The daily economic update:

16 June, 2010

Top stories:

1. Direct tax code relaxed by the government to keep all happy: the government has made relaxations in the direct tax code as submitted by the CBDT. Main relaxations include:

· The PPF, PENSION SCHEMES, PURE LIFE INSURANCE PRODUCTS AND ANNUITY SCHEMES remain in the EEE catg. i.e. exempt In all the three stages –savings, accretions and withdrawals

· Monetary limits for medical facilities and reimbursements offered by the employer to the employee to be enhanced

· The capital gains from sale of equity shares and units, both long term and short term, to be treated as income from ordinary sources and taxed accordingly.

· Basis of MAT calculations changed to book profits as opposed to gross asset value as suggested by the DTC

2. GTL leads race for RCOM tower biz: GTL infrastructures enters into a deal with RCOM where by the latter’s tower assets will be combined with the infrastructure entity. RCOM’s tower assets have been valued at a total of 30000 crore where 15000 crore will be paid in cash and the rest will be compensated by a share holding in the newly formed company, should this deal materialize.

3. Indirect tax collection rose by 49% in first two months of the current fiscal: the indirect tax revenues which include custom duties, central excise and service tax rose by around 49% in April-may of the current fiscal 2010. To about 35000 crore from a year ago. The main reason sited for this leap in the revenues is the high inflation rate esp. from the sectors like petroleum , textiles and chemicals, but also a 2% hike in median rate of central excise in this year’s budget.

4. RBI on a course to hike interest rates to cool off inflation: the central bank might resort to its much tested and dilapidated policy of controlling the inflation, i.e. raising the interest rates. This might happen in the when it meets next for it’s quarterly monetary policy review on july 27.

5. SENSE X CLOSED ON MONDAY AT 17412.83 UP BY .43 % ON MONDAY

6. NIFTY CLOSES AT 5222.35 UP BY .47% ON MONDAY

change in blog charachter

THE BLOG HAS NOW BEEN CONVERTED INTO A
FINANCIAL DIRECTORY WHERE DAILY ECONOMIC UPDATES WILL BE GIVEN.

ek lamhe mein simat aaya hai janmen ka safar ;
zindagi tez bahut tez chali ho jaise

love on this day

love is an irresistible desire to be irresistibly desired

gulshan ki faqat phoolon se nahi

kaaton se bhi zeenat hoti hai

jeene ke liye is duniya mein

gham ki bhi zaaroorat hoti hai

who deserves love?

have you ever felt that maybe the tears that you shed are not justified? and how does it feel after all the day of crying that you could have done much better with your day?
if you have not experienced this let me tells you
it feels sick and more sick by each passing second,
and if you have experienced it then maybe you could better identify with what i am about to write.
most of the pain and trouble , i feel , resides inside us. and its not caused by others or what others say to us but how we reflect on things. many times you start seeing and feeling things negatively. you feel that what every one is saying is just not in good spirit. that's when you should really get a grip.
just exactly when we feel that there is not enough love around we must realise that we are not passing enough of it to the others.
well what works for me then is to realise that firstly i m not a total goner and i still have goodness in me and i can set it right.
stop thinking about stuff that you cant control.
when you don't realise whose fault it is just never blame others.
and also don't ever ever be over critical of yourself. always realise that there will be times when i will feel negatively about others but i will never want to hurt anyone. give yourself space. you are trying to change your frame of mind its a big deal. just congratulate yourself for trying and have faith on yourself.
life is shining for you, but no amount of light will be enough if you always keep comparing it with the glitterati around you.
and love , its all around you and when you love people you will get it back.
TRUST ME!!

wouldnt you take me as your lover
wouldnt you hold me by your side
wouldnt you tell me i look different
everytime in look in your eyes