What should be the India's stand against pakistan ?

Its not at all surprising to note that Pakistan has misused its US Aid fund against India. Its a well known fact that even US is not unaware of the above scenario.When compared to the rest of the world Americans are considered as more self absorbed and they can go to any extent for fulfilling their never ending desires.

They need an ally(Muslim nation) to combat so called war on terrorism.We have already witnessed the truth that US has channeled funds through Pakistan's ISI to the native Afgan Mujahedeen fighting the Soviet occupation in an CIA program called "Operation Cyclone".

Now they are combating against the same terrorists. It definitely amounts to foolishness to rely on American's assurances, negative sanctions ( i don't think they do so),wait and watch tactics normally resorted by the Indian government.

Time has come to act. Indian government should take concrete steps by developing a model agency like MOSSAD(National intelligence agency of Israel) in the best interest of Nation. If necessary should take assistance from the Israel government which has successfully constrained the menaces of the Hama's Millitants.

Not only that India should explore diplomatic, economic and strategic alliances with rest of the world (except US & China which i consider as never reliable). We have lost 1962 war because of downplaying reports of illegal intrusions by China not this time if war comes.

We have to prove this entire world that the India which this world has witnessed during 1962 war is totally different from the one in the year 2009.

Well said by a learned person:

"nation born out of non violence shouldn't resort to violence but, i say should not stick to at the cost of life of fellow Indians".

IS NEW TAX CODE AGGRESSIVE ATTEMPT TO HAVE AN EQUITABLE TAX SYSTEM?

Hello readers,

Does the new tax code which is going to get implemented from the financial year 2011 is going to lead us to the equitable , progressive and balanced economy?Does it going to reduce the ambivalence which was prevailing under current Income Tax Act, 1961? Its the million dollar question ruling in the minds of millions of Indians.

First Let us consider the proposed changes and its impact on average individual under new tax code:

• The first slab continues to start at Rs. 1.6k(unchanged) and extends upto 10lakhs which is a welcome step but with the abolition of various exemptions, deductions and most of the tax payers who will end up paying higher taxes than they pay right now. On the other side of the coin persons falling under slab rate of 25 lakh will end up in paying less tax bills. Is it justifiable?

• People falling under low income category will also be hit by the proposal to abolish the exemption on HRA , home loan benefits and home loan interest...and other soaps.

• House hold savings which accounts for more than 35% are also going to be adversely affected by the introduction of Exempt Exempt Tax(EET) and over the above taxing capital gains which is definitely going to discourage domestic savings.

• I am unable to understand how Indian economy is going to catch the growth track without higher savings and investments.

• The tax payers falling in the Rs. 5-6 lakhs are going to get effected adversely where people in the highest income bracket are going to reap the maximum gains.....which may be good for certain companies operating in retail, financial services and entertainment but is going to effect realty, non banking finance companies.

• Considering the restricted scope of tax exempted savings, an average tax payer will be forced to invest in Public Provident fund or EPF but ......PAR PICTURE ABHI BAAKI HEIGH MEREY DOST.......interest earned on investment in EPF or PPF at the time of maturity or withdrawal will be taxable at the time of withdrawal or maturity.

• One of the major incentives for equity investors at present is tax exemption on capital gains earned on investments in equities or equity oriented fund for more than one year. However as per the proposed draft long term capital gains on equity shares could be taxable!

So, i hereby conclude by saying that tax liability on individual is going to become an influential factor in the future days to come.

CS N.ch Rangakrishna

Are you a true professional?

Hello friends,

Its true that for getting a Professional degree one has to undergo strenuous and cumbersome procedures and alot of sleepless nights, frustations, deviations and on the other node lot of expectations, day dreams and last but not least miracles which we are going to work out (Proposed to) with the organisation right from the moment we get Professional Degree etc.,

During our student life we live in future rather than present with higher expectations and assertions over the GOLDEN fruits which we are going to reap with our proposed degree(atleast by an average guy like me). Even i was under that conception during my Student life.

But, is Professional Life (Post Qualification) so convincing? Following are my few observations:

1. I firmly believe that not every one is cut out for becoming a TRUE PROFESSIONAL which requires alot of patience, passion, ability to learn from his past mistakes and dedication towards the profession.

2. You should have ability to communicate with various group of people and better acquaint with the culture of the firm in which you are working for better performance.

3. You should be loyal to the profession not to the organisation in which you are employed.

4. Inspire, invigorate, counsel your own team moments of need after all the team succeeds where individual effort fails

5. Don't hesitate to share your responsiblities with your team members as the interest of Professional should never exceed the Team.

If you lack above qualities but passionate about becoming a true professional you should definitely have to work on developing them. Never and ever bait and switch your selves because you deserve to become true professional.

Professionalism is an acquired skill gained through a variety of experiences both good and bad ones. Experiences give wisdom and a succesful professional should strike the fine balance between the human resources with that of other resources .

A true professional has to give the full credit to the people which will ensure the people to put their best in their job on hand after all now you are bounded(deemed) to become a true professional!

Readers views are solicited.

Chinese intrusions

Recent Chinese intrusions into Indian territory is definitely part and parcel of thier long term strategy.I see it as part of strengthening their relationship with Pakistan to confront India to secure Arunachal Pradesh& apart of Ladakh which they are claiming as their part of territory.

I firmly believe that weakening India's influence in the South Asia by opposing India's attempts to emerge as Asian power on the par with China is also part of their strategy.

The 1962 war was duly because of down playing the intelligence reports of illegal occupation of Indian territory by the Chinese in sectors such as Aksai Chin in Ladakh.

I feel that Indian Government has not learned lessons from its past history. Its must for us to have good relations with chinese neighbours such as Japan, South Korea, Taiwan andMangolia which are against Chinese devil area extension policy.

On the otherfront we are grave fortunate to have competent and energytic Military power but how do Indian government confront the diplomatic, economic and strategic intrusions is the question in every patriotic Indian's mind.