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Saturday, July 26, 2014

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Direct, Indirect Tax Notes of CA IPCC for November 2014 Exams [Revised Syllabus]

Exclusive Notes of Direct and Indirect Taxation for IPCC November 2014 [amended as well as revised] [free e-book] [pdf] [also helpful to CS, CWA/CMA students]

taxation-notes-for-IPCC-November-2014The syllabus content is revised of Taxation paper of CA IPCC for November 2014 examinations. After the Income Tax, VAT, Service Tax, ICAI also put the indirect tax part in new syllabus i.e Excise Duty Custom Duty. So, with the help of some blogs and pages now I am able to upload the Important notes on Income Tax/Service Tax/Excise Duty/ Custom Duty/ Value Added Tax (VAT) in one file. In this post you can download the 100% free notes of 100 marks taxation paper of IPCC stage of Chartered Accountancy Course. These notes are exclusively amended for the November 2014 exams. All the relevant amendment are incorporate in this file. You can download the file from this linkPassword to open this file: caspot 

Download Link: Download from here
Special Thanks to CA Clues


Revised syllabus of Taxation paper for CA IPCC November 2014

(One paper – three hours –100 marks)

Level of Knowledge: Working knowledge
(a) To gain knowledge of the provisions of Income-tax law relating to the topics mentioned in the contents below; and
(b) To gain ability to solve simple problems concerning assesses with the status of ‘Individual’ covering the areas mentioned in the contents below.

  1. Important definitions in the Income-tax Act, 1961
  2. Basis of charge; rates of taxes applicable for different types of assessees
  3. Concepts of previous year and assessment year
  4. Residential status and scope of total income; Income deemed to be received / deemed to accrue or arise in India
  5. Incomes which do not form part of total income
  6. Heads of income and the provisions governing computation of income under different heads
  7. Income of other persons included in assessee’s total income
  8. Aggregation of income; set-off or carry forward and set-off of losses
  9. Deductions from gross total income
  10. Computation of total income and tax payable; rebates and reliefs
  11. Provisions concerning advance tax and tax deducted at source
  12. Provisions for filing of return of income.
To develop an understanding of the basic concepts of the different types of indirect taxes and to acquire the ability to analyse the significant provisions of service tax.
  1. Introduction to excise duty, customs duty, central sales tax and VAT – Constitutional aspects, Basic concepts relating to levy, taxable event and related provisions
  2. Significant provisions of service tax
  • Constitutional Aspects
  • Basic Concepts and General Principles
  • Charge of service tax including negative list of services
  • Point of taxation of services
  • Exemptions and Abatements
  • Valuation of taxable services
  • Invoicing for taxable services
  • Payment of service tax
  • Registration
  • Furnishing of returns
  • CENVAT Credit [Rule 1 -9 of CENVAT Credit Rules, 2004]
Note – If new legislations are enacted in place of the existing legislations the syllabus will accordingly include the corresponding provisions of such new legislations in place of the existing legislations with effect from the date to be notified by the Institute. Students shall not be examined with reference to any particular State VAT Law.

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Yogesh Gupta
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Friday, July 18, 2014

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Date Sheet of CA November 2014 Exams IPCC | Final

The Institute of Chartered Accountants of India [ICAI] announced the time table of the examination to be held in the month of November 2014 of CA IPCC and CA Final. The last date of receiving the examination form for CA IPCC & CA Final November 2014 is 30th August (Without late fee) and 4th September 2014 (With late Fees of Rs. 500).

Group-I: 8th, 10th, 12th & 14th November 2014
Group-II: 16th, 18th & 20th November 2014
(Afternoon Session: 2.00 PM to 5.00 PM) (IST)

Group -I: 7th, 9th, 11th & 13th November 2014
Group -II: 15th, 17th, 19th & 21st November 2014
(Afternoon Session: 2.00 PM to 5.00 PM) (IST)

Recommended: How to overcome from EXAMS Failure : Top 6 reasons why CA Students Fails
Suggested: Download Old question papers [May 2014 & Earlier]  Download Old CA Question papers

Similarly, Examinations in Post Qualification Courses like Management Accountancy Course (MAC) Part – I, Corporate Management Course (CMC) Part – I, Tax Management Course (TMC) Part – I, Insurance and Risk Management (IRM), and International Trade Laws and World Trade Organisation (ITL & WTO) examinations (which are open to the members of the Institute) will be held on the dates given below.

 Group-I: 15th & 17th November 2014
Group-II: 19th & 21st November 2014
(Afternoon Session: 2.00 PM to 5.00 PM) (IST)

Modules I to IV 15th, 17th, 19th & 21st November 2014
(Afternoon Session: 2.00 PM to 5.00 PM) (IST)

Group A 8th, 10th & 12th November 2014
Group B 14th, 16th & 18th November 2014
(Afternoon Session: 2.00 PM to 5.00 PM) (IST)

Fees for above Exams forms:

The fees payable for the various examinations are as under:

For Both the Groups / Unit - 9 INR 1600/-
For one of the Groups / Unit 1 to 8 INR 1000/-

For Both the Groups INR 2250/-
For one of the Groups INR 1250/-

For Both the Groups INR 400/-
For one of the Groups INR 200/-

INR 1000/-

Payment of fees for the examinations should be made by Demand Draft only. The Demand Drafts should be drawn in favour of The Secretary, The Institute of Chartered Accountants of India, payable at New Delhi only. Applications for admission to Intermediate (IPC) and Final examinations are required to be made either online at free of cost (i.e. Rs. 500/- for Intermediate (IPC) & Final candidates for the cost of application form shall not be charged if applications are filled in online) or in the relevant prescribed form, copies of which may be obtained from the Additional Secretary (Examinations), The Institute of Chartered Accountants of India, ‘ICAI BHAWAN’, Indraprastha Marg, New Delhi – 110002 on payment of INR 500/- per application form in respect of Intermediate (IPC) and Final Examination candidates. The forms shall also be made available in the Regional and Branch Offices of the Institute and can be obtained there from on cash payment on or from 12th August, 2014.

Applications together with the prescribed fee by Demand Draft may be sent so as to reach the Additional Secretary (Examinations) at New Delhi not later than 30th August, 2014. However, applications will also be received at Delhi Office after 30th August, 2014 and upto 4th September, 2014 with late fee of INR 500/-. Applications for the students’ examinations only duly filled in will also be received by hand delivery at the office of Institute at New Delhi and at the Decentralised Offices of the Institute at Mumbai, Chennai, Kolkata, Kanpur, Delhi, Ahmedabad, Bangalore, Ernakulam, Hyderabad, Indore, Jaipur, Nagpur, Pune, Surat, Thane and Vadodara upto 4th September, 2014.

Applications received after 4th September, 2014 shall not be entertained under any circumstances.


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Tuesday, July 15, 2014

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Actual Date of result for CA May 2014 Attempt

CPT, IPCC and CA Final May 2014 “declared/actual” exam result date.
Result may be delayed for May 2014 exam: As the exams were held late by 25 days due to elections, results will be delayed by 10 – 15 days.
  1. CA Final Results of the May 2014 exams are likely to be declared on 8th of August 2014 at around 4.00 PM.. [Official date declared by ICAI].
  2. CPT June 2014 exam results are likely to be declared in the third week of July i.e. around 16th July, 2014.
  3. IPCC Result for May 2014 exam is likely to be declared in the third week of August i.e. around 18th August, 2014 at around 4.00 PM.

Arrangements have also been made for the candidates desirous of having results on their e-mail addresses to pre-register their requests at the above website, i.e. from 16th August.

All those registering their requests will be provided their IPCC Result through e-mail on the e-mail addresses registered as above immediately after the declaration of the IPCC result.

P.S: All the above dates are expected dates and there is no official announcement from ICAI w.r.t. the result date. It is advisable to wait for the official announcement regarding exact date of result for May 2014 examination.

All the best for your exam result
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Thursday, July 10, 2014

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Highlights of Union Budget of India 2014-15

Indian Union Budget is presented by the Finance Minister of India every year in the month of February. Due to the change of Government, P. Chidambaram presented the interim budget in February 2014. Now, the time is 10:55 AM, Shri Arun Jaitley is ready to present his maiden Union Budget 2014. You may check the Railway Budget 2014 which is presented by the Railway Minister Sadanand Gowda by clicking Here


We will update you here, when Mr. Jaitley delivered his speech in parliament. Be with us.

Download: All the updates in a single pdf file: Click Here  (password to open this file: caspot)

  1. Indian Custom Single Window Project to be taken up for facilitating trade.
  2. Clean energy cess increased from Rs 50/ tonne to Rs 100/tonne.
  3. Additional 5% excise tax to be levied on aerated drinks with added sugar (cold drinks). Tobacco products also to get costly as excise duty hiked to 72%
  4. Government announces reduction in excise duty for specified food package industry from 10% to 6%.
  5. Excise duty on footwear reduced from 12% to 6%
  6. Basic custom duty on LED panel below 19 inch made nil.
  7. Government announces measures to encourage manufacture of LCD/LED panels of TVs.
  8. Housing loan rebate to raised from Rs 1.5 lakh to Rs 2 lakh.
  9. Net effect of direct tax proposals is revenue loss of Rs 22,200 crore.
  10. Government proposes to increase investment limit under Section 80C from Rs 1 lakh to Rs 1.5 lakh.
  11. Tax exemption limit for small and marginal, and senior tax payers changed from Rs 2.0 to Rs 2.5 lakh. For senior citizens, no tax for income up to Rs 3 lakh per annum.
  12. No changes in tax rate.
  13. PPF limit to be raised to Rs 1.5 lakh: Jaitley
  14. Rs 100 crore for training of sportspersons for upcoming Asian Games.
  15. Government announces Rs 150 crore for communication needs of Andaman and Nicobar islands.
  16. Government announces Arun Prabha channel for northeastern region; will be 24/7 channel.
  17. Rs 1000 crore provided for rail connectivity in northeastern region.
  18. Programme for displaced Kashmiri migrants with Rs 500 crore to be started.
  19. Rs 100 crore set aside for project to link rivers.
  20. Government announces Rs 100 crore for development of Archaeological sites. Gaya to be developed as world class tourism spot.
  21. Rs 5000 crore set aside for defence outlay over and above amount provided under interim budget.
  22. National Police Memorial to be set up. Rs 50 crore set aside for this purpose.
  23. Rs 100 crore set aside for development of Technology Development Fund.
  24. Rs 100 crore War Memorial at Princess Park, India Gate.
  25. Policy of One Rank One Pension to be adopted for defence personnel.
  26. RBI will create framework for licenses of small banks.
  27. Government aims to provide all households with banking facilities to empower the weaker sections; there should be atleast 2 bank a/cs in each household.
  28. Urgent need to converge current Indian standard with international accounting standards: Jaitley
  29. Rs 37, 800 crore allotted for National Highways.
  30. Revision of rate of royalty on minerals to be taken up on request from the states.
  31. In order to complete gas grid, 15000 km of additional pipeline to be developed through PPP mode.
  32. New and renewable energy deserves high priority; ultra modern power projects to be taken up in Rajasthan, Tamil Nadu, Ladakh with Rs 500 crore.
  33. Rs 4200 crore set aside for Jal Marg Vikas project on river Ganga connecting Allahabad to Haldia , over 1620 km.
  34. Scheme for development of new airports at tier II and III cities through PPP mode.
  35. Rs 200 crore set aside for 6 more textile clusters in Rae Bareily, Lucknow, Surat, Bhagalpur. Rs 50 crore set aside for Pashmina Production program in J&K.
  36. MSMEs are the backbone of the economy; to be revived through a Committee to examine and report in three months.
  37. 6 more textile clusters to be set up.
  38. Industrial Smart Cities to come up at 7 cities.
  39. All govt departments and ministries to be integrated through E-platform by 31 December this year.
  40. Rs 100 crore set aside for Kisan Television to provide real time information on various farming and agriculture issues.
  41. National Industrial Corridor to be set up. Rs 1000 crore set aside for this.
  42. Rs 5000 crore short time rural credit refinance fund for 2014-15.
  43. Rs 50 core set aside for indigenous cattle breed and blue revolution for inland fisheries.
  44. Propose to provide finance to 5 lakh landless farmers through NABARD.
  45. Govt will initiate scheme to provide a soil health card; Rs 100 crore set aside. Rs 56 crore for soil testing labs across the country.
  46. Agriculture University in Andhra Pradesh and Rajasthan, and Horticulture University in Haryana, Telangana; Rs. 200 cr set aside by the government.
  47. Slum development to be included in Corporate Social Responsibility activities.
  48. Govt announces Rs 100 crore for modernization of madrassas.
  49. Govt announces development of Metro rails in PPP mode; Rs 100 crore set aside for metro scheme in Ahmedabad and Lucknow.
  50. Rs 100 crore set aside for Community Radio Centres; 600 new and existing ones will be supported.
  51. National Rural Internet and Technology Mission; Rs 500 crore set aside.
  52. Govt proposes to set up Center of Excellence in MP named after Lok Nayak Jai Prakash Narayan.
  53. 5 more IITs and 5 IIMs to be set up .
  54. Propose to set up four more AIIMS; Rs. 500 crore set aside for this. Six new AIIMS started recently have become functional. Four new AIIMS will be set up in Andhra Pradesh, West Bengal, Vidarbha and Purvanchal.
  55. Govt proposes National Housing Banking programme; sets aside Rs 8000 crore for this program.
  56. Pradhan Mantri Gram Sadak Yojana has a massive impact on rural development; Govt sets aside Rs 14,389 crore for this scheme.
  57. Crisis Management Center for women at Delhi; money to be provided from Nirbhaya fund.
  58. Govt announces Beti Padhao, Beti Badhao Yojana; sets aside Rs 100 crore for this.
  59. Safety of women of prime importance.
  60. EPFO will launch a unified account scheme for portability of Provident Fund accounts.
  61. Schemes for disabled persons in the country. 15 new Brail presses to be established and revival of 10 existing.
  62. Rs 50,548 crore proposed for Schedule Caste development.
  63. Govt committed to providing 24/7 power supply to all homes. Deen Dayal Upadhyay Gram Jyoti Yojna for electricity supply to rural areas.
  64. Rs 200 crore for 'Statue of Unity' of Sardar Vallabh Patel.
  65. Pradhan Mantri Krishi Sichayin Yojana to be started for irrigation.
  66. We will examine proposal to give additional autonomy to banks and make them more responsible: Jaitley
  67. E-visas to be introduced at nine airports in India in phased manner.
  68. FDI in insurance to be increased to 49%
  69. FM announces FDI in defence up from 26 to 49 % with Indian management and control
  70. Transfer pricing is major area for litigation; proposes changes in transfer pricing regulation: Jaitley
  71. I propose to strengthen authority for advance ruling in tax: Jaitley
  72. Aim to achieve 7-8 per cent economic growth rate in next 3-4 years.
  73. We wish to provide an investment friendly taxation system: Jaitley
  74. This govt will not ordinarily change policies retrospectively which creates a fresh liability.
  75. GST will streamline tax administration and result in higher tax collection for center and states.
  76. A new urea policy would be formulated.
  77. Considering that we had two years of low GDP growth, a large subsidy burden, target of 4.1% fiscal burden is daunting: Jaitley
  78. We must address the problem of black money: Jaitley
  79. Iraq crisis leading behind an impact. Inflation has remained at elevated level: Jaitley
  80. We have taken up the challenge in the right ernest; will create a vibrant and strong India: Jaitley.
  81. The task before me is very challenging. We need to introduce fiscal prudence. there is an urgent need for more reforms.
  82. The steps I will announce are only the beginning of the journey we wish to take for macroeconomic stabilization: Jaitley
  83. People below poverty line anxious to free themselves: Jaitley
  84. Green shoots of recovery seen in world economy.
  85. We look forward to lower inflation: Jaitley
Others Are:
  • To Meet 4.1% Fiscal Deficit Target.
  • To Overhaul Subsidy Regime, Especially Food & Fuel.
  • To Formulate New Urea Policy.
  • Govt will constitute an Expenditure Management Commission.
  • Hope We Can Bring A Solution To GST Issue This Year.
  • Committed to providing a stable, investor-friendly tax regime.
  • Will Not Change Rules On Retrospective Taxation.
  • This govt will not create any law which will retrospectively lead to tax liability.
  • FDI in defence raised to 49%.
  • Insurance FDI raised to 49%.
  • Need to infuse Rs2.4Lcr in PSU banks by 2018.
  • To Sell Shares In Banks To Retail Investors.
  • Pass-through Status For REITs.
  • To raise FDI insurance to 49% | Need over Rs 2 lakh crore to fund PSU banks.
  • Will Examine Proposal To Give Addl Autonomy To Banks.
  • PSUs Plan Rs.2.47 Lk Cr Capex In FY15.
  • E-commerce sales in retail allowed without additional approval.
  • To Give Rs.7,060 Cr To Develop 100 Smart Cities.
  • Allocate Rs.1,000 Cr For PM Irrigation Scheme.
  • Plan Kisan Vikas Patra For Banked, Unbanked Population.
  • To Allocate Rs.500 Cr For New Rural Power Plan.
  • Allocate Rs.50,500 Cr For Scheduled Caste, Tribe Schemes.
  • Extend Senior Citizens' Pension Plan Till August 2015.
  • To Allocate Rs.500 Cr For New Rural Power Plan.
  • To Give Rs.14,389 Cr For Rural Roads Development.
  • Rs 150 crore to be spent on safety of women in all cities.
  • Rs 500 crore allocated for 4 new AIIMs.
  • Rs 6500 crore allocated for safe drinking water.
  • Infra Invst Trusts To Be Set Up To Securitise Infra Projs.
  • FM Arun Jaitley proposes to set up 5 new IIMs and 5 new IITs.
  • Allocating 500 cr for 4 new AIIMS units; to create AIIMS in all States.
  • FM Arun Jaitley proposes National Rural Internet and Technology Mission; Rs. 500 crores allocated.
  • To spend Rs 28635 cr for Sarva Siksha Abhyaan.
  • To Allocate Rs.100 Cr For Metro Projs For Lucknow & Ahmedabad.
  • Rs.4,000 Cr For Affordable Housing Via NHB.
  • Rs4000 crores for National Housing Bank for low-cost housing.
  • To Allocate Rs.12,000 Cr To NHB.
  • Plan Rs.50,000 Cr For Municipal Debt Management For Infra.
  • Rs. 100 cr for modernisation of madrasas.
  • Plan Rs.50,000 Cr For Municipal Debt Management For Infra.
  • Allocate Rs.100 Cr For Agri Infra Fund.
  • Proposes 50000 cr for urban infra projects; proposes Metro projects in cities with 20 lk people.
  • Allocating 100 cr to set up Agri Infra Fund. Allocating 200 cr to set up Agri Univs in Haryana, states.
  • See FY15 Agricultural Growth At 4%.
  • Propose To Continue Interest Subvention For Farmers.
  • To Set Aside Rs.8 Lk Cr For Farm Credit In FY15.
  • Plan To Finance 5 Lk Landless Farmers.
  • To set up a long term rural credit fund within NABARD.
  • Committed to introduce 2nd Green Revolution; Proposes Rs 500 cr farm price stabilisation fund.
  • To Undertake Open Mkt Sales Of Foodgrains When Required.
  • Restructuring Food Corp Of India To Be A Priority.
  • Kisan television will be launched to give real time information on advanced agriculture system.
  • Allocate Rs5,000 Cr For Farm Warehousing Plan.
  • Propose Rs.10,000 Cr Fund For Start-up Firms.
  • Propose Rs.200 Cr To Set Up 6 More Textile Clusters.
  • 16 new ports to be developed.
  • Propose Rs.11,635 Cr For Harbour Projects This FY.
  • To set up textile mega clusters in Varanasi & 5 other cities. Textile mega clusters to cost 200 cr.
  • Propose Rs.37,850 Cr Investment In NHAI & State Roads This FY.
  • Propose Scheme For Dvpt Of Airports In Tier-I, II Cities.
  • Propose Work On Expressways Parallel To Indl Corridors.
  • Adequate Coal To Be Given To Existing Power Plants.
  • NHAI To Target 8,000 km Of Road Development In FY15.
  • Propose Rs.500 Cr For Ultra Modern Solar Power Projects in Rajasthan,Tamil Nadu, Ladakh.
  • Rs.100Cr For Preparatory Work Of Clean Thermal Energy Scheme.
  • Require additional 15,000 km of gas pipelines. To set up additional pipelines amounting to 15,000 km.
  • To Introduce Single Demat A/c For All Fin Transactions.
  • New Indian Accounting Standard For Financial Sector From FY17.
  • To Let Bks Raise Long-term Funds W/Minimum Regulations.
  • To change tax laws governing FIIs, whose managers based abroad. Proposes extending 5% withholding tax to all bonds.
  • Allocate Rs.2.29 Lk Cr For Defence Sector.
  • To Enhance PPF Contribution To Rs.1.5 Lk.
  • To Allocate Rs.3,000 Cr For State Police Modernisation.
  • Rs.990 Cr For Socio-economic Dvpt Of Villages Along Border.
  • Rs 1000 crore allocated for One Rank One Pension plan.
  • Rs 2000 crore allocated for Ganga Namami yojana, Rs 100 crore set for ghat development.
  • Rs 1000 crore allocated for rail connectivity in Northeast region.
  • Non-plan Expenditure At Rs.12.2 Lk Cr.
  • Plan Expenditure At Rs.5.75 Lk Cr For FY15.
  • Total Expenditure At Rs.17.9 Lk Cr In FY15.
  • Revenue deficit to be 2.9% in fy15.
  • No changes in tax rates.
  • To Up Personal Income Tax Exemption To Rs.2.5 Lk.
  • Tax Exemption Increased To Rs.3 Lk For Senior Citizens.
  • 80c Exemption Limit Increased To Rs.1.5 Lk
  • Exemption For Self-Occupied Homes Raised To Rs.2 Lk.
  • Education Cess To Continue At 3%.
  • Invst Allowance Of 15% On Invst Of >Rs.25 Cr In Mfg.
  • Propose To Extend 10-Yr Tax Holiday For Power.
  • Budget Assumes Tax Revenue Growth Of 19.7% Vs 21% Voa.
  • Propose To Retain 15% Tax Rate On Intl Dividend Income.
  • To Hike Tax Rate To 20% For Transfer Of Mf Units.
  • 10% Customs Duty On Some Telecom Products.
  • To Cut Customs Duty On Lcd, Led Panels Sub-19 Inch To Nil.
  • Hikes Customs Duty On Flat Steel Products To 7.5% From 5%.
  • To Cut Excise Duty On Food Processing To 6%.
  • To Reduce Excise Duty On Footwear.
  • To Hike Excise Duty On Cigarettes By 11-72%
  • Hikes Excise Duty On Gutka To 70% From 60%

Category Wise:

FISCAL DEFICIT- Accepts fiscal deficit target of 4.1 per cent of GDP for 2014/15
- Fiscal deficit seen at 3.6 per cent of GDP in 2015/16
- Finance Minister says: "We cannot spend beyond our means"
- Tax-to-GDP ratio must be raised

- Aims for sustained growth of 7-8 per cent in the next 3-4 years
- Finance minister says he is bound to usher in policies for higher growth, lower inflation

- Aims to approve goods and services tax by end of this year
- Will not change rules on retrospective taxation
- All pending cases of retrospective tax for indrect transfers to be examined by a high-level committee before action is taken
- Proposes changes in transfer pricing mechanism

- Raises limit on foreign direct investment in defence sector from 26 per cent to 49 per cent; raises FDI limit in insurance sector to 49 per cent
- Earmarks 70.6 billion rupees to create 100 "smart cities"
- Will provide the necessary tax changes to introduce real estate investment trusts and infrastructure investment trusts
- Proposes 40 billion rupees for affordable housing through national housing bank and extends tax incentives for housing loans

- Plans to make food and petroleum subsidies more targeted
- Rural job-guarantee scheme, which provides 100 days of paid employment a year, will become more focused on asset creation
- Proposes 80 billion rupees for rural housing scheme

- "Slow decision making has resulted in a loss of opportunity" 

Source: Various Websites
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Tuesday, July 08, 2014

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List of New Trains and Highlights of Railway Budget 2014

Indian Railway Minister Sadanand Gowda present his maiden railway budget in parliament. No Price hikes in rail fares. For our prestige readers now we are compiling all the highlights of this budget and also List of New trains declared in Railway Budget 2014 (check below). You can check also compilation of highlights of General Budget 2014, here.  Now it is a speech which he delivered into parliament.


Highlights of Railway Budget 2014

  • Honesty is the first chapter in the book of wisdom and I am grateful to PM Modi ji for having reposed his faith in me, says Sadananda Gowda
  • Though I am a month old in the ministry, I am flooded with request for new trains, better services, new lines
  • Indian Railways is the soul of the economy and our target is to become largest freight carrier in the world
  • Indian railways carry only 31% of the total freight in the country. It is a challenge we have to face, says Rail Minister
  • We need to balance social and commercial obligations and we ill start work on high speed network
  • There had been focus on sanctioning projects rather than completing them
  • There are 4 projects that are over 30 years old but have still not been completed
  • Managing the Railways takes most of our resources. We spend 94% of our earnings, are left with just 6 per cent
  • The medicine may act bitter in the beginning but will be a nectar in the end: Gowda
  • Need Rs 50,000 cr every year for the next ten years for Railways
  • Ministry of Railways is seeking cabinet approval for FDI in Railways, except Railway operations
  • The fare revision was tough but necessary decision, it will bring Indian Railways an additional revenue of Rs 8000 crore
  • Can get claps from this house by announcing new projects but that would be rendering injustice to the struggling organization
  • Gross traffic receipts in 2013-14 was Rs 12,35,558 crore; operating ratio was 94 per cent
  • Ministry of Railways is seeking cabinet approval for FDI in Railways, except Railway operations
  • Need PPP Route to finance bulk of projects including high speed rail
  • Need to have private-public partnership to improve condition of railways
  • Through PPP route want to provide foot-over bridges, escalators and lifts across all stations
  • Populist projects and mismanagement have brought Railways to point of funds crunch, says Rail Minister
  • Indian Railways spent Rs 41,000 crore on laying of 3,700 km of new lines in last 10 years
  • Surplus revenues declining. Hardly any resources for development work
  • I propose to introduce pre cooked and ready to eat meals of reputed brands and want battery operated cars for senior citizens at railway stations: Gowda
  • Propose to hike budgetary plan outlay to Rs.47,650 crore
  • High priority areas - safety, cleanliness, passenger amenities and capacity augmentationr
  • Large part of the budget outlay to go to safety projects
  • Will introduce RO drinking water in trains and on stations
  • Propose to outsource cleaning responsibility on 50 stations to specialist cleaning agencies
  • CCTVs at stations will be used to monitor cleaning activities
  • Severe action to be taken against vendors delivering unhygienic food, including cancellation of contracts
  • Bio-toilets in trains to be increased to mitigate direct discharge of human waste on tracks and platform
  • Severe action to be taken against vendors delivering unhygienic food, including cancellation of contracts
  • Bio-toilets in trains to be increased to mitigate direct discharge of human waste on tracks and platform
  • Ticket bookings through post offices and mobile phones will be popularized, also coin operated ticket machines
  • Contemplating setting up of a railway university, both technical and non-technical courses
  • I propose Bullet trains, Mumbai-Ahmedabad sector has been identified
  • Efforts will be made to increase speed of trains to 160-200, on select sectors
  • I propose retiring rooms on all stations: Sadananda Gowda
  • Indian Railways to set up food courts at major railway stations
  • Railways to scale down market borrowings to Rs 11,790 crore
  • Allocated Rs 100 crore For High- Speed Rail Network
  • To Have Diamond Quadrilateral Network for High-speed Trains
  • 17,000 Railway Protection Force personnel to be available soon
  • Introduction of women RPF constables, coaches meant for women to be escorted for greater safety
  • To allot Rs 1,780 Crore to eliminate unmanned level crossings
  • To have Digital Reservation Charts at stations
  • Will provide summer internships to undergraduate students from engineering background
  • E-procurement will be made compulsory for purchase of 25 lakh and more
  • Recent fare and tariff hike to mop additional revenue of about Rs 8,000 crore, says Rail Minister
  • Resource mobilisation through leveraging PSU resources, FDI and Public Private Participation
  • Solar energy to be harnessed through PPP by utilizing rooftop spaces of stations and railway buildings
  • Hospital Management Information System to integrate all railway health units and hospitals
  • Ladies' coaches to be escorted by women RPF constables; additional care for ladies travelling alone
  • 29 rail projects in Andhra Pradesh and Telangana with Rs. 20,680 crores will be completed
  • Bangalore to get suburban rails
The rail finance bill is traditionally regarded by economists as setting the stage for the national budget, due Thursday, in which the government will lay out its economic reform plans.
Prime Minister Modi last week said in a speech he hopes for more private sector money in modernising the railways, still the main form of long-distance travel for most of India's population of 1.2 billion people.

"We want the railway stations to have better facilities than airports. This is our dream," said Mr Modi, whose government is expected to announce more public-private partnerships in railway infrastructure.
"You will see a change in near future," he said, adding that "private parties would also be ready to invest because this is a good project economically and will benefit everyone".
Modi's Bharatiya Janata Party (BJP), which took office in May after scoring a landslide election win, has also said it favours a greater role for private business in building other infrastructure such as roads and ports.

But the BJP has said modernisation of the decrepit and over-burdened train network tops its ambitious agenda for infrastructure-building in India. Dilapidated transportation has held back growth of Asia's third-largest economy, analysts say.
To help fund new wagon purchases, modernise track, revamp lines and improve safety, the government hiked passenger fares by 14.2 per cent and freight rates by 6.5 per cent - the steepest rise in 15 years and a politically controversial move.

A public outcry saw the government later partially climb down over city commuter fare hikes, underscoring the difficulty in reducing subsidies in a tough economic environment where hundreds of millions of people live in dire poverty.

The economy is growing by just under 5 per cent annually, far below the near double-digit pace of a few years ago.
Finance Minister Arun Jaitley underlined Monday in parliament the government's determination to go ahead with difficult belt-tightening decisions, saying "for any public utility to run, the users must pay".
The government has also suggested it may open up the railway to foreign investors, and analysts will be looking for any suggestion of such a move in the rail budget as a sign of desire to welcome more outside investment.

Analysts say as much as $500 billion (Rs. 30 lakh crore at 1 dollar = 60 rupees) must be invested over the next decade to overhaul the Victorian-era network.

In the national budget, Mr Jaitley is expected to press forward with fuel price rises as part of efforts to curb subsidies.
India's subsidies on energy, food and fertiliser total some Rs. 2.6 lakh crore ($43 billion) annually.

Source: Various Websites

List of new trains in Railway Budget 2014

Railways proposes to introduce 58 new trans which includes Five Jansadharan Trains, five Premium Trains, six AC Express Trains, 27 Express Trains, eight Passenger Trains, two MEMU services and five DEMU services this year. Announcing this in Parliament today while presenting the rail budget, the Minister of Railways Shri D. V. Sadananda Gowda also proposed to extend the run of 11 existing trains.
Shri Gowda said these services would be meeting the demand surges which manifest themselves on special occasions. He said that special trains would continue to run to meet the holiday and festival rush including services for Melmaruvathur, Velankanni, Jhalawar etc.


Jansadharan Trains
  1. Ahmedabad–Darbhanga Jansadharan Express via Surat
  2. Ii Jaynagar–Mumbai Jansadharan Express
  3. Mumbai–Gorakhpur Jansadharan Express
  4. Saharasa–Anand Vihar Jansadharan Express via Motihari
  5. Saharasa–Amritsar Jansadharan Express

Premium Trains
  1. Mumbai Central–New Delhi Premium AC Express
  2. Shalimar–Chennai Premium AC Express
  3. Secunderabad- Hazrat Nizamuddin Premium AC Express
  4. Jaipur–Madurai Premium Express
  5. Kamakhya–Bengaluru Premium Express

AC Express Trains
  1. Vijayawada New Delhi AP Express (Daily)
  2. LokmanyaTilak(T)–Lucknow(Weekly)
  3. Nagpur–Pune(Weekly)
  4. Nagpur–Amritsar(Weekly)
  5. Naharlagun–NewDelhi(Weekly)
  6. Nizamuddin–Pune(Weekly)

Express Trains
  1. Ahmedabad–Patna Express(Weekly)via Varanasi
  2. Ahmedabad Chennai Express(Biweekly)via Vasai Road
  3. Bengaluru –Mangalore Express(Daily)
  4. Bengaluru –Shimoga Express(Biweekly)
  5. Bandra(T)–Jaipur Express(Weekly)Via Nagda,Kota
  6. Bidar–Mumbai Express(Weekly)
  7. Chhapra–Lucknow Express (Tri weekly)viaBallia,Ghazipur,Varanasi
  8. Ferozpur–Chandigarh Express(6 days a week)
  9. Guwahati–Naharlagun Intercity Express(Daily)
  10. Guwahati–Murkongselek Intercity Express(Daily)
  11. Gorakhpur–Anand Vihar Express(Weekly)
  12. Hapa–Bilaspur Express(Weekly)via Nagpur
  13. Hazur Saheb Nanded–Bikaner Express(Weekly)
  14. Indore–Jammu Tawi Express(Weekly)
  15. Kamakhya–Katra Express(Weekly)via Darbhanga
  16. Kanpur–Jammu Tawi Express(Biweekly)
  17. Lokmanya Tilak(T)–Azamgarh Express(Weekly)
  18. Mumbai_Kazipeth Express(Weekly)via Balharshah
  19. Mumbai–Palitana Express(Weekly)
  20. New Delhi Bhatinda Shatabdi Express(Biweekly)
  21. New Delhi–Varanasi Express(Daily)
  22. Paradeep–Howrah Express(Weekly)
  23. Paradeep–Visakhapatnam Express(Weekly)
  24. Rajkot–Rewa Express(Weekly)
  25. Ramnagar–Agra Express(Weekly)
  26. Tatanagar Baiyyappanahali (Bengaluru) Express(Weekly)
  27. Visakhapatnam–Chennai Express(Weekly)

Passenger Trains
  1. Bikaner–Rewari Passenger(Daily)
  2. Dharwad–Dandeli Passenger(Daily)via Alnavar
  3. Gorakhpur–Nautanwa Passenger(Daily)
  4. Guwahati–Mendipathar Passenger(Daily)
  5. Hatia–Rourkela Passenger
  6. Byndoor–Kasaragod Passenger(Daily)
  7. Rangapara North–Rangiya Passenger(Daily)
  8. Yesvantpur–Tumkur Passenger(Daily)

MEMU services
  1. Bengaluru –Ramanagaram 6 days a week(3Pairs)
  2. Palwal–Delhi–Aligarh

DEMU services
  1. Bengaluru –Neelmangala (Daily)
  2. Chhapra–Manduadih (6days a week)via Ballia
  3. Baramula–Banihal (Daily)
  4. Sambalpur–Rourkela (6 days a week)
  5. Yesvantpur Hosur (6 days a week)

  1. 22409/22410 Anand Vihar Sasaram Garib Rath Express to Gaya
  2. 12455/12456 Delhi Sarai Rohilla Sriganganagar Express to Bikaner
  3. 15231/15232 Gondia Muzaffarpur Express to Barauni
  4. 12001/12002 New Delhi Bhopal Shatabdi Express to Habibganj
  5. 54602 Ludhiana–Hissar Passenger to Sadulpur
  6. 55007/55008 Sonpur–Kaptanganj Passenger to Gorakhpur
  7. 55072/55073 Gorakhpur–Thawe Passenger toSiwan
  8. 63237/63238Buxar–Mughalsarai MEMU toVaranasi
  9. 63208/63211Jhajha–PatnaMEMUtoJasidih
  10. 64221/64222LucknowHardoi MEMU to Shahjahan pur
  11. 68002/68007Howrah–Belda MEMU to Jaleswar

Further, following are the trains, which is announced in interim budget of 2014-15 which is presented bu UPA government in February 2014. 73 new trains are being introduced which includes 17 Premium trains, 39 Express trains, 10 Passenger trains, 4 MEMU and 3 DEMU in this year’s Interim Railway Budget. Three trains will be extended and frequency of same number of trains will be increased.

Premium Trains:
    1. Howrah – Pune AC Express (Bi-weekly) via Nagpur, Manmad
    2. Kamakhya – New Delhi AC Express (Weekly) via Chhapra, Varanasi
    3. Kamakhya – Chennai AC Express (Weekly) via Malda, Howrah
    4. Mumbai – Howrah AC Express (Bi-weekly) via Nagpur, Raipur
    5. Mumbai – Patna AC Express (Bi-weekly) via Khandwa, Itarsi, Manikpur
    6. Nizamuddin – Madgaon AC Express (Bi-weekly) via Kota, Vasai Road
    7. Sealdah –Jodhpur AC Express (Bi-weekly) via Mughalsarai
    8. Yesvantpur - Jaipur AC Express (Weekly) via Gulbarga, Pune, Vasai Road
    9. Ahmedabad – Delhi Sarai Rohilla Express (Tri-weekly) via Palanpur, Ajmer, Rewari
    10. Bandra – Amritsar Express (Weekly) Via Kota, New Delhi, Ambala
    11. Bandra (T) – Katra Express (Weekly) via Kota, New Delhi, Ambala
    12. Gorakhpur – New Delhi Express (Bi-weekly) via Lucknow, Moradabad
    13. Katra – Howrah Express (Weekly) Express via Mughalsarai, Varanasi, Saharanpur
    14. Mumbai – Gorakhpur Express ( Bi-weekly) via Khandwa, Jhansi, Kanpur
    15. Patna– Bangalore Express (Weekly) via Mughalsarai, Chheoki, Manikpur, Nagpur
    16. Yesvantpur – Katra Express (Weekly) via Gulbarga, Kacheguda, Nagpur, New Delhi
    17. Thiruvananthpuram – Bangalore (Yesvantpur) Express (Bi- weekly) via Erode, Tirupattur
Express Trains :
  1. Ahmedabad – Katra Express (Weekly) via Palanpur, Jaipur, Rewari, Hisar, Bathinda, Amritsar
  2. Ahmedabad – Lucknow Jn Express (Weekly) via Palanpur, Jaipur, Bandikui, Mathura, Kasganj
  3. Ahmedabad – Allahabad Express (Weekly) via Jalgaon, Khandwa, Itarsi, Satna, Manikpur
  4. Amritsar – Gorakhpur Express (Weekly) via Saharanpur, Moradabad, Sitapur Cantt.
  5. Aurangabad – Renigunta Express (Weekly) via Parbhani, Bidar, Vikarabad
  6. Bangalore – Chennai Express (Daily) via Bangarpet, Jolarpettai
  7. Bandra (T) – Lucknow Jn Express (Weekly) via Kota, Mathura, Kasganj
  8. Bareilly – Bhopal Express (Weekly) via Chandausi, Aligarh, Tundla, Agra
  9. Bhavnagar – Bandra Express (Weekly) via Ahmedabad
  10. Bhavnagar- Delhi Sarai Rohilla Link Express (Weekly)
  11. Gandhidham – Puri Express (Weekly)
  12. Gorakhpur – Pune Express (Weekly) via Lucknow, Kanpur, Bina, Manmad
  13. Guntur-Kacheguda Double Decker Express (Bi-weekly);
  14. Howrah – Yeswantpur AC Express (Weekly)via Bhubaneswar, Gudur, Katpadi
  15. Hubli – Mumbai Express (weekly) via Bijapur, Sholapur
  16. Hyderabad – Gulbarga Intercity (Daily)
  17. Jaipur – Chandigarh Intercity (Daily) via Jhajjar;
  18. Kacheguda – Tirupati Double Decker Express (Bi Weekly);
  19. Kota – Jammu Tawi Express (Weekly) via New Delhi, Ambala
  20. Kanpur – Bandra (T) Express (Weekly) via Kasganj, Mathura, Kota
  21. Lucknow – Kathgodam Express (Tri-weekly)
  22. Manduadih – Jabalpur Express (Weekly) via Allahabad, Manikpur, Satna
  23. Malda Town – Anand Vihar Express (Weekly) via Amethi & Rae Bareli;
  24. Mannargudi – Jodhpur Express (Weekly) via, Jaipur
  25. Mumbai – Chennai Express (Weekly) via Pune, Gulbarga, Wadi
  26. Mumbai – Gorakhpur Express (Weekly) via Gonda, Balrampur, Barhani (after gauge conversion);
  27. Mumbai – Karmali AC Express (Weekly) via Roha
  28. Nanded – Aurangabad Express (Weekly) via Purna, Parbhani
  29. Nagpur – Rewa Express (Weekly) via Satna
  30. Nagercoil – Kacheguda Express (Weekly) via Karur, Namakkal, Salem
  31. Pune – Lucknow Express (Weekly) via Khandwa, Bhopal, Bina, Jhansi, Kanpur
  32. Ramnagar – Chandigarh Express (Weekly) via Moradabad, Saharanpur
  33. Ranchi – New Jalpaiguri Express (Weekly) via Jhajha, Katihar
  34. Secunderabad – Visakhapatnam AC Express (Weekly) via Kazipeth, Vijaywada
  35. Santragachi – Anandvihar Express (Weekly)
  36. Srigangnagar – Jammu Tawi Express (Weekly) via Abohar, Bathinda, Dhuri
  37. Thiruvananathapuram-Nizamuddin Express (Bi-weekly) one day via Kottayam and one day via Allepey
  38. Varanasi – Mysore Express (Bi-weekly) via Wadi, Daund
  39. Balurghat – Howrah (Bi-Weekly)
Passenger trains :
  1. Bina – Katni Passenger (Daily)
  2. Dekargaon – Naharlagun Passenger (Daily) after completion of new line
  3. Gunupur - Visakhapatnam Passenger (Daily)
  4. Hubli - Belgaum Fast Passenger (Daily)
  5. Jaipur – Phulera Passenger (Daily)
  6. Mannargudi – Mayiladuthurai Passenger (Daily)
  7. Punalur – Kanniyakumari Passenger (Daily) via Kollam, Thiruvananthapuram
  8. Sambalpur – Bhawanipatna Passenger (Daily)
  9. Tatanagar – Chakulia Passenger (Daily)
  10. Tiruchendur – Tirunelveli Passenger (Daily)
MEMU Trains :
  1. Anand – Dakor (Daily 2 services)
  2. Anuppur-Ambikapur (6 days a week)
  3. Delhi – Rohtak Passenger (Daily 2 services)
  4. Santragachi – Jhargram (5 days a week)
DEMU Trains :
  1. Morbi – Maliya Miyana
  2. Ratlam – Fatehabad Chandrawati Ganj (Daily) after gauge conversion
  3. Rewari – Rohtak (Daily)
Extension of Trains
  1. 14705/14706 Delhi Sarai Rohilla – Sujangarh Express to Jodhpur
  2. 15281/15282 Patna – Saharsa Express to Murliganj
  3. 15013 / 15014 Kathgodam – Bhagat Ki Kothi Ranikhet Express to Jaisalmer
Increase in Frequency:
  1. 16571/16572 Bidar – Yesvantpur Express 3 days to daily
  2. 17225/17226 Hubli – Vijayawada Express from 3 days to daily
  3. 17319/17320 Hubli – Secunderabad Express from 3 days to daily
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Friday, June 27, 2014

// // 1 comment

Top 6 Reasons why students fails in CA/CS/CWA exams

Friends, now, I'm coming with the new article on "FAILURE OF CA/ CS/ CWA STUDENTS IN THEIR EXAMS", its little bit annoyed topic, but almost all CA Students have to face this :( [exception excluded].  This is the main reason our CA/ CS/ CWA Course is on the top in the country in commerce fields. Today, I'm compiling one article "the top reasons why students fails in CA, CS, CWA exams and what is the remedy". Some harsh words are used here, but all the things only for your help.

REASON 1-Carelessness of the student towards their career.
REMEDY- My dear friends, be serious in your study, otherwise you will fell guilty throughout your life even if you do something good elsewhere.

REASON 2-Engaged in other activities during preparation (i.e. social media, Parties, Marriages, other family programes, etc)
REMEDY-All these events can be completed without you. 

REASON 3-Late start of study (because we want to become a CA in just by study 2-3 months? friends, this is not possible) [exceptions excluded]
REMEDY-Start your study from the day you registered yourself with your Institute. You will be losing 1 mark every day if you do not study from day 1 (what other important work do you have in hand)

REASON 4- Study without proper planning and time allocation for each subject
REMEDY-Just dont take the text book and start reading from the first chapter. Plan your subject your interest, have an overall fell of the book, chapters and their importance. Dont leave any chapter in option.

REASON 5-Ignorance of study materials, suggested and RTP issued by the Institutes.
REMEDY-Study materials is bible first read this and then if required any reference book, particularly theory subject. Suggested are very much helpful in understanding the way institute ask a question. And expect us to answer.

REASON 6-Casual Reading
REMEDY- While reading one should not be casual in approach try to distinguish between similar concept and be clear.

Source: Internet
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Thursday, June 26, 2014


CS Executive December 2014 Time Table (OMR Based)

The Institute of Company Secretaries of India declare the date sheet of CS Executive Dec 2014 and CS Professional (Final) December 2014. In this upcoming exams, ICSI will follow new Exam style for New Syllabus of CS Executive (Inter) programme. These papers will be held in OMR pattern !!!!

Further, there is no change in pattern of CS Professional Examinations.

The Institute has for the first time introduced OMR based question paper for the new syllabus, In the omr bsed exams you will be required to circle the correct options.

Read Here: Tips for CS Exams

The date sheet of CS Executive Dec 2014 is as follows:

Date and
General and Commercial Laws
Cost and Management Accounting (Module-I)
(OMR Based Exam)
Company Accounts, Cost and Management Accounting
Tax Laws and Practice
(OMR Based Exam)
Tax Laws (Module-I)
Industrial, Labour and General Laws (Module-II)
(OMR Based Exam)
Company Law
Company Law
Economic and Labour Laws
Economic and Commercial Laws
Securities Laws and Compliances
Company Accounts and Auditing Practices (Module-II)
Capital Markets and Securities Laws (Module-II)

The date sheet of CS Professional Dec 2014 is as follows:

Company Secretarial Practice
(Module – I)
Advanced Company Law and
Practice (Module – I)
Drafting, Appearances and Pleadings (Module-I) Secretarial Audit, Compliance Management and Due Diligence
(Module – I)
Financial, Treasury and Forex Management (Module-II) Corporate Restructuring, Valuation and Insolvency (Module – I)
Corporate Restructuring and Insolvency (Module-II) Information Technology and System Audit (Module – II)
Strategic Management, Alliances and International Trade
Financial, Treasury and Forex Management (Module – II)
NO EXAMINATION Ethics, Governance and Sustainability (Module – II)
Advanced Tax Laws and Practice
Advanced Tax Laws and Practice
(Module – III)
Due Diligence and Corporate Compliance Management
Drafting, Appearances and Pleadings (Module – III)
Governance, Business Ethics and Sustainability (Module-IV) Elective 1 out of below 5 subjects (Module – III) 


Read Here: Tips for CS Exams

All the best guys for your exams.. :)
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