Budget 2011-12 How Much Upto Your Epectation?

Union Finance Minister Pranab Mukherjee presented the Budget for 2011-12 in Parliament today. Higher tax exemption limit for individuals, significant benefits for senior citizens, retention of service tax at 10 per cent and withdrawal of some duty exemptions were some of the major tax-related highlights of the Budget 2011-12.

Here is a look at which items are cheaper and which have become costly after the Budget:

Tax exemption limit raised to Rs. 1.8 lakh, from Rs. 1.60 lakh for individual tax payers.

For senior citizens, the qualifying age reduced to 60 years and exemption limit raised to Rs. 2.50 lakh from Rs. 2.40 lakh.

Citizens over 80 years to have exemption limit of Rs. 5 lakh.

Housing loan limit for priority sector lending raised to Rs.25 lakh.

1 per cent interest subvention on home laons upto Rs 15 lakh.

Basic food and fuel and precious stones, gold and silver jewellery will be exempted.

Basic customs duty on agricultural machinery reduced to 2.5 per cent from 5 per cent

Service tax widened to cover hotel accommodation above Rs. 1,000 per day, A/C restaurants serving liquor, some category of hospitals, diagnostic tests.

Service tax on air travel increased by Rs. 50 for domestic travel and Rs. 250 for international travel in economy class.

370 items that enjoy exemptions from central excise. 130 of these items that are mainly in the nature of consumer goods, the remaining 240 items to be brought into the tax net when GST is introduced.

3 per cent subsidy to farmers in FY 2012.

Basic customs duty on raw silk reduced from 30 to 5 per cent.

No new tax exemption limit for women.
How much you are satisfied with the budget?
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Service tax widened to cover hotel accommodation above Rs. 1,000 per day, A/C restaurants serving liquor, some category of hospitals, diagnostic tests



Nalco Head Abhay Kumar Srivastava Arrested on Bribery Charges

CBI arrested the CMD of the NALCO Mr. AK Srivastava and his wife for allegedly accepting bribe. The CBI arrested Srivastava and his wife Chandni Srivastava along with two accomplices, Bhushan Lal Bajaj and Anita Bajaj.

Abhay Kumar Srivastava appointed as a CMD in 2009, he is a mechanical engineer by profession and done his B. Tech in mechanical engineering and M. tech in industrial engineering from IIT, Delhi.

Mr. Srivastava has spent around 20 years of his life in National Thermal Power Corporation Limited. Further, he spent 5 years of his career working with Indian Petro Chemicals Corporation Ltd, a Navratan public sector under the ministry of chemicals and petro-chemicals.

The CBI arrested Srivastava when his wife was accepting an illegal gratification of three gold bricks, each weighing one kg, of 24 carat gold. His wife was accepting the bribe from the wife of a middleman who was brokering a deal between the CMD and a Madhya Pradesh-based private company.

At the time of the CBI raid, Srivastava’s wife, accompanied by the wife of the middleman, had just deposited the three gold bricks in a bank locker of the Bank of Maharashtra in the national capital.

The bank locker was in the name of the wife of the middleman. It was being operated by Srivastava’s wife “as benami”.

A search of the locker revealed seven more gold bricks of 1 kg each, golden ornaments weighing 188 grams and Indian currency of Rs.9.5 lakh. A search of Srivastava’s wife led to the recovery of Rs.5 lakh from her handbag and the key of another locker in the name of the wife of the middleman.

A search of the second locker led to recovery of Rs 15 lakh in cash.

The total recoveries amount to 10.188 kg gold and Rs 29.5 lakh in cash. The total value of the seizures works out to approximately Rs.2.43 crore at current prices of gold.

Rs 150 coin to be out soon

The special coins, to be released by Finance Minister Pranab Mukherjee before his Budget speech. For the first time in the country’s minting history, government will issue coins of Rs 150.

On the occasion of completion of 150 years, from 1860 to 2010, of the Income Tax department.
The Rs 150 coin, made of an alloy of Silver, Copper, Nickel and Zinc, will have an international design with ”Satyameva Jayate” and ”India” on the front side while a portrait of ”Chanakya and lotus with honeybee” on the reverse side.
While 200 coins will be minted in Rs 150 denomination, 100 such coins of Rs 5 will be issued.

200 coins will be issued with population of 1.1. billion!

Dum Maaro Dum

Dum Maaro Dum, Indian cinema’s most awaited film of 2011. Dum Maaro Dum’ starring Abhishek Bachchan, Deepika Padukone and Bipasha Basu.

Written by Sridhar Raghavan and directed by Rohan Sippy, Dum Maaro Dum is a perfect Goan delicacy.

Some of the scenes in the movie are moments of pure intimacy between Rana and Bipasha.

The story is based upon state’s ‘narcotics mafia and sex trade’. In bold big-sized letters, ‘Drugs’, ‘Cocaine’, ‘Sex’ and ‘Ecstasy’ run through the racy promo, which also shows rave party scenes and sexy bikini-clad foreigners.

Anti-narcotics cop nabbed with drugs

Two persons, including a Senior Inspector of Maharashtra police, were on arrested from central Mumbai for allegedly trying to sell 1.54 kg brown sugar worth Rs 15 lakh.

They had bought the drugs from Jammu and Kashmir and was going to deliver it to a local drug peddler.

Cops suspect that Dhawale has been part of an active drug-peddling racket for years now, and has been using his official position to buy drugs at a lesser price.

He also has also been threatening drug peddlers in the city that he will get them arrested.

In 2007, when he was posted at Vikhroli police station, the State Excise Department had arrested Dhawale. He was dismissed from service under Section 311 of the Bombay Police Acts. But subsequently reinstated a few months ago.

Dhawale is also said to have grabbed land worth several crores in Ghatkopar-Vikhroli-Parksite area in the last few years.
Strong punishment should be given to those involved in this act?

South African coach names dog after Sachin

South Africa bowling coach Vincent Barnes admitted he has kept his dog’s name Sachin.  Sachin is not here, I am missing him already,” Barnes.

Obviously he couldn’t bring him along, what with all the travelling but there are enough people back home to take care of him.

Barnes named his dog after Sachin Tendulkar, his favourite batsman.

“He’s a superman and is capable of anything.”

Sachin is legend how he can put legends name for his dog. If he put that name,why he want to disclose to press or entire public about this.

Isn’t that Insult?

Upcoming Movies Of Bollywood In 2011

In the year 2011 we are assured of some brand new concepts from the Indian Cinema in terms of quality, entertainment and lots of unseen dramas and thrillers with many new thoughts and ideas.

Here is the list of upcoming Hindi movies that are going to be released in the year 2011.

Run Bhola Run

Director– Neeraj Vora.
Cast – Govinda, Tushaar Kapoor, Amisha Patel
Run Bhola Run is an upcoming 2011 comedy film starring Govinda, TusharKapoor, Amisha Patel and Celina Jaitely in lead roles. The movie is mainly about two convicts who escape from jail. Govinda is icon and has kept us entertained with his great comic timing and dancing prowess. No one in the film industry has been able to make people laugh through their comedy performances except Govinda.

Game

Director– Abhinay Deo
Producer– Farhan Akhtar and Ritesh Sidwani
Cast – Abhishek Bachchan, Sarah Jane Dias
It stars Abhishek Bachchan, Sarah-Jane Dias, Kangna Ranaut, Boman Irani, and Jimmy Shergill, among others. The film is a stylish thriller and is shot at locations in Mumbai, Greece, Istanbul, London, and Thailand.Abhishek plays a druglord, Jimmy a movie star,Shahana a journalist and Boman a politician. All four of them are invited to an island by Anupam Kher where they meet Maya (Sarah Jane). A murder is committed and the investigation team headed by an officer played by Kangna tries to find the culprit among the four of them. Everyone is a suspect. Every suspect has a motive..

Thank You

Director– Anees Bazmee – Ronnie Screwvala
Cast – Akshay Kumar, Bobby Deol, Sonam Kapoor, Suniel Shetty
“Thank You”  movie is a pleasant romantic comedy. This is the first time Sonam and Akshay will be acting opposite each other.

Dum Maaro Dum

Director– Rohan Sippy
Producer– Ramesh Sippy
Cast – Abhishek Bachchan, Bipasha Basu
Dum Maaro Dum, is a total thriller film featuring Abhishek Bachchan, Bipasha Basu, Prateek Babbar and Rana Daggubati. Some of the scenes in the movie are moments of pure intimacy between Rana and Bipasha.

Don 2 – The Chase Continues

Director– Farhan Akhtar
Producer– Farhan Akhtar, Ritesh Sidhwani, Gauri Khan
Cast- Shahrukh Khan, Priyanka Chopra, Boman Irani, Om Puri
he film features Shah Rukh Khan in the lead with Priyanka Chopra, Boman Irani and Om Puri, reprising their roles from the previous film and Lara Dutta, Kunal Kapoor and Sahil Shroff joining the cast.  Hrithik Roshan will be seen in a guest appearance in the film.

Earthquake hits New Zealand

At least 65 people have been killed in an earthquake that hit the city of Christchurch in New Zealand. The 6.3 magnitude quake struck the country’s second-largest city on a busy weekday afternoon.
The airport was closed and Christchurch Hospital was evacuated. Power and telephone lines were knocked out, and pipes burst, flooding the streets with water. Some cars apparently parked on the street were buried under rubble.
Some people were stuck in office towers and firefighters climbed ladders to pluck people trapped on roofs to safety.
Some multi-storey buildings collapsed in on themselves, and others with walls that had collapsed into the streets, strewn with bricks and shattered concrete.
The city is home to about 350,000 people and is considered a tourist centre.

Kasab Announced Death Sentence But Still Time For It, Why?

Ajmal Kasab, watched via video- conference as the Bombay High Court confirmed his death sentence for waging war against India with the 26/11 attacks in Mumbai in 2008.

Kasab – the only terrorist caught alive during the 26/11 terror attacks – was sentenced to death last year by a trial court in Mumbai.

The Bombay High Court found that Kasab and his partner, Abu Ismail, killed 56 innocent people. Kasab, the judges said, was solely responsible for 7 deaths, including three of Maharashtra’s senior-most policemen.
Kasab has been kept in a special bomb-proof and bullet-proof cell at Mumbai’s Arthur Road Jail. Rs 45 crore has been poured into his security, which includes special jail and hospital cells. Since the daily expenditure is Rs 9 lakh.
The terrorist can now appeal in the Supreme Court against verdict. And he has one more option after that to appeal in front of President for mercy.
Imagine him eating biryani everyday when the families of the people he killed trying hard to have two meals a day. 
How can he get chance to appeal again and again?
Our farmers will die of hunger and these terrorists will live royal life behind the bars isn’t that sad?

Biggest Family in the World – One Husband – 39 wives In India

Indian citizen named Ziona Shana aged 67, married 39 women, having 94 children, 14 daughters in law, 33 grandsons which counts total of 181 members for one family !

Whole family lives together. All family members live in one house. The house consists of 4 floors & 100 rooms.One dinner meal consists of 30 chickens, 66 kg of potatoes, 110 kilos of rice.
Ziona’s eldest wife Zathiangi 69, and youngest wife’s age is 30. Ziona’s eldest son’s age is 50 Parliana.

While the younger wives have rooms connected to the master bedroom of Ziona, the older wives have been given rooms in different corners of the mansion.
All the cooking is done over an open fire kept burning throughout the day. It has its own school, a playground, carpentry workshops, piggery and poultry farms, paddy fields – and a vegetable garden big enough to feed the entire extended family.

The family’s home is called Chhuanthar Run – which translates as “the house of the new generation” – in the hills of Baktawng village, in the Indian state of Mizoram.