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Sunday, August 28, 2011

MAURITIUS ROUTE OF AVOIDING TAX PAYING IN INDIA

Most of the investigations related to financial scams in India usually hits the wall of Mauritius channel. In this post, let us check how investors in India, business class in India, and foreign investors are using this channel of Mauritius to avoid paying tax in India. Mauritius channel helps to evade paying taxes in India amounting to crores of rupees with the help of loopholes in a bilateral agreement on double taxation.

Double Taxation Avoidance Agreements

double taxation avoidance India has Double Taxation Avoidance Agreements (DTAA) with many countries. Double Taxation Avoidance Agreements is generally meant by the process of exempting agreed rates of tax and jurisdiction on specified types of income arising in a country to a tax resident of another country.

Income Tax Act 1961 of India, Section 90 and Section 91, which provide specific relief to taxpayers to save them from double taxation. Section 90 is for taxpayers who have paid the tax to a country with which India has signed DTAA, while Section 91 provides relief to tax payers who have paid tax to a country with which India has not signed a DTAA. Thus, India gives relief to both kind of taxpayers.

 

No tax for Foreign Institutional Investors operating from Mauritius

Many foreign institutional investors in India, who trade on the Indian stock markets operate from Mauritius. According to the provisions of a two-decade-old bilateral agreement, the Double Taxation Avoidance Convention (DTAC), capital gains arising from the sale of shares are taxable in the country of residence of the shareholder and not in the country of residence of the company whose shares have been sold. Therefore, a company resident in Mauritius selling shares of an Indian company will not pay tax in India. The most funny fact is that there is no capital gains tax in Mauritius. So the foreign institution operating from Mauritius will gain a lot by escape tax.

Another similar treaty, is the Indian and Cypriot tax treaty that provides almost same beneficial treatment of capital gains.

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Sixth Extinction

Throughout the history of the world there have been many extinctions. Nature has a way of getting rid of life that it deems no longer useful. The dinosaurs no longer fit in so they were completely removed. When you think about it, you wonder how come some species didn't survive. For every last one of them to be wiped off the face of the Earth was almost as if it was planned that way. If they would have survived, maybe we wouldn't be here today, or maybe we would be hiding in caves somewhere, hoping to avoid being eaten.

image The Saber Toothed Tiger and Mammoth were only one member of their family tree when they were wiped out. This extinction was far more selective than the one that wiped out the dinos. Some animals did survive from that era that weren't dinosaurs. The crocodile is a prime example of this, although it seems to have been somewhat shrunken down in size, it's still pretty big.

Future Extinctions us

There is no doubt that the dinosaurs were rulers of the Earth in their time, as we are today. Will we also be subject to some form of extinction in the future?

As harsh as nature has been in these matters, man is worse. Many people believe we are in the middle of the greatest mass extinction of all times and it isn't caused by nature but by man. Man with his chemicals, toxic emissions and land grabbing tactics. If I said to you that I had an invention that we could all utilize, but it would have a cost to run and that cost would be that it would dump thousands of tons of gases into the atmosphere, the air that we breathe, would you say this was a good idea? Probably not, but this is just what we do. Our cars, trains and planes dump their deadly loads into our air while our factories exhaust their fumes along with them.

Our farms send toxic fertilizers and pesticides into our water as do our garbage dumps. We don't even have any way of knowing what our military is getting rid of by burying or burning. We are in sad shape indeed and yet we wonder why the animals and plants are dying. We bury radioactive waste that stays radioactive for 240,000 years and expect it not to affect anything in the future when we know that we have to find a way to make it non radioactive before we get rid of it. What kind of people are we?

Right now species are disappearing at a rate that is faster than ever before. If you check with anyone in the government they will tell you this is caused by global warming and holes in the ozone layer. Many people feel that this has no bearing on their daily life so they really don't care, or figure that they can't do anything about this anyway. But it will affect future generations and we can't be selfish. One in eight plants is in danger of becoming extinct. These are plants that people depend upon. We may loose certain plants that are responsible for producing much needed drugs.

Everything on Earth is linked together somehow. The disappearance of a certain plant may effect the life of an insect that controls pests that eat crops or insects that carry diseases. Even worse than the plants disappearing is the fact that up to 20% of every type of animal alive today may not be here in 30 years or less. I find this fact very unnerving, do you? But while 70% of biologists that were interviewed believe this, 30% did not. You have to wonder why those 30% didn't feel this was true when evidence of extinction is all around us? The ones that did believe this all said about the same thing, that man was causing this in one way or another. Who knows, man may be the first animal that will be responsible for making himself extinct.

There have been mass extinctions before, but it is believed that this has only happened five other times. An author of an article once described man as an 'exterminator species'. If you look at man's record it is hard not to agree with this. At the end of 2003 the endangered wildlife list contained over 12,000 animal species. Plants in Hawaii have been devastated along with many plants in other locations around the world. The most threatened areas for birds and mammals are Indonesia, China, Brazil, Peru and India while plants are fairing the worst in Ecuador, Sri Lanka, Indonesia, Brazil and Malaysia.

A study conducted in Britain showed that in the last 20 years over 70% of the Butterfly species have declined considerably. But it doesn't end there, 54% of bird species and 28% of plant species are also declining.

Is this what happens when one form of life becomes dominant? Would we be experiencing a similar event if one type of animal became dominant? I am not saying that animals would develop industry, what I am asking is would the dominance of one species cause the extinction of others? Some may argue that no life form should ever be dominant, I don't buy this argument, but if it were true than I guess there might not be an extinction on this scale going on right now.

Will this beautiful Earth of ours look like something out of a Mad Max movie someday? I sure hope not. Can you imagine the Earth as an arid almost lifeless place where humans have somehow discovered how to survive without most of the animals and plants that we enjoy now. A place where it becomes a major event to see a squirrel trying to find a tree. I say squirrel because somehow these creatures have a way of surviving in the most unfriendly areas such as urban rows of houses with only a few trees here and there.

Will a flower be something so special that it will cost a considerable amount of money to buy and people may have to decide between it or a car? Its time we became aware of what is happening around us and try to do something about it.

By Kenneth J. McCormick. Ken is the webmaster of About Facts Net. This is an interesting free internet magazine. The articles are suitable for family viewing and often contain photos, video and audio.
http://aboutfacts.net/ ken@aboutfacts.net Copyright © 2005 by About Facts Net and its licensors. All rights reserved. Permission is granted to reprint this article if all links are left intact and no changes made. This means that everything including this notice must be copied.

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Artificial Improvement Of Humans

We have all read those stories where science goes wild and puts computer parts or parts from things like dead bodies, into someone and they go mad, then go out on a gruesome killing spree. There must be hundreds of movies about this subject, usually they are of the more inexpensive kind. We used to call them B movies in my day.

artificial brain improvement I remember a few, where they took a human brain and put in to the body of a robot and of course the brain went crazy. Usually this had to do with a beautiful women. It would always be that the guy loved the woman and got into some time of terrible accident and some scientist was able to keep his brain alive. It was then put into a robot and the woman was horrified by this sight and didn't want to be near him. Thus the craziness.

 

Human Brain Competing

We haven't reached that point yet, where we can transfer a human brain into a different body or machine, but this may indeed be possible some day, when we have a better understanding of the brain and how it is connected to different parts of the body. Scientists say that the reason that the human brain is so much more powerful than a computer, any computer, is because of the way it is connected to things. Even though we can't transplant brains yet, we are at the beginning of doing many other marvelous things. Just look at the organ donation program. Who would have ever thought, say one hundred years ago, that we could use parts from other bodies to replace broken parts in our own bodies? It isn't only body parts that are becoming interchangeable, we are also using computer chips. The invention of the computer chip has not only revolutionized the way we do things, but it has also revolutionized medicine. The problem with current medicine is the cost. Medical costs are subject to the highest increases in this country. Even with all the medical breakthroughs, people may not be able to take advantage of some of the new procedures, because either they have no medical insurance and not enough money or because they do have medical insurance but the company won't pay for certain procedures.

Maybe it is essential that humans improve and improve in a hurry. Why do I say this? I say it because our machines are becoming advanced very quickly and some scientists believe that somewhere along the line they may become sentient. Can you imagine this, a machine that knows it is alive and doesn't want to die? At that point we will have to try and stay ahead of them in intelligence. Darwin believed in survival of the fittest. If we are not careful, we could become the Neanderthals, who it is believed, became extinct because they couldn't compete with a superior race, the modern humans. By the way, this machine progress has been predicted to the point where a rough date has been given. It is called Technological singularity or the singularity. The date selected is somewhere around 2045, but some have predicted it will happen before 2030. You will find some disagreement of what this means. Some say that this is when superhuman intelligence will be created, while others say it will be a technological leap so profound that it will rupture the fabric of human history. This can be interpreted as the creation of non human life.

In 2004 the FDA (Food and Drug Administration) approved a computer chip to be inserted into a human arm. The chip doesn't do much except store a code. This code is revealed when a scanner is passed over it. With the code, the patients medical records, which are in a secure medical database, can be accessed. The chip isn't updated after procedures, only the database is. I have been to many doctors offices and believe me some of them are like crazy houses.

Can you see all these employees going into your medical database and maybe entering incorrect info or worse yet, the info for a different patient? I am not very happy with this sort of thing. The chip is known as the VeriChip. This is the same chip that has been inserted into over 1,000,000 pets. Truthfully, I can not see a necessary use for this chip right now. What the chip makers really want to do, is create a chip that will read all our vital signs and be implanted in our bodies. The idea is that when something goes wrong, we can be located immediately by satellite and help sent. This is the good aspect of the chip, but the bad side is that we will always be under surveillance. Every move we make will be known and to believe that government agencies won't take advantage of this situation is very naive. Any chip that broadcasts a signal is a chip that is begging to be tracked.

Some people, granted only a few, have decided that implanting themselves with special computer chips is worth it. A couple had themselves implanted with a chip in their hand. With this chip implanted, they can walk up to their door, their car or any other device that needs a password and the chip broadcasts it to the device. For example their house door unlocks for them as does their car door. The chips themselves cost only about $2.00, yes you heard me right. They are what is known as RFID chips. RFID chips are Radio Frequency Identification Chips. These chips have been in use for awhile and are used to identify livestock. There is a down side to this however. If someone gets close enough to read your signal, they will know all your codes and don't expect you expensive car and home possessions to last very long.

RIFD chipsA reader for this chip can be bought from Phidgets Inc in Canada for only $65.00. Computer chips are also being used to repair damage caused by stroke or spinal cord injury. When they are implanted, they create new connections to the brain and the damaged muscles, allowing the patient to be fully functional again. No one can object to this use of chips. But it is the next use of chips that has some people really worried.

It is said that schools will become a thing of the past. How can this be? The answer is quite simple. If a computer chip could be inserted into your brain that contained all the knowledge that you would ever need, what advantage would going to school have? This is what scientists are trying to develop now and it has many people in this world upset. Why would they be upset you wonder? Here is the crux of the matter. It is felt that not everyone can be doctors, lawyers, scientists and engineers, so who will get what chip. Will the rich and influential get the good chips while the rest of us get the chips that have info on how to make burgers? I think you see the problem now. This could be the end of being able to make a conscious decision on what you want to be. Some say that the system will be fair, to those scientists I say that I remember a famous state politician who needed a heart transplant. There was a list in his state of hundreds of people ahead of him. They put him in the number one position on the list and he received the next heart. Some may have lost their lives because of this. Was it fair? This is what we can expect if these "intelligence chips" become a reality.

Brain implants have already been conducted that enable people to control computers with their brains alone. Some paralyzed people have had these transplants and are now capable of computer control. One famous doctor from Atlanta stated that "If you can run a computer you can talk to the world." There is certainly no truer statement. One of his patients is paralyzed from a stroke and needs a ventilator and is not capable of speech. He was implanted and can now use his computer to talk for him. He doesn't have access to the complete English language, but can command the computer to point and activate different icons that contain phrases, still this is much better than nothing. He can also send email, turn lights on and off and interact in a limited way with his environment.

Scientists, in 2004, announced the creation of a device that can connect to individual neurons. It is called a brain gate device. Who knows where this device will lead? It will certainly be a great help in installing certain types of computer chips in the human brain, because it allows for precise wiring. It is beginning to look like we won't recognize a human in a couple of hundred years from now. Anyone that has watched Star Trek The Next Generation is familiar with the Borg. They were a race of enhanced humans. We will all become Borgs in the future. It is certainly beginning to look like that. Oh yeah, the Borg were all under the power of a collective brain.

By Kenneth J. McCormick The Webmaster, http://aboutfacts.net Copyright © 2007 by About Facts Net and its licensors. All rights reserved. Permission is granted to reproduce this article if no changes are made and all links, if any, remain intact.

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Saturday, August 27, 2011

How to reach Ralegan Siddhi

Ralegan Siddhi, a classic model of environmental conservation is a village in Parner taluka of Ahmednagar District, Maharashtra state in western India. It is located at a distance of 87 km from Pune, India.

Nearest airport and major railway station is Pune.

Social activist Anna Hazare, the village has carried out programs like tree planting, terracing to reduce soil erosion and digging canals to retain rainwater. For energy, the village uses solar power,biogas (some generated from the communal toilet) and a windmill.

 

ralegan siddhi

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Thursday, August 25, 2011

Poverty in America: Over 35 Million Living Below the Poverty Line

by Ofer Shoshani,

Copyright 2005 Ofer Shoshani, has been working for the last 5 years as a professional journalist, writing from Spain, Colombia, Venezuela, Peru, Ecuador, USA, Israel, India & Thailand. More of his work can be found at http://www.betotal.com (international child sponsorship programs), http://www.nzpassport.com (Immigration, Relocation and Investment in New Zealand) and http://www.bespanish.com (Immigration, Relocation and Investment in Spain).

american poverty The problem of poverty in America comes as a surprise. How can a wealthy nation experience poverty? Though the rate of poverty is lower in a developed nation like America than in Africa, the problem of poverty is real. Inner-cities and rural communities in America are all affected by poverty.

In 2004 the American government defined poverty as a family of four living with an income below $18,810. However, consider the costs in America of housing, utilities, transportation, food, health care, and child care. Even this income seems too small.

The effects of poverty in America are many. Poor nutrition leads to poor health. Poor health makes study and work difficult. Poor education and an inability to work effects income. These problems must be considered alongside other issues: the problem of racism, discrimination against communities, and unequal access to education.

With over thirty-five million living below the poverty line in America, poverty looms as one of the nation's biggest problems. It requires huge effort and imagination to begin solving the problem. At its heart, solving the problem of poverty is about the creative cultivation of the talents and dreams of all Americans.

Access to education must be equal for all. Those prospering must bear the burdens of those in need. Everyone must be helped to avoid despair and to hope for change. Everyone must recognize the offensiveness of poverty in a nation like America.

Some organizations have already begun work against poverty in America. The Catholic Campaign for Human Development seeks to transform America into a more caring nation where poverty is an offense against all. The Clemente Course is an education programme for the underprivileged in America -- it offers a humanities education to those unable to attend University on their own.

These organizations can help you begin to explore the problem of poverty in America and to contribute to a solution.

More Articles on Poverty, globalization and Justice Articles can be found here: http://betotal.com/artman/publish/cat_index_58.shtml



Source: http://www.PopularArticles.com/article30299.html

Using More Trees to Reduce Atmospheric Carbondioxide

by Thomas Clouser, Tom Clouser is a 38 year old farmer in Pennsylvania. In addition to farming, he and his father publish a monthly 16-page newspaper called "Trees 'n' Turf," which targets subjects of interest to those in land use industries and activities. View their website at http://www.clouserfarm.net

trees As global warming continues to escalate the concerns of today’s scientists, the federal government has been spending millions in research in an attempt to reduce greenhouse emissions, the substance that has been credited with the increase in planet temperature since the beginning of the 20th century.

Greenhouse gases---largely composed of carbon dioxide--- is a product of burning fossil fuels such as oil and coal. Automobiles, home heating systems, and factories are just 3 examples of large contributors to the greenhouse gas problem on our planet. The United States is the world’s largest emitter of greenhouse gases, according to a story published in the Reuters News Service.

The Bush administration has vowed to spend up to $90 million on programs designed to reduce greenhouse gases and power plant carbon emissions, in an effort to reverse the global warming trend.

A 40 page report produced by the Pew Center on Global Climate Change cited that reducing greenhouse gases by removing them from the air would be as cost effective as developing new energy technologies. It does not consider, however, the long-term effects of dwindling fossil fuel reserve.

Through a process called carbon sequestering, the study attempts to address the possibilities of using vast expanses of forest land to absorb and store carbon dioxide, eventually returning it to the ground in the form of harmless carbon at the end of the tree’s life cycle.

According to the Pew report, here is the size of the problem: the US Energy Department reports that the United States alone produces an approximate 5.8 billion tons of carbon dioxide annually. Removing just one-fifth of this annual emission would require nearly 148 million acres, or an area the size of Texas, and cost more than $7 billion each year to implement, according to the Pew report.

It is unclear from the source article as to whether this is in addition to the trees presently in the U.S., but seems to imply that it is.

The report listed several factors that could affect the success of carbon sequestration projects. Pressure from alternative uses of the land and development of technology that could measure the amount of carbon removed were two examples.

And finally, the Pew report stated that it was vital for the US government to persuade the private sector to become involved in the carbon sequestering technology in order to achieve success, due in large part to the funding and resources that would be needed. Some incentives included special payments and tax credits to participating entities.

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Source: http://www.PopularArticles.com/article33815.html

The Benefits of Becoming a Volunteer Abroad in Ghana

by Tatta Matt

Spending your vacation as a volunteer abroad in Ghana is a great way to take something positive from your holiday. Whether you have a gap year to come, are considering a vacation with a difference, or are simply traveling the world and want to do something worthwhile and a volunteer in Ghana is always made welcome.

GHANA MAP There are several ways in which you may help Ghanaians as a volunteer, and many look upon this form of help as a way of learning about the culture of a country while doing something useful. It is a vacation with a difference, and a volunteer in Ghana can get just as much from it as they give. Here are some forms of work that a volunteer abroad in Ghana is likely to carry out:

1. Teaching English

A large proportion of Ghanaians are illiterate. Not because they are unable to learn but because they have no schools and no teachers. If you are a teacher or if you are considering teaching as a career, why not spend your vacation or gap year as a volunteer abroad in Ghana, teaching English or working with English teachers?

You do not need any qualifications, just a good knowledge of English. The children here are desperate to learn, and it is a very rewarding and satisfying way of spending your free time in Ghana. In return you will learn many different skills: social, planning and leadership skills and a great deal about the cultural side of the country.

You will also get a great deal of satisfaction helping these children who want to learn, and will return home with more confidence in yourself and a very valuable addition to your CV. Those that have worked as a volunteer abroad in Ghana have found the experience to be unforgettable and priceless in their personal development.

2. Orphanage Work

No volunteer in Ghana could have a more fulfilling job that working in an orphanage. You will mainly be involved in offer the children love, care and attention, and the orphanage children love the visits made by the volunteers.

In addition to caring for them you can teach the children English, and can become involved in sports, dancing and art. You will get just as much out of it as the children will. Ghana has many street children who have left their villages and townships for the lure of the big cities such as Accra, but when they get there they learn a harsh lesson about the realities of life. Volunteers in Ghana can help them to develop properly and achieve their full potential.

You may also be involved in preparing their meals and working with the regular staff in offering counseling to the more traumatized among them. No volunteer in Ghana ever goes home without a sense of humility, but also of satisfaction, after working for and with these children.

3. Environment and Nature Volunteer Work

The depletion of natural resources in Ghana is costing the country a great deal of money annually. This includes deforestation and loss of wildlife resources and fishing grounds. Not only that but rainfall is rapidly reducing leading not only to severe water shortages but also to loss of habitat and wildlife.

By working on projects designed to reduce the effects of these factors that are having a considerable effect on Ghana's GDP, you will be contributing to the future of the entire nation and all of its inhabitants - not just human. This does not just involve tree planting, but students can spend their research time volunteering in Ghana carrying out their research for their thesis or helping out with the official research currently underway.

4. Teaching Sports

The Ghanaian soccer team reached the quarter finals of the World Cup in South Africa, the Black Stars doing better than England, Italy or France, showing that given the right training the people of this country are capable and dedicated to working for their own success.

By teaching sports of many different kinds, and helping coach and train athletes and players in sports of all disciplines, you will be offering hope to youngsters that would otherwise be without it. The joy on the faces of ordinary people in streets of Accra when Ghana beat the USA should be enough to persuade you that teaching and coaching in sporting activities is a very worthwhile project for a volunteer in Ghana.

You will gain a sense of achievement, but more that: you will understand the meaning of humility and the pride and respect that Ghanaians have for their country. You will learn of a great people and a great nation, and they will respect and trust you in turn. Your efforts will go unrewarded financially, but not in terms of thanks, trust and respect and you will make friendships that will last a lifetime.

By becoming a volunteer Ghana will thank you, and any volunteer abroad in Ghana knows that everything you do will be sustainable. You will therefore know that you are leaving behind a lasting legacy of your work. How many can say that after their vacation?


By becoming a volunteer abroad in Ghana, you will help a country that badly needs your help and will welcome and respect you for it. The country desperately needs volunteers in Ghana to help educate their children and build clinics, schools and other projects that will last so they can then help themselves.

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Source: http://www.PopularArticles.com/article218111.html

WikiLeaks Internet Leaks: Damage or Democracy?

The recent documents released by the internet organization WikiLeaks have created much debate. Proponents argue that in a free, democratic society, we should all have the right to know what our government is doing. Opponents say that every government must be able to conduct some business in private. The real issue at hand is "how do these leaks hurt America?"

wikileaks

Foreign Relations

Diplomacy depends upon communication between different world powers. The United States remains one of the premier superpowers on the world stage, and its financial stability depends upon that status. Many of the so-called secrets revealed by the 250,000 documents are scarcely that. In fact, a majority of the memos disclose nothing that wasn't already known.
For example a memo stating that British Foreign Minister David Miliband was supporting the Tamil diaspora for votes was anything but news. The Sri Lankan media has been broadcasting that story quite loudly enough.
The problem isn't so much that suspected positions have been confirmed, but rather that someone has made public what should have been kept private: the personal communications between government officials. Clearly better security protocols are in order

There is an undeniable effect that has been noted in foreign relations between the U.S. and other nations. Since so much of international cooperation depends upon a certain level of discretion, revealing secret communications has led to a cooling of several essential relationships.

The Long Term Effect


In the long term the release of communications, memos and other documents by WikiLeaks will no doubt lead to more discretion on the part of American officials in positions of authority. What once might have been sent by email will now have to be handled by secure phone lines or other venues. It won't do anyone any harm to be more careful with what they say or write; however, there is always a price to pay for the loss of free communications.
America will certainly weather this storm, as it has many others. While the general perception is that governments should conduct all business in a completely moral and open fashion, it is also understood that such an ideal isn't realistic; diplomacy requires a certain level of chicanery. America is simply too large a player at this point for the damage to be more than temporary.

Author: Michael Rupkalvis works with the LedBulbsandLights website. The site features a number of different types of environmentally-friendly LED lamps, including PAR 20 LED spotlights and other LED lights.

This article is free for republishing
Source: http://www.articlealley.com/wikileaks-internet-leaks-damage-or-democracy-2022018.html

THREE NEW CONDITIONS BY TEAM ANNA TO END FASTING BY ANNA HAZARE

In an exciting intelligent strategy, Team Anna provided Indian Government, three options that may pave way to end Anna Hazare’s fasting.

anna hazare fasting

First Option:

To start discussions immediately in parliament on appointing Lokayukta for states

Second Option:

To start discussions immediately in parliament on bringing Lower bureaucracy under Lokpal bill

Third Option:

To start discussions immediately in parliament on adopting citizens charter

Team Anna wants a writing from Government of India regarding these points.

Strategy Behind new three points

Government is in dilemma on how to end the fasting by Anna hazare. The three new points raised by Team Anna made things more difficult for Government and all other parties. If Government decide to start discussions about the above given points in Parliament, then probably not even one member will raise a voice against these points inside Parliament. As a result of this, in case of any voting, Government had to allow conscious voting for members, when all the three versions of bill comes for voting. If political parties provide Whip to their elected members, then their sincerity towards fighting corruption will be questioned in case Jan Lokpal Bill fails to pass.

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STAY AWAY FROM STOCK MARKETS AND SAVE YOUR WEALTH

The stock market can be considered as the most important source for companies to raise money from public. Businesses to be publicly traded, or raise additional financial capital for expansion by selling shares of ownership of the company in a public market. Companies provide their shares that can be traded in stock markets. The beginning of stock market is from 12th century France the courratiers de change were concerned with managing and regulating the debts of agricultural communities on behalf of the banks. Because these men also traded with debts, they could be called the first brokers. Now stock markets are available in developing economies, with the world's biggest market being in the United States, United Kingdom, Japan, India, China, Canada, Germany's (Frankfurt Stock Exchange), France, South Korea and the Netherlands.

What it makes you to invest in Share Market

A share owner or a share holder is having equal rights in the company same as that of the owner. The priority to take decision  goes to the number or percentage of shares of the company owned by an individual. The profit of the company is shared to the individual based upon the director board decision.

In the Annual General Body meeting, an individual who owns a stock or share of a company , even a single one, can attend and raise his opinion.

Things all go fine till here. A citizen who will take a Dematerialized account in any of the stock exchange approved brokers and start invest his money in leading stocks.

I recently read a well explained story by an individual. Please read it in her own words. This individual is now campaigning against Stock Market Trading. Investing in shares of a company is a good investment. But allowing big players to play in Exchanges is not appreciable. Let people invest for a long term, or for a specific period. All instruments like short selling, off shore selling must be totally banned. Let the real investors rule the stock market.

stock market crash

READ THE OPINION OF AN INVESTOR

I started trading at the age of 21 and until now I have gone through different up and down in markets.

My college was very near to my first stockbroker. This initiated spending some time with them(later whole time).At first when I was a beginner, I remember that there was nobody to guide me other than my Broker. The trading terminal boys ( I call them Devilzzz) usually guide(( misguide??)) to trade like this n that.

At first I lost 25000/- with in a span of 3 months. Canara Bank was my first try. I gave check of INR 25000/- in the month of March 1987 and at the end of June 1987 I got a call from my broker that I need to give another cheque to hold the items I purchase the day before.

I was shocked, where my 25000/- went?? I suspected  my broker ( believe me--I was wrong). I audited all statements and found that Shares of Canara Bank ate my money.

I found an interesting matter. I followed certain rules that went against me. The devilzzz used to bring some Technical Analysis, Intraday Trading tips etc and force us to follow that. In most days I found STOPLOSS is the Villain.

I saw that 90% of my trades booked loss in its STOPLOSS price.

So what i do now??

whom shall i beleive??
Why we need to keep STOPLOSS?

What we will do when the STOPLOSS making more loss?

A number of questions came to my mind.

From where i will get my money back?

I discussed about these situation with the stock broker again. He suggested some small training camps, discussions with elders etc. I started going through different techniques to analyse the markets.

My playground was Cash Market, until I realize what is Call option and Put option, Option trading and Derivatives.This made me greedy( I know you will say that Im not greed, just trying to get my lost money back) and I decided to leave Cash market and try my intelligence in fetching money in Futures and Options.

My Stock broker was happy and he told me to raise more capital and come back to trade.

Being a college student, how I will raise the money 60000 INR at least.

Here all readers should congratulate me:

I got money from my girlfriend ( later she became my wife)

I started trading, at first it was quite nice as some Call options immediately found some money.

But things went wrong when a severe scam hit throughout the market. I took two positions in one side.

Both land in Zero at the date of expiry..

My total Loss crept to 37000/- till

My broker and trading Devilz console me and show me the Portfolio of some other Traders who lost even more than me. ( actually they were stating that U ARE NOT THE FIRST FOOL TO INVEST IN MARKETS)

I gave a Gap of four months--and I completed my Graduation, got a small job in these period.

I came back to trading . I usually contact them over phone to know how much i earned on that day. I got a lottery in one scrip: I don't like to say the name: And i got all my lost money with some excess,

Vow...this encouraged me and I didn't take my money back from the Account. My image in Trading hub and in the Stock broker was growing better to best. They introduced me to many newcomers and I became a SUPERSTAR at there within few months.

Things were going good until I take a decision to invest more money according to advice from an INVESTMENT GURU.

I took a Bank loan of just Six Lakh and decided to invest in Stock Market.

I divide the amount and deposited in CASH MARKET, DERIVATIVES AND MUTUAL FUNDS.

I saw money growing, growing, growing and I was happy in those days.

RECESSION STORM and ECONOMIC TSUNAMI.....new villain, I didn't book my profits and I was simply keeping some STOPLOSS while trading. Vertical falls and Bounce backs literally killed my money in TRADING.

I pledge my equity in order to hold my position. All went wrong and my portfolio dried up.

I purchase some shares of low cost..all went southwards.

DONT BLAME ME:

i always hear TV channels...

i always read newspapers...

i always look how Hangseng moving...

i always look how Europe is opening...

i always look how DOW future behaves..

i always analyze how DOW &NASDAQ landed the day before..

i always put stop loss

i always study chart

i look in different websites

BUT ALL WENT WRONG

i still remember an analyst saying Reliance Industries is a Good Pick at the price of 2700.

i still remember an analyst saying ABAN is an excellent pick for long term when it was above 2000.

i still remember in a TV show, explaining the growth of ISPAT INDUSTRIES when the stock was included in F&O

WHERE AM I NOW?

while writing this, I lost my eight lakh investment and my profit of twenty lakh in total.

I know you are smiling by hearing the small amounts. But remember, I am the representative of common traders in India, who come ,sit and watch to the monitor of trading hub from 9.55 Am to 3.30 Pm. They usually leave the STOCK BROKER with a great sigh.

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Sunday, August 21, 2011

Emergence of Anna Hazare – A Failure of Indian Democracy

As far as Indian Democracy is concerned, the space for civil society to draft a bill or become a part of framing a new rule is quite limited. Parliament or elected members are responsible for this job. Then, how Anna Hazare emerged as a civil society member and earned such a mass popularity. In this context, I would like to explain the weakness behind the so called greatest democracy that is being followed by India.

FAILURE OF INDIAN DEMOCRACY

Representatives  elected with Fake Majority

When we discuss about Indian democracy, the elected representatives are holding the soul of representing the majority. Whether a representative is a member of Parliament, or Member of State legislative assemblies, all of them are elected after periodical election in their own constituencies. They may represent different parties, coalition, or independent in nature. Lets check the case of Constituency XXX, which is having a total population of 50000 people with voting rights. During the election five candidates A, B, C, D, and E gave nomination, and “A” declared as winner after the whole process .

Candidate A received 15000 votes, Candidate B received 12000 votes, Candidate C received 10000 votes, Candidate D received 7000 votes, Candidate E received 5000 and 1000 votes became black votes. At the end of the whole process, Candidate A declared as winner and he will become an active part in framing legislations.

Do you think, this is the real majority while representing people. Absolutely not. Winner, Candidate A  actually gained votes from thirty percent (30%) of the total population. Technically, this means that 70% of the population is not accepting his candidature. How can we consider this as a majority, in which 70% of the population is not voting in favor of Candidate A.

In a much broader sense, comparing the earned votes statistics, we can declare Candidate A as a winner. But is it appropriate to give the power for such a candidate to rule the country. Is it justifiable, when some member whose majority of his constituency are against his ideologies, allowed to frame a law, simply saying that he is representing the majority.

Stalemate in democracy

Recently, majority of people are willing to get the benefit of a strong Lokpal Bill, or any sort of  anti corruption bill. According to NAS, statistics, 82% of the urban population are direct victims of corruption. A Government doctor who is asking for bribe money from patients, himself pays money to an Income Tax officer, as a part of corruption, Corruption is that much deeply rooted in Indian society.

When Government tried to bring an Anti Corruption bill, certain suggestions came out which later turned to Jan Lokpal bill. The kind of peaceful protest conducted by Anna Hazare received whole hearted support from people because- now, people feel that they have elected wrong candidates. “Wrong candidates since Independence”.

People realize that there is no option to punish those who are real culprits. One Congress government will come to power and rule with 10 tainted ministers. After five years, another government will come to power, with yet another set of tainted ministers. A middle class citizen understood this special effect same like “Newton's first law” – Corruption can neither be created nor be destroyed but it can always be converted from one form to another.

Every action has an equal and opposite reaction

What I will do If all the candidates in constituency are not acceptable by me. Where is the option for me if I want to convey a message to Indian democracy about the inefficiency of the candidates taking part in the election process in my constituency. In present situation, I have only three options as a solution.

  1. To vote for any one of those ineligible candidates
  2. To do bad vote
  3. Not to go for voting process

One solution to strengthen the democracy is implementing  “Negative Voting” as a fourth option during the election process.

If a contesting candidate receive certain number of “Negative Votes”, then he must be banned from legislative process or must be declared as unfit for election process in next  term.

If a candidate wins over the others, but still carries sacks of “Negative Votes”, then re election can be recommended.

Over a period of time, the impose of “negative votes” will generate crystal clear politicians. With all due optimism, I hope that there is no need to explain how this phenomenon will take place.

 

Friday, August 19, 2011

Anna Hazare Biography

Kisan Baburao Hazare pronunciation (Marathi: किसन बाबुराव हजारे, Kisan Bāburāv Hajārē ) (born 15 June 1937), popularly known as Anna Hazare  is an Indian social activist who is recognised for his participation in the 2011 Indian anti-corruption movement.

anna hazare Kisan Hazare was born on 15 June 1937 in Bhingar, a small village near the city of Hinganghat, in Bombay Province (present-day Maharashtra). Kisan's father, Baburao Hazare, worked as an unskilled labourer in Ayurveda Ashram Pharmacy. Kisan's grandfather was working for the army in Bhingar, when he was born. The grandfather died in 1945, but Baburao continued to stay at Bhingar.

In 1952, Baburao resigned from his job and returned to his own village, Ralegan Siddhi. Kisan had six younger siblings and the family faced significant hardships. Kisan's childless aunt offered to look after him and his education, and took him to Mumbai.

Kisan studied up to the seventh standard in Mumbai and then sought employment, due to the economic situation in his household. He started selling flowers at Dadar to support his family. He soon started his own shop and brought two of his brothers to Bombay.

Hazare also contributed to the development and structuring of Ralegan Siddhi, a village in Parner taluka of Ahmednagar district, Maharashtra, India. He was awarded the Padma Bhushan, the third-highest civilian award—by the Government of India in 1992 for his efforts in establishing this village as a model for others.anna hazare recognitions

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Major Source: Wikipedia/annahazare.org

Watershed development programme by Anna Hazare

In the years 1972-73 there was wide spread severe draught in whole of Maharashtra. In order to provide employment to the rural population in this situation Government of Maharashtra decided to undertake soil conservation work in rural areas which required lot of labour. Agriculture and Irrigation Departments of the Government were appointed as nodal agencies to execute the programme and they undertook the work of construction of percolation tanks, nalla bunding and contour bunding in Ralegan Siddhi. While the work was executed in Ralegan Siddhi due to apathy of the Government agencies the percolation tank constructed at Ralegan was not constructed taking due care and was leaking and thus its purpose was defeated.

watershed development programme

After his retirement from Army in l975 he returned to Ralegan Siddhi and was very much disturbed due to condition prevailing there and started discussing with the villagers their problems. He observed that the water problem -both for drinking and irrigation - was acute and felt that something should be done to overcome this problem. At that time he came to know of one Mr. Vilasrao Salunkhe who was doing soil and water conservation work at Saswad. He visited the work place of Mr. Salunkhe and felt that if similar activity is undertaken at Ralegan Siddhi, the water scarcity problem at Ralegan could be solved. He, therefore, organised villagers meeting (Gram Sabha) to explain to them the work of Mr. Salunkhe and its adoption in Ralegan Siddhi.

All the villagers were impressed by this idea and decided to start similar programme in Ralegan Siddhi. Initially they decided to repair the existing percolation tank which was heavily leaking. The cause of seepage of water was ascertained and work of providing core wall by digging puddle trench up to the level of hard rock was undertaken on upper side of the bund through voluntary labor of villagers.

Satisfactory Completion of the work resulted in retention of water in the tank resulting in recharging of ground water aquifers .This enthused the villagers and they decided to implement the concept of water shed development, ie. ridge to valley approach for soil and water conservation which was hitherto not followed by the Department of Agriculture. Implementation of watershed programme involved lot of expenditure and Mr. Hazare approached the then Director of Soil Conservation and requested his help. He had assured the Director that he and his collegues from village will actively participate in implementation of watershed development programme and will provide labor voluntarily.

The ridge to valley programme involved structures like gully plugging,loose boulder structure, gabian structure, nalla bunding, cement check dams etc. The cost involved in constructing cement check dams was prohibitive and hence Shri Hazare developed modified gabian structure with a core wall which reduced the cost considerably and was as effective as cement check dam. This novel approach is being followed elsewhere also. Similarly on the ridge line where the CCT was not possible, shallow soak pits were dug in order to collect rain water so that through seepage the water would be available to surrounding plantation. This resulted in increase in plant survival and their vigorous growth. This was also a novelty of Ralegan Siddhi programme.

Due to availability of water for irrigation through wells and realizing the importance of water the villagers decided to form cooperative societies well-wise. This resulted in bringing more land under cultivation and developments like double cropping, change of farming system, horticulture plantations, vegetable cultivation, dairy farming etc. could take place. It will not be out of place if it is mentioned that from Ralegan Siddhi for some period onions and vegetables were exported to Gulf countries. All this resulted in substantial increase in per capita income of the farmers. and the villagers through their cooperative efforts created facilities like school, hostel., gymnasiums, credit societies renovation of temple etc. in the village.

The residents of Ralegan Siddhi are still enjoying the benefits of watershed programme though more than 30 years have passed since completion of programme.

Wednesday, August 10, 2011

Transformation of Ralegan Siddhi Village by Anna Hazare

In 1978 after a voluntary retirement from the Indian army, Anna Hazare went to his native village Ralegan Siddhi, a village located in the acute drought-prone and rain-shadow zone of Parner Tehsil of Ahmadnagar district, in central Maharashtra. It was one of the many villages of India plagued by acute poverty, deprivation, a fragile ecosystem, neglect and hopelessness.

Hazare made remarkable economic, social and community regeneration in Ralegan Siddhi. He reinforced the normative principles of human development – equity, efficiency, sustainability and people's participation and made Ralegan Siddhi an oasis of human-made regeneration in a human-made desert without any inputs of industrialisation and technology-oriented agriculture.

Ralegan Siddhi Village

Prohibition on alcohol

Anna Hazare recognised that without addressing the menace of alcoholism, no effective and sustainable reform was possible in the village. He organised the youth of the village into an organisation named the Tarun Mandal (Youth Association). Hazare and the youth group decided to take up the issue of alcoholism. At a meeting conducted in the temple, the villagers resolved to close down liquor dens and ban alcohol in the village. Since these resolutions were made in the temple, they became in a sense religious commitments. Over thirty liquor brewing units were closed by their owners voluntarily. Those who did not succumb to social pressure were forced to close down their businesses when the youth group smashed up their liquor dens. The owners could not complain as their businesses were illegal.

When some villagers were found to be drunk they were tied to poles/pillars of the temple and flogged, sometimes personally by Hazare. He justified this harsh punishment by stating in an interview to Reader's Digest in 1986 that “rural India was a harsh society”.

Hazare said, “Doesn’t a mother administer bitter medicines to a sick child when she knows that the medicine can cure her child? The child may not like the medicine, but the mother does it only because she cares for the child. The alcoholics were punished so that their families would not be destroyed.

Hazare appealed to the government of Maharashtra to bring in a law whereby prohibition would come into force in a village if 25% of the women in the village demanded it. In July 2009 the state government issued a government resolution amending the Bombay Prohibition Act, 1949. As per the amendments, if at least 25% of women voters demand liquor prohibition through a written application to the state excise department, voting should be conducted through a secret ballot. If 50% of the voters vote against the sale of liquor, prohibition should be imposed in the village and the sale of liquor should be stopped. Similar action can be taken at the ward level in municipal areas. Another circular was issued making it mandatory to get the sanction of the Gram sabha (the local self government) for issuing new permits for the sale of liquor. In some instances, when women agitated against the sale of liquor, cases were filed against them. Hazare took up the issue again. In August 2009 the government issued another circular that sought withdrawal of cases against women who sought prohibition of liquor in their villages.

It was decided to ban the sale of tobacco, cigarettes, and beedies (an unfiltered cigarette where the tobacco is rolled in tendu also known as Diospyros melanoxylon leaves instead of paper) in the village. In order to implement this resolution, the youth group performed a unique "Holi" ceremony twenty two years ago. The festival of Holi is celebrated as a symbolic burning of evil. The youth group brought all the tobacco, cigarettes, and beedies from the shops in the village and burnt them in a ‘Holi’ fire. Tobacco, cigarettes, or beedies are no longer sold.

Grain Bank

In 1980, the Grain Bank was started by him at the temple, with the objective of providing food security to needful farmers during times of drought or crop failure. Rich farmers, or those with surplus grain production, could donate a quintal to the bank. In times of need, farmers could borrow the grain, but they had to return the same amount of grain they borrowed, plus an additional quintal as an interest. This ensured that nobody in the village ever went hungry or had to borrow money to buy grain. This also prevented distress sales of grain at lower prices at harvest time.

Watershed development programme

“ It is not the water in the fields that brings true development, rather, it is water in the eyes, or compassion for fellow beings, that brings about real development ” — Anna Hazare

Ralegan is located in the foothills, so Hazare persuaded villagers to construct a watershed embankment to stop water and allow it to percolate and increase the ground water level and improve irrigation in the area. Residents of the village used shramdan (voluntary labour) to build canals, small-scale check-dams, and percolation tanks in the nearby hills for watershed development. These efforts solved the problem of water scarcity in the village and made irrigation possible. The first embankment that was built using volunteer efforts developed a leak and had to be reconstructed, this time with government funding.

In order to conserve soil and water by checking runoff, contour trenches and gully plugs were constructed along the hill slopes. Grass, shrubs and about 3 Lakh ( 300,000 ) trees were planted along the hillside and the village. This process was supplemented by afforestation, nullah bunds, underground check dams, and cemented bandharas (small diversion weirs) at strategic locations. Ralegan has also experimented with drip and bi-valve irrigation. Papaya, lemon, and chillies have been planted on a plot of 80 acres (32 ha) entirely irrigated by the drip irrigation system. Cultivation of water-intensive crops like sugar cane was banned. Crops such as pulses, oil-seeds, and certain cash crops with low water requirements were grown. The farmers started growing high-yield varieties of crop and the cropping pattern of the village was changed. Hazare has helped farmers of more than 70 villages in drought-prone regions in the state of Maharashtra since 1975.[29] When Hazare came in Ralegan Siddhi in 1975 only 70 acres (28 ha) of land was irrigated, Hazare converted it into about 2,500 acres (1,000 ha).

The Government of India plans to start a training centre in Ralegan Siddhi to understand and implement Hazare's watershed development model in other villages in the country.

Milk production

As a secondary occupation, milk production was promoted in Ralegan Siddhi. Purchase of new cattle and improvement of the existing breed with the help of artificial insemination and timely guidance and assistance by a veterinarian resulted in an improvement in the cattle stock. Milk production has increased. Crossbreed cows are replacing local ones which gave a lower milk yield. The number of milk cattle has also been growing, which resulted in growth from 100 litres (before 1975) to around 2,500 litres per day. The milk is sent to a co-operative dairy (Malganga Dairy) in Ahmednagar. Some milk is given to Balwadi (kindergarten) children and neighbouring villages under the child nutrition program sponsored by the Zilla Parishad.

From the surplus funds generated, the milk society bought a mini-truck and a thresher. The mini-truck is used to transport milk to Ahmednagar and to take vegetables and other produce directly to the market, thus eliminating intermediate agents. The thresher is rented out to farmers during the harvesting season.

Education

In 1932, Ralegan Siddhi got its first formal school, a single classroom primary school. In 1962, the villagers added more classrooms through community volunteer efforts. By 1971, out of an estimated population of 1,209, only 30.43% were literate (72 women and 290 men). Boys moved to the nearby towns of Shirur and Parner to pursue higher education, but due to socioeconomic conditions, girls could not do the same and were limited to primary education. Hazare, along with the youth of Ralegan Siddhi, worked to increase literacy rates and education levels. In 1976 they started a pre-school and a high school in 1979. The villagers formed a charitable trust, the Sant Yadavbaba Shikshan Prasarak Mandal, which was registered in 1979.

The trust obtained a government grant of 400,000 (US$8,920) for the school building using the National Rural Education Programme. This money funded a new school building that was built over the next two months using volunteer labour. A new hostel was constructed to house 200 students from poorer sections of society. After the opening of the school, a girl from Ralegan Siddhi became the first female in the village to complete her Secondary School Certificate in 1982.[33] Since then the school has been instrumental in bringing in many of changes to the village. Traditional farming practices are taught in this school in addition to the government curriculum.

Removal of untouchability

The social barriers and discrimination that existed due to the caste system in India have been largely eliminated by Ralegan Siddhi villagers. It was Anna Hazares moral leadership that motivated and inspired the people of Ralegan Siddhi to shun untouchability and discrimination against the Dalits. People of all castes come together to celebrate social events. Marriages of Dalits are held as part of community marriage program together with those of other castes. The Dalits have been integrated into the social and economic life of the village. The upper caste villagers have built houses for the lower caste Dalits by Shramdaan, Sanskrit for voluntary work without payment, and helped to repay their loans to free them from their indebtedness.

Collective marriages

Most rural poor get into a debt trap as they incur heavy expenses at the time of marriage of their daughter or son. It is an undesirable practice but has almost become a social obligation in India. Ralegan's people have started celebrating marriages collectively. Joint feasts are held, where the expenses are further reduced by the Tarun Mandal taking responsibility for cooking and serving the food. The vessels, the loudspeaker system, the mandap, and the decorations have also been bought by the Tarun Mandal members belonging to the oppressed castes. From 1976 to 1986, 424 marriages have been held under this system.

Gram Sabha

The Gandhian philosophy on rural development considers the Gram Sabha as an important democratic institution for collective decision making in the villages of India. Hazare campaigned between 1998 and 2006 for amending the Gram Sabha Act, so that the villagers have a say in the development works in their village. The state government initially refused, but eventually gave in due to public pressure. As per the amendments, it is mandatory to seek the sanction of the Gram Sabha (an assembly of all village adults, and not just the few elected representatives in the gram panchayat) for expenditures on development works in the village. In case of expenditure without the sanction of the Gram Sabha, 20% of Gram Sabha members can lodge a complaint to the chief executive officer of the zilla parishad (the district-level governing body) with their signatures. The chief executive officer is required to visit the village and conduct an inquiry within 30 days and submit a report to the divisional commissioner, who has the power to remove the sarpanch or deputy sarpanch and dismiss the gram sevak involved. Hazare was not satisfied as the amended Act did not include the right to recall a sarpanch. He insisted that this should be included and the state government relented.

“Anna is a shining example of creativity and service by an ex-Serviceman” — Field Marshal K.M. Cariappa (in 1991)

In Ralegan Siddhi, Gram Sabha meetings are held periodically to discuss issues relating to the welfare of the village. Projects like watershed development activities are undertaken only after they are discussed in the Gram Sabha. All decisions like Nashabandi (bans on alcohol), Kurhadbandi (bans on tree felling), Charai bandi (bans on grazing), and Shramdan were taken in the Gram Sabha. Decisions are taken in a simple majority consensus. The decision of the Gram Sabha is accepted as final.

In addition to the panchayat, there are several registered societies that take care of various projects and activities of the village. Each society presents an annual report and statement of accounts in the Gram Sabha. The Sant Yadavbaba Shikshan Prasarak Mandal monitors the educational activities. The Vividh Karyakari Society gives assistance and provides guidance to farmers regarding fertilizers, seeds, organic farming, and financial assistance. The Sri Sant Yadavbaba Doodh Utpadhak Sahakari Sanstha gives guidance regarding the dairy business. Seven co-operative irrigation societies provide water to the farmers from cooperative wells. The Mahila Sarvage Utkarsh Mandal attends to the welfare needs of women.

Major Source:  annahazare.org

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