How your income tax has changed over the last 9 years

How your income tax has changed over the last 9 years

Here’s how the income tax slabs, surcharges and deduction limits have changed over the past nine years
2009-10
Basic exemption limit raised to Rs 1.6 lakh (male taxpayers), Rs 1.9 lakh (females) and Rs 2.4 lakh (senior citizens). 10% surcharge on personal income tax removed.

2010-11
Tax slabs changed. 10% up to Rs 5 lakh, 20% up to Rs 8 lakh and 30% for over Rs 8 lakh. Additional deduction for investing up to Rs 20,000 in infra bonds under Sec 80CCF.

2011-12
Basic exemption raised to Rs 1.8 lakh (male taxpayers), Rs 1.9 lakh (females) and Rs 2.5 lakh (senior citizens). Senior citizens age reduced to 60 years and very senior citizen category added for those above 80.2012-13

Basic exemption for general taxpayers raised to Rs 2 lakh. No change for senior citizens. Difference in basic exemption between males and females done away with. New Sec 80TTA exempts up to Rs 10,000 interest earned on bank balance.

2013-14
10% surcharge levied on tax for incomes above Rs 1 crore. Sec 80CCF deduction for infra bonds scrapped. Tax rebate of Rs 2,000 for incomes up to Rs 5 lakh.2014-15
Basic exemption raised to Rs 2.5 lakh (general), Rs 3 lakh (senior citizens) and Rs 5 lakh (very senior citizens). Section 80C limit hiked to Rs 1.5 lakh. Home loan deduction limit hiked to Rs 2 lakh.

2015-16
Surcharge on incomes above Rs 1 crore hiked to 12%. Additional deduction of up to Rs 50,000 for investment in NPS. Wealth tax removed. Medical insurance deduction hiked to Rs 25,000.2016-17
Surcharge on incomes above Rs 1 crore hiked to 15%. Dividends of over Rs 10 lakh to be taxed at 10%. Tax rebate hiked to Rs 5,000 for those earning up to Rs 5 lakh.

2017-18
New 10% surcharge on incomes above Rs 50 lakh. Tax rebate reduced from Rs 5,000 to Rs 2,500 and will apply only to incomes up to Rs 3.5 lakh. Rs 12,500 rebate for all taxpayers. Home loan deduction capped at Rs 2 lakh.

Tips to discipline your toddlers

Toddler years are the period when your child has no clue about the world but as much as he is growing up, he is learning bit by bit. This is the period when you have to discipline your child the most because this is what they will carry forward for the rest of their life. Let’s look at few tips which can help you discipline your toddler:

Doing Over

If your child ever disrespects anyone or do anything wrong, send him out of the place or ask him/her to repeat the same again. Let your child do it till he gets it right.

Zip the mouth

Children sometimes speak a lot which can be really difficult in future for them because they might end up with a habit of over-speaking. It’s good if you teach them to stay quiet for a while every day.

Grounding

If you are wealthy enough to make his every wish come true then try to avoid it and only grant him the things that make sense.

Control your Anger

Try not to freak out or lose control in front of them because that will make them a short-tempered person as a grown up!

Shah Rukh Khan’s Zero might go head to head with Salman Khan’s Dabangg 3 this December

Shah Rukh Khan’s Zero, Salman Khan’s Dabangg 3, Ajay Devgn’s Total Dhamaal, and Ranveer Singh’s Simmba are reportedly vying for December release dates

The last month of 2017 and the beginning of 2018 was marked by utter confusion after multiple producers rescheduled their films, mainly because of the Padmaavat drama. However, it looks like the mayhem is going to continue with reports of Dabangg 3 and Zero heading towards face off, surfacing.

Salman’s Dabangg 3 is apparently going on floors in April 2018 onwards and the producer of the film Arbaaz Khan has plans of releasing the film in December 2018 itself. A Times Now report claims that Arbaaz is going to make the official announcement soon. This time the third installment of Dabangg is being directed by Prabhu Deva.

December 2018 will, however, be a busy month for Bollywood as a number of big budget films will be lined up for release. Along with Anand L Rai’s Zero starring Shah Rukh Khan, there will reportedly be Ajay Devgn’s Total Dhamaal, Rohit Shetty’s Simmba starring Ranveer Singh. Naturally, a month with three big releases in the pipeline will leave the distributors in a great dilemma if Arbaaz too announces his film’s release in the same month.

On Dabangg 3’s rumored release, a source said, “The film may very well start rolling in April, and will be released before the end of the year. Which effectively means that there will be a clash between Dabangg 3 and one big project in December. This, unless Dabangg 3 is released on 14 December. Total Dhamaal is releasing on December 7. Zero, which will see Salman in a cameo appearance, will release on 21 December. Shetty’s Simbaa, which is co-produced by Karan Johar, is releasing on 28 December. Since there are only a few important dates in a year, such clashes are inevitable.”

Top banks suspend accounts of major Bitcoin exchanges in India

Top banks of the country have suspended some accounts of major Bitcoin exchanges in India on suspicion of dubious transactions.

Banks including leading ones such as State Bank of India, Axis Bank, ICICI Bank, HDFC Bank and Yes Bank are said to have suspended some accounts of top ten such cryptocurrency exchanges/platforms in the country such as Zebpay, Unocoin, CoinSecure, BtcxIndia, among others.

These banks have reportedly asked for additional collateral with 1:1 ratio on the loans the exchanges had taken. They have also capped cash withdrawals for the few accounts which are operational, , the Economic Times reported citing multiple sources.

Though most of the exchanges ET contacted did not respond, Unocoin said no bank has contacted them in this regard. “The banks have not contacted the company or the promoters regarding the actions you have mentioned,” Unocoin Promoter Sathvik Vishwanath said.

Queries sent to the banks taking the action also did not elicit any response.

Eight accounts have likely been suspended after the banks found the funds were utilised for something which it was not intended for.

“Reserve Bank of India has not issued any directive to us – it’s a cautionary move on our part. We are wary about the purpose for which some of these current accounts are being used,” a banker involved in the matter told ET.

The total revenue of top ten exchanges in India could well be worth Rs 40,000 crore and they operate at margins greater than 20 percent, the ET reported citing sources.

Tax scrutiny

The tax department also recently sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than USD 3.5 billion (RS 2,234 crore) worth of transactions have been conducted over a 17-month period.

Tech-savvy young investors, real estate players and jewellers are among those invested in bitcoin and other virtual currencies, tax officials told Reuters after gathering data from nine exchanges in Mumbai, Delhi, Bengaluru and Pune.

In recent weeks, Japan and China have made noises about a regulatory crackdown, while South Korean policymakers said they were considering shutting down domestic virtual currency exchanges.

An Indian finance ministry official said a committee was looking into the possibility of imposing restrictions on virtual currencies and that eventually parliament would have to legislate a regulatory regime.

Tax Rates: Income Tax Slab For AY 2018-19

1. Income Tax Slab Rate for AY 2018-19 for Individuals:

1.1 Individual (resident or non-resident), who is of the age of less than 60 years on the last day of the relevant previous year:

Taxable income Tax Rate
Up to Rs. 2,50,000 Nil
Rs. 2,50,000 to Rs. 5,00,000 5%
Rs. 5,00,000 to Rs. 10,00,000 20%
Above Rs. 10,00,000 30%

1.2 Resident senior citizen, i.e., every individual, being a resident in India, who is of the age of 60 years or more but less than 80 years at any time during the previous year:

Taxable income Tax Rate
Up to Rs. 3,00,000 Nil
Rs. 3,00,000 – Rs. 5,00,000 5%
Rs. 5,00,000 – Rs. 10,00,000 20%
Above Rs. 10,00,000 30%

1.3 Resident super senior citizen, i.e., every individual, being a resident in India, who is of the age of 80 years or more at any time during the previous year:

Taxable income Tax Rate
Up to Rs. 5,00,000 Nil
Rs. 5,00,000 – Rs. 10,00,000 20%
Above Rs. 10,00,000 30%

Plus:

Surcharge: 10% of tax where total income exceeds Rs. 50 lakh
15% of tax where total income exceeds Rs. 1 crore

Education cess: 3% of tax plus surcharge

Note: A resident individual is entitled for rebate u/s 87A if his total income does not exceed Rs. 3,50,000. The amount of rebate shall be 100% of income-tax or Rs. 2,500, whichever is less.

2. Income Tax Rates for HUF/AOP/BOI/Any other Artificial Juridical Person:

Taxable income Tax Rate
Up to Rs. 2,50,000 Nil
Rs. 2,50,000 to Rs. 5,00,000 5%
Rs. 5,00,000 to Rs. 10,00,000 20%
Above Rs. 10,00,000 30%

Plus:

Surcharge: 10% of tax where total income exceeds Rs. 50 lakh
15% of tax where total income exceeds Rs. 1 crore

Education cess: 3% of tax plus surcharge

3. Tax Rate For Partnership Firm:

A partnership firm (including LLP) is taxable at 30%.

Plus:

Surcharge: 12% of tax where total income exceeds Rs. 1 crore

Education cess: 3% of tax plus surcharge

4. Income Tax Slab Rate for Local Authority:

A local authority is taxable at 30%.

Plus:

Surcharge: 12% of tax where total income exceeds Rs. 1 crore

Education cess: 3% of tax plus surcharge

5. Tax Slab Rate for Domestic Company:

A domestic company is taxable at 30%. However, tax rate is 25% if turnover or gross receipt of the company does not exceed Rs. 50 crore.

Plus:

Surcharge: 7% of tax where total income exceeds Rs. 1 crore

12% of tax where total income exceeds Rs. 10 crore

Education cess: 3% of tax plus surcharge

6. Tax Rates for Foreign Company:

A foreign company is taxable at 40%

Plus:

Surcharge: 2% of tax where total income exceeds Rs. 1 crore

5% of tax where total income exceeds Rs. 10 crore

Education cess: 3% of tax plus surcharge

7. Income Tax Slab for Co-operative Society:

Taxable income Tax Rate
Up to Rs. 10,000 10%
Rs. 10,000 to Rs. 20,000 20%
Above Rs. 20,000 30%

Plus:

Surcharge: 12% of tax where total income exceeds Rs. 1 crore

Education cess: 3% of tax plus surcharge

NMDC Recruitment 2018 For 169 Maintenance Assistant And Other Grade III Posts

Form Type: Offline, Online
Last Date : 19/02/2018
Total Vacancies : 169 (101 – 500 Vacancies Govt Jobs Page)
Company : NMDC (National Mineral Development Corporation)
Location : All India Jobs
Job Category/ Department : Sarkari Naukri 2018-19
Qualification Required : Diploma , Btech Engineers , ITI

Important Dates

Application Begin – 17/01/2018.
Last Date for Receipt of Application – 19/02/2018.

Application Fees

General/OBC – Rs.150/-.
SC/ST/PH/Ex.Servicemen – No. Fees.

Mode of Payment

Online Mode –  The Application Fees Can be Made by Using Debit Card/Credit Card/Online Net banking through SBI Collect.
Or
Offline Mode –  Candidates Can Pay the Offline fee through SBI Challan in the Account No.37370674247 of NMDC Limited.

Vacancy Details about NMDC for 169 Maintenance Assistant and Other Grade III Posts

 Maintenance Assistant (Mech) (Trainee) (RS-02)
Eligibility Criteria –  ITI in Welding / Fitter / Machinist /Turner / Motor Mechanic / Diesel Mechanic/Auto Electrician.
Total Posts – 114.

Maintenance Assistant (Elect) (Trainee) (RS-02)
Eligibility Criteria –  ITI in Electrical Trade.
Total Posts – 40.

HEM (MECH) Grade–III (RS – 04)
Eligibility Criteria – Diploma in Mechanical Engineering (Three years course) and Must
Have a Valid HMV Driving Licence.
Total Posts – 04.

Electrician Grade – III (RS – 04)
Eligibility Criteria –  Diploma in Electrical Engineering(3 years Course) with
Industrial/ Domestic Electrical Installations Certificate.
Total Posts – 04.

HEM Operator Grade –III (RS-04)
Eligibility Criteria –    Diploma in Mechanical Engineering / Automobile Engineering (3 Years Course)
with Heavy Vehicle Driving License (HVDL)
Total Posts – 02.

QCA Grade–III (RS-04)
Eligibility Criteria – Graduate in B.Sc (Chemistry / Biology) With One Years of Experience.
Total Posts – 05.

Reservation in Vacancy Details As Per RS Category

Reservation for RS – 02 Category
Vacancy – UR – 78 | OBC – 42 | SC – 24 | ST – 10.
Total Post – 154.

Reservation for RS – 04 Category
Vacancy – UR – 06 | OBC – 05 | SC – 03 | ST – 01.
Total Post – 154.

Reservation for RS- 04 Category
Vacancy – UR – 06 | OBC – 05 | SC – 03 | ST – 01.
Total Post – 15.

Total No. of Posts – 169.

Age Limit Details of NMDC for 169 Maintenance Assistant and Other Grade III Posts

As on 10/03/2015

Minimum – 18 Years.
Maximum – 30 Years.

Upper age limit is relaxable upto 5 years for SC/STs and 3 years for OBCs (Non- Creamy Layer) and for PH Candidates.

Selection Process of Maintenance Assistant And Other Grade III for 169 Posts

Selection May be Based on.

1. Written Test.
2. Job Proficiency Test.

How to Apply about 

NMDC for 169 Maintenance Assistant and Other Grade III Posts

  1.  1.The Candidates can apply through Offline/Online mode.
    2.Click on the Apply Online Link given on our Website in Important Link Section.
    3.Fill all the Mandatory Details in the form and Read all the Instruction before Filling the form.
    4.Upload the Scanned Copy of Documents in the Prescribed Size and Format as Mention in the Application Form.
    5.Take Printout of your Application form for Future Reference.
    6.Candidate Who Want to Apply Offline Can Download the Application form from Important Link Section.
    7.Fill all the Mandatory Details in the Application form and Superscribe the Post Name on Envelope.
    8.. Then, Paste your latest Photograph duly attested on Application Form.
    9.. Candidates need to send their application form Along with Copies Of Required Documents to below address.
    Post Box No. 1383 Posts Office ,
    Humayun Nagar, Hyderabad – 500028 Telangana, Helpline No. 09674524077.
    On or before 19th February 2018.

ISRO Recruitment 2018

Government of India, Department of Space, Indian Space Research Organisation (ISRO), ISRO Satellite Centre Bengaluru invites Online applications for engaging / offering Junior Research Fellow (JRF) at ISRO Satellite Centre Bengaluru, with Post Graduate Degree in Engineering/Post Graduate in Science. The last date for submission of online registration is 2nd February 2018.

Name of the Post

Total Vacancies

Age Limit

Emoluments

Junior Research Fellow (JRF)

20

Maximum 28 Years as on 2nd February 2018. Relaxation – 05 Years for SC / ST & 03 Years for OBC.

₹ 25000/- per month

Minimum Essential Qualification: M.E. / M.Tech / M.Sc. Engineering or equivalent Post Graduate Degree. The candidates who are qualified in NET or NET equivalent examination are only eligible to Apply.

Selection Process: Shortlisted candidates will be called for Interview. The call letter for the Interview for shortlisted applicants will be sent only by e-mail.

How to Apply: The Application for Online Registration will be hosted in the ISRO Website from 13/01/2018 to 02/02/2018. Upon online registration, the applicants will be provided with an online registration number, which should be carefully preserved for future reference. Email ID of the applicant will have to be provided in the application correctly and compulsorily (Hall tickets will be sent by email only).

Download Notification >> Apply Online >>

ISRO invites online applications from young graduates offers the position of Scientist/ Engineer ‘SC’ in Electronics, Mechanical and Computer Science Discipline. The last date for submission of online application of ISRO Scientist / Engineer Vacancy 2017-18 registration close on 5th October 2017.

Advertisement No. ISRO HQ: ICRB: 05:2017

Post Code

Name of the Post

No of Vacancies

BE 001

Scientist/Engineer ‘SC’ [Electronics]

35

BE 002

Scientist/Engineer ‘SC’ [Mechanical]

35

BE 003

Scientist/Engineer ‘SC’ [Computer Science]

10

Age Limit: 35 Years as on 5th October 2017. Age Relaxation as per Govt. Rules.

Pay and Allowances: Level 10 of Pay Matrix and will be paid minimum basic pay of ₹ 56100/- p.m. In addition, House Rent Allowance [HRA] and Transport Allowance at the prescribed rates in force at the place of posting will be paid for those who are not availing Departmental Housing and Transport facility, respectively.

Eligibility: BE/B.Tech Engineering Graduate or equivalent qualification in first class with an aggregate minimum of 65% marks or CGPA 6.84/10 (average of all semesters for which results are available). The qualification prescribed and the benchmark are only the MINIMUM requirement and fulfilling the same does not automatically make candidates eligible for Written Test.

Application Fee: ₹ 100/- for each application. Candidates may make the payment ‘online’ using Internet Banking/ Debit card or ‘Offline’ by visiting nearest SBI Branch. Candidates after submitting their application can pay application fee immediately or any day before the last date for fee payment i.e. 06/10/2017. No fee for SC / ST / Ex-Serviceman (EX) and PWD Category Candidates.

Selection Process: Written Test and Interview. Shortlisted candidates based on the academic performance and bio-data, will be called for Written Test. The written test will be conducted on 24/12/2017 at twelve venues viz., Ahmedabad, Bengaluru, Bhopal, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata, Lucknow, Mumbai, New Delhi and Thiruvananthapuram.

How to Apply: The application for on-line registration will be hosted in the ISRO website. Eligible Candidates are required to apply online through ISRO Portal to register their applications online between 15/09/2017 and 05/10/2017. Scanned copies of latest passport sized photograph and Signature of the candidates in the prescribed file size is required to be uploaded in the Application. The documents to be sent to :ADMINISTRATIVE OFFICER (RMT), ANTARIKSH BHAVAN, ISRO HEADQUARTERS, NEW BEL ROAD, BENGALURU – 560094 latest by 12/10/2017. For any queries email to icrb@isro.gov.in.


ISRO ICRB invites online applications for recruitment of Light Vehicle Driver ‘A’ (LVD), Heavy Vehicle Driver ‘A’ (HVD) and Staff Car Driver ‘A’ (SCD) at various DOS/ ISRO Centres/ Units. The last date for online registration of ISRO Driver Vacancy 2017 is 28th August 2017.

Name of the Post

Total Vacancies

Light Vehicle Driver ‘A’ (LVD)

50 (Ahmedabad – 01, Bengaluru – 15, Hyderabad – 04, New Delhi – 01, Sriharikota – 10, Thiruvananthapuram – 19)

Heavy Vehicle Driver ‘A’ (HVD)

76 (Ahmedabad – 03, Bengaluru – 05, Sriharikota – 08, Thiruvananthapuram – 60)

Staff Car Driver ‘A’ (SCD)

02 (Bengaluru)

Age Limit: 35 years for General as on 28.08.2017 (40 years in case of SC/ST candidates and 38 years for OBC candidates, against posts reserved for these categories).

Pay and Allowances: Level 2 of Pay Matrix and will be paid minimum basic pay of ₹ 19,900/- p.m.

Educational Qualification: Pass in SSLC/ SSC/ Matric/ 10th Standard.

Experience:

Light Vehicle Driver ‘A’ (LVD) -> 3 years experience as Light Vehicle Driver. Must possess valid LVD licence and Public Service Badge.

Heavy Vehicle Driver ‘A’ (HVD) -> 5 years experience, out of which 3 years as HVD. Must possess HVD licence and Public Service Badge.

Staff Car Driver ‘A’ (SCD) -> 3 years experience as Light Vehicle Driver. Must possess valid LVD licence and Public Service Badge.

Application Fee: ₹ 100/- (Only General and OBC Candidates) for each application. Candidates may make the payment ‘online’ using Internet Banking/ Debit Card/ Credit Card or ‘Offline’ by visiting nearest SBI Branch. The last date for fee payment is 29th August 2017. Candidates can check Payment status and Print Receipt by visiting “Payment Status” link available in advertisement page. No other mode of payment will be acceptable. All Women candidates/ Scheduled Castes (SC)/ Scheduled Tribes (ST) and Ex-serviceman [EX] candidates are exempted from payment of Application Fee.

Selection Process: Written Test and Skill Test. The Initial screening will be conducted to short-list candidates for taking-up written test. The written test will be conducted on 26/11/2017 [Sunday] at nine venues viz., Ahmedabad, Bengaluru, Chennai, Dehradun, Guwahati, Hyderabad, Kolkata, New Delhi and Thiruvananthapuram. Based on the performance in the written test, candidates will be shortlisted for skill test, depending on the number of vacancies notified. Skill Test will be purely go-no-go basis and marks obtained in the skill test shall not be considered for selection. From amongst candidates who qualify in the skill test with minimum 60% marks, empanelment shall be done in the order of marks obtained in the written test, subject to number of vacancies notified. In case, sufficient number of SC/ ST/ OBC/ PWD/ Ex-servicemen candidates are not available for filling-up the vacancies reserved for these categories, relaxation will be extended to candidates belonging to the respective category, to make good the short-fall.

How to Apply: Eligible Interested Candidates are required to Apply Online through ISRO Website. The closing date for submission of online registration is 28/08/2017. Scanned copies of latest passport sized Photograph and Signature of the candidates in the prescribed file size is required to be uploaded in the application. On successful submission of the on-line application, candidates have to make payment of application fee (in case applicable).

The Photo-copy of online application (Hard Copy) along with required documents to be sent to ADMINISTRATIVE OFFICER (RMT) ANTARIKSH BHAVAN, ISRO HEADQUARTERS, NEW BEL ROAD, BENGALURU -560094 on or before 04/09/2017.


Indian Space Research Organisation (ISRO) invites online applications from eligible Indian National candidates for recruitment of Assistants (Administrative Support Staff) and Upper Division Clerks (UDC) in various ISRO Centres/Units, and Autonomous Bodies/CPSUs under Department of Space across India. The last date for registration of online applications is 31st July 2017.

Advertisement No. ISRO HQ:ICRB:03:2017

Name of the Post

Total Vacancies

Assistant in ISRO Centres / Units

272 (Ahmedabad – 20, Bengaluru – 97, Hyderabad – 27, New Delhi – 04, Sriharikota – 35, Thiruvananthapuram – 89) [PWD – 19]

Upper Division Clerk (UDC) for filling up in Department of Space

02 (Bengaluru)

Assistant at Autonomous Institutions/Central PSU under Department of Space

39 (Ahmedabad – 16, Bengaluru – 07, Hyderabad – 01, New Delhi – 14, Thiruvananthapuram – 01)

Upper Age Limit (as on 31/07/2017): 26 years for General, 31 years in case of SC/ST and 29 years for OBC candidates.

Educational Qualification:

(1) Graduate Degree in Arts/ Commerce/ Management/ Science/ Computer Applications with First Class as declared by the University. (The prescribed qualification to be acquired on or before 31/07/2017)

(2) Knowledge in the use of Computers.

Application Fee: ₹ 100/- for each application. Candidates may make the payment ‘online’ using Internet Banking/ Debit Card/ Credit Card or ‘Offline’ by visiting nearest SBI Branch.

How to Apply: Eligible Interested candidates are required to apply online through ISRO Website. The closing date for registration of online applications is 31/07/2017. The candidates who are already employed under Central/State Govt/ PSU/ Autonomous Bodies have to send a ‘No Objection Certificate (NOC)’ from the employer concerned, duly indicating their Registration Number and Post Number to the Administrative Officer [RMT], Antariksh Bhavan, ISRO Headquarters, New BEL Road , Bengaluru- 560094 within 07 days of filing the applications on-line by the candidates and in any case not later than 07/08/2017.

Important Dates:

The Last date for submission of Online Application -> 31/07/2017
The Last date for payment of application fee (Online) -> 01/08/2017 up to 11:59 PM
The Last date for payment of application fee (Offline) -> 31/07/2017’’


Indian Space Research Organisation (ISRO) Headquarters invites applications for recruitment post of Hindi Typist and Technician-B. The last date for submission of online applications is 21st July 2017.

Post Code

Name of the Post

No of Vacancy

Age Limit (as on 21/07/2017)

Pay Scale

01

Hindi Typist For filling up in ISRO Headquarters, Bengaluru and MCF, Hassan

03

26 Years (31 Years in case of SC)

Level-04 in Pay Matrix

02

Hindi Typist For filling up in Department of Space

01

26 Years

Level-04 in Pay Matrix

03

Technician – B (Electrical) for filling up in ISRO Headquarters, Bengaluru

01

35 Years

Level-03 in Pay Matrix

Educational Qualifications:

Hindi Typist ->

(1) Graduate degree in Arts/ Science/ Commerce/ Management/ Computer Applications with First Class as declared by the University.
(2) The candidates should have studied Hindi as one of the subjects at Matriculation/ Degree level OR passed either of these examinations in Hindi medium.
(3) Hindi Typewriting speed @ 25 w.p.m. on computer.
(4) Knowledge in the use of Computers.
(5) Knowledge in English Typewriting (desirable qualification).

Technician – B (Electrical) ->

(1) SSLC/SSC pass + ITI/ NTC/ NAC in Electrical Trade.

Selection Process: The shortlisted candidates will be called for Written Test and Skill Test.

How to Apply: Eligible Interested Persons apply in the prescribed application format. The Application form available till 21st July 2017. The duly filled in application, affixing a recent passport size colour photograph at the place provided in the application, along with self-attested copies of all certificates/testimonials may be sent to Administrative Officer (Recruitment), ISRO Headquarters, Antariksh Bhavan, New BEL Road, Bangalore- 560 094 on or before 28/07/2017. The postal cover  superscripting on the envelope ‘Application for the post of Hindi Typist’/’Application for the post of Technician-B’.


Indian Space Research Organisation (ISRO) Centralised Recruitment Board (ICRB) invites Online Applications from Young Engineering Graduates for recruitment of Scientist/Engineer ‘SC’ in Level 10 of Pay Matrix in various engineering disciplines. The Last date for submission of online applications is 14th March 2017.

ADVERTISEMENT No. ISRO HQ(CEPO):ICRB:02:2017

Post Code

Name of the Post

Total Vacancies

BE004

Scientist / Engineer ‘SC’ – Civil

08

BE005

Scientist / Engineer ‘SC’ – Electrical

06

BE006

Scientist / Engineer ‘SC’ – Refrigeration and Air Conditioning

06

BE007

Scientist / Engineer ‘SC’ – Architecture

02

BE008

Scientist / Engineer ‘SC’ – Civil

01

BE009

Scientist / Engineer ‘SC’ – Electrical

03

BE010

Scientist / Engineer ‘SC’ – Refrigeration and Air Conditioning

01

Age Limit: Maximum 35 Years as on 14th March 2017. Upper Age 40 years in case of SC/ST candidates and 38 years for OBC candidates. Age Relaxation for Ex-Serviceman and PWD candidates – as per Govt. of India Rules.

Pay and Allowances: Level 10 of Pay Matrix and will be paid minimum basic pay of ₹ 56100/- p.m.

Minimum Educational Qualification: B.E. / B.Tech or equivalent in Civil / Electrical / Refrigeration & A/C / Architecture Engineering in First Class with an aggregate minimum of 65% marks or CGPA 6.84/10 (average of marks of all semesters for which results are available). Candidates applying with qualification of AMIE/Grad IETE should have 65% marks or CGPA 6.84 in Section ‘B’ alone.

Application Fee: ₹ 100/- for each application. The Candidates may make the payment ‘Online using Internet Banking/ Debit Card (OR) ‘Offline’ by visiting nearest SBI Branch (using SBI Challan). SC / ST / PWD / Ex-Servicem and and All Women candidates are exempted from payment of Application Fee.

Selection Process: Written Test and Interview.

Shortlisted candidates based on the academic performance and bio-data, will be called for Written Test. The written test will be conducted on 07/05/2017 at 12 venues viz., Ahmedabad, Bengaluru, Bhopal, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata, Lucknow, Mumbai, New Delhi and Thiruvananthapuram. The call letters for the written test to the short- listed candidates will be sent only by e-mail during the third/last week of April 2017.

How to Apply: Eligible Interested Engineering Graduates Apply Online through ISRO Online Registration. The Last date for submission of online applications is 14/03/2017. For queries about online application email to onlinepayhq@isro.gov.in.

Important Dates:

Last date for filling Online Application -> 14/03/2017
Last Date for Fee Payment -> 15/03/2017 up to 11:59 PM
Tentative date of Written Test -> 07/05/2017


Indian Space Research Organisation (ISRO), ISRO Centralised Recruitment Board (ICRB) invites Online Applications for Recruitment to the post of Scientist / Engineer ‘SC’ in the disciplines of Electronics, Mechanical and Computer Science. The last date for submission of online applications is 7th March 2017.

Advertisement Number: ISRO HQ: ICRB: 01:2017

Post Code

Name of the Post

Total Vacancies

BE 001

Scientist / Engineer ‘SC’ (Electronics)

42 (12 Vacancy reserved for PWD)

BE 002

Scientist / Engineer ‘SC’ (Mechanical)

36 (10 Vacancy reserved for PWD)

BE 003

Scientist / Engineer ‘SC’ (Computer Science)

09 (01 Vacancy reserved for PWD)

Age Limit: 35 Years as on 7th March 2017. Age Relaxation as per Govt. Rules.

Pay and Allowances: Level 10 of Pay Matrix and will be paid minimum basic pay of ₹ 56100/- p.m.

Eligibility: BE/ B.Tech or equivalent qualification in first class with an aggregate minimum of 65% marks or CGPA 6.84/10 (average of all semesters for which results are available). Candidates applying with qualification of AMIE/Grad IETE should have 65% marks or CGPA 6.84 in Section ‘B’ alone. Candidates who are going to complete the above course in the academic year 2016-17 are also eligible to apply, provided final degree is available by 31/8/2017. The qualification prescribed and the benchmark are only the minimum requirement and fulfilling the same does not automatically make candidates eligible for Written Test.

Application Fee: ₹ 100/- for each application. Candidates may make the payment ‘online’ using Internet Banking/ Debit Card or ‘Offline’ by visiting nearest SBI Branch.  All Women candidates/ Scheduled Castes (SC)/ Scheduled Tribes (ST) / Ex-serviceman [EX] and Persons with Disabilities (PWD) candidates are exempted from payment of Application Fee.

Selection Process: Written Test and Interview / Interview. The written test will be conducted on 7th May 2017 at twelve venues viz., Ahmedabad, Bengaluru, Bhopal, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata, Lucknow, Mumbai, New Delhi and Thiruvananthapuram.

How to Apply: The application for on-line registration will be hosted in the ISRO website. The Last date for Online Registration is 07/03/2017.

Important Dates:

Last date for submission of Online Applications -> 07/03/2017
Last date for Fee Payment -> 08/03/2017 up to 11.59 pm.
Tentative Date for Written Test -> 07/05/2017
Last date for receipt of NOC (already employed under Central/ State Govt/ PSU/ Autonomous Bodies) -> 15/03/2017

Council may cut GST rates for 70 items; 40 on revision list

A fortnight ahead of the Union Budget, the Goods and Services Tax (GST) Council is likely to take up rationalisation of rates of about 70 items, of which at least 40 are services. Amendment in rules may also be taken up to simplify filing and plug some of the loopholes. A fitment committee of officers has made these recommendations to the Council, which will meet on Thursday.

With the aim to boost struggling agriculture and rural economy, and encourage clean energy, the Council is expected to rationalise rates of agriculture implements and unconventional fuel buses. It is the last Council meeting before Finance Minister Arun Jaitley presents his last full Budget on 1 February, before general elections in 2019.

“Around 40 to 50 services will be taken up for a rate revision in the Council meeting. These are services that were earlier exempt but were taxed under the GST regime. They are facing issues,” said a government official.

Agriculture implements that are currently taxed up to 18 per cent may come under the 12 per cent or the 5 per cent bracket.

Agriculture sector growth is projected to fall to 2.1 per cent in FY18 because of an expected drop in the rabi harvest, an almost 3 per cent fall in kharif production, according to Advance Estimates by the Central Statistics Office.In the earlier meetings, the Council had lowered the rate on tractor parts from 28 per cent to 18 per cent.

In the last full Budget of the National Democratic Alliance government, measures to give a push to the rural, and small enterprise sectors are likely.

Among others, bio-diesel buses, which attract 28 per cent GST, may see a downward revision. Karnataka is one of the states to have given a big push to bio-diesel buses that are environment friendly. Karnataka State Road Transport Corporation (KSRTC) has inducted a slew of buses that run on bio-diesel.

In case of services, job works may be allowed as part of the composition scheme, which will imply a flat rate of tax and easier compliance.

Service provider aggregators such as UrbanClap, Housejoy and Quikr that provide e-platforms to carpenters, housekeepers, and plumbers could also find relief.

They had argued against the 18 per cent GST, saying it made them uncompetitive compared to neighbourhood rivals. They pointed out that the service providers using the platform were below the GST threshold of Rs 2-million annual turnover.

“Currently, only a few services such as housekeeping, carpentry, etc. are subject to 18 per cent GST, if provided through an e-commerce platform, without benefit of threshold limit of Rs 2 million. We are expecting the rate to be reduced to 5 per cent in such cases. Many job work services could also come under lower rate,” said Pratik Jain, partner, PwC India.

Service providers of up to Rs 500,000 a year may also be allowed to opt for composition scheme.

“The government would consider the lower collections over the past two months in taking a decision on further rate cuts,’’ said M S Mani, partner, Deloitte. The rate cuts may be confined to a few items that were either taxed at a lower rate in the past or are socially necessary, such as electric cars and their parts, he added. The Council had reduced rates on 200 items in November at its meeting in Guwahati. Reflecting the rate reduction, revenue collections touched the lowest in November at Rs 808 billion.

Rates for 176 items, including detergents, shampoos, and beauty products, were reduced from 28 per cent to 18 per cent, while for a few others to 12 per cent at the November 15 meeting, leaving only 50 items in the highest bracket.

Meanwhile, the Council may allow a single return filing to reduce compliance burden and ease procedures for small and medium businesses. The three return forms — GSTR1 (sales supply), GSTR2 (purchase supply), and GSTR3 (the final netted out return) — may be consolidated into a single form.

Successful Malaysian Entrepreneur Vijay Eswaran Shares His Reading Habits

Vijay Eswaran is a successful entrepreneur, motivational speaker and philanthropist.

Vijay Eswaran is a successful entrepreneur, motivational speaker and philanthropist. An economist by training, he is the founder of a multimillion-dollar global business and the author of several books.

A well-known thought leader in Asia, he has written and spoken extensively about business, leadership, personal development, and life management. When not traveling the globe on business, he is a passionate advocate for improving the quality of higher education in South East Asia.

Vijay Eswaran is also the recipient of numerous awards for entrepreneurship and business leadership and has been featured in Forbes as one of Asia’s Top 50 philanthropists.

His latest book Two Minutes from the Abyss is now available as an eBook on Amazon.

Here’s my interview with Vijay Eswaran where he shares his reading habits and favorite books.

Tomas Laurinavicius: Why do you read?

Vijay Eswaran: In today’s hyper-digital world where videos and pictures dominate our newsfeed, being able to read a humble paperback sometimes feels like a luxury. My mother inculcated in me a love of the written word at a very young age and for that, I will be always grateful.

“When I read a book, it allows me to walk into another person’s mind.” – @VjayEswaran

The way I see it, reading is the closest experience to a telepathic connection between two individuals: the reader and the writer. Even if the author has left us centuries ago, we are still able to experience the world as he or she perceived it at the time of writing. No amount of modern audiovisual reenactment can ever replace the power of this connection. When I read a book, it allows me to walk into another person’s mind.

Reading has given me power – the power of imagination, the power to learn, the power to gain and share ideas, the power to shape my thinking.

I believe that the inherent human need for knowledge and understanding will always prevail and the written word will always transcend.

Laurinavicius: What are 5 of the most influential books in your life?

Eswaran: Jonathan Livingston Seagull by Richard Bach

What I love here is that Bach writes with such great depth and feeling, yet in such simple language about self-perception and life itself. It ignites your imagination, and makes you want to stretch your own wings to fly. My favorite quote – “You have the freedom to be yourself, your true self, here and now, and nothing can stand in your way.”

The Alchemist by Paulo Coelho

I feel there is no greater art of delivering great truths and life lessons than storytelling. While The Alchemist is also a fable about following your dreams and listening to your heart, it serves as a wonderful reminder that failure is not the end. It is part of the journey. Favorite quote – “The secret of life, though, is to fall seven times and to get up eight times.”

Maverick: The Success Story Behind the World’s Most Unusual Workplace by Ricardo Semler

This book is often benchmarked as one of the turning points in management and corporate literature in the last three decades. What attracted me to this book when I first read it more than 20 years ago is the novel way in which Ricardo Semler, the scion of an aging Brazilian family manufacturing corporation, approaches problems as well as their solutions.

He takes the idea of participative management to a different level and demonstrates through the evolution of his company, Semco, that a new democratic way of working is possible. Through the lessons in this book, he has changed the nature of employee-employer relationship, probably forever.

John F. Kennedy on Leadership: The Lessons and Legacy of a President by John A. Barnes

I’ve always admired Kennedy for his seemingly effortless manner of leadership. He made it look easy. But what went into making him the accomplished, charismatic leader the world came to love? The hard work, the pain, the challenges… as I started reading more about Kennedy’s life and legacy, the five key principles detailed in his book stood out.

Reliance Jio plans to launch its own Cryptocurrency ‘JioCoin’

Relaince Jio’s next big idea of disruption is cryptocurrency and what’s more, the company plans to create its own digital currency JioCoin, reports Mint. It is possible the move might have been triggered by the incredible rise in the value of Bitcoin over the past few weeks, where the cryptocurrency touched a high of around $17,000, before falling down to the $12,000-odd range recently. It has created a new breed of millionaires and it seems like Mukesh Ambani-led Reliance group does not want to miss out on the action.

To mine the new digital currency, the company has chosen young Akash Ambani, the elder son of Mukesh to lead the project with a team of 50 professionals working under him to build the blockchain and create the stock of the currency. The blockchain technology, once developed, may be put to other uses, like supply chain logistics and so on.

For the uninitiated, blockchain is basically a digital ledger which can store data, usually on the cloud and is a closed chain and as the links keep getting built, those building the chains get rewarded with the digital coins that can be traded or en-cashed by the owner. This is how all the digital currencies worldwide work and Bitcoin has been the most popular of them all.

Reliance Jio is hoping to use the work by the new team to get into the IoT (Internet of Things) space. The technology has gained a lot of traction in recent times with devices like home speakers, smart watches and even the in-car infotainment in the automobile sector are all part of the IoT segment only. It is being projected that the blockchains developed could add a layer of security to the data exchanged among these IoT devices.

The flip side of the cryptocurrency is that it is not an officially recognized instrument and is not backed by any assets whatsoever. Most governments do not recognize these digital currency, though there are transactions being carried online, particularly in the dark web, where these currencies are used to buy all kinds of stuff. There are exchanges which trade in these currencies and a few countries in Europe have permitted Bitcoin and a couple of other digital currencies to be sold to the public through the post offices paying for them in Euros.

The Indian government has not yet recognised cryptocurrencies and the only step the Indian government has taken, as announced by the country’s Finance Minister in the Indian parliament is that the government has setup a committee to look into the various aspects of cryptocurrencies and submit a report. Even in a more developed economy like South Korea, where there is practically a craze among the common public to buy Bitcoins, the justice department is out to ban local cryptocurrency exchanges.