Kashmir's youth have two paths - tourism or terrorism

Hi there ,

Prime Minister Narendra Modi today championed the newly-inaugurated Chenani-Nashri tunnel in Jammu and Kashmir as a symbol of development which will ensure the progress of the state in social and economic spheres.

"This is not merely a long tunnel. It is a giant leap in terms of development and progress for the people of Jammu and Kashmir," PM Modi said at a public meeting in Udhampur.

Calling the 9.2 km long all-weather tunnel as "world class" and matching global standards, PM Modi advocated the environment-friendly aspects of the Chenani-Nashri tube. He said every attempt to preserve the environment and the Himalayas was made while building the tunnel.

He also praised those involved in the tunnel's construction, particularly the Kashmiri youths who toiled in realising the multi-crore project.

"Youth of Jammu and Kashmir worked very hard in the making of the Chenani-Nashri tunnel. I congratulate them for this. The money for this tunnel came from the government of India. But there is also the scent of sweat of Jammu and Kashmir's youth in this tunnel," PM Modi said.

The Prime Minister then took a serious view of the reports of stone pelting by Kashmiri youths and told them that they had two paths open to them - one of tourism and the other of terrorism.

"On one hand, some misguided youngsters are pelting stones. On the other hand, hardworking Kashmiri youth are using the same stones for nation-building. The path of bloodshed has not helped any one and will never help anyone," PM Modi said.

He added that the tunnel will boost tourism in the state, which had come to a virtual standstill due to the recent increase in extremism in the Kashmir Valley.

"Another advantage of this tunnel is that tourists will benefit due to this. Every Indian wants to see Jammu and Kashmir. The beauty of this land can draw so many people. Tourism will also bring economic growth," he vouched.

The Prime Minister said that as history is witness, unrest in the state is detrimental to its development.

"During the last 40 years, many innocent people lost their lives. But who did this benefit? If there had been greater focus on developing tourism and infrastructure, then people from all over the world would have been streaming to the Kashmir valley," PM Modi said.

Earlier today, the Prime Minister inaugurated the Chenani-Nashri tunnel on the Jammu-Srinagar national highway in the presence of chief minister Mehbooba Mufti and governor N N Vohra.

Built over a period of five years and traversing the treacherous Himalayan terrain, the tube is being touted as the longest road tunnel in the country. It will reduce the journey time by two hours and provide a safe, all-weather route to commuters travelling from Jammu and Udhampur to Ramban, Banihal and Srinagar.

Must-Know Ubuntu Terminal Commands for a Smart User

This Terminal Commands are most frequently used on Ubuntu Linux distro

Gone are the days when people loved the ease provided by GUI. Geeks nowadays want a decent level of sophistication in whatever they are doing so that performing a task with a command in some keystrokes is considered better over doing the same with some clicks of mouse using GUI. We understand that majority of our readers are tech enthusiasts who love pressing keys in a rhythm.

So we prepared a list of commands which enable the user to do more in less effort( because the GUI approach for doing the same thing would require a lot of directory surfing and complexity).

The list follows:

1. APT

APT stands for Advanced Packing Tool. It is a utility provided in almost every popular Linux distribution nowadays. APT has vast range of commands for managing software packages. I’ll only discuss few of them here.

apt-get

This command is used to install a new software package from the source enumerated in /etc/apt/sources.list file. This command runs along with the sudo command.

sudo is a utility provided for users to carry out commands which require root privilege. Sudo stands for SUperuser DO.

Apt-get has been replaced by the simpler ‘apt’ in Ubuntu 16.04, although both work.

apt-files

This command is used to find the package to which a specific file belongs.

2. LS

ls command is used to list the files in the current directory. This utility is available in Unix and all Unix like operating systems.

When the command is invoked without any argument, it displays the files in current directory. The various arguments that can be used are listed:

• -a Lists all the files including files having “.” before their filename(These files are hidden and are not shown in the output of ls by default).
• -F appends a character to the filename which reveals the type of that file( e.g. * for executable / for directory), regular files have no such character.
• -l It displays the files in long format. Extra information like owner, group, size, last-modified date etc is displayed along with the filename.
• -t Displays files in order of time of last modification.
• -h Print size in human readable format.

3. GREP

grep command searches a file for lines containing the match with the string provided with the command.
It can be supplemented with these arguments:

• -w for word (grep -w ‘word1|word2‘ /path/to/file).
• -c for count (i.e., total number of times the pattern matched) (grep -c ‘word‘ /path/to/file).
• –color for coloured output (grep –color server /etc/passwd).

4. MAN

man utility provides an online manual for command it is used with. The manual lists A to Z information about that command. An example in which man command is used to get the manual for man command itself.

root@techworm:~# man man

MAN(1) Manual pager utils MAN(1)

NAME
man – an interface to the on-line reference manuals

SYNOPSIS
man [-C file] [-d] [-D] [–warnings[=warnings]] [-R encoding] [-L locale] [-m system[,…]] [-M path] [-S list] [-e extension] [-i|-I]
[–regex|–wildcard] [–names-only] [-a] [-u] [–no-subpages] [-P pager] [-r prompt] [-7] [-E encoding] [–no-hyphenation] [–no-justification] [-p
string] [-t] [-T[device]] [-H[browser]] [-X[dpi]] [-Z] [[section]page …] …
man -k [apropos options]regexp …
man -K [-w|-W] [-S list] [-i|-I] [–regex] [section]term …
man -f [whatis options]page …
man -l [-C file] [-d] [-D] [–warnings[=warnings]] [-R encoding] [-L locale] [-P pager] [-r prompt] [-7] [-E encoding] [-p string] [-t] [-T[device]]
[-H[browser]] [-X[dpi]] [-Z] file …
man -w|-W [-C file] [-d] [-D] page …
man -c [-C file] [-d] [-D] page …
man [-hV]

5. CAT

The cat command reads data from files and outputs its content in the terminal. Using cat is the simplest way to display file contents at the command line.

Optional arguments include:

• -s suppresses repeated empty output lines.
• -T displays tab characters as ^I.

The list is pretty long, but as always we included the top options only. What’s your favorite command? let us know in the comments.

Blind T20 World Cup: An India-Pakistan match unlike any other at Feroz Shah Kotla

For these men in blue, vision impairment could never act as a hurdle in their path towards fulfilling their dreams – their inspiring passion for the game of cricket and their desire to be a part of it. The Indian Blind Cricket team has been making the country proud for years now.

The team won the Blind World Cup in 2014 by beating Pakistan in the finals. In 2012, India won the first T20 world cup in Bengaluru, and is the only blind team in the world to have won all three championships – T20, ODI and Asian championship.

Q: Tell us about how you developed a love for cricket and how you started playing the game?

A: I used to enjoy cricket and had the desire to play as well. But it was not possible because of my vision. When I joined blind school, I came to know that cricket is played by the visually impaired too. Soon, I developed my skills with the desire to play at a higher level. After watching my performance, the sports teacher encouraged me to train and also coached me. I concentrated on my performance thereafter.

Q: How does the team come together and train? How often do you train?

A: Every player practices in his own state and they come together for a coaching camp at a particular venue only before an international match.

Q: Which match has been your most memorable one?

A: The ODI final at Cape Town in December 2014. India needed 141 runs in 11 overs against Pakistan in the finals. After the loss of five wickets, Prakash and I formed a partnership, ending the match in a win.

Q: Can you share some interesting anecdotes about any of your team members?

A: The vice-captain, Prakash Jayaramaiah sits on my shoulders in sheer joy when we get a wicket – so we do have a bit of fun in those terms.

Q: Are there are any special requirements for training or preparing for the matches?

A: We need a turf wicket and a ground covered with grass which is not always available. Training kits are also required.

Q: If a visually impaired person wants to pursue cricket, how should she/he go about doing so?

A: They should start from the grass root level, which is at school or district levels, and thereafter state and zonal levels. This is easier if they study in schools for the blind where they can showcase their talent to reach the higher league. There are associations in each and every state as well, which can be approached if they wish to play cricket.

Q: How do you think ordinary citizens can help the team, besides just supporting it in matches?

A: They can act as volunteers, help with providing cricketing gear, or through individual donations.

PS: Image source : The Better India

      info Source : Indian Express ,Google ,thebetterindia

CBSE to discontinue CBSE-i curriculum

Central Board of Secondary Education (CBSE) in its latest announcement has decided to discontinue CBSE-i (CBSE- International) curriculum from the academic year 2017-18.

The board started CBSE-I curriculum in the year 2010-11 as a pilot project to match educational needs of international students. Basically focusing on students of Indian origin settled abroad.

CBSE took this decision in lieu of operational difficulty faced by them, especially in availability of quality study material of global standards.

The decision will impact CBSE affiliated school and schools approved to offer CBSE-i curriculum located abroad as well as India.This will affect schools following CBSE-I curriculum in countries like United Arab Emirates, Singapore, Japan, Malaysia and some other gulf countries offering the curriculum.

With all this update, the question comes up is that what will happen to students currently studying CBSE-i curriculum? Well, following is the arrangement done by CBSE for them:

• Students studying in CBSE affiliated schools will be moved to CBSE main curriculum upon their promotion to next academic year.
• Students from school that are not affiliated from CBSE but approved for offering CBSE-I curriculum has liberty to seek regular CBSE affiliation for offering CBSE main curriculum.

Stay tuned for instant updates related to CBSE, IIT-JEE, AIPMT, NEET, NTSE, etc. This is me Adarsh saying BYE..

Amazing Facts about Indian Currency in Hindi – भारतीय रुपयें के बारे में रोचक तथ्य

रुपया, रुपया, रुपया! … सभी का यही हाल हैं। आप की कीमत तब तक है जब तक आप के पास ऐसा कुछ है जो पैसे से ख़रीदा ना जा सके। हम आपको रुपये की शुरूआत से लेकर बहुत से सवालों के जवाब देंगे। मैं आज आपके साथ Indian Currency Facts, Hindi में share कर रहा हूँ. मेरी कोशिश होगी की यह लेख Hindi में इस विषय पर लिखे गए सबसे अच्छे लेखों में से एक हो.

1. भारत में करंसी का इतिहास 2500 साल पुराना हैं। इसकी शुरूआत एक राजा द्वारा की गई थी।

2. अगर आपके पास आधे से ज्यादा (51 फीसदी) फटा हुआ नोट है तो भी आप बैंक में जाकर उसे बदल सकते हैं।

3. बात सन् 1917 की हैं, जब 1₹ रुपया 13$ डाॅलर के बराबर हुआ करता था। फिर 1947 में भारत आजाद हुआ, 1₹ = 1$ कर दिया गया. फिर धीरे-धीरे भारत पर कर्ज बढ़ने लगा तो इंदिरा गांधी ने कर्ज चुकाने के लिए रूपये की कीमत कम करने का फैसला लिया उसके बाद आज तक रूपये की कीमत घटती आ रही हैं।

4. अगर अंग्रेजों का बस चलता तो आज भारत की करंसी पाउंड होती. लेकिन रुपए की मजबूती के कारण ऐसा संभव नही हुआ।

5. इस समय भारत में 400 करोड़ रूपए के नकली नोट हैं। उम्मीद है कि अब ये खत्म हो जाएगे

6. सुरक्षा कारणों की वजह से आपको नोट के सीरियल नंबर में I, J, O, X, Y, Z अक्षर नही मिलेंगे।

7. हर भारतीय नोट पर किसी न किसी चीज की फोटो छपी होती हैं जैसे- 20 रुपए के नोट पर अंडमान आइलैंड की तस्वीर है। वहीं, 10 रुपए के नोट पर हाथी, गैंडा और शेर छपा हुआ है, जबकि 100 रुपए के नोट पर पहाड़ और बादल की तस्वीर है। इसके अलावा 500 रुपए के नोट पर आजादी के आंदोलन से जुड़ी 11 मूर्ति की तस्वीर छपी हैं।

8. भारतीय नोट पर उसकी कीमत 15 भाषाओं में लिखी जाती हैं।

9. 1₹ में 100 पैसे होगे, ये बात सन् 1957 में लागू की गई थी। पहले इसे 16 आने में बाँटा जाता था। (सन् 1936 में बना 8 आनें का सिक्का मेरे पास भी हैं.)

10. RBI, ने जनवरी 1938 में पहली बार 5₹ की पेपर करंसी छापी थी. जिस पर किंग जार्ज-6 का चित्र था। इसी साल 10,000₹ का नोट भी छापा गया था लेकिन 1978 में इसे पूरी तरह बंद कर दिया गया।

11. आजादी के बाद पाकिस्तान ने तब तक भारतीय मुद्रा का प्रयोग किया जब तक उन्होनें काम चलाने लायक नोट न छाप लिए।

12. भारतीय नोट किसी आम कागज के नही, बल्कि काॅटन के बने होते हैं। ये इतने मजबूत होते हैं कि आप नए नोट के दोनो सिरों को पकड़कर उसे फाड़ नही सकते।

13. एक समय ऐसा था, जब बांग्लादेश ब्लेड बनाने के लिए भारत से 5 रूपए के सिक्के मंगाया करता था. 5 रूपए के एक सिक्के से 6 ब्लेड बनते थे. 1 ब्लेड की कीमत 2 रूपए होती थी तो ब्लेड बनाने वाले को अच्छा फायदा होता था. इसे देखते हुए भारत सरकार ने सिक्का बनाने वाला मेटल ही बदल दिया।

14. आजादी के बाद सिक्के तांबे के बनते थे। उसके बाद 1964 में एल्युमिनियम के और 1988 में स्टेनलेस स्टील के बनने शुरू हुए।

15. भारतीय नोट पर महात्मा गांधी की जो फोटो छपती हैं वह तब खीँची गई थी जब गांधीजी, तत्कालीन बर्मा और भारत में ब्रिटिश सेक्रेटरी के रूप में कार्यरत फ्रेडरिक पेथिक लॉरेंस के साथ कोलकाता स्थित वायसराय हाउस में मुलाकात करने गए थे। यह फोटो 1996 में नोटों पर छपनी शुरू हुई थी। इससे पहले महात्मा गांधी की जगह अशोक स्तंभ छापा जाता था।

16. भारत के 500 और 1,000 रूपये के नोट नेपाल में नही चलते। और अब तो भारत में भी नही चल रहे.

17. 500₹ का पहला नोट 1987 में और 1,000₹ पहला नोट सन् 2000 में बनाया गया था। फिलहाल 1,000₹ का नोट बंद हो चुका है। और 500₹ का नया नोट मार्केट में आ रहा है।

18. भारत में 75, 100 और 1,000₹ के भी सिक्के छप चुके हैं।

19. 1₹ का नोट भारत सरकार द्वारा और 2 से 1,000₹ तक के नोट RBI द्वारा जारी किये जाते थे.

20. एक समय पर भ्रष्टाचार से लड़ने के लिए 0₹ का नोट 5thpillar नाम की गैर सरकारी संस्था द्वारा जारी किए गए थे।

21. 10₹ के सिक्के को बनाने में 6.10₹ की लागत आती हैं.

22. नोटो पर सीरियल नंबर इसलिए डाला जाता हैं ताकि आरबीआई(RBI) को पता चलता रहे कि इस समय मार्केट में कितनी करंसी हैं।

23. रूपया भारत के अलावा इंडोनेशिया, मॉरीशस, नेपाल, पाकिस्तान और श्रीलंका की भी करंसी हैं।

24. According to RBI, भारत हर साल 2,000 करोड़ करंसी नोट छापता हैं।

25. कम्प्यूटर पर ₹ टाइप करने के लिए ‘Ctrl+Shift+$’ के बटन को एक साथ दबावें.

26. ₹ के इस चिन्ह को 2010 में उदय कुमार ने बनाया था। इसके लिए इनको 2.5 लाख रूपयें का इनाम भी मिला था।

27. क्या RBI जितना मर्जी चाहे उतनी कीमत के नोट छाप सकती हैं ?

ऐसा नही हैं, कि RBI जितनी मर्जी चाहे उतनी कीमत के नोट छाप सकती हैं, बल्कि वह सिर्फ 10,000₹ तक के नोट छाप सकती हैं। अगर इससे ज्यादा कीमत के नोट छापने हैं तो उसको रिजर्व बैंक ऑफ इंडिया एक्ट, 1934 में बदलाव करना होगा।

28. जब हमारे पास मशीन हैं तो हम अनगणित नोट क्यों नही छाप सकते ?

हम कितने नोट छाप सकते हैं इसका निर्धारण मुद्रा स्फीति, जीडीपी ग्रोथ, बैंक नोट्स के रिप्लेसमेंट और रिजर्व बैंक के स्टॉक के आधार पर किया जाता है।

29. हर सिक्के पर सन् के नीचे एक खास निशान बना होता हैं आप उस निशान को देखकर पता लगा सकते हैं कि ये सिक्का कहाँ बना हैं.

• मुंबई – हीरा [◆]
• नोएडा – डाॅट [.]
• हैदराबाद – सितारा [★]
• कोलकाता – कोई निशान नहीं.

30. जानिए, एक नोट कितने रूपयें में छपता हैं।

• 1₹ = 1.14₹
• 10₹ = 0.66₹
• 20₹ = 0.94₹
• 50₹ = 1.63₹
• 100₹ = 1.20₹
• 500₹ = 2.45₹
• 1,000₹ = 2.67₹
• 2,000₹ = फिलहाल कुछ पता नही.

31. रूपया, डाॅलर के मुकाबले बेशक कमजोर हैं लेकिन फिर भी कुछ देश ऐसे हैं, जिनकी करंसी के आगे रूपया काफी बड़ा हैं आप कम पैसों में इन देशों में घूमने का लुत्फ उठा सकते हैं.

• नेपाल (1₹ = 1.60 नेपाली रुपया)
• आइसलैंड (1₹ = 1.94 क्रोन)
• श्रीलंका (1₹ = 2.10 श्रीलंकाई रुपया)
• हंगरी (1₹ = 4.27 फोरिंट)
• कंबोडिया (1₹ = 62.34 रियाल)
• पराग्‍वे (1₹ = 84.73 गुआरनी)
• इंडोनेशिया (1₹ = 222.58 इंडोनेशियन रूपैया)
• बेलारूस (1₹ = 267.97 बेलारूसी रुबल)
• वियतनाम (1₹ = 340.39 वियतनामी डॉन्‍ग).

आप इस पोस्ट से संतुष्ट हुए या नही ? आपने भारतीय रुपयें के बारे में इतनी Detail में आज तक नही पढ़ा होगा.. आपको ये पोस्ट कैसी लगी कमेंट में जरूर बताएँ.

View on Union Budget 2017 -- by Adarsh kumar

Namaste !,

hi , this is my quick review on union budget 2017 that i've concluded after seeing so many news pages

The 2017 Union Budget, presented by Finance Minister Arun Jaitley on Wednesday, was broadly focused on 10 themes — the farming sector, the rural population, the youth, the poor and underprivileged health care, infrastructure, the financial sector for stronger institutions, speedy accountability, public services, prudent fiscal management and tax administration for the honest.

Following are the highlights of Mr. Jaitley's Budget speech:

Demonetisation

1. Demonetisation is expected to have a transient impact on the economy.
2. It will have a great impact on the economy and lives of people .
3. Demonetisation is a bold and decisive measure that will lead to higher GDP growth.
4. The effects of demonetisation will not spillover to the next fiscal.

Agriculture sector

1. Sowing farmers should feel secure against natural calamities.
2. A sum of Rs. 10 lakh crore is allocated as credit to farmers, with 60 days interest waiver.
3. NABARD fund will be increased to Rs. 40,000 crore. 
4. Government will set up mini labs in Krishi Vigyan Kendras for soil testing.
5. A dedicated micro irrigation fund will be set up for NABARD with Rs 5,000 crore initial corpus.
6. Irrigation corpus increased from Rs 20,000 crore to Rs 40,000 crore.
7. Dairy processing infrastructure fund wlll be initially created with a corpus of Rs. 2000 crore.
8. Issuance of soil cards has gained momentum.
9. A model law on contract farming will be prepared and shared with the States.

Rural population

1. The government targets to bring 1 crore households out of poverty by 2019.
2. During 2017-18, five lakh farm ponds will be be taken up under the MGNREGA.
3. Over Rs 3 lakh crore will be spent for rural India. MGNREGA to double farmers' income.
4. Will take steps to ensure participation of women in MGNREGA up to 55%.
5. Space technology will be used in a big way to ensure MGNREGA works.
6. The government proposes to complete 1 crore houses for those without homes.
7. Will allocate Rs. 19,000 crore for Pradhan Mantri Gram Sadak Yojana in 2017-18.
8. The country well on way to achieve 100% rural electrification by March 2018.
9. Swachh Bharat mission has made tremendous progress; sanitation coverage has gone up from 42% in Oct 13 to 60% now.

For youth

1. Will introduce a system of measuring annual learning outcomes and come out with an innovation fund for secondary education.
2. Focus will be on 3,479 educationally-backward blocks.
3. Colleges will be identified based on accreditation.
4. Skill India mission was launched to maximise potential. Will set up 100 India International centres across the country.
5. Courses on foreign languages will be introduced.
6. Will take steps to create 5000 PG seats per annum.

For the poor and underprivilege health care

1. Rs. 500 crore allocated for Mahila Shakthi Kendras.
2. Under a nationwide scheme for pregnant women, Rs. 6000 will be transferred to each person.
3. A sum of Rs. 1,84,632  crore allocated for women and children.
4. Affordable housing will be given infrastructure status.
5. Owing to surplus liquidity, banks have started reducing lending rates for housing.
6. Elimination of tuberculosis by 2025 targeted.
7. Health sub centres, numbering 1.5 lakh, willl be transformed into health wellness centres.
8. Two AIIMS will be set up in Jharkhand and Gujarat.
9. Will undertake structural transformation of the regulator framework for medical education.
10. Allocation for Scheduled Castes  is Rs. 52,393  crore
11. Aadhaar-based smartcards will be issued to senior citizens to monitor health.

Infrastructure and railways

1. A total allocation of Rs. 39,61,354 crore has been made for infrastructure.
2. Total allocation for Railways is Rs. 1,31,000 crore.
3. No service charge on tickets booked through IRCTC.
4. Raksha coach with a corpus of Rs. 1 lakh crore for five years (for passenger safety).
5. Unmanned level crossings will be eliminated by 2020.
6. 3,500 km of railway lines to be commissioned this year up from 2,800 km last year.
7. SMS-based ''clean my coach service'' is put in place.
8. Coach mitra facility will be introduced to register all coach related complaints.
9. By 2019 all trains will have bio-toilets.
10. Five-hundred stations will be made differently-abled friendly.
11. Railways to partner with logistics players for front-end and back-end solutions for select commodities.
12. Railways will offer competitive ticket booking facility.
13. Rs. 64,000 crore allocated for highways. 
14. High speed Internet to be allocated to 1,50,000 gram panchayats.
15. New Metro rail policy will be announced with new modes of financing.

Energy sector

1. A strategic policy for crude reserves will be set up.
2. Rs. 1.26,000 crore received as energy production based investments.
3. Trade infra export scheme will be launched 2017-18.

Financial sector

1. FDI policy reforms - more than 90% of FDI inflows are now automated.
2. Shares of Railway PSE like IRCTC will be listed on stock exchanges. 
3. Bill on resolution of financial firms will be introduced in this session of Parliament.
4. Foreign Investment Promotion Board will be abolished.
5. Revised mechanism to ensure time-bound listing of CPSEs.
6. Computer emergency response team for financial sector will be formed.
7. Pradhan Mantri Mudra Yojana lending target fixed at Rs 2.44 lakh crore for 2017-18.
8. Digital India - BHIM app will unleash mobile phone revolution. The government will introduce two schemes to promote BHIM App - referral bonus for the users and cash back for the traders.
9. Negotiable Instruments Act might be amended.
10. DBT to LPG consumers , Chandigarh is kerosene-free, 84 government schemes are on the DBT platform.
11. Head post office as the central office for rendering passport service.
12. Easy online booking system for Army and other defence personnel.
13. For big-time offences - including economic offenders fleeing India, the government will introduce legislative change or introduce law to confiscate the assets of these people within the country.

Fiscal situation

1. Total expenditure is Rs. 21, 47,000 crore.
2. Plan, non-plan expenditure to be abolished; focus will be on capital expenditure, which will be 25.4 %.
3. Rs. 3,000 crore under the Department  of Economic Affairs for implementing the Budget announcements.
4. Expenditure for science and technology is Rs. 37,435 crore.
5. Total resources transferred to States and Union Territories is Rs 4.11 lakh crore.
6. Recommended 3% fiscal deficit for three years with a deviation of 0.5% of the GDP.
7. Revenue deficit is 1.9 %
8. Fiscal deficit of 2017-18 pegged at 3.2% of the GDP. Will remain committed to achieving 3% in the next year.

Funding of political parties

1. The maximum amount of cash donation for a political party will be Rs. 2,000 from any one source.
2. Political parties will be entitled to receive donations by cheque or digital mode from donors.
3. An amendment is being proposed to the RBI Act to enable issuance of electoral bonds .A donor can purchase these bonds from banks or post offices through cheque or digital transactions. They can be redeemed only by registered political parties.

Defence sector

The defence sector gets an allocation of Rs. 2.74,114 crore.

Tax proposals

1. India’s tax to GDP ratio is not favourable.
2. Out of 13.14 lakh registered companies, only 5.97 lakh firms have filed returns for 2016-17.
3. Proportion of direct tax to indirect tax is not optimal.
4. Individuals numbering 1.95 crore showed an income between Rs. 2.5 lakh to Rs. 5 lakh.
5. Out of 76 lakh individual assessees declaring income more than Rs. 5 lakh, 56 lakh are salaried.
6. Only 1.72 lakh people showed income of more than Rs. 50 lakh a year.
7. Between November 8 to December 30, deposits ranging from Rs. 2 lakh and Rs. 80 lakh were made in 1.09 crore accounts.
8. Net tax revenue of 2013-14 was Rs. 11.38 lakh crore.
9. Out of 76 lakh individual assessees declaring income more than Rs 5 lakh, 56 lakh are salaried.
10. 1.95 crore individuals showed income between Rs. 2.5 lakh to Rs. 5 lakh.
11. Rate of growth of advance tax in Personal I-T is 34.8% in the last three quarters of this financial year.
12. Holding period for long term capital gain lowered to two years
13. Proposal to have a carry-forward of MAT for 15 years.
14. Capital gains tax to be exempted for persons holding land from which land was pooled for creation of the state capital of Andhra Pradesh.
15. Under the corporate tax, in order to make MSME companies more viable, there is a proposal to reduce tax for small companies with a turnover of up to Rs 50 crore to 25%. About 67 lakh companies fall in this category. Ninety-six % of companies to get this benefit.
16. The government proposes to reduce basic customs duty for LNG to 2.5% from 5%.
17. The Income Tax Act to be amended  to ensure that no transaction above Rs 3 lakh is permitted in cash.
18. The limit of cash donation by charitable trusts is reduced to Rs 2,000 from Rs 10,000.
19. Net revenue loss in direct tax could be Rs. 20,000 crore.

Personal income tax

1. Existing rate of tax for individuals between Rs.  2.5- Rs 5 lakh is reduced to 5% from 10%.
2. All other categories of tax payers in subsequent brackets will get a benefit of Rs 12,500.
3. Simple one page return for people with an annual income of Rs. 5 lakh other than business income.
4. People filing I-T returns for the first time will not come under any government scrutiny.
5. Ten % surcharge on individual income above Rs. 50 lakh and up to Rs 1 crore to make up for Rs 15,000 crore loss due to cut in personal I-T rate. 15 surcharge on individual income above Rs. 1 crore to remain.

Income	Tax rate
Individual tax payers
Up to Rs 2,50,000	No tax
Rs 2,50,001 to Rs 5,00,000	5%
Rs 5,00,001 – 10,00,000	20%
More than Rs 10,00,000	30%
Senior citizens who are 60 years old and above but less than 80 years
Up to Rs 3,00,000	No tax
Rs 3,00,001 to Rs 5,00,000	10%
Rs 5,00,001 to Rs 10,00,000	20%
More than Rs 10,00,000	30%
Senior Citizens who are 80 years old and above
Up to Rs 5,00,000	No tax
Rs 5,00,001 to Rs 10,00,000	20%
More than Rs 10,00,000	30%
(Surcharge of 10 per cent on income of all individuals above Rs 50 lakh and less than Rs 1 crore and surcharge of 15 per cent on income above Rs 1 crore).

on the other hand congress vice president rahul gandhi says :- "We were expecting fireworks, instead it was a damp squib. It is just ‘sher-o shayari’ in the budget. There is nothing for farmers and youth and nothing for job creation. There is no clear vision"

and our prime minister Shri narendra Modi :-"The FM has presented an ‘Uttam’ Budget, devoted to strengthening the hands of the poor"

Some tech giant says :-

Anant Maheshwari, president, Microsoft India: “The Finance Minister has presented a balanced budget, underlined by the continued push to using technology to aid a digital economy. As India strengthens its position on the global map, the need for skilled youth is crucial. The budget’s focus on extending market relevant training for the youth and setting up 100 international skill centers across the country, is a positive move. The emphasis on science and technology for students, and launch of SWAYAM, will further empower India’s youth for the future. I am glad to witness the increasing focus on cybersecurity, which is critical to securing the economy’s digital transformation. The reduction of corporate tax for MSMEs is a welcome move and will boost the economic growth. The momentum in the implementation of GST is promising and I look forward to seeing it unfold in the coming months.”

■ Varun Berry, managing director, Britannia Industries Ltd:“ Rural markets have suffered for the longest period of time. This year’s been an okay monsoon; the last two years have been very bad. And then demonetization came, so it slid again. But hopefully with these measures coming in, I’m sure that the rural economy is going to start to spur once again and that’s going to be very good for companies like ours. That’s really is the next frontier as far as consumption is concerned.”

■ Hemal Mehta, Partner, Deloitte Haskins & Sells Llp:“Affordable housing is a priority for this government and it was expected to get infrastructure status. With infrastructure status, developers can access foreign funds at a cheaper cost by way of debt and it will be a priority lending for banks as well. This should result into a progress in the sector. The fine print shall provide higher clarity.” 

credit :- (Reuters)

So, basically the mix speeches and talk has been shown the budget is good we ca't predict the consciousnesses of this, but the funding part of all party's is very good step.

if you have any query or any suggestions or any view please comment us :-

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