FM's New Proposal

Here are the highlights of the tax proposals:
* No changes in the rates of personal income tax, which will remain as they are currently.
* No change in corporate income tax rate.
* No new taxes on income.
* One by six scheme for filing of income tax returns has been abolished.
* Services tax net to be increased which include ATM operations, maintenance and management, share transfers, registration, international air travel excluding economy class, sponsorship other sports events, auctioneers, ship management and travel on cruise.
* 25 per cent across the board increase in securities transaction tax.
Cooperative lending banks and rural development banks to be exempted from taxes under Section 80(B).
* Fixed deposits in scheduled commercial banks with at least five year maturity will get tax exemption for savings under section 80C of Income Tax Act. The Rs 10,000 exemption limit for investment in pension funds under Section 80CCC has been removed but these investments would be brought under Sec.80C subject to a ceiling of Rs 1 lakh.
* Donations to only religious institutions will be exempted from tax.
* Minimum alternative tax on corporates increased from 7.5 per cent to 10 per cent.
* More transactions to come under PAN.
* Constituency allowances of MLAs to be treated as
* Constituency allowances of MPs for income tax purposes.
* Banking cash transaction tax introduced last year will continue.
* Minimum alternative tax on corporates increased from 7.5 per cent to 10 per cent.

Google Page Creator

Google has launched a new product - Google Page Creator, a free, easy, browser-based tool for creating attractive web pages.

Google maintains that Google Page Creator has been designed with ease-of-use in mind. Its interface enables users to edit and create pages just as they appear online, without knowledge of HTML or other computer programming languages. Combined with a simple one-step publishing process, users can create attractive, functional web pages in minutes - hosted by Google for free.

Google Page Creator is a web-based tool - that means no download is necessary. Users need only visit http//pages.google.com, and sign in using their Gmail account to begin creating and publishing their own web pages.

Google Page Creator will be available on Google Labs, but the search giant has decided to limit the number of page sign-ups in order to provide users with an optimal publishing experience. The company holds that due to extraordinary demand, it recently reached that limit so they've temporarily paused additional sign-ups.

Users may check the Google Page Creator website regularly for updates or submit their email address to a wait list, and Google will contact them when they have the capacity to support additional users.

One Night @ the Call Center

Before giving a review on this book let you know how I read Chetan Bagath's 1st boot FIVE POINT SOME ONE. I bought this book couple of books before and read on January 06. I started reading 5.someone, before my train started. I was very serious for some time and started laughing loudly, most of the people in the place where looking strangely, though I cant avoid my laugh. It put me into all feelings, at the end tears about to roll my eyes. So I liked that book and my journey. I completed 5.Someone in one journey and closed it before reaching my home.

So the hype to 2 heavy as I seen the book in the roadside shop with Junker. I preferred Junker to buy 5.Someone and I bought One Night @ the Call Center. As I urged to read the book at the same night to feel as it is. The nearly 300 page book is extremely racy and also engaging. It is all the more interesting because the novel is centered on the contemporary world of India’s new generation. Book started well with Chetan's style. After the introduction, story started felt like in a call center (I worked in Call center for 11 months in hectic shifts, so I know the pain)

I was keen on knowing what Chetan will say in this book about an only one night and what will be interested in one night. Again very few characters in this story, will some simulation and feelings. Delhi’s (esp.: gurgaon) culture is away from Indian culture; this book opened the all pages of Call Center Culture in Delhi (Welcome to Western Culture, where is very fast adopted). Having 2 or more girl friends (vice versa for girls) loosing verginity.hhaaaaa we are in India?

The novel starts with the meeting of Chetan Bhagat and a young lady in a train and she tells him the story of a night at the call center in Delhi on the condition that it would be his next book. The story is viewed through Shyam, a call center agent and a tame team leader and it revolves on him, his colleagues Varun, Esha, Radhika, his girl friend Priyanka and an aged Military Uncle. Book is good, at the same time I am not convinced in few areas. Chetan you would not have accepted with Swirly Curly.

You know what is one line where Chetan got stuck
"God given a call to us in that night"

FAB

The first-ever Fab (factory fabrication model) City, once set up, will act as a catalyst that would propel India onto the global chip manufacture map. In November, SemIndia announced the setting up of India's first-ever fab, an assembly-test-mark-pack (ATMP) plant that would offer services to manufacturers of integrated circuits.

Announcing this on Thursday at the two-day Indian Semiconductor Association (ISA) business conference here, Union IT minister Dayanidhi Maran said SemIndia, an NRI consortium working with the Indian government, has zeroed in on Hyderabad.

"Karnataka, Andhra Pradesh and Tamil Nadu were solid contenders but AP won SemIndia over," Maran said. Asked why Karnataka lost out despite it being a forerunner, Maran threw up his hands, laughing: "Don't ask me. Ask the SemIndia people; they had the final say."

More seriously, he said Karnataka's response was "too slow" and Tamil Nadu's "lukewarm". "Andhra Pradesh moved faster, provided 1,200-acre land, water, subsidised electricity, and lined up investors who would bring in $1 billion in equity to set up the facility."

Chipmaker AMD is an active participant in the venture and this fab would augment its regional assembly and test requirements.Interestingly, Intel is also in talks with India on a similar project.

It is a welcome News to Gowda's Family Ruling style. Similar JJ style of loosing project to TN.

Race on 10K

I remember in my earlier earning time, I was having a ambition to get my salary in 5 digits, After 9/11, I thought of going back to my farm and do agriculture and start milk bizness with altered Willys Jeep. Some how my previous company managed to retain me and releaved when I got a good opening. Similar kind of scenario for India Stock market today.


When Sachin and Shewag opened for India first ODI with Pakis, the Sensex has hit an all time high of 10,031 with a gain of 52 points. It is a tragedy that none of the public knows about this and they were sunk in TV for match. Anyway Monday was not good for Indian cricket fans rather Investers in India.


While I hear experts showing apprehension about another stock market scam, the finance minister and Sebi keep assuring us of fair play. Time will only tell if it's for real or this 10K mark is just an illusion. What is more alarming is the speed at which sensex is scaling newer heights. The way things are moving, I guess soon the sensex will cross 20K barrier.

Kama Sutra

It is not a Porn related blog, it is a Virus which is going to affect your Computer tommorrow(Feb-3-06)

Details: Sex sells and the new internet worm (Nyxem-E) nick-named the "Kama Sutra worm" because it spreads under the guise of pornographic content, has leap-frogged lesser viruses reaching top-spot on world virus charts.

Nyxem-E aka Kama Sutra is a mass-mailing worm which attempts to disable security-related and file-sharing software and destroys files of certain types. When run on a Windows PC, the worm copies itself to shared network locations, and sends itself to e-mail addresses found on the target computer. Nyxem-E, according to F-Secure, is programmed to disable anti-virus and firewall software, and delete certain files including Office documents, on the third day of every month.

The Kama Sutra worm arrives as an e-mail attachment, with different subject lines including "School girl fantasies gone bad," "The Best Videoclip Ever," "A Great Video," "give me a kiss," "Fwd: Photo," "Fw: Sexy," "You Must View This Videoclip!" "Miss Lebanon 2006," etc. The text differs; it may include references to the Kama Sutra - the ancient Sanskrit book on sex and related matters.

Who is He?

He was short. He was sharp. He was the brightest boy in his class. His seniors would ask him to solve their difficulties in Science. He could have go unnoticed in the crowd, but once you asked him a question related to Physics or Maths, there was a spark in his eyes. He could grasp theories of Science faster than the speed of light.

He came from a poor but educated family. His father was a high-school teacher and an avid reader of english literature. He, like all the boys in the class was trying to get admission into some engineering college. The brighter ones wanted to study in he Indian Institutes of Technology, or the IIT's. There was an entrance test for IIT.This boy, along with his friends applied to appear for the test. They did not have any special books or coaching. All these IIT aspirants would sit below the shade of a stone mantap close to Chamundi hills in the sleepy town of Mysore. He was a guide for others. While the others struggled to solve problems in the question paper, he would smile shyly and solve them in no time. He sat below a tree and dreamt of studying at IIT.He was then only sixteen years old.

D-Day came.He came to Bangalore, stayed with some relatives and appeared for the entrance test. He did very well but would only say "OK" when asked. It was the opposite when it came to food...."OK" implied bad, "good" implied ok, and "very good" implied good!! His principle was never to hurt anyone.

The IIT entrance resutls came. He had passed with flying colors and the hightest rank. He was thrilled! He went to his father who was reading a newspaper.

"Anna, I have passed the exam"

"Well done, My Boy".

"I want to join IIT".

His father stopped reading the paper. He lifted his head, Looked at the boy and said with a heavy voice "You know our financial position, and I cannot afford your expenses at IIT. You can stay in Mysore and learn as much as you want".His father was sad that he had to tell the bitter truth, but it could not be helped.

The teenager was dissappointed. He was so near to fulfilling his fondest dream , yet so far.His heart sank in sorrow.

He did not reply. He never shared his unhappines with anyone. He was an introvert by nature. His heart was bleeding but he did not get angry with anyone.

The day came, his classmates were leaving for Madras(today called Chennai).They were leaving from Mysore to Chennai. They had shared good years at school and he went to wish them good luck for their future. At the station his friends were already there. They were excited and discussing their new hostels, new courses etc. So he stood there silently. One of his friends noticed and said "You should have made it"

He did not reply. He just wished them. He stood there even after he could no longer see the train or the waving hands. It was June 1962 in Mysore city. Yet he stood there motionless.

He said to himself, without anger or jealously, "All students from the IIT's study well and do big things in life. But it is not the institution, ultimately it is you and you alone who can change your life by hard work".

Who is HE?????