The unexplored1_Chamba District_Artifacts.

Much of the information about the Himachal pardesh is given in the epics like Mahabharat and Ramayan and other scriptures like Vedas and puranas. Chamba (District in the state of Himachal Pradesh) Located across the border of Jammu and Kashmir and towards the west of Ladakh turns out to be the only district in the northen India  to prevent well documented history from CIRCA 500 AD. Its high mountain Ranges has given it the sheltered position and helped in preserving its century old relics and numerous inscriptions.

Chamba is famous for its vivid culture and festivals. Local festival celebrated here is the ‘Minjar festival’ .This festival is the form of showing their happiness after a hard toil of harvesting the Maize crop which is the major crop grown in the region.

'Miniature painting'

Noted for its Miniature ‘Pahari painting’ Chamba is also evident in the embroidered motifs on the ancient fabrics. Romantic ambience of the monsoon season of the Chamba district has also been painted in Basholi colours which are displayed in the museums at Chamba, Shimla  and Dharamshala.  

Painting with Needle and Thread

Chamba is an important centre for the making traditional handicrafts.

Famous for the form of temples, sculptures, Bronze and wooden carvings, Chamba has a long tradition of embroidered garments.  A unique embroidered garment is the ‘Chamba Rumal’.

Miniature Magic:

Chamba Rumal

Created on handspun cloth with coloured,untwisted silk floss, women in Chamba use ‘Do rukha stitch’ which creates same pattern on both side of the fabric. These women are good with their fingers and needle; running through the embroidery like a sap in a tree. These creations revealed an ancient memory that came alive. The landscape of the chamba would add to the ambience. The figures of the chamba Rumal bear a striking resemblance to those of ‘Pahari Miniature paintings and the themes are also similar. Most of the common themes are that ‘Raasleela of Shri Krishna’, ‘Ashta Nayika’, ‘Dashavtars of Lord Vishnu’.

How to reach Chamba:

Nearest airport and railway station is Pathankot. Cities Neighbouring  Chamba are Dalhousie, Shimla, Manali, Dharamshala, Khajjiar, Amritsar.

What to See:
Laxminarayan temple, Chamera Dam, Bhuri Singh Museum, Manimahesh lake, Sui Mata Temple(Local deity).

  

Pics Credit- Google

India’s Sea lions-The Few The Fearless.

While we all  go awe about the three fighter Forces, Army, Navy and air Force, there is this force which takes the Danger one step ahead. They enter a field feared by the bravest of the soul. MARCOS, the deadliest special forces were raised as the Indian Marine special  Forces in 1985, which later got  named as Indian Marine Commando Force(MARCOS).

MARCOS, INDIA

Marcos is famous amongst People in the form of Pizza Zone; But very few people are aware that This Is the special force unit of Indian Navy created for conducting special operation such as Amphibious Warfare, close quarter combat counter-terrorism etc. These are specially trained, equipped and organised for the conduct of special operations in a maritime environment.

MARCO is regarded as one of the toughest WAR courses in the world. Getting selected in the MARCO-Training  is itself a difficult task. MARCOS are the handful of the special forces from around the world that are capable of being Para dropped into the sea with the combat load. Marine commandos are the tough nut to crack, These have the capability to top the US Navy SEAL course with ease which is considered as the toughest unbeatable force in the world because they are primarily trained along the pattern of US Navy SEAL.The best part about their training  regime is the high motivation and emotional balance which they build .

During the Kargil War, the MARCOS were tasked to undertake covert operations behind the enemy lines. During the Mumbai attacks in 2008, they stormed the Oberoi Trident and Taj Hotels where the terrorists were killed.

MARCOS are the only special force after US Navy SEALs that can fight in water bodies with full fledged weaponry.

 

  

Source: Indiatimes.com

Pics Credit: Indiatimes.com

Look what success has to tell you!!!

 



He(Random person) created Several routes,

In the process of his indecisiveness,

This made all the scatterd thoughts seem clean,

Despite of all his mess.

The path he chose to run on,

May not seem right at this time..

But, wherever this route goes..

He will still dance to the tune of his dreams and take life as his Rhyme....

He dare to choose a destination, despite whatever his destiny could be,

There will also be a time with no indecisiveness....

Where, he is nothing else but 'ME'

 

Inspired by Sanil Sanchar 
Dark side of the Light. 

DemonitiZation and Re-introDuction Nov 2016!!

Now every Individual will make a Difference

Rs.500 and Rs.1000 not a legal Tender any more

Even if Narendra modi has shocked the nation on 8 November, 2016 by declaring demonitisation of INR 500 and INR 1000. But this step by the prime minister is not a new step taken in the the Indian economy. India has pulled select denominations twice before.

First demonitisation was  when Rs.1000, Rs.5000 and Rs.10,000 was taken out of circulation in January 1946.Demonitisation was again taken a  turn during the tenure of Morarji Desai in January 1978.According to the RBI data, Highest denominated notes ever printed were of Rs.10,000 in the year 1938 and Year 1954 which got out of circulation in the demonitisation strategy of the year 1946 and year 1978.

Rs. 1000 note made a comeback  in november 2000 and Rs.500 was introduced in october 1987.

However, this is the first time that the new currency note of Rs.2000 is introduced.

Talking about the impact of this demonitisation on the indian economy

Even in 21st century ,also rural areas getting covered within the ambit of banking network, Online banking getting stalked, Money laundreing( oldest form of the business is still in effect in many areas)generating money which is unaware to the main stream running economy. This amount was actually in circulation leading to the increase in demand with no corresponding increase in the Production leading to Inflationary state.

Though, Raghuram Rajan's tenure has stabilised the inflationary state,Action taken by the Indian government on 8th November, 2016 will either compel people to destroy  or Deposit the unaccounted money which could affect the economy.

No matter, if they found way to make their money legal or not, they have to pull out all the money that is not under the account of indian government. As the Circulation of the money will be reduced, The inflation rate will also come down. This is called as deflation.

Even if there is a down turn to it, sooner or later it will get  balanced out. This could be the reason why higher denominated rupee is been introduced.

Specimen of New notes soon to get circulated.

Although many people are of the view that introduction of Higher denominated rupee would act as a Reset Button in generation of Black money, as it will get easier  to hoard the cash utilising half the space.

However, In the RBI and finance ministry Press conference economic affairs, secretary Shaktikanta Das carefully noted that the central bank would cautiously 'Monitor and regulate the issuance of Rs.2000 notes in the future'. This means its unlikely that the Rs.2000 notes will be issued in large numbers. More details on this are awaited.

MakeMyTrip and Goibibo agreed to merge in stock transaction!!

MakeMyTrip.com was founded in the year 2000 by Deep Karla, an alumnus of Indian Institute of Management ,Ahmedabad. MMT was launched in the US market to cater the overseas indian community for their US-to-India travel needs. MMT started its Indian operations in september 2005.

On 13 August, 2010 MMT got listed on NASDAQ and went public in the US market.

MMT chairman and CEO Deep Karla's mission statement -"Passion for winning goes beyond merely chasing targets and achieving them. Its the Zest and zeal with which one goes about the achievement. its not only about winning, its about dominating" 

 

Online travel firm MakeMyTrip will acquire rival ibibo in an equity deal that will create one of the leading travel groups in india. In an interview with CNBC-TV18, Deep Karla told ; The objective of the merger is to bring the offline segments of the travel market online. It will be the largest acquisition of MMT since it was founded in 2000.

South Africa's Naspers and china's tencent holdings are selling ibibo group to MakeMyTrip in an exchange for an issuance of new shares by MMT. Upon closing of the transaction, MMT will own 100% of the ibibo group. the transaction is expected to get close by the end of December and is subject to approval by the shareholders. Shares of the loss making company soared by 46% to $29.75 on 18 october, 2016.

Ctrip.com international Ltd. wil have 10% stake in the combined entity as the 5 year convertible notes issued bby MMT to ctrip.com International ltd will also be converted into common equity stock.

The combined entity will bring together a consumer travel brands including MMT, Goibibo, redbus, Ryde, Gostays, Value+ and rightstay together under one group.

On Financial  and feasibilty Fronts:

The company has been posting quarterly loss in 8 of the last 13 quarters. NASDAQ Critcs say,'MMT is now a dinosaur age internet company and is reasonably expected to perform consistently, if not profitably. Revenues of the company, though are consistently on the rise, Service cost has been increasing year on year. So what explains these losses?

We have been investing to grow hotels and packages business organically by making investments in mobile and marketing as well as in our international hotel business, Says Magow the co-founder.

Airticketing business has suffered a major hit since december 2012 as the kingfisher airlines went down, Domestic airlines lowered commision on OTA, supreme court banned transaction fees, Margins in air ticket got grossly affected. Since the market in the air business were very low, they had to build the hotels and packages business. Currently its H&P segment is contributing to almost 50% revenue.

But the problem was that, the company is not the only player looking at this segment. the biggest acquisition done for Goibibo- Ashish Kashyap, CEO said that, the company is 2.5 times bigger than MMT in terms of volume booking and 5-6 times bigger than Yatra.com

Yatra, a rival OTA had acquired hotels aggregator Travelguru in 2012 to increase their foothead in the H&P space, which again proves that this acqusition could be the profitable  for the company as it has moved a step ahead of its rival making it the biggest aqcuistion in travel world

The founders say that the company is heavily investing in the hiring senior talents and technology to make the leap to the next phase. MMT announced that it would be investing in startups  in travel tech world. It has embarked on a series of the acquisition since january 2014 including companies Easytobook, HolidayIQ etc. Philosophy behind it is, startups will pick one problem and they will focus on it completely, so their chance of succeeding are simply higher.

Still, Acuisitions have not worked out as the company remains unprofitable and the stock prices has also been collapsing. Company has to fix its operating cost problems. head high on what results will this merger give for the fiscal year ending March 2017.

Income Declaration Scheme-2016

Amidst Country creating a ‘Clean India Movement’ Revolution, Income disclosure Scheme(IDS), a four month long window compliance allowed Tax Evaders to come clean their black stuff. Sources say; More than 64000 people declared  hidden assets worth around Rs.65,250 under (IDS).

The scheme came in to force on 1 June 2016 and became an opportunity for the people who didn’t disclose income in the past or evaded their taxes. Under the scheme, such person can declare the undisclosed income and pay tax, surcharge and penalty on the declared undisclosed income.The person making declaration under the scheme will have to pay income tax at the rate of 30% of the value declared plus surcharge 25% there on in addition to 25% penalty on the tax computed based on the above declaration which in totality amounts to 45% of the tax rate.

Finance Minister Arun Jaitly reported that 64,275 people revealed assets under the IDS. He further mentioned that this figure may slightly go up once the department is done with the final verification.

The biggest advantage of the scheme is that once assesse declares income under this, they will get immunity from penalty or prosecution proceedings under the income-tax act,1961. As per Section 271(1)(c) the tax payer shall be liable to pay penalty which could be 100%-300% of the tax evaded or sought to be evaded by concealing his income of furnishing inaccurate particulars of income. Which is then amended in the union Budget 2016 by proposing a new section 270A effective from 1st April 2017 in place of existing section 271. The new provisions proposed that penalty may be levied on under-reported income at the rate of 50% of the tax payable and 200% of the tax payable on mis-reported.

In case of company, firm, local authority, the tax payable on under-reported income shall be calculated as if such income is the total income. And in case of Individual and HUF tax rate would be 30%.

IDS would prove beneficial for those opting for it, as it would reduce tax and penalty burden along with prosecution proceedings. It also proved a win-win situation, as the government will earn about Rs. 30,000 crore from income taxes which is more than two third of the total budget of Rest. 38,500 crore kept aside for the Rural job guarantee scheme MGNERGA. Jaitley said, that most of those who availed the scheme were not small traders but “ people with significant resources”.

Even if good response has been received, yet the complete objective of the black money act has not been acheived. Still we can say, a good start off with an eye on the black money in the ocean where half of the market runs on parallel economy.

Source- www.moneycontrol.com