PADANIYA - The time is always right to do what is right

Even as the implementation of the Goods and Services Tax (GST) looks like it’s going to flounder yet again, largely on concerns raised by states about potential loss of revenues, it might be pertinent to rewind back in time, when eight years ago, almost identical concerns nearly derailed the implementation of the value added tax or VAT. http://www.financialexpress.com/news/take-a-leaf-from-vat-to-get-gst-going/1198557

May Millions Of lamps illuminate your life with endless joy,prosperity,health and wealth forever,wishing you and your family Happy Diwali and prosperous new year. Best Blessing - Rahim Padaniya and Family Happy Investing

What are the Charges on your Investment ????? Delivery charges ?? Intarday Charges ??? Stamp Duty ??? Service Tax ??/ Education cess ?? Turnover Charges ??/ STT ???

The ministry of consumer affairs may ask the Forward Markets Commission (FMC) to look into suspected conflict of interest between NK Proteins and the National Spot Exchange Ltd (NSEL) following complaints. Financial Technologies The complaints by people, who claimed to have visited the warehouses of NK Proteins, also remained skeptical about the stock positions at NSEL godowns, especially of castor seed, castor oil and cotton wash oil, a senior government official said on Monday. http://www.financialexpress.com/news/national-spot-exchange-fmc-may-probe-conflict-of-interest/1154524

Fifty-six years ago, on the 11th of July 1957, Mawlana Hazar Imam succeeded his grandfather, Mawlana Sultan Mahomed Shah, as the 49th hereditary Imam of the Shia Ismaili Muslims. In keeping with the 1 400-year old tradition of Muslim leadership, covering all interpretations of Islam, Mawlana Hazar Imam has guided his murids in matters of faith and worked tirelessly to improve the quality and security of their lives. This latter concern extends not only to the Ismailis but all those who share their lives – locally, nationally and internationally. Mawlana Hazar Imam's vision, as well as the Imamat's institutional capacity to catalyse human development, have been widely recognised by governments, international organisations and civil society institutions. Today, the Imamat’s privileged relationships with many of these enhance its capacity to contribute to human development on a global scale. Imamat Day is an occasion to reaffirm our allegiance a...

Ramadan Ramadan is the holy month in which Prophet Muhammad (peace be upon him and his family) received the first revelation of the Holy Qur’an. Together with other Muslims, the Ismailis celebrate Ramadan as a month of special felicity “in which the Holy Qur’an was sent down as a guide to humankind…” (Qur’an 2:184). In Muslim tradition, Ramadan is a time of heightened commitment to piety and purification through special observances such as fasting, the performance of good deeds — including charitable giving and voluntary service — and through personal sacrifices of material comforts. These observances lead to spiritual fulfilment and a sense of renewal. The fast of Ramadan is among the pillars of the faith: “O believers, fasting has been prescribed for you as it was for those who preceded you that you may be God-fearing” (Qur’an 2:185). Thus, the fast continues a practice which pre-dates Islam, and has been rendered more humane since religion is not intended to be a cause of ha...

Memories....!!

A day after winning Parliament's approval to the decision of allowing FDI in retail, Prime Minister Manmohan Singh on Saturday said the move will benefit farmers and consumers and help introduce new technologies in agri-marketing.  http://www.hindustantimes.com/India-news/Punjab/FDI-in-retail-will-benefit-farmers-says-confident-PM/Article1-970127.aspx

NEW DELHI: Attributing "sensationalism" over the CAG's presumptive loss figure of Rs 1.76 lakh crore for the "killing" of the telecom sector, government today said it plans to auction by March-end the circles that were not taken in the flopped sale of mobile phone spectrum this week.  http://timesofindia.indiatimes.com/business/india-business/2G-auction-flop-show-Where-are-those-Rs-1-76-lakh-crore-Kapil-Sibal-asks/articleshow/17242881.cms

New Delhi:  The Congress-led UPA government is in a minority and its immediate task is to ensure survival. It has been forced to scrounge for numbers by ally Mamata Banerjee, who announced yesterday that she was exiting the UPA government in protest against a menu of new reforms introduced last week. For months now, the Manmohan Singh government's plan B has been the support of Mulayam Singh Yadav or Mayawati to offset the loss of Mamata. It is time now to see if that plan works.    http://www.ndtv.com/article/india/sonia-gandhi-meets-pm-top-congress-leaders-to-discuss-mamata-banerjee-s-withdrawal-of-support-269173

New Delhi:  The Prime Minister has reportedly told his ministers that he will not sanction the cancellation of 142 coal blocks listed by the national auditor for being sold at a fraction of their true market rate to private and state-run firms. 

Consumer confidence in the country declined for the first time in nine quarters due to a fall in employment sentiment and subdued spending behaviour, according to the latest edition of the Nielsen global consumer confidence index released in Mumbai on Tuesday. http://www.dnaindia.com/india/report_consumer-confidence-falls-first-time-in-9-quarters-nielsen_1716088

Mumbai: In a highly volatile trade, the Sensex Monday tumbled 244 points as RBI unexpectedly kept lending rates unchanged sparking off hectic selling, especially in interest-sensitive stocks banks, realty and auto.

Facebook Inc’s initial public offering has so far generated lower-than-expected demand from institutional investors who are concerned about the company’s growth prospects, people with knowledge of the matter said.

NEW DELHI: Economic intelligence agencies have informed the  Finance Ministry  that a major chunk of illegal funds and  black money  is being generated and routed in the  real estate  sector of the country. 

New Delhi:  Indian babus tried to persuade S&P men to raise its rating , but were rudely shocked at what transpired thereafter. Standard & Poor's (S&P) credit analyst Takahira Ogawa listened politely as Indian govt officials at the finance ministry made an hour-long pitch for a ratings upgrade, citing economic growth prospects, revenues and their efforts to contain the government's fiscal deficit.

The Indonesian president said on Wednesday there was no immediate threat of a tsunami from an 8.6-magnitude earthquake that struck off Sumatra island. Indonesia has issued its own tsunami warning and an Indian Ocean-wide alert was also issued after the quake, but  President Susilo Bambang  Yudhoyono said there was no immediate threat.

NEW DELHI—India's gold-jewelry trade associations agreed Friday to call off a 20-day strike, after Finance Minister Pranab Mukherjee promised to look into rollbacks on newly implemented gold taxes. Indian retailers have been protesting measures, effective March 16, that doubled the import tax on gold to 4% and imposed excise taxes on most gold jewelry. Earlier, the excise tax was applicable only on gold jewelry sold by large, private companies. Imports by India, the world's top consumer of gold, have nearly stopped due to the strike, impacting global prices. http://online.wsj.com/article/SB10001424052702303302504577327283295554276.html

New York: Gold on Wednesday dropped to a 12- week low by losing 2.6 percent as the dollar strengthened on signs the Federal Reserve may refrain from providing more monetary stimulus for the US. The gold fell by 2.6 percent to USD 1,628.10 an ounce, after touching USD 1,621.50, the lowest since January 10. Silver also fell by 4.1 percent to USD 31.90 an ounce, the biggest drop since March 14.

The next three months are likely to offer solid opportunities for job seekers as 39 per cent of Indian employers are expected to increase their headcount, says a survey. According to the survey by recruitment tendering platform MyHiringClub.com, the country's net employment outlook – an indicator of recruitment intentions -- stood at a healthy 39 per cent, reflecting solid opportunities for job seekers in the upcoming quarter.

Some of the so-called BRICS countries, which include Brazil, Russia, India, China and South Africa, have traditionally received aid, but fast economic growth over the past decade is turning them into new donors to the world's poor.

Top ten stories of the day 22-03-2012 1) Coal field allocation under scanner; a new scam on anvil? 2) Markets tank; Sensex plunges 400 points 3) China manufacturing disappoints; world markets down 4) Oil falls $1 a barrel, headed for biggest drop in 10 weeks 5) NBCC IPO, the last govt listing for the fiscal year, opens today MOre @   NDTV

On the happy occasion of Navroz Mubarak , I wish all Happy New year , With lots of Prayers Padaniya family