WEEK @ a GLANCE

Mukesh Ambani richest Indian : Gates on top Globally

Huawei announces first android smartwatch
PepsiCo to close its juice plant in Russia
Mary Kom decided to quit boxing after Rio Olympics
Maruti, Hyundai pos a single digit growth in February
BSNL to slash 3G data rates by 50 per cent
Its a boy for Tamil actor Ajith and Shalini
Rs 1000 cr agri loss in Maharashtra due to rains
Complexities make India a difficult place: VodaFone
Smuggling of Gold to continue if FMs scheme fail
Sensex to gain 10% by December 2015
Handset makers to increase prices upto 5%
Adlabs to raise Rs 467 crore via IPO on 10th March
Petrol prices up by 3.18/L, Diesel by 3.09/L
Google to offer its own cellular network plan
No eye contact biggest mistake of 2015 during job
interview
BUDGET 2015 evokes mixed responses: The Budget has received a mixed
response from global rating agencies with the US-based S&P saying that the annual
financial document seeks to keep the fiscal deficit in check despite subdued revenue
growth.
"India's 2015-16 Budget highlights the government's commitment to keep the fiscal
deficit low despite lower-than-expected revenue growth," Standard & Poor's said.
Another rating agency Moody's said the Budget has prioritised growth over fiscal
consolidation but it may not have any impact on the country's sovereign rating.
Fitch, however, said that the Budget has both positive and negative elements and that
India's medium-term fiscal consolidation strategy is less inspiring.
Rolling out a new fiscal consolidation roadmap, Finance Minister Arun Jaitley had said in
the Budget that fiscal deficit would be brought down to 3.9 per cent of GDP in 2015-16,
and then further to 3.6 per cent and finally to 3 per cent by 2016-17 and 2017-18,
respectively.
The Finance Minister had said that the government would achieve the 3 per cent fiscal
deficit target by 2017-18 as against 2016-17 as it intends to increase public investment
to boost growth.
S&P said this commitment moderates the drag on sovereign credit support posed by the
relatively heavy general government debt burden in India.
Besides, Moody's said the credit impact of the Budget will depend on whether its
implementation facilitates growth that is primarily driven by government expenditure or
growth that sets the stage for higher savings, investment, productivity and profitability.
"India's Budget, which prioritises growth over deficit reduction, is unlikely to materially
change India's sovereign credit profile, which is supported by the economy's robust
growth but constrained by the government's weak fiscal metrics," Moody's said.
It said the Budget contains several measures that, if effectively implemented, will
accelerate India's GDP growth. Jaitley, in his Budget speech, had said that growth in
2015-16 is expected to rise to 8-8.5 per cent, from 7.4 percent in current fiscal.

NIFTY 8956.75 (+54.90)

SENSEX 29459.15 (+97.64)
GOLD 26505.00 (+28.00)
SILVER 36650 (-66.00)
CRUDE OIL 3149.85 (+85.00)
DOLLAR 61.8650 (+0.04)

SELFIE CULTUREs Not

going to DIE SOON:

With the spurt in technology,

posting a selfie on social media
will only grow and remain part of
the global cultural landscape for
years to come
The report examined the culture
of selfies, including why people
are interested in them, what
purpose they serve and how
people can use selfies to express
themselves.

Budget 2015 is an excellent document because it lays down a predictable

and business friendly environment for the rest of the term of this
government. It is forward looking budget that gives a great sense in terms
of directional clarity of what the finance minister wants to do. He had laid
down the intent and the road map for the economy and has clearly spelt
out the vision of the government.
The budget covers a whole spectrum of areas that are directed at
giving a boost to the economy and channeling funds for public good. The
minister has clearly focused on the key elements of infrastructure,
including the development of the roads, housing, electrification of villages
and employment generation. To move forward the vision of healthy India,
hygiene and cleanliness programmes have been accorded priority and
contribution towards swachh bharat fund have been made tax exempt.
There is a focus on increasing health care by widening the health
insurance net. The further opening up of foreign investment, tax free
bonds for infrastructure, simplification and progressive reduction in
corporate taxes are welcome steps. Overall a very good budget .We look
forward to this getting executed and India crossing an 8percent GDP.

Railway Minister Suresh Prabhu has spared

passengers from any hike in fares but made
changes in freight rates to rake in more money
while ruling out privatisation
Presenting the first full-fledged Rail Budget of
the Modi government for 2015-16, Prabhu also
announced a number of new passenger-friendly
initiatives like 'Operation 5-minute' so that
ticketless passengers get regular tickets within
five minutes of entering station.
One of the good things mentioned in the
budget is that now one can book tickets 120
days in advance instead of 60. A lot of
technology has been used ; To allow SMS as
valid proof of ticket,To launch 138 as 24x7
helpline number,To launch mobile app for
complaints,To introduce e-catering in 108
trains.One of the negative drawbacks according
to me is providing wifi services at 400 railway
station.Wifi is not a necessity at the railway
station as most of the people who have smart
phones use mobile data. The money can be
instead wisely used to keep the railway stations
clean. They have also mentioned about making
delhi-mumbai,delhi Kolkata an overnight
journey which seems to be a great thing to look
forward. Most of the Indian population is happy
with the railway budget. The real revolution of
integrating Indian railways with progress of
India begins .

Lets Talk about Women Empowerment

There is a recently launched NGO called
Santosh. The work Profile of this NGO
include:
1. Filling online aadhar cards and voter
ID cards for women below poverty
line.
2. Filling RTI for homes having now
electricity and water
3. Delivering healthy and safety
seminars in municipal schools.
Help is needed for the same. Feel free to
contact me at any hour
Pearl Majithia : +91-98700 08256

SECTOR WISE HIGHLIGHTS OF BUDGET 2015:

TAXATION
1
Abolition of Wealth Tax.
2
Additional 2% surcharge for the super rich with income of over Rs. 1 crore.
3
Rate of corporate tax to be reduced to 25% over next four years.
4
No change in tax slabs.
5
Total exemption of up to Rs. 4,44,200 can be achieved.
6
100% exemption for contribution to Swachch Bharat, apart from CSR.
7
Service tax increased to14 per cent.
AGRICULTURE
1
Rs. 25,000 crore for Rural Infrastructure Development Bank.
2
Rs. 5,300 crore to support Micro Irrigation Programme.
3
Farmers credit - target of 8.5 lakh crore.
INFRASTRUCTURE
1
Rs. 70,000 crores to Infrastructure sector.
2
Tax-free bonds for projects in rail road and irrigation
3
PPP model for infrastructure development to be revitalised and govt. to bear majority of the risk.
4
Atal Innovation Mission to be established to draw on expertise of entrepreneurs, and researchers to foster scientific
innovations; allocation of Rs. 150 crore.
5
Govt. proposes to set up 5 ultra mega power projects, each of 4000MW.
EDUCATION
1
AIIMS in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Bihar and Assam.
2
IIT in Karnataka; Indian School of Mines in Dhanbad to be upgraded to IIT.
3
PG institute of Horticulture in Amritsar.
4
Kerala to have University of Disability Studies
5
Centre of film production, animation and gaming to come up in Arunachal Pradesh.
6
IIM for Jammu and Kashmir and Andhra Pradesh.
DEFENCE
1
Allocation of Rs. 2,46,726 crore; an increase of 9.87 per cent over last year.
2
Focus on Make in India for quick manufacturing of Defence equipment.
WELFARE SCHEMES
1
GST and JAM trinity (Jan Dhan Yojana, Aadhaar and Mobile) to improve quality of life and to pass benefits to common
man.
2
Six crore toilets across the country under the Swachh Bharat Abhiyan.
3
MUDRA bank will refinance micro finance orgs. to encourage first generation SC/ST entrepreneurs.
4
Housing for all by 2020.
5
Upgradation 80,000 secondary schools.
6
DBT will be further be expanded from 1 crore to 10.3 crore.
7
For the Atal Pension Yojana, govt. will contribute 50% of the premium limited to Rs. 1,000 a year.
8
New scheme for physical aids and assisted living devices for people aged over 80 .
9
Govt. to use Rs. 9,000 crore unclaimed funds in PPF/EPF for Senior Citizens Fund.
10
Rs. 5,000 crore additional allocation for MGNREGA.
11
Govt. to create universal social security system for all Indians.
RENEWABLE ENERGY
1
Rs. 75 crore for electric cars production.
2
Renewable energy target for 2022: 100K MW in solar; 60K MW in wind; 10K MW in biomass and 5K MW in small hydro
TOURISM
1
Develpoment schemes for churches and convents in old Goa; Hampi, Elephanta caves, Forests of Rajasthan, Leh palace,
Varanasi , Jallianwala Bagh, Qutb Shahi tombs at Hyderabad to be under the new toursim scheme.
2
Visa on Arrival for 150 countries.
GOLD
1
Sovereign Gold Bond, as an alternative to purchasing metal gold.
2
New scheme for depositors of gold to earn interest and jewellers to obtain loans on their metal accounts.
3
To develop an Indian gold voin, which will carry the Ashok Chakra on its face, to reduce the demand for foreign coins
and recycle the gold available in the country.
FINANCIAL SECTOR
1
Forward Markets Commission to be merged with the Securities and Exchange Board of India
2
NBFCs registered with the RBI and having asset size of Rs 500 crore and above to be considered as financial institution
under Sarfaesi Act, 2002, enabling them to fund SME and mid-corporate businesses
3
Permanent Establishment norms to be modified to that mere presence of offshore fund managers in the country does
not lead to adverse tax consequences.

6 HIGHEST PAYING JOBS:

Amid speculations and guess work, TimesJobs.com asked industry experts about the highest paying jobs of 2015. Employers
are back in the hiring mode and the evidence of their renewed optimism across all industry sectors can be seen. Amid
speculations and guess work, TimesJobs.com asked industry experts about the highest paying jobs of 2015.
Chartered Accountants (CAs) - Companies are dependent on CAs and
CFAs to keep their books handy for audit and annual financial
planning. For which they are willing to pay what the professionals
demand. They work in different areas such as financial accounting, tax
management, auditing, cost accounting, banking and consultancy.
Research and Advanced Analytics - As e-commerce players are
building their analytics capabilities and in a bid to get the right
analytics talent, they are offering lucrative salaries to research
analysts across levels.
IT Professionals - Software and systems engineer (read software developers, applications and systems software) have always
been in high demand and thus paid well. These jobs are said to be recession-proof and paid much higher than other tech
professionals. For freshers, the salary might be average but eventually, with seniority one gets high payouts.
Chief Digital Officers or Digital Marketers - As the world is realising the potential of the digital age, most companies are
looking at creating a niche role of a Chief Digital Officer. The role is core to customer engagement thereby, directly impacting
revenues, and they are taking home a heavy pay cheque as well.
Para-medical Individuals- Emergency medical care has become a critical function in the Healthcare Industry. Paramedics are
professionals who work in emergency medical situations. Owing to high demand and the critical nature of their work in metros
as well as Tier I & II cities, paramedic professionals are paid well.
Big Data: By 2015, more than 15 billion devices will be connected to the Internet. Generating a new wave of big data in
industries such as Manufacturing Automation, Energy and Transportation will demand skilled big data professionals. Being
hard to find, talent companies will pay premium salaries to get skilled professionals in this domain.

YOUR GUIDE TO PERSONAL TAX:

Proposal: It is proposed to abolish wealth tax from financial
year 2015-16.
Impact: This will lower the compliance burden on taxpayers
who will not have to value their taxable assets and file a
separate wealth tax return. It will also ease the administrative
burden on the tax department. However, the assets will now
have to be disclosed in the income tax return.
Proposal: Rate of surcharge on income exceeding Rs 1 crore is
to be increased to 12% from 10%.
Impact: This will increase maximum marginal rate of tax to
34.61% from 33.99% for the super rich.
Proposal: Exemption limit for transport allowance is to be increased to Rs 1,600 per month from Rs 800 per month.
Impact: This will enable tax savings of up to Rs 3,322.
Proposal: Deduction for medical insurance premium paid for self and family is proposed to be increased to Rs 25,000 from Rs
15,000. Similar deduction for premium paid for parents is also proposed to be increased to Rs 25,000 from Rs 15,000. Where
premium is paid for senior citizens (aged 60 years and above), the deduction is proposed to be increased from Rs 20,000 to Rs
30,000. For uninsured very senior citizens (aged 80 years and above), the deduction within the above ceiling of Rs 30,000 is
available for medical expenses incurred.
Impact: If all of the above are availed of, it will enable tax savings of up to Rs 6,922.
Proposal: Deduction for contributions to the New Pension Scheme is currently capped at Rs 1 lakh. It is proposed to remove
such cap and allow deduction up to the overall ceiling of Rs 1.5 lakh (as available for deduction in various savings instruments).
Further, an additional deduction of Rs 50,000 for contributions to the NPS is proposed.
Impact: Taxpayer can claim deductions for contributions to the New Pension Scheme up to the overall ceiling of Rs 1.5 lakh.
Further, an additional deduction of Rs 50,000 will enable tax savings of up to Rs 17,304.
Proposal: Cap for the deduction for contributions to prescribed annuity/pension plan such as that of Life Insurance Corporation
has gone up from Rs 1 lakh to Rs 1.5 lakh.
Impact: This will enable a taxpayer to claim deduction for contributions to such plans up to the overall ceiling of Rs 1.5 lakh.
Proposal: Deduction under Section 80C is proposed to
be introduced retrospectively from FY 2014-15 for
subscriptions made towards Sukanya Samriddhi
Scheme, relating to education of the girl child. Further,
any payment received from such a scheme is proposed
to be exempt from tax.
Impact: This will enable the parent/legal guardian of
girl child to not only claim deduction on investment
but also save tax on payments received from the
scheme.
Proposal: Deduction under Section 80G is proposed to be introduced retrospectively from FY 2014-15 for donation made to
Swachh Bharat Kosh and Clean Ganga Fund to the extent of 100% of the donation. Similar deduction is available for donations
made to National Fund for Control of Drug Abuse ffrom 2015-16.
Impact: This will enable tax saving on the full amount of donation made to these funds.
Proposal: It is proposed to make the employer responsible for obtaining evidence of deductions/exemptions/set-off of certain
losses of employees for computing the amount of tax deductible at source.
Impact: This move is intended to curb generation of black money by way of dealings in cash in immovable property transactions

The Most Awaited

WORLDCUP FEVER

Panel

The 2015 Cricket World Cup is the 11th Cricket World Cup, jointly hosted
by Australia and New Zealand from 14 February to 29 March 2015. India being the
defending champions have played very well in their 3 matches against Pakistan, South
Africa and UAE. With having New Zealand at the top in POOL A and INDIA in POOL B world
cup 2015 is to have an exciting journey in the upcoming days. We all hope the Defending
champions #wont give it back.

Discussion
Coming Soon

How to buy happiness

with Money: To make the

Team Findrome With MD and CEO of The Bombay Stock Exchange Mr. Ashish Chauhan at
BSE headquarters. From Left to right: Sanket Parakh- Assistant Vice President, Mr. Ashish
Chauhan, Suraj Mehta President, Bhairav Desai, Santhosh Sasnoor and Gautam Chaddha)

most of your money, better go

for a vacation rather than
spending it on a designer dress,
suggests a new study led by an
Indian-origin researcher.
Money spent on 'doing' or on
experiences may provide more
enduring happiness than money
spent on having material
possessions, the findings
showed.
The researchers found waiting
for an experience elicits
significantly more happiness,
pleasantness and excitement in
people than waiting for a
material good.
"The anticipatory period (for
experiential purchases) tends to
be more pleasant...less tinged
with impatience relative to
future material purchases we're
planning on making," explained
lead researcher Amit Kumar
from the Cornell University.
Given the results, the
researchers suggested that it
may make sense to delay some
purchases and shift spending
away from material goods to
more experiences.
In short -- start planning for
vacations, dinner parties and
concerts ahead of time to reap
more benefits from anticipation.
The study was published in the
journal Psychological Science.