Posts

April 15 CA

● India Finished 3rd In The Medals Tally At CWG 2018 With 66 Medals ● Kidambi Srikanth Wins His 1st CWG Silver Medal ● Saina Nehwal Wins Historic 2nd CWG Gold ● Tripura Govt Sanctions Rs 50 Crore For IIIT At Bodhjungnagar ● Maharashtra Govt. Launches Tribal Development Centre - ' QUEST ' ● Kazakhstan - India Agree To Enhance Energy Cooperation ● Anubhuti Programme To Let Students Get Experience Of Villages In Madhya Pradesh ● MoU Between Indian Army And Axis Bank On Defense Salary Package ● Narendra Modi To Meet German Chancellor Angela Merkel on 20 April ● Pilicode Becomes India’s First Filament Bulb-Free Panchayat ● Interstate E-Bill Come Into Effect from 20 April In Haryana ● Smriti Irani Launches GNFC’s Neem Project In UP ● Delhi Launches 'Mission Buniyaad' To Improve Students' Learning Skills ● RK Singh Inaugurates Solar Lamp Assembly & Distribution Center In Mahuli ● President Receives First Copy Of Book ‘ Dr Babasaheb Ambedkar : Vyakti Nahin Sankalp ● Greater Noida Host The 7th Edition Of Home Expo India 2018 ● Mary Kom India’s Flag-Bearer At The Closing Ceremony Of The 21st CWG 2018 ● Marathi Movie ‘Dhappa’ Bagged  Nargis Dutt Award For Best Film On National Integration . #RAJKUMAR

EDITORIAL

Attempts to undermine the investigation into a little girl’s rape and murder must be resistedThe 15-page chargesheet filed by the Jammu and Kashmir Police’s Crime Branch on the abduction, rape and murder of an eight-year-old girl in Kathua district is chilling. An unspeakably horrific crime has been overlain with an ugly form of communal politics, which has heightened the feeling of vulnerability among the Bakherwal nomadic community. The victim had been missing in Rasana village since January 10. On January 17, her mutilated body was found, bearing the marks of gang rape. This week, local lawyers tried to prevent the police from filing the chargesheet, and the Jammu High Court Bar Association called for a bandh on Wednesday demanding that the investigation be handed over to the Central Bureau of Investigation. By all accounts, the demand owes less to any faith in CBI impartiality, and more to the ongoing attempt to influence the police’s investigation that has led to the arrest of eight men, including some policemen charged with destroying evidence. The chargesheet lists as the main conspirator the caretaker of the temple in Rasana where the victim was allegedly held, and threads together the sequence of events. The insinuation that a local police force that reflects the multi-religious composition of the State cannot be entrusted with a case in which the victim is a Muslim and the alleged accused are Hindus must be strongly resisted.It is a shame that the State government, a coalition of the J&K; Peoples Democratic Party and the BJP, has been so feeble in criticising the sectarian undercurrents. Protests in Kathua have been going on for months, amidst allegations that innocent people are being framed and demands that one of the arrested police officers be released. An organisation called the Hindu Ekta Manch too populated the protests and two BJP ministers from the State government were present at a rally in support of the accused. The Gujjar-Bakherwal community’s sense of isolation, as the dead eight-year-old is sought to be defined by her ethnic and religious identity, is especially heightened given the backdrop of drives to evict them from what they say are their traditional camping sites in forests. One line of inquiry is that the motive for her abduction and assault was to instil fear among the nomads in pressing for their rights to the forests and commons. But while it is understandable that the nomads are feeling the brunt of the intimidation and it is vital to address their larger anxieties, to superimpose the crime on the tussle over forest rights would be to diminish the brutality brought upon the little girl. The investigation must be pursued for the hate crime it is. It does not just tie in with her community’s rights — along with the Unnao rape case in U.P., in which the victim’s father died in police custody this week, it shows how loaded the system is against those seeking justice.charge sheet (noun) – an official document on which a police officer enters details of the charge against a person.abduction (noun) – kidnapping, hostage-taking.undermine (verb) – weaken, diminish, reduce.chilling (adjective) – frightening, terrifying, disturbing/horrifying.overlain past participle of overlie (verb) – surround, cover, enclose/wrap.heighten (verb) – intensify, magnify, amplify.vulnerability (noun) – infirmness, weakness, fragility.nomadic (adjective) – wandering, roaming, travelling/rambling. Nomads are people who have no permanent home, travel from place to place in search of food (for them and their animals).mutilated (adjective) – disfigured, mangled, maimed/damaged.by all accounts (phrase) – supposedly, apparently, seemingly/ allegedly.owe (verb) – have something needed to be done in a particular way.impartiality (noun) – fairness; treating all people and groups equally.conspirator (noun) – conspirer, plotter/schemer, intriguer.insinuation (noun) – hint, suggestion, implication/indication.entrust (verb) – assign, give the responsibility for, charge with a responsibility/trust.feeble (adjective) – ineffective/incompetent, spineless, weak.sectarian (adjective) – denoting a sect (a group of people); factional, partisan.undercurrent (noun) – (hidden) atmosphere, feeling, condition.evict (verb) – remove, expel, oust/throw out.instill ( verb) – introduce, inject, infuse.brunt (noun) – burden, pressure, strain.intimidation (noun) – frightening, threatening, oppression.tussle (noun) – scuffle, fight, struggle.brutality (noun) – cruelty, savagery, inhumanity/atrocity.pursue (verb) – engage in, follow, conduct.hate crime (noun) – a violent crime against someone because of their caste, religion & etc.tie in (phrasal verb) – correlate, coincide, dovetail.loaded (adjective) – biased, rigged, fixed.#FancyJ

PMVVY

The Government of India announced the Pradhan Mantri Vaya Vandana Yojana (PMVVY) in May, 2017 in order to provide social security to the senior citizens and for the protection of the elderly against a fall in the interest income due to unfavourable market conditions in the future.The amount of investment made in the scheme is called the ‘purchase price’.Depending on the pension option (monthly, quarterly, yearly), the pension begins as an arrear, i.e., starts from the end of the chosen period. The scheme is based on the amount invested and extends to a period of 10 years.The return in PMVVY range from 8 to 8.3 percent depending on the mode of pension that one chooses.It carries a fixed and assured pension (return) as mentioned in the policy document till the maturity of the scheme. The amount of pension in PMVVY is not based on age.There is no tax benefit available on  the amount invested. Further, the pension received will be fully taxable in the hands of the individual in the year of receipt. The government, however, has exempted PMVVY from service tax.The scheme offers a return higher than bank FD’s and comes with a sovereign guarantee.  The limits: Similar to post office monthly income scheme or the senior citizen savings scheme (SCSS), the maximum investment amount (purchase price) and the pension amount that one can get is capped. Currently, the total amount of pension or the purchase price under all the PMVVY policies allowed to a family cannot exceed Rs 60,000 per annum or Rs 7.5 lakh respectively. The family for this purpose will comprise of the pensioner, his or her spouse and dependents.  Initially the scheme was meant to be made available only for one year from the date of launch. The finance minister has proposed to extend the Pradhanmantri Vaya Vandana Yojana (PMVVY) scheme till March, 2020. It has also proposed to increase the current investment limit t o Rs 15 lakh from the existing limit of Rs 7.5 lakh per senior citizen. #FancyJ

April 14 CA

● PM Modi Launches Largest Health Care Scheme ' Ayushman Bharat ' On Ambedkar Jayanti ● Rajnath Singh Launches Web-Based App e-FRRO For Foreigners ● India Mobile Congress 2018 To Be Held In New Delhi ● Neeraj Chopra , 1st Indian To Win Gold In Javelin Throw ● Mary Kom , 1st Indian Woman To Win CWG Boxing Gold ● Industrial Production Grows 7.1% In February 2018 : CSO ● Ace Shuttler Kidambi Srikanth Becomes World No 1 ● RBI Slaps Rs.3 Crore Monetary Penalty On IDBI Bank ● Govt To Target Of Constructing 1 Crore Houses Under PMAY -Gramin By 31st March 2019 ● PM Modi Inaugurate “Gram Swaraj Abhiyan” On Ambedkar Jayanti ● Former RBI Deputy Governor Harun Rasid Khan Joins Bandhan Bank Board ● China Launches Cloud Platform For Its Scientists ● United Nations Has Launched UN Road Safety Trust Fund To Improve Road Safety ● India’s Forex Reserves At Record High Of $424.864 billion : RBI ● India Signs MOU With World EXPO 2020 Dubai ● Manika Batra Win First Ever Gold Medal in Table Tennis Women's Singles Event CWG 2018 .#RAJKUMAR

FCNR account

Foreign Currency Non Resident (B) account:-An account that can be opened with an Indian bank by a Non Resident Indian or a Person of Indian Origin in foreign currency is FCNR (B) account. The letter B in FCNR (B) stands for the word ‘Bank’. It is an account that allows the NRI to keep his deposits in foreign currency. Hassles of conversion can be reduced through such types of accounts. Features of FCNR account:- The account is maintained in foreign currency. Pound sterling, Australian dollar, Canadian dollar, Japanese Yen, Euro, United States dollar are few currency types in which an FCNR account can be opened today.The account can be opened by a Non Resident Indian or Person of Indian origin and only an NRI or PIO can be joint holder to this account.Only term deposit schemes are available to this account type and the period can be more than a year and a maximum of 5 years. If the account holder so wishes these accounts can also be transferred to other NRE/FCNR accounts before maturity period. Such transfers are subjected to penalties that are charged for premature withdrawals of the deposit.Currency in the account is convertible to Indian currency freely.Overseas corporate bodies (OCB) with at least 60% of the corporate body owned by NRIs were allowed to avail FCNR deposit schemes (prior September 2003). As on today the already existing FCNR accounts of OCBs can run till maturity but further renewal may not be possible.Reserve Bank of India states that interest rate on term deposit schemes are to be fixed by board of directors of the bank (subject to RBI regulations).Interest rate on term deposit is payable after the end of first year and the interest from there on is compounded half yearly.Premature withdrawals of term deposit is allowed in this type of account and loss on interest earned, charges for swapping etc in the name of penalty is fixed by the bank where the term deposit is held. Instructions related to such penalties are mentioned by the bank in terms and conditions before the person opens an FCNR account. The same is applicable for account transfers from existing FCNR to other NRE/FCNR account.Renewal of term deposits is possible on maturity and the person who is willing to renew has to renew the account within 14 days after maturity. If not then the bank will have the flexibility to fix interest rate on further renewal and also if such renewed accounts are withdrawn before a fixed overdue period of scheme, then the banks can take back the interest paid in overdue period.Loans can be purchased against FCNR accounts and banks will have the right to change interest rate on term deposit schemes when a loan is taken against this account.Loans from Indian banks in foreign currency are permissible against this account for an investment purpose in India.  Documents required for opening an FCNR (B) account:-The following set of documents will be required by a NRI to open a FCNR account. Photocopy of passport of the account proposerPhotocopy of Visa of the account proposerStatements from bank accounts held overseasA proof of current residence (foreign)#RAJKUMAR

NRE account and NRO account

NRE and NRO account is a type of account which is specifically designed for the NON-RESIDENT OF INDIA who leave the country for any purpose like education, employment. Both differ in the sense that NRE account is an external rupee account while NRO account is an ordinary rupee account.NRE Account A NON-RESIDENT EXTERNAL ACCOUNT is a bank account particularly framed for NRIs to save their foreign income in India. NRE account is opened in India by those who live outside in India for a minimum of 180 days in the previous year. An account holder can repatriate foreign income and transfer it to India transparently. In NRE account, an income occurred from the interest is exempted from the tax. NRE account can be opened in saving as well as current and it enables an account holder to convert foreign currency into Indian currency at the prevailing exchange rate.  NRO account NON RESIDENCY ORDINARY ACCOUNT is a bank account is intended to manage the income earned in India from sources like pension, dividend, rent, interest etc. NRO account is opened by the citizen of India who temporarily shifted to a foreign country. An ordinary account can be changed to NRO account when an account holder changes living status. An NRO account is kept in Indian rupee and cannot be changed and repatriated into foreign currency. In NRO account funds can be withdrawn in Indian rupees only. Funds received and repatriated in an NRO account must be notified to the Reserve bank of India.  Difference between NRE account and NRO account Full form NRE stands for NON-RESIDENT EXTERNAL ACCOUNT NRO stands for NON-RESIDENCY ORDINARY ACCOUNT  Meaning A bank account in which NRI’s can deposit their income which generated from foreign country. A bank account which is opened by NRI to deposit their income generated from an Indian sources.  Transactions A NRE account holder can deposit his income in foreign currency and withdraw it in Indian currency. A NRO account holder can deposits in both currency like a foreign currency and Indian currency and withdraw it in Indian currency.  Rate of interest In NRE account, the rate of interest is low. In NRO account, the rate of interest is high as compared to the NRE account interest rate.  Tax treatment An interest income from the NRE account is totally exempted from the taxation. An interest income from the NRO account is fully taxable.  Transfer of funds In NRE account, an account holder can transfer fund to the NRO account. In NRO account, an account holder cannot transfer fund to the NRE account.  Repatriation NRE account is fully repatriation which includes both Principal amounts along with interest. NRO account is not fully repatriable it means in his account only interest is repatriable not the principal amount.  Joint holding account NRE account can be open jointly with another NRI but it cannot be opened with an Indian resident. NRO account can be opened with both NRI as well as close Indian resident. #RAJKUMAR

April 13 CA

● PM Modi inaugurates 16th International Energy Forum Ministerial Meeting ● PM Modi Inaugurate Dr. Ambedkar National Memorial At Alipur Road In Delhi ● AIIB Decides To Invest $140M To Improve Rural Connectivity In India ● Bhanu Pratap Sharma Appointed Chairman Of Bank Board Bureau ● World’s First Long-Distance Electric Bus Line To Begin In Paris ● Chandra Shekhar Ghosh Re-Appointed As MD & CEO Of Bandhan Bank ● Sripriya Ranganathan Appointed As The Next Ambassador Of India To The Republic Of Korea ● Late Veteran Actor Vinod Khanna Awarded Dadasaheb Phalke Award ● India’s First 5G Lab In The Country Has Been Installed by IIT Delhi ● ISRO Launched The Navigation Satellite IRNSS-1I ● India Donates $1 Million For Swaziland’s National Disaster Management Agency ● Siddharth Varadarajan Has Won The Shorenstein Journalism Award ● 15 Year Old Shooter Anish Bhanwala Became India’s Youngest Gold Medalist At CWG 2018 ● WHO And UNICEF Issued A New 10-Step Guidance To Increase Support For Breastfeeding ● The 99th Anniversary Of The Jallianwala Bagh Massacre Is Being Bbserved Today ● Hindustan Unilever Has Appointed CEO And MD Sanjiv Mehta As Its New Chairman ● Actress Sridevi Was Posthumously Named The Best Actress For The Film 'Mom' . #RAJKUMAR

NCSK

In 1994, the National Commission for Safai Karamcharis (NCSK) was established to deal with the grievances of persons engaged in manual scavenging. It is a non-statutory body looking into matters concerning the welfare of Safai Karamcharis’ and makes recommendations to the government. It has a sanctioned strength of a chairperson and four members. It is a statutory body established under National Commission for Safai Karamcharis Act 1993. What is its aim? It aims to promote and safeguard the interests and rights of Safai Karamcharis. Its mandate is to monitor, study and evaluate the implementation of schemes for Safai Karamcharis, as an autonomous organisation and also provide redressal of their grievances. What are its Functions? Recommend to the Central Government, under a time-bound action plan, specific programmes of action towards elimination of inequalities in status, facilities and opportunities for the welfare of Safai Karamcharis. Evaluation and the implementation of the programmes and schemes relating to the social and economic rehabilitation of Safai Karamcharis and make recommendations to the Central Government and State Governments to ensure better coordination and implementation of such programmes and schemes. Investigate specific grievances and take suo moto notice of those matters that relate to the non-implementation of: Programmes or schemes in respect of any group of Safai Karamcharis. Decisions, guidelines or instructions, aimed at mitigating the hardship of Safai Karamcharis. Measures for the social and economic upliftment of Safai Karamcharis. The provisions of any law in its application to Safai Karamcharis. Prepare reports periodically to the Central and State Governments on matters relating to the Safai Karamcharis, taking into account any disabilities and difficulties being faced by the Safai Karamcharis. And also other matters that may be referred to it by the Central Government. Website and mobile application launched for National Commission for Safai Karamcharis: A new website for the National Commission for Safai Karamcharis (NCSK) was launched by the Union Ministry of Social Justice & Empowerment. The new website is very user-friendly It is developed as per the guidelines of the Central Government for official websites. It is comprehensive website giving complete details about Commission viz, its composition, mandate, the manner of filing complaints, details of visits undertaken by its Chairman and Members, etc. It also facilitates petitioners to file their grievances and complaints, etc. online on the website and thereafter tracks them. Simultaneously, petitioner can also lodge their grievances and complaints through their android mobile phones by using NCSK App which can be downloaded from Google Play Store free of cost. #FancyJ

EDITORIAL

Without shifting IPL out, the rights of fans and protesters could have been protected The shifting of Indian Premier League cricket matches out of Chennai reflects poorly on the Tamil Nadu administration. It is misleading to see the development as a victory for protesters espousing the Cauvery cause or as the inevitable result of the current political mood in Tamil Nadu. By conveying its inability to give adequate police security to the remaining matches to be held in the city, the State government, which had adopted a wishy-washy attitude towards holding the IPL in Chennai, simply capitulated. It is undeniable that there were aggressive protests around the Chepauk stadium just before the season’s first match in the city. Road blockades, frayed tempers and scuffles between the police and protesters suggested it would be a challenge to hold more matches. But governments exist to maintain public order and are expected to stand up to threats made by a fringe, whether it is calling for the ban of a book, a film or a cricket match. If cricket is a victim of such protests, it is because of its very success. It is a soft, high-profile target for those who want to raise their visibility and profile. This is why the sheer irrationality of singling out one tournament – which has no connection whatsoever to the Centre or the State government or the Cauvery crisis for that matter — was lost on those leading the call for a ban. Instead of going weak and ambivalent on assurances of safety, the State government and the police should have worked out a solution under which scheduled matches and the right of the protesters to voice their grievances were both protected. As for the IPL management, it may have felt there was sufficient reason to drop Chepauk as a venue because of the State government’s attitude. While cricket stadiums are now securely protected, there was no mechanism to screen ticket-buyers and — as the last match in Chepauk revealed — very little that can be done to stop protesters from flinging shoes and other objects on to the ground. There is legitimate and widespread concern in Tamil Nadu over the Centre’s inexplicable delay in framing a scheme to resolve the Cauvery problem, over which there has been more than one protest over the last few days. But the fact that the Chennai Super Kings’ ‘home’ matches will now be played in Pune is a blow to the game’s fans in Chennai. That the IPL is a commercially driven extravaganza bordering on entertainment does not justify it being fair game for protesters. It may be true that sport cannot remain completely divorced from politics and there is no denying the dominant political mood on the Cauvery issue. However, rarely has this principle been extended to threaten a sporting event that has no link whatsoever to the political cause — in this case a water-sharing crisis that principally involves two States. espouse (verb) – adopt, embrace; support/endorse (a cause). inevitable (adjective) – unavoidable, inescapable, unpreventable. wishy-washy (adjective) – weak/feeble, ineffectual, irresolute. capitulate (verb) – surrender, give in, yield/submit. undeniable (adjective) – indisputable, undebatable, unquestionable. frayed (adjective) – strained, irritated, annoyed. scuffle (noun) – fight, disturbance, quarrel/tussle. stand up to (phrasal verb) – defy/confront, challenge, oppose. fringe group (noun) – an outer part of a larger organization/group which with extreme views. profile (noun) – public attention, notice, view. sheer (adjective) – utter, total, complete. irrationality (noun) – unreasonable, illogical, unacceptable. whatsoever (adverb) – at all. call for (phrasal verb) – require, necessitate/make necessary, demand. ambivalent (adjective) – indecisive, inconclusive, undecided. grievance (noun) – complaint, criticism, objection/protest. attitude (noun) – point of view, way of thinking, outlook/angle. fling (verb) – throw, hurl forcefully. inexplicable (adjective) – unaccountable, unexplainable, incomprehensible. blow (noun) – a sudden shock, a sudden disappointment. extravaganza (noun) – display, spectacle, exhibition/performance. #FancyJ

Mahila e- haat

The government launched “Mahila e-Haat”, an online marketing platform for women in 2016. It is an initiative for meeting aspirations and need of women entrepreneurs which will leverage technology for showcasing products made/manufactured/sold by women entrepreneurs. It is an initiative for women across the country as a part of ‘Digital India’ and ‘Stand Up India’ initiatives conducted by Union Women and Child Development Ministry and Rashtriya Mahila Kosh (RMK) Mission: To act as a catalyst by providing a web based marketing platform to the women entrepreneurs to directly sell to the buyers. What does it do? It is a unique online platform where participants can display their products. It will provide access to markets to thousands of women who make products and are spread all over the country but have little access to markets. Women can also showcase services being provided by them which reflect creative potential. example: tailoring.  Who can participate? Participation in e-Haat is open to all Indian women citizens more than 18 years of age and women Self Help Groups (SHGs) desiring to market their legal products/services after indemnifying Rashtriya Mahila Kosh from any or all acts of the transactions. E-Haat requires a mobile number only, as entire business of E-Haat can be handled through a mobile by the producer. Going ahead, Mahila E-Haat will be integrated with e-commerce portals to provide a larger platform for selling and buying. Further, it will culminate into Women’s Entrepreneurs Council which will help to expand this initiative further and give it an institutional shape. The Mahila E-Haat will also help to meet the goal of financial inclusion of women and it is a big step forward for empowerment of women. #FancyJ

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