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Case Upon - India Shining - Financial Bill 2006-07; Union Govt. of India
Alright. Something weird is going on here.In the past few weeks, I’ve had three different people make almost the exact same comment to me.First it happened in Salt Lake City. I was recovering from a multi-speech day, resting in my hotel room, watching Anchorman. I checked the voicemail on my cell. It was from a strange guy named Mike. His message explained that he’d read my first book and would love to chat sometime.Cool, I thought. And since I’d already seen Anchorman 73 times, I decided to return his call. A few minutes later, I dialed his number from my cell phone ID. He picked up and said hello.“Hey Mike, it’s Scott, The Nametag Guy!”“Really?” he asked, followed by a brief silence. “Oh. Hi. Wow, I…uh…really didn’t expect you to actually call me back.”Hmmm...And so I said to him (in slight confusion), “Mike, why wouldn’t I call you back?”“I...I don’t know, I guess. I just didn’t expect it.”We talked for a few minutes. Pretty cool guy, too. Turns out one of my newest clients was Mike’s former boss at the University of Delaware. Small world, huh?Anyway, after I hung up, I sat there and wondered: Wait, why wouldn’t Mike expect me to call him back? Isn’t that what you do when you get a voicemail?We’ll come back to that in a minute. Check out what happened the next day…I got an email from a potential client who was interested in booking me for an upcoming conference. Excited about the opportunity to work together, I emailed her back two minutes later (like I usually do) with my fee schedule, program description and availability.Sure enough, later on that afternoon, she wrote back to confirm the engagement! Excellent! I thought.Then - and I kid you not - the exact words in the body of her email: “Wow, I can’t believe you actually emailed me right back! Are you sure you’re a speaker?”Yes. She actually said that.And aga
3.500 ITIs to be upgraded in five years. Work has already started in 100 ITIs and would be taken up in the remaining 400 institutes soon. Rs 97 crore (Rs 970 million) allocated in 2006-07.
4.Special assistance of Rs 848 crore (Rs 8.48 billion) for Jammu and Kashmir for its reconstruction fund, including Rs 230 crore (Rs 2.30 billion) for Baglihar project. This will be in addition to 2006-07 state plan of Rs 2,300 crore (Rs 23 billion).
5.Rs 10 crore (Rs 100 million) allocated for preparatory work for celebrating the 150th anniversary of the First War of Independence of 1857 in a befitting manner.
6.To safeguard old art forms, Vedic chanting and Ram Lila have been declared UNESCO heritage and will be granted Rs 5 crore (Rs 50 million).
7.Comprehensive Insurance Regulatory and Development Authority bill to be introduced in 2006-07 incorporating the recommendations of K P Narasimhan Committee on insurance sector revamp. The committee has already submitted its report to government and IRDA is studying its recommendations.
8.An Investors Protection Fund will be set up and funded by fines and penalties to safeguard the interests of retail investors.
9.FII investment limit in stock markets will be raised
The five essentials of communication come as an answer to the questions left in the wake of ad hoc collaboration. Businesses do it, whether large or small. Sure, the ideal would be perfect control of documents as they get passed around and changed. But when deadlines fall due, or when something unexpected is called for by your boss or your clients, it simply needs to get done. The problem, however, comes when it’s time to pull a document back together again after it has been passed around and pulled apart in the ad hoc editorial process. All that’s left is questions.That’s where a content management tool comes in. Since all you were left with were questions, the 5 essentials of communication that a content management tool provides are simply answers. Answers to the questions “Where is version X stored?” “When was version Y created?” “Who created version Z?” “What changes were made to these versions?” and “How am I supposed to bring them together?”Here is another question for you: Do these questions sound familiar? I thought so. But when answers are available, businesses want them. So, Adam Smith’s invisible hand has reached into the market again to create the content management tool, often referred to as Groupware. Let’s take a look at how exactly the content management tool provides the answers.Where?The content management tool, or groupware, needs to contain Digital Thread technology, which places information in the metadata of an electronic document--this includes the MS applications most businesses use--and tracks the document and its versions across email your desktop and servers, literally threading together the document versions. You will always know where a document is stored.When?You will find with a content management tool that as you open sent and received emails with attachments of changes made on a document that a Digital Signature will eliminate this question. I
The following are the proposals announced by Union Finance Minister of India, in the Parliament on 28th Feb. 2006. Changes in Fringe Benefit Tax...as compare to Financial Bill, 2005-2006
Fringe Benefit Tax introduced last year as a revenue raising measure; justified on the principles of horizontal equity and vertical equity; on review, following changes being proposed:
B)Value the benefit in the form of 'tour and travel' at 5 per cent instead of 20 per cent;
C)Value benefit in the form of 'hospitality' and 'use of hotel boarding and lodging facilities', in case of airline companies and shipping industry, at 5 per cent instead of 20 per cent;
D)Exclude expenses on free samples of medicines and of medical equipment distributed to doctors;
E)Exclude expenses incurred on brand ambassador and celebrity endorsement; and
F)Prescribe a threshold of Rs 100,000 under section 115WB(1)(c) so that only a contribution by an employer to an approved superannuation fund in excess of Rs 100,000 per year per employee to attract FBT.
G)Under section 80C there is already exemption up to Rs 100,000 for contribution by an employee to an approved superannuation fund.
H)Effective FBT rate on hospitality reduced to 1.68% from 6.73%.
I)Free sample exclusion from FBT to benefit pharma companies.
Proposals on Direct (Income) -Tax
A)No changes in the rates of personal income tax, which will remain as they are currently.
B)No change in corporate income tax rate.
C)No new taxes on income.
D)One by six scheme for filing of income tax returns has been abolished.
E)Services tax net to be increased which include ATM operations, maintenance and management, share transfers, registration, international air travel excluding economy class, sponsorship other sports events, auctioneers, ship management and travel on cruise.
F)25 per cent across the board increase in securities transaction tax.
G)Cooperative lending banks and rural development banks to be exempted from taxes under Section 80(B).
H)Fixed deposits in scheduled commercial banks with at least five year maturity will get tax exemption for savings under section 80C of Income Tax Act.
I)The Rs 10,000 exemption limit for investment in pension funds under Section 80CCC has been removed but these investments would be brought under Sec.80C subject to a ceiling of Rs 1 lakh.
J)Donations to only religious institutions will be exempted from tax.
K)Minimum alternative tax on corporates increased from 7.5 per cent to 10 per cent.
L)More transactions to come under PAN.
M)Constituency allowances of MLAs to be treated as constituency allowances of MPs for income tax purposes.
N)Banking cash transaction tax introduced last year will continue.
O)Fringe Benefit Tax modified. Threshold limits raised, but FBT will remain as it is justified for ensuring horizontal equity.
P)Minimum alternative tax on corporates increased from 7.5 per cent to 10 per cent.
Proposals on Indirect -Tax
A)Excise duty on cigarettes increased by five per cent.
B)Many tax exemptions in customs and excise to be removed barring SSI.
C)April 1,2010 has been fixed as the date for introduction of goods and services tax.
D)Peak customs duty for non agriculture products reduced from 15 to 12.5 per cent.
E)Customs Duty on primary and non-primary steel and alloy products reduced from 10 per cent to 7.5 per cent.
F)Duties on mineral products reduced from 15 to five per cent, barring some items.
G)Duty on ores and concentrates reduced from five to two per cent.
H)Duty on refractories reduced to 7.5 per cent.
I)Customs duty reduced on ten anti-AIDS drugs and 14 anti-cancer drugs to five per cent.
J)Customs duty on packaging machines reduced from 15 per cent to five per cent.
K)Four per cent countervailing duty on all imports to be levied with few exceptions.
L)Customs duty on bulk plastics reduced from 10 per cent to five per cent.
M)To protect vanaspati industry, customs duty to be increased to 80 per cent on its imports.
N)Import duty on all man made fiber has been reduced from 15 per cent to 10 per cent.
O)Excise duties on man-made fibers and filament yarn reduced from 16 per cent to eight 8 per cent, since it provides growth and employment.
P)Eight per cent special additional duty on aerated soft drinks and small cars withdrawn and they will attract only 16 per cent CENVAT excise duty instead of 24 per cent earlier.
Q)Reduction of duty on footwear priced between Rs 250 and Rs 750 from 16 per cent to eight per cent.
R)Duty on specialized writing paper reduced form 16 to 12 per cent.
S)Excise duty on compact fluorescent lamps reduced from 16 to eight per cent.
T)Cess on domestically produced petroleum crude has been raised from Rs.1800 per tonne to Rs.2500 per tonne but the entire amount to be absorbed by oil producing companies
Other Highlights of General Budgets...Others Proposals
1.The defence budget raised to Rs 89,000 crore (Rs 890 billion) in 2006-07 from Rs 83,000 crore (Rs 830 billion) in the current year. Of this Rs 37,458 crore (Rs 374.58 billion) would be capital expenditure.
2.Rs 100 crore special grant for Punjab Agricultural University as a centre of excellence for its commendable work in agricultural research.
3.500 ITIs to be upgraded in five years. Work has already started in 100 ITIs and would be taken up in the remaining 400 institutes soon. Rs 97 crore (Rs 970 million) allocated in 2006-07.
4.Special assistance of Rs 848 crore (Rs 8.48 billion) for Jammu and Kashmir for its reconstruction fund, including Rs 230 crore (Rs 2.30 billion) for Baglihar project. This will be in addition to 2006-07 state plan of Rs 2,300 crore (Rs 23 billion).
5.Rs 10 crore (Rs 100 million) allocated for preparatory work for celebrating the 150th anniversary of the First War of Independence of 1857 in a befitting manner.
6.To safeguard old art forms, Vedic chanting and Ram Lila have been declared UNESCO heritage and will be granted Rs 5 crore (Rs 50 million).
7.Comprehensive Insurance Regulatory and Development Authority bill to be introduced in 2006-07 incorporating the recommendations of K P Narasimhan Committee on insurance sector revamp. The committee has already submitted its report to government and IRDA is studying its recommendations.
8.An Investors Protection Fund will be set up and funded by fines and penalties to safeguard the interests of retail investors.
9.FII investment limit in stock markets will be raised
Most of us spend our days persuading others to buy our service, product or idea. Here is how to create powerful marketing copy to make your job easier: INTERVIEW YOURSELF.If you hired a writer to create the copy for you, he/she would likely start by interviewing you. He would ask every question he could think of about your subject and keep probing until he found illuminating answers. You could find a colleague to help in this endeavor. Or, if you are feisty, you can interview yourself.Write out a series of questions about your subject. (I’ll suggest what kinds of questions below). Then ask your colleague to pose these questions to you and record your answers. Or you can write your own answers down.The key to interviewing is to keep probing. If an answer doesn’t make sense,say so. “I understand that your clients need to create strategy at the corporate level, but I don’t understand how your software is going to help them do this.” If you don’t believe an answer, say so too. Keep asking for further and better particulars until you get answers that interest you and which you believe in.SOME QUESTIONS TO ASK YOURSELFHere are some high-level questions to ask yourself.What is the business problem?Can you describe the problem in plain English?How did the problem arise?Is it a new problem?Why is it hard to solve?Why hasn’t anyone found a solution to it yet?Does your client know he has this problem?Is he willing to pay the price in time or money to solve his problem?What is his key concern?What is your solution?What services / products do you offer to solve his problem?What benefits will these produce? (This is the hardest question to answer. It means going beyond the features we offer and really understanding the solution from the clients’ viewpoint.) If you are going to work on producing only one answer, this is the one to work on.Which benefit is the most impor
Proposals on Direct (Income) -Tax
A)No changes in the rates of personal income tax, which will remain as they are currently.
B)No change in corporate income tax rate.
C)No new taxes on income.
D)One by six scheme for filing of income tax returns has been abolished.
E)Services tax net to be increased which include ATM operations, maintenance and management, share transfers, registration, international air travel excluding economy class, sponsorship other sports events, auctioneers, ship management and travel on cruise.
F)25 per cent across the board increase in securities transaction tax.
G)Cooperative lending banks and rural development banks to be exempted from taxes under Section 80(B).
H)Fixed deposits in scheduled commercial banks with at least five year maturity will get tax exemption for savings under section 80C of Income Tax Act.
I)The Rs 10,000 exemption limit for investment in pension funds under Section 80CCC has been removed but these investments would be brought under Sec.80C subject to a ceiling of Rs 1 lakh.
J)Donations to only religious institutions will be exempted from tax.
K)Minimum alternative tax on corporates increased from 7.5 per cent to 10 per cent.
L)More transactions to come under PAN.
M)Constituency allowances of MLAs to be treated as constituency allowances of MPs for income tax purposes.
N)Banking cash transaction tax introduced last year will continue.
O)Fringe Benefit Tax modified. Threshold limits raised, but FBT will remain as it is justified for ensuring horizontal equity.
P)Minimum alternative tax on corporates increased from 7.5 per cent to 10 per cent.
Proposals on Indirect -Tax
A)Excise duty on cigarettes increased by five per cent.
B)Many tax exemptions in customs and excise to be removed barring SSI.
C)April 1,2010 has been fixed as the date for introduction of goods and services tax.
D)Peak customs duty for non agriculture products reduced from 15 to 12.5 per cent.
E)Customs Duty on primary and non-primary steel and alloy products reduced from 10 per cent to 7.5 per cent.
F)Duties on mineral products reduced from 15 to five per cent, barring some items.
G)Duty on ores and concentrates reduced from five to two per cent.
H)Duty on refractories reduced to 7.5 per cent.
I)Customs duty reduced on ten anti-AIDS drugs and 14 anti-cancer drugs to five per cent.
J)Customs duty on packaging machines reduced from 15 per cent to five per cent.
K)Four per cent countervailing duty on all imports to be levied with few exceptions.
L)Customs duty on bulk plastics reduced from 10 per cent to five per cent.
M)To protect vanaspati industry, customs duty to be increased to 80 per cent on its imports.
N)Import duty on all man made fiber has been reduced from 15 per cent to 10 per cent.
O)Excise duties on man-made fibers and filament yarn reduced from 16 per cent to eight 8 per cent, since it provides growth and employment.
P)Eight per cent special additional duty on aerated soft drinks and small cars withdrawn and they will attract only 16 per cent CENVAT excise duty instead of 24 per cent earlier.
Q)Reduction of duty on footwear priced between Rs 250 and Rs 750 from 16 per cent to eight per cent.
R)Duty on specialized writing paper reduced form 16 to 12 per cent.
S)Excise duty on compact fluorescent lamps reduced from 16 to eight per cent.
T)Cess on domestically produced petroleum crude has been raised from Rs.1800 per tonne to Rs.2500 per tonne but the entire amount to be absorbed by oil producing companies
Other Highlights of General Budgets...Others Proposals
1.The defence budget raised to Rs 89,000 crore (Rs 890 billion) in 2006-07 from Rs 83,000 crore (Rs 830 billion) in the current year. Of this Rs 37,458 crore (Rs 374.58 billion) would be capital expenditure.
2.Rs 100 crore special grant for Punjab Agricultural University as a centre of excellence for its commendable work in agricultural research.
3.500 ITIs to be upgraded in five years. Work has already started in 100 ITIs and would be taken up in the remaining 400 institutes soon. Rs 97 crore (Rs 970 million) allocated in 2006-07.
4.Special assistance of Rs 848 crore (Rs 8.48 billion) for Jammu and Kashmir for its reconstruction fund, including Rs 230 crore (Rs 2.30 billion) for Baglihar project. This will be in addition to 2006-07 state plan of Rs 2,300 crore (Rs 23 billion).
5.Rs 10 crore (Rs 100 million) allocated for preparatory work for celebrating the 150th anniversary of the First War of Independence of 1857 in a befitting manner.
6.To safeguard old art forms, Vedic chanting and Ram Lila have been declared UNESCO heritage and will be granted Rs 5 crore (Rs 50 million).
7.Comprehensive Insurance Regulatory and Development Authority bill to be introduced in 2006-07 incorporating the recommendations of K P Narasimhan Committee on insurance sector revamp. The committee has already submitted its report to government and IRDA is studying its recommendations.
8.An Investors Protection Fund will be set up and funded by fines and penalties to safeguard the interests of retail investors.
9.FII investment limit in stock markets will be raised
India, officially the Republic of India, is a country in South Asia. It is the seventh-largest country by geographical area, the second most populous country and the largest democracy in the world. India has a coastline of over seven thousand kilometres, and borders Pakistan to the west, Nepal, the People's Republic of China and Bhutan to the north-east, and Bangladesh and Myanmar to the east. In the Indian Ocean, it is adjacent to the island nations of Sri Lanka, Maldives and Indonesia.Home to the Indus Valley Civilization, a centre of important trade routes and vast empires, India has long played a major role in human history. Hinduism, Sikhism, Buddhism and Jainism, all have their origins in India, while Islam and Christianity enjoy a strong cultural heritage. Colonised as part of the British Empire in the nineteenth century, India gained independence in 1947 as a unified nation after an intense struggle for independence. The country has one of the most diverse populations, wildlife, geographical terrain and climate systems.INDIA ECONOMY:The economy of India is the fourth largest in the world as measured by purchasing power parity (PPP), with a GDP of US $3.63 trillion. When measured in USD exchange-rate terms, it is the twelth largest in the world, with a GDP of US $775 billion (2005). India is the second fastest growing major economy in the world, with a GDP growth rate of 8.4%, as of the first quarter of 2006. Wealth distribution in India, a developing country, is fairly uneven, with the top 10% of income groups earning 33% of all income. India's per capita income (PPP) of US$ 3,400 [8] is ranked 122nd in the world.For most of its independent history, India adhered to a quasi-socialist approach, with strict government control over private sector participation, foreign trade, and foreign direct investment. Starting from 1991, India has gradually opened up its markets through economic reforms by reducing government controls on foreign trade and in
N)Banking cash transaction tax introduced last year will continue.
O)Fringe Benefit Tax modified. Threshold limits raised, but FBT will remain as it is justified for ensuring horizontal equity.
P)Minimum alternative tax on corporates increased from 7.5 per cent to 10 per cent.
Proposals on Indirect -Tax
A)Excise duty on cigarettes increased by five per cent.
B)Many tax exemptions in customs and excise to be removed barring SSI.
C)April 1,2010 has been fixed as the date for introduction of goods and services tax.
D)Peak customs duty for non agriculture products reduced from 15 to 12.5 per cent.
E)Customs Duty on primary and non-primary steel and alloy products reduced from 10 per cent to 7.5 per cent.
F)Duties on mineral products reduced from 15 to five per cent, barring some items.
G)Duty on ores and concentrates reduced from five to two per cent.
H)Duty on refractories reduced to 7.5 per cent.
I)Customs duty reduced on ten anti-AIDS drugs and 14 anti-cancer drugs to five per cent.
J)Customs duty on packaging machines reduced from 15 per cent to five per cent.
K)Four per cent countervailing duty on all imports to be levied with few exceptions.
L)Customs duty on bulk plastics reduced from 10 per cent to five per cent.
M)To protect vanaspati industry, customs duty to be increased to 80 per cent on its imports.
N)Import duty on all man made fiber has been reduced from 15 per cent to 10 per cent.
O)Excise duties on man-made fibers and filament yarn reduced from 16 per cent to eight 8 per cent, since it provides growth and employment.
P)Eight per cent special additional duty on aerated soft drinks and small cars withdrawn and they will attract only 16 per cent CENVAT excise duty instead of 24 per cent earlier.
Q)Reduction of duty on footwear priced between Rs 250 and Rs 750 from 16 per cent to eight per cent.
R)Duty on specialized writing paper reduced form 16 to 12 per cent.
S)Excise duty on compact fluorescent lamps reduced from 16 to eight per cent.
T)Cess on domestically produced petroleum crude has been raised from Rs.1800 per tonne to Rs.2500 per tonne but the entire amount to be absorbed by oil producing companies
Other Highlights of General Budgets...Others Proposals
1.The defence budget raised to Rs 89,000 crore (Rs 890 billion) in 2006-07 from Rs 83,000 crore (Rs 830 billion) in the current year. Of this Rs 37,458 crore (Rs 374.58 billion) would be capital expenditure.
2.Rs 100 crore special grant for Punjab Agricultural University as a centre of excellence for its commendable work in agricultural research.
3.500 ITIs to be upgraded in five years. Work has already started in 100 ITIs and would be taken up in the remaining 400 institutes soon. Rs 97 crore (Rs 970 million) allocated in 2006-07.
4.Special assistance of Rs 848 crore (Rs 8.48 billion) for Jammu and Kashmir for its reconstruction fund, including Rs 230 crore (Rs 2.30 billion) for Baglihar project. This will be in addition to 2006-07 state plan of Rs 2,300 crore (Rs 23 billion).
5.Rs 10 crore (Rs 100 million) allocated for preparatory work for celebrating the 150th anniversary of the First War of Independence of 1857 in a befitting manner.
6.To safeguard old art forms, Vedic chanting and Ram Lila have been declared UNESCO heritage and will be granted Rs 5 crore (Rs 50 million).
7.Comprehensive Insurance Regulatory and Development Authority bill to be introduced in 2006-07 incorporating the recommendations of K P Narasimhan Committee on insurance sector revamp. The committee has already submitted its report to government and IRDA is studying its recommendations.
8.An Investors Protection Fund will be set up and funded by fines and penalties to safeguard the interests of retail investors.
9.FII investment limit in stock markets will be raised
We all need traffic, that goes without saying, but are your hard earned marketing dollars doing any good? We know we should test our campaigns. You've read that statement about a hundred times or so, but has anyone told you how to tell if the traffic is real people or 'Ghost' traffic that just makes your counter spin and generates no results? Here's a very simple 'Non-Existent Traffic Test' to see if the program you are using is worth anything before spending a lot of money. Easy to do and all you need to create is 3 pages. NOTE: Make sure you have a counter on EACH of these 3 pages. For this example we are going to use: PetFood.htm, DogFood.htm and CatFood.htm Let's say you are using the keyword/phrase: "Pet Food" And your description was: "A great place to buy discounted dog and cat food" On your landing page (the page people are directed to (PetFood.htm in this example)) put a short statement about "Dog Food" and "Cat Food" with links to DogFood.htm and CatFood.htm. If the counter on your landing page is climbing BUT you are not getting any hits on your "second" pages (DogFood.htm and CatFood.htm), rest assured these hits are NOT coming from people. They are coming from auto load programs/scripts. After all, if a "PERSON" searched for 'Pet Food', saw your ad and read your description, they are at your site for a reason and would click to one of the 'second' pages. (Not 100% of the time, but you get the drift.)See the results I have (or have not) gotten since I started testing. http://yorkinternetmarketing.com/TrafficReport.htm
M)To protect vanaspati industry, customs duty to be increased to 80 per cent on its imports.
N)Import duty on all man made fiber has been reduced from 15 per cent to 10 per cent.
O)Excise duties on man-made fibers and filament yarn reduced from 16 per cent to eight 8 per cent, since it provides growth and employment.
P)Eight per cent special additional duty on aerated soft drinks and small cars withdrawn and they will attract only 16 per cent CENVAT excise duty instead of 24 per cent earlier.
Q)Reduction of duty on footwear priced between Rs 250 and Rs 750 from 16 per cent to eight per cent.
R)Duty on specialized writing paper reduced form 16 to 12 per cent.
S)Excise duty on compact fluorescent lamps reduced from 16 to eight per cent.
T)Cess on domestically produced petroleum crude has been raised from Rs.1800 per tonne to Rs.2500 per tonne but the entire amount to be absorbed by oil producing companies
Other Highlights of General Budgets...Others Proposals
1.The defence budget raised to Rs 89,000 crore (Rs 890 billion) in 2006-07 from Rs 83,000 crore (Rs 830 billion) in the current year. Of this Rs 37,458 crore (Rs 374.58 billion) would be capital expenditure.
2.Rs 100 crore special grant for Punjab Agricultural University as a centre of excellence for its commendable work in agricultural research.
3.500 ITIs to be upgraded in five years. Work has already started in 100 ITIs and would be taken up in the remaining 400 institutes soon. Rs 97 crore (Rs 970 million) allocated in 2006-07.
4.Special assistance of Rs 848 crore (Rs 8.48 billion) for Jammu and Kashmir for its reconstruction fund, including Rs 230 crore (Rs 2.30 billion) for Baglihar project. This will be in addition to 2006-07 state plan of Rs 2,300 crore (Rs 23 billion).
5.Rs 10 crore (Rs 100 million) allocated for preparatory work for celebrating the 150th anniversary of the First War of Independence of 1857 in a befitting manner.
6.To safeguard old art forms, Vedic chanting and Ram Lila have been declared UNESCO heritage and will be granted Rs 5 crore (Rs 50 million).
7.Comprehensive Insurance Regulatory and Development Authority bill to be introduced in 2006-07 incorporating the recommendations of K P Narasimhan Committee on insurance sector revamp. The committee has already submitted its report to government and IRDA is studying its recommendations.
8.An Investors Protection Fund will be set up and funded by fines and penalties to safeguard the interests of retail investors.
9.FII investment limit in stock markets will be raised
In my travels around the country while building my business I have had the pleasure of meeting some of the greatest community volunteers in our nation. I never missed an opportunity to meet community leaders and learn all I could about every market my company franchised in. One event in particular was a standout; the Austin’s Annual Charity Event with KVET.Part of my mission statement in my company was always to give back to the communities we serve and to be a community based company. I urge all business entrepreneurs to think like this. We are always interested in ways we can help the communities that our team serves. It is for that reason I joined 10's of thousands of others in the Austin Charity Event. When President Bush suggested that all American's put in their 2000 hours, that was not lip service, he meant it. So when we found out that KVET of Austin, Texas and the Highland Mall were putting on this event, we decided to find out which charities were their to receive the many Texans who came to volunteer their time and what our local franchisee could do to help, how we might offer our services or time to help the community.I wanted to personally thank the Program Director at KVET, a Channel Communications Station and M. Darlene Corum the Retail Marketing Coordinator for Highland Mall in Austin for organizing an event, which every single community in the nation should put on at least twice per year. Who was there; all the local charities, which serve the community day in and day out. As many know funds are in short supply now as the economy has not fully arrived at its natural strength, there is less money to go around.We talked with some of the most potentially devastating issues of the near future with the spread of AIDS and other serious illnesses. There on hand was a very knowledgeable group of people with Interfaith Care Alliance. We talked with Violet Leos, the Community Resource Director for the Austin Girl Scouts and volunteered our car wash fu
3.500 ITIs to be upgraded in five years. Work has already started in 100 ITIs and would be taken up in the remaining 400 institutes soon. Rs 97 crore (Rs 970 million) allocated in 2006-07.
4.Special assistance of Rs 848 crore (Rs 8.48 billion) for Jammu and Kashmir for its reconstruction fund, including Rs 230 crore (Rs 2.30 billion) for Baglihar project. This will be in addition to 2006-07 state plan of Rs 2,300 crore (Rs 23 billion).
5.Rs 10 crore (Rs 100 million) allocated for preparatory work for celebrating the 150th anniversary of the First War of Independence of 1857 in a befitting manner.
6.To safeguard old art forms, Vedic chanting and Ram Lila have been declared UNESCO heritage and will be granted Rs 5 crore (Rs 50 million).
7.Comprehensive Insurance Regulatory and Development Authority bill to be introduced in 2006-07 incorporating the recommendations of K P Narasimhan Committee on insurance sector revamp. The committee has already submitted its report to government and IRDA is studying its recommendations.
8.An Investors Protection Fund will be set up and funded by fines and penalties to safeguard the interests of retail investors.
9.FII investment limit in stock markets will be raised from $1.75 billion to $2 billion to deepen, strengthen and broaden the market.
10.Raise in the aggregate investment of overseas investors from $1 billion to $2 billion is proposed.
11.An investment protection fund under the aegis of SEBI would be set up.
12.Rs 50 cr (Rs 500 million) for Mumbai, Kolkata, Chennai varsities.
13.Eighty two power projects are in various stages of implementation in the country to overcome power shortage. This when completed in 1 to 3 years will generate 33,000 mws of power in PSUs and 6500 mws in private sector. Of this, 15,000 mw of power generation is to be installed by March 2007.
14.Five mega power projects of Rs 4000 crore (Rs 40 billion) each is to be set up for which clearance is to be given by March 31, 2006. Of this, one each will come in Chhattisgarh and MP. The remaining three will be in coastal areas of Maharashtra, Karnataka and Gujarat.
15.NHAI to be reconstituted to make it more effective.
16.A new deep draft port to be set up in West Bengal. A study is to be conducted.
17.The National Institute of Port Management in Chennai to be renamed as National Maritime Academy and converted into a Central University with branches in Mumbai, Viskhapatnam and Kolkata.
18.Old age pension to be increased to Rs 200 per month for above 75 years of age.
19.Allocation for it put at Rs 1430 crore (Rs 14.3 billion) from the Centre and the state government to provide matching contribution.
20.Rajiv Gandhi drinking water program to get Rs 4680 crore (Rs 46.8 billion) next year as against Rs 3645 crore this year.
21.National Health Mission allocation increased to Rs 8207 crore (Rs 82.07 billion) in next fiscal from Rs 6,553 crore (Rs 65.53 billion) this year.
22.Government plans to eradicate polio by December 2007, Chidambaram said.
23.The Finance Minister said that Rs 14,300 crore (Rs 143 billion) for rural employment program would be scheduled during 2006-07, out of which Rs 11,300 crore (Rs 113 billion) for NREG program and Rs 3,000 crore (Rs 30 billion) for SGRY.
24.New towns to be established on specific themes.
25.For gender budgeting under various heads, Rs 28,737 crore (Rs 297.37 billion) has been allocated.
26.Special schemes to be announced for STs and SCs for their development.
27.India to be made a manufacturing hub for textiles, steel, metals and petroleum products.
28.Maulana Azad Educational Foundation corpus doubled to Rs 200 crore (Rs 2 billion) for greater financial support to organizations involved in minority welfare.
29.Allocation for national Urdu education program increased to Rs 13 crore (Rs 130 million) from Rs 10 crore (Rs 100 million) this year.
30.One thousand schools for girls of SCs, STs, OBCs and minorities to be set up.
31.A girl child will get Rs 3,000 deposited in a bank account after she enrolls for eighth class examination and the amount would be given when she becomes a major.
32.Separate window for tenant farmers to ensure loan share. Agri credit proposed to be increased to Rs 175,000 crore (Rs 1750 billion) next year as against Rs 1,41,500 crore (Rs 1415 billion), covering additional 50 lakh farmers.
33.Farmers to receive short term credit at 7 per cent.
34.Budgetary loan for PSEs has been fixed at Rs 16901 crore (Rs 169.01 billion) including Rs 2791 crore ( Rs 27.91 billion) for Railways.
35.Ninety-six per cent of the golden quadrilateral would be completed by June 2006 and the corridor would be completed by the end of 2008.
36.Six lakh hectares of irrigation potential expected to be created this year. Rupees nine hundred and forty-four crore (Rs 9.44 billion) released this year under the Accelerated Irrigated Benefit Program.
37.Allocation on education increased by 31.5 per cent to over Rs 24,150 crore (Rs 241.5 billion) and that for healthcare raised by 22 per cent to Rs 12, 546 crore (Rs 125.46 billion).
38.Entire Rs 1,100 crore (Rs 11 billion) for rural electrification released this year and 10,366 villages to be electrified.
39.Five lakh additional class rooms to be constructed and 150,000 additional teachers to be appointed.
40.Larger budgetary support will be given to Bharat Nirmal Programme: Rs 18696 crore (Rs 186.96 billion) to be given which represents a hike of 54 per cent.
41.Total budget for north-eastern region will be Rs 12,041 crore (Rs 120.41billion) including Rs 1,350 crore (Rs 13.5 billion) for the ministry of north-east development.
42.A massive immunization program will be launched to eradicate polio completely by 2007.
43.Allocation for mid-day meal scheme to be enhanced to Rs 4813 crore (Rs 48.13 billion) next fiscal as against Rs 3014 crore (Rs 30.14 billion) this year.
44.Gross budgetary support for annual plan expenditure has been raised to Rs 1,74,725 crore (Rs 1747.25 billion) for 2006-07 as against Rs 1,43,497 crore (Rs 1434.97 billion), an increase of 20.4 per cent.
45.Likewise for the central plan increased to Rs 1,31,285 crore (Rs 1312.85 billion) next fiscal.
46.Eight flagship program of the UPA including Sarva Shiksha Abhiyan and Mid-Day Meal Scheme will get a total allocation of Rs 60,015 crore (Rs 600.15 billion) in 2006-07 as against Rs 34,927 crore (Rs 349.27 billion) in the current year.
47.Metro in Hyderabad to be co
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