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By AnshulSinghal 
For Private Circulation only
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
Quotes of The Day
Section 1 (Market Watch)
Markets Today 
Source: http://economictimes.indiatimes.com/markets 
Stock Indices 
Particulars 
Up/Down 
Sensex 
26,995.87 
-61.54 
Nifty 
8,085.70 
-8.40 
NSE 
8047.30 
-1.20 
BSE 
3321.60 
2.30 
Gold 
26,970.00 
-209.00 
USD 
60.92 
-0.04
Section 2 (Economy Updates)
Cabinet approves disinvestment of 5% paid-up capital in ONGC 
•ThecabinetcommitteeonEconomicAffairs,chairedbyPrimeMinisterNarendraModi,hasapprovedtheDisinvestmentoffivepercentpaid-upcapitalintheOilandNaturalGasCorporationLtd.(ONGC)outofthegovernment'sshareholdingof68.94percent. 
• ItisdonethroughtheOfferforSale(OFS)methodinthedomesticmarketasperSecuritiesandExchangeBoardofIndia(SEBI)rulesandregulations. Afterthisdisinvestment,thegovernment'sshareholdinginthecompanywouldcomedownto63.94percentandfurtherbroadbasetheshareholdingofthecompany,enhancingthedisinvestmentreceipts. 
•ONGCisa"Maharatna"publicsectorundertakingundertheadministrativecontroloftheMinistryofPetroleumandNaturalGas.ItwasestablishedinAugust1956toplan,promote,organizeandimplementprogrammesfordevelopmentofpetroleumresourcesandtheproductionandsaleofpetroleumproductsbyit. Thepaid-upequitycapitalofthecompany,ason31stMarch,2014,isRs4,277crore. ThePresidentofIndiaholds68.94percentofthepaid-upcapitalinONGC 
Source: http://www.dnaindia.com
Govtmay extend excise duty concessions to auto sector 
•NewDelhi:ThegovernmentislookingattheproposalforextendingexcisedutyconcessionstotheautomobilesectorbeyondDecember, amovethatwouldprovidefurtherrelieftoautomakers. 
•“Wehavealreadydiscussedtheproposal(toextendexcisedutiesbeyondDecember)thattheincentivesprovided(totheautosector) shouldbecontinued.Thegovernmentwilltakeadecisioninthisregardattheappropriatetime,”heavyindustriesministerAnantGeetetoldreportersonthesidelinesoftheACMAconferencehere. 
•Meanwhile,governmentsourcessaidtheheavyindustryministryislikelytosendaproposaltofinanceministryregardingextensionofexcisedutyconcessiontill31March2015.Inarelieftotheautomobileandconsumerdurablesectors,thegovernmentinJunethisyearextendedtheexcisedutyconcessionbysixmonthsto31December.Theconcessionswereearliervalidtill30June. 
Source : http://www.livemint.com
ICICI Bank launches cardlesscash withdrawal services 
•ICICI Bankon Wednesday said it would allow consumers to withdraw or transfer cash without debit cards. To avail this facility, a sender has to register the recipient's name,mobilenumber and address. On receiving a six-digit reference code, the recipient can withdraw cash from the bank's ATMs within two days of the transaction. "This innovative service will further empower our customers, as well as their families and friends, by giving access to instant money, even without having a bank account or a debit card," said Rajiv Sabharwal, executive director, ICICI Bank. 
Source: http://www.business-standard.com
Section 3 (Amendments)
•CIT vs. SAP Labs Pvt. Ltd (Karnataka High Court) 
•On the day the reference was made by the AO to the TPO, there was no return pending for consideration by him and therefore, the very reference was bad. Even otherwise, the said Transfer Pricing Authority did not find fault with the adjudication of determining arms length price by the Assessing Authority. In those circumstances, the CIT committed an error in exercising his power u/s 263 and the Tribunal was justified in interfering with the said order. 
Source: http://itatonline.org/archives/ 
S. 263: TPO’s acceptance of ALP shows two views are possible & CIT has no jurisdiction to revise assessment
Source: http://www.caclubindia.com 
Service Tax
Section 4 (Seminar)
Source: http://www.nirc-icai.org/ProgMember/sem-09-09.pdf
State Agency For Development Of Handloom Cluster 
Last Date :15/09/2014Expression of interest for empanelment of CAG enlisted chartered accountant firms for providing service to SADHAC. Address:Handicraft Complex,Gandamunda,P.O.Khandagiri, Bhubaneswar- 751030Phone:0-9238102698/99Email:sadhacorissa@gmail.com 
Source: http://pdicai.org/OppDetail.aspx?MoreBtnId=oppurtunity
SECTION 6 (SPORTS UPDATE)
JWALAGUTTAWILL NOT TAKE PART IN ASIAN GAMES 
NewDelhi,Sep10(IANS)India'stopdoublesshuttlerJwalaGuttawillnotbegoingtoIncheontoparticipateintheAsianGamestobeheldfromSeptember19toOctober4,shesaidWednesday. 
"IhaveakneesprainandIhavebeenadvisedtwoweeksofrest,whichiswhyIcannotgototheAsianGames.Itwasanextremelydifficultdecisionbutyouneedtorealisethatthenexttwoyearsareveryimportant,"JwalatoldIANSWednesdayreferringtothe2016RiodeJaneiroOlympics. 
The31-year-old,however,confirmedthatthesprainisnothingtoworryaboutandsheshouldbebackonthecourtsoon. 
Source: http://www.sportskeeda.com
NewDelhi:BJPandCongresswereonthesamepageonThursdayastheyfrowneduponaproposalinBritain'sHouseofCommonstoholdadebateonthestateofhumanrightsinKashmir. 
"BritishParliament'sdecisiontodiscussKashmirissuecondemnable.CanwetakeupFalklandIslandsorScotlandissuefordiscussioninourparliament?"BJPGeneralSecretaryRamMadhavsaidinapostonmicrobloggingsitetwitter.com.CongressspokesmanAbhishekSinghvistruckasimilarnote,sayingthat,"BritishparliamentshouldfocusonScotlandratherthanKashmir.Weareabletohandleourproblem." ReportsfromLondonsaidthattheHouseofCommonswouldholdaspecialdebateontheKashmirissuetodaywiththeproposedmovehavingseriouslyirkedIndia. 
CallingtheKashmirdisputea"threat"toregionalandglobalpeace, LiberalDemocratBritishMPDavidWardinformedtheBackbenchBusinessCommitteethatthenewIndiangovernmenthasbeen"quiteaggressiveintermsofitsstancetowardsKashmir"whichwas"openingupawholenewareaofuncertainty". 
Source: http://ibnlive.in.com
Section 8 (movies updates)
Assault case: SaifAli Khan appears before Mumbai court 
•BollywoodactorSaifAliKhanappearedbeforeametropolitanmagistrate'scourthereinconnectionwiththecaserelatedtoanassault,aftertheprosecutionlasttimesoughtbailablewarrantagainsthimforremainingabsentfrequently. Thehearingwastodayadjournedtothenextweek."OnthenextdateofhearingcopyofCCTVfootage(oftheallegedincident)willbegiventoKhanandotheraccused,"saidprosecutorWajidSheikh.SaifAliKhanandhisfriendsBilalAmrohiandShakkelLadakwerearrestedafterIqbalMirSharma,anNRIbusinessman,complainedtothepolicethattheyassaultedhiminsideTajHotelonFebruary22,2012.Allthreewerelaterreleasedonbail. 
Source: http://timesofindia.indiatimes.com
Section 9 (Amazing Facts)
Amazing facts 
Bruce Lee was so fast that they actually had to slow film down so you could see his moves. 
The original name for butterfly was flutterby. 
Source: http://indianrealist.com
Section 10 (Educational)
Source: http://icai.org/ 
Guidance Note on tax Audit u/s 44AB of the Income-Tax Act, 1961 -Edition 2014
SECTION11 (WORLDNEWS)
U.N. CONFIRMSRELEASEOFPEACEKEEPERSABDUCTEDBYSYRIAREBELS 
The United Nations on Thursday confirmed the release of all 45 Fijian peacekeepers who had been held for two weeks by al Qaeda-linked militants in the Golan Heights on the Israeli-Syrian border. 
"Today at 1430 hours local time, the 45 Fijian peacekeepers who had been detained were handed to UNDOF at Position 80," the U.N. press office said in a statement. "All the 45 peacekeepers are in good condition and will proceed back to Camp Foarfor medical assessment." 
The Fijians were kidnapped last month by Islamist fighters battling the Syrian army after the militants overran a crossing point in the so-called disengagement zone that the U.N. peacekeeping mission known as UNDOF has monitored since 1974. The ceasefire line was agreed after a 1973 Arab-Israeli war. 
Source: http://www.reuters.com
SECTION12 (SCIENCEANDTECHNOLOGY)
BLACKBERRYBUYSMOVIRTUTOOFFERSEPARATEBUSINESS& PERSONALPHONENUMBERSONONEDEVICE 
BlackBerryistakinganothersteptowardkeepingusers’workandpersonallivesseparate.ItannouncedtodaytheacquisitionofMovirtu,whichprovidesmultipleidentitysolutionsonasingledevice. 
TheUK-basedMovirtuallowsforseparatebusinessandpersonalphonenumbersononeBlackBerry,iOS,orAndroiddevice, splittingbillingandprofilesbetweenapersonalandcorporateidentities.Userscanthenkeeptheirphonebillsseparateandhavedifferentnumbersfortheirdualselves.ThecapabilitywillbeofferedbyBlackBerrythroughitspartneringmobileoperators. 
“Simplyput,withtheMovirtuVirtualSIMplatform,weenableemployeestohavetwophonenumbersthatsplitsbetweencorporateandpersonaluse,”MovirtuCEOCarstenBrinkschultesaidtodayonBlackBerry’sblog.Termsofthedealwerenotmadepublic. 
Source: http://venturebeat.com
SECTION13 (SPIRITUALITY)
व्रत एवं पवव 
विक्रम संित् 2071 भाद्रपद शुक्ऱ सप्तमी से आश्ववन शुक्ऱ षष्ठी तक 
शक संित् 1936 राष्रीय भाद्रपद 10 से राष्रीय आश्ववन 8 तक 
हिजरी सन् 1435 श्िल्काद 5 से श्िऱहहज्ि 4 तक 
Source: http://www.jagran.com/spiritual/panchang-news-hindi.html 
12 ससतंबर चतुथी (चौथ) का श्राद्ध, संकष्टी श्रीगणेशचतुथी व्रत, श्रीएकदन्त चतुथी व्रत (ममथथऱांचऱ)
. 
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 professionals, for sharing of information in core group.

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Knowledge update 12 sep-14

  • 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
  • 5. Markets Today Source: http://economictimes.indiatimes.com/markets Stock Indices Particulars Up/Down Sensex 26,995.87 -61.54 Nifty 8,085.70 -8.40 NSE 8047.30 -1.20 BSE 3321.60 2.30 Gold 26,970.00 -209.00 USD 60.92 -0.04
  • 7. Cabinet approves disinvestment of 5% paid-up capital in ONGC •ThecabinetcommitteeonEconomicAffairs,chairedbyPrimeMinisterNarendraModi,hasapprovedtheDisinvestmentoffivepercentpaid-upcapitalintheOilandNaturalGasCorporationLtd.(ONGC)outofthegovernment'sshareholdingof68.94percent. • ItisdonethroughtheOfferforSale(OFS)methodinthedomesticmarketasperSecuritiesandExchangeBoardofIndia(SEBI)rulesandregulations. Afterthisdisinvestment,thegovernment'sshareholdinginthecompanywouldcomedownto63.94percentandfurtherbroadbasetheshareholdingofthecompany,enhancingthedisinvestmentreceipts. •ONGCisa"Maharatna"publicsectorundertakingundertheadministrativecontroloftheMinistryofPetroleumandNaturalGas.ItwasestablishedinAugust1956toplan,promote,organizeandimplementprogrammesfordevelopmentofpetroleumresourcesandtheproductionandsaleofpetroleumproductsbyit. Thepaid-upequitycapitalofthecompany,ason31stMarch,2014,isRs4,277crore. ThePresidentofIndiaholds68.94percentofthepaid-upcapitalinONGC Source: http://www.dnaindia.com
  • 8. Govtmay extend excise duty concessions to auto sector •NewDelhi:ThegovernmentislookingattheproposalforextendingexcisedutyconcessionstotheautomobilesectorbeyondDecember, amovethatwouldprovidefurtherrelieftoautomakers. •“Wehavealreadydiscussedtheproposal(toextendexcisedutiesbeyondDecember)thattheincentivesprovided(totheautosector) shouldbecontinued.Thegovernmentwilltakeadecisioninthisregardattheappropriatetime,”heavyindustriesministerAnantGeetetoldreportersonthesidelinesoftheACMAconferencehere. •Meanwhile,governmentsourcessaidtheheavyindustryministryislikelytosendaproposaltofinanceministryregardingextensionofexcisedutyconcessiontill31March2015.Inarelieftotheautomobileandconsumerdurablesectors,thegovernmentinJunethisyearextendedtheexcisedutyconcessionbysixmonthsto31December.Theconcessionswereearliervalidtill30June. Source : http://www.livemint.com
  • 9. ICICI Bank launches cardlesscash withdrawal services •ICICI Bankon Wednesday said it would allow consumers to withdraw or transfer cash without debit cards. To avail this facility, a sender has to register the recipient's name,mobilenumber and address. On receiving a six-digit reference code, the recipient can withdraw cash from the bank's ATMs within two days of the transaction. "This innovative service will further empower our customers, as well as their families and friends, by giving access to instant money, even without having a bank account or a debit card," said Rajiv Sabharwal, executive director, ICICI Bank. Source: http://www.business-standard.com
  • 11. •CIT vs. SAP Labs Pvt. Ltd (Karnataka High Court) •On the day the reference was made by the AO to the TPO, there was no return pending for consideration by him and therefore, the very reference was bad. Even otherwise, the said Transfer Pricing Authority did not find fault with the adjudication of determining arms length price by the Assessing Authority. In those circumstances, the CIT committed an error in exercising his power u/s 263 and the Tribunal was justified in interfering with the said order. Source: http://itatonline.org/archives/ S. 263: TPO’s acceptance of ALP shows two views are possible & CIT has no jurisdiction to revise assessment
  • 15.
  • 16. State Agency For Development Of Handloom Cluster Last Date :15/09/2014Expression of interest for empanelment of CAG enlisted chartered accountant firms for providing service to SADHAC. Address:Handicraft Complex,Gandamunda,P.O.Khandagiri, Bhubaneswar- 751030Phone:0-9238102698/99Email:sadhacorissa@gmail.com Source: http://pdicai.org/OppDetail.aspx?MoreBtnId=oppurtunity
  • 17. SECTION 6 (SPORTS UPDATE)
  • 18. JWALAGUTTAWILL NOT TAKE PART IN ASIAN GAMES NewDelhi,Sep10(IANS)India'stopdoublesshuttlerJwalaGuttawillnotbegoingtoIncheontoparticipateintheAsianGamestobeheldfromSeptember19toOctober4,shesaidWednesday. "IhaveakneesprainandIhavebeenadvisedtwoweeksofrest,whichiswhyIcannotgototheAsianGames.Itwasanextremelydifficultdecisionbutyouneedtorealisethatthenexttwoyearsareveryimportant,"JwalatoldIANSWednesdayreferringtothe2016RiodeJaneiroOlympics. The31-year-old,however,confirmedthatthesprainisnothingtoworryaboutandsheshouldbebackonthecourtsoon. Source: http://www.sportskeeda.com
  • 19.
  • 20. NewDelhi:BJPandCongresswereonthesamepageonThursdayastheyfrowneduponaproposalinBritain'sHouseofCommonstoholdadebateonthestateofhumanrightsinKashmir. "BritishParliament'sdecisiontodiscussKashmirissuecondemnable.CanwetakeupFalklandIslandsorScotlandissuefordiscussioninourparliament?"BJPGeneralSecretaryRamMadhavsaidinapostonmicrobloggingsitetwitter.com.CongressspokesmanAbhishekSinghvistruckasimilarnote,sayingthat,"BritishparliamentshouldfocusonScotlandratherthanKashmir.Weareabletohandleourproblem." ReportsfromLondonsaidthattheHouseofCommonswouldholdaspecialdebateontheKashmirissuetodaywiththeproposedmovehavingseriouslyirkedIndia. CallingtheKashmirdisputea"threat"toregionalandglobalpeace, LiberalDemocratBritishMPDavidWardinformedtheBackbenchBusinessCommitteethatthenewIndiangovernmenthasbeen"quiteaggressiveintermsofitsstancetowardsKashmir"whichwas"openingupawholenewareaofuncertainty". Source: http://ibnlive.in.com
  • 21. Section 8 (movies updates)
  • 22. Assault case: SaifAli Khan appears before Mumbai court •BollywoodactorSaifAliKhanappearedbeforeametropolitanmagistrate'scourthereinconnectionwiththecaserelatedtoanassault,aftertheprosecutionlasttimesoughtbailablewarrantagainsthimforremainingabsentfrequently. Thehearingwastodayadjournedtothenextweek."OnthenextdateofhearingcopyofCCTVfootage(oftheallegedincident)willbegiventoKhanandotheraccused,"saidprosecutorWajidSheikh.SaifAliKhanandhisfriendsBilalAmrohiandShakkelLadakwerearrestedafterIqbalMirSharma,anNRIbusinessman,complainedtothepolicethattheyassaultedhiminsideTajHotelonFebruary22,2012.Allthreewerelaterreleasedonbail. Source: http://timesofindia.indiatimes.com
  • 24. Amazing facts Bruce Lee was so fast that they actually had to slow film down so you could see his moves. The original name for butterfly was flutterby. Source: http://indianrealist.com
  • 26. Source: http://icai.org/ Guidance Note on tax Audit u/s 44AB of the Income-Tax Act, 1961 -Edition 2014
  • 28. U.N. CONFIRMSRELEASEOFPEACEKEEPERSABDUCTEDBYSYRIAREBELS The United Nations on Thursday confirmed the release of all 45 Fijian peacekeepers who had been held for two weeks by al Qaeda-linked militants in the Golan Heights on the Israeli-Syrian border. "Today at 1430 hours local time, the 45 Fijian peacekeepers who had been detained were handed to UNDOF at Position 80," the U.N. press office said in a statement. "All the 45 peacekeepers are in good condition and will proceed back to Camp Foarfor medical assessment." The Fijians were kidnapped last month by Islamist fighters battling the Syrian army after the militants overran a crossing point in the so-called disengagement zone that the U.N. peacekeeping mission known as UNDOF has monitored since 1974. The ceasefire line was agreed after a 1973 Arab-Israeli war. Source: http://www.reuters.com
  • 30. BLACKBERRYBUYSMOVIRTUTOOFFERSEPARATEBUSINESS& PERSONALPHONENUMBERSONONEDEVICE BlackBerryistakinganothersteptowardkeepingusers’workandpersonallivesseparate.ItannouncedtodaytheacquisitionofMovirtu,whichprovidesmultipleidentitysolutionsonasingledevice. TheUK-basedMovirtuallowsforseparatebusinessandpersonalphonenumbersononeBlackBerry,iOS,orAndroiddevice, splittingbillingandprofilesbetweenapersonalandcorporateidentities.Userscanthenkeeptheirphonebillsseparateandhavedifferentnumbersfortheirdualselves.ThecapabilitywillbeofferedbyBlackBerrythroughitspartneringmobileoperators. “Simplyput,withtheMovirtuVirtualSIMplatform,weenableemployeestohavetwophonenumbersthatsplitsbetweencorporateandpersonaluse,”MovirtuCEOCarstenBrinkschultesaidtodayonBlackBerry’sblog.Termsofthedealwerenotmadepublic. Source: http://venturebeat.com
  • 32. व्रत एवं पवव विक्रम संित् 2071 भाद्रपद शुक्ऱ सप्तमी से आश्ववन शुक्ऱ षष्ठी तक शक संित् 1936 राष्रीय भाद्रपद 10 से राष्रीय आश्ववन 8 तक हिजरी सन् 1435 श्िल्काद 5 से श्िऱहहज्ि 4 तक Source: http://www.jagran.com/spiritual/panchang-news-hindi.html 12 ससतंबर चतुथी (चौथ) का श्राद्ध, संकष्टी श्रीगणेशचतुथी व्रत, श्रीएकदन्त चतुथी व्रत (ममथथऱांचऱ)
  • 33. . 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 professionals, for sharing of information in core group.