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Raksha Bandhan or Rakhi: The Thread of Love

Raksha Bandhan, or also known as Rakhi is a Hindu festival, which celebrated in many parts of the Indian subcontinent, or Nepal. Meaning of Raksha bandhan is “bond of protection”.  It is observed on the full moon day of the Hindu lunisolar calendar of Shravana month, which falls in Gregorian calendar of August month.

The festival is symbol of the love and duty between brothers and sisters. It is also used to celebrate any brother-sister type of relationship between men and women who may or may not be biologically related. On Raksha Bandhan, a sister ties a rakhi on her brother’s wrist with a prayer for his happiness and prosperity. This represents the sister’s love towards his brother. The brother gives her a gift & a promise to protect her.

This frail of thread of Rakhi is considered as stronger than iron chains as it binds the most beautiful relationship in an inseparable bond of love and trust. Rakhi is a sacred thread of Rakhi is a sacred thread of protection embellished with love & affection of a sister for her brother.

Rakhi festival also has a social significance because it underlines the notion that everybody should live in harmonious coexistence with each other. Not a single festival in India is complete without the typical Indian festivities, the gatherings, and celebrations, exchange of sweets and gifts, lots of noise, singing and dancing.

Raksha bandhan is also celebrated by some Jains and Sikhs, by Hindu communities in other parts of the world. Among the Jains, Jain priests give threads to devotees. Raksha Bandhan has been an important tradition in the history of Sikhism as well. In Nepal, the festival is called Rishitarpani or Janai Purnima, involving a sacred thread ceremony, one observed by Hindus and Newar Buddhist communities.

Raksha Bandhan as a religious festival focuses on performing the aarti and saying prayers prior to tying the rakhi. The prayers draw inspiration from the Hindu scriptures. Raksha Bandhan in Sanskrit literally means “the tie or knot of protection”. The word Raksha means protection, while Bandhan is the verb to tie.

“The memories may fade away with time but the love and special bond we share will grow ever stronger with each day… Home Search Wishes you all Happy Raksha Bandhan!”

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Happy Homebuyers, Karnataka RERA covers many ongoing plans

Homebuyers may stand to benefit from the provisions of the Real Estate (Regulation & Development) Act notified by the Karnataka government on Monday. It, among other things, brings a huge number of ongoing projects under the purview of the law.

The government had come under criticism for the draft rules published last week which said ongoing projects, where 60% development work had been completed or 60% of the apartments/houses/plots had been registered and executed, would not come under the purview of the Act.

 

If the OC has already been applied for, the building is exempt from RERA regulations.

 

 

 

Buyers felt that the provision gave a leeway to the developers to slip out and there was also confusion as to how a consensus could be reached on such an arbitrary number.

That part seems to have been addressed. As per the notification published on Monday, only ongoing projects “where all development works have been completed as per the Act and certified by the competent agency“are exempted from RERA. The 60% sale lease deed provision stays.

“We were not expecting this, “Shriram Properties managing director Murali said, when asked about his response about the rules. Sobha managing director JC Sharma said though the law is customer friendly, any retrospective law is bad and goes against natural justice. Most of my ongoing projects, where I have not applied for an occupancy certificate, will come under RERA, “Sharma said.

According to the notification, a builder can apply for an OC only if it has been certified by a competent agency -in this case by an architect. If the OC has already been applied for, the building is exempt from RERA regulations. “The rules are stringent because builders have to get in place waterlines, electricity lines and other things before applying for OC, “Suhail Rehman, director of Asse Builders, said.

E Suhail Ahmed, advocate and legal consultant at RERA Consultants, said the rules are not much of a dilution from the central legislation. “They are almost in line with the Act as far as its application to ongoing projects is concerned, “Ahmed said. If a project comes under RERA, buyers would be in a position to file a complaint in case there is a delay or if the building has not gone by the approved plans.

 

(This article was originally published in The Times of India)

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What is GST? Goods & Services Tax Law for Beginners

What is GST?

Goods & Services Tax is a comprehensivemulti-stagedestination-based tax that will be levied on every value addition.

To understand this, we need to understand the concepts under this definition. Let us start with the term ‘Multi-stage’. Now, there are multiple steps an item goes through from manufacture or production to the final sale. Buying of raw materials is the first stage. The second stage is production or manufacture. Then, there is the warehousing of materials. Next, comes the sale of the product to the retailer. And in the final stage, the retailer sells you – the end consumer – the product, completing its life cycle.

So, if we had to look at a pictorial description of the various stages, it would look like:

 

Goods and Services Tax will be levied on each of these stages, which makes it a multi-stage tax. How? We will see that shortly, but before that, let us talk about ‘Value Addition’.

Let us assume that a manufacturer wants to make a shirt. For this he must buy yarn. This gets turned into a shirt after manufacture. So, the value of the yarn is increased when it gets woven into a shirt. Then, the manufacturer sells it to the warehousing agent who attaches labels and tags to each shirt. That is another addition of value after which the warehouse sells it to the retailer who packages each shirt separately and invests in marketing of the shirt thus increasing its value.

 

 

GST will be levied on these value additions – the monetary worth added at each stage to achieve the final sale to the end customer.

There is one more term we need to talk about in the definition – Destination-Based. Goods and Services Tax will be levied on all transactions happening during the entire manufacturing chain. Earlier, when a product was manufactured, the centre would levy an Excise Duty on the manufacture, and then the state will add a VAT tax when the item is sold to the next stage in the cycle. Then there would be a VAT at the next point of sale.

So, earlier the pattern of tax levy was like this:

 

 

Now, Goods and Services Tax will be levied at every point of sale. Assume that the entire manufacture process is happening in Rajasthan and the final point of sale is in Karnataka. Since Goods & Services Tax is levied at the point of consumption, so the state of Rajasthan will get revenue in the manufacturing and warehousing stages, but lose out on the revenue when the product moves out Rajasthan and reaches the end consumer in Karnataka. This means that Karnataka will earn that revenue on the final sale, because it is a destination-based tax and this revenue will be collected at the final point of sale/destination which is Karnataka.

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Why is Goods and Services Tax so Important?

So, now that we have defined GST, let us talk about why it will play such a significant role in transforming the current tax structure, and therefore, the economy.

Currently, the Indian tax structure is divided into two – Direct and Indirect Taxes. Direct Taxes are levies where the liability cannot be passed on to someone else. An example of this is Income Tax where you earn the income and you alone are liable to pay the tax on it.

In the case of Indirect Taxes, the liability of the tax can be passed on to someone else. This means that when the shopkeeper must pay VAT on his sale, he can pass on the liability to the customer. So, in effect, the customer pays the price of the item as well as the VAT on it so the shopkeeper can deposit the VAT to the government. This means that the customer must pay not just the price of the product, but he also pays the tax liability, and therefore, he has a higher outlay when he buys an item.

This happens because the shopkeeper has paid a tax when he bought the item from the wholesaler. To recover that amount, as well as to make up for the VAT he must pay to the government, he passes the liability to the customer who has to pay the additional amount. There is currently no other way for the shopkeeper to recover whatever he pays from his own pocket during transactions and therefore, he has no choice but to pass on the liability to the customer.

Goods and Services Tax will address this issue after it is implemented. It has a system of Input Tax Credit which will allow sellers to claim the tax already paid, so that the final liability on the end consumer is decreased.

How does GST work?

A nationwide tax reform cannot function without strict guidelines and provisions. The GST Council has devised a fool proof method of implementing this new tax regime by dividing it into three categories. Wondering how they work? Let our experts explain this to you in detail.

When Goods and Services Tax is implemented, there will be 3 kinds of applicable Goods and Services Taxes:

CGST: where the revenue will be collected by the central government

SGST: where the revenue will be collected by the state governments for intra-state sales

IGST: where the revenue will be collected by the central government for inter-state sales

In most cases, the tax structure under the new regime will be as follows:

Transaction New Regime Old Regime Comments
Sale within the state CGST + SGST VAT + Central Excise/Service tax Revenue will now be shared between the Centre and the State
Sale to another State IGST Central Sales Tax + Excise/Service Tax There will only be one type of tax (central) now in case of inter-state sales.

Example

A dealer in Maharashtra sold goods to a consumer in Maharashtra worth Rs. 10,000. The Goods and Services Tax rate is 18% comprising CGST rate of 9% and SGST rate of 9%. In such cases the dealer collects Rs. 1800 and of this amount, Rs. 900 will go to the central government and Rs. 900 will go to the Maharashtra government.

Now, let us assume the dealer in Maharashtra had sold goods to a dealer in Gujarat worth Rs. 10,000. The GST rate is 18% comprising of CGST rate of 9% and SGST rate of 9%. In such case the dealer has to charge Rs. 1800 as IGST. This IGST will go to the Centre. There will no longer be any need to pay CGST and SGST.

 

How will GST help India and common man?

The basis of Goods and Services Tax is the seamless flow of Input Tax Credit (ITC) along the entire value addition chain. At every step of the manufacturing process, businesses will have the option to claim the tax already paid in the previous transaction. Understanding this process is crucial for businesses. A detailed explanation here.

To understand this, let us first understand what is Input Tax Credit. It is the credit an individual receives for the tax paid on the inputs used in manufacturing the product. So, if there is a 10% tax that the individual must submit to the government, he can subtract the amount he has paid in taxes at the time of purchase and submit the balance amount to the government.

Let us understand this with a hypothetical numerical example.

Say a shirt manufacturer pays Rs. 100 to buy raw materials. If the rate of taxes is set at 10%, and there is no profit or loss involved, then he has to pay Rs. 10 as tax. So, the final cost of the shirt now becomes Rs (100+10=) 110.

At the next stage, the wholesaler buys the shirt from the manufacturer at Rs. 110, and adds labels to it. When he is adding labels, he is adding value. Therefore, his cost increases by say Rs. 40. On top of this, he has to pay a 10% tax, and the final cost therefore becomes Rs. (110+40=) 150 + 10% tax = Rs. 165.

Now, the retailer pays Rs. 165 to buy the shirt from the wholesaler because the tax liability had passed on to him. He has to package the shirt, and when he does that, he is adding value again. This time, let’s say his value add is Rs. 30. Now when he sells the shirt, he adds this value (plus the VAT he has to pay the government) to the final cost. So, the cost of the shirt becomes Rs. 214.5 Let us see a breakup for this:

Cost = Rs. 165 + Value add = Rs. 30 + 10% tax = Rs. 195 + Rs. 19.5 = Rs. 214.5

So, the customer pays Rs. 214.5 for a shirt the cost price of which was basically only Rs. 170 (Rs 110 + Rs. 40 + Rs. 30). Along the way the tax liability was passed on at every stage of transaction and the final liability comes to rest with the customer. This is called the Cascading Effect of Taxes where a tax is paid on tax and the value of the item keeps increasing every time this happens.

Action Cost 10% Tax Total
Buys Raw Material @ 100 100 10 110
Manufactures @ 40 150 15 165
Adds value @ 30 195 19.5 214.5
Total 170 44.5 214.5

In the case of Goods and Services Tax, there is a way to claim credit for tax paid in acquiring input. What happens in this case is, the individual who has paid a tax already can claim credit for this tax when he submits his taxes.

In our example, when the wholesaler buys from the manufacturer, he pays a 10% tax on his cost price because the liability has been passed on to him. Then he adds value of Rs. 40 on his cost price of Rs. 100 and this brings up his cost to Rs. 140. Now he has to pay 10% of this price to the government as tax. But he has already paid one tax to the manufacturer. So, this time what he does is, instead of paying Rs (10% of 140=) 14 to the government as tax, he subtracts the amount he has paid already. So, he deducts the Rs. 10 he paid on his purchase from his new liability of Rs. 14, and pays only Rs. 4 to the government. So, the Rs. 10 becomes his input credit.

When he pays Rs. 4 to the government, he can pass on its liability to the retailer. So, the retailer pays Rs. (140+14=) 154 to him to buy the shirt. At the next stage, the retailer adds value of Rs. 30 to his cost price and has to pay a 10% tax on it to the government. When he adds value, his price becomes Rs. 170. Now, if he had to pay 10% tax on it, he would pass on the liability to the customer. But he already has input credit because he has paid Rs.14 to the wholesaler as the latter’s tax. So, now he reduces Rs. 14 from his tax liability of Rs. (10% of 170=) 17 and has to pay only Rs. 3 to the government. And therefore, he can now sell the shirt for Rs. (140+30+17) 187 to the customer.

Action Cost 10% Tax Actual Liability Total
Buys Raw Material 100 10 10 110
Manufactures @ 40 140 14 4 154
Adds Value @ 30 170 17 3 187
Total 170 17 187

In the end, every time an individual was able to claim input tax credit, the sale price for him reduced and the cost price for the person buying his product reduced because of a lower tax liability. The final value of the shirt also therefore reduced from Rs. 214.5 to Rs. 187, thus reducing the tax burden on the final customer.

So essentially, Goods & Services Tax is going to have a two-pronged benefit. One, it will reduce the cascading effect of taxes, and second, by allowing input tax credit, it will reduce the burden of taxes and, hopefully, prices.

GST Law in India – A Detailed History

GST is not a new phenomenon. It was first implemented in France in 1954, and since then many countries have implemented this unified taxation system to become part of a global whole. Now that India is adopting this new tax regime, let us look back at the how and when of the Goods and Services Tax and its history in the nation.

France was the world’s first country to implement GST Law in the year 1954. Since then, 159 other countries have adopted the GST Law in some form or other. In many countries, VAT is the substitute for GST, but unlike the Indian VAT system, these countries have a single VAT tax which fulfills the same purpose as GST.

In India, the discussion on GST Law was flagged off in the year 2000, when the then Prime Minister Atal Bihari Vajpayee brought the issue to the table.

History of GST in India – Year by Year Events

 

Summary

The idea behind having one consolidated indirect tax to subsume multiple currently existing indirect taxes is to benefit the Indian economy in a number of ways:

  • It will help the country’s businesses gain a level playing field
  • It will put us on par with foreign nations who have a more structured tax system
  • It will also translate into gains for the end consumer who not have to pay cascading taxes any more
  • There will now be a single tax on goods and services

In addition to the above,

  • The Goods and Services Tax Law aims at streamlining the indirect taxation regime. As mentioned above, GST will subsume all indirect taxes levied on goods and service, including State and Central level taxes. The GST mechanism is an advancement on the VAT system, the idea being that a unified GST Law will create a seamless nationwide market.
  • It is also expected that Goods and Services Tax will improve the collection of taxes as well as boost the development of Indian economy by removing the indirect tax barriers between states and integrating the country through a uniform tax rate.
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Trumps Take First Official Trip, World Gets First Real Look At Their Marriage

Trumps Take First Official Trip, World Gets First Real Look At Their Marriage..

As Melania Trump accompanied her husband on his first foreign trip, the public got an uncommon glimpse into the first couple’s dynamic.

The first lady, who remained in New York when President Donald Trump moved to Washington, was more visible than she has been during any other stretch of his presidency. She strode along, usually a pace or two behind, as he greeted dignitaries. She stood over his shoulder as he signed guest books. She ventured out on her own a few times, primarily to meet with women and children. But her foremost job was to accompany the president.

Seeing the Trumps together over the course of their nine-day trip aroused the fascination Americans have with all White House marriages. Do they hold hands? (Not regularly.) Glance at one another lovingly or roll their eyes? (Neither, at least before the cameras.)

On the second leg of their trip, they walked down the tarmac at Israel’s Ben Gurion International Airport, and Trump seemed to reach back to take his wife’s hand. With a quick flick of the wrist, she seemed to swat it away. The moment, captured on video, went viral.

As they departed Israel the next day, they walked to Air Force One together hand-in-hand as photographers captured the scene. This moment of connection was less commented upon than the apparent brushoff.

For months, Trump’s critics have questioned whether the first couple is happily married. Their friends insist that they are.

“I will put my hand in fire and say that they are super, super happy,” said Paolo Zampolli, the Manhattan businessman who introduced the Trumps to each other at a New York Fashion Week party he hosted in 1998 and remains friendly with the couple.

Karen LeFrak, a longtime friend of the Trumps, told a Washington Post reporter that Melania Trump is “enjoying her life and new role. . . Their relationship is great.”

Melania Trump has described herself as a supportive wife. “We know what our roles are and we are happy with them,” she told Parenting magazine a few years ago. “I think the mistake some people make is they try to change the man they love after they get married. You cannot change a person.”

The president, meanwhile, has repeatedly proclaimed that Melania is doing a wonderful job as first lady.

“She was always the highest quality that you’ll ever find. . . and I’ve known her for a long time,” he said at a news conference earlier this year.

He’s used blunter terms of praise as well. In a recent conversation on Air Force One, Trump boasted to a supporter that his wife is “Jackie O on steroids.”

The first couple has been married for 12 years and together for 17. The personalities they’ve presented to the public have typically suggested an opposites-attract dynamic – he is impulsive and decisive, while she is quiet and cautious.

At one point during their foray abroad, they carried themselves like a couple on a double date with other world leaders. An Israeli television station’s microphone caught an exchange they shared with Israeli Prime Minister Benjamin Netanyahu and his wife.

“You know in Israel all the people like us – the media hate us but the people love us,” Sara Netanyahu told the Trumps as they met. “Like you.”

“We have a lot in common,” President Trump replied.
In Italy, the president introduced the first lady to Pope Francis, who shook her hand and asked in Italian: “What do you give him to eat – potica?”

“Potica,” Melania Trump repeated lightheartedly, referring to a Slovenian sweet bread popular in her home country.

If every marriage is a mystery, political marriages are the Twilight Zone. Really, who knows what goes on in the confines of any relationship they are not a part of? So first couples – like celebrities – are subject to endless analysis and interpretation of their every interaction. They are expected to perfect the political performance of marriage.

Barack and Michelle Obama’s relationship was a central part of their political story. They both spoke of their family’s 6:30 p.m. dinner as a sacred time. They teased each other and held hands in public. She fixed his tie while the cameras snapped photos of them on the North Portico of the White House waiting for guests to arrive for state dinners. He kissed her cheek.

At times, the Obamas seemed to be performing. At a basketball game, they seemed to initially wave away the Kiss Cam when it settled on them – but later called it back and gave a smooch for the crowd.

In 1998, the Clintons were photographed lovingly dancing together, in swimsuits, on a beach vacation. Some political analysts thought the “candid” photo had been staged for the media. Later that same year, amid the sex scandal that engulfed his presidency, Bill and Hillary Clinton made a memorable photo by walking duitifuly across the White House lawn together – each holding hands with their then-teenage daughter, Chelsea.

In a moment that made some observers swoon and others cringe, Al Gore planted a full-mouth kiss on wife Tipper at the 2000 Democratic National Convention. The crowd went wild for the show of passion by a man who was perceived as stiff. A decade later, they separated.

Less showy interactions between political couples may be more telling. At the Easter Egg Roll earlier this year, Melania Trump gently nudged her husband as the national anthem was played, to remind him to place his hand over his heart.

She rarely accompanied her husband on the campaign trail, but he referred to her as “his pollster.” Politico reported recently that the first lady continues to watch cable news and report back to her husband how she thinks his communications staff is performing.

Others who have observed the Trumps closely back home, say there is an obvious spark between them.

“When we were together at Mar-a-Lago they looked like they were on a first date,” said Zampolli, referring to a New Year’s celebration he attended with the first couple. “They were quite close to each other.”

On another occasion at Mar-a-Lago, prior to the election, Trump interrupted an interview with a Washington Post reporter to call out “Hi, honey!” to Melania, as she passed through in large sunglasses and a bathrobe on her way to the spa. She acknowledged him quickly but kept walking.

The Trumps will wrap up their tour abroad on Saturday, and this summer Melania Trump is expected to move to Washington, where the media glare and public interest in their marriage could intensify.

“She is very strong, and he’s very strong, but of course it is not pleasant,” Zampolli sai

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India just launched 104 satellites, but it has a long way to go to become a global space player

 

India just launched 104 satellites, but it has a long way to go to become a global space player

 

The Indian Space Research Organisation’s commercial revenue forms only 0.6% of the global market.

On February 15, the Indian Space Research Organisation launched a rocket that put 104 satellites into orbit around the earth, breaking a world record as it did so. It was a remarkable achievement for India’s space organisation, which has now had 36 consecutively successful launches of its Polar Satellite Launch Vehicles since 1994.ISRO has consistently been in the headlines over the last few years for its rapid developments in space technology, including the cheapest Mars mission ever designed and its indigenously built cryogenic engine that will be the first step towards putting heavier loads including humans and large satellites into space.But how does ISRO stack up against other space organisations, both government and private?There are two ways to assess this: technological developments and commercial growth.

The Cold War era of intense rivalry between the US and the Union of Soviet Socialist Republics led to a “space race” after the USSR launched Sputnik I, the world’s first satellite, in 1957. The two countries pushed each other to the limits to send ever-larger satellites and finally humans into space and to the moon.The European Union, Japan, Canada, Russia and the US jointly operate the International Space Station, a habitable artificial satellite. These countries also have the world’s premier space organisations that conduct both research and launches. While the US and Russia have scaled back on human spaceflight, China is still pursuing this technology. It sent its first astronaut into space in 2008. Neither the European Space Agency nor the Japan Aerospace Exploration Agency have independently sent humans into space.Along with these five, India’s is only the sixth space agency in the world to have complete launch facilities, to operate cryogenic engines and to send probes to extraterrestrial bodies.However, India still has a long way to go. Although it successfully sent an orbiter to Mars in 2013, and was the first country to achieve this on its first attempt, India is only just beginning to harness the potential of its cryogenic engine to launch Geosynchronous Satellite Launch Vehicles into space. These vehicles travel into higher orbit than PSLVs and can carry satellites weighing more than 2,000 kilogrammes.

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Musical Nights at Rose Festival 2017, Chandigarh | All 3-Day Details

Musical Nights at Rose Festival 2017, Chandigarh | All 3-Day Details

The 45th edition of Rose Festival in Chandigarh just started on 17th February 2017. Society for Tourism & Entertainment promotion in Chandigarh along with Chandigarh Tourism is also organising musical nights on each day of the 3-day Rose fest. People can enjoy Punjabi musical night on the 2 days of the Rose Fest, whereas the last day will be dedicated to the Bollywood musical night in Chandigarh. Musical night in Rose Fest 2017 will be the entertainment factor for all the visitors to chillax and just dance on the beats.
Details of Musical Night in Rose Fest, ChandigarhArtists Who’ll be Performing
Rose festival in Chandigarh will not only bloom the people with the fragrance of flower but will also be a treat for all music lovers. The 3 days musical night in the Rose Festival will be a roller coaster ride for everyone in the city. Singers like Sukshinder Shinda, Garry Sandhu and Adnan Sami will be performing live in concert during the musical night.

Punjabi musical night (Garry Sandhu) On the very first day of the musical night in 45th Rose Fest in Chandigarh, Chandigarhian will get to tap their feets with the performance of Garry Sandhu at Leisure Valley from 6:30 PM onwards.

Punjabi musical night (Sukshinder Shinda) The Second day will also be dedicated to Punjabi music with the king of Pop bhangra music ‘Sukshinder Shinda’. Groove hard on the rock beats of bhangra with desi rockstar in Chandigarh.
Bollywood musical night (Adnan Sami)

Whereas on the last day of the musical night, Chandigarhians will get a chance to listen to the mesmerising voice of Adnan Sami in Rose fest. Be it romantic or dancing number song, you will get it all to dance upon.
Grab your passes now to make your weekend memorable with the blossoms of music on the 45th Rose Festival in Chandigarh.

Rose fest offers you a blend of fun, music, competition, prizes and food all in just one place.Musical NightDate: 17th- 19th February 2017Time: 6:30 PM onwardsVenue: Leisure Valley, Sector 10, Chandigarh

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Demonetisation 100 days: Fake Rs 2000 notes entering India through Bangladesh

 

Demonetisation 100 days: Fake Rs 2000 notes entering India through Bangladesh

 

Fake Rs 2,000 bills are entering India through Bangladesh, three months after the newly minted banknote was introduced as an upshot of the Narendra Modi government’s demonetisation drive to fight corruption, counterfeiting and terrorist funding.But multiple confiscations of counterfeit Rs 2,000 notes over the past three weeks have undermined the shock recall of 500- and 1,000-rupee notes last November, wiping out 86% of the money in circulation in a cash-driven economy.But multiple confiscations of counterfeit Rs 2,000 notes over the past three weeks have undermined the shock recall of 500- and 1,000-rupee notes last November, wiping out 86% of the money in circulation in a cash-driven economy.The latest attempts to restart the vicious cycle after the notes ban have set off alarm bells in the security establishment.On the night of February 14, security forces foiled an attempt to smuggle a consignment across the fence on Indo-Bangladesh border. This was the latest and biggest in a series of attempts over a short span of time.A Border Security Force (BSF) patrol seized a bundle of 100 counterfeit notes that was thrown across the fence for miscreants waiting on the Indian side. The criminals escaped, leaving behind the bundle.

“Our enemies across the border will not stop bothering us. They will continue to poison our economy … pushing fake notes is the best method to do it. It was just a matter of time that they copied the new notes,” said Arun Chaudhary, former Intelligence Bureau special director and former chief of Sashastra Seema Bal that guards the Indo-Nepal border.

The Bangladesh border is a preferred route because it is porous.

Of the 17 security features on the Rs 2,000 note printed by the Reserve Bank of India, 10 were found on the seized notes, according to intelligence sources.More details would be known once they get the forensic report in a couple of weeks.
Preliminary inquiries by the BSF revealed that counterfeiters have managed to copy six front features —including the see-through register where the numeral 2,000 can be seen when held against light; the Devanagari inscription, portrait of Mahatma Gandhi, and the Ashoka pillar emblem.

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As ISRO Attempts World Record, Government Confirms Missions To Mars, Venus

As ISRO Attempts World Record, Government Confirms Missions To Mars, Venus

 

BENGALURU: India will boldly go to Venus for the first time and re-visit the Red Planet very soon. Buried and hidden in the hundreds of pages of the new-format electronic budget documents, is the first formal acknowledgement by the government about these two new bold inter-planetary sojourns to Earth’s immediate neighbours. This uplifting news comes ahead of the Indian Space Research Organisation (ISRO) attempting to undertake its mega launch where it will place not five, ten or twenty, but a record 104 satellites in space in a single mission. No other country has ever tried to hit a century in a single mission.
If all goes according to plan, on the morning of February 15, ISRO will put 104 satellites in space using the Polar Satellite Launch Vehicle (PSLV). Three satellites will be from India and a 101 other satellites of different countries.
India’s ISRO, considered a leading space organisation globally, is one of the best and most competitive in the multi-billion-dollar space launch market. It hopes to set an enviable benchmark for other nations.Prime Minister Narendra Modi has made science and technology, research and space programmes as one of his government’s top priorities. To give it a boost, Finance Minister Arun Jaitley has given the Department of Space a massive 23 per cent increase in this year’s budget. Under the space sciences section, the budget mentions provisions for “Mars Orbiter Mission II and Mission to Venus”.The second mission to Mars is tentatively slated for 2021-2022 and as per existing plans it might even involve putting a robot (rover) on the surface of the Red Planet. While India’s first mission to Mars undertaken in 2013 was a purely Indian mission, the French space agency has shown keenness to collaborate in making the Mars rover for the second mission.

During a visit to India this month, Michael M Watkins, Director of NASA’s Jet Propulsion Laboratory, said they would be keen to at least put a telematics module so that NASA’s rovers and the Indian satellites are able to communicate with each other.The second Indian mission to Mars will aim at exploring the planet in detail from its surface as the first mission – the Mars Orbiter Mission or MOM – is performing well from while orbiting the planet.

India’s maiden mission to Venus, the second planet in our solar system, is likely to be an orbiter mission, similar to the first mission to mars. Mr Watkins said a mission to Venus is very-very worthwhile as so little is understood about that planet and NASA would definitely be willing to partner in India’s maiden voyage to Venus. Towards that, NASA and ISRO have already initiated talks this month on trying to jointly undertake studies on using electrical propulsion for powering this mission.India’s visionary in inter-planetary exploration K Kasturirangan, who was the former chairman of ISRO, says, “India should be part of this global adventure and exploring Venus and Mars is very worthwhile.”
On February 15 India’s workhorse rocket – the PSLV – will make its 39th launch, carrying 1378 kg of satellites to be deployed in space. The first to be let off will be India’s high resolution Cartosat-2 series satellite made especially to monitor the south Asian region at a resolution of less than one metre. Though this earth imaging capability is not unusual but the rest of the satellites on board are unique. Two other small Indian satellites, each weighing less than 10 kg are forerunners of a new class of satellites called ISRO Nano Satellites which the engineers seek to master. What will follow next is a trailblazing performance by the PSLV, when, at an altitude of over 500 km above Earth, it will release 101 satellites. These include one each from Israel, Kazakhstan, The Netherlands, Switzerland, the UAE and a whopping 96 from the United States.
Eighty-eight of the American satellites belong to a San Francisco based start-up company Planet Inc which is sending a swarm of small satellites – 4.7 kg each, which it calls ‘Doves’. This constellation will image earth like never before and with a high repeat rate providing satellite imagery at an affordable cost. This suite of 101 small satellites, whose combined weight is 664 kg, will be released in space in a manner akin to a typical school bus which drops off children at their respective bus stops in a sequential manner.
From previous launches, ISRO has mastered the art of ensuring that no collisions take place. In less than 600 seconds all 101 satellites will be released into space each travelling at a velocity of over 27,000 km per hour or at 40 times the speed of an average passenger airliner.

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India successfully test-fires interceptor missile off Odisha coast

BALASORE: India today successfully test-fired its interceptor missile off the Odisha coast, achieving a significant milestone in the direction of developing a two-layered Ballistic Missile Defence system.
The interceptor was launched from Abdul Kalam Island (Wheeler Island) of ITR at about 7.45 AM.This mission, termed as “PDV mission is for engaging the targets in the exo-atmosphere region at an altitude above 50 km of earth’s atmosphere”, said a Defence Research Development Organisation (DRDO) official.
“Both, the PDV interceptor and the two stage target missile, were successfully engaged,” he said.The target was developed for mimicking a hostile Ballistic Missile approaching from more than 2000 km away was launched from a ship anchored in the Bay of Bengal.In an automated operation, radar based detection and tracking system detected and tracked the enemy’s ballistic missile.

The computer network with the help of data received from radars predicted the trajectory of the incoming Ballistic Missile.PDV that was kept fully ready, took-off once the computer system gave the necessary command for lift-off. The Interceptor guided by high accuracy Inertial Navigation System (INS) supported by a Redundant Micro Navigation System moved towards the estimated point of the interception.
Once the missile crossed the atmosphere, the Heat Shield ejected and the IR Seeker dome opened to look at the Target location as designated by the Mission Computer.
With the help of Inertial Guidance and IR Seeker the missile moved for interception. All events were monitored in real-time by the Telemetry/Range Stations, at various other locations.

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DLF seeks fresh approval from Haryana for land licence still in Robert Vadra firms name

The BJP government in Haryana is now faced with two options: terminate the licence or to renew it in the name of Skylight.

REAL ESTATE developer DLF has applied to the Haryana government for the renewal of a land development licence that a company held by Robert Vadra, son-in-law of Congress president Sonia Gandhi, had transferred to it for Rs 58 crore. The two-year licence expired on December 14, 2016. Sources in Haryana’s Town and Country Planning Department told The Indian Express that they were examining the case to see whether the licence could be renewed. Records show that the licence to develop a commercial colony in Shikohpur village of Gurgaon is still in the name of M/s Skylight Hospitality, a company owned by Vadra.REAL ESTATE developer DLF has applied to the Haryana government for the renewal of a land development licence that a company held by Robert Vadra, son-in-law of Congress president Sonia Gandhi, had transferred to it for Rs 58 crore. The two-year licence expired on December 14, 2016. Sources in Haryana’s Town and Country Planning Department told The Indian Express that they were examining the case to see whether the licence could be renewed. Records show that the licence to develop a commercial colony in Shikohpur village of Gurgaon is still in the name of M/s Skylight Hospitality, a company owned by Vadra.The BJP government in Haryana is now faced with two options: terminate the licence or to renew it in the name of Skylight. Asked why DLF was making payments on behalf of Skylight, Chief Minister Manohar Lal Khattar told The Indian Express: “Regarding any particular case, I am not aware of the minute details. The department’s officers must be aware of it. There are a few issues that we had handed over for CBI inquiry. There are a few issues that will be inquired into on the basis of the Dhingra Commission report. Soon, there will be an announcement…If we get any particular complaint regarding this particular case, we shall put it through the inquiry process.”The Chief Minister emphasised that in cases where anomalies are detected, licences shall be terminated. “We are not going to focus on any particular case, all cases not eligible as per rules will be terminated,” he said. When contacted, Arun Gupta, director, Town and Country Planning Department, Haryana, declined to comment.According to records, Licence No. 203 of 2008 was first allotted to M/s Skylight Hospitality on December 15, 2008 and was valid up to December 14, 2012. The licencee subsequently applied for renewal for a further period — upto December 14, 2014 — and again upto December 14, 2016.Records show that in the last eight years, DLF paid Rs 12.74 crore to the Town and Country Planning Department towards licence renewal fee and for various other charges, including land conversion, scrutiny, etc. Before coming to power in Haryana in 2014, BJP had released a document on >the Vadra-DLF land deal titled “Damad Shree”, raising questions about the transaction, including the renewal of licence by the then Congress government under Bhupinder Singh Hooda.