Highlights of Union Budget 2015

1. Abolition of Wealth Tax.
2. Additional 2% surcharge for the super rich with income of over Rs. 1 crore.
3. Rate of corporate tax to be reduced to 25% over next four years.
4. No change in tax slabs.
5. Total exemption of up to Rs. 4,44,200 can be achieved.
6. 100% exemption for contribution to Swachch Bharat, apart from CSR.
7. Service tax increased to14 per cent.

AGRICULTURE

1. Rs. 25,000 crore for Rural Infrastructure Development Bank.
2. Rs. 5,300 crore to support Micro Irrigation Programme.
3. Farmers credit - target of 8.5 lakh crore.

INFRASTRUCTURE

1. Rs. 70,000 crores to Infrastructure sector.
2. Tax-free bonds for projects in rail road and irrigation
3. PPP model for infrastructure development to be revitalised and govt. to bear majority of the risk.
4. Atal Innovation Mission to be established to draw on expertise of entrepreneurs, and researchers to foster scientific innovations; allocation of Rs. 150 crore.
5. Govt. proposes to set up 5 ultra mega power projects, each of 4000MW.

EDUCATION

1. AIIMS in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Bihar and Assam.
2. IIT in Karnataka; Indian School of Mines in Dhanbad to be upgraded to IIT.
3. PG institute of Horticulture in Amritsar.
4. Kerala to have University of Disability Studies
5. Centre of film production, animation and gaming to come up in Arunachal Pradesh.
6. IIM for Jammu and Kashmir and Andhra Pradesh.

DEFENCE

1. Allocation of Rs. 2,46,726 crore; an increase of 9.87 per cent over last year.
2. Focus on Make in India for quick manufacturing of Defence equipment.

WELFARE SCHEMES

1. 50,000 toilets constructed under Swachh Bharath Abhiyan.
2. Two other programmes to be introduced- GST & JAM Trinity. GST will be implemented by April 2016.
3. MUDRA bank will refinance micro finance orgs. to encourage first generation SC/ST entrepreneurs.
4. Housing for all by 2020.
5. Upgradation 80,000 secondary schools.
6. DBT will be further be expanded from 1 crore to 10.3 crore.
7. For the Atal Pension Yojna, govt. will contribute 50% of the premium limited to Rs. 1000 a year.
8. New scheme for physical aids and assisted living devices for people aged over 80 .
9. Govt to use Rs. 9000 crore unclaimed funds in PPF/EPF for Senior Citizens Fund.
10. Rs. 5,000 crore additional allocation for MGNREGA.
11. Govt. to create universal social security system for all Indians.

RENEWABLE ENERGY

1. Rs. 75 crore for electric cars production.
2. Renewable energy target for 2022: 100K MW in solar; 60K MW in wind; 10K MW in biomass and 5K MW in small hydro

TOURISM

1. 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.
2. Visa on Arrival for 150 countries.

GOLD

1. Sovereign Gold Bond, as an alternative to purchasing metal gold.
2. New scheme for depositors of gold to earn interest and jewellers to obtain loans on their metal accounts.
3. 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.

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 

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.

Source

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.

K Siddhartha on loksabha TV Interview 6

K Siddhartha on loksabha TV interview

K Siddhartha DD National Interview

K. Siddhartha Chief Mentor Earth Eduvision Ensemble, Interview from Lok Prasang News Magazine

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

K Siddhartha Speech | Chief Mentor Earth Eduvision Ensemble

Sri K. Siddhartha — The Chief Mentor Earth Eduvision Ensemble