swamilook

Monday, January 5, 2015

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Local circles


Transforming Municipal Corporations - Collective inputs from 210,000 Citizens to Government

Making Doing Business in India Easy - Collective Inputs of 50,000 Citizens to Government

Corruption and Transparency in India - Collective inputs from 150,000 Citizens to Government

 Summary of Collective inputs from 30,000 citizens of India on priorities for the new Government

Raising the Ethical Bar in Business

 

 

 

 

 

 

 

 

 

 

Jan14
TOI

 Mumbai housing societies spared service tax
http://vswaminathan-swamilook.blogspot.in/2015/01/search-light-series.html



Taxmann Daily
A Tax & Corporate Laws Daily

TWISTS AND TURNS IN TAX ACCOUNTING STANDARDS: TAS v. AS
In December, 2010 the CBDT constituted the Committee to harmonize the AS issued by the ICAI with the provisions of the income-tax Act for the purposes of notification under the Act and to suggest amendments to the Act. The Committee recommended that some of the AS issued by ICAI related to 'disclosure' requirement, whilst some other contained matter that was adequately dealt within the Act. In view of this, the Committee formulated the drafts of only fourteen Tax Accounting Standards ('TAS') issued by the ICAI. It submitted its final report along with draft of TAS in August, 2012 which was placed in the public domain for comments.
After examining the comments, the CBDT revised the draft of twelve TAS submitted by the Committee. It has withdrawn draft of TAS which corresponded to AS-4 on "Contingencies and Events Occurring After the Balance Sheet Date" and AS-5 on "Net Profit or Loss for the Period, Prior Period Items and changes in Accounting Policies".
Click here to view comparative study of Accounting Standards issued by ICAI, TAS and revised TAS issued by CBDT

BL



Catalyst
Have you been seriously misled?

Prasad Sangameshwaran


 Marketers began New Year with ASCI rapping them on the knuckles. It could be a worthy resolution for them to stop making misleading ads. »

Xcerpts

......
Social media impact
“There is a thin line between harmless untruths and harmful untruths,” says Madhukar Sabnavis, Vice-Chairman and Country Head, Discovery and Planning, Ogilvy & Mather India. “Consumers are discerning enough to make the difference between hyperbole and tangible benefits. However, if a brand makes a tall claim and is not able to deliver that to consumers in a tangible form, then the brand can get hurt as consumers feel cheated,”
“......However, all this could change with the increasing influence of social media. “This may change in the future because of social media activism by consumers. Misleading ads provide fodder to social media users to blog and tweet,”




moneylife


  • Book Launch of the legendary Kanga

  AT

 Dec 13

File report on 3600 flats illegal transfer within 10 year norm, Bombay high Court directs MHADA

TDR rates fall on nose in Mumbai

 

 

 

 prev.

 50 Lakh homes built under Indira Awas Yojana captured by MLAs: Report

  Related >

smartcities

Smart Cities – Transforming Life – Transforming India

BS

T C A Srinivasa-Raghavan: National versus public interest

All freedoms should be circumscribed by the context

Xcerpts

 
<The context, silly

This tussle between governments and the press is not a new phenomenon but it took on a new avatar 43 years ago - on June 13, 1971 to be precise - when The New York Times published the secret Pentagon Papers.

These comprised a report prepared by the US defence department. It showed how at the end of the 1960s, the US government had secretly expanded the Vietnam War to Cambodia and Laos but had not told the US public about it.

Until then, the press had generally refrained from exposing whatever nastiness their governments had got up to, even if it knew about it. It just wasn't done, not cricket, not kosher, not the proper thing to do.

There have been many such episodes since then, the latest being the Edward Snowden papers in the UK and, of course, Julian Assange's Wikileaks.>

 

PIB
Giving details of various urban initiatives, Shri Naidu informed that 12 cities with rich cultural heritage assets would be taken for development of core heritage areas and making them more tourist friendly with all services and facilities. The cities identified under HRIDAY (Heritage Development and Augmentation Yojana) include: Amritsar, Ajmer, Gaya, Mathura, Varanasi, Amaravati(Andhra Pradesh), Warangal(Telangana), Badami (Karnataka), Kanchipuram and Vellankini (Tamilnadu), Dwaraka (Gujarat) and Puri (Odisha).
 

Dwaraka, Puri included in heritage cities project

content.magicbricks.com › Property News › Industry buzz 

Many of the things which UDM, -professing to speak for his government,-  is reported to have said makes for a thoroughly confusing, mind numbing reading; so much so, thereby seems to have opened up a can of 'worms'. For instance, - ..  “....said that the mission ..is ‘Resurgent India’ and various initiatives are being taken TO IMPROVE INVESTMENT CLIMATE AND THE ‘EASE OF DOING BUSINESS’ IN THE COUNTRY”. And, -"that 12 cities with rich cultural heritage assets would be taken for development of core heritage areas and MAKING THEM MORE TOURIST FRIENDLY WITH ALL SERVICES AND FACILITIES”.
No right minded, secular or otherwise, but altruistically inclined person can have any genuine  reservation against the long outstanding need to bring improvement in the local conditions and for uplift and betterment of the natural inhabitants. But, on a quick but close reading, the inedible impression given is the whole idea is to convert even places such as Dwaraka, and Puri , thus far regarded as for ‘pilgrimage’, into ‘tourist centres’. In short, the aim is commercial exploitation of such places.
On the flip-side, however, there has been a growing realization and unbiased demand that any idea of development, be it urban or rural, must not be confined to the aim of economic growth; but the main focus /thrust needs to be on ‘moderation’; that is, because of its otherwise inevitable consequence of spelling ‘disaster ‘to the society at large, afflicting/impairing ultimately the quality of life on earth to the core. In short, the emphasis ought to be on controlled development, a seamless one, not unbridled thereby resulting in a “cancerous ‘ growth.

If viewed with the foregoing as a backdrop, the reported development is bound to prove a matter of grave concern, hence requiring an insightful second look into.
The inescapably unsocial or unorthodox repercussions of converting places of pilgrimage, believed to be sacred and held close to the heart of devout followers of any religion, for ages,- such as Dwaraka and Puri to 'Hindus',- into mere ordinary tourist destinations, to attract moving population, in the name of promotion of  tourism, and for making more monies, in foreign or domestic currency, is tantamount to an undue /uncouth commercialization and exploitation of such places. Further, even with the given unsavory state of affairs already subsisting, the newly mooted idea could only be expected to add to the sentimental woes, sadly allowed to deteriorate  in the recent decades; and could only further and worsen , instead of improving upon the sanctity need to be attached- a virtual sacrilege. In this view of the scenario, the reference to the time honored scriptures, - "Gita, Bible, Koran" is, to say the least, perplexing and out of context.

<Inside

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 AT

Shri M.Venkaiah Naidu invites Overseas Indians to partner in building modern Urban India

“Minister says, secular development aspirations of people are the Gita, Bible, Koran for government Dwaraka and Puri included for development ….”

The true purport or intended import of such 'secular' averments  is not readily understood but is incomprehensible. On the flip-side, however, there has been a growing realization and unbiased demand that any idea of development, be it urban or rural, must not be confined to the aim of economic growth; but the main focus /thrust needs to be on ‘moderation’; that is, because of its otherwise inevitable consequence of spelling ‘disaster ‘ to the society at large, afflicting/impairing ultimately the quality of life on earth to the core. In short, the emphasis ought to be on controlled development, a seamless one, not unbridled thereby resulting in a “cancerous ‘ growth.
If viewed with the foregoing as a backdrop, the reported development is bound to prove a matter of grave concern, hence requiring an insightful second look into.

KEY Note:

The inescapably unsocial or unorthodox repercussions of  converting places of pilgrimage, believed to be sacred and held close to the heart of devout followers of any religion, for ages,- such as Dwaraka and Puri to 'Hindus',- into mere ordinary tourist destinations, to attract moving population, in the name of promotion of  tourism and making more monies, is tantamount to an undue /uncouth commercialization and exploitation of such places. Further, even with the given unsavory state of affairs already subsisting, the newly mooted idea could only be expected to add to the sentimental woes, sadly allowed to deteriorate  in the recent decades; and could only further and worsen , instead of improving upon the sanctity need to be attached- a virtual sacrilege. In this view of the scenario, the reference to the time honored scriptures, - "Gita, Bible, Koran" is, to say the least, perplexing and out of context.

Write About Social Change‎

BL

Banking: Not out of the woods

 

Dec 8

EXECUTIVE SUMMARY
 
A millennial mindset will determine the future of businesses

There’s somethin’ about the Internet of Things 

Are best practices really for the best?

¨     GST will not affect States’ revenues: Jaitley

 

 

<<<

SC refuses to allow Swamy to argue in Jaya appeal


TNN |

Karnataka lokayukta probes appointments to 197 law officer posts


Chethan Kumar |

 

 

Heard at science meet: Ancient Indian planes flew to planets

 

Pulse

CD

19 AWESOME Inspirational Quotes for New Year’s 2015

Always remember…

1) “It doesn’t matter where you came from. All that matters is where you are going.”- Brian Tracy

2) “Think big and don’t listen to people who tell you it can’t be done. Life’s too short to think small.”- Tim Ferris
3) “You can develop any habit or thought or behavior that you consider desirable or necessary.” -Brian Tracy
4) “We become what we think about.” -Earl Nightingale
5) “A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power.”- Brian Tracy
6) “The person who says it cannot be done should not interrupt the person who is doing it.” – Chinese Proverb
7) “Everything you’ve ever wanted is on the other side of fear.”- George Addair
8) “Success is getting what you want, happiness is wanting what you get.” - W. P. Kinsella
9) “Your life only gets better when you get better.”- Brian Tracy
10) “Think continually about what you want, not about the things you fear.” - Brian Tracy
11) “Optimism is the one quality more associated with success and happiness than any other.”- Brian Tracy
12) “Success does not consist in never making mistakes, but in never making the same one a second time.” – George Bernard Shaw
13) “The only place where success come before work is in the dictionary.”- Vidal Sassoon
14) “Happiness is not something readymade. It comes from your own actions.”-Dalai Lama
15) “I am thankful for all of those who said “No” to me. It’s because of them I’m doing it myself.”- Albert Einstein
16) “Don’t be too timid and squeamish about your actions. All life is an experiment. The more experiments you make the better.”- Ralph Waldo Emerson
17) “All our dreams can come true, if we have the courage to pursue them”- Walt Disney
18) “Develop an attitude of gratitude, and give thanks for everything that happens to you, knowing that every step forward is a step toward achieving something bigger and better than your current situation.”- Brian Tracy
19) “Move out of your comfort zone. You can only grow if you are willing to feel awkward and uncomfortable when you try something new.”- Brian Tracy


BL
Dec 7

































  1. Forex reserves rose by $24 b in 2014 | Business Line

    www.thehindubusinessline.com/...and.../forex-reserves/article6749244.ec...
    9 hours ago - India's foreign exchange reserves swelled by $24 billion in calendar year 2014. In sharp contrast, the reserves had declined by $869.90 million ...

XCerpts

forex reserves, increase or decrease what it means in real economic terms, in relation to national economy




































  1. Principles of Macroeconomics: Section 11 Main

    www.colorado.edu/economics/courses/econ2020/.../section11-main.html
    The Fed uses monetary policy to influence economic activity. But the ... If a bank with excess reserves cannot immediately find a long-term borrower, it can still earn interest. ... Lower interest rates reduce the cost and increase the profitability of ... If economic growth is considered to be undesirably slow or the economy is in a ...
  2. Exchange rate: a key concept in Economics

    www.economicswebinstitute.org/glossary/exchrate.htm
    by V Piana - ‎Cited by 3
    - ‎Related articles
    The exchange rate expresses the national currency's quotation in respect to ... In fact, higher prices mean an appreciation of the real exchange rate, other things equal. ... explicit target, for example in term of a band of currency acceptable values. ... print or lend money depending on corresponding foreign currency reserves.
  3. Foreign Exchange - Library of Economics and Liberty

    www.econlib.org/library/Enc/ForeignExchange.html
    An increase in foreign exchange reserves will add to the money supply, which could ... The motive is to reduce the variability in the exchange rate. ... If a currency has a high value in real terms, this means that its products are selling at .... Finance and Macroeconomics at the National Bureau of Economic Research, where he ...
    Missing: reatin
  4. Monetary policy - Wikipedia, the free encyclopedia

    en.wikipedia.org/wiki/Monetary_policy
    Monetary economics provides insight into how to craft optimal monetary .... Hence, the expectation of lower wages is reflected in wage-setting behavior .... incentives to manipulate the terms of trade to increase national welfare in the ... Instruments of monetary policy have included short-term interest rates and bank reserves ...
  5. Federal Discount Rate Definition | Investopedia

    www.investopedia.com/terms/f/federal_discount_rate.asp
    A decrease in the discount rate makes it cheaper for commercial banks to borrow money, which results in an increase in the supply of money in the economy. ... In the first step of interest rate determination, the government's economic observers ... How do central banks acquire currency reserves and how much are they ...
    Missing: reatin
  6. International Monetary Economics - Encyclopedia.com

    www.encyclopedia.com › ... › January 1968
    International Monetary Economics – Encyclopedia.com has International Monetary ... The generic meaning of the term today is the excess of receipts over ... but these terms were rejected during the classical reaction to mercantilism on the .... gold production falls short of total private uses, world monetary reserves decrease.
  7. The Impact of the Global Crisis on China and its Reaction ...

    www.realinstitutoelcano.org/wps/portal/web/...en/contenido?...
    Apr 14, 2009 - The Impact on China's Foreign Currency Reserves ... bonds is unable to keep pace with the supply, their market value will decrease. ... impact on the domestic economy and to stimulate short-term economic growth, .... Therefore, the idea is to increase the proportion of household income in national income.
  8. [PDF]China's Holdings of US Securities - Federation of American ...

    www.fas.org/sgp/crs/row/RL34314.pdf
    by WM Morrison - ‎2013 - ‎Cited by 81
    - ‎Related articles
    Aug 19, 2013 - economy and purchase U.S. public debt has helped keep U.S. real interest rates ... largest and fastest growing holder of foreign exchange reserves, ... U.S. long-term sovereign credit from AAA to AA + by Standard and ..... 10 U.S. Bureau of Economic Analysis, National Income and Product Account Tables.
  9. FRB: Speech, Bernanke — The Global Saving Glut and the ...

    www.federalreserve.gov/boarddocs/speeches/2005/200503102/
    Mar 10, 2005 - On most dimensions the U.S. economy appears to be performing well. ... However, one aspect of U.S. economic performance still evokes concern ... and the relatively low level of long-term real interest rates in the world today. .... Increases in foreign-exchange reserves necessarily involve a shift toward ...
  10. Understanding Inflation, define inflation, causes of inflation ...

    www.futurecasts.com/Understanding%20Inflation.html
    Price controls and the expenditure of financial reserves subsidize inflationary ... national savings (financial reserves) to hold down monetary devaluation are inflationary. ... concepts that define inflation in terms of the price increases that it causes. ... and have to reduce all recognized economic concepts to the simplistic point ...



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