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Business : AIEEE Paper Leak Cost
on 2011/5/1 16:00:00

Today, AIEEE paper leaked and I just estimated its direct association with our economy. Here is the figure that will amaze you about how a culprit in the greed of few lakh Rupees can harm our National Economy.

Total Students to appear (my estimate at minimum side): 12 Lakh = 12,00,000 Students = 1.2 Million Students
Cost of Extra one day's travel and conveyance to re-appear in the examination (if happens) = Rs. 1,000
(I had taken minimum average only)
So 12,00,000 x 1,000 = 12,00,000,000 = 1200 Million = 120 Crore Rupees only!

So, we can loose 120 Crore Rupees and 12 Million Work days.

Now, feel more proud of being an Indian as this is just half of the money expensed over British Royal wedding of Kate and Williams which I mentioned in my earlier Notes which I calculated just one year interest amount of OUR Kohinoor diamond’s estimated worth.

Thank you.
Enjoy and Relax!
You can contact me via http://facebook.com/computerwave

Business : 44,404 files missing! Reg Trademarks are protected but not the files
on 2011/4/28 13:13:57

The Office of the Controller General issued a Public Notice about missing of a total of 44,404 files relating to registered trade marks from different branches of the Trade Marks Registry. This Public Notice was issued in pursuance of the directions issued by the Hon'ble Delhi High Court in a Civil Writ Petition.

Good that the Trade Marks Registry is having critical information in digital format in respect of all these missing files such as the trade mark applied for, the name of the applicant, the address for correspondence, agent on record as available in the Trade Marks Journal and details of renewal and subsequent changes available in the electronic history records of the concerned mark.

The trade mark office mentioned that it has now become necessary to reconstitute these files with inputs from the registered proprietors. It would also be in the interest of the registered proprietors to have the files reconstituted for better protection and maintenance of their marks.

Business : New Overseas I-Tax Units
on 2011/3/12 10:52:18

8 New ITOUs to be Operationalised in Next Fiscal
The Minister of State for Finance, Shri S.S. Palanimanickam, in written reply to a question raised in Lok Sabha today, said that the Government has taken steps to operationalise 8 new Income Tax Overseas Units (ITOUs) in France, Germany, Netherlands, Cyprus, U.S.A, U.K., U.A.E. and Japan in the next financial year

Two ITOUs have already been operationalised in Singapore & Mauritius in F.Y. 2010-2011. These Units are not engaged in tax collection process directly.

The mandate of ITOUs is to assist Indian Competent authorities, under the Double Taxation Avoidance Agreements (DTAAs)/ Tax Information Exchange Agreements (TIEAs), in its various works as well as to provide clarity on Indian taxation law in order to promote investment in India.

India News : Uniform Civil Code
on 2011/3/12 10:48:11

Bringing in a Uniform Civil Code involves changes in the Personal Laws including those of the minority communities. Therefore, it has been the consistent policy of the Central Government not to interfere in the Personal Laws of the minority communities unless the necessary initiatives for such changes come from a sizeable cross-section of such communities themselves.

This information was given by Dr.M.Veerappa Moily, Minister of Law and Justice in the Lok Sabha in a written reply.

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Business : F.C.C. going to Regulate Net Access!
on 2010/12/21 12:00:00


“The open Internet is a crucial American marketplace, and I believe that it is appropriate for the FCC to safeguard it by adopting an Order that will establish clear rules to protect consumers’ access. The Commission has worked tirelessly to offer a set of guidelines that, while not as strong as they could be, will nonetheless protect consumers as they explore, learn, and innovate online. As such, I plan to vote to approve in part and concur in part the Open Internet Order during the FCC’s open meeting tomorrow.

“I appreciate the hard work of my colleagues, and I am especially grateful for the commitment and dedication of Commissioner Copps, who has worked many years on behalf of consumers to ensure an open Internet. I also want to thank the many stakeholders who have worked diligently on these issues and took the time to call, write, and visit me to convey their concerns. I am also grateful to Chairman Genachowski, his staff, and the many others at the Commission who worked around-the-clock on this proceeding.

“As a Commissioner whose task is to safeguard consumers and the public interest, I will continue to watch the growth of the Internet and will applaud industry advances and milestones. I will also seek out and facilitate any collaboration between myself, my colleagues, corporate stakeholders, and public interest representatives, as there can be no better path forward than that which is achieved through consensus.”

Source: http://www.fcc.gov/

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