एक
चार छह बीघे का मालिक किसान. जमीन अधिग्रहण में वह चली जाती है. वह विरोध
करता है. वह कहता है कि मुझे मेरी संपत्ति चाहिए. बाकी कुछ नहीं. उसकी कोई
नहीं सुनता. वह विरोध में मुआवजा लेने से मना करता है. कोई ध्यान नहीं
देता. उसका विरोध निष्प्रभावी रहता है. वह उकता कर आत्महत्या कर लेता है.
पेड़ से लटककर. उसके तीन बच्चे और पत्नी अनाथ हो जाते हैं. अधिकारी कहते
हैं कि अभी भी उसके पास एक बीघा खेत बचा था. उसे
मुआवजा भी दिया गया था. उसने नहीं लिया तो उसकी गलती है. उसकी आत्महत्या
एक साइकिल एक्सीडेंट से भी कम महत्व पाती है. यह वही देश है जहां साठ फीसदी
लोग खेती पर निर्भर हैं. लेकिन एक किसान का पेड़ से लटक जाना किसी को असहज
नहीं करता. लेकिन एक फोकट का सेलिब्रिटी अपनी अमीरी से मर जाता है तो लोग
आरआईपी लिखकर नौटंकी करते हैं. मौत सबकी मौत है लेकिन यहां मौत पर भी महत्व
बाजार के आधार पर मिलता है. क्या आपको मालूम है कि यहां की कृषि नीतियों,
बैंक कर्ज और खेती पर कंपनी राज ने पांच साल में करीब पांच लाख किसान लील
लिए हैं? नहीं. क्योंकि पांच लाख किसानों की मौतें एक सस्ते सेलिब्रिटी की
मौत से सस्ती हैं. किसानों का खुदकुशी कर लेना साइकिल एक्सीडेंट जैसा है
जिनमें सभ्याताओं का ध्वंस छुपा है.
Friday, July 18, 2014
Thursday, July 10, 2014
Tax Slab 2014-2015 For individual resident aged below 60 Years
Individual resident aged below 60 years (i.e. born on or after 1st April 1954) or any NRI / HUF / AOP / BOI / AJP*
Income Tax :Calculate Tax Liability for AY 2014-15| Income Slabs | Tax Rates | |
|---|---|---|
| i. | Where the total income does not exceed Rs. 2,00,000/-. | NIL |
| ii. | Where the total income exceeds Rs. 2,00,000/- but does not exceed Rs. 5,00,000/-. | 10% of amount by which the total income exceeds Rs. 2,00,000/-. Less** : Tax Credit - 10% of taxable income upto a maximum of Rs. 2000/-. |
| iii. | Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-. | Rs. 30,000/- + 20% of the amount by which the total income exceeds Rs. 5,00,000/-. |
| iv. | Where the total income exceeds Rs. 10,00,000/-. | Rs. 130,000/- + 30% of the amount by which the total income exceeds Rs. 10,00,000/-. |
Union Budget 2014: Pay less for TVs and shoes, more for cold drinks and cigarettes
Propose increase in excise duty on tobacco products, and aerated water products with added sugar: Jaitley.
Tax proposals on indirect tax front would yield Rs.7,525 cr: FM.
To broaden tax base, negative list for service tax has been reviewed: FM.
FM announces measures to encourage manufacture of LCD/LED panels of TVs.
FM announces measures to boost domestic manufacturing sector; says the sector has been under stress.
Tax proposals on indirect tax front would yield Rs.7,525 cr: FM.
To broaden tax base, negative list for service tax has been reviewed: FM.
FM announces measures to encourage manufacture of LCD/LED panels of TVs.
FM announces measures to boost domestic manufacturing sector; says the sector has been under stress.
Wednesday, July 9, 2014
Poem
“He has achieved success who has lived well, laughed often, and loved much;
Who has enjoyed the trust of pure women, the respect of intelligent men and the love of little children;
Who has filled his niche and accomplished his task;
Who has never lacked appreciation of Earth's beauty or failed to express it;
Who has left the world better than he found it,
Whether an improved poppy, a perfect poem, or a rescued soul;
Who has always looked for the best in others and given them the best he had;
Whose life was an inspiration;
Whose memory a benediction.”
Who has enjoyed the trust of pure women, the respect of intelligent men and the love of little children;
Who has filled his niche and accomplished his task;
Who has never lacked appreciation of Earth's beauty or failed to express it;
Who has left the world better than he found it,
Whether an improved poppy, a perfect poem, or a rescued soul;
Who has always looked for the best in others and given them the best he had;
Whose life was an inspiration;
Whose memory a benediction.”
Tuesday, July 8, 2014
What big data analytics achieve in world of risk
Aon
spends $250 million (£147 million) every year on data and analytics in the risk space alone.
Everything we seek to do at Aon is to improve risk, reduce risk and help
put our insured clients in a strong position when either retaining risk or
placing risk. The ultimate goal for us is improving risk profiles and better
assessing how we and our insurance partners approach risk.
Modernisation
Getting the right data analytics is easier said than done. This is a 325-year-old industry, and in many respects, has been fairly set in its ways compared to other parts of financial services.
In terms of how it approaches information, the insurance sector has often relied on a combination of bespoke deals for large underwriting, and different types of individual and event risk profiling for commodity insurance. Both are reliant on the expertise and experience of underwriters and brokers.
However, the big problem with the way things have been done is that decisions are based primarily on historic data, rather than predictive market trends and analytics.
Our solution
Aon has become much smarter about data in recent years, focusing on advanced analytics, which show in real time what is happening in the marketplace. We run a global centre for innovation and analytics, established in Ireland in 2008, as well as a newer centre in Singapore.
We have also established what we call the Global Risk Insights Platform (GRIP), which is the world's largest proprietary database of insurance placement data. This system takes billing data from our annual premium flow of over $80 billion of insurance, coupled with quotation data brokered by over 6,500 personnel around the world, in order to provide clients and underwriters with key trends and data analysis at their fingertips.
The reason for doing this is that the insurance marketplace is very fluid. Insurers often want to have a clearer picture of the risk they are underwriting and having the right data helps them to sharpen their risk appetite. Analytics is really able to help in a post-financial crash environment in which companies have to focus hard on cutting costs yet simultaneously wish to improve their risk profile.
Our investment in data and analytics also supports our global risk consulting business, in which we advise our customers, across a wide range of industries, to determine how they can reduce risk. For this, we work with our own advanced risk experts as well as drawing on our risk profiling systems.
The data challenge
The difficulty with excelling in the analytics business is that it requires different types of talent with different skillsets. As an example, we need the highest skilled data scientists in our global analytic centres.
This inevitably puts us in a talent competition directly against other local businesses that rely heavily on analytics, such as betting firm Paddy Power. It also positions us against locally based technology companies such as Google and Apple. We based the first centre in Ireland, because we already had a strong business there, and there was a high quality pool of technical and analytical talent available following the problems of the economic crash.
Modernisation
Getting the right data analytics is easier said than done. This is a 325-year-old industry, and in many respects, has been fairly set in its ways compared to other parts of financial services.
In terms of how it approaches information, the insurance sector has often relied on a combination of bespoke deals for large underwriting, and different types of individual and event risk profiling for commodity insurance. Both are reliant on the expertise and experience of underwriters and brokers.
However, the big problem with the way things have been done is that decisions are based primarily on historic data, rather than predictive market trends and analytics.
Our solution
Aon has become much smarter about data in recent years, focusing on advanced analytics, which show in real time what is happening in the marketplace. We run a global centre for innovation and analytics, established in Ireland in 2008, as well as a newer centre in Singapore.
We have also established what we call the Global Risk Insights Platform (GRIP), which is the world's largest proprietary database of insurance placement data. This system takes billing data from our annual premium flow of over $80 billion of insurance, coupled with quotation data brokered by over 6,500 personnel around the world, in order to provide clients and underwriters with key trends and data analysis at their fingertips.
The reason for doing this is that the insurance marketplace is very fluid. Insurers often want to have a clearer picture of the risk they are underwriting and having the right data helps them to sharpen their risk appetite. Analytics is really able to help in a post-financial crash environment in which companies have to focus hard on cutting costs yet simultaneously wish to improve their risk profile.
Our investment in data and analytics also supports our global risk consulting business, in which we advise our customers, across a wide range of industries, to determine how they can reduce risk. For this, we work with our own advanced risk experts as well as drawing on our risk profiling systems.
The data challenge
The difficulty with excelling in the analytics business is that it requires different types of talent with different skillsets. As an example, we need the highest skilled data scientists in our global analytic centres.
This inevitably puts us in a talent competition directly against other local businesses that rely heavily on analytics, such as betting firm Paddy Power. It also positions us against locally based technology companies such as Google and Apple. We based the first centre in Ireland, because we already had a strong business there, and there was a high quality pool of technical and analytical talent available following the problems of the economic crash.
The future of risk management
At Aon we continually convert data into valuable insight for clients to help them understand new and emerging risks which they may not have considered.
As new risks emerge and technology companies become far faster in highlighting those risks, the insurance industry absolutely has to travel ahead of the curve. A great example is a flu outbreak in the US: while the main authorities took several days to understand the problems, Google had created a map within a day, based on where people were searching for flu vaccines.
A similar challenge in keeping ahead could emerge in cyber security. Few people really understand the risks, and insurers have trouble underwriting it. It is very conceivable that young technology experts will soon be employed as key advisers to businesses, so that those firms can properly understand the risk. Insurers will also need to gain a similar understanding of this area.
The growth of technology, and emerging opportunities and risks, are the new dimensions in which the insurance industry needs to consider. There is a great potential to do better to analyse risk for businesses and improve how we help business. It will be the next steps we take, with technology, data analytics and expertise, that will make all the difference
At Aon we continually convert data into valuable insight for clients to help them understand new and emerging risks which they may not have considered.
As new risks emerge and technology companies become far faster in highlighting those risks, the insurance industry absolutely has to travel ahead of the curve. A great example is a flu outbreak in the US: while the main authorities took several days to understand the problems, Google had created a map within a day, based on where people were searching for flu vaccines.
A similar challenge in keeping ahead could emerge in cyber security. Few people really understand the risks, and insurers have trouble underwriting it. It is very conceivable that young technology experts will soon be employed as key advisers to businesses, so that those firms can properly understand the risk. Insurers will also need to gain a similar understanding of this area.
The growth of technology, and emerging opportunities and risks, are the new dimensions in which the insurance industry needs to consider. There is a great potential to do better to analyse risk for businesses and improve how we help business. It will be the next steps we take, with technology, data analytics and expertise, that will make all the difference
Tomorrow's Budget Will Test Government's Commitment to Reforms
Prime Minister Narendra Modi's new government presents its
inaugural budget tomorrow in the first substantive test of whether it
will deliver on ambitious promises to revive stalled economic growth.
The PM has warned "bitter medicine" is needed to heal Asia's third-largest economy and improve battered government finances. Expectations of bold policies have been sky high, with the Sensex stock index in Mumbai hitting a series of record highs in the past several weeks. But the prospect of reduced harvests this year due to weak monsoon rains may forestall immediate cuts to fiscally ruinous subsidies for fuel, food and fertilizer.
The BJP swept into power in May after the most decisive election victory India has witnessed in three decades, ousting the coalition led by the Congress party. Voters were fed up with Congress' failure to curb runaway inflation and the wilting of growth rates to below 5 percent.
"I don't think we are going to see something that is completely path-breaking and transformational," said Anjalika Bardalai, an India analyst for the Eurasia Group. "But I do think there will be enough in the budget that is going to be perceived as business friendly and good for the economy."
India's economic growth has slowed to less than 5 percent for the last two years after a decade of expanding by an average of 8 percent, which is the minimum the government says is necessary to provide jobs for the 13 million young Indians who enter the workforce each year.
Big spending on subsidies has limited the government's ability to use its budget to make productive investments that could boost the economy's productivity in the long run. A chronic current account deficit has contributed to weakness in India's currency, worsening consumer inflation that has touched double digits in the last year.
The BJP campaign promised pro-business policies similar to those in the Gujarat state where Mr Modi was chief minister for years and focused on clearing obstacles to building roads and other infrastructure and offering incentives for large-scale investment.
Critics accuse Mr Modi of promoting a more free-wheeling capitalism with less of a social safety net, but the overwhelming victory in May indicated Indian voters, especially the young, are more concerned with the faltering economy.
Finance Minister Arun Jaitley's budget speech on Thursday may go beyond traditional subjects like spending priorities and deficit-reduction targets and also touch on at least broad outlines of policies such as a more selling off state-owned industries, tax reform and allowing more foreign investment in key industries.
Government steel, coal and petroleum companies are seen as prime targets for sale, which would replenish the government's coffers and help to make inefficient industries more productive. Mr Jaitley could also announce increases in caps on foreign direct investment in areas including defence and e-commerce.
Still, inflation and the high price of oil, India's biggest import, will make it difficult to reduce the fiscal deficit that is a both a symptom and a cause of many of the country's economy woes.
Many of the measures the government sees as ultimately necessary to curb the deficit are likely to be deeply unpopular.
One of the government's first acts when it took office was to raise rail passenger fares, an unpopular move that was partially rolled back after a public outcry.
Tens of millions of Indians have become accustomed to subsidized food, fuel and fertilizer that cost the government some $40 billion per year. The ruling BJP would like to redirect that spending to areas such as building roads, railways and power plants, but any cut in social spending could provoke a backlash.
The PM has warned "bitter medicine" is needed to heal Asia's third-largest economy and improve battered government finances. Expectations of bold policies have been sky high, with the Sensex stock index in Mumbai hitting a series of record highs in the past several weeks. But the prospect of reduced harvests this year due to weak monsoon rains may forestall immediate cuts to fiscally ruinous subsidies for fuel, food and fertilizer.
The BJP swept into power in May after the most decisive election victory India has witnessed in three decades, ousting the coalition led by the Congress party. Voters were fed up with Congress' failure to curb runaway inflation and the wilting of growth rates to below 5 percent.
"I don't think we are going to see something that is completely path-breaking and transformational," said Anjalika Bardalai, an India analyst for the Eurasia Group. "But I do think there will be enough in the budget that is going to be perceived as business friendly and good for the economy."
India's economic growth has slowed to less than 5 percent for the last two years after a decade of expanding by an average of 8 percent, which is the minimum the government says is necessary to provide jobs for the 13 million young Indians who enter the workforce each year.
Big spending on subsidies has limited the government's ability to use its budget to make productive investments that could boost the economy's productivity in the long run. A chronic current account deficit has contributed to weakness in India's currency, worsening consumer inflation that has touched double digits in the last year.
The BJP campaign promised pro-business policies similar to those in the Gujarat state where Mr Modi was chief minister for years and focused on clearing obstacles to building roads and other infrastructure and offering incentives for large-scale investment.
Critics accuse Mr Modi of promoting a more free-wheeling capitalism with less of a social safety net, but the overwhelming victory in May indicated Indian voters, especially the young, are more concerned with the faltering economy.
Finance Minister Arun Jaitley's budget speech on Thursday may go beyond traditional subjects like spending priorities and deficit-reduction targets and also touch on at least broad outlines of policies such as a more selling off state-owned industries, tax reform and allowing more foreign investment in key industries.
Government steel, coal and petroleum companies are seen as prime targets for sale, which would replenish the government's coffers and help to make inefficient industries more productive. Mr Jaitley could also announce increases in caps on foreign direct investment in areas including defence and e-commerce.
Still, inflation and the high price of oil, India's biggest import, will make it difficult to reduce the fiscal deficit that is a both a symptom and a cause of many of the country's economy woes.
Many of the measures the government sees as ultimately necessary to curb the deficit are likely to be deeply unpopular.
One of the government's first acts when it took office was to raise rail passenger fares, an unpopular move that was partially rolled back after a public outcry.
Tens of millions of Indians have become accustomed to subsidized food, fuel and fertilizer that cost the government some $40 billion per year. The ruling BJP would like to redirect that spending to areas such as building roads, railways and power plants, but any cut in social spending could provoke a backlash.
Subscribe to:
Posts (Atom)