Saturday, 7 January 2017

November 2016 - Business and Economy news

Ø  Aimed Audience – General news readers, CA students

         16 of 22 public sector banks skipped paying dividends to Government in 2015-16 due to mounting NPA
         New GST law requires, E-commerce giants Flipkart and Snapdeal will have to deduct 2% TCS while making payments to their suppliers
         Airtel launched India's First Payments Bank services (in name of Airtel Payment Bank Limited) in Rajasthan.
         Akodara village in Sabarkantha district of Gujarat became India's first digital village.
         PM Narendra Modi announced demonetization of currently circulated notes of 500 and 1000 denominations.
         Cabinet Committee on Economic Affairs (CCEA) hiked Minimum Support Price (MSP) of wheat and pulses to boost output of these rabi crops 
         Bank of America (BofA) lowered India’s economic growth estimates by 30 basis points to 7.1 % for the current fiscal after demonetization.
         Central Board of Direct Taxes (CBDT) signed 3 Bilateral Advance Pricing Agreements (APAs) with United Kingdom (UK), The total number of APAs signed [both- bilateral and unilateral] so far is 111 including this.
         Central Board of Excise and Customs (CBEC) extended duty drawback facility on all textile products for 1 year to boost exports.
         Competition Commission of India approved amalgamation of Bharatiya Mahila Bank (BMB) into State Bank of India (SBI).
         Central Board of Excise and Customs (CBEC) extended duty drawback facility on all textile products for 1 year to boost exports.
         GST Council finalised 4 tier Goods and Services Tax (GST) rate structure with a multiple-slab rates. GST will be levied at multiple rates ranging from 0% to 28%.
         Government allowed National Bank for Agriculture and Rural Development (NABARD) to disburse Rs 21,000 crore to help farmers to sow Rabi crops.
         Government announced that it will present Union Budget 2017 - 18 on February 1 .
         Government has set up target of increasing LPG coverage to 75% by 2019.
         Gross non-performing assets (NPAs) of Public sector banks (PSBs) rose to 6,30,323 crore as against 5,50,346 crore in June 2016, showing 14.5 % increase in a quarter.
         India’s GDP grew at 7.3% in 2nd quarter of 2016-17. 
         India’s first banking robot Lakshmi launched by Kumbakonam-based City Union Bank (CUB) in Chennai (Tamil Nadu). Lakshmi will be first on-site huamanoid (robot) in India.
         National Highways Authority of India (NHAI) reduced rate of interest for long term Capital Gain Tax Exemption Bonds (u/s 54EC of Income Tax Act 1961) to 5.25%, from 6
         PM Narendra Modi launched Pradhan Mantri Gramin Awas Yojana (PMAY-G), flagship housing for all scheme Under PMAY-G, Government aims to provide affordable and safe houses to every rural household living below poverty line by 2022..
         Taxation Laws (Second Amendment) Bill 2016 passed in Lok Sabha. Scheme namely Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana 2016 proposed in the Bill, That allows people to deposit undisclosed money in their accounts till April 1, 2017.




Takeaways from the Coursera course “Learning how to learn”

   Learning is a lifelong pursuit. An attempt has been made to track the key points from a Coursera course “Learning how to learn” taught by Barbara Oakley, Terrence Sejnowski, Becca judd. The inputs from the course do make an impact on learning to make it more scientific.

Week 1

·   There are two modes of thinking namely

o   Focused mode
o   Diffused mode

  In the focused mode, it is difficult to form neural patterns but in the diffused it is easier to form neural patterns and hence easy to create new ideas. Ideas form through creation of neural pattern in our brain.
  
  Focused mode would be used in a problem solving exercise involving sequential steps, where each steps deliberately leads to subsequent steps.

  Diffused mode involves intuitive linking of seemingly different ideas. Simply, diffused mode of thinking is a place for creativity.

   After a relaxed sleep, diffused mode would be on.

·   Metaphors are powerful techniques to remember things.

·   Using Pomodoro technique one can overcome the habit of procrastination. In Pomodoro technique, one is required to put a concentrated effort for a spell of 25 Minutes, followed by a break.

( Android app on playstore :

Pomodoro App 1

· The more abstract a thing is, the more one needs to practice. Abstract things tend to go off memory easily.

·   After learning go into diffuse mode so that it can settle well.

·   There are two types of memory namely

o Long term memory – This involves activities like recollecting your mother tongue, childhood memory etc...

o Working memory – Holding few ideas in mind to understand a concept, working memory would be in operation.

·   Working memory can hold only four chunks of information during its operation since it has only four slots. Repeating what you learn can help you to absorb all chunks of information in one slot so that the other slots would become free to absorb more.

·   Long term memory is like a storage warehouse. You can store “n” number of items. But you need to revisit frequently to ensure it stays.

·   Practicing 10 times spread over several days is more effective than practicing 10 times in a single day.

·   Sleeping entrenches the concepts you learnt, rehearses understanding and tidies up ideas.

·  Revising what you learnt before sleeping increases the chances of dreaming about it and dreaming about the stuff enhances the understanding of the concept.

· Enriched environment, interacting with new people gives birth new neurons during adulthood.Physical exercise also gives rise to new neurons. Success comes by passion and persistence and not by smartness. -Dr. Sejnowski, Co-instructor of the course.

·   Polyglot Benny Lewis used the following strategy while learning new languages – Learning 6 days and taking 1 full day off and studying 4 weeks and taking 1 full week off.

·  Dr. Bildert says being disagreeable and open to new achievements as symptoms for greater achievement.

Week 2

· When you are stressed you lose your ability to make neural connections, thereby ability to understand things and respond to stimulus.

· Just because you see a concept , understand a concept it doesn’t mean you have actually understood a concept. Contextual understanding – when to use and when not to use - is important.

·  Forming chunks is an effective way of learning. Break the large concept you want to learn into small chunks of information and accommodate in your working memory.

·   Recalling on your own is the right strategy. Revising  from the book just gives the illusion as if you have retained something in your memory.

·   Better practiced you are on a subject, the better is the scope for creativity. ( As how an artist improvises kalpana swaras based on the better understanding of a raga)

·   Luck favours one, who tries.

·   Repeated reading in a single study session is wastage of time and energy.

·  Einstellung is a problem, where repeated practice of a particular way of solving a problem prevents new ideas that could give rise to solve the problem in a way that different from the usually done way. It blocks the pathways for creation of fresh ideas.

·   Interleaving can overcome the problem of Einstellung. In Interleaving, we would switch back and forth between different topics requiring different type of approaches. It also helps in creative new inter-disciplinary ideas. (In an art form like Carnatic too, practicing different ragas in a single practice session would be productive)


Week 3

·   Pay attention to the process of learning rather than the product. Set targets based on process – Eg: I will have to concentrate on learning the next 25 minutes. I won't mind about the end result. Challenge yourself not to mind about the result.

·   People normally  tend to procrastinate out of some cues like responding to text messages while studying, surfing on the internet. Pre-empt such cues by activities like switching off your mobile, putting yourself in a disciplined environment like library etc…

·   A routine of irregularity would beget further irregularity. On the other hand, a routine of being regular would let us being regular in attending our duties. (Remember, Success begets Success)

·  Have a group of studymates, who could encourage you in the process. It would provide a source of inspiration. (Remember “Thaniyoruvan” movie. Actually a syndicate like that could be magically productive. But forming one such association is extremely difficult.)

·   Prepare a weekly list of key tasks at the last day of the previous week.

·   Prepare a daily list of key tasks at the end of the previous  day.

·   Review your weekly list and daily list regularly.

·   Plan your quit time for every day.

·  Challenge yourself with small chunks of the larger thing you want to learn. Not chunking into  smaller chunks would normally obstruct our vision from forming a proper plan.

·    Empirically those who have healthy leisure time outperform those who work on their tasks          restively.

·   Finish off your most disliked task in the morning, when you are fresh.

·   Memory palace technique

    Associating the items to be memorized to specific objects in your mental memory palace.
   
   Read more about it @ https://litemind.com/memory-palace/

·   Your childlike creativity is still inside you. You have to just reach-out to it.

·   Broaden your passions. Don’t restrict yourself to limited things.

Week 4

·   Physical exercises enhance learning like nothing.

·   Some are inherently given with smaller working memory. The up-side of this is they would have better creativity than their counter-parts with greater working memory.

·   Perseverance is the  virtue of less brilliant – Nobel laureate Santiago Ramon y Cajal.

·   Santiago Ramon y Cajal was imprisoned when he was 11 for breaking his neighbour's yard gate. 


·   Changing your thinking in positive ways can alter the inherent deficiencies in your brain.

· Take responsibility for your own learning. Rarely people learn by someone explaining the concept to them.

·   By team work during your study time, you can catch up where you go wrong in your study strategy.
·   In test, start with the toughest problem. But have the courage to steer away and pursue a lighter problem if you think you are moving in wrong. Again pick the tough problem which you left half-way after finishing the lighter problem. Make a progress. Doing this way, switches on diffuse mode and gives room for creative thinking

·   Ways to feel de-stressed during the test.

o Think this test has got to bring the best out of me.

o Deep breathing exercise helps a lot.

o Have alternative career plans.

·   Often you may be convinced that you solved the problem right in a test. At such times, divert your attention for a while and check for errors.
            



Saturday, 26 November 2016

A Keeravani Playlist

Keeravani - Scale

S R2 G2 M1 P D1 N3 S

S N3 D1 P M1 G2 R2 S


  • Except for Madhyamam, all other notes are same as "Simhendra Madhyamam"

Compositions



1. Kaligi Yunte - Thyagaraja




2. Devi Neeye Thunai - Papanasam Sivan




3. Varamulosagi - Patnam Subramania Iyer



4.  Karunakarane Shivashankarane - Papanasam Sivan



5. Bhavaye Saarasanabam - Swati Tirunal (Here sung by one of my favourite artists :) )




6. Innamum Sandeha Padalaamo - Gopalakrishna Bharathi (Here sung by legendary Saathur AGS)




7. Chandrasekharam Aasraye - Dr.V.Raghavan


8.Paramacharyam -  Chidambaram Swarnavenkatesha Deekshithar


Friday, 25 November 2016

October 2016 - Business and Economy News

  • As per World Bank’s biannual economic update South Asia Economic Focus, India's GDP growth will remain 7.6 % in 2016 and 7.7 % in 2017.
  • International Monetary Fund (IMF) has forecast India’s GDP growth at 7.6 % for FY17 (2016-17 ) and FY18 (2017-18) in its World Economic Outlook (WEO) report.
  • As per BSE Data on Market Capitalization
    • TCS
    • Reliance Industries 
    • HDFC Bank
    • ITC Limited
    • ONGC
were ranked as the 1st, 2nd, 3rd,4th ,5th most valuable company respectively.
  • Finance Ministry has set up a Public Debt Management Cell (PDMC), with a view of streamlining government borrowings and better cash management for deepening bond markets. It has been planned to upgrade PDMC to Public Debt Management Agency (PDMA) in another 2 years.
  • Goods and Services Network (GSTN) and Director General of Foreign Trade (DGFT) signed a Memorandum of Understanding (MoU) for sharing of data on foreign exchange realisation and Import Export code data.
  • Government proposed 4 GST rate slabs for new indirect tax regime namely:
    • Standard GST rate of 18 %
    • 6 % - Costly items and necessary food items
    • 12 % - FMCG and Food Items
    • 26 % - Luxury Items
  • India's foreign exchange reserves reached a record new high of USD 371.99 billion
  • Incorporation of companies made simpler by MCA through introducing Simplified Proforma for Incorporating a Company Electronically (SPICe) e-Form-32, where Memorandum and Articles of Association need to be filed electronically,
  • Reserve Bank of India (RBI) permitted startups to raise external commercial borrowings (ECBs) of up to $3 million in a financial year for three year tenure.
  • Telecom Regulatory Authority of India (TRAI) recommended Department of Telecom (DoT) to impose penalty of 3,050 crore rupees on Bharti Airtel, Vodafone and Idea cellular,  for non-compliance of  licence conditions and service quality norms and high rate of call failures and congestion at interconnect points for Reliance Jio with ulterior motive of stifling competition 



September 2016 - Business and Economy News

  • 22nd Issue of Annual issue of India's External Debt has stated that India's External debt is currently US$ 485.6 billion at end of March 2016, increasing by US$ 10.6 billion over previous year.
  • Food and Consumer Affairs Ministry issued guidelines to regulate direct selling and multi-level marketing businesses to protect consumers from Ponzi frauds, titled Direct Selling Guidelines 2016 framework following SEBI notifying that it does not have purview to regulate ponzi schemes
  • Andhra Pradesh stood first among states in attracting industrial investments in 2015-16.
  • Reliance Communications (RCom) and Maxis Communications Berhad (MCB) signed a deal for the merger of wireless business of Aircel Limited with Reliance Communications (RCom). Merged entity will be country’s fourth-largest telecom company in terms of customers and revenue.
  • Bombay Stock Exchange (BSE) filed IPO papers with market regulator Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The move is first of its kind by any stock exchange in India.
  • Asian Development Bank (ADB) sanctions $631 million loan for India’s first coastal industrial corridor between Visakhapatnam (Vizag) and Chennai. 
  • Cabinet Committee on Economic Affairs (CCEA) approved winding up of Hindustan Diamond Company Private Limited (HDCPL)
  • Cabinet Committee on Economic Affairs approved ‘Project SAKSHAM’ as the  New Indirect Tax Network (Systems Integration) of the Central Board of Excise and Customs (CBEC). The total cost of the project would be 2256 crores, to be incurred over 7 years.
  • Central Board of Direct Taxes collected Rs. 65,250 crores as part of the Income Disclosure Scheme 2016.
  •  Goods & Services Tax (GST) Council decided to exempt businesses with annual turnover below 20 lakh out of GST net.
  • Government approved drought assistance of Rs. 1269 crore for Maharashtra.
  • formation of Goods and Services Tax (GST) Council and Creation of the GST Council Secretariat in New Delhi approved by Government
  • As a part of budget reforms, Government approves merger of Railway budget with General budget and removal Plan and non-plan expenditure bifurcation in the union budget.
  • Government approved simplification of Foreign Direct Investment (FDI) Policy 2016. Some prominent changes are:
    • FDI beyond 49% has been permitted through government approval route, in cases giving access to modern technology for the country or for other reasons.
    • Entities undertaking single brand retail trading have been relieved from local sourcing norms up to 3 years that were put earlier. Entities in single brand retail trading of products having ‘state-of-art and ‘cutting edge technology have been relieved from local sourcing norms up to 5 years.
  • Government approved to raise 31300 crores in FY 2016-17 to boost infrastructure spending.
  • Government notified constitution of Six Member Monetary Policy Committee (MPC) with
  • Government raised salary cap of beneficiaries to Rs.21,000 per month from Rs.15,000, to be eligible for Employees State Insurance (ESI).
  • Department of Commerce amends Merchandise Exports from India Scheme (MEIS) to give further  fillip to exports.
    • New products introduced under the ambit of MEIS to take the total coverage to 7103 item.
  • HDFC Bank named India’s most valuable brand by the BrandZ Top 50 list released by WPP Group.

Friday, 18 November 2016

Tat Tvam Asi


Whatsapp message shared with me in a group on 18/11/2016

Succint explanation for how Spirituality transcends Religiousity

கடவுளை
காண்பது
எப்படி???

ஓஷோவிடம்
ஒரு Super
Question,,,,,

காண்பது என்பது இங்கே தவறு.

கடவுள் ஏதோவொரு ஆசாமி என்பதைப் போன்று பதிப்பினை இது ஏற்படுத்துகின்றது. அவரை பார்க்க என்றொரு கருத்தை இது தருகின்றது

இதைப் போலத்தான் கடவுள் எனும் வார்த்தையும் இதுவும் கூட ஒரு நபரை குறிப்பதைப் போலத்தான் பயன்படுத்தப்படுகின்றது.

கடவுள் கிடையாது. இறைமை தான் உள்ளது. கடவுள் என்பவர் நபர் அல்ல அது சக்தி. எல்லையற்ற சமுத்திர அளவு சக்தி.

கடவுள் தன்னைத்தானே அனைத்து வடிகால்களாகவும் வெளிக்காட்டிக் கொள்ளும், எல்லைகளே இல்லாத முடிவற்ற பிரக்ஞை.

ஒரு படைப்பாளி,, என குறிக்கவல்ல தனியொரு நபர் கிடையாது கடவுள்.கடவுள் தான் படைப்பு. படைக்கும் திறன் வாழ்க்கை.

நான் எனும் அடையாளம் கரைந்து காணாமல் போய் விட்டால், முடிவற்ற, எல்லையற்ற, படைப்பாற்றல் மிக்கதொரு வாழ்க்கை விசை நமக்குள் அனுபவமாகின்றது. அதுவே கடவுள்.

நான்,, என்னும் திமிரின்சாவில் ஒருவன் கொள்ளும் அனுபவமே சாமியின் தரிசனமாகும்.

அதனுள் நீங்கள் இருப்பீர்கள். நீங்கள் தான் அது. பிரபஞ்சம். அனைத்தும் உங்களுக்குள்.இந்த அனுபவம் தான் "கடவுள் தரிசனம் "

கடவுளைப் பற்றிய என்ன காட்சியை நீங்கள் காண முடியும்?கடவுளுடன் ஒருவன் தனக்குள்ளேயே கலந்தாக வேண்டும்.

ஒரு நீர்த்துளி சமுத்திரத்தைப் பற்றி என்ன தரிசனத்தை பார்க்க முடியும்? ஆனால் அது தன் அடையாளத்தை இழந்து விட்டு சமுத்திரமாய் ஆகி விட முடியும்.

அதற்கும் சமுத்திரத்திற்கும் இடையே நிரப்ப முடியாத நீண்ட இடைவெளி இருக்கும். ஆனால் அது தனது அடையாளம் முழுவதையும் விட்டு விட்டு சமுத்திரத்தில் கரைந்து விட்டால், அதுவேதான் சமுத்திரம்.

கடவுளைத் தேடுகின்றீர்களா? கடவுளாய் எப்படி மாறுவது என்பதற்கான வழியை தேடுங்கள்.

இத் தேடுதலுக்கான பாதையும், சமுத்திரத்திலே கலக்க ஒரு நீர்த்துளி மேற்கொள்ளும் பாதையும் ஒன்றுதான்.

ஓஷோ
தியானத்தின் பாதை,,

Tuesday, 25 October 2016

Valli Nayakane- Shanmukapriya.

A less popular Harikesanallur Muthiah Bhagavathar's Composition "Valli Nayakane" in the Raga "Shanmukapriya" broadcasted in AIR.


Valli nayagane_Shanmukapriya.mp3


Another famous composition in Raga Shanmukhapriya by T.K.Bala sung by Trichur brothers. No words to describe the beauty in the Bhavam brought by these precocious people.