Respecting the Host Country : A Rational Perspective
By Anil Jain, Ahimsa Foundation India
In today’s interconnected world, people travel to foreign countries for various reasons-education, employment, business, or personal growth. While it is natural to have personal expectations based on the country of origin, it is important to remember that every nation has its own laws, governance, and societal norms.
If someone has lawfully entered a country after obtaining the necessary visa and permissions, it implies an agreement to abide by the rules, customs, and systems of that country. If, however, the host country does not function as per the expectations of one’s homeland, the most reasonable and dignified course of action is to return to one's own country rather than engage in conflicts, protests, or disruptive activities. ...........................click here to read further
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Humble Appeal-Three Years Of The Russia - Ukraine War
As we mark three years of the devastating conflict between Russia and Ukraine, it is time to reflect on the immense loss of life, destruction of property, and the deep scars left on both nations. War brings nothing but pain, division, and suffering-where there was once unity, now lies bitterness; where there was once prosperity, now lies ruin.
To the leaders and people of Russia and Ukraine, history will not remember who won the battles, but rather who had the courage to stop the war. True victory lies not in conquest but in peace, in rebuilding what has been lost, and in ensuring that future generations inherit a land of hope rather than hostility. It is time to seek reconciliation, to replace weapons with words, and to move forward as nations that coexist rather than collide.
To the international community, political leaders, and religious figures-your voices hold power. The world must not be a silent spectator to destruction. It is your responsibility to mediate, facilitate dialogue, and support every sincere effort toward peace. War anywhere is a tragedy for humanity everywhere. The resources spent on war should be redirected toward healing, reconstruction, and securing a future where no child has to wake up to the sound of bombs.
Let this be a call to conscience: Enough blood has
been shed, enough homes have been destroyed, enough families have been torn
apart. Let wisdom prevail over pride, and let peace be the only path forward.
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Trump Tariff Policy Against India
The recent policy shift by the U.S. administration under President Donald Trump to increase import tariffs on goods and services from India is poised to have significant implications for the Indian economy, both in the short and long term.
Short-Term Impacts
1. Export Competitiveness : Higher U.S. tariffs will likely make Indian
products more expensive in the American market, reducing their competitiveness.
Key sectors such as textiles, pharmaceuticals, and information technology
services, which constitute a substantial portion of India's exports to the U.S.,
may experience immediate declines in demand.
2. Trade Balance : The U.S. is India's largest trading partner, with bilateral trade exceeding $118 billion in the fiscal year 2023-24, and India maintaining a trade surplus of about $32 billion. Increased tariffs could diminish this surplus by curbing export volumes.
3. Currency Volatility : The announcement of new tariffs has already led to market instability, with the Indian rupee reaching a historic low against the U.S. dollar, closing at 87.1850 after touching 87.28. Such currency depreciation can increase the cost of imports, contributing to inflationary pressures domestically. ...........................click here to read further
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USA Dollar's Governance Is Over ?
Two events in the past few weeks point to a change in the global balance of power. The first was the peace deal in Beijing between once sworn enemies Iran and Saudi Arabia, where China played peacemaker. Considering that Iran and Saudi Arabia have been at each other's throats for decades, this was quite a diplomatic achievement for Xi Jinping.
The second event was the recent meeting between Xi and Putin in Moscow. These two leaders have met one-on-one 40 times in the last ten years, which is a record for both. Putin says that Xi is the only world leader he has celebrated his birthday with, and calls him “his best and bosom friend”. ...........................click here to read further
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Budget 2023 Overview
The Budget 2023 presented on 1st February 2023, indicates an extremely cautious approach of the Finance Minister, Ms. Nirmala Sitharaman’s towards balancing this critical phase of Indian economy.
Indian economy is facing multifaceted challenges due to soaring inflation and interest rates, post covid unemployment, rising debt burden &interest payments, international oil prices, growing borrowings, border tensions, falling rupee value, ethnic disturbances, frequent elections, deficit on current and capital account, corruption, banking frauds, black money, international uncertainties, internal law and order disturbances and high growth {GDP} expectations from fiscal governance. Further, the issues have become more complex due to lack of adaptiveness of contemporary and unconventional fiscal tools available within the country for additional non- tax resource mobilisation. In these circumstances, our finance minister can definitely be excused for playing safe in her position...........................click here to read further
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Are Income Tax Raids Truly Treacherous & Terrifying?
Through this article, I intend to share my professional experience with regards
to one of the most draconian and terrifying subject, commonly mentioned as
income tax raids. In legislation, this word is referred as search and seizure. I
am sure many of you have passed through this traumatic experience and some of
you may be expecting this due to your appreciative business success and
admirable financial acquisitions and achievements. If you think it is inevitable
at some time in future, please do organise yourself so that, it’s not a surprise
and you sail through smoothly. Although this can be discussed in details but for
the sake of general over view, I will just share a few tips to familiarise you
with the subject.. .................click
here to read further
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Case Laws - Benami Property
Dy. Commissioner of Income Tax vs M/s. Manpreet Estates LLP 26th March, 2019 Appellate Tribunal Smt. P. Leelavathi (D) by LRS Vs V. Shankarnarayana Rao (D) on 09 April, 2019 Supreme Court ...............click here to read further
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FAQ's on Filing of MCA Form DPT-3
With Companies (Acceptance of Deposits), Amendment Rules, 2019, MCA introduced Form DPT-3 which mandates Filing of Details of Loan with ROC. Language of Companies (Acceptance of Deposits) Amendment Rules, 2019: Sub Rule 3 of Rule 16A : Every company other than Government company shall file a onetime return of outstanding receipt of money or loan by a company but not considered as deposits, in terms of clause (c) of sub-rule 1 of rule 2 from the 01st April, 2014 to the date of publication of this notification in the Official Gazette, as specified in Form DPT-3 within ninety days from the date of said publication of this notification along with fee as provided in the Companies (Registration Offices and Fees) Rules, 2014.”.................click here to read further
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Protect Your Software Rights
(Trademark / Patent / Copyright)
Software Patent Registration
Creators and inventors of software products have always strived to protect their intellectual property rights and obtain patent registration for software products. The rapid growth of the internet and fast increasing competition has further increased the demand for software patents in India. However, patenting of software was not allowed for a long time in India, due to restrictions in the patent laws of India. But to cope up with the demand, boost innovation and safeguard the rights of inventors, the Indian Patent Office has evolved detailed guidelines for patenting Computer Related Inventions (CRIs). In this article, we look at patentability of software and Computer Related Inventions in detail.............click here to read further
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Buying A Property In Bank Auction
The traditional channels of searching real estate listings and
working with real estate agents aren't the only ways to acquire a
property. Experienced real estate investors often purchase
properties at auctions. But auctions aren't limited to
professionals; novices have purchased their homes at auctions, too
How Do Properties End Up at Auction?
The two main types of property auctions are foreclosure auctions
and tax lien auctions. Before a property reaches this stage,
several things have to happen.
First, the homeowner has to have not paid the mortgage for several
months. Then, the bank files a notice of default with the county
recorder. If the homeowner doesn't pay the balance owed or
renegotiate the mortgage with the lender, the home can be put up
for auction. The amount of time it takes from when the homeowner
stops paying the mortgage to when the home ends up at auction
varies, but can be anywhere from a few months to a year or more........click
here to read further
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Double Taxation Avoidance Pact With Hong Kong