Tuesday, February 17, 2009

FDI

  • LLPs set to be allowed w.e.f 01.04.2009
    • Limited Liability Partnerships, is the format that will allow professionals, traders and even producers of goods to conduct their business without worrying about losing their personal assets due to lapses of other partners.
    • An LLP would be taxed for its income while the income of individual partners would be tax free; a benefit that is not available to companies. Companies pay tax on their profits and again pay dividend distribution tax when they distribute profits among shareholders. The LLP format protects partners from double taxation.


  • Change of rules regarding computing foreign investment in Indian companies makes compliant companies violators of FDI norms
    • The government announced new rules for calculating the FDI in a corporate entity.
    • Now, FII holdings, ADRs/GDRs, NRI investment and foreign investment through foreign currency convertible bonds would all be included while calculating FDI levels of Indian companies. These instruments were not part of the FDI calculation till now. An announcement specifying the compliance period is expected within a week. The current proposal is to fix August 31 as the last date for compliance with the new FDI norms, and the final deadline would be finalised after inter-ministerial consultations.

    Monday, February 16, 2009

    Buget 2008-9

    Basic quality education
    employment
    NREGS
    Agriculture
    INfra
    rural deve
    fiscal prudence
    fiscal devolution

    GDP-7.5/9.5/9.7
    IE-over 9% 3 consecutive yrs
    PErcapita-4.5%
    FIscal deficit-2.6
    reve-1.1
    investemnet-39%
    saving rate-37%
    GCF in Agri-14.2%-07-08

    tax/gdp-12.5
    inspiring leadership

    2008 our granery are full

    food-230mtoons 07-8

    manu-9.4
    commu n constra
    foregin trae-35% of GDP
    Marco ecomonmic-capital inflow -9% of GDP
    inflation 08-09- crude iol-28(03-4)-147 in 08
    WPI-13% in aug 08- 4.4 present
    Global finncial crisis-sep 08 -investment.mortage n broking
    USA/EU n japan
    fiscal stimulus
    credit availability
    removal of import n export ban
    procedural problem
    libral n transparent FDI
    FDI-32.4b 07-8
    Extraordinary circumstances need extranodianay measures
    Additional fiscal measures
    13th FC-fiscal consolodation
    policy reform for competitive
    "growth with equity"
    "social security net"
    equitable -economic growth should be sustanable
    inclusive "
    NCMP-growth more inclusive
    "faster n inclusive growth"
    Agri-60% pop in villages
    03-08 plan aallocatio
    Rastiya krsihi viaksa yojna-4000 crores
    04-doubleing the flow the growth of credit-250000 crores
    reviavl pacage
    interest subvention-shaort term loan -3% /annum
    debt waiver scheme-65000 crores
    Targeted PDS /CIP
    annotadaya anna yojna
    Remunerative prices for farmers
    wheat-1080
    rice

    Rural development-RIDF-14000crore
    RIDA-4000 crores
    60 lakhs houses constructed under Indira awas yojna
    Incentive -3F
    Development of POSt- Project "ARROW" to revitaise its core operation

    Litracy
    universal
    MMR
    IMR
    gender Equality
    livlihood
    UNiversalise education-Secondary
    Higher education-Skill n knowlegede -900% increse in aloocation in 11th FYP
    15 CEntral UNi
    IIT-pun,bhiar,ap,rah,orisaa,guj
    UP n HP in 2009
    IISR-bhopal,pune
    2 scholl of planning Viajaywada n bhopal
    6 IIM
    educational schems
    500 ITI upgarder as centre of excelllece
    skill devenpmt mission

    Socail sector
    Empowerment of women
    Minority -new ministry-15 point programmes
    ST n frorest dweler -2007 legal right on their land
    NSKFDC-safai
    cRedit link
    RMkosh
    "Priyadarsani"-Rural employment women
    Indira G penssion scheme-65 n above BPL
    IGDisability -(
    IF window-200(40-60)
    18-40- Pririrty to give admission in ITI -500pm
    NHIS-22State n UT
    AAM admi Beema yojna-
    Roral landless schaem-
    PSU-11 lakj
    CPUprofits -91000 crores
    loss makeing -55
    profit-158 making
    implementaio n of CPSE corpotate
    NIF-75% social sector scheme n 25% to use the profitable n reviable to sick(1815 crore)

    PSU bank
    NPA-2.3% in 08

    Securirt market
    FII Traing n reserach iNstitute
    transparent
    aompanies ACt-Amendment
    Tax system
    personal IT
    custom duty rate
    excise duty
    GST-April 2010
    e-filing of return
    taxpayer information system
    TAx adm -functional stabity
    compliance leve;
    109 marrie vessaal for custom

    ARC-
    acoounablee suastable n efficent
    delivet system
    RTI
    public dession making
    6th PC-45lakh centaral n 38 lakh pensiores

    buget 9lkah crore-08-09
    plan-2.8 lakh crore
    add plan-
    centarl
    JNURUM
    Sunami

    NOM plan-1.8
    food subsidy
    agric debt waiver
    pension

    telecommution
    Central assiatance

    NOn tAx revenue-1lakh crore
    TAx recepits-6.5 lakh crore
    GBS

    DIPP
    commonwealth games
    NREGS-feb 03 -3.1 crore household
    SSA(primary)-98% education has been coverd
    now imphasis on quality

    Mid Day Meal-hinger, gender parity,
    ICDS-Malnutruiion,Child food stds under whO
    NHRM-12070
    BHarat nirma- 05-09

    Saturday, February 14, 2009

    15feb09

    Srilankan ARmy

    shia-sunni issue

    Pak prez said that taliban is creating prob
    Iraq prob?

    railway
    budget
    safety has improved
    head on collision
    gateless gates
    negligence of raiway stff
    Zer tolranace
    technology
    Anti collision devices
    contineous effort
    Manned railway crossing-at small places
    700 un manned level crossing-over bridge,rail under bridge
    RPF-has vacencies,theft
    operating ratio-decreseed due to 6th pay commison
    technical devices-track circuiting,walky-talky,
    unwanted people should be removed frm plateform to avoid theft etc
    refresher courses to staff-Capacity building

    Economic crisis

    Economic crisis " whose crisis is this"-

    This is the crisis of poor people and of those who are dependent on job,this will exacerbate the crisis of economic recession and has impacted the poor.
    Migration of poor from cities to villages has been started.
    Outsourcing
    Textile industry
    Sensex tanks
    in long run the infra development will reduce coz laon will become costlier
    demand is less and savings are more
    All sector that depends on export will be impacted
    Real estate
    SEZ -many sez developer hav selved their plan
    Less oppourtunities for creative enerprises
    tourism
    socialisation of private losses

    but this also provides the oppourtunity for the countrymen n govt to deal effectively by this by spending on infra and make rules and regulations more stringent so that crisis like this can we avoided .

    Friday, February 13, 2009

    Prez speech

    terrorism
    national development
    long term
    education
    =science
    flagship programme-NREGA
    Reconstruction program-militancy affected states
    Rural-urban balance,Gandhi ji want
    peace dividend
    democracy deficit
    changes in North-east-development
    power-sharing arrangement in Sri-Lanka-Plural Sri-lanka

    opposition Criticism is a very important for democracy
    politics should be consesual and inclusive
    15 Pont programme in Minority
    Safety Net by Government-Recession
    PRI running much better than before
    Forex reserve

    Thursday, February 12, 2009

    terrorism and pakistan is ging to create problen in the future if iNdia is not able to take the effective steps in coming years .Theaction taken by india has been paid of .yesterday pakistan has admitted that the 26/11 has been planned on their land. INdiA HAS TO TAKE DECISIVE AND credible action to tackle this menace.
    IQ and EQ give way to spiritual intelligence, the ultimate intelligence that can add value and meaning to your lifeFor long, the world gave much importance to Intelligence Quotient. "My son has an IQ of 210!" the proud mother would gush. "He's going to be a scientist." This attitude is a legacy of the early 20th century when psychologists devised tests to measure intelligence. These tests primarily measured intellectual or rational intelligence (used to solve logical problems). The higher the figure, the belief went, the greater the intelligence.
    In mid-1990s, Daniel Goleman revealed findings in neuroscience and psychology that stressed the importance of Emotional Quotient (EQ). This makes us aware of our feelings and that of others. It gives empathy, motivation, compassion and an ability to respond skillfully to pleasure and pain. Goleman argued that EQ was a basic requirement for the use of IQ. If the areas of our brain that feel are damaged, our ability to think effectively is diminished.
    Last year, however, authors Dana Zohar and Ian Marshall introduced a new dimension to human intelligence. Spiritual Quotient (or SQ) is the ultimate intelligence, they claim. This is the intelligence used to solve problems of meaning and value. "Is my job giving me the fulfillment I seek?" "Am I relating to the people in my life in a way that contributes to their happiness and mine?" Answers to these questions determine whether we will find happiness or not. IQ and EQ are inadequate in such issues."Spiritual intelligence," explains Ram Mohan, a Vedanta teacher, "is about the growth of a human being. It is about moving on in life. About having a direction in life and being able to heal ourselves of all the resentment we carry. It is thinking of ourselves as an expression of a higher reality. It is also about how we look at the resources available to us. We realize that nature is not meant to be exploited. Ultimately, we discover freedom from our sense of limitation as human beings and attain moksha."
    Anand Tendolkar, a workshop leader, says: "For me spiritual intelligence is about pondering over my life's purpose. Just being in touch with that question is fulfilling. Finally I realize that there is an immensity to me. As I move along the path, deeper levels of myself get unfolded, leading to fulfillment."
    Humans are essentially spiritual beings, evolved to ask fundamental questions. "Who am I?" "Where am I going?" "What do others mean to me?" It is an ability to answer questions like these that lead people to personal growth workshops. Spiritual intelligence motivates people to balance their work schedules to spend time with the family. Or an executive with a high SQ might look beyond profit margins and devote time for voluntary work with orphans. Spiritual intelligence also addresses the need to place one's life in a shared context of value.
    The transformative power of SQ distinguishes it from IQ and EQ. IQ primarily solves logical problems. EQ allows us to judge the situation we are in and behave appropriately. SQ allows us to ask if we want to be in that situation in the first place. It might motivate us to create a new one. SQ has little connection to formal religion. Atheists and humanists may have high SQ while someone actively religious may not.
    "The awakening of our spiritual intelligence may be a time of great joy and meaning," says Anita Pandey, who frequents personal growth programs. "Suddenly I had a feeling of being in control. Earlier things happened to me. Now I am more aware. Also, I have actually started living those values I had heard about—like acceptance and unconditional love."In their book Spiritual Intelligence—The Ultimate Intelligence, Zohar and Marshall discuss the scientific evidence for SQ. In the 1990s, research by neuropsychologist Michael Persinger and neurologist V.S. Ramachandran at the University of California led to an identification of a 'God-spot' in the human brain. This area is located among neural connections in the temporal lobes of the brain. During scans with positron emission topography, these neural areas light up whenever research subjects are exposed to discussion of spiritual topics. Of course, this is culture specific, with Westerners responding to ideas of 'God' and Buddhists and Hindus responding to certain symbols. While the God-spot does not prove the existence of 'God', it does indicate that the brain is programmed to ask ultimate questions.
    We use spiritual intelligence to transform ourselves and others, heal relationship, cope with grief, and move beyond conditioned habits of the past. To develop high SQ, each person needs to approach the task according to his/her personality.
    J.L. Holland divided people into six personality types (take the test) and devised tests to determine one's type, or the mix.
    On each personality test we would have scored between zero and 12. This indicates the strength of our interest in that sector of life. An average adult will score 6 or more on perhaps three of the personality types. For example, we might score highest (say nine) on the artistic type, but score seven on the enterprising type and six on the investigative. Naturally, we must allow for some degree of overlap between the different types.
    Once we know our personality type, we can better choose our particular path to higher SQ.
    CONVENTIONAL TYPE: THE PATH OF DUTYWe follow this path by serving the community. This is done by realizing our life's purpose and following it with full commitment. We have the interest of humanity in mind and pursue what we truly love for others' sake. Many of us may want to associate ourselves with a specific organization to fulfill this ambition. Whatever outlet we choose, we must avoid two common mistakes that people on this path make. Avoid becoming narcissistic. It is an easy trap to slip into. At one point we may withdraw completely from relationships and focus only on ourselves. Behaviors associated with such self-absorption include lying in bed late, heavy drinking and smoking and overindulgence in food and sex. A narcissist must address his problems adequately through therapy or spiritual practices before he can progress on the path of duty.Avoid extreme identification with your group and its uncritical championing. We must realize that there is a place in the world for groups whose values differ from ours.
    SOCIAL TYPE: THE PATH OF NURTURINGThis path is about loving, nurturing and protecting. It corresponds to the Mother Goddess. People on this path include parents, teachers, nurses and therapists, who reach out to others with acceptance and compassion and provide them with the space to grow and find themselves.
    To pursue this path, the right attitude is crucial. "How can I serve others when I myself need so much from others?" explains Ram Mohan. "For example, I live in a city where many of the things I consume—like food and medicines—are not produced. I need the efforts of so many people to make life possible. I realize that I am only making my talents available to people in return for things I am receiving. When I look at it this way, it helps me face the many disappointments I may encounter."
    It is important to be mindful of the way we help others. A distorted way is to succumb to the shadow aspect of love and nurturing, which is hatred and revenge. Love can be patient and kind but when we do not truly love ourselves, our love for others becomes bitter and destructive.
    Another common failing is to suffocate the person we seek to love. We have to give the person space to grow. To pursue this path effectively, we must be receptive and listen to the other person. We must be willing to reveal ourselves to others. A risk-free approach is unlikely to succeed.When we meet great teachers, one striking thing about them is their ability to truly be there for another person. Such attention and empathy is rare. To pursue this path, we must model ourselves on a teacher or mentor who has already clarified his life before reaching out to others.
    INVESTIGATIVE TYPE: THE PATH OF KNOWLEDGEThe path of knowledge covers a broad range of experience. It could be something as simple as solving everyday problems. Or, as vast as pursuing a spiritual path. Most people on this path are scholars, scientists or those who have an intense love of learning.
    How we pursue this path can have profound benefits for mankind. One can engage in research that solves problems plaguing mankind. For instance, a scientist could devise a cheap fuel that is eco-friendly.
    While the potential of this path is limitless, we must clarify our intention in pursuing it.
    We must realize that all things are interconnected and we cannot apply our knowledge to one area of experience without having profound effects on others.
    Nandan Savnal, Mumbai-based NLP trainer, alerts us to another crucial aspect: "One of the most important challenges on this path," he says, "is whether you are going to be honest with yourself and question things. When you investigate matters, your value system will be challenged. You will have to press on regardless. You cannot afford to operate from your comfort zone."Another spiritually unintelligent way to walk this path that must be avoided is using our talent to support morally reprehensible work. Like the historians who deny the Holocaust or those who devote themselves to spreading racist propaganda.
    ARTISTIC TYPE: THE PATH OF PERSONAL TRANSFORMATIONWriters, artists, musicians and their like constitute only 10 to 15 percent of the population. But most of us walk this path to some extent. The task facing such people is personal and transpersonal integration. We must explore the depths of ourselves and weld the disparate fragments into a harmonious whole.
    The path most closely associated with the brain's God-spot activity, people here are most open to extreme emotions and eccentric behavior. For this reason, artists are most often thought of as society's healers (or shamans). They journey into the unknown and return with a fragment that can heal us all. This is the process that has created some of the world's greatest art.
    Cultures throughout history have treated the artist as someone blessed with special vision. Indeed, their capacity to create societal awareness is profound. Consider the great saint-poets like Rumi and Kabir.
    For Savnal, engaging with great stories from different traditions has been therapeutic. "When I was young," he says, "I was fascinated by the story about Bhima in which he has a wrestling match and jumps up with the strength of ten elephants every time he is knocked down. With time, I realized that the suggestion is to bounce back with greater energy every time you face a setback."
    We must watch out for certain traps, however. One is becoming an aesthete—people concerned with form only who produce art purely for sensual gratification. Their goal is acquisition and display. Another common failing is to be a compulsive, permanent rebel. Such people will resist order and imagination in their art, fight committed relationships and even miss deadlines.The extremes described above are a turning away from conflict. But when an artist embraces his conflict he can claim his spiritual intelligence and produce art of lasting value.
    REALISTIC PERSON: THE PATH OF BROTHERHOODPriti Sen is a caring middle-aged mother and a devoted wife. Her husband is a rich, influential businessman. She loves socializing and also does charity work. Seemingly strong, cheerful and in charge of her life, the truth about her is not immediately obvious. Her teenage son lost both his legs in an accident. While her shattered husband and other children cry almost daily, Priti is quiet, sensible and calm. She busies herself caring for her son, building a new life for him. Her ability to accept adversity is a source of strength to her family.
    Priti exemplifies the attributes of the realistic type. Practical, no-nonsense, uncomfortable with overt feelings, these people personify the virtues of the hero. Their mission in life is to pursue the path of brotherhood and justice. It is to see a connection between themselves and all other beings. A Buddhist sutra describes this: "In the heaven of Indra (the king of the gods in the Hindu pantheon) there is a network of pearls so arranged that if you look at one, you see all the others reflected in it. In the same way, each object in the world is not merely itself, but involves every other object and in fact is every other object."Those who have internalized this precept form organizations that bring justice into the world. They decide how rights and goods are distributed for the benefit of all. This involves respect for the other's point of view. When such people work together in NGOs or spiritual organizations, they grow toward a deeper understanding that all people are players in a larger pattern.
    ENTERPRISING TYPE: THE PATH OF SERVANT-LEADERSHIPAll human groupings, families, tribes and societies need leaders to impart vision, motivation and purpose. Effective leaders must be confident, outgoing and comfortable with power. Truly great leaders are servant-leaders-those who serve humanity by creating new ways for people to relate to each other. They put the good of society above their own good and take society in new directions. Buddha and Jesus were such leaders. In India, we had Emperor Ashoka who, after his brutal conquest of Kalinga, converted to Buddhism and embraced nonviolence. And environmentalists like Sunderlal Bahuguna and Medha Patkar have forced people to look afresh at ecological issues.
    It must be stressed, however, that a servant-leader should have a great deal of inner clarity. A spiritually unintelligent way to walk this path is to use one's power to exploit others. Another mistake is to focus purely on one's petty needs and ignore the interests of the people we serve.
    "The challenge is to have a vision," says Ram Mohan. "After that, the task is to build trust and empower people to give their best." It is essential to do this ethically. In a corrupt society, there will be pressures on us and we must know how to handle it. To retain his balance, a leader would do well to think about trusteeship. Gandhi declared that when an individual has more than his proportionate share of wealth, he should become a trustee of that portion on God's behalf.
    It is to this noble vision of leadership that one must aspire. In an increasingly fragmented world, we need leaders of vision who can bring hope and purpose into the lives of others, someone who sees all of humanity as God's people. As Jesus said: "Not my will, Lord, but thine."
    The outline of the above paths is meant to help those who wish to develop their spiritual intelligence and gain a better awareness of themselves. To this awareness must be added the invaluable ingredient of hard work. But thinking of ourselves as spiritual beings is a useful start. Once we do this, we can enlarge our idea of intelligence to include this greater vision of ourselves.When we commit ourselves to the chosen paths in this light, we begin to imbue greater meaning, value and fulfillment in our lives.

    EIGHT SIGNS OF HIGH SQ
    1. Flexibility2. Self-awareness3. An ability to face and use suffering4. The ability to be inspired by a vision5. An ability to see connections between diverse things (thinking holistically)6. A desire and capacity to cause as little harm as possible7. A tendency to probe and ask fundamental questions8. An ability to work against convention

    SEVEN TYPES OF INTELLIGENCE
    With the popularity of EQ and SQ in recent years, it might be worth remembering an older way of conceiving intelligence, which helps cultivate individual aspects of ourselves. This is Howard Gardner's theory of Multiple Intelligence. In 1984, in his book Frames of Mind—The Theory of Multiple Intelligences, he offered a critique of IQ testing and suggested that what we possess is not one 'intelligence' but seven different intelligences. These are: logical-mathematical, linguistic, musical, bodily kinesthetic, interpersonal, intrapersonal and spatial.
    Intelligence Type:
    How To Develop It:
    Logical-Mathematical Intelligence This is what we use to manipulate concepts and arrange them into meaningful patterns. We develop this by constantly confronting objects, assessing them and reordering them. Linguistic IntelligenceThis is the intelligence that gives us sensitivity to language, an ability to absorb and manipulate it skillfully and to be aware of shades of meaning. Musical IntelligenceThis gives us our sensitivity to sound, our ability to arrange sounds into patterns pleasing to the human ear.Bodily-Kinesthetic IntelligenceThis is the intelligence that gives us the ability to perform tasks of great discipline and commitment with our bodies. Dancers, athletes and martial arts practitioners have this.Interpersonal IntelligenceThis gives us the ability to relate skillfully with others, to be aware of our feelings and the other person's, to see where the other person is coming from. Intrapersonal IntelligenceThis is about becoming truly aware of ourselves and having the ability to constantly purify ourselves in order to access higher levels of joy and power. Spatial Intelligence This form of intelligence calls upon our ability to create a mental image. It gives us the capacity to perceive the visual world accurately and to perform transformations and modifications upon our initial perceptions. Artists, designers and architects have this intelligence.
    1. Learn a computer language2. Work on logic puzzles3. Identify scientific principles around the house: pumps, bulbs etc. 1. Take a writing class2. Record yourself speaking into a tape-recorder3. Memorize passages of poetry 1. Sing in the shower2. Memorize tunes3. Spend time listening to music everyday 1. Take up martial arts like tai chi or karate2. Take up a sport3. Learn a craft such as woodworking or crochet 1. Decide to meet one new person a week and stay in touch.2. Join an NGO3. Spend 15 minutes a day listening actively to a friend. 1. Do a vipassana course and make it a part of your life2. Spend time with yourself everyday, just being quiet3. Read biographies of people with powerful personalities1. Take classes in painting, sculpture or photography 2. Buy a graphics software program and create designs on the computer 3. Watch films with attention to lighting, camera angles, color and other aspects of cinema.