Chennai Metro Train Routes and Schedule information

Metro Trains have changed the way we transit from one place to another in daily schedule. It always important that we reach on time to the office or places and get back on time. Its really hard to know or to learn about Metro trains schedule and their respective details like stoppage spots, stoppage times, schedule, class availability, train timing and train numbers. But thanks to Erail portal which has made Chennai train information a real time experience.

Suburb Trains under Erail provides information of local trains which run in intercity. These are for the daily customers who make to and fro from their home to office.

Erail has provided a wonderful portal of local trains running in Chennai. This portal can be accessed at Erail Chennai Portal. Here you can access train running from one station to another. For example if you would like to go from Avadi station to Chennai Central station provide From : Avadi to Chennai central and it will display the list of trains running from that two particular stations with details like Train number, Train name, From time, departure time, Arrival time, travel time and runs on days. Amazing to me it also provides the details whether there is availability of tickets are there or not.

And more to add to this there is schedule of the train options, like if you select any train mentioned above you will get whole the schedule of that particular train. Not only that it also provides the cost of each class ticket.

This is the detail of the train if I look for Chennai Beach Jn station to Chennai Central station. You get all the details like Station code, Arrival time and Departure time and the particular train timing, schedule. In this example its train number BM02 with Train name MSB MAS LOCAL which runs from Chennai Central.

Now this is enough to know which train is crossing what platform at what time. Almost all the trains now run on time to time and there are less chances of them get delayed so the timetable and the schedule mentioned here are accurate and makes this portal at perfect place to access metro rail Chennai information.

If you have a laptop and if you are in a tax towards railways station then you can access this portal for which trains are coming at what time and you can move accordingly.

Chennai Metro Train,

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How to Book Online Train Ticket of Indian Railways

Indian Railway or Bharatiya Rail operates more than 10,000 trains per day and they have made a variety of options for their passengers to make their journey safer and lot more easier, lot more changes still to come. Indian government receive a large sum of their profits from India Railways solely.

Indian Railways offers train ticket booking in railway reservation counters which you can find it at your railways stations and in case of metro cities you can find reservation counters nearby to your location itself.

Apart from reservation counters the other form of booking the train tickets includes online booking. generally the tickets booked through online are of two types

E ticket is the electronic tickets booked at IRCTC.co.in and its delivered to you as printed Electronic ticket to your home through courier which is taken care by IRCTC employees. You need to book your e ticket at least 15 days in advance to make sure that it reaches your home in utmost cases or it might result in no tickets with you at the time of journey.

I ticket
I ticket are the printed i ticket which are booked from any portal online. While traveling you need to produce your identity proof for I ticket and its of no value if its booked as wait listed. If there is availability of seats then you can book the tickets instant and can board the train.

Here are some of the portal which can make your work easier to book train tickets online.

1. IRCTC – IR Portal

IRCTC is the Indian Railways subsidiary which handles catering, tourism and online ticketing operations. Its better known for changing the face of ticketing in India. Its the first portal to start Internet based rail ticket booking and also offers booking via GPRS and SMS from your mobile phone. You can also cancel tickets online, modify tickets online, book e tickets, accommodation availability check, book i tickets, check PNR status and lot more information on Indian Railways.

2. Cleartrip

Cleartrip is an excellent portal for booking train tickets and air tickets. Cleartrip is rated as the best sites, most user friendly travel website and India’s favourite travel website. The good thing about them is that its quick and fast service with no ads and popups.

Cleartrip apart from online i ticket booking also offers SMS ticketing services to book train tickets from mobile phones and also includes Cleartrip mobile version. Payment options here includes a variety of options like net banking, online banking, credit card and promotional codes.

3. Make My Trip

Makemytrip is an Indian online travel agency which also offers booking of Indian trains tickets. Apart from booking of train tickets it also offers services like Cancel tickets, Check PNR Status, Print Tickets, Check Refund Status, booking of tourism train tickets, holiday train packages and lot more.

4. Yatra

This is also one of the portal to provide train tickets booking, accommodation availability check, status enquiry, booking tourism train tickets, holidays tickets and lot more.

cleartrip,

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Citibank India Guide to Secure Online Banking

via : Citibank Email

Protecting our customers and providing a secure online banking experience is a top priority at Citibank. To ensure you have complete peace of mind on your transactions with sensitive information, we bring you tips and easy steps to practice secure online banking.

Always type https://www.citibank.co.in or www.citibank.com/india to visit our site. Don’t enter your IPIN on any other site.Keep your IPIN confidential. Ensure that no one is watching you when you enter your IPIN to prevent unauthorized access to your account. Do not share your IPIN with anyone, including Citi staff.Citibank will never send emails that ask you to enter your account or card information, personal details or your password or IPIN.Beware of phishing scams. Don’t click on any links on email or provide any information on a bogus website.Do not use a shared computer or device that cannot be trusted for online banking for e.g. an Internet Cafe computer.Ensure that your computer is free from any electronic, mechanical, data failure, spyware, malware, viruses or bugs. Keep your Antivirus, Firewall and other software up to date.Spyware may maliciously gain access to your passwords, IPIN and all Personal identifiable data. Some malicious websites, emails may infect your computer with spyware that is not readily visible to you. Be careful on how you use your computer. If you have installed any software that claims to speed up your internet connection, or have additional third-party toolbars on your browsers, you may be using malware that may be able to spy on you. We recommend that you use software you trust.Do not leave your computer unattended while you are still engaged in an online banking session.If you receive an OAC (Online Authorization Code) or an alert about changes to your account that you did not request, please contact us ‘URGENTLY’. It may be an indication that someone is trying to access your account maliciously.If you believe that your Card number and/or ATM/Credit Card IPIN may have been lost or stolen or if you notice suspicious transactions on your account, notify Citibank immediately by calling 24/7 CitiPhone or the nearest Citibank Branch.Read and follow Citibank’s recommended online security tips to ensure safe online banking experience. Visit www.citibank.com/india for the latest online banking tips.

We constantly update our security technology to ensure secure transactions at Citibank Online and it is imperative that you take necessary steps to safeguard yourself as well. Do update your mobile number by logging into your account online. It will help us inform you at the earliest in case your Card or Account is misused.

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How to Calculate Long-term Capital Gain Taxes

Long – term capital gain on sale or transfer for foreign exchange assets shall be calculated subject to the following points:
1. The benefit of indexation under second proviso to section 48 is not available in respect of sale or transfer of foreign exchange assets
2. No deduction is permissible in respect of Long – term capital gain under sections 80C to 80U.
3. By investing sale consideration in another asset, the non- resident Indian can claim exemption under section 115F

Tax on investment income and long-term capital gain – Non-resident Indian can chargeable to tax on investment income at the rate of 20 per cent* and long-term capital gain (as computed above) at the rate of 10 per cent.

Return of income not to be filed in certain cases – In cases where a non- resident Indian has income only from a foreign exchange asset or income by way of long-term capital gains arising on transfer of a foreign exchange asset, or both, and tax deductible at source from such income has been deducted, he is not required to file the return of income under section 139(1).
The income from foreign exchange assets and long-term capital gains arising on transfer of such assets would be treated as a separate block and charged to tax at a flat rate as explained above. If the non- resident Indian has other income in india, such other income is treated as an altogether separate block and charged to tax in accordance with the other provisions of the Act.

Benefit available even after the assessee becomes resident – Where a person, who is a non- resident Indian
in any previous year, becomes assessable as resident in India in any subsequent year, he may furnish to the Assessing officer a declaration in writing (along with his return of income under section 139 for the assessment year for which he is no assessable) to the effect that the special provisions shall continue to apply to him in relation to the investment income derived from any foreign exchange asset being debentures of and deposits with, an Indian public limited company and Central Government securities. If he does so, the special provisions shall continue to apply to him in relation to such income for that assessment year(and for every subsequent assessment year) until the transfer or conversion (othervise than by transfer ) into money of such assets.

Special provisions not to apply if the assessee so chooses – A non- resident Indian may opt that the special provisions relating to taxation of the investment income and long- term capital gains at a flat rate should not apply to him. This option is exercisable by a taxpayer by making a declaration to that effect in his return of income for the relevant assessment year. In cases where such an option is exercised by a non- resident Indian, the whole of his total income (including income from foreign exchange assets and long- term capital gains arising on transfer of a foreign exchange asset ) is charged to tax under the general provisions of the Income-tax Act.

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Indian Rupee Symbol Sign Complete Information

The glad news of Indian rupee getting a new symbol has truly been a much awaited one, as on 15th July 2010, we got our new identity. This innovation has made India join the elite currency club and proudly display the emblem with some of the world’s most respected currencies. The combination of devanagiri script and Roman alphabet depicts the blend of Indian ethos and global culture, which is bound to make a dashing entry in the global league.

India as a country was one of the earliest designers and official traders of coin, and as a result it has seen a wide range of monetary units throughout its history. There is lot of historical evidence to show that the first coins may have been introduced somewhere between 2500 and 1750 BC. However, the first documented coins date from between the 7th/6th century BC to the 1st century AD.

What does the Symbol mean to Us :

Rupee is the name given to the official currency that is used in several countries including India, Bhutan, Pakistan, Sri Lanka, Nepal, Mauritius, Maldives and Indonesia. Among all the countries mentioned above, the Indian rupee is the most important with respect to value, preference and popularity.

The Indian rupees and trading system have come across a long history, time immemorial and stood as a true reflection of common man’s expectation. Our currency had been minted with all types of metal, starting from copper to aluminum, each of different shape and size. With the advent of printing technology, new designs and secured parameters became increasingly important in our currency. The portrait of Mahatma Gandhi in the currency notes reflected the values, principles for which India has stood and being globally appreciated –patience and tolerance. The new symbol combines the value of “Bharat” and “New Age India”, an expression raised by the strong billion populations. With the inception of this new symbol, the most exciting factor is the “Brand India” getting into the next league, re iterating the fact of world’s largest democracy. This is not just another brand exercise, but relevance of strong cultural background and diversity at its best.

As the world is limping back to normalcy, there was a need for Indian financial system to reinvent themselves and project a theme, which displays economic prowess, the technical wizard and culture czar of the world to the global markets. After open economy became the talk of the town, India has taken steps at every level to update their growth progress in all the possible fronts. This identity has definitely touched us at different levels and makes us travel across the globe with head held high and flash the notes with pride. The bold statement made by Ms Ambika Soni, minister for Information and Broadcasting clearly reflects the joy and honor of India has definitely has reached another milestone in its glorious history. Ms Soni also said that the State Governments would be impressed upon to encourage the use of the new Rupee symbol and proactively promote its use. The symbol would better distinguish the Indian currency from those countries whose currencies are also designated as Rupee or Rupiah, such as Pakistan, Nepal, Sri Lanka and Indonesia, she added.

Unicode Standard :

Software industry experts feel that adoption of the new rupee symbol could take up to 18-24 months. As a first step, the new symbol will have to be included in the Unicode standard — an international encoding scheme used to uniquely identify characters. The symbol will also be included in the Indian standard – Indian script Code for Information Interchange (ISCII). The ISCII specifies various codes for Indian languages for processing on computers along with keyboard layouts. After encoding of the symbol in the Unicode Standard and National Standard, the Nasscom will approach software development companies for incorporating the rupee symbol in their software, as a new programme or as an update. This will enable computer users worldwide to use the symbol even if it is not embedded on the keyboards. (much like the euro symbol, which is not embedded in the keyboards in use in India)

Unfolding the New Identity – A Grand Opening :

The new “rupee” symbol is ready for launch in the coming 18 to 24 months. The pride and honor does not just rest with D.Udaya Kumar of IIT Bombay, but with the countless Indians who have always rejoiced and displayed their patriotism in the vivid colors. When this symbol gets into practice, the application and full convertibility are the challenging areas to be looked after. Though the clearance from the cabinet has come, but the official launch is expected to be delayed with technical clearances to be sorted out. The opening of the symbol is sure to end the conservative approach of Indian economy and make the world understand that if $ stands for dollar, world’s most accepted currency, then R stands for rupee is going to rewrite the Your browser may not support display of this image. standards of appreciation.

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Income Tax Rate Slabs 2010-11 for Individuals, HUF, AOP, BOI

The following mentioned Income Tax slab rates are applicable to Indian individuals, Hindu Undivided family (HUF), AOP, BOI, Artificial juridical person. The rates are applicable based on the total income made or earned in the previous year and above the total tax amount the assesse should also pay a Education cess of 2% and Secondary & Higher Education cess of 1% in total.

Net Income Range upto Rs 1,60,000 :
If the total income is upto Rs 1,60,000 or less then there is no Income Tax to be paid because this is the minimum amount which Government of India allows to be considered as tax free income level, following which there are huge taxes to be paid. Since there is no Tax there is no need to pay any Education Cess and Secondary & Higher Education cess.

Net Income Range from Rs 1,60,000 to Rs 3,00,000 :
If the total income in the range between Rs 1,60,000 to Rs 3,00,000 then you should pay a total 10% of (total income minus Rs 1,60,000). On the total tax amount you will also be liable to pay Education Cess of 2% of Income tax and Secondary & Higher Education cess of 1% of Income tax.

Net Income Range from Rs 3,00,000 to Rs 5,00,000 :
If the total income in the range between Rs 3,00,000 to Rs 5,00,000 then you should pay a total of Rs 14,000 minimum tax amount and 20% of (total income minus Rs 3,00,000). On the total tax amount you will also be liable to pay Education Cess of 2% of Income tax and Secondary & Higher Education cess of 1% of Income tax.

Net Income Range above Rs 5,00,000 :
If the total income is above Rs 5,00,000 in the previous then you should pay a total of Rs 54,000 minimum tax amount and 30% of (total income minus Rs 5,00,000). On the total tax amount you will also be liable to pay Education Cess of 2% of Income tax and Secondary & Higher Education cess of 1% of Income tax.

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Freshers Jobs at NTPC as Assistant Chemist Trainees for M.Sc Freshers

Job Position: Assistant Chemist Trainees

Technical Skills: M.Sc Chemistry Freshers

Job Description:
Selected candidates in the area of Chemistry will undergo training for a period of 1 year at NTPC’s project/stations/other technical training institutions. During training, they will be paid a stipend of Rs. 20600/- per month with free bachelor accommodation with medical facility for self. The selected candidates will be required to execute a service agreement bond to serve the organization for 3 years after successful completion of training. On successful completion of training, they will be placed in the scale of Rs. 20600-46500 (E1 scale).

Experience: 0 Years (Fresher Jobs

Qualification: M.Sc Chemistry

Work Location: NTPC, India

Company Name: NTPC, India’s largest power company, was set up in 1975 to accelerate power development in India. It is emerging as an ‘Integrated Power Major’, with a significant presence in the entire value chain of power generation business. NTPC ranked 317th in the ‘2009, Forbes Global 2000’ ranking of the World’s biggest companies. With a current generating capacity of 32,694 MW, NTPC has embarked on plans to become a 75,000 MW company by 2017.

Last Date to Apply: 03-12-2010

How to Apply: For Application and to apply online please check here… or here…

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LIBA 2011: Loyola Institute of Business Administration: PGDM Admission Notification

Loyola Institute of Business Administration

LIBA 2011 Admissions

Eligibility
For admission to the Full-Time PGDM programme the candidate should be a graduate in any discipline from a recognized University and should have secured a minimum of 60% marks in the aggregate. Students completing their final year examinations by June 06, 2011 may also apply.

Register for XAT 2011 with the required fees at www.xlri.net.in and obtain XAT ID. Last date for XAT 2011 online registration is 30 November, 2010. Only the candidates who have applied to XAT 2011 are eligible for admission to LIBA.

Important Dates:
LIBA Online Registrations begins : 27 September, 2010.
XAT Online Registration closes : 30 November, 2010.
XLRI Admissions Test (XAT 2011) : 02 January, 2011.
LIBA Online Registration closes : 28 January, 2011.
Last Date for receipt of LIBA Application Fee : 31 January, 2011.

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Teaching & Non Teaching Jobs @ Assam University

Assam University

Teaching Vacancies:
Professor : 07 posts
Associate Professor : 07 posts
Assistant Professor : 22 posts i

Non-Teaching Vacancies (Technical & Non Technical) :
Carpenter : 01 post
Medical Officer : 01 post on contractual basis
UDC : 01 post
LDC : 02 posts

Last Date: 11th Dec 2010

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Teaching jobs: UP Rural Institute of Medical Sciences & Research : Faculty Vacancies in RIMSNR

UP Rural Institute of Medical Sciences & Research (RIMSNR) – Safai, Etawah

Faculty 35 vacancies
1. Professor (Sr/Jr Grade):06
2. Associate Professor: 18
3. Asstt. Professor /Lecturer: 09
4. Lady Medical Officer: 02

Last Date: 30th Nov 2010

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Hindi, Science, Punjab, Maths and English Master/ Mistress/ Teacher’s jobs in Sarva Shiksha Abhiyan Authority, Punjab: Syllabus

This post was published on November 20, 2010
Post Key Words: Jobs,Teaching

Sarva Shiksha Abhiyan Authority, Punjab

Director General School Education–cum-State Project Director, Sarva Shiksha Abhiyan Authority, Punjab invites applications for the Test to be conducted for filling up the following posts on Contract Basis in various districts as per details given below.

Eligible applicants may personally submit online application starting from 23.11.2010 to 10.12.2010 up to 5:00 PM in the prescribed online format available at http://www.recruitment.cdacmohali.in.

Consolidated Remuneration (Per Month)Basic and professional QualificationGraduate with 50% marks from a recognized university with Hindi as one of the elective subject in all the three years of Graduation and B.Ed. with 50% marks along with Hindi as one of the teaching subject.B.Sc Medical with 50% marks and B.Ed with 50% mark along with one of the teaching subject as Science from recognized university. B.Sc Non Medical Candidates may also apply however Preference will be given to the B.Sc Medical candidates. B.Sc Non Medical Candidates will only be considered if the B.Sc Medical candidates are not available.Graduate with 50% marks from a recognized university with Punjabi as one of the elective subject in all the three years of Graduation and B.Ed with 50% marks along with Punjabi as one of the teaching subject.Graduate with 50% marks from a recognized university with Mathematics as one of the elective subject in all the three years of Graduation and B.Ed with 50% marks along with one of the teaching subject as MathGraduate with 50% marks from a recognized university with English as one of the elective subject in all the three years of Graduation and B.Ed with 50% marks along with one of the teaching subject as English

Age Limit: Between 18 and 37 years as on 1st Nov. 2010. (01.11.2010). Age relaxation as per the rules of Punjab Government.

Application Fee: Candidate must bring a non refundable Bank Draft/ Postal order for Rs 250/- (Rs 125/- for SC Candidates) in favour of “State Project Director” payable at Chandigarh along with the admit card/ Registration slip on the day of written examination at the venue of the examination centre. The candidates without prescribed application fee in the from of Bank Draft/ Postal order will not be allowed to appear in the written examination.

Instructions:

1.      The candidate has to apply only online http://recruitment.cdacmohali.in. No other mode of applying will be entertained.

2.      The recruitment will be made based on the merit of the written test only.

3.      The recruitment will be made on the basis of merit drawn for the written test which will be held on as per the schedule below:

4. The candidates should reach the examination centres one hour before the start of the examination. At the examination centre, the candidate has to produce his/her admit card pasted with passport size photograph and duly attested by magistrate/ Gazetted Officer along with identity proof, which may be either any of from the Driving license, Voter ID Card, Passport, PAN Card.

5.The candidate has to verify himself that he/she fulfils all the eligibility conditions for this post.  Appearing in the examination and qualifying the test does not entitle him/her for appointment to the post. The selection will be subject to his/her found eligible for the post. Verification of original documents would be done at the time of counseling/joining. The purpose would be to verify different records regarding identification, age, qualifying examination, state of eligibility, category etc, of the candidate. On failing to establish of any of the documents the candidate will not be considered for recruitment and liable for criminal action.

6. The Question Paper will be of objective type (100 marks) having 100 questions with multiple choices on OMR sheet with one correct answer of each question of appropriate standards. The duration of the paper will be ONE HOUR. There will be NEGATIVE MARKING. Each right answer will carry one mark and ¼ mark will be deducted for each wrong answer.

7. No candidate will be allowed to appear in the examination without Roll Number Slip and Demand draft/ Postal order of prescribed application fee amount.

8.Candidates should bring with them BLUE or BLACK Ball Pens only. Books, written notes, calculator, mobile phones and other electronic devices etc. will not be permitted to be carried in the examination hall.

9. Candidates are advised to visit the web-site www.ssapunjab.org and website http://recruitment.cdacmohali.in regularly.

10.  The Proposed date of declaration of written examination result is 07-01-2011.

IMPORTANT:

The detailed Syllabus for the test will be available from 25-11-2010 on the ssapunjab.org and http://recruitment.cdacmohali.in/The number of vacancy may vary.The merit list will be valid till 31-12-2011The candidates are advised to fill their post, category and sub category if any and other data carefully. Data once locked i.e. on 10-12-2011 filled will not be changed.It is the observation of this office that while applying online candidates take the help of Cyber Café attendants, who at times tend to commit mistakes. The candidates are advised to fill their forms Online themselves. Data once filled will not be changed.

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CSMCRI: Central Salt and Marine Chemicals Research Institute, Bhavnagar: JRF Project Assistant Level II: Walk-ins

Central Salt and Marine Chemicals Research Institute, Bhavnagar

JRF Project Assistant Level II: 02 Posts

Fellowship: As per DST guideline. CSIR JRF qualified candidates “JRF” – Rs. 16000/- pm; “SRF” – Rs.18000/- pm (fixed). Whereas for CSIR NET-LS qualified candidates “project JRF” – Rs.12000/ pm; “Project SRF” – Rs. 14000/- per month (fixed). HRA is payable as per rule.

Qualification: M. Sc. with 55% marks in Physical/Analytical Chemistry. CSIR-JRF/NET-LS qualified candidates will be preferred.

Age: Candidates should not be more than 28 years as on 15th November, 2010. However, upper age limit may be relaxed as per CSIR rules.

Job Description: Selected candidates have to work on a DST sponsored project entitled “Developing tailored portable lead sensor based on stripping voltammetry”- this project offers opportunity for Ph.D. degree.

Interested candidates are requested to appear before the Selection Committee for written test & interview on 15th November, 2010 at 9.00 A.M

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Teaching/ Faculty Jobs in Jawaharlal Institute Of Post Graduate Medical Education And Research, Puducherry

Jawaharlal Instit Of Post Graduate Medical Education And Research, Puducherrutey-6.

DETAILED INFORMATION SHEET CONTAINING QUALIFICTIONS, EXPERIENCE, AGE LIMIT, SCALE OF PAY ETC.  INRESPECT OF PROFESSORS AND ASSISTANT PROFESSORS IN VARIOUS DISCIPLINES (MEDICAL AND NON-MEDICAL) POSTS ON REGULAR BASIS ADVERTISED VIDE ADVERTISEMENT NO.1 (27)/2010 DATED 10.11.2010 FOR WHICH LAST DATE FOR RECEIPT OF APPLICATIONS IS 09.12.2010.

1. PROFESSOR** – TOTAL 32 POSTS

Scale of Pay PB-4: 37400-67000 + G.P. 10500/- (Academic Grade Pay) with a minimum of Rs.51,600/-  + NPA for Medical candidates only.

* The candidates with Non-Medical Qualification may also apply.

2. ASSISTANT PROFESSOR- 52 Nos.

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CSEC: Programme Coordinator and Project Assistant Recruitment @ Centre for Science Education and communication in Delhi

This post was published on November 20, 2010
Post Key Words: Jobs,Research

Centre for Science Education and communication-Delhi

The Centre invites applications from eligible candidates for temporary appointment of one Programme Coordinator, one Project Assistant and one Junior Assistant. The last date for submission of applications  is December 15, 2010. Detailed eligibility conditions and application procedure is given below:
Post 1: Programme Coordinator
The appointment will be of a purely contractual nature and will be for a period of six months at a consolidated honorarium of  25,000 per month and may be continued further on satisfactory performance on same terms and conditions depending upon the requirement of the Centre.

Candidate should hold a Ph.D. degree in science and must have a proven track record in science communication as well as experience in organizing scientific events like conferences, quizes etc. The candidate should also have experience in using electric media (especially IT) for science education and communication.
Post 2: Project Assistant
The appointment will be of a purely contractual nature and will be for a period of six months at a consolidated honorarium of  12,000 per month and may be continued further on satisfactory performance on same terms and conditions depending upon the requirement of the Centre.

The candidates should have a Masters degree in Science with at least three years experience in science education and communication or web designing, management of online discussion groups/bulletin boards etc.
Post 3: Junior Assistant
The appointment will be as per University of Delhi rules on contract at a consolidated salary of 10,500 per month.
Essential:
1. Graduate from a recognized university.
2. Having a typing speed of 40 w.p.m. in English through computer.
Desirable: Diploma in Office Management and Secretarial practice

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Assistant Registrar Jobs Openings @ Indian Institute of Science (IISc), Bangalore

This post was published on November 20, 2010
Post Key Words: Jobs,Other

Indian Institute of Science (IISc), Bangalore

ASSISTANT REGISTRAR: 04Posts (SC-1, OBC-1, UR-2)]

Upper Age Limit: 40 years, relaxable in exceptional cases at the discretion of the competent authority.

Essential Qualifications and Experience: A Master’s degree with at least 55% marks or its equivalent grade and 5 years of Supervisory experience OR A Bachelor’s degree with 8 years of Supervisory experience.  At least 5 years of the experience should be in a Government/Semi-Government/Public Sector/Autonomous Organization/Educational Institution of higher learning or in a Commercial Organization of national standing, in the scale of `6500-10500 (pre-revised). He/She should have a sound knowledge of the Rules of the Government of India relevant to an academic institution.

Desirable Qualification/experience:
Common to all Posts: Post Graduate Degree/Diploma in the relevant field and/or in Management.  Knowledge of computers – operating system, software packages like MS Office, FoxPro, etc.

Code ET – Establishment: Experience in students’ hostel administration, establishment, reservation and rosters, security, legal and vigilance matters etc.

Code MM – Materials Management: Experience in handling local and foreign purchases, customs clearance procedures, claims etc. with various tax authorities etc.

Code FM – Finance & Accounts: Experience in handling accrual system of accounting, computerized accounting systems, Audit functions etc.

Code PR – Public Relations:  Experience in organizing conferences, seminar, symposia, in-house publication etc., meeting of foreign and Indian dignitaries, experience with media.

Last Date: 20th December 2010

Complete Details

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JIPMER Recruitement for 32 Professor and 52 Assistant Professor Jobs

Jawaharlal Institute of Postgraduate Medical Education & Research (JIPMER)
Puducherry

1. PROFESSOR** – TOTAL 32 POSTS

Scale of Pay PB-4: 37400-67000 + G.P. 10500/- (Academic Grade Pay) with a minimum of Rs.51,600/-  + NPA for Medical candidates only.

* The candidates with Non-Medical Qualification may also apply.

QUALIFICATION FOR PROFESSOR (MEDICAL)
i)  A Medical qualification included in the I or II Schedule or Part II of the third Schedule to the Indian Medical Council Act of 1956 (persons possessing qualifications included in part II or third schedule should also fulfill the conditions specified in Section 13(3) of the Act.)
ii)  A Postgraduate qualification, e.g. MD or MS or a recognized qualification equivalent thereto in the respective discipline or subject.  And/ Or
iii) M.Ch. for surgical super specialties and D.M. for Medical Super specialties (two   Years or three years or five years recognized course) or qualification recognized   equivalent thereto.

Experience:

Fourteen years teaching and, or research experience in a recognized institution in the subject of specialty after obtaining the qualifying degree of MD or MS or qualification recognized equivalent thereto;
(OR)
Twelve years teaching and, or research experience in a recognized institution in the subject of specialty after obtaining the qualifying degree of M.Ch. or D.M.(two years or five years course recognized after MBBS) in the respective discipline or subject or a qualification recognized equivalent thereto.
(OR)

Eleven years teaching and, or research experience in a recognized institution in the subject of specialty for the candidates possessing three years recognized degree of D.M. or M.Ch. in the respective discipline or subject or a qualification recognized equivalent thereto.

ESSENTIAL FOR NON-MEDICAL CANDIDATES:

1. Postgraduate qualification, e.g. Masters degree in the discipline or allied subject.

2. A doctorate degree of a recognized University.

Experience:
Fourteen years teaching and, or research experience in the discipline or subject concerned after obtaining the doctorate degree.

Note: In case candidates with required experience is not available the post of Professor will be operated at the level of Additional Professor in the scale of pay of PB-4, 37400-67000+9500 Academic Grade Pay with a minimum of Rs.46,000/-

:3:

2. ASSISTANT PROFESSOR- 52 Nos.

(Scale of pay PB-3, 15600-39100 + 8000 (Academic Grade Pay) with a minimum of Rs.30,000/- + NPA for Medical Candidates only)

* The candidates with Non-Medical Qualification may also apply.

:4:

II.  ESSENTIAL QUALIFICATION FOR  ASST. PROFESSOR

Essential qualifications are same as for Professor (Medical)

EXPERIENCE:

Three years teaching and, or research experience in a recognized Institution in the subject of specialty after obtaining the qualifying degree of M.D or M.S. or a qualification recognized equivalent thereto.

ESSENTIAL FOR SUPERSPECIALITY DISCIPLINES:

1.   Same as Professor (Medical)
2.  D.M.  in the respective discipline or subject for medical Superspecialties and M.Ch. in the respective discipline or subject for surgical superspecialties (two years or three years or five years recognized course) or a qualification recognized equivalent thereto.

EXPERIENCE:

One year teaching and, or research experience in a recognized institution in the subject of specialty after obtaining the qualifying degree of D.M. or M.Ch. (two years or five years recognized course after MBBS) or a qualifying recognized equivalent thereto.  However, no experience is necessary for the candidates possessing the three years recognized degree of D.M. or  M.Ch. or qualification recognized equivalent thereto.

ESSENTIAL FOR NON-MEDICAL CANDIDATES:

Essential qualifications are same as for Professor (Non-Medical)

Experience:

Three years teaching and, or research experience in the discipline or subject concerned after obtaining the doctorate degree.

LAST DATE FOR RECEIPT OF APPLICATIONS IS 09.12.2010.

View the original article here

Registrar and Technical Officer Jobs in Punjab University, Chandigarh

PANJAB UNIVERSITY, CHANDIGARH

Advertisement No. 16/2010

Applications are invited for the following post/s so as to reach the Assistant Registrar (Estt.), Panjab University, Chandigarh by 15.11.2010.

1. Registrar-1
Pay Band: Rs.37400-67000 + GP Rs.10000/- plus Rs.1000/- p.m. as S.A and allowances admissible under the University rules.
Educational QualificationsMaster’s Degree or equivalent

2 Controllers of Examinations-1

Pay Band: Rs.37400-67000 + GP Rs.10000/- plus Rs.1000/- p.m. as S.A and allowancesadmissible under the University rules.

Educational Qualifications: Master’s Degree or equivalent

3. Dean, College Development Council-1

Pay Band: Rs.37400-67000 + GP Rs.10000/- and allowance admissible under the University rules.

Qualifications
Professor/College Principal in Professor’s scale and AGP with 5 years’
experience or equivalent.
OR
Associate Professor/College Principal in Associate Professor’s scale and AGP with 10 years experience or equivalent.

4 Associate Dean-1 (College Development Council, P.U. Chandigarh)

Pay Band Rs. 37400-67000+ GP Rs.9000 plus allowances admissible under the University rules.

Qualifications

Essential:
i) Second Class (a) MA or M. Sc. Degree OR (b) and equivalent Degree
provided that the conditions of second class may be relaxed in the
case of persons already approved as Lecturers in the Colleges
affiliated to this University
AND

ii)At least ten years teaching experience in affiliated Colleges/teaching
departments of this University or other institutions of similar
standing provided that in the case of persons holding Ph. D Degree,
the period of teaching experience required may be relaxed to five
years.

Desirable: -

i) Administrative experience at College/University Department level
ii) Intimate knowledge of the functioning of the affiliated Colleges

The appointment of Associate Dean College Development Council will be on probation for one year in the first instance. The probationary period can be extended for another year. The age of retirement is 60 years. The University may, if it so chooses, appoints a person on deputation. The post is nonvacation academic position.

5. Director Public Relations-cum-Editor P.U. News-1

Pay Band: Rs.15600-39100 + GP Rs.6600/- and allowances admissible under the University rules

Qualifications
(i) At least second class Master’s Degree with Degree/Diploma in
Journalism.

(ii) Flair for writing with good command over English and adequate
knowledge of Hindi and Punjabi and experience of 5 years in Publicity
and Public Relations work with background of practical journalism/
5 years’ experience in teaching in Department of Journalism/Mass
Communication.

6. Technical Officer-6 , UIET, P.U. Chandigarh (General-5 & SC-1)

Pay Band: 10300-34800+GP 5000 and allowances admissible under the University rules.

Qualifications:
1. Technical Officer (in Electronics & Communication Engineering)
First Class at Bachelor’s level in Engineering/Technology in Electronics &
Communication/Telecommunication; with two years experience in repair
and maintenance of relevant laboratories of AICTE approved
College/Institute.
2. Technical Officer (in Information Technology)
First Class at Bachelor’s level in Engineering/Technology in Information
Technology/Computer Science & Engineering or First Class MCA; with two years experience in repair and maintenance of relevant laboratories of AICTE approved College/ Institute.

3. Technical Officer (in Mechanical Engineering)
First Class at Bachelor’s level in Engineering/Technology in Mechanical
Engineering; with two years experience in repair and maintenance of
relevant laboratories of AICTE approved College/Institute.

4. Technical Officer (in Computer Science & Engineering)
First Class at Bachelor’s level in Engineering/Technology in Computer
Science &Engineering/Information Technology/Software Engineering or First Class MCA with two years experience in repair and maintenance of relevant laboratories of AICTE approved College/Institute.

5. Technical Officer (in Biotechnology Engineering)
First Class at Bachelor’s level in Engineering/Technology in
Biotechnology Engineering/Bio-Chemical Engg. OR First Class B.Sc.
level Degree and M. Sc. in Bio-tech/Bio-Chemistry/Microbiology; with
two years experience in repair and maintenance of relevant laboratories of AICTE approved College/Institute.

6. Technical Officer (in Electrical & Electronics Engineering)
First Class at Bachelor’s level in Engineering/Technology in
Electrical/Electronics Engineering; with two years experience in repair
and maintenance of relevant laboratories of AICTE, approved
College/Institute

View the original article here

Bangalore City Bus Routes, Timing & Information

City buses are the best and economical way for transport and provides point to point pick and drop to customers. Bangalore City also has bus transport which controls all the buses operations. The Bangalore Metropolitan Transport Corporation is responsible for Bangalore City buses.

If you are new to the city of Bangalore and you would be confused about the bus routes and bus numbers. You would be looking to figure out the bus routes and timings. Here are the three different services which will help you to keep a track on Bangalore City buses and provide you information of what you are looking for.

Bangalore Metropolitan Transport Corporation (BMTC) offers bus route and their scheduled timing information on their website. BMTC has offered this services to third party provider like YulopIndia and the bus routes can be found at BMTC Banglore Bus Routes.

There are two kind of searches that you can do here

Source to Destination Search

In this you need to provide the Source from where you want to get in into bus and your destination stop and click on Go. This will provide all the relevant buses operating in that route.

Search according to Bus Numbers

You can search accordingly to Bus Numbers at BMTC portal. Provided the bus number if you know and you will get the listings by which routes it operates and the respected Bus stages.

Overall this is a good portal which shows whole the route in Google maps automatically and stage names with bus number search option but it lacks the schedule and timing information which makes it just a portal but not a live access portal.

BTIS Route Search

BTIS portal at BTIS Bus Search Guide provides exclusive information and portal for city buses operating in Bangalore. It provides three type of searches for you

Bus SearchRoute Number SearchBus Tracking

Bus Search

If you are looking for a point to a destination bus search then this is the right place to look out for buses. Enter your from and to station and the route will be displayed on the Google Maps.

Route Number Search

The Route number once provided with the bus number will provide the information related to the particular bus like stages and destination station. The route map will be shown on the Google maps also.

Bus Tracking

It provides the real time traffic to a particular bus that you select.

BTIS also offers maps services for mobile phones through apps which can be accessed from your mobile phone too.

However its recommended that you verify details provided by these services with your local authorities. Buses in Bangalore mayn’t run in schedule as it maybe delayed due to traffic or some technical reasons.

View the original article here

Round-tripping via Mauritius

Somehow we missed this excellent story which came out in May this year in Africa-Asia Confidential, a sister publication to the highly respected insider newsletter Africa Confidential.

It is all about Mauritius, a very dirty Indian Ocean secrecy jurisdiction. The article explores its tax treaty with India, looks at reforms now underway to the Indian tax system which we hope will mitigate some of the harm caused by the Mauritius loophole, and discusses high-profile scandals involving Indian round-tripping via Mauritius.

Round-tripping, as it happens, gives the lie to one of the great claims made for tax havens by apologists such as James Hines of Michigan Law: that they stimulate foreign investment (FDI) in onshore jurisdictions nearby. You see, that extra "FDI" is not really FDI, but LDI (local direct investment): it is local investors taking their money out to a place like Mauritius, dressing it up in offshore secrecy, then returning the capital home, gaining the special exemptions (such as zero tax rates) put in place to entice foreign investors -- then laughing as their fellow citizens toil to pay the taxes that they have escaped, or suffer from the reduced public services. And of course the secrecy provides cover for all kinds of crime and market abuse.

Round-tripping is a thoroughly, thoroughly corrupt and corrupting business.

For those who want to see some real examples about why tax havens cause poverty, undermine and distort markets, and foster large-scale crime, read the full article here.

View the original article here

On the Bangkok Declaration

The 14th international anti-corruption conference has produced the Bangkok Declaration: a wordy set of wish-list points and exhortations which, while containing nothing that we would specifically disagree with, was notable for a number of shortcomings. First, it would have far more impact if they had kept it to 500 words: something like the New Haven Declaration, perhaps.

There was also much discussion of individual acts of corruption, important though they are to focus on, and very little on the systemic aspects of it. Read more on that here. Buried down in the 3,000 word declaration was one ray of light, from our point of view:

"The need for a more efficient exchange of information across jurisdictions"

Which is good, if rather vague. But still, no mention of tax havens, no mention of tax, no mention of tax information exchange agreements, and no mention of country by country reporting. But we will get there. The message is spreading quite fast.

View the original article here

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View the original article here

Rand Paul says there are no poor people

Well, he kind of says that, in defense of tax cuts for the richest Americans. In fact, the libertarian U.S. politician said:

"There are no rich, there are (sic) no middle class, there are no poor, we are all interconnected in the economy. . . we all work for rich people, or we sell stuff to rich people . . . "

Here is Steven Colbert, framing the issue, with questions such as this one:

"If a poor family falls on hard times in the woods, and nobody is there to care - then did it really happen?"

And don't forget to watch the little notes on the right hand side, as he speaks. (Some people have said they can't access the video; this link might help.)

View the original article here

Why do we need a General Anti-Avoidance Principle?

Back in 1936 the British House of Lords asserted in the landmark Duke of Westminster Case that

"Every man is entitled to do what he can to order his affairs so that the tax attaching under the appropriate Acts is less than it otherwise would be. If he succeeds in ordering them so as to secure that result, then, however unappreciative the Commissioners of Inland Revenue or his fellow taxpayers may be of his ingenuity, he cannot be compelled to pay an increased tax."

It was, in effect, a green light for tax avoidance. Yesterday the UK Trades Union Congress (TUC) published a briefing on what is known as a General Anti-Avoidance Principle (GAntiP), a way to tackle tax avoidance (which, by definition is not illegal, but also by definition, deliberately gets around the spirit of tax legislation). The briefing was written with the UK in mind, but it has global relevance.

Some tax avoidance can be tackled by specific targeted legislation, it notes; but that is not true in all cases. As it says:

Tax avoidance . . . exploits the gaps in UK legislation and that of other territories. We believe this to be a major contributory factor in the loss arising as a result of corporate tax abuse.

Some argue that if there are such gaps and loopholes then this is the fault of government and that if such loopholes exist then the government should expect smart tax lawyers and accountants to exploit them on behalf of their clients. We do not agree. No law can anticipate all circumstances that can arise and no law can be written in such way that there is never any doubt as to its interpretation: the very nature of language ensures that such doubt will always exist. In addition, the sheer complexity of the modern commercial world means that it is inevitable that there will gaps in the legislation that mirrors that complexity.

And this is where the GAntiP comes in.

The idea behind a General Anti-Avoidance Principle is simple: it would say that if one or more steps are added into a series of transactions with the sole or principle aim of securing a tax advantage (which is defined as a saving in tax) then that step in the transaction is ignored when it comes to calculating the tax due on the transaction. In other words, it tackles pre-meditated attempts to subvert the intention of the tax system that might artificially exclude income from account for tax or that provide tax reliefs that do not reflect the substance of the transactions otherwise undertaken.

Such a law can help governments pass legislation seeking to prevent tax avoidance; it can be used to attack existing avoidance arrangements in a way that relies not on legalistic interpretations but by looking at the arrangement on the basis of a just and equitable interpretation of the law; and it puts taxpayers in a better, clearer position because they know that tax avoidance does not pay. And, not least, it would help us overturn the mentality that gripped the corporate world since the Duke of Westminster case.

From Tax Research. And read more about GAntiP, from Judith Freedman, here.

View the original article here

A history of information exchange

This blogger has just come across a fascinating United Nations document, exploring (among other things) the history of efforts by developing countries to get a fairer global tax system, in the face of determined efforts to stop them. Dated August 2003, and entitled Institutional framework for international tax cooperation, it is a trove of useful historical information for those interested in understanding how we got to the current, cynical global set-up.

One key paragraph written then could have been written today:

"The Monterrey Consensus has imposed on the developed countries an obligation to assist developing and transitional countries in establishing the enabling domestic environment necessary for resource mobilization. As discussed above, that obligation is not being met. It is unlikely to be met any time soon under the existing institutional framework for international tax cooperation."

View the original article here

Investment firm files resolutions on illicit flows

From Harrington Investments:

"Harrington Investments, Inc. (HII), a socially responsible investment advisory firm has filed shareholder resolutions at Citigroup, Bank of America and JP Morgan Chase, calling for the adoption of principles to stem illicit financial transactions which are the result of government corruption and bribery, tax evasion, money laundering, illegal arms deals and the movement of money by drug cartels

It is superb to see the private sector starting to come through on these crucial issues. This is, after all, something that affects reputation and the bottom line, not to mention the billions of human beings whose lives this stuff impacts upon:

"Shareholders, as principals, need to make sure that our agents, corporate executives and bank boards of directors, respond as responsible fiduciaries to protect our banks’ integrity and reputation by developing industry-wide standards."

Heather Lowe, Legal Counsel and Director of Government Affairs for our friends at Global Financial Integrity in Washington, said:

"These resolutions are all about reducing the risk that illicit funds even get to the banks, and if they do, making it easier for banks to identify the bad actors. They are based on recommendations put forward by the Senate Permanent Subcommittee on Investigations earlier this year and recognize that banks need support in their efforts to root out illicit money. We hope that shareholders also recognize the value of making a bank’s partners part of the solution to this global problem."

Harrington's shareholder resolutions are based around four core principles:
That there should be established by governments or other third parties an international, publicly administered database of politically exposed persons so that all financial institutions can access it, and be privy to the same information, to enable consistently rigorous due diligence across the industry.That other actors in financial market transactions, such as realtors and escrow agents, attorneys and their client accounts, should be subject by public policy to strict anti-money laundering safeguards.That all privately held corporations that seek access to US financial markets should be obliged by public policy to disclose the names of natural persons having a substantial economic interest in such entity or exercising de facto control over its policies or operations.That the United States government should implement these principles through its policies, and by advocating for appropriate international mechanisms.Congratulations to them for blazing this trail.

View the original article here

Coach Tote Bags Black Gold

 ”A dream of red mansions” for women earn literary history of equality between men and women. Cao xueqin love women not only, still understand a woman, so he wrote a ugg australia woman’s book, female talent watching. Moreover, the man also watching. I wish the woman saw can better understand myself more. I wish to see the man understands the woman some more.
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View the original article here

The case of the disappearing tax havens

When the OECD first published its black/white/grey list of tax havens to coincide with a G20 meeting on April 2, 2009, it contained four blacklisted jurisdictions, Costa Rica, Malaysia, Philippines and Uruguay -- and 38 on the grey list.

Within five days, the blacklist was declared empty. Countries had been able to get off the blacklist simply by promising to co-operate with the OECD's hopelessly inadequate standards. Eurodad explores the issue here. As they noted:

"It is worrying that while the G20 have called for sanctions against tax havens, none has been announced yet. Paradoxically it is rather the other way round: tax havens seem to be dictating the way the OECD should operate."

We would tend to concur. The OECD has now produced a new, squeakier-clean tax haven list. The blacklist remains empty. The 38 has been reduced to just nine. These nine represent, according to IMF data, less than two percent of total trade in cross-border financial services. John Christensen, TJN's director, said:

"This tells us that the OECD have now given carte blanche - that is, white-list treatment - to 98 percent of the global market in offshore financial services. Are they really trying to tell us that the offshore problem is almost solved?"

Now get this. The G20 originally declared a vague intention to apply sanctions to jurisdictions that did not co-operate. Presumably this referred to the blacklist, but we would argue that a far broader set of jurisdictions deserve sanctions. Anyone for Panama?

And what does the OECD now say about sanctions?

"Neither the Global Forum nor the OECD has the power to impose sanctions on countries that do not implement the standards. Individual countries whether OECD or non- OECD will decide for themselves what actions they consider necessary to ensure the effective enforcement of their tax laws. The G20 has produced a list of potential measures based upon an analysis provided by the OECD."

In other words, sauve qui peut. Or, more prosaically, business as usual.

View the original article here

UK tax avoidance: mass protests coming

From UK Uncut:

"We’ve been a bit quiet. But we’ve been plotting. On Saturday December 4th there will be a day of national mass direct action against tax avoiders. Watch this space. More details soon."

(background is here.) They also note:

"Vodafone executives have admitted today that, rather than UK Uncut shutting down a “small number” of stores, as previously claimed, we in fact shut down almost ten per cent of their stores in October 30th, including several of the biggest ones.

Now from the Metro:

"Few details are available about what the protests will involve, but the group plans to use Twitter to alert its activists and new converts to the cause to where the demonstrations will take place. The Sunday Telegraph has named UK Uncut's leader as television producer Thom Costello and he told the newspaper the next demonstration will be on a 'significantly bigger scale' than anything the group has done before."

Excellent that people are now paying attention to this parasitic activity. It's also interesting to note that Costello is only 22 years old.

We will be watching this with great interest.

We should also point out, in this context, an excellent article from Nick Cohen in the Observer. Read the whole thing: it is well worth it.

"It shows that the Revenue is prepared to have one law for the wealthy and another for the rest and undermine the moral basis of the system over which it presides."

Cohen also puts paid to the propaganda from Vodafone and the British government that the six billion pounds of dodged tax is, as they put it, "an urban myth." Private Eye has the full details here. It is a sorry tale.

Finally, TJN has now done its own bit. We have stopped using Vodafone and moved - lock, stock and barrel - to the Phone Co-op.

View the original article here

Does the UK Conservative Party know to whom they are paying rent?

From the Land Matters blog (hat tip: Chris Jordan, ActionAid)

Amidst all the press coverage of the student demonstration in London on Wednesday, one small question was niggling me as I watched the windows being smashed in Millbank Tower. Whose windows? Who owns Millbank Tower?

And the answer?

A 2 minute search of the Land Registry turned up Title Number NGL886677 together with a plan which reveals that the 21-24 Millbank and 25 and 30 Millbank are owned by Basio Holdings Ltd. of 1 Palm Chambers No. 3, PO Box 3152, Road Town, Tortola, British Virgin Islands.

So the Conservative Party (who rent offices in No. 30) are paying rent to a company in the British Virgin Islands. I hope they are aware of the Non-Resident Landlords Scheme.

Well done that blogger. We think the world needs to know more about this arrangement. The FT says it belongs to the Reuben brothers, two property tycoons who made their fortune in Russian aluminium during the chaotic 1990s. Could be.

(Separately, the Land Matters blog has also published a Land Value Tax proposal for Scotland.)

View the original article here

HP0-J17 PDF Questions

Exam Number/Code : HP0-J17
Exam Name : Designing and Implementing the HP StorageWorks EVA4400
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View the original article here

Task Force: G20 action inadequate on transparency

From the Task Force on Financial Integrity and Economic Development:

G20 Action on Development and Corruption Welcome, But More Transparency Needed, Say Campaigners

Seoul, South Korea – New plans from the G20 to tackle corruption and promote development are welcome commitments, said the Task Force on Financial Integrity and Economic Development (Task Force) following the conclusion of the G20 Summit in Seoul today. However, the group warned that key reforms were still missing.

“The Seoul Development Consensus for Shared Growth, includes some innovative ideas like strengthening tax collection powers in developing countries. Likewise the Action Plan from the corruption working group proposes positive steps on asset recovery, money laundering, and visa bans for corrupt officials,” said Gavin Hayman, Campaigns Director of Global Witness. “But the G20 has missed the opportunity to take concrete action to promote transparency in the financial system that will really have an impact on corruption, tax evasion and poverty.”

“What is missing from the Seoul communiqué are the key elements of global financial transparency: country by country reporting for multinational corporations, automatic tax information exchange, full disclosure of corporate ownership or beneficiaries of offshore trusts and accounts, and a tougher stance on non cooperative jurisdictions,” said John Christensen, director of the Tax Justice Network.

“Crime, corruption, and tax evasion drive $1 trillion out of the developing world every year,” said Global Financial Integrity director Raymond Baker. “That’s $10 lost for every $1 that comes in as aid. This money ends up in tax havens as well as banks in G20 nations. Transparency would stem this outflow of dirty money by making it harder for criminals and kleptocrats to stash their dirty money abroad.”

“G20 leaders don't have time to waste,” said Nuria Molina-Gallart, director of the European Network on Debt and Development. “In 2011 the G20 must put into place concrete measures to ensure that big corporations and financial institutions comply with the highest standards of financial transparency and integrity. The global playing field must be leveled for developing countries to have a shot at sustained and robust development in the post economic crisis recovery.”

Contacts: Bangkok: Robert Palmer +44 754 564 5406; Washington D.C: Monique Perry Danziger +1-202-904-3113; London: Anthea Lawson +44 207 492 5882 or +44 787 262 0855, John Christensen +44-79-79-868-302; Brussels: Núria Molina, +32 -473-410-834

Note to editors:

The Task Force is a unique consortium of governments and research and advocacy organizations, which promotes awareness of the link between illicit financial flows and poverty in developing countries and advocates for greater transparency and accountability in the global financial system. Task Force members include: Christian Aid, the European Network on Debt and Development (Eurodad), Global Financial Integrity, Global Witness, Tax Justice Network, Tax Research LLP, and Transparency International.

To learn more visit: www.financialtaskforce.org

View the original article here

Death of the Liberal Class

An interesting discussion on Grit TV (hat tip: Naked Capitalism) with Chris Hedges, on the death of Liberalism (in the American sense of the word.) It is a bit long, gentle, highbrow, well spoken and historical; and it contains a number of interesting, and troubling, insights. Among the many are these:

"There were two reactions to the global crisis in the 1930s. One resulted in Fascism; and the other resulted in the New Deal. The reason we got the New Deal was because we had powerful, radical social movements with broad social visions, and the guts to stand up and fight back. And those movements, with the complicity of the Liberal class, have been destroyed."

Or

"When we saw the rise of globalism, the dismantling of the regulations that had served as bulwarks not only to protect the marketplace, but ultimately to protect democracy, lifted, the liberal class did not have the fortitude to fight back."

And

The only thing that kept the liberal class honest was the radical left, and that once you destroyed and gutted the radical left, the liberal class evolved into a class of courtiers: hedonists of power who speak one way and act in another. The Democratic Party is the poster child for this.

The very same could be said, we would add, of Britain's New Labour, which took capitulation to the City of London to new levels. More optimistically, there is this.

"If I didn't have hope, I wouldn't be here and I wouldn't write this stuff. Hope has, Augustine says, two beautiful daughters: courage, and anger. Anger because of the way things are, and courage to see that they don't remain the way they are."

And this contains many more interesting snippets. Watch it here:

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Vulture Fund dodges UK debt relief law in Jersey court

Guest blogger: Nick Dearden, Jubilee Debt Campaign

A court in Jersey has awarded a ‘vulture fund’ $100 million on the basis of a defaulted debt ‘owed’ by the Democratic Republic of Congo, allowing the fund to get around a British law which would prevent such action being taken. In other words, Jersey’s court has provided a loophole which has allowed a particularly unpleasant company to make money from one of the world’s poorest countries.

So-called ‘vultures funds’ buy up defaulted debt from developing countries for small amounts of money and then sue those countries for the face value of the debt – often adding extortionate fees and interest charges.

FG Hemisphere is one such fund, and has been pursuing a debt run up during the rule of dictator Mobutu Sese Seko in the 1980s. It was awarded payment a few years ago and is now busy going around the world trying to enforce its claim against companies with connections to DRC. Long-term investment in DRC is hampered as a result.

The original debt, which FG Hemisphere bought in 2003, was for $37 million. It has now risen to more than $100 million in principal, interest and fees, and is growing by around $27,500 a day, according to Jersey Court of Appeal documents seen by Bloomberg.

By rights this debt should have been written off as completely illegitimate – even the IMF’s own consultant in DRC told the institution to stop lending in 1978 because there was “no (repeat, no) prospect for Zaire’s creditors to get their money back in the foreseeable future”.

Fortunately much of DRC’s debt has been written off – at long last – today. The Paris Club of creditors has cancelled $7.4 billion on the grounds it was unpayable.

After a campaign by NGOs earlier in the year, the British Parliament passed a law just a day before Parliament dissolved for the General Election which would effectively make the actions of companies like FG Hemisphere impossible – insisting they take the same discount that the World Bank and IMF are taking on the debts of countries like DRC. However, because Jersey has not (yet) incorporated the law, DRC is still being harassed by the vultures there.

As such, FG Hemisphere won a judgement ordering Jersey-based mining company GTL to send “all future payments” on a mining contract with DRC’s state-owned Gecamines to FG Hemisphere. Gecamines Director General Calixte Mukasa told Bloomberg the decision was “incredible and revolting” and said the company will appeal.

The very existence of vultures provides one more reason why ‘secrecy jurisdictions’ are a problem. Vultures are almost always set up in such jurisdictions – British dependencies being a particular favourite – as they provide the perfect cloak for investors in such funds and help protect them if things go wrong. ?

It is vital that Jersey incorporates the vulture law if the island is not to continue being used by some of the most reprehensible companies in the world. Moreover, the British government needs to make the law permanent across the UK – it is currently under threat from a sunset clause which could mean the UK Government reverses the law next year.

View the original article here

Caymans says it is well regulated

The number of suspicious financial activity reports in the Caymans increased from 219 in government’s 2006/07 budget year to 358 in the fiscal year that ended as of 30 June. This was taken as a sign of increased vigilance and a clean-up.

We would note two things here. First, the Caymans Attorney General said that

"[It shows] this jurisdiction will be hostile to those who wish to use it…for money laundering and terrorist financing."

This is the same old story. Focus exclusively on the smaller-scale issues - money laundering and terrorist financing - and you get to leave the big money - tax evasion (and avoidance) -- alone. Second, the number 358 seems impressive - until you read Tax Research UK, which notes:

"Cayman is the fifth biggest financial centre in the world, and one where secrecy is paramount – with massive legal penalties to enforce it. London is a bigger financial centre, admittedly. And secrcy is still important. But there’s some indication of a difference in culture: Cayman had 358 SARs. We had 228,834 in the year to September 2009."

As the title of that blog rightly advises: don't make us laugh.

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Hudson calls the deficit commission by its real name

The American commentator Michael Hudson has a great piece on President Obama's bipartisan commission whose mission is to "cure" the U.S. budget deficit. As Hudson says:

The National Commission on Fiscal Responsibility and Reform, known as the Deficit-Reduction Commission” among media friendlies, might better be called the New Class War Commission to Scale Back Social Security and Medicare Payments to Labor in Order to Leave more Tax Revenue Available to Give Away to the Super-Rich. A longer title, but sometimes it takes more words to get to the heart of matters."

Which is funny, in a tragic and serious kind of way. But that's not the main point of this blog. We are interested in what he has to say about tax, and specifically the fact that the Commission wants to scale back mortgage deductibility for home owners. That is, the fact that you can deduct your mortgage payments against tax. This is something that we have blogged on several occasions in the past, such as here. That post explains the offshore angle that is important in this respect, and the way that entire tax systems are skewed in favour of debt leveraging.

On one level, Hudson supports the proposal.

"Defenders of stopping this tax credit make the valid point that the mortgage-interest tax deduction does not really save homeowners money at all. It is a shortsighted illusion. And this argument is right – absolutely right. What the government gives to “the homeowner” on one hand is passed on to the mortgage banker by “the market” process that leads bidders for property to pledge the net available rental value to the banks in order to obtain a loan to buy the home (or an office building, or an entire industrial company, for that matter.)"

To put it more crudely, property owner make big tax savings on the face of it - but the market then transforms these savings into higher rental and land values, which then get turned into bigger bank loans and bigger bank profits. At the end of the day it is the bankers, not you, who get the benefit. And you have to pay higher personal and sales taxes to make up for the tax shortfall too. Without the tax subsidy, your house and rents (and mortgage payments) would be cheaper, and you would ultimately be no worse off. Remove the subsidy, and you get to tax the banks by a side entrance. Which is a very good idea. Or at least, given that this would be costly for ordinary people during a transition phase, there should be a cap on interest deductibility.

But there is another part to his argument, which highlights the real cynicism at play.

"I support removing the tax favoritism for debt leveraging. The problem with the Deficit Commission is that it does not extend this reform to the rest of the economy – to the commercial real estate sector, and to the corporate sector.
. . .
This tax bias for debt rather than equity is largely responsible for loading down the U.S. economy with debt, encouraging corporate raiding with junk bonds, adding interest to the cost of doing business, and hence causing the debt deflation that is locking the economy into depression. This subsidy for debt leveraging also is the government’s largest giveaway to the banks. And it also happens to violate every precept of the classical economic drive for “free markets” in the 19th-century."

Hudson's article is perhaps a little hastily written, but well worth reading.

View the original article here

Conference: “Fighting illicit flows from developing countries. What next for the EU agenda?”

Eurodad and the Task Force on Financial Integrity and Economic Development invite you to the conference “Fighting illicit flows from developing countries – what next for the EU agenda?” in Brussels on December 7th and 8th 2010.

In the past few months, G20 leaders have expressed concern about the financial integrity of secrecy jurisdictions and the need to regulate them. In November 2009, they committed to ensuring that developing countries fully benefit from international measures to establish a more transparent and cooperative framework. In June 2010, EU Heads of State and Government went beyond international agreements and committed to “pushing for a more development-friendly international framework” in order to address tax evasion and harmful tax practices, and to increase cooperation and transparency.

As this agenda moves swiftly forward, time has come to consolidate progress made in the last few months and take reforms to the next level. This event will debate official European Union initiatives, as well as civil society proposals to effectively address cross-border tax evasion and illicit financial flows and their harmful impact on developing countries. It will also discuss official and civil society proposals to make the most of the opportunities opening up in the G20 agenda for 2011.

The conference will gather high level experts from both the North and South, as well as academics, decision-makers and representatives from civil society organisations.

The event will open with a cocktail evening on the 7th December, which will provide an excellent networking opportunity for conference participants. On the 8th December, the conference will take place from 9.00 to 17.00. Both events will take place at Biblioteque Royale de Belgique on Boulevard de L’Empereur 4, Brussels.

Registration is open until November 26th . To confirm your participation, please send an email indicating your name, organisation and country, to Miguel Carapeto at mcarapeto (at) eurodad.org

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Zoellick, Baudelaire and the devil's disguise

Recently we pointed out this superb quote from World Bank president Robert Zoellick, which goes a long way towards explaining why the world has been so blind to the problem of tax havens, or secrecy jurisdictions, for so long.

Too often research economists seem not to start with the key knowledge gaps facing development practitioners, but rather search for questions they can answer with the industry’s currently favorite tools.

It is hard to measure illicit, secret things - and it doesn't help that nobody agrees exactly what a secrecy jurisdiction is. So secrecy jurisdictions have grown to dominate the world economy, almost completely beneath the radar. Now we have been reminded of another quote, this time from the French poet Charles Baudelaire, which nicely complements the Zoellick quote, and drives the point home.

La plus belle des ruses du diable est de vous persuader qu'il n'existe pas.
(The devil's finest trick is to persuade you that he doesn't exist.)

Well, the world has long known of the existence of secrecy jurisdictions; but it has failed to see what they are really about. They are not about money laundering or terrorist financing -- though those are a minor part of it -- but something much bigger. Find out more about this vast subject here.

Update: a reader of today's blog sent us this (we've tweaked it slightly for ease of reading):

"I agree 100% that this runs to the core of much of today's problem in dealing with secrecy, crime and secrecy jurisdictions. Speaking with an IMF Anti Money Laundering (AML) expert, he seemed consumed by the problem of how to measure effective AML systems. In my view it is nearly futile to do so. Discussing best practice, highlighting weaknesses - yes; but measuring it so in ways that allow comparisons... I don't believe that we will ever do so."

View the original article here

Indian tax push: stop whining Vodafone

A current tax dispute between Vodafone and India over capital gains taxes paid on offshore entities is in the news again. We have seen Vittorio Colao, Vodafone's chief executive, suggesting that Vodafone's future investments in India will depend, at least in part, on them getting their way in the tax case.

The details are a little messy and it's not clear who will win this dispute. But it is welcome that governments in developing countries are starting to flex their tax muscles, in the face of an international system that has been tilted against them for far too long. What is worth remembering is that in general terms, tax doesn't stop you from making profits - it only kicks in once there are profits. Investors will still flock to this huge market. If they have to pay something for the benefits they derive from being allowed to operate there, then that is only right and fair.

As Kevin Brown of the Financial Times rightly concludes:

"the case against Vodafone is no reason to dial down interest in India."

View the original article here

Framing tax discussions: new toolkit

An organisation called the Frameworks Institute has produced what may be something of an antidote to what it calls "uni-dimensional anti-tax messaging". It is

"a toolkit compendium of research on how Americans think about budgets and taxes, and how to increase public support for policies that support (reforms to the budgeting process and tax system. ) . . . effective communications can help engage the public in understanding budgeting and taxation, and improve support for progressive policy alternatives."

Interesting. It is framed for the United States, but doubtless has wider relevance. It is also quite involved, and we haven't yet fully digested its messages, but we will. Its main findings are presented in a separate document, entitled How to Talk About Budgets and Taxes: A FrameWorks MessageMemo.

Hat tip: Chris Jordan, ActionAid.

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New EU data: offshore is big

For data wonks, some new information has become available (hat tip: Franco) from Eurostat. Page 53 shows "offshore financial centres" taking up 18% of the EU's outward stock of foreign direct investment and about 22% of inward FDI stocks.

But take a closer look and you see that the column next to the "offshore financial centres" is Switzerland, which is, by most people's reckoning, an "offshore financial centre". Switzerland adds a further 14% and 13%, so we have a total of 32% and 35% respectively for "Eurostat-defined offshore financial centres plus Switzerland."

But the problem is still bigger. Like every study this area, this report reflects a narrow view of what an offshore financial centre is. Eurostat cites offshore financial centres as "an aggregate composed of 38 financial centres across the world, including, for example, Andorra, Liechtenstein, Guernsey, Jersey, Bermuda, the Bahamas, the Cayman Islands, Panama, Bahrain, Hong Kong or Singapore." (Click on the picture to enlarge and view this Eurostat list from 2008, which we presume is the same 38 as used in the latest report.) But according to our way of looking at the world, there are 60 such places, with more arriving all the time.

And let's not forget that Europe contains some of the world's biggest tax havens, or secrecy jurisdictions, such as the Netherlands or Ireland, which aren't included in these numbers; or that we, along with many practitioners in the field, consider the United States to be a secrecy jurisdiction. Whichever way you slice the numbers, this data underestimates the scale of the problem.

Because of the difficulties in pinning down the term exactly and reaching anything like uniform agreement, we have not laid down a hard and fast definition of such a place. (And some think that an "offshore financial centre" is different from a tax haven, but we won't go there either.)

Still, for those data fanatics out there, we thought we would point this report out. Elsewhere, there are other EU snippets, such as "SPEs account for most of Luxembourg's FDI." (SPEs, or Special Purpose Entities, of course, include so many of the toxic structures that helped cause the latest financial and economic crisis.)

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Windows 7 have given us very positive

We do Windows 7 Starter available worldwide in small notebooks. We will also allow customers of Windows 7 for beginners the ability to run as many applications at the same time as they wish, rather than being constrained to limit application 3 that included previous boot.

We believe these changes will make Windows 7 Starter an even more attractive option for customers who want a small laptop for very basic tasks like surfing the web, check email and personal productivity.

It is important to note that Windows 7 Starter still includes only a subset of the features offered on the top issues in Windows 7 as Windows 7 Home Premium, Windows 7 Professional and higher.

After using Win 7 Starter myself in my Dell Mini 9, I loved the advances offered inherently against Windows XP, but also concluded that he wanted more. I like to customize my Dell Mini 9, the way I want it (because I like to brag and be everywhere because it is very small.) They also use it for watching videos and listening to music. Because I have a portable DVD, also sometimes watch movies on my Dell Mini 9 as well. I think most consumers want a version of Windows 7 – like Home Premium – which will make your little notebook capable of all the things you could do with a “traditional” PC, like movies playing, working with documents, music to music, working with photos and even games.

As we continue to say, since we announced the editions of Windows 7 in February, all editions of Windows 7 has been optimized to run on the widest range of equipment ranging from small laptops all the way to high-end machines games. Starter Win 7 should not be considered “the SKU netbook” as most of the machines in this category can run any version of Windows 7. Many of our beta users have Windows 7 Ultimate installed on their laptops small and have given us very positive feedback from their experience.

There are, of course, will also be Windows 7 Starter Edition, but based on feedback we have received from partners and customers asking us to allow a better experience with small laptop with Windows 7 Starter, we decided to make some changes from the previous boot issues.For more information,visit http://topsoftsell.com.

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