Sunday, February 25, 2018

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Wednesday, February 14, 2018

THE MAN WHO KILLED "FATHER OF NATION" IS NOW "GOD OF NATION".


A temple for Nathuram Godse: Hindu Mahasabha lays foundation stone in Gwalior office.

Gwalior district administration's refusal to permit construction of a temple in the name of Mahatma Gandhi's killer Nathuram Godse has not stopped Hindu Mahasabha from laying the foundation stone for the same.
The foundation stone was laid in Hindu Mahasabha's Daulatganj office area. A statue has already been put up in the office to which floral tributes were paid today.
Nathuram Godse who was convicted for killing the father of the nation was hanged to death on November 15, 1949 and his supporters observed the day as 'sacrifice day.'
A statue of Nathuram Godse was installed in the Gwalior office of Hindu Mahasabha.
The Hindu Maha Sabha had earlier applied for land for a temple that they proposed to build in the name of Nathuram Godse. The application for the land was rejected by the district administration.
According to Jaiveer Bhardwaj of the Maha Sabha, a decision to construct the temple in the Daulatganj area has been taken after the district administration rejected its application for land for the same.
Madhya Pradesh leader of opposition Ajay Singh has hit out at Chief Minister Shivraj Singh alleging that the government was providing tacit support to the killers of the father of the nation. "The chief Minister has the name of Mahatma Gandhi on his lips but in his heart he has Godse. How else is it possible that the supporters of Godse are openly laying a foundation stone for a temple in his name," Ajay Singh, in a written communication issued to the press, said.

Thursday, February 1, 2018

Key Highlights from Budget 2018: 10% LTCG tax introduced, No changes in personal income tax rates.


Arun-Jaitley1.-Reuters
8             NEW DELHI: Finance Minister Arun Jaitley's delivered his fifth and last full Budget amid subdued economic growth, challenging fiscal situation and farm distress. What makes it all the more important is the upcoming elections in eight states this year and the Lok Sabha election next year, all of which put tough demands on him. How has Jaitley managed to balance populist demands, the need to support economic growth and Prime Minister Narendra Modi's focus on fiscal discipline and reforms? Read the highlights from Budget 2018 below to find out:

















Fiscal Situation
* Fiscal deficit is 3.5% of GDP at Rs 5.95 lakh crore in 2017-18. Projecting fiscal deficit to be 3.3% of GDP in the next fiscal

* GST revenue will be received only for 11 months, that will have an effect on balance sheets

8* Rs 21.57 lakh crores transferred as net GST to states as against projection of Rs 21.47 lakh crores.

* 85.51 lakh new tax payers filed income tax returns in FY17

* NO PERSONAL INCOME TAX CHANGES PROPOSED IN BUDGET


* Growth in direct taxes (till Jan 15)
is 18.7 %

* Surcharge of 10 pc on income above Rs 50 lakh but less than Rs 1 cr to be continued next year; 15 pc on income above Rs 1 cr to also continue.

* 100% tax deduction is allowed to co-operative societies

* Corporate Tax of 25% extended to companies with turnover up to Rs 250 cr in financial year 2016-17

* Incentives for Senior citizens: Exemptions in income of Rs 10,000 from Banks FD and post offices

* Senior citizens to get Rs 50,000 per annum exemption for medical insurance under Sec 80D


1


* Rs 7.5 lakh per senior citizen limit for investment in interest-bearing LIC schemes doubled to Rs 15 lakh

* Standard deduction of Rs 40,000 allowed for transport, medical reimbursement for salaried tax payers

* Govt to reduce hardships faced in realty deals; no adjustment to be made in case circle rate does not exceed 5 pc of sale consideration

* Rs 8,000 crore revenue lost due to standard deduction allowed to salaried employees

* Rs 7,000 cr revenue forgone on account of lower corporate tax for Rs 250 cr turnover cos


* Rs 19,000 cr revenue loss on direct tax in last fiscal

* LONG TERM CAPITAL GAINS EXCEEDING RS 1 L AKH WILL BE TAXED AT 10% WITHOUT INDEXING

* Short term capital tax remains at 15%

* A tax on distributed income at 10%

* Education cess increased to 4% from 3% to collect additional Rs 11,000 cr

* GST revenue will be received only for 11 months, that will have an effect on balance sheets

* GST collections projection pegged at Rs 7.43 lakh crore in full year 2018-19 as against Rs 4.44 lakh crore in nine months of current fiscal.

* Govt makes PAN mandatory for any entity entering into a financial transaction of Rs 2.5 lakh or more.

Customs Duties
* Customs Duty on certain products, such as mobile phones and televisions has been increased, to provide a fillip to 'Make in India'

* Social welfare surcharge of 10% on imported goods.

* Central Board of Excise and Customs renamed as Central Board of Indirect Taxes and Customs

* Import of solar tempered glass for manufacture of solar cells exempted from customs duty.

* Customs duty on crude edible vegetable oils like groundnut oil, safflower seed oil hiked from 12.5% to 30%; on refined edible vegetable oil from 20% to 35%

* Customs duty on sunglasses, cigarette lighter, toys, bus and truck tyres, select furniture hiked.

* Customs duty on imitation jewellery hiked from 15% to 20%; doubled on all watches to 20%.

* Import duty on LCD/LED/OLED panels, parts of TVs hiked to 15%; duty on smart watches, wearable devices, footwear doubled to 20%.

Agriculture
2

* The government's emphasis will be on generating higher incomes for farmers, by helping them produce more with lesser cost, and in turn, earn higher income for their produce.

* Jaitley stressed on the fact that India's agricultural production is at a record high level today. 275 million tonne foodgrains and 300 million tonne fruits and vegetable have been produced in the country.

* The FM said the government wants farmers to earn 1.5 times the production cost, and the Minimum Selling Price (MSP) for the Kharif Crops has been set at 1.5 times the produce price. Jaitley said the Centre will work with states to ensure that all farmer get a fair price.

* Agricultural market and infra fund of Rs 2000 crore fund will be set up to strengthen the market connectivity.

* A sum of Rs 500 cr will be allocated for Operation Green to be launched. It will promote agricultural products.

* Extend the facility of Kisan credit card to fisheries and for animal husbandry

* Rs 10,000 crore set aside for Fisheries and Aquaculture Development Fund

* Rs 10,000 crore set aside for animal husbandry infra fund

* Propose to launch a restructured bamboo mission with a fund of Rs 1200 crore . "Bamboo is green gold," Jaitley said.

* Agricultural credit target increased from Rs 8.5 lakh crore to Rs 11 lakh core

* Special scheme to manage crop reduce in Haryana, Punjab and Delhi to reduce pollution

Rural Economy
* 8 crore poor women will get new LPG connections.

* PM Saubhagya Yojana: 4 crore poor people will get power connection.

* The government will spend Rs 16,000 crore on this scheme.

* Govt plans to construct 2 crore toilets in next fiscal year under Swach Bharat Mission

* Government target house for all by 2022. 51 lakh houses have been constructed affordable houses in rural and further 50 lakh houses in urban areas.

* 1 cr houses to be built under Pradhan Mantri Awas Yojana in rural areas

* National livelihood scheme gets Rs 5,750 crore .

* In 2018-19, ministries will be able to spend Rs 14.34 lakh crores for creation of livelihood in rural areas.

* Govt gives Rs 9,975 crore for social security schemes for the next fiscal year.

Education
1

* Govt to increase digital intensity in education. Technology to be the biggest driver in improving quality of education: FM Jaitley

* Rs. 1 lakh crore allocated to revitalisation and upgradation of education sector. Promoting learning based outcomes and research.


* By 2022, every block with more than 50 per cent ST population will have Ekalvya schools at par with Navodaya Vidyalayas

* Aims to move from black board to digital board schools by 2022.

* PM reasearch fellows: Govt will identify 1000 Btech students each years and provide them to do PHDs in IIT and IISc, while also teaching undergraduate students once a week at that time.

Health
5

* Aayushman Bharat programme: 1.5 lakh centres will be set up to provide health facilities closer to home. Rs 1,200 crore to be allocated for this programme

* Flagship National Healthcare protection scheme, with approximately 50 crore beneficiaries. Up to Rs 5 lakh per family per year for secondary and tertiary care hospitalisation. World's largest government-funded healthcare programme.

* Universal health coverage will be expanded after seeing the performance of the scheme

* Rs 600 crore allocated for tuberculosis patients, at the rate Rs 500 per month during the course of their treatment.

* Jaitley announces setting up of one medical college for every three parliamentary constituencies, with
24 New government medical colleges also being envisioned. Government also will work on upgrading hospitals to medical colleges

Social Security
* PM Jivan Bhma Yojana has benefited 5.22 crore families

* Govt will expand PM Jan Dhan Yojana: Al 16 crore accounts will be included under micro insurance and pension schemes

* 1.26 cr accounts opened under Sukanya Samriddhi Scheme


* Social inclusion schemes for Scheduled Castes - Rs 52,719 crore

* Social inclusion schemes for Scheduled Tribes Rs 39,139 crore

MSME
* Rs 3,794 crore allocated to the MSME sector in the form of capital support and interest subsidy By 2022, every block with more than 50 per cent ST population will have Ekalvya schools at par with Navodaya Vidyalayas

* Rs 3 lakh crore target has been set for the Mudra Yojana

* Rs 4.6 lakh cr sanctioned under MUDRA Scheme

Petroleum/ Diesel Sector
* Excise on unbranded diesel cut by 2 rupees to 6.33 rupee/ltr

* Excise on unbranded petrol cut by 2 rupees to 4.48 rupee/ltr


Employee-centric schemes
* Govt will contribute 12% of the wages of new employees in EPF in all sectors for next 3 years

*
Women contribution to EPF reduced to 8% for first 3 years

Infrastructure
1

* India needs investment of Rs 50 lakh crore in the infrastructure sector

* Construction of new tunnel in Sera Pass to promote tourism

* Out of 100 smart cities 99 cities have been selected, with an outlay of Rs 2.04 lakh crore

* 10 prominent tourist sites will be made iconic tourist destinations, with an amalgamation of private funding, marketing and branding

* Bharatmala project: To develop 35,000 KM under phase 1 with an outlay of Rs 5.35 lakh crore

* Govt to introduce pay-as-you-use system for toll payments

Railways
3

* Railway capex has been pegged at Rs 1.48 lakh crore , up from Rs 1.31 lakh crore last year

* Eliminate unmanned railway crossing

* All stations with footfall of greater than 25,000 will have escalators.

* More stations and trains will progressively be built with WiFi and CCTV camera

* Govt to eliminate 4267 unmanned rail crossing in broad gauge in 2 years

* Allocates Rs 11,000 crore Mumbai rail network and Rs 17,000 crore for the Bengaluru metro

* 150 km of additional suburban railway networks to be set up in Bengaluru at the cost of Rs 17,000 cr.


Aviation
4

* Airport Authority of India (AAI) has 124 airports. Propose to increase the number by at least 5 times 1 billion trips a year, Rs 60 cr has been allocated to kickstart the initiative

* UDAN Scheme to connect 64 unconnected airports across the country

Markets
* Govt to take additional measures to strengthen environment for venture capitalists and angel investors.


* SEBI to consider mandating large corporations to meet 1/4th of their debt needs

* SEBI to mull asking large cos to meet 25% debt from bond market

* RBI norms to nudge companies to access bond market for funds

Technology
* Allocation to Digital India scheme doubled to Rs 3073 cr

* 5 lakh WiFi HotSpots to provide Broadband access to 5 crore rural citizens, at the cost of Rs 10,000 cr.

* Government will take measures to stop cryptocurrency circulation, as it is not considered legal tender

* Government will explore the usage of Blockchain technology.

Companies
* AADHAAR FOR CORPORATES? Govt will evolve a scheme to assign a Unique ID for cos

* Disinvestment target of Rs 80,000 crore for FY19

* National Insurance Co, Oriental Insurance Co and United Assurance Co to be merged into one entity and subsequently listed

* Govt revises divestment target for the current fiscal to Rs 1 lakh crore for FY 18.

Banking
* Recapitalisation will pave the way for public banks to lend an additional Rs 5 lakh crore


Industries
* Rs 7,148 cr allocated for textile sector

Miscellaneous
* Defence outlay raised to Rs 2.82 lakh crore in 2018-19 from Rs 2.67 lakh crore in current year

* Food subsidy to rise to Rs 1.69 lakh crore in 2018-19 from Rs 1.4 lakh crore in current year.

* Emoluments for President set at Rs 5 lakh, Rs 4 lakh for Vice President, Rs 3.5 lakh for governors

* Emoluments for Parliamentrians: Law for increase in pay based on index to inflation

* Govt earmarks Rs 150 cr to commemorate 150 years of birth of Mahatma Gandhi.

Tuesday, January 30, 2018

Big Demolition Drive Near Minara Masjid, No Action Against ‘Minara Mansion’!

      The BMC took up a massive demolition drive at Minara Masjid area after the fire incident occurred today early in the Minara Mansion building in which one Tanzania female citizen was hurt. Now it has become a common trade of our BMC department that after the incident only their eyes open and they take action. Kamala Mills Tragedy is fresh example of the BMC’s negligence.



  

     
      “The demolition drive by ‘B’ ward started since morning, and the civic body cracked down on illegal encroachments and all illegal extensions of the 50 years old stalls, in the road side shopping hub of Minara Masjid, but I am not satisfied with this demolition drive because the main reason for the fire incident is illegal building ‘Minara Mansion’ which is totally illegal, Bmc didn’t look at this building why? A local resident asked the Bmc, but no answer was from the Bmc side, it means bmc is supporting the main culprit of the incident and taking action against poor hawkers and 50 years old license holders, which is not correct” Said one of the local residents of the area on the condition of anonymity.






According to the local citizens of the area, ‘Minara Mansion’ is illegally built by “Dawood Lakdawala” there is also ‘Al Safa’ hotel in which foreign tourist stay over there, both of them violated the Fire Norms and Bmc rules but surprisingly government agencies have kept blind eyes and action against poor people. Local also demanded action against the Builder and Hotel owner, make a inquiry Committee and set up a investigation team.

Mumbai: Illegal shops razed at Minara Masjid after fire brigade can’t reach spot

Mumbai: The Nagpada ward of the BMC on Thursday demolished 25 to 30 illegal shops at Minara Masjid. This action has come after a small fire erupted in Minara Mansion building opposite masjid on Wednesday early morning 6 am, the fire brigade team was unable to reach the fire incident place due to a number of shops over there.
Udaykumar Shirookar, the Assistant Commissioner of Nagpada civic ward, stated that they have observed that due to these shops the fire-fighting team was finding it difficult to conduct the rescue operation. “Even the fire- tenders were having no place to make their way to the spot.

Therefore, after the civic officials inspected the site and found them illegal the structures been razed. During the demolition drive, 25 civic employees were present. Also, six Liquefied Petroleum Gas (LPG) been confiscated which were kept illegally in these shops,” added Shiroorkar.


While the residents question on BMC’s action on demolition by raising questions on how the stalls and shops got licences and the BMC negligent over the fact that the building of the Minara Masjid is illegal itself.


Friday, March 24, 2017

BUDGET 2017. REFORMS IN TAXATION.

The Lok Sabha on Wednesday passed the Finance Bill, completing the budgetary exercise for 2017-18. Since the Finance Bill is a Money Bill, it needs only to be cleared by the Lok Sabha. Starting from April 1, 2017, some income tax laws will change. Finance Minister Arun Jaitley had announced a number of income tax changes in Budget 2017. In addition, some amendments were also introduced in the Finance Bill that was passed by the Lok Sabha. Here are some of the changes that income tax payers should note:
1) The tax rate on income between Rs 2.5 lakh and Rs 5 lakh will get halved to 5 per cent from 10 per cent. However, rebate under Section 87A gets reduced from Rs 5,000 to Rs. 2,500. And no rebate will be applicable for taxpayers having income above Rs 3.5 lakh. This means tax savings of up to Rs 7,700 for those with a taxable income between Rs 3 lakh and Rs 5 lakh. And for persons with taxable income between Rs 5 lakh and Rs 50 lakh, tax savings of Rs. 12,900.
2) A 10 per cent surcharge will be applicable for individuals having income ranging from Rs 50 lakh to Rs 1 crore (existing surcharge of 15 per cent will remain the same for individuals having income above Rs 1 crore.)
3) A simple one-page form will be introduced for filing tax return for individuals having a taxable income up to Rs 5 lakh other than business income.
4) No deduction will be allowed for investment in Rajiv Gandhi Equity Saving Scheme from Assessment Year 2018-19. This tax-saving scheme, announced in the Union Budget for financial year 2012-13, was designed exclusively for the first-time individual investors in the securities market with gross total income below a certain limit.
5) Income tax officials can reopen tax cases for up to 10 years if search operations reveal undisclosed income and assets of over Rs 50 lakh. Currently, tax officers can go back up to six years to scrutinise the books of accounts of assessees. Taxpayers who do not file their returns on time will have to shell out a penalty of up to Rs 10,000 from Assessment Year 2018-19. However, if the total income of the person does not exceed Rs 5 lakh, the fee payable under this section shall not exceed Rs 1,000.
6) The holding period of a property for qualifying as long-term gains will be reduced to two years, from three years. This will help save tax if a property is sold within two years of buying. The profit from the transaction will be treated as short-term capital gains and will be taxed according to the slab rate applicable to him/her.
7) The government has cut down tax benefits borrowers enjoyed on properties let out on rent. As per current tax laws, for properties rented out, a borrower could deduct the entire interest paid on home loan after adjusting for the rental income. On the other hand, borrowers of self-occupied properties get a deduction of Rs 2 lakh on interest repayment on home loan. But on rented properties, the borrower can only claim a deduction of up to Rs 2 lakh per year after adjusting for the rental income. And the amount above Rs 2 lakh can be carried forward for eight assessment years. Since the interest component of home loan repaid in initial years is higher, experts say that the borrower may not be able to fully adjust the interest paid as deduction even in subsequent years.
8) Individuals will be required to deduct a 5 per cent TDS (tax deducted at source) for rental payments above Rs 50,000 per month. Tax experts say that the move will ensure that persons who get a large rental income come into the tax net. It will be effective from June 1, 2017.
9) Partial withdrawals from National Pension System (NPS) will not attract tax. According to the proposed changes, NPS subscribers can withdraw 25 per cent of their contribution to the corpus for emergencies before retirement. Remember that withdrawal of 40 per cent of the corpus is tax-free on retirement.
10) Aadhaar number will be a must while applying for PAN as well as filing of income tax returns from July 1. To curb black money, the limit on cash transactions has been set at Rs 2 lakh. The Finance Bill had originally proposed the cap at Rs 3 lakh. If a person receives any sum in contravention of the tax law, he/she will be liable to pay, by way of penalty, a sum equal to the amount.


Tuesday, March 7, 2017

13 Surprising Health Benefits of Garlic


13 Surprising Health Benefits of Garlic

 
Try garlic for these unexpected health benefits, who-knew beauty uses, and hidden home repairs.

●• Grow Beautiful Hair with garlic.

Garlic could end your hair loss problems because of its high levels of allicin, a sulfur compound similar to that found in onions, which were found to effectively treat hair loss. Rub sliced cloves of garlic on your scalp, squeezing as you go for the most benefit. You can also infuse oil with garlic and massage it into your scalp.

●• Garlic clears Acne.

It might not be a main ingredient in your drugstore acne medication, but garlic makes a great natural remedy to banish unsightly blemishes. Its antioxidants kill bacteria, so rub a sliced clove of garlic on the pimple for an effective topical treatment.

●• Garlic Prevents And Treats Colds.

Packed with antioxidants, a daily dose of garlic in your recipes could benefit your immune system. If a cold does sneak by, try sipping garlic tea: steep chopped or minced garlic in hot water for several minutes, then strain and drink. You can add a bit of honey or ginger to improve the taste.

●• Soothe psoriasis with garlic.

Since garlic has proven anti-inflammatory properties, it could be useful in relieving uncomfortable psoriasis outbreaks. Try rubbing a little garlic oil on the affected area for smooth, rash-free skin.

●• Contol Your Weight With Garlic.

Garlic could help you control your weight, according to nutritionist Cynthia Sass, who cites a study that showed mice eating a garlic-rich diet reduced their weight and fat stores. To take advantage of this benefit, try to cook with garlic daily.

●• Remove a Splinter With Garlic.

Placing a slice of garlic over the sliver and covering it with a bandage or duct tape has been a folk cure for years. As natural remedies gain in popularity, current bloggers swear this one works.

●• Treat athlete's foot With Garlic.

With its anti-fungal properties, some people swear that a benefit of garlic is its ability to relieve itchy athlete's foot. Soak your feet in a bath of warm water and crushed garlic.

●• Keep Away mosquitoes With Garlic.

Scientists aren't sure why, but mosquitoes don't seem to like garlic. One study in India found that people who rubbed a garlicky concoction on their arms and legs weren't bothered by the pesky buggers. Make a solution of garlic oil, petroleum jelly, and beeswax for a natural repellant or place cloves of garlic nearby.

●• Garlic Conquers Cold Sores.

A popular cold sore home remedy involves holding a bit of crushed garlic directly on the cold sore; its natural anti-inflammatory properties could help reduce pain and swelling. Garlic supplements may also speed up the healing process, according to ecosalon.com.

●• Garlic Works As a Natural Glue.

Have you ever noticed how sticky your fingers get after chopping garlic? That natural adhesive quality is why some people use garlic to fix hairline cracks in glass. Crush some cloves and rub the juice on the crack, wiping away any excess.

●• De-ice Your sidewalk With Garlic.

A town in Iowa used donated garlic salt to remove ice from roadways. Next time you stumble on old garlic salt in the back of your spice cabinet, save it for an icy walkway.

●• Protect Plants with Garlic.

Garden pests don't like garlic, so make a natural pesticide using garlic, mineral oil, water, and liquid soap. Pour into a spray bottle and mist your plants to keep away destructive critters.

●• Catch more fish With Garlic.

Fish are so attracted to the scent of garlic that you can buy bait with the smell built in. Or, get this benefit by making your own using food scraps and, of course, plenty of cloves.