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Archive: 02 May 2011

Posts in 02 May 2011

Sexuality education cost-effective when mandatory and integrated – UN study

May 2, 2011 462 Views 0 comment Print

Programmes to impart sexuality education to young people are more cost-effective when integrated and mandatory, according to the findings of a United Nations study released today at a symposium in New York. The cost per learner in well established programmes ranged from $6.90 in Nigeria to $32.80 in the Netherlands, while smaller pilot programmes in Kenya and Indonesia indicated significantly higher costs, according to the result of a six-country study released by the UN Education, Scientific and Cultural Organization (UNESCO) at the meeting of the Inter-Agency Task Team (IATT) on Education of the Joint UN Programme on HIV/AIDS (UNAIDS).

Government restructures Technology Upgradation Fund Schemes (TUFS) for Textile Industry to boost investment in Technology

May 2, 2011 951 Views 0 comment Print

The Government has restructured the Technology Upgradation Fund Scheme (TUFS) – the flagship scheme of Ministry of Textiles for upgradation of technology in the textile and jute sectors. Ministry of Textiles has issued the Government Resolution on Restructured Technology Upgradation Fund Scheme for the period 28.04.2011 to 31.03.2012 (both the days inclusive) with an overall subsidy cap of Rs.1972 crore during the period. The Government Resolution lays down the financial and operational parameters and implementation mechanism for the Restructured TUFS.

ITR 1 & ITR 2 – Return Preparation Software for A.Y. 2011-12

May 2, 2011 16116 Views 0 comment Print

Income Tax Department has released ITR 1 Sahaj and ITR 2 Income Tax Return Preparation Utility as applicable for Assessment Year (A.Y.) 2011-12 or Financial Year (2010-11) which can be used to file Income Tax Return Online. Filing of Income Tax returns is a legal obligation of every Individual/HUF whose total income for the previous year has exceeded the maximum amount that is not chargeable for income tax under the provisions of the I.T Act, 1961. Income Tax Department has introduced a convenient way to file these returns online using the Internet.

Soon you will be able to Download your TDS Certificate online; Deductor will not be required to issue manually

May 2, 2011 3385 Views 0 comment Print

Under the new scheme Form 16/16A shall not be issued manually. A deductor shall download Form No. 16/16 A from the online system. The generation of firm 16/16A shall be based on the Form 26Q submitted by the Deductor. The tax credit shall be directly linked to the submission of TDS Returns. Every 16 /16A Form shall also have a unique Number and that number shall be used by the assessees for filling their returns.

Are The Banks / Financial Institutions Above Law?

May 2, 2011 2452 Views 0 comment Print

Why a Bank does not agree to any of the rights conferred on sureties by section 133, 134, 135, 139 and 141 of Contract Act, and any Rule of Law or Equity? A Case Study– Dena Bank (Letter of Guarantee):- Extracts of Paragraph nos. 4, 5, 6, 10 and 15 of Letter of Guarantee of Dena Bank are reproduced below–

2G scam -The 'flow' of Rs 200 crore to Kalaignar TV and back

May 2, 2011 1487 Views 0 comment Print

To cover up Rs 200 crore illegal gratification made to Kalaignar TV, agreements were executed after lodging of FIR in the 2G scam and money was channelled back to its source on A Raja’s resignation as Telecom Minister, the CBI has claimed. The agency has supported this contention on the basis of the statements of an accountant of DB Realty and Director of the Cineyug Films Pvt Ltd to establish that the money travelled between December 23, 2008 and August 7, 2009 from Shahid Balwa’s firm to Kalaignar TV in which DMK MP Kanimozhi has stake.

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