Static Study

His work towards equality, eradication of untouchability, women empowerment has touched many generations.

Will be forever indebted to him.
He showed it doesn't matter if the society is with you or not, reform must not stop!
Tributes to the on his jayanti.

Try to educate people without making them feel dumb. It enhances their confidence & interest in learning. Try.

पुलवामा के शहीदों को शत शत नमन। 🙏

Never confuse education with intelligence.

Intelligence isn't the ability to remember and repeat, like they teach you in school.

Intelligence is the ability to learn from experience, solve problems, and use our knowledge to adapt to new situations.

—Professor Richard Feynman

Highlights of Union Budget 2021-22.

*General*
1. First digital Budget in the history of India
2. Vehicle Scrapping Policy. Vehicle Fitness Test after 20 years in case of Personal vehicle and 15 years in case of commercial vehicles
3. 64,180 crores allocated for New Health Schemes
4. 35,000 crores allocated for Covid Vaccine
5. 7 Mega Textile Investment parks will be launched in 3 years
6. 5.54 lakh crore provided for Capital Expenditure
7. 1.18 lakh crore for Ministry of Roads
8. 1.10 lakh crore allocated to Railways
9. Proposal to amend Insurance Act. Proposal to increase FDI from 49% to 74 %.
10. Deposit Insurance cover (DICGC Act 1961 to be amended). Easy and time bound access of deposits to help depositors of stress banks.
11. Proposal to revive definition of ‘Small Companies’ under Companies Act 2013. Capital less than 2 Cr. and Turnover Less than 20 Cr.
12. Disinvestment: IPO of LIC, Announced Disinvestment of Companies will be completed in FY 2021-22

*Direct and Indirect tax*
1. Senior Citizens: Reduced Compliance burden. 75 years and above. Proposal not to file ITR if only pension income and interest income.
2. Reduction in time for IT Proceedings: Reopening of Assessments period reduced from 6 years to 3 years except in cases of serious tax evasion cases
3. Proposal to constitute ‘Dispute Resolution Committee’. (Taxable income 50 lakhs and disputed income 10 lakh).
4. National Faceless Income Tax Appellate Tribunal Centre
5. Relaxations to NRI: Propose to notify rules for removing hardship for double taxation.
6. Tax Audit Limit: Proposal of tax audit increased from 5 Cr. to 10 cr. (Only for 95% digitized payments business)
7. Propose to provide relief on advance tax liability on dividend income.
8. Propose to include tax holidays for Aircraft leasing companies
9. Prefiling of returns (Salary, Tax payments, TDS etc.) Details of Capital gains from listed Securities, dividend income, etc. will be prefilled
10. Small Charitable Trusts. Increased from 1 crore to 5 crores (Compliance limit)
11. Late deposit of employee’s contribution by employer will not be allowed as deduction
12. Incentive to startup: Tax holiday exemption for one more year
13. Duties reduced on various textile, chemicals and other products
14. Gold and Silver (BCD reduced)
15. Agriculture Products: Custom duty increased on cottons, silks, alcohol etc.

Gandhi Ji 🙏

Focus on building first, growth will follow !

If you are focussed on your goal, then you won't feel the ups and downs of life that much.

If you deviate then even the smallest insignificant events will affect you mentally.

National Emergency (Article 352) -

Imposed three times so far
1962- when China attacked India
1971- when Pakistan attacked India
1975- Internal Disturbance.

State Emergency (Article 356) -

Maximum time in Manipur (10 times)
Kerla (9 times)
Punjab (8 times).

Financial Emergency (Article 360) -
It has never been imposed in India.

9⁰ Channel- between Lakshadweep and Mincoy.

8⁰ Channel- between Mincoy and Maldives.

10⁰ Channel- Andaman and Nicobar.

*International Boundaries*

1. Red Cliff Line (also called as 24⁰ Parallel Line)- Between India and Pakistan.

2. Machmohan Line (also called
as Line of Actual Control in Arunachal Pradesh) - Between India and China.

3. Zero Degree Line - India and Bangladesh.

4. Durand Line - Between India and Afghanistan (New Pak and Afghan).