CELEBRATING WOMANHOOD

CELEBRATING WOMANHOOD

8th March is celebrated as #InternationalWomen'sDay. 
Its a  day to celebrate the achievements of women in Economic, Social & Political fields. 
Its a day to Respect & appreciate women for their contribution in making this world a beautiful place to be.

 History :

First women's Day was celebrated on 28th Feb,1908 in USA.
Thereafter it was celebrated in Austria, Sweden, Germany , Switzerland on 19th March, in 1911
It was in the 1977, that UN declared 8th March as International day for Women's right & World Peace.
Since then , 8th March is celebrated as International Women's Day all over the world. 

Objective :  Women Empowerment , Gender parity

Current status of women in society :

Today, Successful Women can be seen in every sphere of society from Universe down to Farms, such as 

1.हवाई सुंदरी  : Astaonaut, Pilot, Air Hostess
2.दवाई  सुंदरी  : Doctor, Nurse
3.पढाई सुंदरी  : Teacher
4.लडाई सुंदरी : Army, Air-Force, Boxing
5. बुवाई - जुताई - कटाई सुंदरी : Farming
6. चढ़ाई सुंदरी : Mountaineer
7. कमाई सुन्दरी : Entrepreneurs

                                   And Above All
 
8. घर बनाई सुंदरी : Home Maker

Let us have a look at some celebrated women to draw inspiration from :

1.

Sunita Williams - Astronaut

2.

Women in Army

3.

Mary Kom- Boxer

4.

5.

Rimpi-The Farmer

 6.

Indira Gandhi- One of most powerful woman in world

 7.

Ms Chanda Kochar - CEO,ICICI bank

8.

Malala Yousafzai- The child crusader for Girls Education

 9.                            

                                And The Home maker :

House is made of Wood & Stone

Only a woman can make a house a Home

Every Mother/Every Wife

कभी शबनम कभी शोला , कभी माशा कभी तोला

कभी बूँद कभी मोती , कभी ज्वाला कभी ज्योति 
पल में छाँव, पल में  धूप , नारी तेरे कितने रूप 

हो कोई भी रूप तेरा , हर रूप में ख़ूबसूरत है 

माँ ,बहन ,पत्नी ,बेटी  > नारी प्रेम की मूरत है 

Challenges :

Some challenges still exist in the path of Women empowerment & Gender parity :

> Female Foeticide
> "Girl is a Liability & Boy is an asset" mindset
    (Surprisingly even women share this mindset)
>  Dowry custom
>  Little say in decision making
> Domestic Violence against women
> Crime against women on street
> Crime against women at Work place
> Portrayal of women as objects of desire in Ads/ Movies
> Rural - Urban Gap in women empowerment

Conclusion :
 
Whatever a Man gives to a Woman, she multiplies and gives it back.
Give her groceries-she gives you a meal
Give her a House-she gives you a home
Give her a sperm-she give you a baby
Give her a caring smile-she gives you her heart

Give her a little push - she gives you a big kick.

Women make this world a beautiful place to be.
Today is the day to celebrate womanhood.

Happy Women's Day !

 


 

BUDGET 2016 INDIA

UNION BUDGET 2016, INDIA

#BUDGET2016

Background :

> Indian Economy grew at an impressive 7.6% in 2015-16
> Foreign Exchange Reserves at highest ever : US $ 350 Billion

Challenges in 2016-17 :

> Risk of Global slowdown & turbulence

> Addl burden due to recommendation of 7th Pay commission & OROP :  Estimated Rs 1,10,000 crore 

Tax Proposals :


>Tax rebate increased from Rs 2000 to Rs 5000 for Tax payers  having income up to Rs 5 Lacs. It means effective increase in exemption limit by Rs 30000 for this category of Tax payers. 

>Maximum Limit for Deduction for House Rent for Tax payers  (not in receipt of HRA) increased to Rs 60000 from Rs 24000
 

>Additional Deduction for Int on Housing Loan up to Rs 50000 for First time House Buyers where Home Loan amount is NOT more than Rs 35 lacs & cost of House is NOT more than Rs 50 Lacs & Home is purchased between 01-04-16 to 31-03-17)

> 10% Tax on Dividend Income in the hands of Payee where Dividend amount exceeds Rs 10 Lacs

 (It means Mukesh Ambani will be paying Addl Tax of More than Rs 100 crore , Wipro chairman Premji Azim  will be paying more than Rs 150 crore additionally) 

 

 > Surcharge on Income above Rs 1 Crore increased to 15% (from 12%)

> Lump sum Withdrawal from NPS, EPF etc in excess of 40% to be taxed

(This proposal has faced a stiff opposition and may be withdrawn)

>  1% TCS on purchase of cars costing more than Rs 10 Lacs

>  1% TCS on purchase of ANY goods & Services above Rs 2 Lacs in CASH


> New Mfg Company incorporated after 1.3.16 given option to be taxed @ 25% (plus cess )provided No deductions are claimed under other sections of Income Tax act 

> Companies with annual turnover of up to Rs 5 crore to be taxed @ 29% (plus cess) 

 > For start up businesses set up between Apr 16 to Mar,19, full tax exemption for 3 out of first 5 years

> Holding period of shares in unlisted companies for claim of Long term capital gain reduced to 2 yrs from 3 yrs

> 0.5% Krishi Kalyan Cess on all Taxable Services wef 01-06-16

 > 1% Infra Cess on Small Cars (Petrol,LNG)

> 2.5% Infra Cess on small Diesel cars

> 4% Infra Cess on SUV / high capacity cars

> Clean Environment Cess on coal @ Rs 400 per tonne 

> Immunity Scheme to declare previously undisclosed income / Asset @ 45% all inclusive Tax. No questions asked. Limited Period scheme.

> Penalty provisions rationalised. 50% in case of Under reporting and 200% in case of Mis Reporting of Income

> Stay of demand mandatory where case is under appeal and assessee has paid 15% of disputed Tax

> E assesment scheme to be launched in 7 cities for assessment of scrutiny cases on e-platform without direct face to face inter action with Assessing Officer  

> TDS provisions rationalised

    TDS on Brokerage /Commission : Limit raised to 15000 , (from 5000 ) Rate reduced to 5%  (from 10%)

    TDS on Contracts : Limit raised to Rs 100000 (from Rs 75000

> Presumptive Scheme of taxation extended to businesses having annual TO of up to Rs 2 crores.(subject to conditions)

> Excise duty of 1% (Without Input claim ) / 12.5% (with Input Claim)  levied on Jewellery

> Excise duty of 2% (Without Input Claim) / 12.5% (With Input Claim)  on Readymade Garments  

> Excise duty on Tobacco raised by  10- 15%

> Commitment to provided Stable & predictable Tax regime

> GAAR (General Anti Avoidance Rules) to be implemented with effect from 01-04-2017

> GST to be implemented with effect from 01-04-2017 

Agriculture :

> To reduce dependency on Monsoon, Irrigation to be given a big boost by :

1) Addl 28.5 Lacs hectare of Farmland to be brought under irrigation
2) Irrigation fund set up with initial corpus of Rs 20000 crore
3) Ground Water resource Management to focus on recharging of fast depleting Ground water - Funds allocated Rs 6000 Crore
4) Target to dig 5 Lacs addl ponds / wells under MGNREGA

> Action plan to tackle droughts 

> Emphasis on Organic Farming : 5 Lacs Acres to be brought under Organic Farming

> E-market platform for Agricultural produce to reduce dependency of farmers on middlemen

> Crop Insurance Scheme to protect farmers in distress
    Allocation Rs 5500 Crores

> Rs 15000 crores for Interest subvention on Loans by farmers

Rural Sector :

> 100% Village electrification target by 01.05.2018

> Budget allocation for MGNREGS Rs 38500 Crores

> Rs 19000 crore to connect villages by Road

> Digital Literacy Mission to cover 6 crore addl rural households in next 3 years

Health :

> Health Insurance cover of Rs 1 Lac for each family

> 3000 Medical Stores to be opened to provide generic drugs at affordable  prices

> National Dialysis Programme to provide Dialysis services at affordable cost

> Rs 9000 Crore for Swachh Bharat Programme

Education :

> Target to set up 10 Public & 10 Private Educational Institutions to be made World class in quality of Education & Research

> Higher Education Funding Agency to provide loans for higher education : initial Fund Rs 1000 Crore

> Digital Depository for School & College certificates, mark sheets etc

Skill development :

> 1500 Multi skill development centres to impart multiple skills to enable youth to make a living

> A no of online courses to be started for training in multiple disciplines to encourage entrepreneurship

Infrastructure :

> 10000 Kms of New National Highways to be approved & commenced 

> Ambitious plan to generate Nuclear Power over next 15-20 years. Rs 3000 crore for 16-17.

> Under served  Airports to be developed

Governance :

> Committee set up for Rationalisation of Human resources in all ministries

> Targeted Delivery of Financial Subsidies & benefits direct to beneficialry through Aadhar framework

> Price stabilisation Fund of Rs 900 Crore to maintain prices of Pulse

> Rs 25000 crore for recapitalisation of Banks 

> New Company Formation in 1 day

> एक भारत -श्रेष्ठ भारत : Annual event to connect States & Districts to for exchange of Trade, culture, Travel & Tourism

> Commitment to Fiscal Discipline 

Impact on Market Place :

Things Costlier :


> Cars
> Cigarettes , Cigar, Gutkha
> Readymade garments
> Gold, Jewellery
> Mineral Water, Soft Drinks
> Air Travel
> Eating Out,watching movies
> Beauty Parlour

Things Cheaper :


> Leather Footwear
> Refrigerated Containers
> Microwave Oven
> Agarbatti
> Ambulance , Ambulance Services
> Pacemaker
> Set Top Boxes, Router
> Make in India Mobile Phones
> LED lights

And finally a look at Where the Rupee comes from and where the Rupee goes to :

  Conclusion :

The Budget is clearly focused on Agriculture & Rural Sectors.
Due emphasis is given to "Make in India" project of PM Modi by tweaking Excise & Custom duties here and there to encourage domestic Industries like I T Hardware , Capital Goods  & Defence.

The Government has tried to take from Super Rich & Rich and given to the poor. Sincere steps are taken to prevent leakage of revenue and to ensure that benefit reaches directly to the targeted beneficiary.

Infrastructure, Education , Skill development, Environment are also given due importance.

Overall its a balanced budget in right direction.

  

Impression by Sand Artist Sudarshan Patnaik,Puri