Friday, March 13, 2009
Thursday, March 12, 2009
Bangalore Youth with a mission
Bangalore, March 12 (IANS) A group of youth from Bangalore will approach corporate houses to finance plans to provide permanent shelters to over 3,000 people living in relief camps in Bihar's Madhepura and Araria districts that were hit by killer floods last August.
The group of five, which includes two students, returned here earlier after spending two months in the relief camps of Madhepura and Araria. They belong to the Jan Sahyog Foundation set up in 2001 by Aley Rasool, a retired professor from Katihar, Bihar. This was their third trip to the two districts.
'During our stay of around two months in the two districts of Bihar, one thing that hit us the most was that the make-shift shelters lack basic facilities for human habitation, for especially women and children,' said Shah Faisal, a final year student of M.S. Ramaiah Institute of Technology, Bangalore.
'No matter how much we try to provide succor to the victims by distributing food and clothing, unless they get a permanent roof over their heads their agonies are far from over,' Shah added.
Other members of the group are Karthik Singraju, Abdul Mobeen, Naveen R - studying in Bangalore Institute of Technology - and Sonali Kusum, a student of National Law School of India University in Bangalore.
'During our next visit to Bihar, by May, we plan to arrange for permanent homes for 3,000 flood victims in Araria and Madhepura,' Kusum told IANS.
The five had gone to Araria and Madhepura, two of the worst affected districts, immediately after the August floods to help in relief operations. Their second trip was in Janauary.
The floods were caused by a breach in the Kosi embankment near the India-Nepal border. The river changed course and inundated vast areas in northern Bihar, affecting an estimated 2.3 million people.
'Most of the inhabitants of the makeshift camps are children and women. The camps have no proper toilets and kitchens,' Naveen pointed out.
'Arranging permanent shelter for 3,000 people is no joke. We will need huge funds and we plan to arrange that from corporate houses,' Faisal said.
During the third visit, the group distributed 700 new blankets, jackets, sweaters and other warm clothes to the inmates of the relief camps. Medicines worth Rs. 100,000 were also distributed, Faisal said.
Courtesy: Yahoo! News
The group of five, which includes two students, returned here earlier after spending two months in the relief camps of Madhepura and Araria. They belong to the Jan Sahyog Foundation set up in 2001 by Aley Rasool, a retired professor from Katihar, Bihar. This was their third trip to the two districts.
'During our stay of around two months in the two districts of Bihar, one thing that hit us the most was that the make-shift shelters lack basic facilities for human habitation, for especially women and children,' said Shah Faisal, a final year student of M.S. Ramaiah Institute of Technology, Bangalore.
'No matter how much we try to provide succor to the victims by distributing food and clothing, unless they get a permanent roof over their heads their agonies are far from over,' Shah added.
Other members of the group are Karthik Singraju, Abdul Mobeen, Naveen R - studying in Bangalore Institute of Technology - and Sonali Kusum, a student of National Law School of India University in Bangalore.
'During our next visit to Bihar, by May, we plan to arrange for permanent homes for 3,000 flood victims in Araria and Madhepura,' Kusum told IANS.
The five had gone to Araria and Madhepura, two of the worst affected districts, immediately after the August floods to help in relief operations. Their second trip was in Janauary.
The floods were caused by a breach in the Kosi embankment near the India-Nepal border. The river changed course and inundated vast areas in northern Bihar, affecting an estimated 2.3 million people.
'Most of the inhabitants of the makeshift camps are children and women. The camps have no proper toilets and kitchens,' Naveen pointed out.
'Arranging permanent shelter for 3,000 people is no joke. We will need huge funds and we plan to arrange that from corporate houses,' Faisal said.
During the third visit, the group distributed 700 new blankets, jackets, sweaters and other warm clothes to the inmates of the relief camps. Medicines worth Rs. 100,000 were also distributed, Faisal said.
Courtesy: Yahoo! News
Tuesday, March 3, 2009
Videos of Srilankan team attacked. Murder of Sportsmanship
Gruesome murder of sportsmanship
In a firing in area around Liberty Market near Gaddafi stadium in Lahore, Pakistan, six Sri Lankan cricket players have been injured.
Meanwhile, five policemen have been killed in firing between police and unidentified gunmen.
The entire area around Liberty market has been cordoned off.
Monday, March 2, 2009
Jai Ho - A new mantra for the world?
Once, solar consultant Jaideep Malviya would start his official mails and letters with 'Dear Sir' and end them with 'Yours Sincerely'. Now, he has replaced both standard expressions with one: Jai Ho.
It was destiny, it seems, that Slumdog Millionaire's award-winning song would become an anthem. Corporate executives so smitten by the words that they are now using Jai Ho as salutation and valediction in their e-mails. What's more, the term has captivated even international clients.
"After the movie's success, most of my international clients started using Jai Ho in the valediction. Since the Oscars, almost every mail I got from my international clients had Jai Ho either as salutation or valediction," says Malviya.
One of his clients, Nigel Cotton of Germany, wrote that the only thing he wanted to see after the Taj Mahal when in India was Slumdog Millionaire in an Indian theatre; all he would want to carry back was a DVD with the song Jai Ho on it.
"Namaste was very common, until Jai Ho took over. It's very emotional to get such letters. No matter how different that person is, you automatically relate to him if he uses your language. Moreover, after eight Oscars, the words have a sense of pride associated with them," says Malviya.
Dutchmen Edwin Koot and Johan Trip, now in Pune, are other Jai Ho fans who use the words in all their letters. Trip took his family to watch the movie back home and now prefers to write Jai Ho in every mail to his colleagues or friends, irrespective of their nationality.
Roger Little, CEO of Spire Corporation, US, who has a special liking for India and keeps visiting Pune for business, found it appropriate to replace 'Hi' with Jai Ho in his e-mails and says it's been well accepted.
In India, of course, the youth have almost declared Jai Ho as their anthem. Diwesh Diwakar, manager of Quadrangle (naukri.com), did not lose a day in starting the trend in his office. He calls it the root effect.
"In villages of Bihar, people still wish each other by saying Jai Ho, and thanks to the song the expression is universal now. By using it I also feel nearer my roots as I hail from Bihar. Moreover, my colleagues also liked it and now we have a Jai Ho team in office," Diwakar said.
"The song is full of life and it reflects youth. I got a mail from my sister from Canada congratulating us on the Oscars win and she concluded the mail with Jai Ho. Since then I have been using the expression in all my mail. Even over the phone or in person, we greet each other with Jai Ho," says Harshit Verma, a student.
Ankit Shah, another student, sets his signature as Jai Ho in his e-mails. "Irrespective of whether the mail is personal or official, I put my signature, Jai Ho, in all my e-mails. I feel the expression is worth celebrating and sharing," says Shah. Jai Ho indeed.
Courtesy: Yahoo! News
It was destiny, it seems, that Slumdog Millionaire's award-winning song would become an anthem. Corporate executives so smitten by the words that they are now using Jai Ho as salutation and valediction in their e-mails. What's more, the term has captivated even international clients.
"After the movie's success, most of my international clients started using Jai Ho in the valediction. Since the Oscars, almost every mail I got from my international clients had Jai Ho either as salutation or valediction," says Malviya.
One of his clients, Nigel Cotton of Germany, wrote that the only thing he wanted to see after the Taj Mahal when in India was Slumdog Millionaire in an Indian theatre; all he would want to carry back was a DVD with the song Jai Ho on it.
"Namaste was very common, until Jai Ho took over. It's very emotional to get such letters. No matter how different that person is, you automatically relate to him if he uses your language. Moreover, after eight Oscars, the words have a sense of pride associated with them," says Malviya.
Dutchmen Edwin Koot and Johan Trip, now in Pune, are other Jai Ho fans who use the words in all their letters. Trip took his family to watch the movie back home and now prefers to write Jai Ho in every mail to his colleagues or friends, irrespective of their nationality.
Roger Little, CEO of Spire Corporation, US, who has a special liking for India and keeps visiting Pune for business, found it appropriate to replace 'Hi' with Jai Ho in his e-mails and says it's been well accepted.
In India, of course, the youth have almost declared Jai Ho as their anthem. Diwesh Diwakar, manager of Quadrangle (naukri.com), did not lose a day in starting the trend in his office. He calls it the root effect.
"In villages of Bihar, people still wish each other by saying Jai Ho, and thanks to the song the expression is universal now. By using it I also feel nearer my roots as I hail from Bihar. Moreover, my colleagues also liked it and now we have a Jai Ho team in office," Diwakar said.
"The song is full of life and it reflects youth. I got a mail from my sister from Canada congratulating us on the Oscars win and she concluded the mail with Jai Ho. Since then I have been using the expression in all my mail. Even over the phone or in person, we greet each other with Jai Ho," says Harshit Verma, a student.
Ankit Shah, another student, sets his signature as Jai Ho in his e-mails. "Irrespective of whether the mail is personal or official, I put my signature, Jai Ho, in all my e-mails. I feel the expression is worth celebrating and sharing," says Shah. Jai Ho indeed.
Courtesy: Yahoo! News
Saturday, February 28, 2009
Loans That Save Tax
Loans Can Save Tax !
This time of the year, we all are on the look out for means and ways to save that amount of money which gets deducted as tax. But if we have planned ourselves well during the year these three months should not be a burden. There are various investments which one can make to get a tax rebate. Let us look at how loans can help us save tax. Yes, although a loan is termed as a liability one can still avail the benefits from a loan.
Let us see how…Most of us would own a home and to finance that we take a home loan. As you would be aware your home loan is eligible for tax benefits under the Income Tax Act. Tax benefits can be claimed on both the principal and interest components of the home loan as per the Income Tax Act, 1961. Under Section 24(b) , the borrower who has taken the loan either to build a house or buy one gets the benefit of these deductions. These tax benefits under Section 24 and deduction under section 80C of the Income Tax Act can be claimed only if all the payments are made by the borrower. To claim the tax benefits one has to make (Equated Monthly Installments) EMI payments regularly. The lender, that is all home finance companies and banks usually, issue a provisional certificate at the start of the year. This certificate is based on the EMI payable in the financial year, with the break-up of the interest and principal paid.
Following is how you can get your tax benefit, for example Mr Rao has taken a home loan for buying a property. The interest on the loan taken is deductible upto Rs 1, 50,000 for a financial year only if the following conditions are met by him.
-The loan should be taken on or after April 1, 1999 for buying or building a house.
-From the end of the financial year in which the funds were borrowed the property (built/bought) should be completed within 3 years.
-If he extends the loan, the interest is payable in respect of the funds taken either for building or buying the property. Even if he refinances the principle amount outstanding under an earlier loan taken for building or buying a house he gets the benefit.
- In case Mr Rao cannot fulfill the above conditions then the interest on the borrowed funds are deductible up to Rs30,000.But the following conditions have to be met:-
- The funds should be borrowed before April 1, 1999 either for buying, building, reconstructing or renewal of the property.
-Funds should be borrowed on or after April 1, 1999 for reconstructing, repairs or renewals of the house.
- If the funds are borrowed on or after April 1, 1999, but the construction is not completed within 3 years from the end of the year, in which the funds are borrowed.
Other than the above benefits, under section 80C the principal repayment of the loan/funds borrowed, he is also eligible for deduction of upto Rs 100,000 in a financial year.
Besides availing a home loan one can also take a personal loan and invest the funds in various schemes where you can save tax. Like investing in PPF’s , Tax saving bonds, Mutual funds and various investment options. If you do not have the funds to invest for tax rebate, a personal loan can help you. So, as seen above a home loan or personal loan can help you plan your tax savings. Make sure you avail of all the benefits of a home loan which are the rebate and deduction. Always plan ahead of time for availing a tax rebate and put to use the benefits you get from your loans.
Courtesy: Deal4Loans
This time of the year, we all are on the look out for means and ways to save that amount of money which gets deducted as tax. But if we have planned ourselves well during the year these three months should not be a burden. There are various investments which one can make to get a tax rebate. Let us look at how loans can help us save tax. Yes, although a loan is termed as a liability one can still avail the benefits from a loan.
Let us see how…Most of us would own a home and to finance that we take a home loan. As you would be aware your home loan is eligible for tax benefits under the Income Tax Act. Tax benefits can be claimed on both the principal and interest components of the home loan as per the Income Tax Act, 1961. Under Section 24(b) , the borrower who has taken the loan either to build a house or buy one gets the benefit of these deductions. These tax benefits under Section 24 and deduction under section 80C of the Income Tax Act can be claimed only if all the payments are made by the borrower. To claim the tax benefits one has to make (Equated Monthly Installments) EMI payments regularly. The lender, that is all home finance companies and banks usually, issue a provisional certificate at the start of the year. This certificate is based on the EMI payable in the financial year, with the break-up of the interest and principal paid.
Following is how you can get your tax benefit, for example Mr Rao has taken a home loan for buying a property. The interest on the loan taken is deductible upto Rs 1, 50,000 for a financial year only if the following conditions are met by him.
-The loan should be taken on or after April 1, 1999 for buying or building a house.
-From the end of the financial year in which the funds were borrowed the property (built/bought) should be completed within 3 years.
-If he extends the loan, the interest is payable in respect of the funds taken either for building or buying the property. Even if he refinances the principle amount outstanding under an earlier loan taken for building or buying a house he gets the benefit.
- In case Mr Rao cannot fulfill the above conditions then the interest on the borrowed funds are deductible up to Rs30,000.But the following conditions have to be met:-
- The funds should be borrowed before April 1, 1999 either for buying, building, reconstructing or renewal of the property.
-Funds should be borrowed on or after April 1, 1999 for reconstructing, repairs or renewals of the house.
- If the funds are borrowed on or after April 1, 1999, but the construction is not completed within 3 years from the end of the year, in which the funds are borrowed.
Other than the above benefits, under section 80C the principal repayment of the loan/funds borrowed, he is also eligible for deduction of upto Rs 100,000 in a financial year.
Besides availing a home loan one can also take a personal loan and invest the funds in various schemes where you can save tax. Like investing in PPF’s , Tax saving bonds, Mutual funds and various investment options. If you do not have the funds to invest for tax rebate, a personal loan can help you. So, as seen above a home loan or personal loan can help you plan your tax savings. Make sure you avail of all the benefits of a home loan which are the rebate and deduction. Always plan ahead of time for availing a tax rebate and put to use the benefits you get from your loans.
Courtesy: Deal4Loans
Tuesday, February 24, 2009
Obama wants to watch Slumdog Millionaire
Now US President, Barack Obama is mesmerized by Slumdog Millionaire.According to the White House Obama wants to watch the acclaimed Slumdog Millionaire.
The exhilarating rags-to-riches fairy tale set in Mumbai,swept the Oscars with eight awards including the best picture, best director, best adapted screenplay; with A R Rahman becoming the only Indian to bag two Oscars for the best score and original song.
Courtesy: Yahoo! News
The exhilarating rags-to-riches fairy tale set in Mumbai,swept the Oscars with eight awards including the best picture, best director, best adapted screenplay; with A R Rahman becoming the only Indian to bag two Oscars for the best score and original song.
Courtesy: Yahoo! News
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