people.
- Staying home from work or school if you are sick.
Pregnant women because they are at higher risk of complications and can potentially provide protection to infants who cannot be vaccinated;
Household contacts and caregivers for children younger than 6 months of age because younger infants are at higher risk of influenza-related complications and cannot be vaccinated. Vaccination of those in close contact with infants less than 6 months old might help protect infants by “cocooning” them from the virus;
Healthcare and emergency medical services personnel because infections among healthcare workers have been reported and this can be a potential source of infection for vulnerable patients. Also, increased absenteeism in this population could reduce healthcare system capacity;
All people from 6 months through 24 years of age Children from 6 months through 18 years of age because we have seen many cases of novel H1N1 influenza in children and they are in close contact with each other in school and day care settings, which increases the likelihood of disease spread, and Young adults 19 through 24 years of age because we have seen many cases of novel H1N1 influenza in these healthy young adults and they often live, work, and study in close proximity, and they are a frequently mobile population; and,Persons aged 25 through 64 years who have health conditions associated with higher risk of medical complications from influenza.
Saturday, August 1, 2009
New secure code rule for all credit cards
Here’s a quick list of banks and financial institutions -
Punjab National Bank
Register using your credit card number ,date of birth details and secure your card from being misused in online transactions.This is a very good move from RBI as it will safeguard your credit card misuse and head ache from fighting with credit card banks to dispute the charges.
What can I do if my pan mid name,sur name doesnot match?
Thursday, July 30, 2009
can I file my return after july 31?,
The last date of filing Income tax return was 31st July 2009 for financial year 2008-09. (individual not business income whose account has been audited.). But nothing to worry you can file it up to 31st march 2010 without any penalty.You can deposit/file your return without any penal interest and penalty up to 31st march 2010.
Tuesday, July 21, 2009
Return filed under section
11 - u/s 139(1)
12 - u/s 139(4)
13 - u/s 142(1)
14 - u/s 148
15 - u/s 153A
which one to choose and what they mean?
11 - u/s 139(1): Voluntarily before the due date (This is the one you need to choose now)
12 - u/s 139(4):Voluntarily after the due date
13 - u/s 142(1): In response to notice under section 142(1)
14 - u/s 148 : In response to notice under section 148 14
15 - u/s 153A:In response to notice under section 153A 15
Wednesday, July 15, 2009
tax filing for 2009
Return preparation software in Excel format has now been released for ITRs 1, 2, 3,and 4. This may be used for preparation of E-Return for AY 2009-10. The uploading of E-Returns for AY 2009-10 will be enabled shortly. Please ensure that you verify TDS/ TCS and Advance tax or Self Assessment Tax Payments using 26 AS form available on NSDL website. The same has also been sent to your email id as given in the E-Return filed for AY 2008-09. In case any entry is missing, please contact the Deductor or Bank as the case may be and intimate your PAN for correction. You may not get credit for TDS / TCS or Tax payment entries that are not available and matching with the database available with the Department.
Every new user has to register in website in order to avail the e-Filing facility. After completing the registration process and logging in, the user may download the software tools either from the download section or can use the following link to download. Based on all the relevant information the required ITR Form should be filled using the software provided. The software would generate the XML format of the return which should be uploaded on this website. On successful transmission of the return a receipt will be generated in the form of a provisional acknowledgement.
Which ITR forms to file and software to download?
For Individual Individual, HUF
ITR-1 Source of Income (This majority of salaried class will use)
Income from Salary/Pension
Income from Other Sources (only Interest Income or Family Pension)
ITR-1 Excel utility to download for free (Right click and open new Window)
ITR-2 Source of Income
Income from Salary/Pension
Income from Other Sources (only Interest Income or Family Pension)
Income/Loss from Other Sources
Income/Loss from House Property
ITR-2 Excel utility to download for free (Right click and open new Window)
ITR-3 Source of Income
Income from Salary/Pension
Income from Other Sources (only Interest Income or Family Pension)
Income/Loss from Other Sources
Income/Loss from House Property
Capital Gains/Loss on sale of investments/property
Partner in a Partnership Firm
ITR-3 Excel utility to download for free (Right click and open new Window)
ITR-4 Source of Income
Income from Salary/Pension
Income from Other Sources (only Interest Income or Family Pension)
Income/Loss from Other Sources
Income/Loss from House Property
Capital Gains/Loss on sale of investments/property
Partner in a Partnership Firm
Income from Proprietary Business/Profession
ITR-4 Excel utility to download for free (Right click and open new Window)
Based on all the relevant information the required ITR Form should be filled using the software provided. The software would generate the XML format of the return which should be uploaded on this website. On successful transmission of the return a receipt will be generated in the form of a provisional acknowledgement.
If you have already e-filed last year one can use the same user name and password or else they can opt for forgot password to reset the same.
Steps to file return:
Select appropriate type of Return Form
Download Return Preparation Software for selected Return Form.
Fill your return offline and generate a XML file.
Go to Income Tax Department website.
Register and create a user id/password or log in using your existing user name and password
Log in and click on relevant form on left panel and select "Submit Return"
Browse to select XML file and click on "Upload" button
On successful upload acknowledgement details would be displayed. Click on "Print" to generate printout of acknowledgement/ITR-V Form.
In case the return is not digitally signed, on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers.
This is an acknowledgement cum verification form. The tax payer has to fill-up the verification part and verify the same.
If some one looking for procuring digital signature for online filing purpose visit
http://digitalsignaturebangalore.blogspot.com/
What is the password to open ITR-V?
This is very simple your pan number in lower case followed by your full date of birth.
for example Ajfpk3398g25011985 (pan + DD/MM/YYYY)
Once ITR-V is received in your mail id the same need to be sent to
The Income Tax Department ,
CPC, Post Bag No - 1,
Electronic City Post Office,
Bangalore - 560100, Karnataka,
BY ORDINARY POST ONLY within thirty days after the date of transmitting the data electronically.
ITR-V sent by Speed post, Registered Post or Courier will not be accepted.No Form ITR-V shall be received in any other office of the Income-tax Department or in any other manner.
Tuesday, July 14, 2009
Earth Quake and Tsunami Predicted on 22 July 2009

Quake and Tsunami Predicted on July 22 2009
Hello there. I just wanted to let you know that please stay away from the beaches all around inthe month of July. There is a prediction that there will be another tsunami or earthquakehitting on 22 July 2009. It is also when there will be sun eclipse. Predicted that it is going to bereally bad and countries like Malaysia (Sabah & Sarawak), Singapore, Maldives, Australia,Mauritius, Sri Lanka, India, Indonesia, Philippines are going to be badly hit. Please try and stayaway from the beaches in July. Better to be safe than sorry. Please pass the word around.Please also pray for all beings.Quake and Tsunami Predicted 22 July 2009
2. Cause the tide to rise more than usual
3. Cause an underground molten magma tide to dip and raise the plates following the water tide.
Sun and Moon are together on one side of the planet, they pull together and lift up the earth's tectonic plate, just beneath the eclipse. This causes the plate to shift upward, and then an earth quake when the lifted plate gets the little extra push (lift) it needed to move over its neighboring plate. The theory may be hair brained, or it might actually have some pull to it. (pun intended) I'd like to do a simulator game to find out.

Monday, July 6, 2009
250 + Openings with JP Morgan chase - Bangalore Position
Many IT employees in India are facing lay-offs but here is a good news for them. JP Morgan chase bangalore has 250 plus postion open in different skills sets. The skill set required includes MAINFRAME (COBOL, CICS, DB2),JAVA/J2EE,DBA,COGNOS,INFORMATICA etc..
If anyone is interested then please forward your resume to atish.x.chavan@ jpmorgan. com
More details on job refe to the attachement Open in new window
Friday, July 3, 2009
How to find what is the designation of assessing officer (Ward/ Circle)
One can find their assessing officer using the following link
http://www.incometaxbangalore.org/jurisdiction/jurisdiction.htm
Wednesday, July 1, 2009
NO Unique Transaction Number needed for filing tax for 2009
New Delhi dated 30th June 2009
The Central Board of Direct Taxes have further decided that the Notification No. 31 of 2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962 shall be kept in abeyance for the time being.
Taxpayers filing their income tax returns for assessment year (AY) 2009-10, or any other earlier AY, may continue to file their returns without mentioning the Unique Transaction Number (UTN) as required under the said Notification. The filing of such returns shall be treated as valid and in compliance to the requirements under section 139 of the Income Tax Act, 1961.
Further, the date from which the Notification No. 31 / 2009 shall become applicable on tax deducted at source (TDS) or tax collected at source (TCS) and deposited during the current financial year shall be notified by the Central Board of Direct Taxes subsequently.
All deductors / collectors of TDS / TCS may continue to deposit their TDS / TCS and file their quarterly TDS / TCS returns as per procedure existing prior to issuance of Notification No.31 / 2009 dated 25.3.2009.
If some one looking for procuring digital signature for online filing purpose visit
http://digitalsignaturebangalore.blogspot.com/
Wednesday, June 24, 2009
I-T department news on 'Unique Transaction Number' for TDS assesses
Tuesday, June 23, 2009
New mediclaim policy from Met life
Met life India has launched one of the best and unique Health care plan for every one. Met Health care is a health insurance plan. Now a days health care expenses are unbearable by an individual if he plans to finance the same by himself. As per the survey Coverage of health insurance is limited to only about 5% of the population Out of which, only 10% have an individual health insurance policy. The remaining are covered by various employer schemes as well as government led schemes.
So what is needed is a plan with a simple benefit structure covering all expenses,A plan where the customer can easily ascertain what can be claimed,A plan where the customer is not tied in to network hospitals alone,A single plan which provides for multiple coverages plan which can cover the whole family,A plan which not only pays when you are in hospital but also pays in case you don’t use the policy,A plan which assures long term cover,A plan which has a hassle free entry process,And most important, a plan which has a simple process for making claims AND GUARANTEES THE PAYMENT OF THE CHOSEN HCB.
What Met health care plan will offer:
Daily Hospitalization Cash Benefit (Ranging between Rs.1000 to Rs.5000 Per day), Daily ICU Cash Benefit Recuperation Benefit Critical Illness Benefit Accidental Total & Permanent Disability Benefit
Interestingly no medical check-up needed for the person for taking-up this policy. The coverage of the policy is up to the age of 55. It is a family policy where in one policy covers the whole family.
- For each year claim free year, a 10% No Claim Discount is provided on the initial premium.
- Up to a maximum of 50% No Claim Discount can be accumulated.
- On the occurrence of claim, the NCD will be set to zero.
- A customer can start accumulating the NCD again thereafter.
- NCD will be applicable even if the premium has been reset.
- Tax benefit up to Rs.15000.00 under section 80D
- This policy if for the whole Family which is defined as Husband, wife and 2 kids
How much I need to pay:
Premium will start with as least as Rs.3687 per year for an age group of 26 to 30 and for a sum assured of Rs. 1,00,000.00 for 10 critical illnesses including 1.Heart Attack 2.Surgery to coronary arteries 3.Heart Valve Replacement 4.Stroke 5.Kidney Failure 6.Paralysis 7.Cancer 8.Major Organ Transplant 9.Blindness 10.Aorta Surgery
Interested to know more contact cosmicsanthosh@gmail.com or call 9902977233.
Tuesday, June 9, 2009
How to Register LLP (Limited liability partnership) in india
How to Incorporate a New Limited Liability Partnership
A Limited Liability Partnership may be incorporated as per the procedure
explained below:
User Registration
Register yourself on the website of Ministry of Corporate Affairs, developed for LLP services, i.e. http://www.llp.gov.in/ . This website may also be accessed through the website of the ministry http://www.mca.gov.in/ On the home page of the URL http://www.llp.gov.in/ click “Register” tab on top right hand corner of the page.
Fill in the registration form. Fields marked * in the form are to be mandatorily filled. Select your user name and password.
Upload digital signature certificate
On successful registration, system will give a message that you have been
registered successfully.Obtain Designated Partners Identification Number (DPIN).
All designated partners of the proposed LLP shall obtain “Designated Partner Identification Number (DPIN)” by filing an application individually online in Form -7.
For obtaining DPIN kindly log in by clicking on the “Login” tab on top right corner of the home page, enter your user name and password. After login,click on the E-forms link. List of e-forms will open. Click and open Form 7.
Fill up “Form 7” for allotment of DPIN
Pay filing fee of Rs.100 online through credit card (master/visa)
Submit the application form online. The system will generate a provisional DPIN. Kindly note it carefully
Take the print out of the application form, affix a latest passport size photograph and get it attested/certified for submission physically along with documentary evidences for proof of identify and proof of residence with the Registrar LLP.
For more details see Instruction Kit provided on the home page under “Users Guide” tab.
Digital Signature Certificate
Partner/Designated partner of LLP/proposed LLP, whose signatures are to be affixed on the e-forms has to obtain class 2 or class 3 Digital Signature Certificate (DSC) from any authorized certifying agency, details of which are available on the home page of the llp portal under the tab “Certifying Authorities”.
Reservation of name : How to book your LLP name?
Log on to the LLP portal by clicking the “log in” tab on the top right corner of the homepage and enter your username and password. After login, click “EForms”
link.
Open Form-1 for reservation of name and fill in the details. Select name of
the proposed LLP (upto 6 choices can be indicated).
Any partner or designated partner in the proposed LLP may submit Form-1.
Append digital signatures and submit the e-form
Pay the necessary fee by credit card (master/visa).
Free name search facility (of existing companies / LLPs) is available on MCA portal (hyper link available on LLP portal).The system will provide the list of similar/closely resembling names of existing companies/LLPs based on the search criteria filled up.
Details of minimum two designated partners of the proposed LLP, one of them must be a resident of India, is required to be filled in the application for reservation of name. Only individuals or nominees on behalf of the bodies corporate as partners can act as designated partners.
Guide” tab.Incorporation of LLP
On submission of complete documents the Registrar after satisfying himself about compliance with relevant provisions of the LLP Act will register the LLP, maximum within 14 days of filing of Form-2 and will issue a certificate of incorporation in Form-16.
You can check status of your application by logging on to the portal
Filing of LLP agreement (Form-3) and Partners’ details (Form-4)
Wednesday, June 3, 2009
Get money to receive messages on your mobile
Click Here
Click here
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Friday, May 29, 2009
Bruhath Bangalore Mahanagara palike top contact email id
Sl.No Designation Mail ID
Friday, May 22, 2009
How inflation is calculated in india? Does it has any significance?
Inflation is an increase in the price of a basket of goods and services that is representative of the economy as a whole. Inflation is an upward movement in the average level of prices. Its opposite is deflation, a downward movement in the average level of prices. The boundary between inflation and deflation is price stability.
inflation is caused by a combination of four factors:
- The supply of money goes up.
- The supply of other goods goes down.
- Demand for money goes down.
- Demand for other goods goes up.
How it will be calculated in India?
Wholesale Price Index (WPI)
WPI was first published in 1902, and was one of the more economic indicators available to policy makers until it was replaced by most developed countries by the Consumer Price Index in the 1970s.WPI is the index that is used to measure the change in the average price level of goods traded in wholesale market. In India, a total of 435 commodities data on price level is tracked through WPI which is an indicator of movement in prices of commodities in all trade and transactions. It is also the price index which is available on a weekly basis with the shortest possible time lag only two weeks. The Indian government has taken WPI as an indicator of the rate of inflation in the economy.
CPI is a statistical time-series measure of a weighted average of prices of a specified set of goods and services purchased by consumers. It is a price index that tracks the prices of a specified basket of consumer goods and services, providing a measure of inflation.
Economists Shunmugam and Prasad say it is high time that India abandoned WPI and adopted CPI to calculate inflation.
India is the only major country that uses a wholesale index to measure inflation. Most countries use the CPI as a measure of inflation, as this actually measures the increase in price that a consumer will ultimately have to pay for.
First of all, they say, in India, there are four different types of CPI indices, and that makes switching over to the Index from WPI fairly 'risky and unwieldy.' The four CPI series are: CPI Industrial Workers; CPI Urban Non-Manual Employees; CPI Agricultural labourers; and CPI Rural labour.
Secondly, officials say the CPI cannot be used in India because there is too much of a lag in reporting CPI numbers.
Tuesday, May 19, 2009
Indian income tax return filing for free for 2009
Return preparation software in Excel format has now been released for ITRs 1, 2, 3,and 4. This may be used for preparation of E-Return for AY 2009-10. The uploading of E-Returns for AY 2009-10 will be enabled shortly. Please ensure that you verify TDS/ TCS and Advance tax or Self Assessment Tax Payments using 26 AS form available on NSDL website. The same has also been sent to your email id as given in the E-Return filed for AY 2008-09. In case any entry is missing, please contact the Deductor or Bank as the case may be and intimate your PAN for correction. You may not get credit for TDS / TCS or Tax payment entries that are not available and matching with the database available with the Department.
Which ITR forms to file and software to download?
For Individual Individual, HUF
ITR-1 Source of Income (This majority of salaried class will use)
- Income from Salary/Pension
- Income from Other Sources (only Interest Income or Family Pension)
ITR-1 Excel utility to download for free (Right click and open new Window)
ITR-2 Source of Income
- Income from Salary/Pension
- Income from Other Sources (only Interest Income or Family Pension)
- Income/Loss from Other Sources
- Income/Loss from House Property
ITR-2 Excel utility to download for free (Right click and open new Window)
ITR-3 Source of Income
- Income from Salary/Pension
- Income from Other Sources (only Interest Income or Family Pension)
- Income/Loss from Other Sources
- Income/Loss from House Property
- Capital Gains/Loss on sale of investments/property
- Partner in a Partnership Firm
ITR-3 Excel utility to download for free (Right click and open new Window)
ITR-4 Source of Income
- Income from Salary/Pension
- Income from Other Sources (only Interest Income or Family Pension)
- Income/Loss from Other Sources
- Income/Loss from House Property
- Capital Gains/Loss on sale of investments/property
- Partner in a Partnership Firm
- Income from Proprietary Business/Profession
ITR-4 Excel utility to download for free (Right click and open new Window)
Based on all the relevant information the required ITR Form should be filled using the software provided. The software would generate the XML format of the return which should be uploaded on this website. On successful transmission of the return a receipt will be generated in the form of a provisional acknowledgement.
If you have already e-filed last year one can use the same user name and password or else they can opt for forgot password to reset the same.
Steps to file return:
- Select appropriate type of Return Form
- Download Return Preparation Software for selected Return Form.
- Fill your return offline and generate a XML file.
- Go to Income Tax Department website.
- Register and create a user id/password or log in using your existing user name and password
- Log in and click on relevant form on left panel and select "Submit Return"
- Browse to select XML file and click on "Upload" button
- On successful upload acknowledgement details would be displayed. Click on "Print" to generate printout of acknowledgement/ITR-V Form.
- In case the return is digitally signed, on generation of "Acknowledgement" the Return Filing process gets completed.
- You may take a printout of the Acknowledgement for your record.
- In case the return is not digitally signed, on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers.
This is an acknowledgement cum verification form. The tax payer has to fill-up the verification part and verify the same.
If some one looking for procuring digital signature for online filing purpose visit
http://digitalsignaturebangalore.info
What is the password to open ITR-V?
This is very simple your pan number in lower case followed by your full date of birth.
for example Ajfpk3398g25011985 (pan + DD/MM/YYYY)
Once ITR-V is received in your mail id the same need to be sent to
The Income Tax Department ,
CPC, Post Bag No - 1,
Electronic City Post Office,
Bangalore - 560100, Karnataka,
BY ORDINARY POST ONLY within thirty days after the date of transmitting the data electronically.
ITR-V sent by Speed post, Registered Post or Courier will not be accepted.No Form ITR-V shall be received in any other office of the Income-tax Department or in any other manner.
Thursday, May 14, 2009
Indian income tax return filing for free
The Final Schema for Eiling for AY 2009-10 has been released and can be downloaded from the advanced users page.
E-filing of Income tax returns for AY 2009-10 will be enabled shortly.
Details of Tax payment and TDS (26AS Form) for AY 2009-10 lying to your credit with the Department will be sent to your email address.
Friday, May 8, 2009
PUC-2009 Results will be annnounced on 09/05/2009 Afternoon !!!
Karnataka PUC Results will be available online on www.puc.kar.nic.in when declared. Visit Karnataka Pre University Education Board website www.pue.kar.nic.in for result notification.
Once also find result in the following links:
http://karresults.nic.in
www.karresults.nic.in
SSLC result in the following link http://karresults.nic.in/sslcresult2009.htm
Sunday, May 3, 2009
Intuit QuickBooks Certified User Program from India
Intuit is pleased to announce the official QuickBooks Certified User Program.
The QuickBooks Certified User Program is a Web-based certification program designed for people who use QuickBooks in their day-to-day job, including bookkeepers, office managers and owners. The program is intended to broaden, deepen and verify users' knowledge of QuickBooks Financial Software (Pro, Premier editions and Enterprise editions) through training and testing.
Benefits of the program:
Sharpen and expand your current QuickBooks and bookkeeping skills
Save time and increase efficiency by incorporating tips and tricks into your daily work
Demonstrate your QuickBooks capabilities to current and future employers
Receive a professional-looking certificate of completion
If one looking for help in getting trained and get certified as Quickbooks user just you need to pay $49.95 and attend the training conducted by cosmic IT services in india (Cosmic has been providing corporate and individuals QuickBooks training for over 5 years. Our philosophy is to provide "Quality training at affordable rates". Cosmic unlike any other training institute provides you with hands on experience.)
for more detials login to www.quickbooksindia.blogspot.com
Topics & Exams
The comprehensive QuickBooks training consists of three sections. Each section includes several modules followed by an exam at the end of each section. The training is specifically designed to cover the topics you will be tested on. The exam is designed to test a broad range of QuickBooks skills, key tasks and work processes. Below is an outline of the key topics covered in the training and exams.
Topics covered in each section of Qb user certification:
Section 1: Essentials for the QuickBooks User
Module 1: Creating a New Data File and Entering Historical Transactions
Module 2: Lists
Module 3: Chart of Accounts and Financial Statements
Module 4: Items
Exam: Section 1
Section 2: Day to Day Transactions
Module 1: Customers, Sales and Receivables
Module 2: Vendors, Expenses and Payables
Module 3: Payroll and Time Tracking
Exam: Section 2
Section 3: Special Topics for QuickBooks User
Module 1: Reporting
Module 2: Customizing QuickBooks and Saving Time
Module 3: Security & Multi-User
Module 4: File Utilities
Module 5: Working With Accountants
Exam: Section 3
Sample test questions:
QST.1. How do you remove transactions from a company file without deleting existing lists, preference, and service subscriptions?
a. Click the Company menu and select Clean > Company Data
b. Click the File menu and select Utilities>Clean up Company Data from the menu. Then, choose the Remove All Transactions option
c. Click the File menu and select utilities > Purge Data from the menu
d. Click the Edit menu and select Delete All Transactions
Ans: B
QST.2. Which is the correct method to adjust sales taxes due?
a. Click the Vendors menu and select Sales Tax > Adjust Sales Tax Due
b. Click the Banking menu and select Pay Sales Tax with Adjustment
c. Click the Company menu and select Make General Journal Entries
d. Open the Sales Tax Payable account register and edit the ending balance
Ans: A
More details check www.quickbooksindia.blogspot.com to know the running training programme.
Thursday, April 30, 2009
New pension scheme launched for every one.....
NEW DELHI (Reuters) - The government will launch a new pension scheme for all private sector employees and self-employed persons from May 1 that will allow investment of 50 percent of funds in stock markets, an official said on Thursday.
"The new pension scheme for private sector employees is launched from tomorrow," Meena Chaturvedi, Executive Director, Pension Fund Regulatory and Development Authority (PFRDA) told Reuters.
The scheme, which was earlier scheduled to be launched from April 1, was deferred in view of the Model Code of Conduct for Elections in the country.
In February, the PFRDA shortlisted six fund managers - subsidiaries of Reliance Capital, UTI, State Bank of India, IDFC, ICICI Prudential Life Insurance and Kotak Mahindra Bank for the new scheme.
An expert panel headed by HDFC Chairman Deepak Parekh, had recommended that the scheme should give investors the option to invest entirely in equity funds.
The panel, constituted by PFRDA, also recommended that other options could include a combination of investment in government bonds, bank deposits, liquid mutual funds, corporate bonds and index funds.
PFRDA has, however, reduced the limit of pension fund investment in stock markets to 50 percent. The subscribers will now have the option to invest half of their savings in an index fund comprising of country's main indices.
They can also invest 100 percent of funds in central and state government bonds or selective mutual funds and fixed bank deposits.
Who will monitor this pension plan?
PFRDA was established by Government of India on 23rd August, 2003. The PFRDA Bill, 2005 is awaiting approval of Parliament. Pending passage of the Bill, the Government has, through an executive order dated 10th October 2003, mandated PFRDA to act as a regulator for the pension sector. The mandate of PFRDA is development and regulation of pension sector in India.
What is the administrative charges for maininting my funds?
The fund will be managed by six fund managers, appointed by the government at annual fees of 0.0009% of the invested amount, which is less than 1 paisa per Rs 100. The fund managers appointed by the PFRDA are SBI, UTI Asset Management, ICICI Prudential Life Insurance, Reliance Mutual Fund, IDFC Mutual Fund and Kotak Mahindra.
Where can I open my pension account?
Click here
To open a pension account, you will have to approach the branches of any of the 22 ‘point of presence’ (POP) service providers selected by the authority. These include the SBI and all its seven subsidiaries as well as ICICI Bank and Punjab National Bank. PFRDA chairman D Swarup said that to start with, there would be around 300 POPs in the country, which will soon be ramped up to more than 10,000.
The investor’s account will be kept by a recordkeeping agency appointed by the PFRDA. However, the investor will need to interact only with the POP, where he can deposit his annual/monthly contribution. The scheme gives the investor the option of shifting from one fund manager to another merely by instructing his POP to do so. The POP will convey the same to the record-keeping agency, which will shift the fund to the new fund manager, selected by the investor.
More details
Source: Times of india and PFRDA website
Tuesday, April 28, 2009
Outbreak of Swine influenza in Mexico caution in USA
People who work with poultry and swine, especially people with intense exposures, are at risk of infection from these animals if the animals carry a strain that is also able to infect humans. SIV can mutate into a form that allows it to pass from human to human. The strain responsible for the 2009 swine flu outbreak is believed to have undergone this mutation.
In humans, the symptoms of swine flu are similar to those of influenza and of influenza-like illness in general.
The Swine Flu epidemic has reached the United States. This new mutated strand of influenza starts as a normal flu, then turns people into pigs.
As of April 27, 2009, the Government of Mexico has reported 18 laboratory confirmed human cases of swine influenza A/H1N1 infection.
Mexican Health Minister Jose Angel Cordova raised the probable death toll from the new multi-strain swine flu in Mexico to 81, including 20 already confirmed.
Eight New York City school children have been infected. The first symptoms were noticed when the children ate their lunch by diving face first into their plates. This tipped off school officials who reported the children to the CDC.
Precautions against Swine flu:
1.This includes frequent washing of hands with soap and water or with alcohol-based hand sanitizers
2.Avoid touching mouth, nose or eyes with their hands unless they've washed their hands.
3.If One wish to cough, they should either cough into a tissue and throw it in the garbage immediately, cough into their elbow.
4.Vaccines that are effective against the current strain are being developed.
5.Cover your mouth and nose with a tissue when you cough or sneeze and put your used tissue in a wastebasket.
6.Try to avoid close contact with sick people. (Influenza is thought to spread mainly person-to-person through coughing or sneezing of infected people.)
7.If you are ill with fever and other symptoms of swine flu such as cough and sore throat, see a doctor, especially if you think you may have had contact with someone with swine flu or severe respiratory illness in the past 7 days before becoming ill.
8.Try to limit contact with others as much as possible. By limiting your contact with other people, you can help prevent the spread of swine flu.
9.Avoid leaving your home while sick except to get local medical care, or as instructed by your doctor. Do not go to work or school while you are ill. If you must leave your home (for example, to seek medical care) wear a surgical mask to keep from spreading your illness to others.
10.Wear a surgical mask if you are in contact with other people
At this time, CDC recommends that U.S. travelers avoid all nonessential travel to Mexico. Changes to this recommendation will be posted at http://wwwn.cdc.gov/travel/
Wednesday, April 22, 2009
Know your candidate before voting
Look into this web page for more details on the candidates contesting all over India
www.myneta.info
Let us ensure that the right candidate is chosen this time from each Constituency.
Vote Responsibly!!!!
Changes in Professional tax slab in karnataka
There is a very good news for salaried class in Karnataka... they neednot have to pay professional tax upto 10000.00 with effect from 1st of April 2009
Effective from 1st April 2009, professional tax slabs has been revised in Karnataka, I would like to share the details.
W.E.F.1-04-2009, Employees drawing salary upto Rs9,999/-Per Month are exempted from payment of Professional Tax.The existing slab w.e.f.1-04-2009 is as below:
1.Rs10,000.00/-to Rs14,999/--Rs150/-
2.Rs.15,000/- and above Rs200/-
See revised PT notification
Free tax filing help???
Looking for Digital signature with E-token?
Friday, April 17, 2009
Schedule of IPL
Indian Premier League's origin is quite interesting. It all started when Lalit Modi, the Vice President of the Board of Cricket Control in India (BCCI) envisioned the Indian Premier League. It is created along the lines of club football in Europe, specifically the English Premier League. IPL has been launched in response to the rebel Indian Cricket League (ICL) launched by Zee Group.
What ths schedule of IPL?
Following is the Indian Premier League's (IPL) second season match schedule beginning April 18. The timings of all the matches are according to the Indian Standard Time (IST).
Date Teams Venue ime
Saturday,18-Apr-09 Mumbai Indians v Chennai Superkings Cape Town 4 p.m. to 7 p.m.
Saturday,18-Apr-09 Rajasthan Royals v Royal Bangalore Challengers Cape Town 8 p.m. to 11 p.m. or will start the later of45 minutes stumps on the first game
unday,19-Apr-09 Delhi Daredevils v Kings Punjab XI Cape Town 4 p.m. to 7p.m.
Sunday,19-Apr-09 Deccan Chargers v Kolkata Knight Riders Cape Town 8 p.
m. to 11 p.m. or will start the later of45 minutes on the first game stumps
Monday,20-Apr-09 Chennai Superkings v Royal Bangalore Challengers Port Elizabeth 8 p.m. to 11 p.m.
Tuesday,21-Apr-09 Kings Punjab XI v Kolkata Knight Riders Durban 4 p.m. to 7 p.m.
Tuesday,21-Apr-09 Rajasthan Royals v Mumbai Indians Durban 8 p.m. to 11 p.m. or will start the later of45 minutes after stumps on the first game
Wednesday,22-Apr-09 Royal Bangalore Challengers v Deccan Chargers Cape Town 8 p.m. to 11p.m.
Thursday,23-Apr-09 Chennai Superkings v Delhi Daredevils Durban 4 p.m. to 7 p.m.
Thursday,23-Apr-09 Kolkata Knight Riders v Rajasthan Royals Cape Town 8:15 p.m. to 11:15 p.m.
Friday,24-Apr-09 Royal Bangalore Challengers v Kings Punjab XI Durban 8 p.m. to 11 p.m.
Saturday,25-Apr-09 Mumbai Indians v Deccan Chargers Durban 4 p.m. to 7 p.m.
Saturday,25-Apr-09 Chennai Superkings v Kolkata Knight Riders Cape Town 8:15 p.m. to 11:15 p.m.
Sunday,26-Apr-09 Royal Bangalore Challengers v Delhi Daredevils Port Elizabeth 4 p.m. to 7 p.m.
Sunday,26-Apr-09 Kings Punjab XI v Rajasthan Royals Cape Town8:15 p.m. to 11:15 p.m.
Monday,27-Apr-09 Deccan Chargers v Chennai Superkings Durban 4 p.m. to 7 p.m.
Monday,27-Apr-09 Kolkata Knight Riders v Mumbai Indians Port Elizabeth 8:15 p.m. to 11:15 p.m.
Tuesday,28-Apr-09 Delhi Daredevils v Rajasthan Royals Pretoria 8 p.m. to 11 p.m.
Wednesday,29-Apr-09 Kolkata Knight Riders v Royal Bangalore Challengers Durban4 p.m. to 7 p.m.
Wednesday,29-Apr-09 Kings Punjab XI v Mumbai Indians Durban 8 p.m. to 11 p.m. or will start the later of45 minutes after stumps on the first game
Thursday,30-Apr-09 Deccan Chargers v Delhi Daredevils Pretoria 4 p.m. to 7 p.m.
Thursday,30-Apr-09 Rajasthan Royals v Chennai Superkings Pretoria 8 p.m. to 11 p.m. or will start the later of 45 minutes after stumps on the first game
Friday,1-May-09 Mumbai Indians v Kolkata Knight Riders East London4 p.m. to 7 p.m.
Friday,1-May-09 Kings Punjab XI Royal Bangalore Challengers Durban8:15 p.m. to 11:15 p.m.
Saturday,2-May-09 Deccan Chargers v Rajasthan Royals Port Elizabeth4 p.m. to 7 p.m.
Saturday,2-May-09 Delhi Daredevils v Chennai Superkings Johannesburg 8:15 p.m. to 11:15 p.m.
Sunday,3-May-09 Kolkata Knight Riders v Kings Punjab XI Port Elizabeth 4 p.m. to 7 p.m.
Sunday,3-May-09 Royal Bangalore Challengers v Mumbai Indians Johannesburg 8:15 p.m. to 11:15 p.m.
Monday,4-May-09 Chennai Superkings v Deccan Chargers East London 8 p.m. to 11 p.m.
Tuesday,5-May-09 Rajasthan Royals v Kings Punjab XIDurban4 p.m. to 7 p.m.
Tuesday5-May-09 Delhi Daredevils v Kolkata Knight Riders Durban 8 p.m. to 11 p.m. or will start the later of45 minutes after stumps on the first game
Wednesday,6-May-09 Deccan Chargers v Mumbai Indians Pretoria 8 p.m.to 11 p.m.
Thursday,7-May-09 Royal Bangalore Challengers v Rajasthan Royals Pretoria 4 p.m. to 7 p.m.
Thursday,7-May-09 Kings Punjab XI v Chennai Superkings Pretoria 8 p.m. to 11 p.m. or will start the later of45 minutes after stumps on the first game
Friday,8-May-09 Delhi Daredevils v Mumbai Indians East London 8 p.m. to 11 p.m.
Saturday,9-May-09 Deccan Chargers v Kings Punjab XIKimberley 4 p.m. to 7 p.m.
Saturday,9-May-09 Chennai Superkings v Rajasthan Royals Kimberley 8 p.m. to 11p.m. or will start the later of 45 minutes after stumps on the first game
Sunday,10-May-09 Mumbai Indians v Royal Bangalore Challengers Port Elizabeth 4 p.m. to 7 p.m.
Sunday,10-May-09 Kolkata Knight Riders v Delhi Daredevils Johannesburg 8:15 p.m. to 11:15 p.m.
Monday,11-May-09 Rajasthan Royals v Deccan Chargers Kimberley 8 p.m. to 11 p.m.
Tuesday12-May-09 Royal Bangalore Challengers v Kolkata Knight Riders Pretoria 4 p.m. to 7 p.m.
Tuesday,12-May-09 Mumbai Indians v Kings Punjab XI Pretoria8 p.m. to 11 p.m. or will start the later of 45 minutes after stumps on the first game
Wednesday,13-May-09 Delhi Daredevils v Deccan Chargers Durban 8 p.m. to 11 p.m.
Thursday,14-May-09 Royal Bangalore Challengers v Chennai Superkings Durban 4 p.m. to 7 p.m.
Thursday,14-May-09 Mumbai Indians v Rajasthan Royals Durban 8 p.m. to 11 p.m. or will start the later of45 minutes after stumps on the first game
Friday,15-May-09 Kings Punjab XI v Delhi Daredevils Bloemfontein 8 p.m. to 11 p.m.
Saturday,16-May-09 Chennai Superkings v Mumbai Indians Port Elizabeth 4 p.m. to 7 p.m.
Saturday,16-May-09 Kolkata Knight Riders v Deccan Chargers Johannesburg 8:15 p.m. to 11:15 p.m.
Sunday,17-May-09 Kings Punjab XI v Deccan ChargersJohannesburg4 p.m. to 7 p.m.
Sunday,17-May-09 Rajasthan Royals v Delhi Daredevils Bloemfontein 8:15 p.m. to 11:15 p.m.
Monday,18-May-09 Kolkata Knight Riders v Chennai Superkings Pretoria 8 p.m. to 11 p.m.
Tuesday,19-May-09 Delhi Daredevils v Royal Bangalore Challenger Johannesburg 8 p.m. to 11 p.m.
Wednesday,20-May-09 Rajasthan Royals v Kolkata Knight Riders Durban 4 p.m.to 7 p.m.
Wednesday,20-May-09 Chennai Superkings v Kings Punjab XI Durban 8 p.m. to 11 p.m. or will start the later of 45 after stumps on the first game
Thursday,21-May-09 Mumbai Indians v Delhi Daredevils Pretoria4 p.m. to 7 p.m.
Thursday,21-May-09 Deccan Chargers v Royal Bangalore Challengers Pretoria 8 p.m. to 11 p.m. or will start the later of 45 minutes after stumps on the first game
Friday,22-May-09 Semi Final 1 Pretoria 8 p.m. to 11 p.m.
Saturday,23-May-09 Semi Final 2 Johannesburg 8 p.m. to 11 p.m.
Sunday,24-May-09 FINAL Johannesburg 8 p.m. to 11 p.m.(ANI)
Wednesday, April 1, 2009
Khata Transfer process for BDA site in case of death of original allot tee
Documents needed:
1. Requisition letter in white sheet requesting for transfer of Khatha
2. Copy of identify proof which may be PAN card, Ration card Xerox.
3. Original khata issued.
4. Attested identification form notarized by a Gazetted officer.
5. Will of the deceased in case there is a will.
6. Living member list as issued by corporation of your respective city. (Vamsha vruksha in Kannada)
7. Self declaration form in Rs.20 stamp paper (Format available with any Xerox shop near Bangalore development Authority) –Notarized.
8. Joint declaration from the other legal heirs other than in whose name Khatha to be transferred it is a consent form or No objection letter on Rs.20 stamp paper (Notarized)
9. Indemnity form in Rs.100
10. Gas bill or Ration card as address proof as mentioned in your application.
11. EC or Encumbrance certificate from beginning till date which needs to be obtained from local sub-register office of the jurisdiction.
Generally it takes 15 to 20 working days to get the khatha transferred. All the Xerox copy of the documents has to be attested by a gazette officer who may be School head master also.
Obtaining EC will take some time and one can contact nearby Xerox shop vendor near Bangalore Development Authority office in Bangalore who will have all forms and he will get it notarized also. One can contact Mr. manjunath whose mobile no. is 9972533161 for these paperworks.
Tuesday, March 24, 2009
Book your Nano online
When to start booking Nano:-
The Booking form distribution & Bookings will start on the 9th of April 2009 and will continue till 25th April 2009, both days inclusive.
Book online:
The cost of the Online Form is Rs. 200/-.
Fill out the application form online and proceed to make an online payment.
Your application will then be directed to a third party payment gateway site
You will then submit your payment through net banking.
The amount to be paid is the Cost of Application Form plus the Booking Amount.
The site will confirm your payment by generating a transaction ID.
You will be then guided back to the Tata Nano website where a Unique Identification Number (UIN) will be generated.
Booking is now complete, you can take a print of receipt, an email is sent to you with the receipt
Filling of Application form
1.Please read the terms and conditions carefully before filling the booking form.
2.Please fill the Booking Form in Block Letters
3.Please ensure all fields are duly filled.
4.Please ensure details filled in all the 3 copies of the Booking Form are the same.
5.Please Click Here to understand the various sections in the Application Form
Payment
Booking amount for NANO variants is as mentioned in the table below:
Model Amount
Nano BS 2/ 3 95,000
Nano CX BS 2/ 3 1,20,000
Nano LX BS 3� 1,40,000
You can access the price list by clicking on the Price List button below
You can pay the booking amount using any of the following:
Demand Draft
Pay Order
Cheque (should be a local Cheque)
It should be drawn in the name of �Tata Motors Ltd � A/C Tata Nano�.
Make sure that the DD and Cheque have the following details on the back:
Applicant Name
UIN (Unique Identification Number)
Contact Number
To avail an easy loan for the booking amount of Nano pl contact any of the following Tata Motors Preferred Financiers:
State Bank of India, Tata Motors Finance, State bank of Patiala, ICICI Bank, State bank of Travancore, Central bank, State bank of Mysore, Corporation bank, State bank of Hyderabad, Punjab National Bank, State bank of Bikaner and Jaipur, Federal bank, State bank of Indore, Indian Bank and Axis Bank
Please note
Credit cards will not be accepted for payment of booking amount.
Any problem on the payment gateway site will be dealt by the service provider
Allotment:
Allotment
Tata Motors would announce 1,00,000 successful applicants as allotees within 60 days of closing of booking window
1,00,000 succesful applicants would be selected using the pseudo random number generation technique
The price of Tata Nano as announced on date of commercial launch (23rd March, 2009) would be applicable for all 1,00,000 allotees*
You can check the status of your application by keying in your UIN on www.tatanano.com or by calling on the call center number 020-66495678
Allotees would receive an allotment letter which would also mention the expected period of delivery
A communication regarding the status of the application would be sent all applicants via SMS or email based on the contact details mentioned in the application form
Refund (without interest) to all unsuccesful applicants who have not opted to retain their booking with Tata Motors would be processed within 90 days of closing of booking window
* Pls refer Terms and Conditions of the application form for details
Source
Offline Booking:
Buy an application form for Rs 300/- from any of the following locations. There will be an exclusive counter where you can purchase the application
Select SBI branches
Tata Motor Delearships
Croma Outlets
Westside stores
Tata Indicom Exclusive Stores
World of Titan Showrooms
The application form will have 3 copies (Applicant's copy, the bank's copy and TML's copy) Please fill all of these copies before submitting it.
You can submit your Booking Forms at the following locations:
Select SBI Branches
Tata Motors Dealerships
Croma Outlets
Westside Stores
Source Tata Motor website
Friday, March 13, 2009
Public Grievances redressal Mechanism by Goverment of India
The Department of Administrative Reforms And Public Grievances is the nodal agency to formulate policy guidelines for citizen-centric governance in the country. Redress of citizens' grievances , being one of the most important initiatives of the department, DAR&PG formulates public grievance redress mechanisms for effective and timely redress / settlement of citizens' grievances.
The DAR&PG has been making endeavors to bring excellence in public service delivery and to redress grievances of citizens in a meaningful manner by effectively coordinating with different Ministries and Departments of the Government and trying to eliminate the causes of grievances.
This is a Government of India Portal aimed at providing the citizens with a platform for redress of their grievances. If you have any grievance against any Government organization in the country, you may lodge your grievance here which will go to the Ministry/Department/State Government concerned for immediate redress.
The grievances arising out of Unsatisfactory response or No response from the Ministry/Department concerned will be taken up by the PG officers of DAR&PG who will take up the matter with the Ministry/Department concerned for close monitoring and expeditious redress.
1.1 Grievance Redress Mechanism is part and parcel of the machinery of any administration. No administration can claim to be accountable, responsive and user-friendly unless it has established an efficient and effective grievance redress mechanism. In fact, the grievance redress mechanism of an organization is the gauge to measure its efficiency and effectiveness as it provides important feedback on the working of the administration.
(B) TYPES OF PUBLIC GRIEVANCES
5.1 An analysis of grievances received in Department of Administrative Reforms & Public Grievances and Directorate of Public Grievances has revealed that the majority of grievances related to inordinate delay in taking decisions, extending from several months to several years and refusal/inability to make speaking replies/disclose basic information to the petitioners to enable them to examine whether their cases have been correctly decided. It is observed that, had the concerned organizations expeditiously and appropriately dealt with the grievances in the first instance, the complainants would not have approached Department of Administrative Reforms & Public Grievances/Directorate of Public Grievances.
(C) SYSTEMIC PROBLEM AREAS
6.1 There are rules, regulations, instructions which are archaic and aimed at shifting the work towards citizens. Slackness in administration, low morale of the services, inherent inertia, absence of incentives, lack of proper authority and accountability are the delay-breeders and the delay is the major factor that generates the grievances. These factors need to be tackled properly through systematic changes. Prevention is better than cure. On these lines, the best method to redress a grievance is not to allow the grievance to arise at the first instance. Even the redress of a grievance, that arose on account of delay, is also delayed as is revealed by the analysis of grievances according to which on a average six months are taken to redress a grievance.
6.2 Many a times Departments/Organisations are found to avoid taking appropriate decisions by resorting to rejection without application of mind, not taking appropriate interest in functioning of subsidiary offices/linked autonomous organizations, and emphasize on disposal and not on the quality disposal. Decisions taken earlier are reiterated without subjecting the cases of independent examination. There is an inertia to review decisions taken by down-the-line functionaries. In many cases Departments/Organisations justify the delay and continue with their inability to take decisions by putting the onus on another agency or on the petitioner. Many a times, the actual cause of grievance lay in internal inefficiency of the system and failure to identify simple systemic solutions. It is also observed that the time norms set by Departments for providing services were not being adhered to in many cases.
6.3 There is no doubt that grievances continue to arise because of a high systemic tolerance for delay, poor work quality and non-accountability in every day performance of functions. Failure to review archaic, redundant and incongruous rules, policies and procedures and to initiate simple, workable systemic changes is another cause for grievance generation. However, Departments and Organisations, which work with policies and procedures on a day-to-day basis, do not appear to have developed the ability to continually look ‘within’ and identify deficiencies. All these factors have ensured that grievances, once arisen, many a time do not get resolved in ‘normal’ course and need intervention at the highest administrative level.
6.4 Slackness in efficient functioning of ‘Directors of Grievances’ is identified as one of the prime cause for continuing delay in redress of grievances. Poor work quality, non-accountability in everyday performance of functions and failure to systemically review policies/procedures and suggest systemic changes are other important causes. In most Ministries, Departments and Organisations, the mechanism of Director of Grievances is not functioning as per the mandate prescribed.
Here is the link to apply for your problems and also you can also see the status of your complaint lodged in transparent way.
Welcome to Online Public Grievance Lodging and Monitoring System
http://pgportal.gov.in/
Source: Government of India website
Wednesday, March 11, 2009
Lok Sabha Election 2009 Schedule
Apr 16 124 AP, Arunachal, Assam. Bihar, J&K,Kerala,Maharashtra, Manipur,
Meghalaya, Mizoram, Nagaland, Orissa, UP, Chhattisgarh,
Jharkhand, Andaman, Lakshadweep
Apr 23 141 AP, Assam, Bihar, Goa, J&K, Karnataka, Madhya Pradesh,
Maharashtra, Manipur, Orissa, Tripura, Uttar Pradesh,
Jharkhand
Apr 30 107 Bihar, Gujarat, J&K, Karnataka, Madhya Pradesh, Maharashtra,
Sikkim, UP, West Bengal, Dadra & Nagar Haveli, Daman & Diu
May 07 85 Bihar, Haryana, Jammu and Kashmir, Punjab, Rajasthan, Uttar
Pradesh, West Bengal, Delhi
May 13 86 Himachal Pradesh, Jammu & Kashmir, Punjab, Tamil Nadu, Uttar
Pradesh, West Bengal, Uttarakhand, Chhattisgarh, Puducherry
Counting of Votes : May 16, 09
Next Lok Sabha to convene before: Jun 02, 09
Every one must exercise their precious vote to elect right candidate to head the nation and this opportunity comes only once in 5 years and we should not crib in future that we have not chosen the right candidate.
Wednesday, February 25, 2009
US moves to cut outsourcing
No More Tax Benefits For Companies Moving Jobs Abroad: Obama
Washington: American firms will no longer get any tax breaks if they move their jobs to India and elsewhere in the world as President Barack Obama has decided to “restore a sense of fairness” to the US tax code.
“... We will restore a sense of fairness and balance to our tax code by finally ending the tax breaks for corporations that ship our jobs overseas,” Obama said in his first address to the joint session of the US Congress.
About 1,000 American firms, which have moved their jobs abroad, are expected to be affected by the proposed move to do away with a particular provision of the country’s tax code that allows them to pay lower taxes for profits repatriated from foreign shores.
The opponents of the tax code, mostly comprising of Democrats, have been demanding to abolish this provision for a long time, saying it was encouraging the companies to ship jobs aboard and eliminate the local positions.
According to various estimates by economists, corporate tax code may account for up to 3 million jobs abroad.
Way back in 2004, the US Congress had allowed a one-year repatriation tax holiday which reduced the 35% tax rate on foreign earnings of American companies to just 5.25%. Among the major companies which have shipped jobs to foreign countries such as India include General Electric, Microsoft, Hewlett-Packard, Motorola, Pepsico, Honeywell and IBM.
Earlier this month, two Senators had expressed concern over lobbying by multinational corporations to allow firms with offshore funds to move their money back to the US at a discounted tax rate.
“In 2005, over $300 billion in offshore funds were brought back and were subject to a 5.25% tax rate instead of the normal 35% rate, which means Uncle Sam missed out on billions in needed tax revenues,” the Senators had said in a letter. They also added that “such tax holidays not only reduce US tax revenue in the long run, but create new incentives for US multinationals to send more jobs, funds and facilities offshore”.
In their election campaigns, both Obama and Hillary Clinton, who is now the US Secretary of State, had said that tax break was encouraging companies to outsource American jobs to foreign countries. A recent analysis by the Congressional Research Service showed that out of the 12 top repatriating companies, 10 cut jobs even before the recent economic downturn, the Senators said.
Going by estimates, foreign affiliates of American firms created nearly 1,00,000 jobs on an average in low-cost developing nations during the period from 1992 to 2005.
In 2004, the then Democratic presidential candidate John Kerry had rallied against companies which were exploiting the tax system to ship jobs to low-wage countries, including India. AGENCIES
Source: Times of india
Monday, February 23, 2009
Blog is no private domain
Blog is no private domain
Comments On Web May Attract Libel, Criminal Cases
New Delhi: A 19-year-old blogger’s case could forever change the ground rules of blogging. Bloggers may no longer express their uninhibited views on everything under the sun, for the Supreme Court said they may face libel and even prosecution for the blog content.
It will no longer be safe to start a blog and invite others to register their raunchy, caustic and even abusive comments on an issue while seeking protection behind the disclaimer — views expressed on the blog are that of the writers.
This chilling warning emerged as a Bench comprising Chief Justice K G Balakrishnan and Justice P Sathasivam refused to protect a 19-year-old Kerala boy, who had started a community on Orkut against Shiv Sena, from protection against summons received from a Maharashtra court on a criminal case filed against him.
Petitioner Ajith D started a community on Orkut against Shiv Sena. In this community, there were several posts and discussions by anonymous persons who alleged that Shiv Sena was trying to divide the country on region and caste basis. Reacting to these posts, the Shiv Sena youth wing’s state secretary registered a criminal complaint at Thane police station in August 2008 based on which FIR was registered against Ajith under Sections 506 and 295A pertaining to hurting public sentiment.
After getting anticipatory bail from Kerala HC, Ajith moved the Supreme Court through counsel Jogy Scaria seeking quashing of the criminal complaint on the ground that the blog contents were restricted to communication within the community and did not have defamation value. He also pleaded that there was threat to his life if he appeared in a Maharashtra court. A computer science student, Ajith pleaded the comments made on the blog were mere exercise of their fundamental right to freedom of expression and speech and could not be treated as an offence by police.
Unimpressed, the Bench said, “We cannot quash criminal proceedings. You are a computer student and you know how many people access internet portals. Hence, if someone files a criminal action on the basis of the content, then you will have to face the case.”
Source : Times of india
Thursday, February 19, 2009
IMPORTANT: THE POWER OF "49-O" A CHANCE TO CHANGE OUR POLITICS!!!!!
Yes such a feature is available, but obviously these leaders have never
disclosed it.
This is called "49-O".
Why should you go and say " I VOTE NOBODY"... because, in a ward, if a candidate wins, say by 123 votes, and that particular ward has received "49-O" votes more than 123, then that polling will be cancelled and will have to be re-polled. Not only that, but the candidature of the contestants will be removed and they cannot contest the re-polling, since people had already expressed their decision on them.
This would bring fear into parties and hence look for genuine candidates for their parties for election. This would change the way; of our whole political system.... it is seemingly surprising why the election commission has not revealed such a feature to the public....
Please spread this news to as many as you know...
Seems to be a wonderful weapon against corrupt parties in India ... show your power, expressing your desire not to vote for anybody, is even more powerful than voting... so don't miss your chance. So either vote, or vote not to vote (vote 49-O) and pass this info on...
Use your voting right for a better INDIA
Very Good pension plan from MetLife Insurance in India.
Met Advantage Plus - Unit-linked Pension Plan (Non Par)
Met Advantage Plus is a Unit-linked Pension Plan that works hard for you when you stop working. And like the name suggests, it comes with the maximum number of advantages. For one, it ensures that you lead a comfortable lifestyle. Always. More importantly, it helps you plan ahead, keeping in mind the escalating cost of living. What’s more, unlike any other plan, Met Advantage Plus comes with six investment options, eight annuity options, and much more…
For example assuming one’s age is 30 now and he invests in this plan Rs.25,000/ year for next 5 years . After 10 years from there or the moment he reaches 45 years whichever is earlier he will start getting a pension of Rs.8000.00 per month till he survive and after his death his spouse will get the same till she survive. It’s a very good plan to secure one’s future.
Met Advantage Plus is now being made available to you with two options of death benefit If interested one can contact cosmicsanthosh@gmail.com for more details.
Sunday, February 1, 2009
Economic Stimulus Payments and the Recovery Rebate Credit (RRC).
On Wednesday the IRS made some announcements regarding the Economic Stimulus Payments and the Recovery Rebate Credit (RRC). There will also be an IRS news release forthcoming in this regard
The Recovery Rebate Credit is for people who did not receive an Economic Stimulus Payment in 2008, or for taxpayers who did not receive the full Economic Stimulus Payment in 2008.
It is very important that when you file your tax return, you enter the correct amount of stimulus payment you received in 2008. If you do not enter the correct amount and the tax software calculates an amount that reflects the incorrect amount you entered, your refund may be delayed for no more than one week. The delay is because the IRS must manually review your return and correct your entry. If the IRS has to do this they will send you a notice in the mail informing you of the change.
* If you know you received the full amount in 2008, you can leave that field blank and the system will not calculate any Recovery Rebate Credit.
* If you did not receive your stimulus payment or if you had a child in 2008 and your income is in the range to be eligible for a the Economic Stimulus Payment, it is important that you make an entry and complete that item on that page.
IF YOU ALREADY FILED YOUR RETURN
If you already filed your return, you need to do nothing. If the Recovery Rebate Credit calculated does not match the IRS information, the IRS will correct your return.
IF YOU DID NOT FILE YOUR RETURN
Please be sure to enter the correct amount of stimulus you received in 2008. If you are not sure, the IRS has a tool at www.IRS.gov where you can retrieve this amount. You may also call the IRS at 1 800 829 1040 and follow the prompts to find the amount of the Economic Stimulus Payment you received in 2008.
Wednesday, January 7, 2009
Satyam Chairman Resigns After Falsifying Accounts
Raju, 53, unsuccessfully tried to sell two companies to Satyam last month in a final attempt to plug 50.4 billion rupees ($1.04 billion) of “fictitious assets” on the company’s balance sheet, Hyderabad-based Satyam said in a statement today. Profits from the main business have been inflated “over a period of last several years,” Raju said in a letter to the board.
The transactions started to unravel after shareholders vetoed the sale of two construction companies, four directors quit the company and the World Bank barred Satyam from bidding for contracts. India’s markets regulator C.B. Bhave said the event is of “horrifying magnitude” as Satyam dragged down the benchmark stock index already hit by a record slump last year.
“This is a black day for India, the software sector and corporate governance claims,” Arun Kejriwal, founder of Kejriwal Research & Investment Services, said in Mumbai. “If at all there’s an event that could be the biggest setback for corporate India, it is this.”
Shares of Satyam, which means “truth” in Sanskrit, plunged 69 percent to 55 rupees in Mumbai trading. The Sensitive Index tumbled 4.3 percent.
‘Non-Existent’
Of the reported cash and bank balances of 53.61 billion rupees on Sept. 30, 50.4 billion rupees was non-existent, Raju said in the letter sent to the Bombay Stock Exchange.
Operating margin at Satyam, India’s fourth-largest software exporter, in the quarter ended Sept. 30 was 3 percent of revenue, instead of the reported 24 percent, Raju said in the letter. The company’s revenue was 21 billion rupees, 22 percent less than the inflated figure of 27 billion rupees that had been reported.
Raju arranged 12.3 billion rupees “to keep operations going” at Satyam over the last two years by pledging the founders’ shares and raising funds from other sources, he said.
“What started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years,” Raju said. “It was like riding a tiger, not knowing how to get off without being eaten.”
‘Easy Target’
The founders’ concern was that a poor performance, combined with the fact they held a small stake in the company, would make Satyam an easy target for a takeover, exposing the inflated figures, he said.
Satyam yesterday denied a report that the company received a merger offer from Tech Mahindra Ltd., an Indian software-services provider controlled by Mahindra & Mahindra Ltd. and partly owned by BT Group Plc.
Tech Mahindra termed the report of a proposed all-stock merger as “speculative.”
Earlier in the week, MindTree Ltd. denied a report it was one of two smaller rivals in talks for a merger with Satyam. The Hyderabad-based company is in talks to merge with smaller rivals including HCL Technologies and MindTree, the Business Standard reported on Jan. 5, citing unidentified people at investment banks.
Raju’s attempts to “keep the wheel moving” at Satyam was finally derailed as lenders sold most of the pledged shares because of margin calls, he said.
Reduced Holdings
SRSR Holdings Pvt., which holds the founding family’s stake, reduced their holding to 3.6 percent from 5.13 percent, Satyam told the Bombay Stock Exchange yesterday. Of the 3.6 percent, 1.7 percent is pledged with lenders, it said.
The stake sales by the families of Chairman Raju and his younger brother, manager director Rama Raju, reduced their holdings to below levels held by institutional investors including Aberdeen Asset Management Plc. Funds run by Aberdeen own 6.6 percent of Satyam, according to data compiled by Bloomberg until the end of October.
Raju scrapped the planned acquisition of Maytas Properties Ltd. and Maytas Infra Ltd. last month, less than 12 hours after announcing it, after the company’s ADRs plunged.
Separately, the World Bank Dec. 23 declared India’s fourth- biggest software-services provider ineligible for contracts for eight years, alleging “improper” benefits were given to the bank’s employees.
Satyam was founded in 1987 by Ramalinga Raju and Rama Raju and counts ArcelorMittal, the world’s largest steelmaker, and Nissan Motor Co., Japan’s third-biggest carmaker, among its customers.
“This company had a five-star independent board and it had a leading auditor and still it managed the con,” said Tarun Sisodia, a Mumbai-based analyst with Anand Rathi Securities Ltd. “So the question is why only Satyam, why not every other company.”
Source : Bloomberg
Mr.Raju's Eesignation letter copy
Wednesday, December 24, 2008
consent-form-for-outsourcing-us-tax
Anyone looking for outsourcing US tax return to any other countries outside US they must obtain the following downloaded form signed from the taxpayer.
This format is taken from IRS website.
New regulations under Internal Revenue Code Section 7216, Disclosure or Use of Tax Information by Preparers of Returns, become effective January 1, 2009.
Disclosure Situation 3
Consent is sought for disclosure of tax return information in the context of tax return preparation or performance of auxiliary services; and Tax return information will be disclosed outside the United States or any territory or possession of the United States
Disclosure includes the taxpayer's social security number, or Disclosure includes a document where the social security number is not fully masked or otherwise redacted
Note that in order to disclose a taxpayer's social security number to a tax return preparer located outside of the United States, both the tax return preparer located within the United States and the tax return preparer located outside of the United States must maintain an adequate data protection safeguard at the time the taxpayer's consent is obtained and when making the disclosure. Rev. Proc. 2008-35 § 4.07.
An exception to the consent requirement exists where a tax return preparer located within the United States initially receives a social security number from a tax return preparer located outside of the United States and the preparer within the United States retransmits the social security number to the preparer that initially provided it. Treas. Reg. § 301.7216-3(b)(4).
Consent form for outsourcing US tax return to india under regulation 7216.docx
Very-important-regulation7216 for US tax outsourcing to India
New regulations under Internal Revenue Code Section 7216, Disclosure or Use of Tax Information by Preparers of Returns, become effective January 1, 2009. The new regulations update regulations that have been substantially unchanged since the 1970s, and give taxpayers greater control over their personal tax return information. The statute limits tax return preparers' use and disclosure of information obtained during the return preparation process to activities directly related to the preparation of the return. The regulations describe how preparers, with the informed written consent of taxpayers, may use or disclose return information for other purposes. The regulations also describe specific and limited exceptions that allow a preparer to use or disclose return information without the consent of taxpayers.
Revenue Procedure 2008-35 supplements the regulations, in particular Treas. Reg. Section 301.7216-3, and provides specific form and content guidance to tax return preparers for obtaining consents to disclose and consents to use taxpayer data in both the paper and electronic environments. Generally, tax preparers must obtain the signed consent of the taxpayer on paper or electronically before they can disclose taxpayer return information to anyone or use it for any purpose other than in the context of preparing and filing the return. Separate consents are required for disclosure(s) and use(s). Consents must:
• Identify the intended purpose of the disclosure or use;
• Identify the recipient(s) and describe the particular authorized information to be disclosed or used;
• Include the name of the tax return preparer and the name of the taxpayer;
• Include the applicable mandatory language set forth in section 4.04(a)-(c) of Revenue Procedure 2008-35 that informs the taxpayer that he is not required to sign the consent and if he signs the consent, he can set a time period for the duration of that consent;
• Include the mandatory language set forth in section 4.04(d) of Revenue Procedure 2008-35 that refers the taxpayer to the Treasury Inspector General for Tax Administration if he believes that his tax return information has been disclosed or used improperly.
• Where applicable, include the appropriate mandatory statement set forth in section 4.04(e) of Revenue Procedure 2008-35 that informs the taxpayer that his tax return information may be disclosed to a tax return preparer located outside the U.S;
• Be in 12-point type on 8 1/2 by 11 inch paper. Electronic consents must be in the same type as the web site's standard text; and
• Contain the taxpayer's affirmative consent (as opposed to an "opt-out" clause); and
• Be signed and dated by the taxpayer.
The updated regulations apply to paid preparers, software developers, Electronic Return Originators, and other persons or entities engaged in tax return preparation services or services that are auxiliary to return preparation. They also apply to most volunteer tax preparers, for example Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) volunteers and employees and contractors employed by tax preparation companies in a support role.
Violations could result in imprisonment for up to one year, a fine of not more than $1,000, or both, for each violation.
Aids to Preparing §7216 Consent Forms
Introduction
Treasury Regulation §301.7216-3(a) states, "Unless section 7216 or §301.7216-2 specifically authorizes the disclosure or use of tax return information, a tax return preparer may not disclose or use a taxpayer's tax return information prior to obtaining a written consent from the taxpayer…" [emphasis added]. The regulations go on to specify requirements for the consent forms. Revenue Procedure 2008-35 supplements the regulations and prescribes mandatory language required in consent forms depending on the situations under which consents are requested from taxpayers by tax return preparers. The Revenue Procedure also specifies format requirements for the consent forms produced on paper and electronically. The following aids outline seven section 7216 consent situations and the different consent elements relevant to each situation. Format Requirements
Paper Consent Forms – All paper consent forms must be on 8½ x 11 inch or larger paper and printed in 12 point type (i.e., no more than 12 characters per inch).
Electronic Consent Forms – All consent form screens must pertain solely to the disclosure or use of tax return information authorized by the consent, except for computer navigation tools; text must be at least the same size as, or larger than, the normal or standard body text used by the website or software package for direction, communications or instructions; and there must be sufficient contrast between the text and background colors.
Electronic Signature Requirements
Refer to Revenue Procedure 2008-35, section 5.Required Information and Mandatory Language There are seven situations–six for disclosure and one for use of tax return information–described in the regulations and Revenue Procedure that call for different consent form information requirements and mandatory language. The following aids collect the required information fields and mandatory language for each of the seven situations that form the bases for the applicable consent form. Refer to Treasury Regulations §301.7216-3 and Revenue Procedure 2008-35, section 6 for more information and examples of acceptable consent forms.
Disclosure Situation 1
• Consent is sought for disclosure of tax return information in the context of tax return preparation or performance of auxiliary services (for example, where a tax return preparer seeks substantive advice from another tax return preparer which will affect the tax liability reported by a taxpayer); and
• Tax return information will not be disclosed outside the United States or any territory or possession of the United States Federal law requires this consent form be provided to you. Unless authorized by law, we cannot disclose, without your consent, your tax return information to third parties for purposes other than the preparation and filing of your tax return and, in certain limited circumstances, for purposes involving tax return preparation. If you consent to the disclosure of your tax return information, Federal law may not protect your tax return information from further use or distribution.
You are not required to complete this form. Because our ability to disclose your tax return information to another tax return preparer affects the service that we provide to you and its cost, we may decline to provide you with service or change the terms of service that we provide to you if you do not sign this form. If you agree to the disclosure of your tax return information, your consent is valid for the amount of time that you specify. If you do not specify the duration of your consent, your consent is valid for one year.
Duration of consent (optional):
I, [insert name of taxpayer] authorize [insert name of tax return preparer] to disclose [specify tax return information to be disclosed] to [identify the recipient of the tax return information] for the purpose of [specify the intent of the disclosure].
Note: If there are multiple reasons for requesting disclosures they may all be listed in one consent form. See Revenue Procedure 2008-35, section 6 for examples.
If you believe your tax return information has been disclosed or used improperly in a manner unauthorized by law or without your permission, you may contact the Treasury Inspector General for Tax Administration (TIGTA) by telephone at 1-800-366-4484, or by email at complaints@tigta.treas.gov.
Taxpayer Signature: Date:
Disclosure Situation 2
• Consent is sought for disclosure of tax return information in the context of tax return preparation or performance of auxiliary services; and
• Tax return information will be disclosed outside the United States or any territory or possession of the United States;
• Disclosure does not include the taxpayer's social security number, and
• Disclosure does not include a document where the social security number is not fully masked or otherwise redacted
Federal law requires this consent form be provided to you. Unless authorized by law, we cannot disclose, without your consent, your tax return information to third parties for purposes other than the preparation and filing of your tax return and, in certain limited circumstances, for purposes involving tax return preparation. If you consent to the disclosure of your tax return information, Federal law may not protect your tax return information from further use or distribution.
You are not required to complete this form. Because our ability to disclose your tax return information to another tax return preparer affects the service that we provide to you and its cost, we may decline to provide you with service or change the terms of service that we provide to you if you do not sign this form. If you agree to the disclosure of your tax return information, your consent is valid for the amount of time that you specify. If you do not specify the duration of your consent, your consent is valid for one year.
Duration of Consent (optional):
This consent to disclose may result in your tax return information being disclosed to a tax return preparer located outside the United States.
I, [INSERT NAME OF TAXPAYER] authorize [INSERT NAME OF TAX RETURN PREPARER] to disclose [SPECIFY TAX RETURN INFORMATION TO BE DISCLOSED] to [IDENTIFY THE RECIPIENT OF THE TAX RETURN INFORMATION] for the purpose of [SPECIFY THE INTENT OF THE DISCLOSURE].
Note: If there are multiple reasons for requesting disclosures they may all be listed in one consent form. See Revenue Procedure 2008-35, section 6 for examples.
If you believe your tax return information has been disclosed or used improperly in a manner unauthorized by law or without your permission, you may contact the Treasury Inspector General for Tax Administration (TIGTA) by telephone at 1-800-366-4484, or by email at complaints@tigta.treas.gov.
Taxpayer Signature: Date:
Disclosure Situation 3
• Consent is sought for disclosure of tax return information in the context of tax return preparation or performance of auxiliary services; and
• Tax return information will be disclosed outside the United States or any territory or possession of the United States
• Disclosure includes the taxpayer's social security number, or
• Disclosure includes a document where the social security number is not fully masked or otherwise redacted
• Note that in order to disclose a taxpayer's social security number to a tax return preparer located outside of the United States, both the tax return preparer located within the United States and the tax return preparer located outside of the United States must maintain an adequate data protection safeguard at the time the taxpayer's consent is obtained and when making the disclosure. Rev. Proc. 2008-35 § 4.07.
• An exception to the consent requirement exists where a tax return preparer located within the United States initially receives a social security number from a tax return preparer located outside of the United States and the preparer within the United States retransmits the social security number to the preparer that initially provided it. Treas. Reg. § 301.7216-3(b)(4).
Federal law requires this consent form be provided to you. Unless authorized by law, we cannot disclose, without your consent, your tax return information to third parties for purposes other than the preparation and filing of your tax return and, in certain limited circumstances, for purposes involving tax return preparation. If you consent to the disclosure of your tax return information, Federal law may not protect your tax return information from further use or distribution.
You are not required to complete this form. Because our ability to disclose your tax return information to another tax return preparer affects the service that we provide to you and its cost, we may decline to provide you with service or change the terms of service that we provide to you if you do not sign this form. If you agree to the disclosure of your tax return information, your consent is valid for the amount of time that you specify. If you do not specify the duration of your consent, your consent is valid for one year.
Duration of Consent (optional):
This consent to disclose may result in your tax return information being disclosed to a tax return preparer located outside the United States, including your personally identifiable information such as your Social Security Number ("SSN"). Both the tax return preparer in the United States that will disclose your SSN and the tax return preparer located outside the United States which will receive your SSN maintain an adequate data protection safeguard (as required by the regulations under 26 U.S.C. Section 7216) to protect privacy and prevent unauthorized access of tax return information. If you consent to the disclosure of your tax return information, Federal agencies may not be able to enforce U.S. laws that protect the privacy of your tax return information against a tax return preparer located outside of the U.S. to which the information is disclosed.
I, [INSERT NAME OF TAXPAYER] authorize [INSERT NAME OF TAX RETURN PREPARER] to disclose [SPECIFY TAX RETURN INFORMATION TO BE DISCLOSED] to [IDENTIFY THE RECIPIENT OF THE TAX RETURN INFORMATION] for the purpose of [SPECIFY THE INTENT OF THE DISCLOSURE].
Note: If there are multiple reasons for requesting disclosures they may all be listed in one consent form. See Revenue Procedure 2008-35, section 6 for examples.
If you believe your tax return information has been disclosed or used improperly in a manner unauthorized by law or without your permission, you may contact the Treasury Inspector General for Tax Administration (TIGTA) by telephone at 1-800-366-4484, or by email at complaints@tigta.treas.gov.
Taxpayer Signature: Date:
Disclosure Situation 4
• Consent is sought for disclosure of tax return information in the context other than tax return preparation or performance of auxiliary services; and
• Tax return information will not be disclosed outside the United States or any territory or possession of the United States
Federal law requires this consent form be provided to you. Unless authorized by law, we cannot disclose, without your consent, your tax return information to third parties for purposes other than the preparation and filing of your tax return. If you consent to the disclosure of your tax return information, Federal law may not protect your tax return information from further use or distribution.
You are not required to complete this form. If we obtain your signature on this form by conditioning our services on your consent, your consent will not be valid. If you agree to the disclosure of your tax return information, your consent is valid for the amount of time that you specify. If you do not specify the duration of your consent, your consent is valid for one year.
Duration of Consent (optional):
I, [INSERT NAME OF TAXPAYER] authorize [INSERT NAME OF TAX RETURN PREPARER] to disclose [SPECIFY TAX RETURN INFORMATION TO BE DISCLOSED] to [IDENTIFY THE RECIPIENT OF THE TAX RETURN INFORMATION] for the purpose of [SPECIFY THE INTENT OF THE DISCLOSURE].
Note: If there are multiple reasons for requesting disclosures they may all be listed in one consent form. See Revenue Procedure 2008-35, section 6 for examples.
If you believe your tax return information has been disclosed or used improperly in a manner unauthorized by law or without your permission, you may contact the Treasury Inspector General for Tax Administration (TIGTA) by telephone at 1-800-366-4484, or by email at complaints@tigta.treas.gov.
Taxpayer Signature: Date:
Disclosure Situation 5
• Consent is sought for disclosure of tax return information in the context other than tax return preparation or performance of auxiliary services; and
• Tax return information will be disclosed outside the United States or any Territory or possession of the United States
• Disclosure does not include the taxpayer's social security number, and
• Disclosure does not include a document where the social security number is not fully masked or otherwise redacted
Federal law requires this consent form be provided to you. Unless authorized by law, we cannot disclose, without your consent, your tax return information to third parties for purposes other than the preparation and filing of your tax return. If you consent to the disclosure of your tax return information, Federal law may not protect your tax return information from further use or distribution.
You are not required to complete this form. If we obtain your signature on this form by conditioning our services on your consent, your consent will not be valid. If you agree to the disclosure of your tax return information, your consent is valid for the amount of time that you specify. If you do not specify the duration of your consent, your consent is valid for one year.
Duration of Consent (optional):
This consent to disclose may result in your tax return information being disclosed to a tax return preparer located outside the United States.
I, [INSERT NAME OF TAXPAYER] authorize [INSERT NAME OF TAX RETURN PREPARER] to disclose [SPECIFY TAX RETURN INFORMATION TO BE DISCLOSED] to [IDENTIFY THE RECIPIENT OF THE TAX RETURN INFORMATION] for the purpose of [SPECIFY THE INTENT OF THE DISCLOSURE].`
Note: If there are multiple reasons for requesting disclosures they may all be listed in one consent form. See Revenue Procedure 2008-35, section 6 for examples.
If you believe your tax return information has been disclosed or used improperly in a manner unauthorized by law or without your permission, you may contact the Treasury Inspector General for Tax Administration (TIGTA) by telephone at 1-800-366-4484, or by email at complaints@tigta.treas.gov.
Taxpayer Signature: Date:
Disclosure Situation 6
• Consent is sought for disclosure of tax return information in the context other than tax return preparation or performance of auxiliary services; and
• Tax return information will be disclosed outside the United States or any territory or possession of the United States
• Disclosure includes the taxpayer's social security number, or
Disclosure includes a document where the social security number is not fully masked or otherwise redacted
• Note that in order to disclose a taxpayer's social security number to a tax return preparer located outside of the United States, both the tax return preparer located within the United States and the tax return preparer located outside of the United States must maintain an adequate data protection safeguard at the time the taxpayer's consent is obtained and when making the disclosure. Rev. Proc. 2008-35 § 4.07
Federal law requires this consent form be provided to you. Unless authorized by law, we cannot disclose, without your consent, your tax return information to third parties for purposes other than the preparation and filing of your tax return. If you consent to the disclosure of your tax return information, Federal law may not protect your tax return information from further use or distribution.
You are not required to complete this form. If we obtain your signature on this form by conditioning our services on your consent, your consent will not be valid. If you agree to the disclosure of your tax return information, your consent is valid for the amount of time that you specify. If you do not specify the duration of your consent, your consent is valid for one year.
Duration of consent (optional):
This consent to disclose may result in your tax return information being disclosed to a tax return preparer located outside the United States, including your personally identifiable information such as your Social Security Number ("SSN"). Both the tax return preparer in the United States that will disclose your SSN and the tax return preparer located outside the United States which will receive your SSN maintain an adequate data protection safeguard (as required by the regulations under 26 U.S.C. Section 7216) to protect privacy and prevent unauthorized access of tax return information. If you consent to the disclosure of your tax return information, Federal agencies may not be able to enforce U.S. laws that protect the privacy of your tax return information against a tax return preparer located outside of the U.S. to which the information is disclosed.
I, [INSERT NAME OF TAXPAYER] authorize [INSERT NAME OF TAX RETURN PREPARER] to disclose [SPECIFY TAX RETURN INFORMATION TO BE DISCLOSED] to [IDENTIFY THE RECIPIENT OF THE TAX RETURN INFORMATION] for the purpose of [SPECIFY THE INTENT OF THE DISCLOSURE].
Note: If there are multiple reasons for requesting disclosures they may all be listed in one consent form. See Revenue Procedure 2008-35, section 6 for examples.
If you believe your tax return information has been disclosed or used improperly in a manner unauthorized by law or without your permission, you may contact the Treasury Inspector General for Tax Administration (TIGTA) by telephone at 1-800-366-4484, or by email at complaints@tigta.treas.gov.
Taxpayer Signature: Date:
Use - All Situations
• Consent is sought for use of tax return information under any circumstance
Federal law requires this consent form be provided to you. Unless authorized by law, we cannot use, without your consent, your tax return information for purposes other than the preparation and filing of your tax return.
You are not required to complete this form. If we obtain your signature on this form by conditioning our services on your consent, your consent will not be valid. Your consent is valid for the amount of time that you specify. If you do not specify the duration of your consent, your consent is valid for one year.
Duration of Consent (optional):
I, [INSERT NAME OF TAXPAYER] authorize [INSERT NAME OF TAX RETURN PREPARER] to use [SPECIFY TAX RETURN INFORMATION TO BE USED] for the purpose of [DESCRIBE AUTHORIZED USE].
Note: If there are multiple reasons for requesting consent to use tax return information they may all be listed in one consent form. See Revenue Procedure 2008-35, section 6 for examples.
If you believe your tax return information has been disclosed or used improperly in a manner unauthorized by law or without your permission, you may contact the Treasury Inspector General for Tax Administration (TIGTA) by telephone at 1-800-366-4484, or by email at complaints@tigta.treas.gov.
Taxpayer Signature: Date:
Source :IRS website
Thursday, December 18, 2008
Job requirement in cosmic IT services Pvt. Ltd. Bangalore
| Cosmic IT Services (P) Ltd is an ISO 9001:2000 certified company and also proud members of CSEZ (Special economic Zone by Government of India) where in our company is treated an 100% EOU (export oriented Unit) we are focusing mainly on providing IT and ITES solutions in the area of financial accounting, Book keeping, Taxation, payroll and other allied areas for US and UK markets and also offers comprehensive IT-based solutions and services designed to address specific customer needs. Being QuickBooks Pro advisor's and also expertise in Quick Books POS (POINT OF SALE) we offer our expertise to over 7000+ Quickbooks customers. 1. US TAXATION: Position: Tax Team Lead Qualification: B.com/ M.Com/BBM/ CA-inter with 2-3 years relevant Experience. Job Description: 1-2 years Work experience in Preparation and Review of US Individual (1040) and corporate tax returns (1120). Exposure to Tax software's like Ultra tax, Pro series, Lacerate will be an added advantage. Good Written and Verbal communication 2. TAX ANALYST: Job Description: Commerce Graduate/ Masters with minimum 2 to 3 years experience in Financial Accounts. Familiar with Quick Books and Knowledge of 'US GAAP' will be an added advantage. Good analytical and communication skills. High degree of 'Learning ability'. Knowledge in QuickBooks is a plus NOTE: Experience in Tax is Preferable. Job Description CA with 2-3 years of experience in a financial role with strong finance background and understanding of fundamentals The Asst Manager will be responsible for finance and related operations for US in India. He should be highly motivated, proactive and self-driven Ability to handle sensitive information Strong knowledge of US GAAP, Indian and International Accounting Standards Strong problem solving, communication and interpersonal skills Should be able to independently handle the complete accounting, reporting and budgeting system Experience in US Accounting and QuickBooks Accounting will be an added advantage Responsibility for maintaining books of accounts, related schedules and account reconciliation. Vendor and customer contract management, contract negotiations and accounts payable Manage payroll in the US Maintain Cap Table and equity transactions Assist with administration and management of finance related, and other processes related to US operations Must be willing to work in Bangalore, India Must be willing to travel to US. Job Description: Must Have 2+ yrs of experience Discuss with Users and fulfill their requirements and request System and Network Administration and maintenance Maintenance Database Sound familiarity with Windows2000 and WindowsXP at the user level, including user and application installation. A proven record of reliability, the ability to perform under time constraints, and good judgment under pressure. Fantastic ability to learn new material quickly. A solid understanding of networking fundamentals and security. Strong technical support background includes network. Uncommon ability to work as part of a team. |
Wednesday, December 17, 2008
Immediate Opening for BE-EC,TC,CS, IS 2006-2008 batch students Freshers
Immediate Opening for BE-EC,TC,CS, IS 2006-2008 batch students Fresher’s.
There is opening in Telecom Company Fiber Optical (Bangalore).
Job Type: Installation/ Integration/ Deployment and Commissioning various Telecom Products.
Frequent Travel Required (India)
Salary -6000 per month + D.A(100 rupees per day) + Reimbursement of Boarding/Lodging & Food Expenses.
Only MALE candidates are allowed.
Candidates who are having Interest in Telecom and Networking Domain which is in Boom today can send there cv's immediately
Know your PNR status
Passenger Current Status
Note:- Online PNR Status Enquiry is not available between 2300 hrs to 0500 hrs IST
http://www.indianrail.gov.in/pnr_stat_date.html
Monday, December 15, 2008
UNDERSTANDING NCFM
UNDERSTANDING NCFM
NSE introduced in 1998 a facility of testing and certification by launching NSE’s
Certification in Financial Markets (NCFM). It is an online, nationwide testing and
certification system. The entire process of testing, assessing and score reporting is
fully automated. NCFM tests the core knowledge of candidates in various areas of
financial markets.
NCFM has launched an online registration and enrollment facility in January 2006.
This allows flexibility in terms of payments, enrollments for tests, and provides easy
accessibility and convenience to the candidate. Those that are already registered with NCFM may continue to enjoy the benefits of their online accounts. Please log on to www.nseindia.com and click on ‘NCFM-Online’.
Features of online registration are:-
1. One time registration
2. Ease of payment of fees – credit cards, debit cards, cash deposit, Net Banking
facility.
3. Online display of test schedule for various test centers.
4. Online enrollment for tests.
5. Printing of Hall tickets at candidates end.
6. Existing online accounts for already registered (with NCFM) candidates.
NCFM Modules: NCFM currently tests expertise in 16 modules. The test parameters
and fees for the same are given below :
| Sr. No. | Name of Module | Fees (Rs.) | Test Duration (in minutes) | No. of Questions | Maximum Marks | Pass Marks (%) | Certificate Validity |
| 1 | Financial Markets: A Beginners’ Module | 750 | 60 | 50 | 100 | 50 | 5 |
| 2 | Securities Market (Basic) Module | 1500 | 105 | 60 | 100 | 60 | 5 |
| 3 | Capital Market (Dealers) Module | 1500 | 105 | 60 | 100 | 50 | 5 |
| 4 | Derivatives Market (Dealers) Module * | 1500 | 120 | 60 | 100 | 60 | 3 |
| 5 | FIMMDA-NSE Debt Market (Basic) Module | 1500 | 120 | 60 | 100 | 60 | 5 |
| 6 | NSDL–Depository Operations Module | 1500 | 75 | 60 | 100 | 60 # | 5 |
| 7 | Commodities Market Module | 1800 | 120 | 60 | 100 | 50 | 3 |
| 8 | AMFI-Mutual Fund (Basic) Module | 1000 | 90 | 62 | 100 | 50 | No limit |
| 9 | AMFI-Mutual Fund (Advisors) Module | 1000 | 120 | 72 | 100 | 50 | 5 |
| 10 | Surveillance in Stock Exchanges Module | 1500 | 120 | 50 | 100 | 60 | 5 |
| 11 | Corporate Governance Module | 1500 | 90 | 100 | 100 | 60 | 5 |
| 12 | Compliance Officers (Brokers) Module | 1500 | 120 | 60 | 100 | 60 | 5 |
| 13 | Compliance Officers (Corporates) Module | 1500 | 120 | 60 | 100 | 60 | 5 |
| 14 | Information Security Auditors Module (Part-1) | 2250 | 120 | 90 | 100 | 60 | 2 |
| Information Security Auditors Module (Part-2) | 2250 | 120 | 90 | 100 | 60 | ||
| 15 | FPSB India Exam 1 to 4** | 1500 per exam | 120 | 75 | 140 | 60 | NA |
| 16 | FEDAI-NSE Currency Futures (Basic) Module | 1500 | 120 | 60 | 100 | 60 | 5 |
* Candidates have the option to take the test in English, Gujarati or Hindi language. The workbook for the module will however be available in ENGLISH ONLY.
# Candidates securing 80% or more marks in NSDL-Depository Operations Module ONLY will be certified as
‘Trainers’.
** Modules of Financial Planning Standards Board India (Certified Financial Planner Certification) i.e. (i) Risk
Management & Insurance Planning (ii) Retirement Planning & Employee Benefits (iii) Investment Planning and (iv) Tax Planning & Estate Planning.
The curriculum for each of the module (except FPSB India Exam 1 to 4) is available on our website: www.nseindia.com > NCFM > Curriculum & Study Material.
I have no knowledge of Financial Markets?
You can start with taking the Financial Markets: A Beginners’ Module. This module has been prepared with the objective of introducing the functions and role of the financial markets in India to the beginners in the markets. The module includes knowledge about Primary Markets, Secondary Markets Instruments available for trading and a little about how to read financial statements and analyze the same.
How do I register?
You may register online on www.nseindia.com > ‘NCFMOnline’. Alternatively you may
send your registration form to the nearest NSEIL office at the address given in the
Table: ‘Test Centers.’ This can be downloaded from the website under ‘NCFM > Offline Procedures’.
I have registered before but never taken a test.
On registration you will get an SMS message regarding your registration number, if
a proper mobile number is provided by you. Whenever you desire to take the test
you can login to nseindia.com/NCFM/Online and select the date and time or for your
online account details you may contact the nearest NSEIL office. Test fees are valid
for six months from the date of payment. Candidates need to enroll for the test(s)
within six months from payment of fees.
How to appear for NCFM Modules?
Once you are registered with NCFM either through Online / Offline, you can select the module you desire and make the payment of fees either online (mode of payment - Cash / Credit Card / Debit Card / Net banking) or through the offline system (through demand draft only). Payment for FPSB India Exam 1 to 4 should be made by the ONLINE mode of payment only. It is not mandatory to select the date and time at the time of registration. You can select the date, time and centre as desired by you, on receipt of study material. However, test fees are valid for six months from the date of payment. Candidates need to enroll for the test(s) within six months from payment of fees.
Where to take the test?
You may go through the list of test centers provided on our website. Please note tests are held regularly at the six NSEIL offices from Monday to Friday, in 4 time slots a day. However, for tests at locations outside NSE offices the test date will be declared by the Exchange in advance and the information will be placed on the website. These details are available under ‘NCFM > Tests > Test at other locations’.
When can I take the test?
You may choose to enroll online for the test date and time you desire and as per display of seats in the online test schedule. However for tests at other locations, the Exchange will specify the test date and time when the same is declared.
When will I receive the Hall ticket?
When you enroll online you may print the hall ticket immediately as the confirmation
of the same is available online. For tests at other locations, you will receive an email
alert on enrollment and you may print the hall ticket at your end by logging in your
online account. You will also get an SMS alert on enrollment if a proper mobile number is provided by the candidate.
Can I reschedule the test?
Rescheduling tests for whatever reasons, is not possible. You may re-apply.
What is the format of the test?
All the NCFM Modules are online tests only. Only a basic knowledge of computers is
required. The format is very simple, and the test administrator will guide the candidate incase of any difficulty.
Are practice tests available?
Model tests are available for certain modules on the NSEIL website. The mock test is
provided to get the candidates acquainted with the pattern for NCFM test, the method for selecting / deselecting the options on the computer.
When do I get my result and the certificate?
Score card (only if photograph is uploaded) is provided to the candidate immediately
on submission of the answer paper. A certificate is mailed within 15 to 20 days from
the test date to the successful candidates. However, in case of FPSB India Exam 1
to 4, a certificate is mailed within 30 to 40 days from the test date to the successful
candidates.
Is there negative marking?
All modules (except Financial Markets: A Beginners’ Module, Risk Management &
Insurance Planning Module, Retirement Planning & Employee Benefits Module,
Investment Planning Module and Tax Planning & Estate Planning Module) carry negative marking. Negative marking is 25% of the marks for the wrongly attempted question.
I have further queries, who should I address my queries to?
For further queries/assistance, kindly contact the nearest NSEIL office (Monday to Friday between 9:30 am to 5:30 pm only)
Contact Details:
National Stock Exchange of India Ltd.
United India Building, 2nd Floor
Near Kashmir Emporium
Sir Phirozeshah Mehta Road
Fort, Mumbai-400001
National Stock Exchange of India Ltd.
Exchange Plaza, Bandra-Kurla Complex,
Bandra (East), Mumbai 400051
Tel: (022) 26598252 / 8216
Tel: (022) 26598171 / 72
Tel: (022) 26598100 - 114
Fax: (022) 26598393
e-mail: ncfm@nse.co.in
National Stock Exchange of India Ltd.
4th Floor, Jeevan Vihar Building
Parliament Street, New Delhi-110001
Tel: (011) 23344313-27
Fax: (011) 23366658
e-mail: ncfm_delhi@nse.co.in
National Stock Exchange of India Ltd.
1st Floor, Park View Apartments
99, Rash Behari Avenue
Kolkata – 700029
Tel: (033) 24631802-1805,
Tel: (033) 24631809-1812
Fax: (033) 24631791
Fax: (033) 24631806
email: ncfm_kolkata@nse.co.in
National Stock Exchange of India Ltd.
2nd Floor, Ispahani Centre, Door No.
123-124, Nungambakkam High Road,
Nungambakkam, Chennai - 600034
Tel: (044) 28332500/01
Fax: (044) 28332521
email: ncfm_chennai@nse.co.in
National Stock Exchange of India Ltd.
H No.3-6-322, Mahavir House, IInd Floor,
Chamber no.203 & 204
Basheerbagh, Hyderabad - 500029
Tel: (040) 23227084/5
Fax: (040) 23227086
email: ncfm_hyderabad@nse.co.in
National Stock Exchange of India Ltd.
406 Sakar II, Near Ellis Bridge,
Ahmedabad – 380006
Tel: (079) 26580212 - 13
Fax: (079) 26576123
email: ncfm_ahmedabad@nse.co.in
NCFM
Build, Enhance and Test Knowledge
Monday, December 8, 2008
Lok Sabha elections likely in April-May
Elections to the Lok Sabha are likely to be held on schedule in April-May next year and there is no "particular interest" to advance it unless absolutely necessary, Chief Election Commissioner N Gopalaswami said on Monday.
"The Lok Sabha elections are likely to be held between mid-April and mid-May. We have no particular interest in advancing it unless there is an absolutely great need for that," he said.
Normally, the Chief Election Commissioner said as a convention the elections are held just before the government's term ends.
"Elections will take place in the normal course," he said.
When asked whether his comments meant that the elections would be held "only" in April-May, Gopalaswami said there were "no procedural difficulties" in holding them earlier.
Source: http://www.ndtv.com/convergence/ndtv/story.aspx?id=NEWEN20080075658
Friday, December 5, 2008
Cognizant Jumbo Walk-In Interviews @ Chennai -13/Dec/08: Helpdesk/System Admin/IT IS Skills
Cognizant Jumbo Walk-In Interviews @ Chennai -13/Dec/08: Helpdesk/System Admin/IT IS Skills
For all the below mentioned vacancies with Cognizant: Interviews would be held on the same day & same venue
Skill:
BPO/Call Centre/Help desk employees with technical voice-based support can walk-in and join IT industry : 2+Yrs Exp
Oracle DBA : 4+Yrs Exp
DB2 DBA : 4+Yrs Exp
UDB DB2 : 4+Yrs Exp
SQL DBA : 4+Yrs Exp
IMS DBA : 4+Yrs Exp
Informix DBA : 4+Yrs Exp
Websphere Admin : 4+Yrs Exp
Weblogic Admin : 4+Yrs Exp
MS Exchange : 6+Yrs Exp
Academics: Any Diploma/Graduate with regular full time degree
Eligibility: As per the years of experience given in the above column
Ability to work independently and in a team
Good verbal and written communication skills
Should be willing to relocate to domestic/onsite locations/willing to work in shifts
Date: Saturday, 13th Dec 2008
Time: 9.00 AM to 3.00 PM
Contact Person: Ashok Ranjith R
Job Location: Chennai/Bangalore
Compensation: Salary is not a constraint for the right candidate. Cognizant provides the best salary package in the industry.
Email ID: itiscareers.cbe@cognizant.com
Interview venue:
Cognizant Technology Solutions
Whites Road Circular Building, First Floor
# 38 & 39, Whites Road, Royapettah
(Behind Sathyam Theater, Mount Road)
Chennai - 600 014
Wednesday, December 3, 2008
Right to information Act In india
Where can one find the Public Information Authority (PIO)?
Each public authority must designate a PIO at every administrative unit or office under it to provide information to citizens under the RTI. The process of designating such officers is on and, by October 12, 2005, a PIO must be in place in almost all the offices of the public authorities.
It is possible that a designated PIO may not have the information requested for readily available. In that case, he may seek the assistance of any other officer and inform the person requesting the information accordingly.
The RTI says that any officer, whose assistance has been sought by the PIO for the proper discharge of his or her duties, shall render all assistance and for the purpose of contraventions of the provisions of this Act, such other officer shall be treated as a PIO.
How to get the text of the RTI Act?
The Web site persmin.nic.in provides a link to RTI that leads to http://persmin.nic.in/RTI/WelcomeRTI.htm where the legal texts can be found. There are further links to frequently asked questions (FAQ) on RTI.
http://www.ksphc.org/right-to-information.htm link in Karnataka
right_to_information_application in PDF
right_to_information_application in PDF for download
Job portal for BPO Resource
| BPO.biz : One stop bpo resource - BPO Portal launched. BPO Portal launched.BPO.biz features BPO Jobs for job seekers and BPO employers, Free BPO classified Ads, BPO industry news, blog & updates, BPO Business Directory and more. BPO Jobs: BPO.biz is the exclusive place where you will find the best of bpo & call center jobs. We bring you the openings existing in the top Indian BPO companies thus helping you to get the best BPO jobs in India. If your are a recruiter or direct employer looking for the best candidates for your BPO job vacancies, BPO.biz offers you the best place to win them. It's completely free to post your BPO, Call center job vacancies here. Yes, we don't charge you for this till 10 jobs. We understand BPO industry and we know your BPO company needs. Just go ahead, lets reach the best of the candidates out there.
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Thursday, November 27, 2008
Estimated tax payment calculator for Non-PF employees
Hi All,
It’s a beginning of December month which is going to hit and for all salaried employees company will ask to submit investment proof. Now everyone will be under confusion how much I have to shell out and whether my investments qualify for tax benefit or not? To make your life easy I here with enclosing an attachment excel which will calculate your tax liability for the financial year 2008 to 2009 ( i.e. 1st of April 2008 to 31st March 2009)
One can make use of this excel and if some has any question they can post as a comment. I will try to reply ASAP.
Thanks,
KSK
Six Sigma Certification and it's benefits
Six Sigma is a business management strategy, originally developed by Motorola, that today enjoys widespread application in many sectors of industry.
Six Sigma seeks to identify and remove the causes of defects and errors in manufacturing and business processes. It uses a set of quality management methods, including statistical methods, and creates a special infrastructure of people within the organization ("Black Belts" etc.) who are experts in these methods. Each Six Sigma project carried out within an organization follows a defined sequence of steps and has quantified financial targets (cost reduction or profit increase
Bottom line cost savings (5%-20% of turnover per annum)
Improved quality of product or service as perceived by the customer (internal and external customers)
Reduction in process cycle times
Development of staff skills
Common language throughout the organization
World class standard
For the individual
Improved knowledge and skills
Ability to use a wide range of tools and techniques
A status that is recognised world wide
Black Belt: Leads problem-solving projects. Trains and coaches project teams.
Green Belt: Assists with data collection and analysis for Black Belt projects. Leads Green Belt projects or teams.
Master Black Belt: Trains and coaches Black Belts and Green Belts. Functions more at the Six Sigma program level by developing key metrics and the strategic direction. Acts as an organization’s Six Sigma technologist and internal consultant.
Yellow Belt: Participates as a project team member. Reviews process improvements that support the project.
White Belt: Can work on local problem-solving teams that support overall projects, but may not be part of a Six Sigma project team. Understands basic Six Sigma concepts from an awareness perspective.
Wednesday, November 26, 2008
Useful Toll Free Numbers of India
Indian Airlines -180 180 1407
Jet Airways - 1800 22 5522
Spice Jet - 1800 180 3333
Air India -- 1800 22 7722
Kingfisher - 1800 180 0101
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Banks
ABN AMRO - 1800 11 2224
Canara Bank - 1800 44 6000
Citibank - 1800 44 2265
Corporation Bank - 1800 443 555
Development Credit Bank - 1800 22 5769
HDFC Bank - 1800 227 227
ICICI Bank - 1800 333 499
ICICI Bank NRI - 1800 22 4848
IDBI Bank - 1800 11 6999
Indian Bank - 1800 425 1400
ING Vysya - 1800 44 9900
Kotak Mahindra Bank - 1800 22 6022
Lord Krishna Bank - 1800 11 2300
Punjab National Bank - 1800 122 222
State Bank of India - 1800 44 1955
Syndicate Bank - 1800 44 6655
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Automobiles
Mahindra Scorpio - 1800 22 6006
Maruti - 1800 111 515
Tata Motors - 1800 22 5552
Windshield Experts - 1800 11 3636
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Computers/IT
Adrenalin - 1800 444 445
AMD - 1800 425 6664
Apple Computers - 1800 444 683
Canon - 1800 333 366
Cisco Systems - 1800 221 777
Compaq - HP - 1800 444 999
Data One Broadband - 1800 424 1800
Dell - 1800 444 026
Epson - 1800 44 0011
eSys - 3970 0011
Genesis Tally Academy - 1800 444 888
HCL - 1800 180 8080
IBM - 1800 443 333
Lexmark - 1800 22 4477
Marshal's Point - 1800 33 4488
Microsoft - 1800 111 100
Microsoft Virus Update - 1901 333 334
Seagate - 1800 180 1104
Symantec - 1800 44 5533
TVS Electronics - 1800 444 566
WeP Peripherals - 1800 44 6446
Wipro - 1800 333 312
Xerox - 1800 180 1225
Zenith - 1800 222 004
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Indian Railway Enquiries
Indian Railway General Enquiry 131
Indian Railway Central Enquiry 131
Indian Railway Reservation 131
Indian Railway Railway Reservation Enquiry 1345,1335,1330
Indian Railway Centralised Railway Enquiry 1330/1/2/3/4/ 5/6/7/8/9 =====================================================================================================================
Couriers/Packers & Movers
ABT Courier - 1800 44 8585
AFL Wizz - 1800 22 9696
Agarwal Packers & Movers - 1800 11 4321
Associated Packers P Ltd - 1800 21 4560
DHL - 1800 111 345
FedEx - 1800 22 6161
Goel Packers & Movers - 1800 11 3456
UPS - 1800 22 7171
=====================================================================================================================
Home Appliances
Aiwa/Sony - 1800 11 1188
Anchor Switches - 1800 22 7979
Blue Star - 1800 22 2200
Bose Audio - 1800 11 2673
Bru Coffee Vending Machines - 1800 44 7171
Daikin Air Conditioners - 1800 444 222
DishTV - 1800 12 3474
Faber Chimneys - 1800 21 4595
Godrej - 1800 22 5511
Grundfos Pumps - 1800 33 4555
LG - 1901 180 9999
Philips - 1800 22 4422
Samsung - 1800 113 444
Sanyo - 1800 11 0101
Voltas - 1800 33 4546
WorldSpace Satellite Radio - 1800 44 5432
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Investments/ Finance
CAMS - 1800 44 2267
Chola Mutual Fund - 1800 22 2300
Easy IPO's - 3030 5757
Fidelity Investments - 1800 180 8000
Franklin Templeton Fund - 1800 425 4255
J M Morgan Stanley - 1800 22 0004
Kotak Mutual Fund - 1800 222 626
LIC Housing Finance - 1800 44 0005
SBI Mutual Fund - 1800 22 3040
Sharekhan - 1800 22 7500
Tata Mutual Fund - 1800 22 0101
=====================================================================================================================
Travel
Club Mahindra Holidays - 1800 33 4539
Cox & Kings - 1800 22 1235
God TV Tours - 1800 442 777
Kerala Tourism - 1800 444 747
Kumarakom Lake Resort - 1800 44 5030
Raj Travels & Tours - 1800 22 9900
Sita Tours - 1800 111 911
SOTC Tours - 1800 22 3344 =====================================================================================================================
Healthcare
Best on Health - 1800 11 8899
Dr Batras - 1800 11 6767
GlaxoSmithKline - 1800 22 8797
Johnson & Johnson - 1800 22 8111
Kaya Skin Clinic - 1800 22 5292
LifeCell - 1800 44 5323
Manmar Technologies - 1800 33 4420
Pfizer - 1800 442 442
Roche Accu-Chek - 1800 11 45 46
Rudraksha - 1800 21 4708
Varilux Lenses - 1800 44 8383
VLCC - 1800 33 1262
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Insurance
AMP Sanmar - 1800 44 2200
Aviva - 1800 33 2244
Bajaj Allianz - 1800 22 5858
Chola MS General Insurance - 1800 44 5544
HDFC Standard Life - 1800 227 227
LIC - 1800 33 4433
Max New York Life - 1800 33 5577
Royal Sundaram - 1800 33 8899
SBI Life Insurance - 1800 22 9090
=====================================================================================================================
Hotel Reservations
GRT Grand - 1800 44 5500
InterContinental Hotels Group - 1800 111 000
Marriott - 1800 22 0044
Sarovar Park Plaza - 1800 111 222
Taj Holidays - 1800 111 825
=====================================================================================================================
Teleshopping
Asian Sky Shop - 1800 22 1800
Jaipan Teleshoppe - 1800 11 5225
Tele Brands - 1800 11 8000
VMI Teleshopping - 1800 447 777
WWS Teleshopping - 1800 220 777
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Others
Domino's Pizza - 1800 111 123
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Cell Phones
BenQ - 1800 22 08 08
Bird CellPhones - 1800 11 7700
Motorola MotoAssist - 1800 11 1211
Nokia - 3030 3838
Sony Ericsson - 3901 1111
Recession
Weakening of the American economy is bad news, not just for India, but for the rest of the world too.
So what is a recession?
A recession is a decline in a country's gross domestic product (GDP) growth for two or more consecutive quarters of a year. A recession is also preceded by several quarters of slowing down.
An economy which grows over a period of time tends to slow down the growth as a part of the normal economic cycle. An economy typically expands for 6-10 years and tends to go into a recession for about six months to 2 years.
A recession normally takes place when consumers lose confidence in the growth of the economy and spend less.
This leads to a decreased demand for goods and services, which in turn leads to a decrease in production, lay-offs and a sharp rise in unemployment.
Investors spend less as they fear stocks values will fall and thus stock markets fall on negative sentiment.
Stock markets & recession
The economy and the stock market are closely related. The stock markets reflect the buoyancy of the economy. In the US, a recession is yet to be declared by the Bureau of Economic Analysis, but investors are a worried lot. The Indian stock markets also crashed due to a slowdown in the US economy.
The Sensex crashed by nearly 13 per cent in just two trading sessions in January. The markets bounced back after the US Fed cut interest rates. However, stock prices are now at a low ebb in India with little cheer coming to investors.
Current crisis in the US
The defaults on sub-prime mortgages (homeloan defaults) have led to a major crisis in the US. Sub-prime is a high risk debt offered to people with poor credit worthiness or unstable incomes. Major banks have landed in trouble after people could not pay back loans (See: Subprime pain: Who lost how much)
The housing market soared on the back of easy availability of loans. The realty sector boomed but could not sustain the momentum for long, and it collapsed under the gargantuan weight of crippling loan defaults. Foreclosures spread like wildfire putting the US economy on shaky ground. This, coupled with rising oil prices at $100 a barrel, slowed down the growth of the economy.
How to fight recession
Tax cuts are the first step that a government fighting recessionary trends or a full-fledged recession proposes to do. In the current case, the Bush government has proposed a $150-billion bailout package in tax cuts.
The government also hikes its spending to create more jobs and boost the manufacturing and services sectors and to prop up the economy. The government also takes steps to help the private sector come out of the crisis.
Past recessions
The US economy has suffered 10 recessions since the end of World War II. The Great Depression in the United was an economic slowdown, from 1930 to 1939. It was a decade of high unemployment, low profits, low prices of goods, and high poverty.
The trade market was brought to a standstill, which consequently affected the world markets in the 1930s. Industries that suffered the most included




