Wednesday, February 27, 2013

Reverse the Startup Tax Please!

Reverse

The Finance Act 2012 brought in an amendment to tax the share premium which is above the fair value of investment by the resident angel investors and not proven satisfactorily to the tax assessing officer. ?This amendment is effective 1 April 2013, please reverse it Mr. Finance Minister!

The fledgling Indian startup ecosystem has now started to thrive on the early stage investments by the angels, who invest based on startups creating value. Startup tax is anti entrepreneurship.

World-wide providing tax breaks to startups has helped the economies grow and create jobs. ?What would help is:

  • New businesses could write off Rs. 5 lakhs in startup costs
  • Startups can write off new capital investment upto Rs. 10 lakhs
  • Angel investors who invest into startups over the next 5 years, be exempted from capital gains tax, if reinvested in another startup.

Understandable Taxes!

Mr. Finance Minister, you have been planning on clarity on double taxes (service tax + VAT) on software and software products for a while now. ?Can you prioritize that please? ?If knowledge economy is one of India?s strength, can you please help make it more robust with taxes which are rationalized? And now?

Reduce the confusion and be less litigious. ?How about that for a change?

GAAR, domestic transfer pricing, reclassification of equity into loan based on valuations, is adding confusion. ?Mr. Finance Minister, unpredictable tax/rules is now becoming the number one risk of investing in India. Is it a lot to ask for the tax department to make up their mind on what rules they want to play, codify and then stick with it?

The new age entrepreneur is ambitious and wants to win global bets. The least to do is enable them!

Starting and doing business in India has never been easy and it is forcing the Indian entrepreneur to find eco-systems which are friendly. ?Unless some quick steps are taken, the startup guys would have just migrated and started value creating entities outside India, and India would continue to remain a development centre with marginal benefits of cost plus models.

Women Entrepreneurship!

If 50% of population is women, wouldn?t it be nice if there is a fair representation of women in business? Statistically, women face obstacles of external finance and being stereo-typed. ?She starts less ambitious with small resources and little finances. ?But she creates a deep societal impact. Easily available finance schemes that which is not obtuse and not hard-to-figure-out will go a long way!

About the author:

Sharda Balaji, founder NovoJuris. She can be reached @shardabalaji

Tuesday, February 26, 2013

Chinese transport "workhorses" extending military's reach

HONG KONG (Reuters) - China is expanding its long-neglected fleet of supply ships and heavy-lift aircraft, bolstering its military prowess in support of missions to enforce claims over disputed territory and to defend Chinese interests abroad.

These transport workhorses are unlikely to arouse the same regional unease as the steady rollout of high performance fighters, long-range missiles or potent warships, but they are a crucial element of the People's Liberation Army's (PLA) three-decade military build-up, defense analysts say.

Over time, the air and sea support will give the world's second-largest navy greater geographical reach and will enhance the PLA's capacity to assist troops on distant battlefields, potentially including Taiwan if Beijing were to launch a military assault to take control of the self-governing island.

China's state-owned shipyards last year launched two 23,000-tonne type 903 replenishment ships, according to reports and photographs published on Chinese military affairs websites and blogs, with further orders in the pipeline.

Defense analysts say the state-of-the-art ships are undergoing sea trials and should be commissioned into the Chinese navy later this year.

China also confirmed last month that the PLA had conducted the first test flight of its Y-20 heavy lift aircraft from the Yanliang airbase near Xi'an in Shaanxi Province.

State-run television showed footage of the four-engine Y-20, the biggest aircraft built in China, taking off and landing. The Y-20, built by AVIC Xi'an Aircraft Industry (Group) Co Ltd, would have a 66-tonne payload, according to official media reports.

AMBITIOUS GLOBAL POWER

The impending delivery of these support ships and aircraft is further evidence China intends to become a more ambitious global military power in a decisive break with its traditional security priorities of expanding or defending its extensive land borders.

"They are beginning to develop their capacity for power projection, there is no question about that," says Li Nan, an expert on the Chinese military and a professor at the U.S. Naval War College in Newport, Rhode Island.

Steep increases in military outlays over three decades have allowed China to build an advanced navy that now ranks second to the United States fleet in terms of raw numbers.

The Chinese navy now has about 80 major surface warships including its first aircraft carrier, the Liaoning. It also deploys more than 50 submarines, about 50 landing ships and more than 80 missile attack boats, according to Pentagon estimates of PLA military strength.

However, construction of support and replenishment vessels in Chinese shipyards has lagged far behind the output of combatants.

China has only five major supply ships to support a fleet that is conducting increasingly intense patrolling and exercises around disputed territory in the South China Sea and East China Sea.

These vessels are also called upon to support the Chinese navy on a growing number of deployments far into the Indian and Pacific oceans.

By comparison, the U.S. navy has 34 big replenishment ships to support about 140 major surface warships, according to Pentagon figures.

The Chinese navy's extended missions include regular deployments of naval task forces to the Gulf of Aden and waters off the horn of Africa as part of United Nations authorized anti-piracy operations.

LOGISTICS CAPACITY STRETCHED

These operations have stretched the logistics capacity of the China's navy with its three most capable supply ships on almost permanent duty, according to details of the deployments announced by the Chinese military.

However, these deployments have provided an opportunity for the ships and crews to practice and refine the ongoing resupply of warships, highly skilled maneuvers that are essential to keeping warships at sea for long periods, naval experts say.

China's defense ministry said that the frigate Mianyang, destroyer Harbin and the supply ship Weishanhu sailed on February 16 from Qingdao on the 14th of these anti-piracy deployments.

While extra supply ships will extend the range and endurance of Chinese fleets, Beijing's strategic objectives still remain relatively limited outside the nearby seas where it is locked in territorial disputes with some of its neighbors.

"They are focusing on securing sea lanes, counter piracy and evacuating Chinese nationals in times of crisis," says Li.

China's expanding military transport capability is unlikely to have an immediate impact on its tense standoff with Japan over disputed islands in the East China Sea that are close to logistics bases on the Chinese mainland, naval analysts say.

"Support ships will not change the nature of operations in the East China Sea but will have an impact on the ability of the Chinese navy to conduct operations at sea, if the support ships are used to grow its professionalism and seamanship," says Alessio Patalano, a Japanese military expert at King's College in London.

LEANER, MOBILE FORCE

For China's top brass, the first test flight of the Y-20 was an important milestone as the PLA continues its transformation from a predominantly mass, ground army to a leaner, more mobile force.

"These aircraft are vital if you need to move a lot of people and a lot of equipment some place very, very fast," says Reuben Johnson, a Kiev-based military analyst and correspondent for Jane's Information Group, who has studied the Y-20 program.

Reports in the official Chinese media said the Y-20 could land and take off from restricted airstrips and had the capacity to carry most PLA combat and support vehicles.

Chinese military planners have drawn lessons from the importance of heavy-lift aircraft in recent U.S. and other Western military operations where the capacity to shift troops and supplies to distant battlefields or trouble spots has delivered an overwhelming advantage, military analysts say.

The U.S. military has a fleet of more than 300 heavy lift Galaxy and Globemaster aircraft in service along with more than 400 smaller-capacity transport aircraft.

Many of these aircraft can operate from short, uneven landing strips in remote and rugged terrain.

The PLA's air-lift capacity is much smaller. It currently operates about 20 Russian-built Il-76 transport aircraft. The Il-76 has a 50-tonne payload compared with the Globemaster's 77 tonnes and 118 tonnes for the Galaxy.

Additional Il-76 aircraft are reportedly on order from Russia but production bottlenecks are holding up deliveries, according to Russian military experts.

If China can introduce a sizeable fleet of Y-20 aircraft over the next decade, it will sharply enhance the PLA's capacity to land troops and equipment on distant battlefields.

Military experts say this capability would be particularly important in an invasion of Taiwan should Beijing decide to use force to establish control there.

Some analysts predict the Chinese military will order hundreds of Y-20s benefiting the group's listed unit, AVIC Aircraft Co Ltd, in coming decades if the aircraft can deliver acceptable performance.

They expect the PLA will also use the Y-20 as the basic airframe for its proposed fleet of in-flight refueling tankers and airborne early warning aircraft.

(Editing by Ken Wills)

Source: http://news.yahoo.com/chinese-transport-workhorses-extending-militarys-reach-211722086.html

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Monday, February 25, 2013

Urijah Faber and Court McGee take UFC 157 wins

ANAHEIM, Calif. -- Urijah Faber and Court McGee got back on the winning track at UFC 157 on Saturday.

Faber got a first-round submission win over Ivan Menjivar. Faber and Menjivar started the fight with a rolling takedown and Faber ended up on top. He worked the top position until Menjivar got back to his feet. Faber held on, and while attached to Menjivar's back, Faber swung around and sunk in a rear naked choke. Menjivar tapped at 4:34 in the first round. The Anaheim crowd erupted for "The California Kid."

It was an important win for Faber after he lost a title fight to Renan Barao in July. The win puts him at 27-6, with five of his losses coming in title fights.

[Also: Ronda Rousey survives UFC debut, wins via first-round arm bar]

In earlier action, Court McGee punched his way to a decision win over Josh Neer. McGee used an effective strategy early on of working Josh Neer's body. Throughout the first round, Neer was hobbled by McGee's body punches. But in the second, McGee worked more on headshots. Though it wasn't as effective, McGee outstruck Neer. In the final round, McGee worked the ground game and controlled Neer while still leading on strikes. All three judges saw it 30-27 for McGee.

It was McGee's first fight at welterweight.

?I felt great at 170 lbs. This was a great move for me. I felt stronger, faster and had a lot more gas. I was told by FightMetric that I broke the record for most significant strikes ever in a welterweight fight and feel great. I could have stopped it, maybe, early with body shots but I was glad I put on a good performance.?

After the win, McGee's record is 15-3. Though he won "The Ultimate Fighter," he also lost two fights in 2012.

Other popular content on Yahoo! Sports:
? Watch: Floyd Mayweather's college football betting secret
? Michael Jordan gets minor league offer
? Alex Smith on the trading block in Indy
? Wake Forest knocks off No. 2 Miami

Source: http://sports.yahoo.com/blogs/mma-cagewriter/urijah-faber-court-mcgee-ufc-157-wins-042110004--mma.html

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Red Frog Blog ? Blog Archive ? What Is Search Engine Optimization?

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In point of reality, search engine optimization is one of the most critical concepts when it comes to the advertising and promotion of an Net internet site or a business existing on the Planet Wide Web. If you have spent any time at all on the Internet, you understand the truth that various search engines are extensively utilised by folks who access the Globe Wide Net. By typing in a particular set of search terms into a search engine, a person is provided with a listing of web site resources that are intended to be connected to the terms that have been becoming searched.

Understanding the basics of how a search engine operates, you comprehend that in numerous instances a prospective customer is drawn to your company website as a outcome of using a search engine service on the Net and Globe Wide Net. Of course, people getting individuals, the common person tends to only pay interest to those websites that come in at the leading spaces of a specific search engine search. Consequently, these internet sites that come in towards the top of a distinct search are the exact same websites that are much more frequently visited. (This is a particular critical reality for an Web primarily based business.) view site

The positive aspects to having your enterprise listed at the prime of numerous search engine final results typically translates into a significant increase in visitors and revenue enjoyed by your organization operation. For that reason, even if you discover that you are spending some money to guarantee a greater search engine ranking, the income you commit will be money well spent in the vast majority of situations. Really, funds spent on rising your search engine ranking, income spent on Search engine marketing, oftentimes translates into bein a true investment in the economic future of your enterprise enterprise. Indeed, such an investment might mean the distinct in between your company displaying a profit and your business not receiving off of the ground. It may possibly mean the difference between achievement and failure.

Source: http://www.getyourfrogon.com/blog/?p=3555

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UK cardinal contests 'inappropriate' acts claims

LONDON (AP) ? The Vatican is looking into allegations of "inappropriate behavior" by Cardinal Keith O'Brien, Britain's most senior Catholic cleric, officials said Sunday. The claims came at a sensitive time, as O'Brien and other cardinals prepare for a conclave to choose the next pope.

O'Brien, who heads the Roman Catholic Church in Scotland, was taking advice from lawyers after British newspaper The Observer reported that three priests and a former priest have filed complaints to the Vatican alleging that the cardinal approached them in an inappropriate manner.

The paper did not cite the names of the priests, but it said their allegations date back to the 1980s.

"Cardinal O'Brien contests these claims and is taking legal advice," Peter Kearney, a spokesman for the Scottish Catholic Church, said. He declined to comment further.

A Vatican spokesman, the Rev. Federico Lombardi, said the complaints had been channeled through the office of the papal nuncio ? the Vatican's ambassador ? in London. "The pope has been informed, and the question is in his hands," Lombardi said.

In the coming weeks, O'Brien, 74, is expected to join a conclave of cardinals at the Vatican to elect the next pontiff, following the resignation of Pope Benedict XVI. Benedict announced earlier this month that he will step down on Thursday ? the first pope to resign in some 600 years.

O'Brien has not been the only cardinal to become embroiled in negative news as the papal election approaches. Across the Atlantic, thousands of people have signed a petition to keep California Cardinal Roger Mahony from the conclave because of revelations he had shielded sexually abusive priests.

Mahony has made it clear he will attend the gathering and that no one can force him to recuse himself.

In comments on the papacy made to the BBC on Friday, O'Brien said the next pope would be free to consider changing church policy on issues that were not "basic dogmatic beliefs." He said he believed that the requirement for priestly celibacy is not "of divine origin" and could be reconsidered.

O'Brien also said it was time to think seriously about having a pope from outside Europe. He said he would be "open to a pope from anywhere if I thought it was the right man, whether it was Europe or Asia or Africa or wherever."

The cardinal is due to retire when he turns 75 in March.

Source: http://news.yahoo.com/uk-cardinal-contests-inappropriate-acts-claims-145358681.html

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Thursday, February 21, 2013

Jazz pianist Ahmad Jamal specifies Bose loudspeakers for London gig

The American jazz pianist-composer Ahmad Jamal has insisted on a full Bose RoomMatch system being installed especially for his sell-out concert at the Barbican Centre in London.

Ahmad Jamal concert at the Barbican

Considering his four piece ensemble ?an orchestra?, Jamal wanted a system that would deliver the most lifelike venue-filling sound to every member of the audience.

Audio design engineers worked alongside Ahmad Jamal?s production team to design a system specifically for the Barbican venue, with Bose RoomMatch arrays positioned to each side of the stage, and a central cardioid steered bass cluster in the centre.

Two ground stacked arrays consisting of modules and subs provided in-fill, and the whole system was powered with PowerMatch amplification.

The stage also featured on stage monitors ? one Bose L1 Model II with B2 bass for each of the four musicians.

Source: http://www.avinteractive.com/news/46324/bose-ahmad-jamal

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Tuesday, February 19, 2013

Everything You Need To Know About Auto Insurance | Jim ...

Mistakes Are Costing You! Learn To Stop?Making ALL 189 Of Them!

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Posted by Administrator on Feb 18, 2013 in Uncategorized | Comments Off

Buying the right insurance for your car is essential to prevent financial difficulties when an accident occurs. The article below will describe how to ask the right questions from your broker or agent, what coverage to buy and how to avoid duplicate coverage. Read the article and ask the right questions from your insurance professional.

Try to keep a good driving records. Having tickets or accidents on your driving record can raise your rates on your insurance policy. There are times when you can?t avoid the accident or ticket, so you should check out traffic school to see if this will help clean your record and make your insurance premiums lower.

Getting married, especially if you are an under-25 male driver, can save you a significant amount on your car insurance. There are people that have found they saved almost 40% on their insurance after getting married. If there is a significant other in your life, walking them down the aisle might walk down your insurance premiums.

TIP! Don?t sign up without doing your research if your insurer offers you used parts to fulfill your warranty. The majority of auto manufacturers and repair shops provide a warranty on their work.

Don?t overlook the option of having a lower premium by choosing a higher deductible. Raising the price of the deductible on your policy has the largest influence on the cost of your insurance. Of course, you will be held responsible for paying the deductible if you are involved in an accident. To cover the cost of that accident, having an emergency fund in place will be helpful.

It might be a good idea to remove car rental coverage, if it is part of your insurance policy. You probably never use it, even though you pay for it. If you?re trying to cut back the amount you have to pay, it may be worth removing it. Just remember that you won?t have that option should you actually need it.

TIP! Keeping your license clean is crucial when it comes to how much you pay for insurance. When accidents and tickets are on your driving record, your insurance costs can go through the roof.

To get the cheapest insurance rate, list all the safety features of your car. You will find that safety features like air bags and alarms will get you a better rate on your insurance bill because of their ability to reduce future claims. Even after-market safety features help to reduce your insurance policy cost.

The best thing you can do to to keep your car insurance payments low is to maintain a spotless driving record. Nothing sends your insurance payments skyrocketing as rapidly as a driving accident. If you are at risk of getting in an accident try to avoid the situation. For example, if you have trouble with your vision at night, avoid driving after daylight hours.

When your claim is less that $25,000 you should try to settle it without the assistance of lawyers. It is important to simply work with claims adjusters to settle on an agreement. Often, the cost of an attorney excedes what he or she might save you in court.

TIP! In most states you are required to have a liability insurance in order to get your car on the road. All citizens should know how much insurance coverage is necessary in your state.

Only insure those drivers who actually use your car. This can help keep you from paying too much for auto insurance. Your premium will be reduced if you remove drivers from your policy. Since driver under 25 pay higher rates, you can lower your monthly insurance premium by removing young drivers from your policy.

Get rates from many different insurance companies before you select the right one for your automobile. You may have to search for the ideal rate.

Keep on file all records of all insurance bills you paid. This is great if you ever run into any problems with your insurance provider as you now have physical proof.

TIP! If you want lower car insurance premiums, think about raising the deductibles of the policy. Because people with higher deductibles typically file fewer claims, insurance companies typically charge less for customers who maintain a high deductible.

When you are considering car insurance quotes, the amount of your annual premium will cost is just a minimal part of the factors you need to consider. You also need to familiarize yourself with the details of a policy, such as the amount of the deductible, the coverage levels and the limitations of any benefits.

Coverage on policies can vary; therefore, it is important to understand what coverage is included in your policy. There are coverages for a wide array of insurance needs. In order to get other types of coverage, including collision and comprehensive, you need to actively request them. Make sure the coverage you are paying for covers what you need it to cover.

Usually, you will end up paying a larger amount than someone who has a clean record. Some insurance companies even help drivers who have a few bad records get a good rate.

TIP! By choosing the deductible that is the highest amount, your premium will be the lowest it can be. A higher deductible means you will have to cover the cost of minor accidents, but you will still be covered in the event of a total loss or if you cause an accident.

Car insurance can save your life in the event of an accident. Choosing the right coverage is important, as a crash can ruin your life if you can?t pay the associated costs. Use the helpful information you learned here to help you obtain the coverage that is right for you.

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Source: http://leucabiz.com/blog/everything-you-need-to-know-about-auto-insurance-2/

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