Knowledge update 21 aug-14

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By Anshul Singhal For Private Circulation only

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Transcript of Knowledge update 21 aug-14

  • 1. By AnshulSinghal For Private Circulation only
  • 2. Index Section Particulars Quotes of the Day Section 1 Market Watch Section 2 Economy Updates Section 3 Amendments Section 4 Seminar Section 5 Job/ Empanelment's Section 6 Sports Section 7 Politics Section 8 Movies Updates Section 9 Amazing Facts Section 10 Education Section 11 WorldNews Section 12 Science and Technology Section 13 Spirituality
  • 3. Quotes of The Day , , , , ,, ,, , . , . ,,,,
  • 4. Section 1 (Market Watch)
  • 5. Markets Today Source: Stock Indices Particulars Up/Down Sensex 26,314.29 -106.38 Nifty 7,875.30 -22.20 NSE 7818.9 -16.2 BSE 3211.6 -4.9 Gold 28,182 -70.00 USD 60.64 -0.04
  • 6. Section 2 (Economy Updates)
  • 7. IFC launches $2.5 blnrupee-denominated bonds for infra projects in India The World Bank's private-sector arm on Wednesday launched $2.5 billion, rupee-denominated bonds to fund infrastructure investments in India, the International Finance Corporation (IFC) said in a statement. Under the programme, IFC will use a combination of rupee- denominated bonds and swaps to raise local-currency financing of up to $2.5 billion, or 150 billion rupees, over the next five years," the statement said. Source:
  • 8. HDFC Bank is most valuable brand in India: BrandZReport Mumbai:HDFCBankLtd,Indiassecondlargestprivatebankbyassets,emergedtheNo.1brandwithavalueof$9.4billioninalistofIndias50mostvaluablebrandsreleasedonTuesday.Thefirst-everBrandZrankingwascommissionedbyWPPPlc,theworldslargestcommunicationsservicesgroup, andthevaluationwasconductedbyresearchagencyMillwardBrown,whichspecializesinbrandequityresearchandbrandvaluation.HDFCBankhasanetworkin2,100citiesandtownsacrossIndiaand28millioncustomers.TheNo.2brand,BhartiAirtelLtd,isthefourthlargestmobilephoneoperatorintheworldwithnearly300millioncustomers,whileIndiaslargestcommercialbank,StateBankofIndia,isatNo.3intherankings. Source :
  • 9. Dena Bank admits fraud at Malabar Hill branch; suspends manager Dena Bank on Wednesday said it has suspended an erring branch manager at its Malabar Hill branch in Mumbai and has transferred some staff for conducting irregularities in the handling of fixed deposits. The bank admitted that some of its branch level employees committed financial fraud by creating fake overdraft facilities. The bank has lodged a complaint with the central bureau of investigation in this regard, it said in a communication to exchanges. According to the communique, the Malabar Hill Branch of the Bank received bulk term deposits from various entities and government organizations between January 30, 2014 and May 05, 2014. Subsequently, term deposits amounting to Rs 256.69 crorewere pledged to the bank by the same signatories to obtain overdraft facilities of Rs 223.25 crore. The funds were surreptitiously transferred out of the Bank by creating fake overdraft facility, resulting in a fraud on the Bank and the concerned entities/Government organizations, the communication said. Source:
  • 10. Section 3 (Amendments)
  • 11. Offerofsaleofsharesbycertainmembersofthecompany: The2013Actincludesanewsectionunderwhichmembersofacompany,inconsultationwiththeboardofdirectors,mayofferapartoftheirholdingofsharestothepublic.Thedocumentbywhichtheofferofsaletothepublicismadewillbetreatedastheprospectusissuedbythecompany.Themembersshallreimbursethecompanyallexpensesincurredbyit[section28of2013Act]. Source: Companies Act
  • 12. Raj KumariAgarwal vs. DCIT (ITAT Agra), I.T.A. No.: 176/Agra/2013: We are alive to the fact that in the case of a business assessee, and in a situation in which the borrowings against fixed deposits were resorted to for use in business, consideration for end use of funds so borrowed would be relevant because the interest deduction is claimed as a business deduction under section 36(1)(iii). That aspect of the matter, however, is academic in the present context as the limited issue for our consideration is whether or not, on the facts before us, the interest on borrowings against the fixed deposits could be said to protect the interest income from fixed deposit interest and thus, incurred wholly and exclusively for the purposes of earning such income. -See more at: incurred-earn-interest-income-allowable-section- 57iii.html#sthash.MtD67B4X.dpuf Source: Interest Expense incurred to earn Interest Income is allowable Section 57(iii)
  • 13. Section 4 (Seminar)
  • 14. Source:
  • 15. Employees Provident Fund Organisation-ShimlaHimachal Pradesh Last Date :22/08/2014Empanelment of chartered accountant firm for regional officeAddress:Shimla-Himachal Pradesh Source:
  • 17. MUDGALCOMMITTEE TO DECIDE ON EXTENSION AUG 27 The MukulMudgalcommittee Wednesday rubbished media reports of its members interrogating International Cricket Council (ICC) chairman N. Srinivasanand his son-in-lawGurunathMeiyappaninChennaiand said it will meet Aug 27 to decide whether to seek more time from the SupremeCourtto submit its report on the spot fixing and betting scandal that hit the 2013 IndianPremierLeague (IPL). The Supreme Court, while setting up the committee in May, had asked the panel to submit its findings by the end of August. Justice (retd.) Mudgaltold IANS that the committee would decide next week if it needs more time to file the report. "We will meet Aug 27 to decide whether we need more time. Accordingly, we would seek an extension from the Supreme Court to submit the report," Mudgalsaid, adding that the committee has no intention to interrogate any Indian cricketer in England since it may disturb the struggling team's concentration. Source:
  • 18. SeniorCongressleader K V Thomas was today made the new head of Parliament's Public Accounts Committee (PAC), a prestigious panel which examines CAG reports after they are tabled in Parliament. The post of PAC Chairman usually goes to the main opposition party inParliamentbut the development assumes significance as it comes amidst the bad blood between the government and Congress over denial of Leader of Opposition post status to the latter. The PAC, constituted every year, consists of not more than 22 members--15 members elected byLokSabhaand not more than seven members from RajyaSabha. "We will work as a team. We will examine whatever issues are placed before us," Thomas, the former Union minister, told PTI after taking over. Source:
  • 19. Section 8 (movies updates)
  • 20. Not just Mary Kom, all Bollywoodfilms banned in Manipur PriyankaChopra's next film, a hard hitting tale of celebrated boxer, 'Mary Kom' is set to hit the screens on September 5. However the home state of Mary Kom, Manipur will reportedly not have the film released there. According to a report on, the film will not be released in Manipur. And its not just Mary Kombut all Hindi films have been banned there since almost 15 years now. The report stated that separatists organisationsfelt that movies would undermine Manipur's culture, and that there is a bit of bitter feeling over PriyankaChopra portraying Mary Kom, over a local actress from Manipur. Source:
  • 21. Section 9 (Amazing Facts)
  • 22. Amazing facts The sentence, The quick brown fox jumps over the lazy dog uses every letter in the English language. The shortest war in history was between Zanzibar and England in 1896. Zanzibar surrendered after 38 minutes. Source:
  • 23. Section 10 (Educational)
  • 24. Result of CA IPCC Exam held in May/June,14 are likely to be declared today Source: The result of the Chartered Accountants Intermediate (IPC) Examination held inMay/June, 2014 are likely to be declared on Thursday, the 21st August, 2014 around4.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55%and above marks and uptothe maximum of 50th Rank on all India basis will be available onthe following website:
  • 26. IMRANKHAN'SPROTESTAGAINSTPAKPM NAWAZSHARIF: ALLYOUNEEDTOKNOW Several thousand protestors were on the streets of Islamabad through Tuesday night and all of Wednesday morning in a bid to depose Prime Minister NawazSharif. The coordinated protests are being led by former international cricketer ImranKhan, head of the country's third-largest political party the PDP, and cleric Tahirul-Qadri, who controls a network of Islamic schools and charities. Source:
  • 28. TOPHONOURFORINDIAN-ORIGINWOMANINSOUTHAFRICA JOHANNESBURG: Indian-origin South African academic Leila Patel has been named the African country's one of the top women researchers in the annual Women in Science Awards hosted by the ministry of science and technology here. Patel, who got her PhD from the University of the Witwatersrand, is currently a professor of social development studies and director of the Centre for Social Development in Africa, which she founded in 2002 at the same institution. These annual awards recognize the work of those women who are involved in full-time research leading to a master's or doctoral degree in areas in which the participation of women is traditionally low. Source:
  • 30. 2014 2071 1936 10 9 1435 4 4 Source: 21 , -
  • 31. . DISCLAIMER 1-The opinion(s) expressed by member(s) are of their own, and/ORinformation provided by member(s), the users need to verify it from their own sources. No responsibility of any sort taken by me or any member(s) or the moderator for any opinion expressed or the information posted. 2-The Information is mainly compilation of information from various sources and professional for sharing of information in core group.