Knowledge update 6 feb-14

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2000
readers per
day

By Anshul Singhal

For Private Circulation only

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http://caanshulsinghal.webs.com/

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

World News

Section 12

Science and Technology

LATEST RESULTS
Sales
(Rs cr)

Net Profit
(Rs cr)

EPS(Rs)*

Aadhaar Ventures

3.33

0.02

-

Advance Meter.

2.86

-8.07

-

Ajcon Global

1.94

0.09

0.42

Amrit Corp

12.44

2.75

-

Apple Credit

0.00

-0.08

0.00

Aurangabad Paper

0.00

-0.23

-

Bharat Forge

832.08

93.97

14.22

Cummins India

1023.01

147.23

-

Company

Markets Today
Stock Indices

Sensex
Nifty
GOLD (MCX
10 GM)
SILVER
(MCX 1 KG)
CRUDE OIL
(RS/BBL)
(RS/$)

Particulars

Up/Down

20261.03
6022.40
28770.00

49.10
21.50
138.00

44498.00

941.00

6092.00

17.00

62.54

-0.04

Spectrum auction: Bids worth Rs 50,000 crore
on Day 3
• NEW DELHI: Aggressive bidding by firms like

Reliance Jio,Airtel and Vodafone raked in bids
of around Rs 50,000 crore at the end of third
day of wireless spectrum auction today,
surpassing landmarks of previous two sales.
In all 21 rounds of bidding were concluded by
end of day-3 with bids pouring in for all the 22
circles
or
regional
zones.
"Bids of around Rs 50,000 crore received at the
end of 21 rounds on third day of spectrum
auction," Telecom secretary MF Farooqui said.

Steel Exchange secures additional
gas from ONGC
• HYDERABAD, FEBRUARY 5:
• Steel Exchange India Ltd (SEIL) has secured additional gas of 15,000

standard cubic metres per day of gas from ONGC Ltd for its captive power
plant at Kothapeta, based in Andhra Pradesh.

• The gas will be supplied from Kammapalem field located in the

Rajahmundry asset on fall-back basis in pursuant to Ministry of Petroleum
& Natural Gas guidelines for allocation of gas from small and isolated
fields and marginal fields.

• With this, SEIL, a private steel manufacturer listed on the exchanges, will

have access to supply of 75,000 SCMD of gas per day. SEIL has facility to
generate up to 12 MW at its Kothapeta plant. Currently, it is supplying the
unutilised power of up to 9 MW to APTransco.

• B Satish Kumar, Managing Director, SEIL, said, “We are very happy ONGC

has approved our bid and allocated the gas.

‘By 2032, Navi Mumbai airport should be able to
handle 60 million passengers’
• After many years of delay and regulatory hurdles,

the Navi Mumbai airport project is finally off the
ground, with the Request for Qualification (RFQ)
floated for airport developers on Wednesday. The
City and Industrial Development Corporation of
Maharashtra (CIDCO), the lead project developer,
has taken every conceivable regulatory clearance for
the airport project, which will cost about ₹5,500
crore in the first phase. Sanjay Bhatia, ViceChairman and Managing Director of CIDCO,
tells Business Line that if all the processes fall in
place by December 2017, Mumbai metropolitan
region could well get a new airport.

Govt clarifies policy on FDI in
insurance
• The Government has clarified that the 26 per cent cap on foreign investments

in the insurance sector also applies to intermediaries such as brokers, third
party administrators and surveyors.

• In the case of insurance companies, the 26 per cent cap will include foreign

direct investment (FDI), foreign institutional investments (FIIs) and
investments from non-resident Indians (NRIs), according to a Press Note
issued by the Department of Industrial Policy and Promotion on Wednesday.

• The earlier policy only talked about allowing 26 per cent FDI in the insurance

sector without elaborating on what activities were covered under the cap and
how FII and NRI investments were to be treated.

• The UPA Government was keen on increasing the FDI cap in the insurance

sector from 26 per cent to 49 per cent, but chance of it happening during the
current tenure is slim.

• The Insurance Bill, which proposes to raise FDI in the sector to 49 per cent, is

unlikely to be passed in the Winter Session of Parliament which started on
February 5. This session would be the last session of Parliament before the
General Elections tentatively scheduled in mid-April.

Anupam Tele Services vs. ITO (Gujarat High Court)
• No s. 40A(3) disallowance for cash payments even if Rule 6DD(j)

exception does not apply if there is no dispute as to genuineness of
payment
and
business
compulsion

• S. 40A(3) and Rule 6DD are not intended to restrict business activities.

The terms of s. 40A(3) are not absolute. Considerations of business
expediency and other relevant factors are not excluded. Genuine and bona
fide transactions are not taken out of the sweep of the section. It is open to
the assessee to furnish to the satisfaction of the AO the circumstances
under which the payment in the manner prescribed in s. 40A (3) was not
practicable or would have caused genuine difficulty to the payee. It is also
open to the assessee to identify the person who has received the cash
payment. On facts, though the case of the assessee did not fall within the
exclusion clause in Rule 6DD (j), s. 40A(3) will not apply because (a) there
is no doubt as to the genuineness of the payment nor the identity of the
payee, (b) the assessee was compelled to pay cash owing to the insistence
of its principal and if it had not abided by the direction, the business
would have suffered & (c) the exceptions in Rule 6DD are not exhaustive
and the rule must be interpreted liberally (Attar Singh Gurmukh
Singh 191 ITR 667 (SC), Hynoup Food & Oil Industries 290 ITR 702
(Guj) & HarshilaChordia 298 ITR 349 (Raj) referred)

 POU: Central Delhi CPE Study Circle of NIRC
 Topic: Taxtation Provisions Related to TDS &






Charitable Institutions
Place: Fraternity Hall, Masonic Club Janpath
Date: 8th Feb, 2014 10:30 - 17:00
ContactDetails: 9311024242
CPE Hrs: 6

 Baroda Utttar Pradesh Gramin Bank invites applications from Indian citizens,

for the post of Officer and Office Assistant (Multipurpose) who have appeared
at the Common Written Examination for RRBs conducted by IBPS in
September/ October 2013 and declared qualified :
Officer Scale-II (IT) : 09 posts, Pay Scale : Rs. 19400-28100
 Officer Scale-II (CA) : 01 post, Pay Scale : Rs. 19400-28100
 Officer Scale-II (Law) : 08 posts, Pay Scale : Rs. 19400-28100
 Officer Scale-II (Treasury Manager) : 01 post, Pay Scale : Rs. 19400-28100
 Officer Scale-II (Marketing Officer) : 01 post, Pay Scale : Rs. 19400-28100
 Officer Scale-II (Agricultural Officer) : 01 post, Pay Scale : Rs. 19400-28100
 Office Assistant (Multipurpose) : 633 posts, Pay Scale : Rs. 7200-19300


How to Apply : Apply Online at Baroda UP Gramin Bank from28/01/2014 to
11/02/2014 only.
Please visit http://www.barodagraminbank.com for details and online
submission of application.

NARAIN KARTHIKEYAN TO RACE IN 2014 SUPER
FORMULA SEASON
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






ndia's top racing driver Narain Karthikeyan has confirmed
his participation in the Japan-based Super Formula single
seater series.
Karthikeyan participated in the 2013 Auto GP World series
where he was a title contender and scored a record five wins
and four pole positions during the course of the season.
In 2014, he will drive for Team Impul Hoshino Racing which
finished third in the Super Formula title standings last year.
"I am really excited to confirm that I am driving in the Super
Formula series this season with Team Impul", said
Karthikeyan on the sidelines of the Auto Expo here
Wednesday.
"With a new chassis and turbocharged powertrains this year,
along with a really strong grid of drivers, means it is going to
be a fast and intensely competitive campaign," he said.



Kolkata: Bharatiya Janata Party's prime ministerial
candidate Narendra Modi on Wednesday slammed the
Gandhi family for denying the coveted post of prime
minister to Pranab Mukherjee twice - in 1984 and 2004 despite
his
qualifications.
While addressing a massive rally at Brigade Parade
grounds, Modi said, "When Indira Gandhi was assassinated
Rajiv Gandhi was in Kolkata and he went back. Under a
democracy, that time the senior-most minister in Indira
Gandhi's government was Pranab Mukherjee. It would have
been good had he been sworn in as the country's prime
minister."

"They didn't give it. Not only that, the family (Gandhi) felt
that something is going on. So when the Rajiv Gandhi
government was formed, senior-most minister Pranabda
was not even taken as a minister," PTI quoted Modi as
saying.

Pepsi, MTV give birth to indie pop channel
• Soft drinks major PepsiCo and youth channel MTV India on Wednesday
joined hands in a first-of-its-kind alliance to launch a 24-hour Indie Pop
channel Pespi MTV Indies that will go live by month-end. It will air locally
sourced pop music from leading local languages.
• The channel will be available on TV, mobile, web, and at other on-ground
live events, according to PepsiCo India Senior Marketing Director for Colas,
Juices and Hydration Homi Battilwalla, and EVP & Business Head at
Viacom18, which is the equal JV of Viacom and Network18 Group, Aditya
Swamy, told PTI.
• MTV India India is a part of Viacom 18 in India.
• Both the persons refused to talk about investment, saying there isn't much
investment needed considering the infrastructure Viacom already has.
• Battiwalla said for Pepsi, this is not just a brand association but an actual
commercial partnership.
• Swamy said the new channel, which will be available in both HD and SD
version, will be based in Mumbai and manned by the Viacom management.

Amazing Facts
 The palms of your hands and the soles

of your feet cannot tan, or grow hair.
 The right lung of a human is larger

than the left one. This is because of
the space and placement of the heart.

MOST IMPORTANT FINANCIAL RATIOS
1. Debt-to-Equity Ratio
 The debt-to-equity ratio, is a quantification of a firm’s
financial leverage estimated by dividing the total liabilities
by stockholders’ equity. This ratio indicates the proportion
of equity and debt used by the company to finance its
assets.
 The formula used to compute this ratio is
 Total Liabilities / Shareholders Equity
2. Current Ratio
 The current ratio is a liquidity ratio which estimates the
ability of a company to pay back short-term obligations.
This ratio is also known as cash asset ratio, cash ratio, and
liquidity ratio. A higher current ratio indicates the higher
capability of a company to pay back its debts. The formula
used for computing current ratio is:
 Current Assets / Current Liabilities

3. Quick Ratio
 The quick ratio, also referred as the “acid test ratio”
or the “quick assets ratio”, this ratio is a gauge of the
short term liquidity of a firm. The quick ratio is
helpful in measuring a company’s short term debts
with its most liquid assets.
 The formula used for computing quick ratio is:
 (Current Assets – Inventories)/ Current
Liabilities
4. Return on Equity (ROE)
 The return on equity is the amount of net income
returned as a percentage of shareholders equity.
Moreover, the return on equity estimates the
profitability of a corporation by revealing the amount
of profit generated by a company with the money
invested by the shareholders. Also, the return on
equity ratio is expressed as a percentage and is
computed as:
 Net Income/Shareholder's Equity

IRAQ VIOLENCE: BAGHDAD BOMB
BLASTS KILL 33
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

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

At least 33 people have been killed in a series of bomb attacks in
Iraq's capital, Baghdad, officials say.
Two car bombs exploded outside the foreign ministry, near the heavilyfortified Green Zone, while a suicide bomber struck a restaurant nearby.
Another car bomb went off in Khilani Square in the city's commercial heart.
Later, three car bombings were reported in the south-east of capital.
There has been a surge in sectarian violence in Iraq in the past year.
Iraqi government data says more than 1,000 people died in January, which
would be the highest monthly toll for almost six years.
There was no immediate claim of responsibility for Wednesday's bombings,
but al-Qaeda-linked Sunni militants have been waging a campaign of
violence against the Shia-dominated government.
"Iraqi political leaders should show national unity in dealing with such
threats and unite against terrorism," the UN envoy to Iraq, Nikolay
Mladenov, said in a statement.
On Tuesday, at least seven people died in a series of bombings, while two
rockets also exploded inside the Green Zone, which houses parliament,
government buildings and some foreign embassies.
On Monday, 23 people died in car bombings in and around the capital.

SECTION 12 (SCIENCE AND TECHNOLOGY)

‘HEJJE’, MOBILE APPLICATION FOR
TRACKING TIGERS LAUNCHED







It is an indigenously developed Android-based app
Tiger-tracking and wildlife conservation have a new
mobile application for vigorous monitoring and better
coordination of anti-poaching camp personnel at
Bandipur.
For, “Hejje” (Pug mark), an indigenously developed
Android-based application, was launched at Bandipur on
Monday. It will help coordinate foot patrolling of forest
staff apart from providing the range forest officers live
update of their respective anti-poaching patrolling
activities such as patrol time, water level in lakes,
suspicious activities, tree population and forest fires.
The application, launched by Conservator of Forests and
Director of Bandipur Tiger Reserve H.C. Kantharaj, has
been developed by KeyFalcon Solutions of Bangalore.

Disclaimer: The information given are based on the news papers and Google news and knowledge shared by professional institutes
like ICAI,ICSI also Updates shared by many professionals like CA Raj Chawla, CA R.P. Sharma etc.

Knowledge update 6 feb-14

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Knowledge update 6 feb-14