AAP leader Sandeep Kumar was sacked by Delhi CM

AAP leader Sandeep Kumar was sacked by Delhi CM after CD containing objectionable content.
Take a look at.

Petrol and diesel prices saw a hike of Rs 3.38 and Rs 2.67 per litre respectively

After reducing fuel prices on four occasions in the last two months, petrol and diesel prices saw a hike of Rs 3.38 and Rs 2.67 per litre respectively on Wednesday.

Four consecutive decreases in fuel prices in last two months saw a reduction in petrol and diesel prices in Delhi by Rs. 5.56 per litre litre for petrol and Rs 4.92 per litre for diesel.

Today’s hike in price rise has been attributed to the steep rise in crude oil prices in the international market.

“During the current fortnight, crude oil prices in the international market have witnessed a steep increase by 13% (over $ 5/bbl) compared to previous fortnight, with a corresponding increase in the international prices of petroleum products,” a press release by Indian Oil Corporation said.

Unified Payments Interface set to go live for customers with 21 banks: NPCI

Unified Payments Interface set to go live for customers with 21 banks: NPCI

National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in India, on Thursday announced that Unified Payments Interface (UPI) is set to go live for customers with 21 banks (19 banks and two issuers).

The 19 banks are: Andhra Bank, Axis Bank, Bank of Maharashtra, Bhartiya Mahila Bank, Canara Bank, Catholic Syrian Bank, DCB Bank, Federal Bank, ICICI Bank, TJSB Sahakari Bank, Oriental Bank of Commerce, Karnataka Bank, UCO Bank, Union Bank of India, United Bank of India, Punjab National Bank, South Indian Bank, Vijaya Bank, and YES Bank.

IDBI Bank and RBL Bank are the issuers which will enable their customers to download any UPI-enabled Apps and link their account.   

On April 11 this year, Reserve Bank of India Governor Raghuram Rajan announced the soft launch of UPI. Since then, it was undergoing a 'pilot run' with employee-customers to fix tecnical glitches and ensure the product gives a smooth experience for immediate ‘Pay’ and ‘Collect’ with Virtual Payment Address (VPA), NPCI said in a press release. 

After assessing the 'pilot run', RBI gave its final nod for public launch of the product.

Commenting on the launch AP Hota, MD & CEO of NPCI said, "This is a success of enormous significance. Real-time sending and receiving money through a mobile application at such a scale on interoperable basis had not been attempted anywhere else in the world. Now the UPI App will be made available on Google Play Store by banks".

As per the release, the banks with 1,000 pilot customers, 5,000 transactions and a success rate of around 80% will be permitted to go live. The decision was taken by NPCI. 

The customers can download the UPI mobile application of 19 banks from the Google Play Store in the next two-three working days. The customers can get other details of the services on the official website of these 21 banks.

ZeeBiz had earlier reported that the instruments are expected to grow the consumer and SME loan market from $600 billion to $3,020 in the next 10 years, according to a report by Credit Suisse. 

Mobile banking is changing the ecosystem as barriers of access and reach, break. Digitally-empowered customers can access instantaneous payment options through authentication of Aadhaar and compare and contrast products from multiple providers.

Wish you all Happy janmastami.

श्री कृष्ण गोविन्द हरे मुरारी हे नाथ नारायण वासुदेव।

पितु मात स्वामी सखा हमारे-2 हे नाथ नारायण वासुदेव-2।।

Said by Someone

Silence and smile are two powerful tools.Smile is the way to solve many problems and silence is the way to avoid many problems.

The Rio Olympics ended with a spectacular carnival-inspired closing ceremony

The Rio Olympics ended with a spectacular carnival-inspired closing ceremony, and the official handover to 2020 hosts Tokyo.

Final Medal 

The colourful ceremony, lasting almost three hours, celebrated Brazil's arts and was held in a wet Maracana.

Among the highlights were Tokyo's impressive showcase and a vibrant carnival parade.

"These were a marvellous Olympics, in a marvellous city," said International Olympic Committee chief Thomas Bach.

"Over the last 16 days a united Brazil inspired the world, in difficult times for all of us, with its irresistible joy for life."

Bach officially closed the Games of the 31st Olympiad after 16 days of competition, featuring 11,303 athletes from 206 nations and a refugee team.

Click for complete medal table 

Rio2016 : Latest Medal Tally

Rio2016 : Latest Medal Tally

Ind reaches at 61st Position with the help of PVSindhu's Silver Medal

Spoken by someone

Those whose thought, character and behavior is good, world never misses to praise behind them.

जिन लोगों की सोच, चरित्र और व्यवहार अच्छा होता है, दुनिया उनके पीछे भी तारीफ करने से नहीं चूकती!

Pvsindhu wins silver medal

Rio2016 : Pvsindhu loses to caro marin in final, wins silver medal
Congrats, we all are proud of you.

Pvsindhu wins silver medal

Rio2016 : Pvsindhu loses to caro marin in final, wins silver medal
Congrats, we all are proud of you.

P V Sindh conforms silver medal in Rio2016

Rio2016 : Pvsindhu loses to caro marin in final, wins silver medal
Congrats, we all are proud of you.

Olympic dream of Narsingh Yadav's over for 4-year doping suspension

• CAS has upheld WADA'sappeal against the clean chit given to him in a doping case
• The ad hoc division of the CASslapped a four-year ban on the Indian wrestler
• The CAS panel did not accept the argument of the athlete that he was the victim of sabotage

RIO DE JANEIRO: It was just the perfect day for India at the Games here on Thursday. The hangover of Sakshi Malik's bronze was still there when PV Sidhu smashed her way into the women's badminton final in the morning.

It couldn't get better. Around midnight India time, news came in that the ad hoc division of the Court of Arbitration for Sport (CAS) had appreciated India's presentation of wrestler Narsingh Yadav's case and that he would get to play on Friday morning.

Late in the evening, around 8.30pm here, a call changed all that. The CAS body had set aside the decision of the Indian anti-doping body, NADA, and slapped a four-year ban on Yadav. Yadav was to compete on Friday morning in the 74kg category ere and his name even figured in the draw after he cleared his medical and weigh-in on Thursday.

After this ban now, Yadav will be forced to vacate his room on the Games Village on Friday morning. The Indian delegation will try to put him up in a safe place, away from the prying eyes of the Indian media.

"The CAS panel did not accept the argument of the athlete that he was victim of sabotage and noted that there was no evidence that he bore no fault, nor that the anti-doping rule violation was not intentional. Therefore, the standard four-year period of ineligibility was imposed on the by the panel," an official release of CAS said.

Narsingh Yadav at Rio2016

Rio 2016: Narsingh Yadav Olympic dream alive as WADA Clears his participation

PVSindhu beats Japan's Nozomi Okuhara.

Rio 2016 Olympic: PVSindhu beats Japan's Nozomi Okuhara.

PVSindhu becomes the first Indian badminton player to make the Olympic final! IND's 2nd medal assured.

First medal for India at Rio2016

First medal for India at Rio2016 Wrestler SakshiMalik wins Bronze in Women's Freestyle 58kg RIOnAIR

Rio2016 : Latest Medal Tally

Rio2016 : Latest Medal Tally

IND reaches at 70th spot after SakshiMalik's first Bronze in wrestling

Happy 70th Independence Day (2016)

Freedom in the Mind,
Faith in the words..
Pride in our Souls..
Lets salute the Nation on Independence Day.
Wish you a very Happy Independence Day.

Sunday 14th Aug 2016

Ambition is the spur that makes man struggle with destiny. It is heaven’s own incentive to make purpose great and achievement greater. -Donald G. Mitchell

Saturday, 13th Aug 2016

Someone’s sitting in the shade today
because someone planted
a tree a long time ago.”
~ Warren Buffett -

Friday, 12th Aug 2016,

“Remember, for everything you have lost, you have gained something else. Without the dark,  you would never see the stars"

Thursday 11.08.2016

“Dont mix bad words with your bad mood.
You may have many opportunities to change a mood
but you will never get the opportunity 
to replace the words you have spoken.”
~ Author Unknown

Line of day 10.08.2016

If everyone is happy with you
then surely you have made many compromises in life
If you are happy with everyone
then surely you have ignored many faults of others.

Line Of the Day....1

Happiness is not something ready made. It comes from your own action.

QUOTE of the day 06.08.2016

Nothing is too small to begin and nothing is too big to attempt.

Know all about Rio 2016

Know all about Rio 2016

https://www.olympic.org/

Quote of the day 5.8.2016

In order to carry a positive action we must develop here a positive vision.

Dalai Lama

Goods and Services Tax (GST) Bill passed 2016

Goods and Services Tax (GST) Bill 

ref: The Indian Express

The Goods and Services Tax (GST), the biggest reform in India’s indirect tax structure since the economy began to be opened up 25 years ago, at last looks set to become reality. The Constitution (122nd) Amendment Bill comes up in Rajya Sabha today, on the back of a broad political consensus and boosted by the ‘good wishes’ of the Congress, which holds the crucial cards on its passage. Here’s how GST differs from the current regimes, how it will work, and what will happen if Parliament clears the Bill. 

Stage 1

Imagine a manufacturer of, say, shirts. He buys raw material or inputs — cloth, thread, buttons, tailoring equipment — worth Rs 100, a sum that includes a tax of Rs 10. With these raw materials, he manufactures a shirt.
In the process of creating the shirt, the manufacturer adds value to the materials he started out with. Let us take this value added by him to be Rs 30. The gross value of his good would, then, be Rs 100 + 30, or Rs 130.
At a tax rate of 10%, the tax on output (this shirt) will then be Rs 13. But under GST, he can set off this tax (Rs 13) against the tax he has already paid on raw material/inputs (Rs 10). Therefore, the effective GST incidence on the manufacturer is only Rs 3 (13 – 10).

Stage 2

The next stage is that of the good passing from the manufacturer to the wholesaler. The wholesaler purchases it for Rs 130, and adds on value (which is basically his ‘margin’) of, say, Rs 20. The gross value of the good he sells would then be Rs 130 + 20 — or a total of Rs 150.
A 10% tax on this amount will be Rs 15. But again, under GST, he can set off the tax on his output (Rs 15) against the tax on his purchased good from the manufacturer (Rs 13). Thus, the effective GST incidence on the wholesaler is only Rs 2 (15 – 13).

Stage 3

In the final stage, a retailer buys the shirt from the wholesaler. To his purchase price of Rs 150, he adds value, or margin, of, say, Rs 10. The gross value of what he sells, therefore, goes up to Rs 150 + 10, or Rs 160. The tax on this, at 10%, will be Rs 16. But by setting off this tax (Rs 16) against the tax on his purchase from the wholesaler (Rs 15), the retailer brings down the effective GST incidence on himself to Re 1 (16 –15).
Thus, the total GST on the entire value chain from the raw material/input suppliers (who can claim no tax credit since they haven’t purchased anything themselves) through the manufacturer, wholesaler and retailer is, Rs 10 + 3 +2 + 1, or Rs 16.

How it would be in a non-GST regime?

In a full non-GST system, there is a cascading burden of “tax on tax”, as there are no set-offs for taxes paid on inputs or on previous purchases.

Thus, if we consider the same example as above, the manufacturer buys raw materials/inputs at Rs 100 after paying tax of Rs 10. The gross value of the shirt (good) he manufacturers would be Rs 130, on which he pays a tax of Rs 13. But since there is no set-off against the Rs 10 he has already paid as tax on raw materials/inputs, the good is sold to the wholesaler at Rs 143 (130 + 13).

With the wholesaler adding value of Rs 20, the gross value of the good sold by him is, then, Rs 163. On this, the tax of Rs 16.30 (at 10%) takes the sale value of the good to Rs 179.30. The wholesaler, again, cannot set off the tax on the sale of his good against the tax paid on his purchase from the manufacturer.

The retailer, thus, buys the good at Rs 179.30, and sells it at a gross value of Rs 208.23, which includes his value addition of Rs 10 and a tax of Rs 18.93 (at 10% of Rs 179.30). Again, there is no mechanism for setting off the tax on the retailer’s sale against the tax paid on his previous purchase.

The total tax on the chain from the raw material/input suppliers to the final retailer in this full no-GST regime will, thus, work out to Rs 10 + 13 + 16.30 + 18.93 = Rs 58.23. For the final consumer, the price of the good would then be Rs 150 + 58.23 = Rs 208.23.

Compare this Rs 208.23 — with a tax of Rs 58.23 — to the final price of Rs 166, which includes a total tax of Rs 16, under GST.