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Knowledge update 26 aug-14
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Knowledge update 26 aug-14

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  • 1. By AnshulSinghal For Private Circulation only
  • 2. Index Section Particulars Quotes of the Day Section 1 Market Watch Section 2 Economy Updates Section 3 Amendments Section 4 Seminar Section 5 Job/ Empanelment's Section 6 Sports Section 7 Politics Section 8 Movies Updates Section 9 Amazing Facts Section 10 Education Section 11 WorldNews Section 12 Science and Technology Section 13 Spirituality
  • 3. Quotes of The Day
  • 4. Section 1 (Market Watch)
  • 5. Markets Today Source: http://economictimes.indiatimes.com/markets Stock Indices Particulars Up/Down Sensex 26,437.02 17.47 Nifty 7,906.30 -6.90 NSE 7841.8 -19.1 BSE 3216.5 -10.7 Gold 27,767 -46.00 USD 60.56 0.08
  • 6. Section 2 (Economy Updates)
  • 7. CCI imposes Rs 2,545 crorepenalty on 14 car makers •Inthefirstmajororderagainsttheautosector,theCompetitionCommissiontodayslappedapenaltyofRs2,545croreon14carmakers, includingMarutiSuzukiandTataMotors,forviolatingtradenormsinthesparepartsandafterservicesmarket.HondaSielCarsIndia,VolkswagenIndia,FiatIndiaAutomobiles,BMWIndia,FordIndia,GeneralMotorsIndia,HindustanMotors,Mahindra&Mahindra,Mercedes-BenzIndia, NissanMotorIndia,SkodaAutoIndiaandToyotaKirloskarMotorhavealsobeenpenalised. •Ina215-pageorder,theCompetitionCommissionofIndia(CCI)hasimposedapenaltytotallingRs2,544.64croreonthe14carcompanies. Foreachentity,theindividualfineamountstotwopercentoftheiraverageturnover.Thepenaltyistobedepositedwithin60daysofreceiptoftheorder. •NissanMotorIndiaspokespersondeclinedtocommentontheorder. Commentsfrom13othercompaniescouldnotbeimmediatelyobtained.AdetailedinvestigationrevealedthatthesecarcompaniesviolatedcompetitionnormswithrespecttoitsagreementswithlocalOriginalEquipmentSuppliers(OESs)aswellasintermsofpactswithauthoriseddealers.Throughtheseagreements,thecarmakers"imposedabsoluterestrictivecovenantsandcompletelyforeclosedtheaftermarketforsupplyofsparepartsandotherdiagnostictools",thestatementsaid. Source: http://www.dnaindia.com
  • 8. Government of India ties up with FlipkartIndia Pvt to provide an online marketing platform to handloom weavers •LUCKNOW:TheUnionministryoftextilesonMondayannouncedthatithassignedaMemorandumofUnderstanding(MoU)withFlipkarttoprovideonlinemarketingplatformtohandloomweaversinthecountrytoboostthesector,empowerweaversandboostmanufacturinginthecountry. Throughthisexclusiveagreement,FlipkartwillprovideweaversinIndiaonlinemarketingplatform,infrastructuralsupportindataanalyticsandcustomeracquisitiontohelpthemgetremunerativepricesfortheirproductsandscaleuptheirbusiness. MinistryofTextiles,GovernmentofIndia,throughtheofficeoftheDevelopmentCommissionerforHandlooms,iscontinuouslystrivingtodevelopastrong,competitiveandvibranthandloomsectortoprovidesustainableemploymenttohandloomweavers.TheMinistryhadadoptedfocused,flexibleandholisticapproachtopromoteandfacilitatethecontinuousoverallgrowthanddevelopmentofthehandloomindustrythroughformulating,implementing,monitoringandreviewingofhandloompolicies,programmesandschemes;tosupportthehandloomsectoratlargeinupgradingskillknowledge,marketinfrastructure,livingconditionetc. Source : http://timesofindia.indiatimes.com
  • 9. MuthootFinance announces acquisition of 29.98% stake in Asia Asset Finance PLC •MuthootFinance acquired 167,785,600 existing equity shares ofAsiaAsset Finance PLC, Colombo (AAF). This represents 29.98% of total capital of AAF.AAI is a Registered Financial Company based in Sri Lanka and listed in DiriSaviBoardof Colombo Stock Exchange. AAF is in lending business since 1970. At present AAF is involved in Retail Finance, Hire Purchase & Business Loans and has 11 branches across Sri Lanka. Source: http://www.business-standard.com
  • 10. Section 3 (Amendments)
  • 11. •Upon issue of Form 16A TDS certificate, TDS credit has to be given to the payee even if there is Form 26AS mismatch or deductoris at fault for non-deposit of TDS with Govt. •U/s 204, the liability to deduct TDS is on the employer / payer. U/s 205, when tax is deductible at source, the assesseeshall not be called upon to pay tax himself to the extent to which tax has been deducted from that income. This means that the assessee/ deducteeis entitled to credit of such amount of TDS. Even if the deductor, after deducting the TDS, does not deposit the sum with the department, the department has to recover the said amount from the deductorand cannot deny credit to the deductee(Om PrakasGattani242 ITR 638 (Gau) &YashpalSahni293 ITR 539 (Bom) followed) Source: http://itatonline.org/archives/ Sumit DevendraRajanivs. ACIT (Gujarat High Court)
  • 12. Section 4 (Seminar)
  • 13. Source: http://nirc-icai.org/seminar/12-aug.pdf
  • 14. Braithwaite And Co. Limited Last Date :26/08/2014Expression of Interest from Chartered Accountant / Cost Accountant Firms for engagement as Internal Auditor for carrying out jobs of various accounting & internal control including day-to-day activities related to pre-audit, verification, settlement of dues, terminal benefits etc. Address:Braithwaite And Co. Limited,5,Hide Road,Kolkata-700043. Phone:2439-7415, 2439-4114, 2439-6613, 2439-7413. Email:braithwaite_co@yahoo.com Source: http://pdicai.org/OppDetail.aspx?MoreBtnId=oppurtunity
  • 15. SECTION 6 (SPORTS UPDATE)
  • 16. KALYANIGROUP WINS BID TO FIELD NEW TEAM IN I- LEAGUE New Delhi, Aug 25 (PTI)I-League will have a new club this season with the All India Football Federation accepting the bid of the engineering conglomerate KalyaniGroup to field a team in the country's premier tournament. The AIFF bid evaluation committee today accepted the bid of KalyaniGroup to participate in 2014-15 I-League which commences from January 17 next year. Source: http://www.ptinews.com
  • 17. AheatedexchangetookplacebetweenafollowerofSaiBabaandareligiousleaderonstageata'DharmaSansad'convenedbyShankaracharyaSwaroopanandSaraswatiofDwarkaPeeth,inChhattisgarh'sKabirdhamdistrictonMonday. TheShankaracharya,whohadearlierkickedupacontroversybysayingthatSaiBaba,19thcenturysaintfromShirdi,wasnogodandshouldnotbeworshipped,hasconvenedthegatheringatKawardha,around150kmfromthestatecapital,todiscussthesameissue. AroweruptedasMansuhyaMitra,aDelhi-basedfollowerofSaiBaba,wasspeaking,superintendentofpoliceRSNayaktoldPTI. DevoteesofSaiBabafromDelhiandAhmedabadareparticipatinginthetwo-dayconclavewhichendsthisevening. OrganisershadinvitedtwoorthreeSaifollowerstospeakonstage. Source: http://indiatoday.intoday.in
  • 18. Section 8 (movies updates)
  • 19. Rekha applauses Rani Mukherji for 'Mardaani' •Infact,'Mardaani'hascreatedastirandisbeingdiscussedamongtheindustryandaudiencesatlarge.Twitterandothersocialnetworkingsiteshavebeenabuzzandthefilmhasbeentrending.Theresponseofthefilmhasbeenoverwhelming. •AndmuchtoRani'ssurprise,veteranevergreenactressRekhareachedouttoRanitocheckifthereisascreening.Somuchelatedoverthis,Raniimmediatelyorganizedaspecialscreeningforher.PostthefilmRekhacalledRaniandspokeatlengthabouttheroleandthesubjectofthefilm.ShegaveRaniadetailedfeedbackonthefilmandherrole.Shehadastrongperspectiveandtheduohadaninsightfulexchange.Rekhacheckingforascreeningandwantingtowatchthefilminitselfwasahugetakeaway,consideringRekhararelywatchesfilm. Source: http://www.indiaglitz.com
  • 20. Section 9 (Amazing Facts)
  • 21. Amazing facts You can’t kill yourself by holding your breath. Money isn’t made out of paper. It’s made out of cotton. Source: http://indianrealist.com
  • 22. Section 10 (Educational)
  • 23. Source: http://www.casansaar.com ‘MCA not to define 'Ordinary Course of Business Thecorporateaffairsministryhasruledoutdefiningtheterm 'ordinarycourseofbusiness',usedseveraltimesinthe CompaniesAct,2013.This,expertssay,mightleadto confusionandlitigation. "Wearenotgoingtodefinethe'ordinarycourseofbusiness'. Companieswillhavetodoitthemselves,"saidasenior ministryofficial,askingnottobenamed. Thoughthetermhasbeenusedatvariousplacesinthenew companieslaw,ithasprimarilydrawnattentionbecauseof itssignificanceincasesofrelated-partytransactions. Accordingtothenewlegislation,ifarelated-partytransactionisnotpartofacompany's'ordinarycourseofbusiness', besidesafewotherconditions,itwillneedtogetapprovalsfromtheboardofdirectorsandtheauditcommittee.Also,ifa transactionis'material',itrequiresapprovalof75percentofminorityshareholders.
  • 24. SECTION11 (WORLDNEWS)
  • 25. JOINTCHIEFSCHAIRMANSAYSISIS NOTADIRECTTHREATTOUS, WON'TRECOMMENDSYRIASTRIKESYET Despitethreatstothecontrary,thechairmanoftheJointChiefsofStaffinsistedtheIslamicStateterrorgroupisaregionalthreatandsaidhewouldnotrecommendU.S.airstrikesinSyriauntilhedeterminesthattheyhavebecomeadirectthreattotheU.S. Gen.MartinDempsey,speakingtoreportersonboardamilitaryplanetravelingtoAfghanistan,saidSundaythathebelievestheSunniinsurgentgroupformerlyknownasISISisnotcurrentlyplottingorplanningattacksagainsttheU.S.orEurope. ISIShasrepeatedlymadethreatstoattacktheU.S.throughsocialandconventionalmedia.Earlierthismonth,inaViceNewsdocumentary,aspokesmanforthegroupvowedto"raisetheflagofAllahintheWhiteHouse."ThegrouptookoverIraq'ssecondlargestcity,Mosul,inJune,andhassincedeclaredanIslamicstate,orcaliphate,inaswathofterritorycoveringnortheasternSyriaandnorthernandwesternIraq.U.S.airstrikesandanewpolicyofdirectmilitaryaidtoKurdishPeshmergafightershaveservedasacheckonathreatenedISISadvancetowardKurdishterritoryinnorthernIraq. Source: http://www.foxnews.com
  • 26. SECTION12 (SCIENCEANDTECHNOLOGY)
  • 27. INDIAN-ORIGINRESEARCHERSCREATE'ROBOBRAIN' Washington:TwoIndian-originresearchershavecreatedalargecomputationalsystemknownas'RoboBrain'. Thecomputationalsystemextractsinformationavailableontheinternetthatwillhelprobotstogainknowledgeonhumanbehaviour,languageandmannerism. "Ourlaptopsandcellphoneshaveaccesstoalltheinformationwewant.Ifarobotencountersasituationithasnotseenbefore,itcanqueryRoboBraininthecloud,"explainedleadresearcherAshutoshSaxena,anassistantprofessorofcomputerscienceatCornellUniversityinNewYork. RoboBrainwillmakeitpossibleforarobottoperformanyactionbyconnectingimageswithvideosandtextstoidentifyobjectsthatitisdealingwith. Forexample,ifarobotseesacoffeemugthenhis'RoboBrain'willruntheimage,connectitwiththeobjectinfrontofitseyes,informitofwhatitisandhowitisused. Source: http://zeenews.india.com
  • 28. SECTION13 (SPIRITUALITY)
  • 29. व्रत एवं पवव अगस्त सन् 2014 विक्रम संित् 2071 श्रावण शुक्ऱ पंचमी से भाद्रपद शुक्ऱ षष्ठी तक शक संित् 1936 रराष्रीय श्रावण 10 से राष्रीय भाद्रपद 9 तक हिजरी सन् 1435 शव्वाऱ 4 से जिल्काद 4 तक Source: http://www.jagran.com/spiritual/panchang-news-hindi.html 26 अगस्त नक्तव्रत पूणव, रुद्रव्रत, वीर िन्मोत्सव एवं िन्मवाचन (िैन)
  • 30. . DISCLAIMER – 1-The opinion(s) expressed by member(s) are of their own, and/ORinformation provided by member(s), the users need to verify it from their own sources. No responsibility of any sort taken by me or any member(s) or the moderator for any opinion expressed or the information posted. 2-The Information is mainly compilation of information from various sources and professional for sharing of information in core group.