Union Budget 2016 Highlights.

Union Budget 2016 Highlights.

1. Rs. 35984 crores allotted for agriculture sector.
2. Rs. 17000 crores for irrigation projects.
3. Two new Organic farming scheme for 5 lakh acres.
4. Rs. 19000 crores for Gram Sadak Yojana
5. Rs. 9 Lakh Crores Agriculture Credit Target.
6. Rs. 38500 crores for MANREGA, highest ever.
7. Rs. 2.87 Lakh crores to be spent on Villages in total.
8. Rs. 9000 crores for Swach Bharat Mission.
9. Rs. 97000 Crores for Roads.
10. Total Outlay on Roads and railway Rs. 2.18 Lk Crores.
11. Rs. 2.21 Lakh Crores on Infra Projects.
12. NHAI to raise Rs. 15000 crores via NHAI Bonds.
13. More benches for SEBI Appellate tribunal.
14. Registration of Company in One Day for Start-ups.
15. Rs. 25000 crores for Banks rehabilitation.
16. 100% FDI for food processing.
17. Non planned expenditure of Rs. 14.28 Lk Crores.
18. Planned expenditure increased by 15.3% .
19. Relief Section 87A Rs. 2000 to Rs. 5000
20. Relief Sec 80GG Rs. 24000 to Rs. 60000
21. Section 44AD limits Rs. 1 crores to Rs. 2 crores. Rs. 50 Lakh for professional
22. Accelerated depreciation limited to 40%
23. New manufacturing companies will pay tax @ 25%.
24. LTCG on unlisted securities limited to 2 years.
25. 100% tax deduction for companies building houses upto 30 sq. mtrs.
26. Additional interest deduction for first house.
27. No service tax for building houses upto 60 sq mtrs.
28. 10% dividend tax for recipient over Rs. 10 lakh per annum.
29. TCS on purchase of asset over Rs. 2 Lakh in case and luxury cars.
30. VDS Scheme @ 30% + surcharge, Ist June to 30th September 2016.
31. Dispute resolution for appeal pending before Commissioner(Appeals).
32. Penalty for concealment of Income from 100-300% to 50-200%.
33. Rationalisation of TDS provisions.
34. 11 new benches for Income Tax Appellate tribunal.
35. No face to face scrutiny.

Top Headlines - 29.02.2016

Top Headlines - 29.02.2016
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1. The Union Home Minister Shri Rajnath Singh inaugurated Integrated Operations Control Room (IOCR), Bhaskaracharya Institute for Space Applications and Geo Informatics (BISAG) & Tele-medicines projects.

2. The Afghan passport has been identified as the least powerful in the world and the German Passport is the most powerful passport in the world for third year in row. Indian Passport has been placed at 48th position in the list of 50 Most Powerful Passports in the world.

3. Gianni Infantino of Switzerland has been elected as the President of World football's governing body (FIFA). He will replace 79 years old Sepp Blatter. Gianni is also the General Secretary European Governing body (UEFA).

4. President Pranab Mukherjee launched country's largest conservation project and Kerala's first green project 'Muziris Heritage project' at the oldest port town, about 50 km from Kochi.

5. Bollywood actor Ranveer Singh will be awarded with the Master Dinanath Mangeshkar Award.

6. Malyalam Filmmaker Rajesh Pillai died. He was 41.

7. The Academy of Science Fiction, Fantasy and Horror Films has nominated India's mega-budget film "Baahubali: The Beginning" for the 42nd Saturn Awards under five categories.

8. Uttarakhand's Gurmeet Singh turned out to be the winner as a record number of seven Indian 20 km race walkers bettered the Rio Olympics qualifying standards on a fast Jaipur course in the National Championships.

9. According to the Economic Survey 2015-16, India is far from being a full tax-paying democracy with about 5.5 per cent of the people who earn paying tax and only 15.5 per cent of the net national income being reported to the tax authorities.

Vocabulary Words – 29.02.2016

Vocabulary Words – 29.02.2016
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1. PROGENITOR (NOUN): predecessor

Synonyms: ancestor, precursor

Antonyms: successor, descendant

Example Sentence:

The King has chosen his progenitor.

2. KITTENISH (ADJECTIVE): playful

Synonyms: sportive, childish Antonyms: lethargic, stiff

Example Sentence:

With the passage of time, people lose their kittenish habits.

3. RAVEN (VERB): overeat

Synonyms: prey, stuff Antonyms: abstain, reduce

Example Sentence:

You have to quit your raven eating habits.

4. CHOCKER (ADJECTIVE): crowded

Synonyms: congested, jam-packed Antonyms: empty, deserted

Example Sentence:

I hate the chocker streets of my city.

5. HYPNOSES (NOUN): unconsciousness

Synonyms: coma, slumber Antonyms: consciousness, wakeful

Example Sentence:

The victim has recovered from hypnoses and you can interrogate him.

6. FOURBERIE (NOUN): deception

Synonyms: deceit, fake Antonyms: honest, truthful

Example Sentence:

Mr. Dey is an expert in fourberie. Hence, beware of him.

7. VAGABOND (ADJECTIVE): a person who leads an unsettled life

Synonyms: wanderer, gypsy Antonyms: settled, local

Example Sentence:

Stop acting like a vagabond and get settled in life like Mr. Singh.

8. HOBO (NOUN): a homeless person

Synonyms: tramp, wanderer Antonyms: rich, prominent

Example Sentence:

Have mercy on hobos, they deserve to live with respect too.

9. PLUVIAL (ADJECTIVE): precipitating

Synonyms: wet, damp Antonyms: dry, rough

Example Sentence:

It’s extremely humid and pluvial outside.

10. NATTER (VERB): nonstop speaking

Synonyms: chatting, talking Antonyms: shut up, calming

Example Sentence:

I am tired of Noor’s constant natter about his i-card tag.

Vocabulary Words - 27.02.2016

Vocabulary Words - 27.02.2016
============================

1. EQUITABLE (ADJECTIVE): equal to all

Synonyms: impartial, proper

Antonyms: biased, intolerable

Example Sentence:

The Indian Penal Code is equitable for every criminal.

2. CUNCTATION (NOUN): disturbance

Synonyms: interruption, adjournment Antonyms: assistance, promotion

Example Sentence:

The opposition is creating problems in the parliament by regular cunctations.

3. MUCKRAKER (NOUN): the one who finds faults

Synonyms: quibbler, vilifier Antonyms: supporter, promoter

Example Sentence:

Mr. Kumar is a muckraker, ignore him and do your work.

4. GAUDY (ADJECTIVE): immoral

Synonyms: uncultured, flashy Antonyms: cultured, moral

Example Sentence:

Students should avoid gaudy things in order to achieve their goals in life.

5. SYNERGISM (NOUN): teamwork

Synonyms: coaction, unity Antonyms: division, solitary

Example Sentence:

Synergism is an extremely important aspect for companies these days.

6. DIMMET (NOUN): early evening

Synonyms: nightfall, sundown Antonyms: daybreak, sunrise

Example Sentence:

Ms. Rastogi teaches the poor children of her locality at dimmet.

7. PEEWEE (ADJECTIVE): small

Synonyms: miniature, pint sized Antonyms: enormous, huge

Example Sentence:

Try to avoid peewee mistakes while writing any application.

8. UNFURL (VERB): spread out

Synonyms: unwind, unroll Antonyms: conceal, compress

Example Sentence:

The Prime Minster unfurled the tricolor on 15th August.

9. SUAVENESS (NOUN): courtesy

Synonyms: charm, refinement Antonyms: immorality, vulgarity

Example Sentence:

Learn suaveness to keep your family and friends happy.

10. ARCIFORM (ADJECTIVE): curved

Synonyms: arched, bent Antonyms: straight, aligned

Example Sentence:

His legs have become permanently arciform after the accident.

Top Headlines - 27.02.2016

Top Headlines - 27.02.2016
=======================

1. The government has appointed Rajendra Singh as the Director General (DG) of Coast Guard, the country’s coastal protection force. This is the first time an officer from within has been promoted as its Chief.

2. Leading global telecom operators including China Mobile, Vodafone, Bharti Airtel and SoftBank have joined hands to launch five-year programme GTI 2.0, which aims to advance existing 4G technology and industrialization of 5G technologies.

3. Bangladeshi cricketer Mashrafe Bin Mortaza was appointed as National Goodwill Ambassador for Youth by the United National Development Programme (UNDP). Mashrafe Mortaza will work for the development of youth.

4. Haiti's provisional president has appointed reputable economist Fritz Jean as the new prime minister of the country.

5. The UAE Space Agency has signed a significant memorandum of understanding (MoU) with the UK Space Agency, aiming to facilitate collaboration between the two countries in the short and long terms.

6. China's five biggest commercial banks announced that they will no longer charge fees on domestic yuan transfers through cellphone, including inter-bank transactions.

7. Renowned writer Dr Sunita Jain was selected for Vyas Samman 2015 for her Poetry collection 'Kshama'. This award is given by K K Birla Foundation.

8. U.S. Air Force successfully tested its Intercontinental ballistic missile. This is 15th test of US since January 2011.

9. Eminent actor of Hindi cinema Naseeruddin Shah inaugurated the second edition of 'film preservation & restoration workshop India 2016'.

10. India ranks first in milk production, accounting for 18.5 per cent of world production, achieving an annual output of 146.3 million tons during 2014-15 as compared to 137.69 million tons during 2013-14 recording a growth of 6.26 per cent. The FAO has reported a 3.1 per cent increase in world milk production.

11. According to UN's first global assessment of pollinators report released in Oslo, Bees and other pollinators face increasing risks to their survival, threatening foods such as apples, blueberries and coffee worth hundreds of billions of dollars a year. Pesticides, loss of habitats to farms and cities, disease and climate change were among threats to about 20,000 species of bees as well as creatures such as birds, butterflies, beetles and bats that fertilise flowers by spreading pollen.

12. Despite the global meltdown, Indian economy will continue to grow more than 7 percent for the third year in succession in 2016-17 helped by a normal monsoon. According to Economic Survey (2015-16), conditions do exist for raising the economy’s growth momentum to 8 percent or more in the next couple of years.

13. Reliance Industries has emerged as the top company in terms of corporate social responsibility (CSR), having spent over Rs. 760 crore, followed by state-owned ONGC and IT giant Infosys. The new Companies Act mandates every company with a net worth of Rs. 100 crore to set aside minimum 2 per cent of their three-year average annual net profit for CSR activities.

Vocabulary Words - 24.02.2016

Vocabulary Words - 24.02.2016
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1. AGAPE (ADVERB): amazed

Synonyms: confounded, astonished

Antonyms: expect, clear up

Example Sentence:

They stand agape before the universal competence of this wonderful genius.

2. IREFUL (ADJECTIVE): furious

Synonyms: crazed, frenetic Antonyms: calm, elated

Example Sentence:

In this ireful frame of mind, Mabel met the members of the Council.

3. ACCOST (VERB): approach for conversation or solicitation

Synonyms: annoy, confront Antonyms: avoid, dodge

Example Sentence:

The father decided to teach her daughter a gentle lesson and not accost her.

4. LETHAL (ADJECTIVE): deadly

Synonyms: dangerous, destructive Antonyms: harmless, beneficial

Example Sentence:

Even in the case of violent demonstrations, lethal force may be used as a last resort only.

5. ABYSMAL (ADJECTIVE): great extent; immeasurable

Synonyms: boundless, complete Antonyms: infinite, low

Example Sentence:

For everybody else, public schools were the only option—and these institutions have an abysmal record.

6. SUFFERANCE (NOUN): discount; concession

Synonyms: rebate, reduction Antonyms: increase, refusal

Example Sentence:

Having no tenure, and his future career being at the sufferance of her political enemies, objectively he lacked independence.

7. DIDDLY (NOUN): nothing

Synonyms: ounce, shred Antonyms: lot , plenty

Example Sentence:

The charge of racism without a diddly proof, much less irrefutable evidence, is doing terrible damage to our cultural fabric.

8. VISCEROUS (ADJECTIVE): intuitive

Synonyms: instinctive, natural Antonyms: material, physical

Example Sentence:

It seemed to me that in spite of her lack of previous training she had a viscerous gift for language.

9. SNAP (NOUN): easy thing to accomplish

Synonyms: ease, pie Antonyms: difficulty, complexity

Example Sentence:

Others took a moment to snap photos with Bollywood stars.

10. ELUSIVE (ADJECTIVE): evasive, mysterious

Synonyms: ambiguous, tricky Antonyms: honest, stable

Example Sentence:

Naturally, foreign journalists have beaten a path to the relative safety of neighboring Kenya to interview the elusive pirates.

Top Headlines - 24.02.2016

Top Headlines - 24.02.2016
======================

1. The Finance Minister, Shri Arun Jaitley, inaugurated an exhibition on the “Coin and Currency of India” in the Great Hall of North Block.

2. Indian-origin Sikh officer Amar Singh appointed Kuala Lumpur's Commissioner of Police. It is the highest police rank achieved by a Sikh in Malaysia.

3. Pakistan parliament became the first in the world to completely run on solar power, a venture supported by China with USD 55 million funding.

4. India has yet again emerged as the world's largest importer of arms, with Russia being the top supplier garnering 70 per cent of the Indian market, a Stockholm-based think-tank said.

5. Actress Lucy Liu has been named as Harvard University’s Artist of the Year. The Harvard Foundation presented her with the honour at the Cultural Rhythms Festival for contributions to the performing arts and humanitarian work as UNICEF Ambassador.

6. Long-distance runner Lalita Babar was named as the Sports Person of the Year in the India Sports Awards 2015.

7. National Award winner Malayalam film 'Ottal' has been named the best children's film at the 66th Berlin International Film Festival and honoured with the Crystal Bear award in the 'Generation KPlus' section.

8. India's Kumaravel Prem Kumar bagged silver in long jump at the 7th Asian Indoor Athletics Championships in Doha, Qatar. Prem Kumar cleared a creditable 7.92m in his final attempt to win the silver.

9. Health Minister JP Nadda inaugurated international conference on Antimicrobial Resistance in New Delhi.

10. According to WTA Tennis ranking American tennis player Serena Williams has remained on No.1 spot. Serena Williams hits 157 consecutive weeks at No.1, passing Martina Navratilova for the second-longest streak at No.1 in WTA history.

Vocabulary Words - 25.02.2016

Vocabulary Words - 25.02.2016
=========================

1. EMINENCY (NOUN): eminence

Synonyms: distinction, excellence

Antonyms: unimportance, imperfection

Example Sentence:

Is it your grace and goodness, or eminency in religion that you are proud of?

2. EREMETIC (ADJECTIVE): non-participating; avoiding company

Synonyms: alienated, antisocial Antonyms: friendly, participating

Example Sentence:

Our study of Buddhism has brought to light its extremely individualistic nature, and its lack of eremetic ideal.

3. DEVOUR (VERB): swallow, consume

Synonyms: absorb, ingest Antonyms: preserve, create

Example Sentence:

You get the sense that they want to eat each other, to devour each other.

4. ROILY (ADJECTIVE): turbid

Synonyms: blurred, confused Antonyms: clear, understanding

Example Sentence:

The water was not roily, but of a rich coffee-color, from the leaching of the woods.

5. STINGINESS (NOUN): a lack of generosity

Synonyms: greed, avarice Antonyms: philanthropy, generosity

Example Sentence:

I am tired of the stinginess shown by him.

6. SCALPING (VERB): charging extra money

Synonyms: fleece, overcharge Antonyms: discount, free

Example Sentence:

The shopkeeper was condemned for scalping foreign tourists.

7. FLAKY (ADJECTIVE): mad

Synonyms: eccentric, insane Antonyms: sane, normal

Example Sentence:

Ms. Roma is absolutely flaky when it comes to talking.

8. LAPIDATING (VERB): throwing

Synonyms: bombarding, pelting Antonyms: collecting, catching

Example Sentence:

I don’t know who told you to start lapidating stones at him.

9. XING (VERB): blemish, stain

Synonyms: blot, dent Antonyms: smoothen, mend

Example Sentence:

Your wrong actions will xing our department in the future.

10. FRITH (VERB): protect

Synonyms: secure, guard Antonyms: endanger, expose

Example Sentence:

The security agencies tried their best to frith the minister but they failed.

Top Headlines - 25.02.2016

Top Headlines - 25.02.2016
======================

1. The Indian economy is expected to grow at 7.4 percent in the current fiscal, slightly lower than 7.6 percent projected in advance estimates of Central Statistics Office, industry body FICCI said.

2. RBI has extended the currency swap arrangement to SAARC nations till November 14, 2017. Under the arrangement, RBI will be offering swap arrangement up to an overall amount of USD 2 billion both in foreign currency and Indian rupee.

3. Former Chief Justice of India Justice H. L. Dattu was selected as the next Chairperson of the National Human Rights Commission.

4. Distinguished Scientist K. N. Vyas took over as the Director of Bhabha Atomic Research Centre (BARC). He succeeded Sekhar Basu, Chairman, Atomic Energy Commission and Secretary to the Government of India, Department of Atomic Energy.

5. Justice Dinesh Maheshwari of Lucknow bench of the Allahabad High Court sworn-in as the chief justice of the Meghalaya High Court.

6. The Assam Cabinet approved the detailed project report (DPR) for a Mass Rapid Transit System (MRTS) for Guwahati. The cabinet also gave green signal to setting up of the Guwahati Metro Rail Corporation Limited.

7. Board of Control for Cricket in India (BCCI) vice-president C. K. Khanna has been appointed the principal advisor to the supervisory committee for the ICC World T20 matches to be held at the Ferozeshah Kotla stadium by retired Justice Mukul Mudgal.

8. Australia has replaced India at the top of the world's test rankings with a 2-0 test series victory over New Zealand.

9. Indian tennis star Sania Mirza and her Swiss partner Martina Hingis defeated the Chinese pair of Yi-Fan Xu and Saisai Zheng in the WTA Qatar Open to extend their unbeaten streak to 41 matches.

10. Union Minister of Heavy Industries & Public Enterprises (MoHI & PE), Shri Anant G Geete inaugurated a new state of the art and modern test facilities installed as a part of the National Automotive Testing and R & D infrastructure project (NATRiP) at International Centre for Automotive Technology (ICAT), Manesar in Gurgaon district of Haryana.

Top Headlines - 23.02.2016

Top Headlines - 23.02.2016
======================

1. The Prime Minister, Narendra Modi, launched the National Rurban Mission from Kurubhat, in Rajnandgaon district of Chhattisgarh. This scheme would complement the Smart Cities initiative by creating Smart Villages.

2. The Public Investment Board has approved the Rs. 800-crore proposal from India Post for setting up a payments bank. PIB, under the Finance Ministry, whets the investment proposals by state-run entities. The department is also in the process of finalising selection of a consultant for setting up of the India Post payments bank.

3. K. Sanath Kumar has taken charge as the Chairman-cum Managing Director of Kolkata-based National Insurance Company. The post of CMD at National Insurance had been lying vacant for the last two years.

4. The Environment Ministry has extended to December 2018 a scheme granting default Forest Department approval for public utility projects in Naxal-affected regions. Such a scheme has been in place since 2011 in 117 districts, including those in Jharkhand, Maharashtra and Telangana. This directive is an extension of this programme that lapsed in December 2015.

5. “Swachh Parayatan Mobile App” was launched by Dr. Mahesh Sharma, the Minister of State (I/C) for Tourism & Culture and Minister of State for Civil Aviation at a function. This Mobile App is available on Google Search Engine as ‘Swachh Paryatan’ and initially it is available on Android Phones.

6. Minister of Urban Development Shri M. Venkaiah Naidu asked the first batch of 20 cities selected in the first round of competition to launch respective smart city projects by 25th of June this year marking the one year of launch of the Mission by Prime Minister last year.

7. Justice Vineet Saran will be the new Chief Justice of Orissa High Court. The new CJ will take oath on February 26. Prior to his present appointment, Justice Saran was officiating as a senior judge of Karnataka High Court.

8. Aiming to strengthen India-UAE economic ties, Confederation of Indian Industry (CII) has signed an MoU with Dubai Exports to boost trade and explore business opportunities. CII, a non-government organisation, has signed an memorandum of understanding (MoU) with Dubai Exports, which works with other Dubai Government Departments to simplify the export process.

9. Nicole Kidman has won best actress in a play honours at London’s WhatsOnStage Awards for her depiction of a real-life scientific heroine in “Photograph 51.”

10. India has overtaken China’s air pollution levels in 2015 and the average particulate matter exposure was higher for the first time in the 21st century, a Greenpeace analysis of NASA satellite data has shown.As per World Health Organization (WHO), India is home to 13 out of 20 most polluted cities in the world.