Famous Quote

Aram Haram Hai

Jawahar Lal Nehru

Current Affairs 2017

Edappadi Palaniswami sworn in as Tamil Nadu Chief Minister

Tamil Nadu, Governor Ch. Vidyasagar Rao on 16th February evening administered the oath of office to Edappadi K. Palaniswami as the 13th Chief Minister along with a Council of 30 Ministers.

Employment News

192 Pet PI ASC Pin-905192 C/o 56, Jhansi invites applications for Fireman 09 posts (UR-07, OBC-01, SC-01) Refer website or Employment News dated 18-24 Feb 2017...

Benefits of Goods and Services Tax (GST)

The benefits of GST can be summarized as under:

  • For Business and Industry
    • Easy compliance: A robust and comprehensive IT system would be the foundation of the GST regime in India. Therefore, all tax payer services such as registrations, returns, payments, etc. would be available to the taxpayers online, which would make compliance easy and transparent.
    • Uniformity of tax rates and structures: GST will ensure that indirect tax rates and structures are common across the country, thereby increasing certainty and ease of doing business. In other words, GST would make doing business in the country tax neutral, irrespective of the choice of place of doing business.
    • Removal of cascading: A system of seamless tax-credits throughout the value-chain, and across boundaries of States, would ensure that there is minimal cascading of taxes. This would reduce hidden costs of doing business.
    • Improved competitiveness: Reduction in transaction costs of doing business would eventually lead to an improved competitiveness for the trade and industry.
    • Gain to manufacturers and exporters: The subsuming of major Central and State taxes in GST, complete and comprehensive set-off of input goods and services and phasing out of Central Sales Tax (CST) would reduce the cost of locally manufactured goods and services. This will increase the competitiveness of Indian goods and services in the international market and give boost to Indian exports. The uniformity in tax rates and procedures across the country will also go a long way in reducing the compliance cost.
  • For Central and State Governments
    • Simple and easy to administer: Multiple indirect taxes at the Central and State levels are being replaced by GST. Backed with a robust end-to-end IT system, GST would be simpler and easier to administer than all other indirect taxes of the Centre and State levied so far.
    • Better controls on leakage: GST will result in better tax compliance due to a robust IT infrastructure. Due to the seamless transfer of input tax credit from one stage to another in the chain of value addition, there is an in-built mechanism in the design of GST that would incentivize tax compliance by traders.
    • Higher revenue efficiency: GST is expected to decrease the cost of collection of tax revenues of the Government, and will therefore, lead to higher revenue efficiency.
  • For the consumer
    • Single and transparent tax proportionate to the value of goods and services: Due to multiple indirect taxes being levied by the Centre and State, with incomplete or no input tax credits available at progressive stages of value addition, the cost of most goods and services in the country today are laden with many hidden taxes. Under GST, there would be only one tax from the manufacturer to the consumer, leading to transparency of taxes paid to the final consumer.
    • Relief in overall tax burden: Because of efficiency gains and prevention of leakages, the overall tax burden on most commodities will come down, which will benefit consumers.

Swachhta Udyami Yojana

National Safai Karamcharis Finance and Development Corporation (NSKFDC), an Apex Corporation of the Ministry of Social Justice and Empowerment, has launched "Swachhta Udyami Yojana" on 2.10.2014. The objective of the Scheme is to provide concessional loan for viable community toilet projects and sanitation related vehicles to collect the garbage, to consolidate the ongoing efforts for realising the objectives of the 'Swachh Bharat Abhiyan' launched by Prime Minister on 2nd October, 2014. Under the Scheme, entrepreneurs among safai karmacharis and identified manual scavengers can avail loan upto defined ceiling at concessional rate of interest @ 4% per annum. In case of women beneficiaries, there is a rebate of 1% in the rate of interest charged. No State/ Union Territory wise budget allocations are made under the Scheme as funds are to be provide to the channelizing agencies on the basis of the proposals received from them.

More Details

What is Higgs boson?

The Higgs boson is a particle in the standard model of particle physics. Its existence was postulated in 1960s, to explain why the tiny particles that make up atoms have mass. Physicist Peter Higgs and 5 other theoretical physicists proposed that an invisible field lying across the universe gives particles their mass, allowing them to clump together to form stars and planets. Prof. Higgs predicted that this field, the Higgs Field, would have a signature particle, a massive boson. Finding it would point towards the existence of the field. Why God particle? The Higgs is the last missing piece of the standard model, the theory that describes the basic building blocks of the universe. The other 11 particles predicted by the model have been found~the Higgs is the last jigsaw piece. If the particle was not shown to exist, it would have meant tearing up of the standard model and going back to the drawing board. The Indian Connection Scientists from the Saha Institute of Nucle ...

More Details

History of Indian Cinema

India's first film "Raja Harischandra", a silent movie was first screened at Bombay's (Mumbai) Coronation Theater on May 3, 1913. It was made by Dadasaheb Phalke, the father of Indian Cinema. It was Phalke who introduced India to world cinema at a time when working in films was restricted by social customs. After the success of his film 'Raja Harishchandra', several filmmakers in Bombay and Madras began making silent films. By the mid 1920s, Madras had become the epicenter for all film related activities. Raghupathi Venkaiah Naidu, S S Vasan, A V Meiyappan set up production houses in Madras to shoot Telugu and Tamil films. The silent era came to an end when Ardeshir Irani produced his first talkie, 'Alam Ara' in 1931. If Phalke was the father of Indian cinema, Irani was the father of the talkie. The talkies changed the face of Indian cinema. Apart from looks, the actors not only needed a commanding voice but also singing skills, as music became a defining element in Indian cinema. The ...

More Details

Career Scope in Advertising Industry

Advertising world has led to the emergence of many new roles within the advertising profession. In the new edge of ad world, advertising goes beyond its conventional approach. For the non-conventional and conventional advertising approach, Industry requires well groomed people who can develop innovative and creative new idea. Flexibility and competence is must for the industry as the Ad World is highly creative as well as dynamic. Advertising careers are diverse and can run across a variety of departments, offering positions in the fields of creative departments, production, media, and research. The ultimate goal is to meet the client’s goals of increasing sales as much as possible. Public relations services are often involved with businesses, governments, and institutions and can help them make effective decisions. Students of an advertising school may choose to pursue a career as a: Advertising Media PlannerMedia ResearcherCreative DepartmentCopywriter/IllustratorAccount PlanningPr ...

More Details