Author Topic: morning news 27-02-2014  (Read 8911 times)


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Re: morning news 27-02-2014
« Reply #15 on: February 27, 2014, 10:42:44 AM »
Alleged irregularities in recruitments by PSSSB
Former Chairman PSSSB Tejinder Sandhu, Valtoha and 4 others acquitted by Mohali Judicial Court

Chandigarh, February 26: Mohali Judicial Court today acquitted former Chairman Pb. Subordinate Services Selection Board (PSSSB) Tejinder Singh Sandhu and 5 others including 4 members and Secretary in a case of alleged irregularities in recruitments registered against them by Amarinder Govt. Chief Parliamentary Secretary and sitting MLA Virsa Singh Valtoha was also one of the members of the Punjab SSS Board at that time and he was also facing trial along with Chairman


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Re: morning news 27-02-2014
« Reply #16 on: February 27, 2014, 10:45:24 AM »
पिछले साल भारत में स्मार्टफोन की बिक्री तीन गुना हुई

नई दिल्ली: देश में स्मार्टफोन बिक्री पिछले साल तीन गुनी होकर 4.4 करोड़ से अधिक फोन की रही. माइक्रोमैक्स व कार्बन जैसी घरेलू कंपनियों के सस्ते स्मार्टफोन बाजार में आने की वजह से बिक्री में तेजी आई.
अनुसंधान फर्म आईडीसी के मुताबिक, वर्ष 2012 में स्मार्टफोन की बिक्री 1.62 करोड़ इकाइयों की रही.
आईडीसी ने एक बयान में कहा, ‘‘ भारत 2013 में स्मार्टफोन की बिक्री के मामले में दुनिया के सबसे तेजी से बढ़ते बाजारों में से एक रहा. इस तेज बिक्री की वजह घरेलू कंपनियों की किफायती कीमतों में स्मार्टफोन की पेशकश रही.
वर्ष 2013 की चौथी तिमाही में भारतीय स्मार्टफोन बाजार में 38 प्रतिशत हिस्सेदारी के साथ कोरियाई कंपनी सैमसंग पहले पायदान पर रही, जबकि 16 प्रतिशत की बाजार हिस्सेदारी के साथ माइक्रोमैक्स दूसरे, कार्बन :10 प्रतिशत: तीसरे, सोनी :5 प्रतिशत: चौथे और लावा :4.7 प्रतिशत: पांचवे पायदान पर रही.
कंपनी ने कहा कि पिछले साल फीचर फोन से स्मार्टफोन की ओर रख करने वाले लोगों की संख्या में उल्लेखनीय वृद्धि दर्ज की गई. इसका मुख्य कारण फीचर फोन और स्मार्टफोन की कीमतों के बीच घटता अंतर रहा.
वर्ष 2013 में कुल फोन की बिक्री 18 प्रतिशत बढ़कर करीब 25.7 करोड़ इकाइयों की रही जो इससे पिछले साल 21.8 करोड़ इकाइयों की थी.


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Re: morning news 27-02-2014
« Reply #17 on: February 27, 2014, 10:46:48 AM »


Given below are some highlights of the Interim Budget 2014-15.

Change in tax rates

Considering the demands of the economic situation, the minister of finance announced some changes in the indirect taxes.

A cut down in the excise duty from 12 percent to 10 percent on all goods covered under Schedule to the Central Excise Tariff Act (Chapter 84 & 85 of the act for the period up to 30.6.2014).

Automobile industry which is suffering negative growth will be allowed a decrease in the excise duty.

Indirect taxes on cars and mobile phones cut in order to recover growth.

Exemptions will be withdrawn from the CVD on similar imported machinery.

The customs duty structure on non-edible grade industrial oils and its fractions, fatty acids and fatty alcohols will rationalise at 7.5 percent.


The annual growth for the year is expected at 4.9percent, estimating the GDP expansion in the third and fourth quarters as 5.2 percent.

Current Account Deficit

Considering the last year’s fiscal deficit $88 billion , the current account deficit for 2013-14 estimated at $45 billion.

 The end of 2013-14 will see Forex reserves to be rising by $15 billion.


2012-13 saw a Food grain production of 255.36 million tonnes and the honourable minister praised the steady performance of the agriculture sector. The estimate for the current year is 263 million tonnes.  Agricultural GDP growth is estimated at 4.6 percent in the current year.


The global trade recovered its growth decline from 6.1 in 2011 to 2.7 percent in 2013 thus indicating an overall recovery in the context of global trade growth.

In spite of 2013-14 beginning on a low note, the merchandise exports were observed to be USD 326 billion bringing along a growth rate of 6.3percent.

However, the imports run a downhill which calls for a need of augmenting growth in both exports and imports.


Spending ascended up to 10 percent to Rs.224,000 crore in 2014/15 from Rs.203,672 crore in BE 2013-14 .

SC Sub-Plan and Tribal Sub-Plan, Gender Budget and Child Budget

The minister proposed to allocate Rs.48,638 crore to the scheduled caste sub plan and Rs.30,726 crore to the tribal sub plan.

Also, the child budget plan will be of Rs.81024 crore and the gender budget upto Rs.97,533 crore.


The railway budget being was presented a few days before. The railways will receive an increased budgetary support of Rs.29000 crore in 2014-15 as against the Rs26,000 crore in 2013-14.

For the purpose of capital infusion in public sector banks, the budget will aid the financial sector by providing 11,200 crore.


The plan expenditure is estimated at Rs.5.5 trillion for 2014-15 same as that of the fiscal year. Non-plan expenditure is estimated at Rs.12.08 trillion in 2014-15.


The budget for total spending on food, fertilisers and fuel is Rs.2.5 trillion in 2014-15.

1.15 trillion rupees for food subsidy, fertiliser subsidy at Rs.679.71 billion.

Petroleum subsidy estimated at Rs.634.27 billion as against the revised figure of Rs.854.8 billion in 2013-14.

Budget Estimates

Fiscal Deficit

The fiscal deficit of 2014-15 is projected at 4.1 percent of GDP while the revenue deficit is seen at 3.0 percent. Fiscal deficit is anticipated at 4.6% of GDP in 2013-14 below the targeted 4.8%.

Borrowing/debt servicing

Gross market borrowing for 2014/15 estimated at Rs. 5.97 trillion while the net market borrowing seen at Rs. 4.57 trillion.

In 2014-15 the government plans to buy back/ switch bonds worth Rs.500 billion.

Rs.100 billion estimated for the Ways and Means advances for year 2014-15.

Repayment of debt is estimated at Rs. 1.397 trillion.

Interest payments expected to see a rise in 2014-15 at Rs. 4.27 trillion. The current fiscal year’s was at Rs.3.8 trillion.


Finance Minister recommends that regarding the limited sources and claims on these, the most vital ones be chosen and given only to the rightly deserving ones.

India’s economy has secured a place as the eleventh largest economy in the world. And with the going progress India’s nominal GDP will reach to the third largest economy in the world said the minister. The budget was concluded by the note that India will occupy a more significant position in the world as an economy and have an impact on other economies in the near future. Hence a need to keep the economy stable is seen.


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Re: morning news 27-02-2014
« Reply #18 on: February 27, 2014, 10:47:51 AM »
The Centralized Processing Cell (TDS), in its constant endeavour to keep our stakeholders informed and educated, feels glad to remind important facts related to submitting Correction Statements. Following are some useful information to adhere before submitting Corrections, with special reference to C3 & C9:
What are C3 & C9 Corrections?     

· C3 Correction involves Updation  or Addition of Deductee details in the TDS statement.  The facility to delete Deductee records has now been discontinued for the purpose of correct reporting and is no longer permissible in the TDS statements. Accordingly, the delete option available under "Updation mode for Deductee" has been removed from RPU 3.8.
· Revision of TDS Statement by way of Adding a new Challan and underlying Deductees is referred to as C9 Correction.

Important points to adhere while submitting Corrections:   

· Correct and Complete Reporting: It is very important to report correct and valid particulars (TAN of the deductor, Category (Government / Non-Government) of the deductor, PAN of the deductees and other particulars of deduction of tax) in the TDS statement. Please ensure that records are corrected for all deductees reported in the corrections to avoid multiple submissions.
· Addition of new deductee rows and thereby, challans is not encouraged by CPC (TDS), except for inadvertent errors. Please ensure that complete data is reported in the first instance, while quarterly TDS Statement is submitted.
· Validate PAN and name of fresh deductees from TRACES before quoting it in correction statement. Download PAN Master from TRACES and use the same to file new statement to avoid quoting of incorrect and invalid PAN
· TDS statement cannot be filed without quoting any valid challan and deductee row
· Quote correct and valid lower rate TDS certificate in TDS statement wherever the TDS has been deducted at lower / zero rate on the basis of certificate issued by the Assessing Officer
· Download the Justification Report to know the details of TDS defaults, if any, on processing of TDS statements and submit corrections accordingly
· File correction statements promptly in case of incomplete and incorrect reporting. Please use the new version 3.8 of the Return Preparation Utility (RPU) and version 4.1 & 2.137 of the File Validation Utility (FVU) released by NSDL.

Please ensure  that data for all deductees reported in TDS Statements are duly corrected which will help the deductees in claiming correct TDS Credits, besides generating correct TDS Certificates.

For any further assistance, you can also write to or call our toll-free number 1800 103 0344.

CPC (TDS) is committed to provide best possible services to you.


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Re: morning news 27-02-2014
« Reply #19 on: February 27, 2014, 01:26:16 PM »
नौसेना का संकट: रक्षा मंत्री से इस्तीफे की मांग, वाइस एडमिरल दे सकते हैं इस्तीफा?

नई दिल्ली: मुंबई में दुर्घटनाग्रस्त हुई पनडुब्बी आईएनएस सिंधुरत्न से परेशान नौसेना का संकट बढ़ता जा रहा है. इस घटना के बाद जहां नेवी चीफ डीके जोशी इस्तीफा दे चुके हैं वहीं अब वेस्टर्न नेवी कमांडर वाइस एडमिरल शेखर सिन्हा के इस्तीफे की चर्चा है.
मीडिया में यह बहस हो रही है कि जब नैतिक जिम्मेदारी लेते हुए नेवी चीफ अपना इ्स्तीफा सौंप चुके हैं तो आखिर रक्षा मंत्री कब जाएंगे. अब राजनीतीक गलियारों से भी रक्षा मंत्री ए के एंटनी के इस्तीफे की मांग होने लगी है.
बीजेपी प्रवक्ता प्रकाश जावडेकर ने कहा है कि सेना को लेकर यूपीए सरकार कभी संजीदा नहीं रही. जावडेकर ने रक्षा मंत्री से इस्तीफे पर सोचने की मांग की. रक्षा विशेषक्ष भरत वर्मा ने भी कहा है कि एंटनी को इस्तीफा दे देना चाहिए.
सूत्रों का कहना है कि नेवी चीफ के बाद अब वेस्टर्न नेवी कमांडर वाइस एडमिरल शेखर सिन्हा आज अपना इस्तीफा सौंप सकते हैं.
आपका बता दें कि सरकार ने नेवी चीफ जोशी का इस्तीफा स्वीकार कर लिया है और उसे तत्काल प्रभाव से लागू कर दिया है.  वाइस एडमिरल रॉबिन के धवन को नौसेना प्रमुख का अतिरिक्त कार्यभार सौंपा गया है.
आपको बता दें कि कल  मुंबई में दुर्घटनाग्रस्त हुई पनडुब्बी आईएनएस सिंधुरत्न हादसे की जिम्मेदारी लेते हुए नौसेना प्रमुख ने इस्तीफा दिया.
आईएनएस सिंधुरत्न में धुआं फैलने से सात नाविकों के बीमार होने और दो के लापता होने के खबर है.


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