TUESDAY, JULY 11, 2017 (PAGE 16) DAILY EXCELSIOR, …
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TUESDAY, JULY 11, 2017 (PAGE 16) DAILY EXCELSIOR, JAMMU B.ED. ADMISSION NOTICE One-Line Applications are invited on website: bedjammu.org. for admission opened to the two years B.Ed Course of Jammu University started w.e.f. 01-07-2017 to 25-07-2017 (Normal Fees) and upto 07-08-2017 (Late Fees). Eligibility 45% marks for Gen. Category & 40% marks for SC/ST. Free of Cost of linefilling up of application facilityisavailable in the college. SALIENT FEATURES: 1. No College Dev. fees from Poor (BPL)/ Meritorious & regular students. 2. Free college uniform and study material to all poor (BPL) students. 3. 50% concession in Dev. fees from all 1st Division Graduates seeking B.Ed Adm. 4. Free coaching for CTET & KVS teaching jobs. 5. Merit scholarship of Rs. 15000/-,10000/- & 5000/- to College position holders. SRI GURU NANAK COLLEGE OF EDU. (Recogd. by J&K Govt. & Affiliated to Univ. of Jammu) JALLO CHAK, N.H. BARI BRAHMNA (JAMMU) Ph. Nos: 2480004; 9419862198; 9797391292 CONDOLENCES We would like to extend our sincerest condolences to Mr. Vijay Mahajan's family on his sudden demise. Our thoughts and prayers are with you at this time of pain & irreparable loss. We are deeply saddened that we will not have him around with us anymore. We warmly remember his support, enthusiasm and valuable guidance. He will always hold a special place in our hearts and memories. GRIEF STRICKEN The Management & Staff of Hotel K C Residency, Jammu SH. VIJAY MAHAJAN (Chairman K.C Group of Hotels Pvt. Ltd.) RTN. Jaswant Rai Gupta on being installed as PRESIDENT Rotary Club Jammu Tawi. CONGRATULATIONS TO RTN. Ravi Magotra Mob: 9419195641 From: Appx “A’ to this office letter No 004/Advt/322/E8 dt 03 Jul 2017 MILITARY ENGINEERS SERVICES NOTICE INVITING E-TENDERS e-Procurement tender for Garrison Engineer, Nagrota-181221 (J&K). GE Nagrota on behalf of President of India invites online item rate bids on Single Stage Two Cover Bid system for the following works:- Sl No. Name of Work Estimated cost of Completion Tender ID work Rs. (in lakh) period 1. Petty Repair to BLDGS at 213 Transit Rs. 25.00 lakh 06 Month 2017_MES_126497_1 Camp ‘C’ Hill, Katra, Khanna Vihar under GE Nagrota For further details refer web site eprocuremes.gov.in/ eprocure.gov.in Panama probe: JIT finds disparities in Sharif family income ISLAMABAD, July 10: A joint investigation team that probed the Panamagate graft case against Pakistan Prime Minister Nawaz Sharif and his family has found "glar- ing disparities" between their known sources of income and their actual wealth in its final report submitted to the Supreme Court today, a media report said. The JIT that investigated the Sharif family's business deal- ings has recommended that the National Accountability Bureau open a reference against Sharif and his family after the probe panel found "glaring disparities" between their known sources of income and their actual wealth, the Dawn reported. The JIT report suggests that a reference should be filed against Prime Minister Sharif and his sons Hassan Nawaz and Hussain Nawaz, as well as daughter Maryam Nawaz, under Section 9 of the National Accountability Bureau (NAB) ordinance 1999, the daily said. The JIT has found that the assets of all four respondents have been found to be more than the sources of their income in the probe completed today. "Significant gap/disparity amongst the known and declared sources of income and the wealth accumulated by the Respondent No. 1, 6, 7 and 8 have been observed," the JIT observed in its concluding remarks. The report said the financial structure and health of compa- nies in Pakistan having linkage to Sharif family also do no sub- stantiate their wealth. JIT chief Wajid Zia present- ed the report along with evi- dence to a three-member special bench of the Supreme Court comprising Justice Ejaz Afzal, Justice Azmat Saeed and Justice Ijazul Ahsan. The six-member Joint Investigation Team (JIT) was set up in May by the Supreme Court with the mandate to probe the Sharif family for allegedly failing to provide the trail of money used to buy properties in London in 1990s. The JIT has also probed sev- eral serving and former officials in connection with the case. The six-member JIT includ- ed Federal Investigation Agency's (FIA) Additional Director General Wajid Zia, Military Intelligence's Brig Kamran Khurshid, National Accountability Bureau's (NAB) Director Irfan Naeem Mangi, State Bank of Pakistan's Amer Aziz, Securities and Exchange Commission of Pakistan's (SECP) Executive Director Bilal Rasool and Inter- Services Intelligence's Brig Muhammad Nauman Saeed. Last year, the Panama Papers revealed that three of Prime Minister Sharif's children owned offshore companies and assets not shown on his family's wealth statement. The assets in question include four expensive flats in Park Lane, London. The top court took up the case in October last year on petitions filed by Pakistan Tehreek-e-Insaf, Awami Muslim League and Jamaat-e-Islami and reserved the verdict in February after conducting hearings on a daily basis. (PTI) SC allows counselling, admissions to IITs NEW DELHI, July 10: The Supreme Court today allowed the counselling and admission into Indian Institutes of Technology (IITs) across the country on the basis of the results of the IIT-JEE (Advance) 2017 results by vacating its stay on it. The apex court bench head- ed by Justice Dipak Misra vacated its stay ordered last Friday, but asked the high courts not to interfere in the petitions regarding counselling and admission to the IITs to avoid any confusion. Counselling is a process in which a candidate, who clears the entrance examination, chooses the best college and stream according to his or her choice based on their rank. The bench, also comprising Justices A M Khanwilkar and M M Shantanagoudar, asked the IITs to give an undertaking that such mistakes will not recur and make sure that no situation in which bonus marks have to be awarded arose in future. Attorney General K K Venugopal, representing the IITs, said such a situation will not arise in future. The bench said the 2005 judgement in Guru Nanak University case will not apply in the present matter as there were a huge number of students involved and there was a system of negative marking in the exam. The apex court also noted that an experts' body of IITs had met twice to decide that bonus marks should be awarded across the board for the wrong questions. The Supreme Court had on July 7 restrained the IITs from conducting further counselling and admissions saying the court will go by its earlier judgement of 2005 and bonus marks cannot be given to those who have not attempted the wrong questions. The AG had, however, pointed out that there was nega- tive marking for every unsuc- cessful question and there may be some students who had opted not to answer "the said vague questions fearing negative marking". Therefore, across the board bonus marks were given to the candidates, Venugopal had told the court, adding that otherwise the IITs would have to strike down the marks. The AG had also said that it was difficult to re-evaluate the answersheets of over two lakh students who took the examina- tion and awarding of bonus marks across board was the most practical solution. The apex court had on June 30 issued notice to the Ministry of Human Resource Development on a plea seeking quashing of the IIT-JEE 2017 rank list. The petition, filed by an IIT aspirant Aishwarya Agarwal, had sought the court's direction to declare that the action of awarding bonus marks to candi- dates who had appeared in the JEE (Advanced)- 2017 exami- nation was wrong and violated her right, as well as that of other students. Since then several other stu- dents had approached the apex court seeking quashing of rank list. Several IIT aspirants in their pleas had sought a direction for preparation of the all-India rank list after rectifying the scores of JEE (Advanced) and also award marks for the incorrect ques- tions to the candidates who had attempted the right answers. (PTI) Gifts worth up to Rs 50,000 by employer exempt under GST: Govt NEW DELHI, July 10: The Government today clarified that gifts worth up to Rs 50,000 by an employer to its employees as also free membership of clubs, health and fitness centres will not attract the Goods and Services Tax (GST). Also, the services by an employee to the employer in the course of or in relation to his employment is outside the scope of the new indirect tax regime, it said. Any club, health and fitness centre membership provided by an employer to its all employees free of charge will not be subject to the GST. The same would hold true for free housing as part of cost-to- company (C2C) package. Commenting on reports of gifts and perquisites supplied by companies to their employees being taxed under GST, the finance ministry in a statement said gifts up to a value of Rs 50,000 in a year by an employer to his employee are outside the ambit of GST. "However, gifts of value more than Rs 50,000 made without consideration are subject to the GST, when made in the course or furtherance of business," the statement said. While the GST law does not define gifts, the ministry said for tax purposes gift is something that is made without consideration, is voluntary in nature and is made occasionally.(PTI)
Transcript of TUESDAY, JULY 11, 2017 (PAGE 16) DAILY EXCELSIOR, …
TUESDAY, JULY 11, 2017 (PAGE 16) DAILY EXCELSIOR, JAMMU
B.ED. ADMISSION NOTICEOne-Line Applications are invited on website: bedjammu.org. for admission openedto the two years B.Ed Course of Jammu University started w.e.f. 01-07-2017 to25-07-2017 (Normal Fees) and upto 07-08-2017 (Late Fees). Eligibility 45% marksfor Gen. Category & 40% marks for SC/ST. Free of Cost of line filling up of applicationfacility is available in the college.
SALIENT FEATURES:1. No College Dev. fees from Poor (BPL)/ Meritorious & regular students.2. Free college uniform and study material to all poor (BPL) students.3. 50% concession in Dev. fees from all 1st Division Graduates seeking B.Ed Adm.4. Free coaching for CTET & KVS teaching jobs.5. Merit scholarship of Rs. 15000/-,10000/- & 5000/- to College position holders.
SRI GURU NANAK COLLEGE OF EDU.(Recogd. by J&K Govt. & Affiliated to Univ. of Jammu)
JALLO CHAK, N.H. BARI BRAHMNA (JAMMU)Ph. Nos: 2480004; 9419862198; 9797391292
CONDOLENCES
We would like to extend our sincerest condolences to Mr. Vijay Mahajan's family onhis sudden demise. Our thoughts and prayers are with you at this time of pain &irreparable loss.We are deeply saddened that we will not have him around with us anymore. Wewarmly remember his support, enthusiasm and valuable guidance. He will alwayshold a special place in our hearts and memories.
GRIEF STRICKENThe Management & Staff of
Hotel K C Residency, Jammu
SH. VIJAY MAHAJAN (Chairman K.C Group of Hotels Pvt. Ltd.)
RTN. Jaswant Rai Guptaon being installed as PRESIDENT
Rotary Club Jammu Tawi.
CONGRATULATIONS TO
RTN. Ravi MagotraMob: 9419195641
From:
Appx “A’ to this office letter No004/Advt/322/E8 dt 03 Jul 2017
MILITARY ENGINEERS SERVICESNOTICE INVITING E-TENDERS
e-Procurement tender for Garrison Engineer, Nagrota-181221 (J&K).GE Nagrota on behalf of President of India invites online item rate bids on Single Stage Two CoverBid system for the following works:-Sl No. Name of Work Estimated cost of Completion Tender ID
work Rs. (in lakh) period1. Petty Repair to BLDGS at 213 Transit Rs. 25.00 lakh 06 Month 2017_MES_126497_1
Camp ‘C’ Hill, Katra, Khanna Vihar underGE Nagrota
For further details refer web site eprocuremes.gov.in/ eprocure.gov.in
Panama probe: JIT finds disparities in Sharif family income
ISLAMABAD, July 10:
A joint investigation teamthat probed the Panamagategraft case against PakistanPrime Minister Nawaz Sharifand his family has found "glar-ing disparities" between theirknown sources of income andtheir actual wealth in its finalreport submitted to the SupremeCourt today, a media report said.
The JIT that investigated theSharif family's business deal-ings has recommended that theNational Accountability Bureauopen a reference against Sharifand his family after the probepanel found "glaring disparities"between their known sources ofincome and their actual wealth,the Dawn reported.
The JIT report suggests thata reference should be filedagainst Prime Minister Sharifand his sons Hassan Nawaz andHussain Nawaz, as well asdaughter Maryam Nawaz, underSection 9 of the NationalAccountability Bureau (NAB)ordinance 1999, the daily said.
The JIT has found that theassets of all four respondentshave been found to be more thanthe sources of their income inthe probe completed today.
"Significant gap/disparityamongst the known anddeclared sources of income andthe wealth accumulated by theRespondent No. 1, 6, 7 and 8have been observed," the JITobserved in its concludingremarks.
The report said the financialstructure and health of compa-nies in Pakistan having linkageto Sharif family also do no sub-stantiate their wealth.
JIT chief Wajid Zia present-ed the report along with evi-dence to a three-member specialbench of the Supreme Courtcomprising Justice Ejaz Afzal,Justice Azmat Saeed and JusticeIjazul Ahsan.
The six-member JointInvestigation Team (JIT) wasset up in May by the SupremeCourt with the mandate to probethe Sharif family for allegedlyfailing to provide the trail ofmoney used to buy properties inLondon in 1990s.
The JIT has also probed sev-eral serving and former officialsin connection with the case.
The six-member JIT includ-ed Federal InvestigationAgency's (FIA) AdditionalDirector General Wajid Zia,Military Intelligence's BrigKamran Khurshid, NationalAccountability Bureau's (NAB)Director Irfan Naeem Mangi,State Bank of Pakistan's AmerAziz, Securities and ExchangeCommission of Pakistan's(SECP) Executive DirectorBilal Rasool and Inter- ServicesIntelligence's Brig MuhammadNauman Saeed.
Last year, the PanamaPapers revealed that three ofPrime Minister Sharif's childrenowned offshore companies andassets not shown on his family'swealth statement. The assets inquestion include four expensiveflats in Park Lane, London.
The top court took up thecase in October last year onpetitions filed by PakistanTehreek-e-Insaf, Awami MuslimLeague and Jamaat-e-Islami andreserved the verdict in Februaryafter conducting hearings on adaily basis. (PTI)
SC allows counselling,admissions to IITs
NEW DELHI, July 10:
The Supreme Court todayallowed the counselling andadmission into Indian Institutesof Technology (IITs) across thecountry on the basis of theresults of the IIT-JEE (Advance)2017 results by vacating its stayon it.
The apex court bench head-ed by Justice Dipak Misravacated its stay ordered lastFriday, but asked the high courtsnot to interfere in the petitionsregarding counselling andadmission to the IITs to avoidany confusion.
Counselling is a process inwhich a candidate, who clearsthe entrance examination,chooses the best college andstream according to his or herchoice based on their rank.
The bench, also comprisingJustices A M Khanwilkar and MM Shantanagoudar, asked theIITs to give an undertaking thatsuch mistakes will not recur andmake sure that no situation inwhich bonus marks have to beawarded arose in future.
Attorney General K KVenugopal, representing theIITs, said such a situation willnot arise in future.
The bench said the 2005judgement in Guru NanakUniversity case will not apply inthe present matter as there werea huge number of studentsinvolved and there was a systemof negative marking in theexam.
The apex court also noted thatan experts' body of IITs had mettwice to decide that bonus marksshould be awarded across theboard for the wrong questions.
The Supreme Court had onJuly 7 restrained the IITs fromconducting further counsellingand admissions saying the courtwill go by its earlier judgement
of 2005 and bonus marks cannotbe given to those who have notattempted the wrong questions.
The AG had, however,pointed out that there was nega-tive marking for every unsuc-cessful question and there maybe some students who had optednot to answer "the said vaguequestions fearing negativemarking".
Therefore, across the boardbonus marks were given to thecandidates, Venugopal had toldthe court, adding that otherwisethe IITs would have to strikedown the marks.
The AG had also said that itwas difficult to re-evaluate theanswersheets of over two lakhstudents who took the examina-tion and awarding of bonusmarks across board was themost practical solution.
The apex court had on June30 issued notice to the Ministryof Human ResourceDevelopment on a plea seekingquashing of the IIT-JEE 2017rank list.
The petition, filed by an IITaspirant Aishwarya Agarwal,had sought the court's directionto declare that the action ofawarding bonus marks to candi-dates who had appeared in theJEE (Advanced)- 2017 exami-nation was wrong and violatedher right, as well as that of otherstudents.
Since then several other stu-dents had approached the apexcourt seeking quashing of ranklist.
Several IIT aspirants in theirpleas had sought a direction forpreparation of the all-India ranklist after rectifying the scores ofJEE (Advanced) and also awardmarks for the incorrect ques-tions to the candidates who hadattempted the right answers.(PTI)Gifts worth up to Rs 50,000 by
employer exempt under GST: GovtNEW DELHI, July 10:
The Government today clarified that gifts worth up to Rs50,000 by an employer to its employees as also free membershipof clubs, health and fitness centres will not attract the Goods andServices Tax (GST).
Also, the services by an employee to the employer in the courseof or in relation to his employment is outside the scope of the newindirect tax regime, it said.
Any club, health and fitness centre membership provided by anemployer to its all employees free of charge will not be subject to the GST.
The same would hold true for free housing as part of cost-to-company (C2C) package.
Commenting on reports of gifts and perquisites supplied bycompanies to their employees being taxed under GST, the financeministry in a statement said gifts up to a value of Rs 50,000 in ayear by an employer to his employee are outside the ambit of GST.
"However, gifts of value more than Rs 50,000 made withoutconsideration are subject to the GST, when made in the course orfurtherance of business," the statement said.
While the GST law does not define gifts, the ministry said fortax purposes gift is something that is made without consideration,is voluntary in nature and is made occasionally.(PTI)
