1. www.csrajivbajaj.com
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THOUGHT OF THE DAY
“Big thinking precedes great achievement…!”
Law Updates:
NITI Aayog: PM Narendra Modi appoints 10 members, Arvind Panagariya,
a free-market economist who teaches at Columbia University in the US,
was appointed on Monday as the first Vice Chairman of the newly-created
NITI Aayog along with six members and three special invitees.
Govt. notifies certain institutions and their eligible schemes for the
purpose of deduction under Sec. 35AC.
CBDT to soon clarify transfer pricing issue in Vodafone case. Assuming a
non-combative approach, the Central Board of Direct Tax (CBDT) will
soon issue a clarification to the transfer pricing division about making
adjustments for the shares issued by Vodafone India to Vodafone
Mauritius for the assessment year 2011-12
PROFESSIONALS INPUTS:
Notification No- 01/2015-Customs-Tariff dated 5th of January, 2015 issued
by CBEC Seeks to amend Notification No. 10/2008-Customs, dated the
15th January, 2008
Notification No. 01 /2015-Customs (ADD) dated 5th January, 2015 issued
by CBEC regarding Anti dumping duty on imports of Synchronous Digital
Hierarchy transmission equipment, originated in or exported, from China
PR and Israel falling under sub-heading 851762 or 8517 70.
ICAI has extended the last date for complying with the CPE hours
requirement for the Calendar Year 2014 from 31st December, 2014 to 31st
March, 2015.
Ties between former partners NTT DoCoMo and Tata Sons seem to have
touched a new low, with the Japanese company threatening to foreclose
Tata Sons’ assets if the Tatas fail to honour a commitment to buy back its
26.5 per cent stake in Tata Teleservices. On Saturday, DoCoMo moved the
London Court of International Arbitration against Tata Sons for failure to
honour the buy-back agreement.
MARKET WATCH:
SENSEX: 27282.92 -559.40 NIFTY: 8214.00 -164.40
SILVER:37125.00 890.00 GOLD (MCX): 27096.00 58.00
USD/INR: 63.38 -0.05 CRUDE OIL: 3224.00 -167.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 6th January, 2015
2. www.csrajivbajaj.com
Anil Agarwal,
Vedanta
“From A Scrap Metal Dealer In Mumbai To Founder Of One Of The Largest Metals
Mining Group In The World In The Space Of Two Decades, His Journey Is Quite
Inspiring”, Aroon Puri, Editorial, September 10, 2010”
Brief History:
In India Today’s 50 Power People Power List 2011 High and Mighty, he has achieved the No. 28 position, new to
their annual lists as Metal Magnet. Vedanta has emerged as India’s most powerful commodities firm, with
interest in nonferrous metals such as copper, aluminum, zinc, steel and crude oil with a market capitalization of
Rs.19,000 crore! The “beauty” of the entrepreneur is that he has pledged 75 per cent of his wealth to charity.
Anil is currently India’s 12th richest, and No. 154 with $6.4 on Forbes, The Richest People on Earth. Born in
Patna, to a small businessman, finished his matriculation, pure vegetarian, married, two children. His first
pleasure of life was when his father bought him a bicycle and later graduated to a Vespa scooter. Now, he lives in
a Mansion in Mayfair, London, and is driven around in a Bentley. Bhagwanjee – from a bicycle to own jet in two
to three decades! He is a Hare Krishna Bhakt and learnt his English on his way going up and up and away. In
his entrepreneurial journey, he picked up Balco and Hindustan Zinc, PSUs. In 2006, he pledged $1 billion to set
up the Vedanta University. He spends 20% of his time on philanthropy, in the footsteps of American
industrialists – like Ford, Rockefellers, Bill Gates and so on. His may be only baby steps now but he believes in
distributing his earnings back to society. And age is on his side, as he has 20 to 30 more years to go.
About him, I can say confidently that his success is due to a fact which knowingly or unknowing he followed
what Dwight Eisenhower, former US President said, “Leadership is the art of getting someone else to do
something you want done because he wants to do it”.
Success Mantras !!!
• Motivate people to do what they want to do
• Give back to society
• Dream big
