Chartered Accountant ( 公認会計士) (공인 회계사 )(CONTABILISTAS) (CONTADORES PÚBLICOS) (ДИПЛОМИРОВАННЫЕ БУХГАЛТЕРЫ СЧЕТОВОДИТЕЛИ) (会计师事务所) (COMPTABLES CHARTERES) (WIRTSCHAFTSPRÜFER) (сметководители) (MUHASEBE MÜTEAHHİTLİĞİ) (محاسبون قانونيون) (CHARTERED AKUNTAN)(Geoktrooieerde Rekenmeesters)(registeraccountants)(RAGIONIERI REGISTRATI)חשבונות רואי חשבון) (This blog is non-commercial and is used here to put important news only for the educational purpose of Students doing CA and CS.
Sunday, February 26, 2023
Vodafone Idea shareholders approve convertible debentures issue to ATC :-ET Feb 25,2023
GOP presidential candidate Nikki Haley pledges to cut billions in foreign aid to Pakistan, China, other US adversaries ;-ET
"The Biden administration resumed military aid to Pakistan, though it's home to at least a dozen terrorist organizations and its government is deeply in hock to China. Team Biden restored half a billion dollars to a corrupt United Nations agency that's supposed to help the Palestinian people but in fact covers for deeply anti-Semitic propaganda against our ally Israel," she said.
"As ambassador, I strongly supported President Donald Trump's decision to cut nearly USD 2 billion of military aid to Pakistan because that country supports terrorists who kill American troops. It was a major victory for our troops, our taxpayers and our vital interests, but it didn't go nearly far enough. We've still given them way too much in other aid. As president, I will block every penny," the US presidential candidate further wrote.
UK plans to ban foreign students from bringing family :-ET
Friday, February 24, 2023
Why is ‘Dr Doom’ Nouriel Roubini so upbeat about India's economy? ET
Ex-Mastercard CEO Ajay Banga Nominated By US President To Lead World Bank :-NDTV Ajay Banga, 63, is Indian-American and currently serving as vice chairman at equity firm General Atlanti
Washington:
The development lender has just started accepting candidate nominations in a process set to run until March 29, with the bank saying that women candidates would be "strongly" encouraged.
The president of the World Bank is typically American, while the leader of the International Monetary Fund is customarily European.
Banga, 63, is Indian-American and currently serving as vice chairman at equity firm General Atlantic.
He was previously chief executive at Mastercard.
Banga has "critical experience mobilizing public-private resources to tackle the most urgent challenges of our time, including climate change," said Biden in a statement.
Last week current World Bank President Malpass -- who was nominated to the post by Biden's predecessor Donald Trump in 2019 -- said he would step down nearly a year early, ending a tenure that was clouded by questions over his climate stance.
His term would originally have ended in 2024.
Banga's nomination comes amid a push for development lenders to revamp and address global problems like environmental issues more effectively.
US Treasury Secretary Janet Yellen earlier said that lenders' core models, where countries borrow to make specific investments addressing developmental constraints, is "insufficient to meet the moment."
The United States is the World Bank's largest shareholder.
Wednesday, February 22, 2023
These 2 Indian cities were ranked the worst for creative people Two Indian cities ranked lowest on a list of ‘The Creative Capitals of the World’. MONEYCONTROL NEWS FEBRUARY 22, 2023 / 08:52 AM IST moneycontrol news
Mumbai and Delhi both ranked low on the 'Creative Capitals of the World' list.
Two Indian cities ranked lowest on a list of ‘The Creative Capitals of the World’. Delhi and Mumbai were both found wanting when it came to creative roles, according to rankings compiled by Business Name Generator, a website that’s part of the performance marketing group Marketzoo.
Business Name Generator analysed a number of metrics to come up with the top 50 creative capitals of the world – a list which Tokyo topped. These metrics included number of creative roles available, the advertised salary for these roles, cost of living as a single person (excluding rent), number of museums and art galleries, access to green spaces, number of classes and workshops and the happiness score of the country.
“Tokyo is the best city in the world for creatives, followed by London and Paris,” the research found. Tokyo, the capital of Japan, scored high on almost every metric and topped the list with an overall score of 8.0. Its overall score far surpassed London, which came second at 5.4.
Meanwhile, Delhi and Mumbai, with a score of 2.8 each, were judged the least ideal cities for creative people.
The research found that New Delhi had 46 green spaces and parks, 75 museums and art galleries, and 9 creative classes and workshops. The cost of living in the national capital, however, is lower than any other city on the list.
Mumbai was judged “slightly better” than Delhi, although it offers even fewer museums, art galleries, creative classes and workshops. “As well as this, India ranks 136th for happiness which is worse than any other country in our ranking,” the research said.
Monday, February 20, 2023
49TH GST COUNCIL MEETING HIGHLIGHTS
- the capacity based levy not to be prescribed;
- compliance and tracking measures to be taken to plug leakages/evasions;
- exports of such commodities to be allowed only against LUT with consequential refund of accumulated ITC;
- compensation cess levied on such commodities to be changed from ad valorem to specific tax based levy to boost the first stage collection of the revenue
- Rab - 18% to 5% - if sold prepackaged and labelled or Nil - if sold otherwise
- Pencil Sharpener - 18% to 12%
- It has been decided to regularize payment of GST on ‘rab’ during the past period on “as is basis” on account of genuine doubts over its classification and applicable GST rate.
- It was decided to suitably amend notification No. 104/94-Customs dated 16.03.1994 so that if a device like tag- tracking device or data logger is already affixed on a container, no separate IGST shall be levied on such affixed device and the ‘nil’ IGST treatment available for the containers under notification No. 104/94-Customs shall also be available to the such affixed device subject to the existing conditions.
- It has been decided to amend entry at Sl. No. 41A of notification No. 1/2017-Compensation Cess (Rate) so that exemption benefit covers both coal rejects supplied to and by a coal washery, arising out of coal on which compensation cess has been paid and no input tax credit thereof has been availed by any person.
- It has been decided to extend the exemption available to educational institutions and Central and State educational boards for conduct of entrance examination to any authority, board or a body set up by the Central Government or State Government including National Testing Agency for conduct of entrance examination for admission to educational institutions.
- It has been decided to extend the dispensation available to Central Government, State Governments, Parliament and State Legislatures with regard to payment of GST under reverse charge mechanism (RCM) to the Courts and Tribunals also in respect of taxable services supplied by them such as renting of premises to telecommunication companies for installation of towers, renting of chamber to lawyers etc.
- the time limit for making an application for revocation of cancellation of registration be increased from 30 days to 90 days;
- where the registered person fails to apply for such revocation within 90 days, the said time period may be extended by the Commissioner or an officer authorised by him in this behalf for a further period not exceeding 180 days.
- Amendment to Section 62 of CGST Act, 2017 to extend timelines under sub-section (2) thereof and one time amnesty for past cases: As per sub-section (2) of section 62 of CGST Act, 2017, the best judgment assessment order issued under sub-section (1) of the said section is deemed to be withdrawn if the relevant return is filed within 30 days of service of the said assessment order. The Council recommended to amend section 62 so as to increase the time period for filing of return for enabling deemed withdrawal of such best judgment assessment order, from the present 30 days to 60 days, extendable by another 60 days, subject to certain conditions.
- Registered persons having an aggregate turnover of up to Rs. 5 crores in the said financial year: Rs 50 per day (Rs 25 CGST + Rs 25 SGST), subject to a maximum of an amount calculated at 0.04 per cent. of his turnover in the State or Union territory (0.02% CGST + 0.02% SGST).
- Registered persons having an aggregate turnover of more than Rs. 5 crores and up to Rs. 20 crores in the said financial year: Rs 100 per day (Rs 50 CGST + Rs 50 SGST), subject to a maximum of an amount calculated at 0.04 per cent. of his turnover in the State or Union territory (0.02% CGST + 0.02% SGST).
Why is S.Jaishankar Chosen as the replacement of Sushma Swaraj as External Affairs Minister of India? What is his background? Replied by Aashish Kumar Dimri thru Quora
- Father: Dr S Jaishankar was born to K Subrahmanyam - a senior civil servant- but better known as father of Indian strategic management.
- It was K Subrahmanayam ;who kept on insisting on a strong approach against deterrents - terrorism, weak security infrastructure etc.
- Strategist: Dr Jai Shankar was selected not for his diplomatic career but his reputation as a foremost strategist .He holds a doctorate in nuclear diplomacy and is considered to be an expert on global security affairs
- Negotiator: He is well known as a master negotiator and down to earth persona. Undoubtedly, he is treated as a crisis manager; who can solve major problems with his deep analysis.
- Trusted: Narendra Modi -known for his people skills- perceives him as a right man who can convey India’s needs to the world . After observing him for years; he was chosen to be India’s top diplomat
- Leadership: Dr Jai Shankar leads from the front. With his vast knowledge and experience; he can easily represent Indian strategic interests in international and national forums.
- His pro people approach and friendliness also made him admirable.
- Indian: Unknown to many; Dr Jai Shankar is happily married to Kyoko Jai Shankar - a Japanese by birth ;but an Indian national by choice. He is a multilingual scholar ;who takes pride in being Indian.
- Conclusion: His scholarship is his hallmark.
- Pic credits: Google
Disclaimer:
It is neither spam, troll nor meant to disparage anyone. It sticks to guidelines issued by Quora. Thanks.
Footnotes
How Gerorge Soros and his so called NGO by the name OCF could try to destablize India's social fabric? Quora is Source and it was replied by member of Quora
On February 16, the billionaire George Soros launched another attack against India’s Prime Minister (PM) Narendra Modi. He claimed that Modi is “no democrat” and hoped for a weakened Modi expecting a ..democratic revival in India.
He is notorious for interfering in countries internal affairs attacking their sovereignty, financing anti-government activities and hate for nationalism and nationalists.
Mr Soros is an old, rich opinionated person sitting in New York who still thinks that his views should determine how the entire world works…such people actually invest resources in shaping narratives...
.The billionaire performs his anti-nationalist antics and finances his anti-government activities through, among other avenues, the Open Society Foundation (OSF), which is known to fund political NGOs,...including Israeli NGOs denying Israel’s legitimacy and Palestinian NGOs with ties to the Popular Front for the Liberation of Palestine, a designated terror organisation. In 2015.
The man who broke bank of England & is designated by nation an economic war criminal has now pronounced his desire to break Indian democracy. George Soros an international entrepreneur has declared his ill intention to intervene in the democratic process of India.
However, his attempt to destabilise democratic governments is not limited to the use of political influence. For example, OSF-backed Sherpa Association attempted to attack India’s defence when the the foundation filed a complaint against the India-France Rafale deal. OSF-backed Sherpa Association, in their tweet from November 23, 2018, said, “We filed a complaint with the national financial the foundation filed a complaint with the national financial prosecutor’s office in Paris in order to clarify the conditions surrounding the sale of 36 Rafale plane by #Dassault Aviation to India in 2016,” alleging “possible acts of corruption.”
Earlier, in 2016, the Modi government put the OSF on their watchlist, making it harder for the billionaire to fund anti-nationalist initiatives in India. However, Soros has been successful at
weaponising his giant fortune and cultivating an ecosystem of anti-nationalist media and NGOs that works to meddle in the country’s internal affairs to shape the world in his vision.......
Jaishankar said Soros' comments were typical of a "Euro Atlantic view". He also pointed out that there was "a debate and conversation that we must have on democracy",
including whose values defined democracy as the world rebalanced and became less Euro-Atlantic.....
Soros u have billions of dollars we have billions of aspirations but still I caught u hiding like a common thief behind Hindenburg.
Jai hind
En route Poland, US President Joe Biden makes surprise visit to Kyiv :-ET
US President Joe Biden on Monday made an unannounced visit to Kyiv, Ukraine ahead of the first anniversary of the full-scale invasion by Russia. Biden said Ukraine will get a new military aid package worth $500 million, which will be announced on Tuesday.
China and India to contribute more than half of global growth this year: IMF :-ET
WHY GEORGE SOROS HAS DECLARED OPEN WAR AGAINST INDIA????
https://www.linkedin.com/posts/vinitbolinjkar_george-soros-has-declared-open-war-against-activity-7032601713102446592-JKKH?utm_source=share&utm_medium=member_iosI say open war because he wants to remove our democratically elected (by 1.4 bn or 1/5th of humanity) PM from power.For this he has already committed a couple of US $$ bn. His half age, Chinese wife is going to be present at a Cambridge gathering to be addressed by our Rahul Gandhi. There is a saying in China that any Chinese national out of China is a Chinese listening post. Can we then rule out that China is not involved? At the same time the Director General ISI of Pakistan is also expected to be there in UK. The gathering of these anti India forces in the UK is nothing but planning for one more toolkit attack on Modi. With Soros coming out in the open and so blatantly speaking of ousting Modi is nothing less than a war cry. In every regime change engineered in poor European countries, Soros has been rumored to have had a hand. And you bloody well be sure that Soros will stop at nothing So over the next 15 months we can expect every kind of attack in order to remove Modi. Prior to the Gujarat state elections (which was a landslide BJP victory) Modi himself had stated that he was fighting global power who would stop at nothing less than his death. Post that we had the regime change Clinton cabal members - O Donald, Victoria Nuland and Hillary herself visiting India. In Gujarat close to INR 400 cr of funding via NGO was committed while in Tamil Nadu plans were in works to revive the LTTE. Post this we had NIA pick up several drug lords and terrorists from TN. Until LS2024 (and even beyond) we will see multiple attempts being made to disturb the harmony in India, engineer violence, communal hatred and blaming Modi for this. One question that will crop up in everyone’s mind is why are these so desperate for Modi’s blood? We need to take into consideration the following. 1. If Modi, wins Pakistan will break up. Hence having a sympathetic INC govt is in their interest. 2. Debt of US $34 tr & China $50+ tr is unsustainable. In light of this a strong India is a threat to their global superpower and economic status. 3. A strong economic India means a weakened China. So to sustain this hegemony it in their interest to unseat Modi. What can we do to protect our interest? a. Rally behind Modi no matter what. b. Counter the negative agenda by spreading awareness. c. Don’t indulge in petty anti Modi hatred without reason. If you want to understand imagine how much we achieved economically in just a few days in February. 1. Tatas placed order for 500 aircraft. This going to make India the hub for global air travel, tourism and MRO. 2. UP Global Investors Summit received $350 bn of commitments. 3. The Aero show 2023 is the 3rd largest in its category globally displaying 700+ Indian firms in the aero and defence industry. Imagine if in another Modi led Amritkaal for another 5 years we cross US$ 10 tr GDPThis is surely uncomforting for global powers.