In an interview with IndiaSamvad, Earth scientist K Siddhartha told that Delhi-NCR region is highly vulnerable and comes under the danger zone prone area for earthquake. National Capital falls under the zone four of the seismic zone divisions in India and hence faces the risk of suffering earthquakes of very high intensity. Delhi is situated very close to the active seismic fault lines like the Sohna fault-line and the Delhi-Haridwar fault line. If the earthquake occurs in the coming future, they have the power to cause a lot of damage to the city and the surroundings. Watch the entire interview of the scientist :
Thursday, April 30, 2015
Thursday, April 23, 2015
Wednesday, April 22, 2015
Govt retains interest rate for GPF at 8.7% for current fiscal
The government has retained the rate of interest for General Provident Fund (GPF) and other related schemes at 8.7 percent for the current fiscal.
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 The 8.7 percent interest will apply on Provident Funds of central government employees, railways and defence forces, according to the notification issued by the Finance Ministry. The rate of interest will be effective from 1st April 2015, The interest rate for GPF is in line with the interest rate fixed for Public Provident Fund (PPF) at 8.7 percent for 2015-16. The government had, however, raised the interest rates for other small saving schemes. The interest rate for senior citizens savings scheme was hiked from 9.2 percent to 9.3 percent and for Sukanya Samriddhi Account, the special deposit scheme for girl child, the interest rate has been hiked from 9.1 percent to 9.2 percent, respectively. The interest earning for Kisan Vikas Patra has been retained at 8.7 percent. | |
Nasim Zaidi takes charge as new CEC of India
Nasim Zaidi has taken over as the Chief Election Commissioner of India on Sunday 19th april 2015.
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 Nasim Zaidi said that Election Commission will come out with a long term plan for further streamlining the election process. He succeeded HS Brahma, who retired as the Chief Election Commissioner on Saturday. Zaidi will be the sole member of the three-member Election Commission, which has two vacant posts of Election Commissioners. Zaidi will have a tenure up to July, 2017. He is a 1976 batch IAS officer from Uttar Pradesh cadre. | |
Advantages of National Pension Scheme | Know About NPS
Stressing that the old age traditional support system for retired people is increasingly eroding in India, Government highlighted on the need for making National Pension System universal.
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Minister of State for Finance Jayant Sinha said that Indian equity markets are one of the most volatile markets in the world and if we will make our pension market smooth and steady, then volatility in equity market will be less and people will start investing more in stock markets. NPS was initially introduced for the central government employees joining on or after January 1, 2004. Retirement planning is often under-addressed by individuals, especially professionals. Most individuals contribute on relatively moderate provident funds but the long term products related to post retirement are not given due importance. Government came up with the National Pension System, on January 1, 2004 aiming to overcome these limitations by offering higher returns and tax benefits. NPS was made available to the centre govt employees. In 2009, it was made available to all the citizens. Later in December 2011, a customized version of NPS, Known as NPS Corporate Sector Model was introduced to facilitate the organised entities including public sector organisations. Government's NPS-corporate Model will provide a platform for the employers of corporate and public sector entities to extend the old age social security benefits to their employees. Also to co-contribute for employee’s pension, with flexibility in the amount of contribution from employee or employer. MoS Finance, Jayant Sinha reiterated government's Sabka Saath Sabka Vikas mission and added that the government is committed to extend the pension benefits to all.  Let's first understand the advantages that NPS creates for investors: Advantages of NPS : • Both Employee and Employer can avail tax benefits under the scheme. The Employee can save tax on his contribution under 80CCD(1) as well as the contribution made by employer under 80 CCD(2) Employer can also claim tax benefits for his contribution as business expenses. • The additional tax deduction of Rs.50,000 for investments done in NPS. • It would now be offered as an alternative benefit to the employees besides EPF. • It is one of the lowest cost pension schemes in the world. • It is portable i.e. can be managed and operated from any part of the country. • It offers flexibility of choice of pension fund manager. NPS is an alternative besides EPF. Under NPS, the following types of account are available: •Tier-1 Account Employee /Employer can contribute for retirement into this non-withdrawal account. •Tier-2 Account This account is a voluntary savings facility, where the subscriber can avail fund management facility at very low cost. Subscribers are free to withdraw amount from this account as per their wish. The NPS Model allow all three variations of contribution from employer and employee: •Unequal contributions by the employers and employee •Contribution from either the employer or the employee National Pension Scheme is an opportunity for all to invest for their old age and also avail the tax benefits. It also fulfills the Government's mission of providing universal social security to all. | |
Wednesday, April 15, 2015
Wednesday, March 4, 2015
Saturday, February 28, 2015
Highlights of Union Budget 2015
Highlights of Union Budget 2015
- Abolition of Wealth Tax.
- Additional 2% surcharge for the super rich with income of over Rs. 1 crore.
- Rate of corporate tax to be reduced to 25% over next four years.
- No change in tax slabs.
- Total exemption of up to Rs. 4,44,200 can be achieved.
- 100% exemption for contribution to Swachch Bharat, apart from CSR.
- Service tax increased to14 per cent.
AGRICULTURE
- Rs. 25,000 crore for Rural Infrastructure Development Bank.
- Rs. 5,300 crore to support Micro Irrigation Programme.
- Farmers credit - target of 8.5 lakh crore.
INFRASTRUCTURE
- Rs. 70,000 crores to Infrastructure sector.
- Tax-free bonds for projects in rail road and irrigation
- PPP model for infrastructure development to be revitalised and govt. to bear majority of the risk.
- Atal Innovation Mission to be established to draw on expertise of entrepreneurs, and researchers to foster scientific innovations; allocation of Rs. 150 crore.
- Govt. proposes to set up 5 ultra mega power projects, each of 4000MW.
EDUCATION
- AIIMS in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Bihar and Assam.
- IIT in Karnataka; Indian School of Mines in Dhanbad to be upgraded to IIT.
- PG institute of Horticulture in Amritsar.
- Kerala to have University of Disability Studies
- Centre of film production, animation and gaming to come up in Arunachal Pradesh.
- IIM for Jammu and Kashmir and Andhra Pradesh.
DEFENCE
- Allocation of Rs. 2,46,726 crore; an increase of 9.87 per cent over last year.
- Focus on Make in India for quick manufacturing of Defence equipment.
WELFARE SCHEMES
- 50,000 toilets constructed under Swachh Bharath Abhiyan.
- Two other programmes to be introduced- GST & JAM Trinity. GST will be implemented by April 2016.
- MUDRA bank will refinance micro finance orgs. to encourage first generation SC/ST entrepreneurs.
- Housing for all by 2020.
- Upgradation 80,000 secondary schools.
- DBT will be further be expanded from 1 crore to 10.3 crore.
- For the Atal Pension Yojna, govt. will contribute 50% of the premium limited to Rs. 1000 a year.
- New scheme for physical aids and assisted living devices for people aged over 80 .
- Govt to use Rs. 9000 crore unclaimed funds in PPF/EPF for Senior Citizens Fund.
- Rs. 5,000 crore additional allocation for MGNREGA.
- Govt. to create universal social security system for all Indians.
RENEWABLE ENERGY
- Rs. 75 crore for electric cars production.
- Renewable energy target for 2022: 100K MW in solar; 60K MW in wind; 10K MW in biomass and 5K MW in small hydro
TOURISM
- Develpoment schemes for churches and convents in old Goa; Hampi, Elephanta caves, Forests of Rajasthan, Leh palace, Varanasi , Jallianwala Bagh, Qutb Shahi tombs at Hyderabad to be under the new toursim scheme.
- Visa on Arrival for 150 countries.
GOLD
- Sovereign Gold Bond, as an alternative to purchasing metal gold.
- New scheme for depositors of gold to earn interest and jewellers to obtain loans on their metal accounts.
- To develop an Indian gold voin, which will carry the Ashok Chakra on its face, to reduce the demand for foreign coins and recycle the gold available in the country.
Tuesday, February 17, 2015
list of Padma Awardees 2015 including Former Deputy PM Advani, Amitabh , Dilip Kumar get Padma Vibhushan
Former Deputy Prime Minister and BJP veteran L K Advani, film stars Amitabh Bachchan and Dilip Kumar and Punjab Chief Minister Parkash Singh Badal are among the nine personalities who have been selected for Padma Vibhushan this year.
Twenty personalities including Constitutional expert Subhash Kashyap, lawyer Harish Salve, Microsoft Chief Bill Gates and his wife Melinda, journalists Rajat Sharma and Swapan Dasgupta will be conferred with Padma Bhushan.
Film maker Sanjay Leela Bhansali is among the 75 personalities who have been selected for Padma Shri.
The Awards are given in various disciplines including art, social work, public affairs, science and engineering, trade and industry, medicine, literature and education, and sports, every year on the occasion of Republic Day.
Below is the list of Padma Awardees 2015:
Padma Vibhushan
1. Shri L. K. Advani (Public Affairs,Gujarat)
2. Shri Amitabh Bachchan (Art, Maharashtra)
3. Shri Prakash Singh Badal (Public Affairs, Punjab)
4. Dr. D. Veerendra Heggade (Social Work, Karnataka)
5. Shri Mohammad Yusuf Khan alias Dilip Kumar (Art, Maharashtra)
6. Shri Jagadguru Ramanandacharya Swami Rambhadracharya (Others, Uttar Pradesh)
7. Prof. Malur Ramaswamy Srinivasan (Science and Engineering, Tamil Nadu)
8. Shri Kottayan K. Venugopal (Public Affairs, Delhi)
9. Shri Karim Al Hussaini Aga Khan (Foreigner) (Trade and Industry, France/UK)
Padma Bhushan
1. Shri Jahnu Barua (Art, Assam)
2. Dr. Vijay Bhatkar (Science and Engineering, Maharashtra)
3. Shri Swapan Dasgupta (Literature and Education, Delhi)
4. Swami Satyamitranand Giri (Others, Uttar Pradesh)
5. Shri N. Gopalaswami (Civil Service, Tamil Nadu)
6. Dr. Subhash C. Kashyap (Public Affairs, Delhi )
7. Dr. (Pandit) Gokulotsavji Maharaj (Art, Madhya Pradesh)
8. Dr. Ambrish Mithal (Medicine, Delhi)
9. Smt. Sudha Ragunathan (Art, Tamil Nadu)
10. Shri Harish Salve (Public Affairs, Delhi)
11. Dr. Ashok Seth (Medicine, Delhi)
12. Shri Rajat Sharma (Literature and Education, Delhi)
13. Shri Satpal (Sports, Delhi)
14. Shri Shivakumara Swami (Others, Karnataka)
15. Dr. Kharag Singh Valdiya (Science and Engineering, Karnataka)
16. Prof. Manjul Bhargava (NRI/PIO) (Science and Engineering, USA)
17. Shri David Frawley (Vamadeva) (Foreigner) (Others, USA)
18. Shri Bill Gates (Foreigner) (Social Work, USA)
19. Ms. Melinda Gates (Foreigner) (Social Work, USA)
20. Shri Saichiro Misumi (Foreigner) (Others, Japan)
Padma Shri
1. Dr. Manjula Anagani (Medicine, Telangana)
2. Shri S. Arunan (Science and Engineering, Karnataka)
3. Ms. Kanyakumari Avasarala (Art, Tamil Nadu)
4. Dr. Bettina Sharada Baumer (Literature and Education, Jammu and Kashmir)
5. Shri Naresh Bedi (Art, Delhi)
6. Shri Ashok Bhagat (Social Work, Jharkhand)
7. Shri Sanjay Leela Bhansali (Art, Maharashtra)
8. Dr. Lakshmi Nandan Bora (Literature and Education, Assam)
9. Dr. Gyan Chaturvedi (Literature and Education, Madhya Pradesh)
10. Prof. (Dr.) Yogesh Kumar Chawla (Medicine, Chandigarh)
11. Smt. Jayakumari Chikkala (Medicine, Delhi)
12. Shri Bibek Debroy (Literature and Education, Delhi)
13. Dr. Sarungbam Bimola Kumari Devi (Medicine, Manipur)
14. Dr. Ashok Gulati (Public Affairs, Delhi)
15. Dr. Randeep Guleria (Medicine, Delhi)
16. Dr. K. P. Haridas (Medicine, Kerala)
17. Shri Rahul Jain (Art, Delhi)
18. Shri Ravindra Jain (Art, Maharashtra)
19. Dr. Sunil Jogi (Literature and Education, Delhi)
20. Shri Prasoon Joshi (Art, Maharashtra)
21. Dr. Prafulla Kar (Art, Odisha)
22. Ms. Saba Anjum (Sports, Chhattisgarh)
23. Smt. Ushakiran Khan (Literature and Education, Bihar)
24. Dr. Rajesh Kotecha (Medicine, Rajasthan)
25. Prof. Alka Kriplani (Medicine, Delhi)
26. Dr. Harsh Kumar (Medicine, Delhi)
27. Shri Narayana Purushothama Mallaya (Literature and Education, Kerala)
28. Shri Lambert Mascarenhas (Literature and Education, Goa)
29. Dr. (Mrs.) Janak Palta McGilligan (Social Work, Madhya Pradesh)
30. Shri Veerendra Raj Mehta (Social Work, Delhi)
31. Shri Tarak Mehta (Art, Gujarat)
32. Shri Neil Herbert Nongkynrih (Art, Meghalaya)
33. Shri Chewang Norphel (Others, Jammu and Kashmir)
34. Shri T. V. Mohandas Pai (Trade and Industry, Karnataka)
35. Dr.Tejas Patel (Medicine, Gujarat)
36. Shri Jadav Molai Peyang (Others, Assam)
37. Smt. Bimla Poddar (Other, Uttar Pradesh)
38. Dr. N. Prabhakar (Science and Engineering, Delhi)
39. Dr. Prahalada (Science and Engineering, Maharashtra)
40. Dr. Narendra Prasad (Medicine, Bihar)
41. Shri Ram Bahadur Rai (Literature and Education, Delhi)
42. Ms. Mithali Raj (Sports, Telangana)
43. Shri P. V. Rajaraman (Civil Service, Tamil Nadu)
44. Prof. J. S. Rajput (Literature and Education, Uttar Pradesh)
45. Shri Kota Srinivasa Rao (Art, Andhra Pradesh)
46. Prof. Bimal Roy (Literature and Education, West Bengal)
47. Shri Shekhar Sen (Art, Maharashtra)
48. Shri Gunvant Shah (Literature and Education, Gujarat)
49. Shri Brahmdev Sharma (Bhaiji) (Literature and Education, Delhi)
50. Shri Manu Sharma (Literature and Education, Uttar Pradesh)
51. Prof. Yog Raj Sharma (Medicine, Delhi)
52. Shri Vasant Shastri (Science and Engineering, Karnataka)
53. Shri S. K. Shivkumar (Science and Engineering, Karnataka)
54. Ms. P. V. Sindhu (Sports, Telangana)
55. Shri Sardara Singh (Sports, Haryana)
56. Ms. Arunima Sinha (Sports, Uttar Pradesh)
57. Shri Mahesh Raj Soni (Art, Rajasthan)
58. Dr.Nikhil Tandon (Medicine, Delhi)
59. Shri H. Thegtse Rinpoche (Social Work, Arunachal Pradesh)
60. Dr.Hargovind Laxmishanker Trivedi (Medicine, Gujarat)
61. Shri Huang Baosheng (Foreigner) (Others, China)
62. Prof. Jacques Blamont (Foreigner) (Science and Engineering, France)
63. Late Shri Syedna Mohammad Burhanuddin (Posthumous) (Others, Maharashtra)
64. Shri Jean-Claude Carriere (Foreigner) (Literature and Education, France)
65. Dr. Nandrajan “Raj” Chetty (NRI/PIO) (Trade and Industry, USA)
66. Shri George L. Hart (Foreigner) (Others, USA)
67. Jagat Guru Amrta Suryananda Maha Raja (NRI/PIO) (Others, Portugal)
68. Late Shri Meetha Lal Mehta (Posthumous) (Social Work, Rajasthan)
69. Ms. Tripti Mukherjee (NRI/PIO) (Art, USA)
70. Dr. Dattatreyudu Nori (NRI/PIO) (Medicine, USA)
71. Dr. Raghu Rama Pillarisetti (NRI/PIO) (Medicine, USA)
72. Dr. Saumitra Rawat (NRI/PIO) (Medicine, UK)
73. Prof. Annette Schmiedchen (Foreigner) (Literature and Education, Germany)
74. Late Shri Pran Kumar Sharma alias Pran (Posthumous) (Art, Delhi )
75. Late Shri R. Vasudevan (Posthumous) (Civil Service, Tamil Nadu)
Source DD NEWS
Monday, February 16, 2015
What is National Income : Basic Concepts
National Income is total amount of goods and services produced within the nation during the given period say, 1 year. It is the total of factor income i.e. wages, interest, rent, profit, received by factors of production i.e. labour, capital, land and entrepreneurship of a nation.
Concepts of National Income
There are various concepts of National Income, such as GDP, GNP, NNP, NI, PI, DI, and PCI which explain the facts of economic activities.
GDP at market price: Is money value of all goods and services produced within the domestic domain with the available resources during a year.
GDP = (P*Q)
Where,
GDP = gross domestic product
P = Price of goods and services
Q= Quantity of goods and services
GDP is made up of 4 Components
consumption
investment
government expenditure
net foreign exports of a country
GDP = C+I+G+(X-M)
Where,
C=Consumption
I=Investment
G=Government expenditure
(X-M) =Export minus import
Gross National Product (GNP): Is market value of final goods and services produced in a year by the residents of the country within the domestic territory as well as abroad. GNP is the value of goods and services that the country's citizens produce regardless of their location.
GNP=GDP+NFIA or,
GNP=C+I+G+(X-M) +NFIA
Where,
C=Consumption
I=Investment
G=Government expenditure
(X-M) =Export minus import
NFIA= Net factor income from abroad.
Net National Product (NNP) at MP: Is market value of net output of final goods and services produced by an economy during a year and net factor income from abroad.
NNP=GNP-Depreciation
or, NNP=C+I+G+(X-M) +NFIA- IT-Depreciation
Where,
C=Consumption
I=Investment
G=Government expenditure
(X-M) =Export minus import
NFIA= Net factor income from abroad.
IT= Indirect Taxes
National Income (NI): Is also known as National Income at factor cost which means total income earned by resources for their contribution of land, labour, capital and organisational ability. Hence, the sum of the income received by factors of production in the form of rent, wages, interest and profit is called National Income.
Symbolically,
NI=NNP +Subsidies-Interest Taxes
or, GNP-Depreciation +Subsidies-Indirect Taxes
or, NI=C+G+I+(X-M) +NFIA-Depreciation-Indirect Taxes +Subsidies
Personal Income (PI): Is the total money income received by individuals and households of a country from all possible sources before direct taxes. Therefore, personal income can be expressed as follows:
PI=NI-Corporate Income Taxes-Undistributed Corporate Profits- Social Security Contribution +Transfer Payments.
Disposable Income (DI) : It is the income left with the individuals after the payment of direct taxes from personal income. It is the actual income left for disposal or that can be spent for consumption by individuals.
Thus, it can be expressed as:
DI=PI-Direct Taxes
Per Capita Income (PCI): Is calculated by dividing the national income of the country by the total population of a country.
Thus, PCI=Total National Income/Total National Population
Measurement of National Income
There are three methods to calculate National Income:
Income Method
Product/ Value Added Method
Expenditure Method
INCOME METHOD
In this National Income is measured as flow of income.
We can calculate NI as:
NET NATIONAL INCOME = Compensation of Employees+ Operating surplus mixed (w +R +P +I) + Net income + Net factor income from abroad.
Where,
W = Wages and salaries
R = Rental Income
P = Profit
I = Mixed Income
Product/ Value Added Method
In this National Income is measured as flow of goods and services.
We can calculate NI as:
NATIONAL INCOME = G.N.P – COST OF CAPITAL – DEPRECIATION – INDIRECT TAXES
Expenditure Method
In this National Income is measured as flow of expenditure.
We can calculate NI through Expenditure method as:
National Income=National Product=National Expenditure.
Friday, February 13, 2015
Girls’ Scholarship Test at Patna Women College
Talent Search Examination through Earth Eduvision Ensemble.
EEE has conducted Girls’ Scholarship Test at Patna Women College.There were 290 students in total appeared for the test.
EEE has conducted Girls’ Scholarship Test at Patna Women College.There were 290 students in total appeared for the test.
Wednesday, February 11, 2015
Friday, February 6, 2015
Wednesday, February 4, 2015
Global Action Plan for the Prevention and Control of NCDs 2013-2020
Noncommunicable diseases (NCDs) – mainly cardiovascular diseases, cancers, chronic respiratory diseases and diabetes – are the biggest cause of death worldwide. More than 36 million die annually from NCDs (63% of global deaths), including 14 million people who die too young before the age of 70. More than 90% of these premature deaths from NCDs occur in low- and middle-income countries, and could have largely been prevented. Most premature deaths are linked to common risk factors, namely tobacco use, unhealthy diet, physical inactivity and harmful use of alcohol.
To strengthen national efforts to address the burden of NCDs, the 66th World Health Assembly endorsed the WHO Global Action Plan for the Prevention and Control of NCDs 2013-2020 (resolution WHA66.10). The global action plan offers a paradigm shift by providing a road map and a menu of policy options for Member States, WHO, other UN organizations and intergovernmental organizations, NGOs and the private sector which, when implemented collectively between 2013 and 2020, will attain 9 voluntary global targets, including that of a 25% relative reduction in premature mortality from NCDs by 2025.
The WHO Global NCD Action Plan 2013-2020 follows on from commitments made by Heads of State and Government in the United Nations Political Declaration on the Prevention and Control of NCDs (resolution A/RES/66/2), recognizing the primary role and responsibility of Governments in responding to the challenge of NCDs and the important role of international cooperation to support national efforts. Source
Saturday, January 24, 2015
Friday, January 23, 2015
warm greetings on the Auspicious occasion of Basant Panchami
Spring is in air, Fresh blossoms everywhere. Sending you our warm greetings on the Auspicious occasion of #BasantPanchami
Wednesday, January 21, 2015
JD वूमेंस कॉलेज में प्रतिभा खोज परीक्षा का आयोजित किया गया
EARTH EDUVISION ENSEMBLE के तत्वाधान में मंगलवार को बिहार की राजधानी पटना में JD वूमेंस कॉलेज में प्रतिभा खोज परीक्षा का आयोजित किया गया । परीक्षा में काफी संख्या में लड़कियों ने भाग लिया । इस पावन अवसर पर कॉलेज की प्राचार्य डा सुभाष प्रसाद सिन्हा जी ने Earth Eduvision Ensemble के प्रयास की सराहना की ।
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