HAPPY HOL!!!!!!!!!!!!

Wishes a very Happy & Colorful Holi to all of Our Readers !

NATIONAL SCIENCE DAY

National Science day is celebrated every year on 28^th Feb. - the day when Raman’s effect was invented by Prof C.V.Raman at Indian Institute of Science (IISC), Bangalore. After the formation of the forum on 4-10-94, following speakers have addressed on Science day in the forum till date.

Established	1909
Type	Research Institution
Director	P. Balaram
Location	Bangalore, Karnataka, India

The Indian Institute of Science (IISc) is a premier research institution of higher learning located in Bangalore, India. It was established in 1909. According to the journal Current Science,^[1] IISc currently ranks first in India in terms of research output and quality of faculty (citation and impact factor). It also ranks first among Indian universities (and South Asian universities) in the "Academic ranking of world universities" conducted by the Shanghai Jiao Tong University, China.

UNION BUDGET 2010-11

Highlights of the Union Budget 2010-11 presented by Finance Minister Pranab Mukherjee on Friday:

1. Net revenue gain from tax proposals at Rs 20,500 crore
2. Certain accredited news agencies exempted from service tax
3. Service tax to remain 10 per cent
4. Increase in duty on gold and silver import
5. Clean energy cess of Rs 50 per tonne to be levied on coal produced in India
6. 10 per cent central excise duty on all non-petroleum products
7. Structural changes in excise duties on cigarettes, cigars and cigarillos.
8. Revenue loss of Rs 26,000 crore on direct tax proposals.
9. 7.5 per cent duty on petrol, diesel, crude restored.
10. Exempt duty raised for all non-smoking tobacco producs
11. Investment linked tax deductions to be allowed to two
12. star hotels anywhere in the country.
13. Fiscal deficit seen at 4.8 per cent and 4.1 per cent in 2011—12 and 2012—13 respectively.
14. 20 per cent tax for income above Rs 5 lakh and up to Rs 8 lakh
15. 30 per cent tax for income above Rs 8 lakh.
16. Income Tax department ready with two—page Saral—2 return forms for individual salaried assesses
17. Surcharge on companies reduced to 7.5 per cent
18. Additional exemption of Rs 20,000 for long term investment in infra bonds
19. Ten per cent tax slab for income above 1.6 lakhs up to Rs. 5 lakhs.
20. No income Tax upto Rs. 1.6. lakhs
21. National Social Security Fund created for workers in unorganised sector with allocation of Rs.1,000 crore
22. Government to give Rs.1,000 for each National Pension Scheme account opened by workers in the unorganised sector
23. Exclusive skill development programme for the textile sector
24. Fifty percent hike in allocation for schemes for women and child development
25. Rs.4,500 crore allocated for ministry of social justice and empowerment, a hike of 80 percent
26. Rs.2,600 crore allocated for ministry of minorities affairs
27. Rs.1,900 crore for Unique Identification Authority of India
28. Rs.147,344 crore allocated for defence
29. 2,000 youth to be recruited in central paramilitary forces
30. Draft Food Security Bill prepared and will be put in the public domain
31. Allocation on primary education raised from Rs.26,800 crore to Rs.31,300 crore
32. Banking facilities to be provided to all habitations with a population of 2,000 and more
33. Rs.66,100 crore allocated for rural development in 2010—11; Rs.40,100 crore for National Rural Employment Scheme; RS.48,000 crore for Bharat Nirman
34. Rs.1,270 crore allocated for Rajiv Awas Yojna for slum dwellers, up from Rs.150 crore, an increase of 700 percent with the aim of creating a slum free India.
35. Forty—six percent of plan allocations in 2010—11 will be for infrastructure development
36. Coal Regulatory Authority to be set up to benchmark standards of performance
37. Allocation for new and renewable energy sector increased 61 percent from Rs.620 crore to Rs.1,000 crore in 2010—11
38. National Clean Energy Fund to be established
39. Rs.200 crore allocated as special package for Goa to prevent erosion and increase green cover.
40. Government committed to growth of SEZs.
41. Four—pronged strategy for growth of agricultural sector.
42. Rs.200 crore to be provided in 2010—11 for climate—resilient agricultural initiative.
43. Involvement of private sector in grain storage to continue for another two years.
44. In view of drought and floods, debt repayment period extended to June 2010.
45. Five more mega food processing projects in addition to 10 existing ones.
46. FDI flows in April—December 2009 $20.9 billion.
47. FDI policy to be made more user—friendly with one comprehensive document.
48. Apex level financial stability council to be set up for banking sector.
49. Indian Banking Association to give additional licences to private players.
50. Provision for further capital for regional rural banks.
51. Roadmap for reducing public debt in six months.
52. Implementation of direct tax code from April 2011.
53. Government actively engaged in finalising structure of general sales tax regime; hopes to implement it from April 2011.
54. Rs.35,000 crore raised from divestment in 2009—10; will be higher in 2010—11.
55. New fertiliser policy from April 2010; will lead to improved productively and more income for farmers.
56. Economy stabilised in first quarter of 2009—10; strong rebound in second quarter; overall growth at 7.2 and could be higher when Q3 and Q4 are taken into account.
57. Export figures for January encouraging.
58. Hope to breach 10 percent growth mark in not too distant future.
59. Government set in motion steps to bring down food inflation.
60. Need to review stimulus package; need to make growth more broad—based.
61. India has weathered global economic crisis well; Indian economy in far better position than it was a year ago. In 2009 Indian economy faced grave uncertainty; delay in
62. southwest monsoon had undermined agricultural production.
63. First challenge now is to quickly revert to 9 percent growth and then aim for double digit growth; need to make recovery more broadbased.
64. Second challenge is to make growth more inclusive; have to strengthen food security.
65. Third challenge is to overcome weakness in government’s public delivery mechanism; a long way to go in this.

Credit Information Bureau of India

CIBIL : India's first credit information bureau; is a repository of information, which contains the credit history of commercial and consumer borrowers. CIBIL provides this information to its members in the form of credit information reports.

• Headquarter: Mumbai

• Managing Director: Mr. Arun Thukral
  

We Love You Sachin....

PM hails Tendulkar for ODI double ton

Terming it a 'magnificent achievement', the prime minister said that Tendulkar had led by example and Indians were proud of his achievement.

Manmohan Singh also wished Tendulkar 'many more glorious years' in cricket.

Tendulkar became the first ever batsman to hit a double century in one-day internationals, scoring an unbeaten 200 off 147 balls against South Africa in Gwalior Wednesday. He broke the record of Zimbabwean Charles Coventry (194 not out) set against Bangladesh last year.

FIMMDA

The Fixed Income Money Market and Derivatives Association of India (FIMMDA), an association of Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers and Insurance Companies was incorporated as a Company under section 25 of the Companies Act, 1956 on June 3rd, 1998. FIMMDA is a voluntary market body for the bond, money and derivatives markets.

FIMMDA has members representing all major institutional segments of the market. The membership includes Nationalized Banks such as State Bank of India, its associate banks and other nationalized banks; Private sector banks such as ICICI Bank, HDFC Bank, IDBI Bank; Foreign Banks such as Bank of America, ABN Amro, Citibank, Financial institutions such as IDFC, EXIM Bank, NABARD, Insurance Companies like Life Insurance Corporation of India (LIC), ICICI Prudential Life Insurance Company, Birla Sun Life Insurance Company and all Primary Dealers.

	Headquarters	Key people
ICICI BANK	Mumbai	K.V. Kamath,Chairman	India's largest private sector bank by market capitalization and second largest overall in terms of assets
HDFC BANK	Mumbai	Mr Deepak Parekh( founder) Mr. Aditya Puri,MD	The first companies to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector.
IDBI BANK	Mumbai	Yogesh Agarwal, Chairman	one of India's leading public sector banks and 4th largest Bank in overall ratings. RBI categorized IDBI as an "other public sector bank".
BANK OF AMERICA	Charlotte, NC, USA	Walter E. Massey Chairman of the Board Brian Moynihan President and CEO	the largest bank holding company in the United States, by assets, and the second largest bank by market capitalization.
ABN Amro	Amsterdam, Netherlands	Gerrit Zalm (CEO)	a Dutch bank, he bank was created as the result of the 1990-91 merger between Amsterdam-Rotterdam (AMRO) Bank and ABN, whose history dated back to the founding of the Nederlandsche Handel-Maatschappij bn 1824.
EXIM BANK	MUMBAI	Smt. Ravneet Kaur CMD	anIndian government-owned financial institution for the public sector created by and Act of the Parliament of India: the Export-Import Bank of India Act 1981.

FEMA

The Foreign Exchange Regulation Act of 1973 (FERA) in India was repealed on 1 June, 2000. It was replaced by the Foreign Exchange Management Act (FEMA), which was passed in the winter session of Parliament in 1999. Enacted in 1973, in the backdrop of acute shortage of Foreign Exchange in the country, FERA had a controversial 27 year stint during which many bosses of the Indian Corporate world found themselves at the mercy of the Enforcement Directorate (E.D.). Any offense under FERA was a criminal offense liable to imprisonment, whereas FEMA seeks to make offenses relating to foreign exchange civil offenses.

FEMA, which has replaced FERA, had become the need of the hour since FERA had become incompatible with the pro-liberalisation policies of the Government of India. FEMA has brought a new management regime of Foreign Exchange consistent with the emerging frame work of the World Trade Organisation (WTO)

PANZER ARTICLE....JARA HATKE

Flower exports nipped in the bud

aWARDS by KK BIRLA FOUNDATION

i) Saraswati Samman (Rs.5 lakh) meant for an outstanding literary work in any Indian language.

ii) Vyas Samman (Rs.2.50 lakh) for an outstanding work in Hindi.

iii) Bihari Puraskar (Rs.1 lakh) meant for Hindi & Rajasthani writers of Rajasthan only.

iv) Shankar Puraskar ( Rs.1.50 lakh) given for an outstanding work in Hindi on Indian philosophy, culture and art.

v) Vachaspati Puraskar ( Rs.1 lakh) for any work written in Sanskrit

vi) G.D. Birla Award for Scientific research ( Rs.1.50 lakh).

vii) Fellowship in Camparative Indian Literature.

wORDS BY SWAMI VIVEKANAND

•    "Brothers and sisters, the long night is at last drawing to a close. Miseries and sorrows are disappearing. Ours is a sacred country. She is gradually waking up, thanks to the fresh breeze all around. Her might no one can overcome."

•    "Are you prepared for all sacrifices for the sake of our motherland? If you are, then you can rid the land of poverty and ignorance. Do you know that millions of our countrymen are starving and miserable? Do you feel for them? Do you so much as shed a tear for them?"

•    "Have you the courage to face any hurdles, however formidable? Have you the determination to pursue your goal, even if those near and dear to you oppose you? You can be free men only if you have confidence in yourselves. You should develop a strong physique. You should shape your mind through study and mediation. Only then will victory be yours."

•    "I loved my motherland dearly before I went to America and England. After my return, every particle of the dust of this land seems sacred to me."
  

• For the next fifty years … let all other vain gods disappear for the time from our minds. This is the only god that is awake, India, our own race… These are all our gods — men and animals; and the first gods we have to worship are our own countrymen. 
• "You rejoice that you belong to the race of the great sages. But until those who belong to the upper classes help to uplift the downtrodden, and until exploitation ends, India will only be a grave. May Mother India step forth anew from the humble dwelling of the peasant! May she appear in the hut of the fisherman! May she step forth from the cottages of the cobbler and the sweeper! May she become manifest in godowns and factories! May the song of New India echo and reverberate amidst mountains and in forests and valleys!"