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"The Last Chapter of this year Make it a Memorable one"

"Tennis Ball Treatment" You will definitely like it

If you’ve been writing a big essay and your hands feel stiff, or you’ve gone for a long run and your knees ache, or if you’ve been hunched over your computer and your posture is bad, you could be experiencing this Myofascial pain.

Myofascial pain syndrome typically occurs after a muscle has been contracted repetitively, which puts pressure on sensitive points.

Why a Tennis Ball?

Tennis ball with its rubbery elasticity allows our muscles to stretch out. That’s why it is good to use a tennis ball for pain relief. In the remaining part of this article we’ll look at some muscular trigger points in our body and in what way can we use a tennis ball to easily reverse the pain in these areas.

Strained Neck

After hours spent in the office the suboccipital and erector muscles tighten up With the help of this exercise you will stretch out these muscles soothing your neck before going to bed.

1. Lie face-up on the floor, with two tennis balls under the base of your skull.
2. Nod your head up and down, allowing the balls to nestle into the back of your neck.
3. After one minute, change direction by pivoting your head from side to side
4. Pivot your head to one side, and then nod while in the same position, repeat on the opposite side and nod in a different direction, altering for two minutes.

Stiff Shoulders

This stretch is great for the cuff muscles. It will stretch them out thus stabilizing your shoulders. This exercise will help you relieve the tenderness in the shoulders if you are exposed to lifting heavy objects or you have bad body posture.

1. Lie face up on the floor and place one tennis ball behind each shoulder.
2. Roll over the ball with your shoulder to relieve the tenderness.

Sore Back

You can experience some back pain as a result of the way of sitting, sleeping position or the shoes you wear. However, this exercise will release your tension regardless of the cause.

1. Place two balls below your back, between the ribs and the tailbone.
2. Move your pelvis from one side to another, letting the balls move over your back.
3. Lighten pressure near the spine and slow down the movement in stiffer parts of your back.
4. Practice this exercise for five minutes while taking deep breath.

Compressed chest

A tight chest may result from everyday activities such as cooking, using the phone, or just sitting for long period of time. If not treated, these problems can be very unpleasant and cause difficult breathing and problems with the nervous system.

Relieve the compression in your chest in the following way:

1. Find a wall corner or door and place the tennis ball below your collarbone. Stay like that for one minute, take a deep breath while pressing the ball.
2. Shift your clavicle up and down and from one side to another, moving along the upper part of the chest.
3. Move your neck and arm for 1 minute in order to increase other muscular mobility and then change side.

Aching Hands

You can feel a great deal of tension in the flexor muscles of your fingers and palms if you are engaged in writing for hours. There are also some other types of activities that can drain these muscles but writing is the most common one. Try the next exercise:

1. On a table, place your hand on top of the tennis ball, while placing the other hand on top of that for added pressure.
2. Press the ball while holding it steady for one minute, leaning your entire body weight into the ball.
3. After a minute, move the ball vertically and horizontally, so it stretches out in all directions of your palm. Continue this for three minutes, and then repeat this steps with the other hand.Cramped KneesThis exercise will provide an internal stretch in the joint capsule of the knee. The ball is a spacer to create traction between the thigh, kneecap, and lower leg bones.With the help of this exercise you can get an internal stretch in the joint capsule of the knee.

• Sit in a firm chair, and nestle the ball behind your bent knee, close to the side of the knee.
• Contract your muscles against the ball ten times, and relax your muscles ten times.
• Repeat on both sides ten times.

Sore Feet and Plantar Fasciitis

This is probably the most common muscle pain. It is usually a result of spending long period of time standing on our feet or wearing unsupported shoes. Painful plantar fasciitis and upper back pain are usually the result. The flexibility of the tennis ball is perfect for stretching out your feet.

1. Simply stand on the ball, with the tennis ball under your heel.
2. Roll the ball up and down so it covers from your heel, up into your arch and extending to the ball of your foot.
3. Repeat for one minute on either foot.

Conclusion

Using a tennis ball is a very effective method for muscle relief for almost every type of muscle. Even though there are various ways you can prevent pain, the tennis ball is an easy, cheap and quick fix for sore muscles.

Vodafone@144Rs as Jio competetion ?

Vodafone offers unlimited free calling and roaming at Rs 144

Mumbai: Intensifying the mobile calling and data war that started after Reliance Jio's extension of its free plan, Vodafone on Friday announced unlimited free voice calls for its prepaid customers with the launch of two new packs.

Under the new plan, Vodafone is offering unlimited calling for recharges above Rs 144 and free roaming on Vodafone network and 50 Mb free data and for those above Rs 344 unlimited free calls and free roaming on all mobiles network and 300 mb free data for 4G handset users and 1 Gb data for 4G handset users.

The company said these plans are available for all 2G, 3G and 4G customers with a validity of 28 days, company's chief commercial officer Sandeep Kataria said.
Yesterday, the market leader Airtel and the No 3 player Idea Cellular had launched many schemes to counter Jio's tariff with free voice calls to prepaid customers and additional data.

Both the companies had launched two identical schemes offering free calls and limited mobile Internet use priced at around Rs 150 and Rs 350 with 28 days validity, in their attempt to match the free 4G service from Reliance Jio.

Both Airtel and Idea are providing 1GB of 4G data to customers with 4G handsets phone and 50 MB for non-4G mobile handset users under the plan.
At lower amount of Rs 149 and Rs 148 respectively, Airtel and Idea has started offering free calls within their network. Both the companies will provide 300 MB of 4G data to customers with 4G mobile phone and 50 MB for non-4G mobile handset users under this plan.
State-owned BSNL too has said it is considering new "less than" Rs 149 prepaid pack that will offer free calls to all networks from January.

At present, Reliance Jio is offering free 4G mobile service including calls and data till end March. It has clocked 52 million customers in 83 days of its launch. These plans come close to proposed Rs 149 plan of Jio under which it will offer free calls to all network in the country for 28 days without any roaming charges. The plan includes 300 MB 4G data access during day and unlimited usage at night.

పురిచ్చి తలైవి ఇక లేరు

జయలలిత ఫిబ్రవరి 24, 1948న అప్పటి మైసూరు రాష్ట్రంలోని పాండవపుర తాలూకా, మేలుకోటేలో జయరాం, వేదవల్లి దంపతులకు జన్మించింది. తల్లి ఒక తమిళ అయ్యంగార్ బ్రాహ్మణ వంశానికి చెందినది.జయలలిత అసలు పేరు కోమలవల్లి. అది ఆమె అవ్వగారి పేరు. బ్రాహ్మణ సంప్రదాయాన్ని అనుసరించి ఆమెకు రెండు పేర్లు పెట్టారు. జయలలిత అనే రెండో పేరును పాఠశాలలో చేర్చేటపుడు నమోదు చేశారు.

తిరుచ్చి జిల్లా శ్రీరంగం పూర్వీకంగా కలిగిన జయలలిత 1981లో తమిళనాడు రాజకీయాలలో ప్రవేశించి రామచంద్రన్ మరణానంతరం అతని భార్య జానకి రామచంద్రన్ తమిళనాడు ముఖ్యమంత్రి అయిననూ ఆమె ఎక్కువ రోజులు పదవిలో కొనసాగలేకపోయింది. జయలలిత 1989 అసెంబ్లీ ఎన్నికలలో విజయం సాధించి తొలి మహిళా ప్రతిపక్ష నాయకురాలిగా స్థానంసంపాదించిరి. 1991లో రాజీవ్ గాంధీ మరణానంతరం జరిగిన శాసనసభ ఎన్నికలలో కాంగ్రెస్ పార్టీతో పొత్తు పెట్టుకొని విజయం సాధించి ముఖ్యమంత్రి పీఠాన్ని అధిష్టించింది. ప్రజలచే ఎన్నిక కాబడిన తొలి తమిళనాడు మహిళా ముఖ్యమంత్రిగా అవతరించింది.

కుటుంబ పరిస్థితులవలన ఈమె తల్లి బలవంతముతో తన 15వ యేట సినిమా రంగములో ప్రవేశించింది. జయలలిత తొలి సినిమా చిన్నడ గొంబె కన్నడ చిత్రము పెద్ద హిట్టయ్యింది. ఈమె తొలి తెలుగు సినిమా మనుషులు మమతలు ఈమెను పెద్దతార స్థాయికి తీసుకెళ్లింది. 1972లో తమిళనాడు ప్రభుత్వము జయలలితను కళైమామణి పురస్కారముతో సత్కరించింది. ఈమె అవివాహిత గానే జీవితాన్ని గడిపారు.

రాజకీయాలలోకి రాకమునుపు తమిళం, తెలుగు, కన్నడ భాషల్లో సుమారు 140 సినిమాల్లో నటించింది. 1961 నుంచి1980 వరకు ఎక్కువగా కథానాయికగా వివిధ రీతుల చిత్రాలలో, వైవిధ్యభరితమైన పాత్రలలో నటించింది. నాట్యంలో కూడా ఆమెది అందె వేసినచేయి. ఒకరకంగా తమిళ చిత్రసీమను మకుటం లేని మహారాణిగా కొద్దికాలం పాటు ఏలింది. తమిళ నాడు ప్రాంతీయ రాజకీయ పార్టీ అయిన ఆల్ ఇండియా అణ్ణా ద్రావిడ మున్నేట్ర కళగం యొక్క సాధారణ కార్యదర్శి. ఆమె అభిమానులు ఆమెను పురట్చి తలైవి (విప్లవ నాయకురాలు) అని పిలుచుకుంటా ఉంటారు.

ఆమె నటిగా ఎం.జి.ఆర్ సరసన ఎన్నో చిత్రాలలో నటించింది. ఎం.జీ.ఆర్ రాజకీయాలలో ప్రవేశించిన తరువాత జయలలిత కూడా రాజకీయాల్లోకి వచ్చింది. 1984 నుంచి 1989 వరకు తమిళనాడు నుంచి రాజ్యసభ సభ్యురాలిగా ఎన్నికైంది. ఎంజీఆర్ మరణం తరువాత అతని వారసురాలిగా ప్రకటించుకున్నది. జానకి రామచంద్రన్ తరువాత ఆమె తమిళనాడు రాష్ట్రానికి ఎన్నికైన రెండో మహిళా ముఖ్యమంత్రి...

జయలలిత_అసలు_పేరు_కోమలవల్లి.... తెలుగులో చేసిన చిత్రాలు....

కథానాయకుని కథ (1965)
మనుషులు మమతలు (1965)
ఆమె ఎవరు? (1966)
ఆస్తిపరులు (1966)
కన్నెపిల్ల (1966)
గూఢచారి 116 (1966)
నవరాత్రి (1966)
గోపాలుడు భూపాలుడు (1967)
చిక్కడు దొరకడు (1967)
ధనమే ప్రపంచలీల (1967)
నువ్వే (1967)
బ్రహ్మచారి (1967)
సుఖదుఃఖాలు (1967)
అదృష్టవంతులు (1968)
కోయంబత్తూరు ఖైదీ (1968)
తిక్క శంకరయ్య (1968)
దోపిడీ దొంగలు (1968)
నిలువు దోపిడి (1968)
పూలపిల్ల (1968)
పెళ్ళంటే భయం (1968)
పోస్టుమన్ రాజు (1968)
బాగ్దాద్ గజదొంగ (1968)
శ్రీరామకథ (1968)
ఆదర్శ కుటుంబం (1969)
కథానాయకుడు (1969)
కదలడు వదలడు (1969)
కొండవీటి సింహం (1969)
పంచ కళ్యాణి దొంగల రాణి (1969)
ఆలీబాబా 40 దొంగలు (1970)
కోటీశ్వరుడు (1970)
గండికోట రహస్యం (1970)
మేమే మొనగాళ్లం (1971)
శ్రీకృష్ణ విజయం (1971)
శ్రీకృష్ణసత్య (1971)
భార్యాబిడ్డలు (1972)
డాక్టర్ బాబు (1973)
దేవుడమ్మ (1973)
దేవుడు చేసిన మనుషులు (1973)
లోకం చుట్టిన వీరుడు (1973)
ప్రేమలు - పెళ్ళిళ్ళు (1974)

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133 killed in early morning rail accident near Kanpur

 At least 128 persons were killed and over 200 injured as 14 bogies of the Patna-bound Indore-Rajendranagar Express went off the track in Kanpur Dehat district of Uttar Pradesh in the early hours of Sunday.

80 of the deceased have been identified. Among them 45 people are from UP, 20 from Madhya Pradesh, 14 from Bihar and one from Maharashtra. "Efforts on for rest," UP DGP Javeed Ahmed informed.




The derailment took place between the Pukhrayan and Malasa stations along the Jhansi-Kanpur section at 3.10 a.m. While the S3 and S4 sleeper coaches were thrown off on to the nearby fields, S1 and S2 in front of them bore the brunt, as the coaches smashed into each other leaving behind mangled iron.

The third AC coach B3 was also heavily damaged. Such was the intensity of the impact that survivors compared it to the shock of a “tremor.”

Sixty-three bodies, including 12 women and a child, were identified till 8 p.m. Among the dead, 20 belonged to U.P., 13 M.P. and five Bihar, a police spokesperson said.

While the cause of the derailment is not known, railway officials suspect a rail fracture. In addition to the other departmental inquiries by the Railways, P.K. Acharya, Commissioner, Railway Safety, Eastern Circle, Kolkata will hold the statutory inquiry on Monday and Tuesday, a north central railway spokesperson informed.

Calling it a “major accident,” S.K. Agarwal, DRM, Jhansi division, said the cause could not be ascertained right away, even as he hinted there was no tampering with the track.

“The Sabarmati Express crossed the same track nine minutes earlier. It would have reported any fault. The driver felt no jerks. It is difficult to point out a reason at this momen

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What is twin flame synchronicity ?

Ladies and gentlemen, let’s face it – you are probably wondering what is twin flame synchronicity, right? Well, it’s very simple – you just have to take a look at the article below and discover more about this. First of all, you should know that synchronnicity is an event which is not related or it is unlikely to happen together by chance, yet it is experienced as occurring together in a meaningful way. And, just like some events may be grouped together by a reason, they are also grouped together by meaning. A collection of events by implying there is no need to have an explanation in terms of cause and effect. Synchronicity was first established in 1920’s and described by Carl Gustave Jung, He is a Swiss Psychologist.

And, to be honest with you – in my personal opinion, there is no such thing as coincidences, if you were to see all the events and ideas can be all connected together by a meaningful connection which can be very personal to the one who is having the synchronicity.

I believe there are connection made between the inner and outer world, through internal psyche events and the external physical intensional events. There is an unique distinction in between the terms “chance” and also “synchronicity.”.

Through many synchronicities in life twin flames begin to recognize that these events are a symbol of their connection. Initially, many think it is simply by chance, eventually, when they have a better surrender to this deep connection, they place their ego aside and understand that it is certainly not by chance.

Once that is understood, they begin realize that their paths were put in purposely in the same place, at the same time for a reason. When they are both at the exact same phase to increase their understanding as well as their growth. Another sign of a twin flame synchronicity is allowing them to see that they are part of the same path when they cross together. They might live different lives, the mirroring triggers the twin flames to feel their close bond which in turn acts as a driver to growth as well as understanding of the soul.

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CA’s open letter to Kejriwal goes viral: Why Rs 2,000 notes were issued

In his boldest step against the black money menace yet, Prime Minister Narendra Modi on November 8 demonetised Rs 1,000 and Rs 500 notes. This sudden decision has thrown the entire nation into a tizzy, with hostile political parties calling it a financial emergency and an attack on the common people who have been put to hardships. However, many common people are fully supportive of the PM’s move and assert that they are willing to be inconvenienced slightly for the good of the nation.

One of the questions, however, that seems to be on people’s minds is why did the government introduce Rs 2000 notes. Jumping on to the bandwagon of politicians who spoke up against the PM’s decision was Delhi Chief Minister Arvind Kejriwal, who released a video questioning the logic behind issuing new Rs 2,000 notes.

As a reaction to the Delhi CM’s video, a Surat-based chartered accountant Mehul Shah has penned an open letter to explain the probable logic behind issuing new Rs 2,000 notes instead of Rs 1,000 notes and also the reason for lower withdrawal limits and ease of carrying currency notes, etc.

This letter, giving a detailed explanation, has gone viral. Read it yourself to get a better understanding of the logic behind this life-changing decision of the government:

“Sir, I am a practising Chartered Accountant aged 28 in Surat and I was very hopeful that you would support the Notification for Demonetization of Currency and was very eager for your Reaction because your very entry into Politics was for supporting any small move to reduce Black money and Corruption and after all, this was indeed a very big and bold move….!

But after going through the Video released yesterday, my expectations from AAP as a Commonmen were shattered once again because I believed that a person of such stature and designation as you would spread positivity all around without any ifs and buts to make this Mega Clean-up Drive possible and rather help the common men in mitigating the problems rather than nagging about the same and hence I would like to bring to your knowledge the following Points.

Point 1

As you have stated in your Video that it took full 2 days for you to understand the various aspects of the Scheme and even after consultation with various Experts , you could not basically understand the Logic of why 2000 Rupee Notes were released instead of 1000 Rupee Note, I would like to make an attempt to tender my best possible logic ( Please enlighten me if I am wrong somewhere) as follows:

Sir, let us Simply take 2 Scenarios to understand the funda !

Scenario A : If as per your suggestion , Rs. 2000 Note are not issued but only New Rs. 1000 Notes are issued.

Lets say , for example Mr. X has Rs. 1,00,000/- black money in 100 Old Notes of Rs. 1000 each.

Mr. X divides those Rs. 1,00,000/- into 10 Equal Bundles, each comprising of 10 Old Notes of Rs. 1000 each and puts each Stack on a Table.
On Day 1 , in the morning Mr. X would deposit the first Bundle i.e. 10 Old Notes of Rs. 1000 valued at Rs. 10,000 into the bank and on same Day 1 in the Evening he would withdraw 10 New Notes of Rs. 1000 again valued at Rs. 10,000 and put it in the Locker in his house.

Now the real Game starts.
On Day 2 : Morning , Mr. X would deposit the second bundle of 10 Old Notes of Rs. 1000 valued at Rs. 10,000 kept on the Table. However in his books of accounts submitted to Income Tax Department, he will show that he has deposited the same 10 New Notes which was withdrawn on Day 1 : Evening ( which is actually still lying in the Locker of House )

On Day 2 : Evening , Mr. X would again withdraw 10 New Notes of Rs. 1000 valued at Rs. 10,000/- and keep the same in Locker . So at the end of Day 2, Mr. X has Rs. 80,000 on Table in Old Notes and Rs. 20,000/- in New Notes in Locker.

Now Day 3 will come in next week as limit of Rs. 20000 per week.

The same exercise shall continue till Day 10 and by the end of Day 10, Mr. X shall have no Old Notes and Rs. 1,00,000 in 100 New 1000 Rupee Note in the Locker.

However, to the Income Tax Department while presenting his cash book, Mr. X has shown that he was having only Rs. 10,000/- as black money initially ( i.e. one bundle of 10 Notes of Rs. 1000 ) and he has rotated the same Rs. 10,000/- by depositing it into Bank account in the morning and withdrawing it in the evening and again redepositing the same on next day and so on.

Thus, Mr. X has paid tax only on initial Rs. 10,000 whereas he has managed to convert all his Black money of Rs. 1,00,000 into new Notes. The New Notes lying in locker are still not known to any I.T Officer and remain unaccounted.
This Modus operandi is called Peak theory i.e. theory of rotation of same money which is accepted by most of the High Courts and Tribunals. Revenue is also sometimes helpless to catch Mr. X because the above scenario can also occur in genuine cases where you withdraw money from bank to purchase something and then when you think that no good deal is available, you may again deposit the same money into your bank account and hence logically are not required to pay tax again.

Scenario B : Watch what happens when PM issues New 2000 Rupee Note instead of 1000….!
Mr. X deposits first bundle of 10 Old Notes lying on Table in the Bank on Day 1 : Morning and then he withdraws 5 New Notes of Rs. 2000 on Day 1: Evening and keeps it in locker.
Now on Day 2 : Morning when he goes to deposit second bundle of 10 Old Notes of Rs. 1000 each and wrongly shows the Income Tax Department based on cash book that he has redeposited the same money which was withdrawn on Day 1:Evening – Bingo !!!

He is stuck now !! Because if AO enquires and calls for copy of the Bank slip on Day 2 submitted to bank, it will show deposition of 10 Notes of Rs. 1000 each whereas the Govt knows that Mr. X could never have withdrawn on Day 1 any note of Rs. 1000 because they were never Printed !!!!

The above examples are described to understand the concept of rotation of money and the fact that no tax is levied on redeposit of cash into bank.

Even if the above explanation is hypothetical as a concept, it gives a glimpse that such on-paper rotations may be attempted or many other “jugaad” may also be possible using some improvised theory and hence the best way is to go for a strategic decision to discourage the rotation of money by keeping lower withdrawal limits and at the same time deferring the printing of Rs. 1000 note as taken by our PM and hence we should respect the strategic decision of PM who is elected by democratic majority rather than questioning him at each level.

Even, if we disregard the above theory of discouragement of rotation of money , another strategy may be to call back all Rs. 2000 Rupee Notes after 2-3 year once the New Rs. 1000 Notes are in circulation and this will further keep a check on corruption which many have already been questioned. This is because the businessman who have managed bogus accommodation entries to make money white in this period are likely to reverse the entries and get them converted into Rs. 2000 notes in January 17.

Just as a food for thought, what if new Notes be printed with an expiry period of 10 years, 20 years and 30 years and so on and hence the same has to be deposited into Bank before expiry date. People are asking how do you reduce corruption after Jan 2017 ? This step shall reduce corruption and reduce chaos at every deadlines as while I have few notes expiring now I shall also have few Notes which are due expiry in next 10 years and hence do not have to stand in long queue for withdrawals !!

Also with inflation the value of Rs. 1000 notes had gone down so induction of a new higher denomination had become necessary. The US has $100 note whereas UK has €50 both valued around Rs. 6000

Another simple logic is to save the printing and transportation cost compared to its face value assuming that much cost has gone into securing that fake notes of Rs. 2000 are not easily printed. ATM cash be stuffed with more cash which is the need of the hour.

Further, the fact remains that when someone is holding the new Rs. 2000 Rupee Note , he is psychologically getting a sense of freshness that the country is in the growth phase. In a lighter note, Messages are being circulated not to write anything on New Notes which shows a feeling of possession. Imagine if the previous Government would have never issued new higher denominations notes with inflation and growth we would still be dealing with Annas and Pavlis!

Sir, the above example also gives you an explanation to your doubt as to why the withdrawal limit is kept so low and you should rather educate people around you who are standing in long queues and nagging about low withdrawal limits and explain them as to how higher withdrawal limit may lead to more rotations and tax evasions. Though the above modus operandi can still be done with Rs. 500 note however, as mentioned the incentive would be less because Mr. X cannot withdraw more than Rs. 10,000/- in a day and Rs 20,000 in a week.

And believe me Sir, each and every condition in the Notification is seen to take care of the problems likely to be faced by Citizens and at the same time making sure that such Sophisticated theories are not resorted to by Black money hoarders, but questioning by you of everything in the name of Freedom of Expression may create Panic situations or bring out Loopholes in Notifications and hamper the success of reforms.

Point 2

Sir, you have again criticised and stated in the Video that printing Rs. 2000 rupee note will help to increase Corruption because Stacking those Rs. 2000 Rupee Notes would require lesser Space as compared to Stacking Rs. 1000 Notes.

In this regard, I would like to ask that Sir, have you come across any case where the “Babus” have not taken any bribe and done work honestly because they had a small Bag which could not be fitted with Rs 1000 Notes ?!

Or have you come across any Businessman who has declared unaccounted money solely because there was no space to keep those Rs. 1000 Notes !!

Point 3

As stated in the Video by you, it is true that inspite of PM efforts, there shall be dubious commission agents and unaccounted Investment in gold through jewellers, but as far as I remember when the jewellers were on strike for 45 days when our PM levied excise duty on gold in month of April 2016, it was you who supported their strike. It shows that whenever some changes are suggested to regulate a particular Market, AAP opposes them and then now you nag that the Gold market is unregulated.

Infact I believe that the PM had a full blue print for the development of our country right from Day 1 of his being elected if I recall my last 3 years as a Professional.

Firstly they asked for all the bank account number in your Return of Income

Then they linked your PAN with Aadhar

They linked all the subsidies, pension and other benefits directly to your bank account through Direct Benefit Transfer Scheme.

Then they gave opportunity to all the common men to open an account with bank through Jan Dhan Yojna

They entered into revised treaty with most of the countries in which unaccounted money goes through HAWALA e.g. Mauritius and thus the route of Black Money coming from Mauritius which everyone knew is stopped.

They passed few strict laws to overcome the evil of black money such as Benami Transaction Act and Foreign Black Money Act

They levied Excise duty on Gold.

They also made TCS compulsory for Cash transactions above 2 lakhs.

They withdrew lakhs of pending income tax and service tax litigations where Common men had won at Appeal level and Department had gone further.

They also entered into information exchange agreement with such countries.

Then they gave last opportunity to all black money hoarders through Income Declaration Scheme, 2016

Now they have a Scheme for Dispute Resolution Panel again to reduce Litigation till December 2016.

Now the masterstroke, that they have banned Rs. 500 & Rs. 1000 denominations.

Not only the destination of this whole process is commendable but even the journey or the chronology of these events is interesting which explains the ultimate destination and who knows , may be the journey is still not over and the ultimate destination may still be the Swiss Account holders!!

Point 4

Further, you have stated in your Video that penalty would be levied at the rate of 200%. The said statement has created a panic and people have stated discounting their own hard earned cash.

Being in Income tax Department in the past , you ought to know that as per the present Income Tax Act,1961 penalty is never levied on Cash deposits but on “concealed income”. Hence when the common men is depositing Cash in hand which is duly accounted or out of his past savings and even out of unaccounted current years income whose return is yet to be filed, there shall not be any penalty if there is no mismatch between returned income and assessed income. Even the Government Officials in their statement used the words “underreporting” or “mismatch”. To understand the definition of “underreporting”, Sir please refer Section 270A of the Income Tax Act or go through the following article:

Instead you could have encouraged the citizens to pay appropriate Tax.

Point 5

Nowhere in the Video have you stated anything relating to Fake currency or Counterfeit Notes because you know that the issue of Existing Fake Currency is solved foolproof.

Which situation would be better ?

Scenario A:

A Labourer standing in queue to exchange Notes from bank for a Short term.

Scenario B :

A Labourer working hard whole day to get a Fake Note at the end of the day?!

The issue of Terrorist Funding is also tackled but you chose to remain silent on the same.

You have stated that Modiji should have infused Rs 100 Note from before and it would have been you only to have said in this video that “Arre ATM se do din pehle se hi Sirf Rs. 100 ki Note bahar aa rahi thi toh sab ko pata tha , yek koi Secret nahi tha”

Conclusion

Now Sir, if I am to believe that you really don’t understand these simple concepts even after consulting with Experts for 2 days as already described by you, I am deeply saddened because the common men believe that you are an IITian and have spent considerable time in Income Tax Department also.

Contrary to the same, If I am to believe that you already know the benefits of demonetization which I first learnt in Standard 8 when subject of economics was introduced to me and the concept of Peak Theory which is described by me above and which I learnt with my very limited experience while pursuing my profession of Chartered Accountancy , then I am more saddened and feel AAP Party as more dangerous because I believe that above any religion, politics or reservations in any caste or creed, it will always be education which shall uplift the common men and it is the common men who have elevated you to a position where you are looked by millions as their Idol and it is your duty to educate them and spread knowledge and not keep them in ignorance to preserve your vote bank.

I am grateful to all my Teachers who have selflessly shared their knowledge and some fellow members of CA fraternity who are playing an active role in creating awareness and educating Commonmen about the positive consequences of Demonetization true to the Jewel crowned to the profession as “Partner in Nation Building” and I would therefore like to advise the citizens not to sell the notes at discounted prices or deposit the cash into bank accounts of other benami persons in fear of penalty. Further, do not claim any bogus expenses or bogus loss to gain more trouble. Do not manipulate accounts by creating bogus cash on hand. Be sporty and pay tax honestly to buy peace of building capital.

Jai Hind.

Regards,

CA Mehul Shah

Surat

mehul@raseshca.com

PS : Sir, Please share the same explanation to Rahul Gandhiji too as lately you both share the same thoughts and statements and have same queries.

Wait for a miraculous amount of tax collection this year !!

I have mainly written this Letter for my love for writing and my love for questioning and understanding the concepts and in view of the freedom of speech and expression my country offers and hope that no one is offended.”

SBI Writes Off Rs 7,016 crore Loans owed to it by 63 accounts

SBI Writes Off Loans Of 63 Wilful Defaulters

State Bank of India (SBI) seems to be have started a clean-up of its balance sheets by writing off loans worth about Rs 7,016 crore owed to it by more than 60 of its top 100 wilful defaulters.

While 63 accounts in the list have been fully written off, 31 have been partially written off and six have been shown as non-performing assets (NPAs), reveal documents accessed by DNA. As on June 30, 2016, SBI has written off Rs 48,000 crore worth bad loans. The documents, however, don't specify the entry time of these "write-offs''.

The top five defaulters:

• Kingfisher Airlines owes a total of Rs 6,963 crore to 17 banks, of which SBI’s loan is Rs 1,201 crore. Recently, an e-auction of Mallya’s Kingfisher Villa in Goa failed to find any buyer. Sources said that SBICAP Trustee did not get earnest money deposit (EMD) from even a single bidder.

• KS Oil, once a leading edible oil player under the brand names Kalash and Double Sher in the mustard oil segment, turned defaulter. KS Oil has allegedly indulged in the diversion of funds from its core business. The company invested huge amounts on plantations in Indonesia and Malaysia but failed to get the expected returns. Though the loan account has been restructured, the company has been unable to revive itself. Lenders have also withdrawn the company from CDR (corporate debt restructure). KS Oil was declared NPA in 2013 with effect from September 30, 2011. As with Kingfisher, the recovery effort was futile as e-auction of five units failed due to lack of bidders.

• The third in the list of write-off accounts, Surya Pharmaceutical, was named a wilful defaulter in 2013. The company allegedly indulged in fraud, diversion of funds in retail and education sectors. SBI has symbolic possession of eight properties and is struggling for another in Jammu and Kashmir. A forensic audit from E&Y tagged this a fraud account.

• Ajay Kumar Vishnoi’s promoted GET Power Ltd was declared wilful defaulter on August 23, 2016. The company’s mismanagement and the delay in projects led to trouble for the promoters.
• The fifth in the list, Sai Info, has dues of Rs 375 crore and was declared wilful defaulter on August 26, 2016. In June 2013, the company’s main promoter Sunil Kakkad absconded, but was brought back to India and arrested. Kakkad is now out on bail. The company has cancelled two high-value projects – from the Department of Posts and a Mumbai CCTV surveillance project – worth Rs 2,200 crore. This account has also been declared fraud. SBI could not get any recovery and could only get symbolic possession of some of the properties.
Other Aspect of Write-offs
The Supreme Court has called the write off ‘a big fraud’ and ordered the RBI to share with the names of the biggest defaulters. On Tuesday, the Parliamentary consultative committee constituted to study non-performing assets (NPAs) in the banking sector, has suggested that the government should name all the defaulters whose loans have been written off by state-owned banks. There is a need to bring more transparency in the system, and the list of all the defaulters whose loans have been written off be made public.
Process of Write-offs Let’s assume that a person has taken a loan of Rs 1,00,000 from a bank. From bank’s point of view, the loan is an ‘asset’ and the interest that would have accrued from the person would have been ‘income’. In the bank’s balance sheet, the loan amount is shown as an asset so long as the account is considered normal. But if the person or entity stops repaying the monthly instalments, the bank will generate lower revenue due to lack of interest payment. But the loan remains as an asset as the bank still hopes that the person will pay back. But beyond a point, as per Reserve Bank of India (RBI) norms, if there is no income coming from an asset, the bank will have to first provide for the loss of the ‘asset’ and then eliminate it from its balance sheet. The loss incurred by the bank will be borne by the public exchequer. A major portion of it is done by the government which loses tax revenues as the losses are set-off against tax.



Write-offs
In a write-off, the bank includes bad debts as an uncollectible loss on its tax return. The write-off is also called a ‘charge-off’. The write-off reduces the bank’s earnings and thereby reduces its taxable income. This accounting procedure may reduce the bank’s overall tax liability, which is the goal of a write-off. The designation of the debt as uncollectible doesn’t mean the bank will never collect on it until that point.

A cold-hearted volcano "Mount St. Helens"

Below most volcanoes, Earth packs some serious deep heat. Mount St. Helens is a standout exception, suggests a new study. Cold rock lurks under this active Washington volcano.

Using data from a seismic survey (that included setting off 23 explosions around the volcano), Steven Hansen, a geophysicist at the University of New Mexico, peeked 40 kilometers under Mount St. Helens. That’s where the Juan de Fuca tectonic plate melts as it sinks into the hot mantle beneath the North American plate, fueling an arc of volcanoes that line up like lights on a runway. All except for Mount St. Helens, which stands apart about 50 kilometers to the west. Still, Hansen and colleagues expected to see a heat source under Mount St. Helens, as seen at other volcanoes.



Instead, thermal modeling revealed a wedge of a rock called serpentinite that’s too cool to be a volcano’s source of heat, the researchers report November 1 in Nature Communications. “This hasn't really been seen below any active arc volcanoes before,” Hansen says.


This odd discovery helps show what the local crust-mantle boundary looks like, but raises another burning question: Where is Mount St. Helens’ heat source? Somewhere to the east, suggests Hansen. Exactly where, or how it reaches the volcano, remains a cold case