Money for Life? Or Life for Money? Apna Sapna Money Money

Friends I don’t know how many of you think so but I really do think so.

We humans have invented this money as an easier way for exchange of commodities not for sacrifice of happiness and joy from our life. In today’s competing world wait, rather confusing world I think we all are running for this money. We live for it & we live by it. We all, whether it is me or anyone have just one focus to earn money.

Why?  Why this money has got this importance?

Just because it can buy us anything we want?

Do you really feel so ?

·         Can money buy us the happiness?

·         Can money buy us the time?

·         Can money buy us our beloved ones?

No it can’t.

Today we humans are ready to sacrifice our interest and passion for the sake of money because we feel our passion doesn’t help in earning that much. But tell me one thing if we are doing the things we desire and if we are happy then why do we need this money?

Why don’t we earn less and enjoy our lives?

This world is just becoming a money world where everyone strives to earn it at any cost. We have many examples of people in our daily lives who are frustrated of their lives. If you ask them you will feel they are not happy with their work or something so why are they pursuing?

Just for money.

Please tell me, we earn money so that we can fulfill our basic needs so why we take every step of our life according to it.

If money is life then the richest person must be the happiest person and the poor one will be the poor in terms of happiness also.

Am I right with this?

NOOO…Even the richest people are not satisfied with their lives .Guys understand one thing there is no end of a human desires so be satisfied with what you have.

We always say that in the past there is not much tension, people have very easy life… Have you ever tried to find the answer for it?

NO..why?

Lame excuse..We don’t have the time for such things…so for what things do you have time?

Just Money..

If I have to talk about past…people believe in brotherhood love and these things are in priority than money but now who have the time for our beloved ones because we all running in a blind race for money and even the  winners are  not happy..

So I urge all of u that instead of running towards money, follow your passion interest because may be it will earn u less but it will earn you the smile and the happiness which is the most precious things of life.

So to live life king size, forget about money and follow your dreams and if you are really devoted to it, your dreams will earn you a lot.

SO EARN WITH FUN

Anuj Gupta

Writer at CA Connect

5 Facts that you should know about "Manglayan Mission"

INDIAN MAIDEN ATTEMPT TO RED SOIL

1. The Manglayan Mission

"Apki yatra mangalmay ho to hum sabne bohot suna h" par apki yatra mangal pe and mangal tak ho kbhi nai suna tha..!

Issi ko sach krne k lie INDIAN SPACE RESEARCH CENTER launched its "Mangalyaan Mission”

2. India Created History, but the hopes lie in Mystery

On 24 September:

• "INDIA became the first country in the world to have reached distant Mars on its own steam in first attempt and first Asian country to enter the Martian orbit"
• It took around 300 days to cover distance 670 million kilometers (420 million miles) to reach the "RED SOIL" and finally on 24 September 2014 INDIA in its maiden attempt was successful to create history.
• It is the biggest achievement for ISRO and all the Indians.
• The cheapest inter-planetary mission ever to be undertaken by the world as it is noted that “this mission cost lesser than Hollywood movie "GRAVITY" because we believe in our power not on wasting money"
• It cost 73 million US dollar (450 Crore) in comparison to 100 million dollar on Hollywood movie.

3. The Journey of history Begun from Bay of Bengal

India's Mars Orbiter Mission (MOM) a robotic mission weighing 1,350kg (2,976lb) - was launched from the rocket port at Sriharikota on the coast of the Bay of Bengal on a cool afternoon of 5 November last year.

4. India can beat US & Russia- Hence Proved!!!

• The mission was launched in 2013 with a view to create history because before INDIA no country was able to attain success in maiden attempt.
• Both US and Russia failed in their maiden attempts. The first Chinese mission to mars called Yinghuo-1 failed in 2011 alongside Russian Phobos-Grunt mission with which it was launched. Earlier in 1988, the Japanese mission on Mars ran out of fuel and was lost.
• Words of Prime Minister should be marked “if the mission would have failed then it was the only responsibility of Govt. But as this has been completed the only applause goes to the team of ISRO"
• He said “Be the one whom world need not the one who need world" and hopefully this is the moment when these lines could come true for India.
• The true value of first attempt could only be felt by students pursuing CA and CS. India has written his name in Gold.
• The Mangalyaan has started sending pictures after 13 hours as it entered Martian orbit.

5. Kudos to ISRO

• India's low-cost and quick turnaround satellite mission has attracted lot of global attention from the scientific community that seeks to better understand the mysterious Mars.
• ISRO announced that some parts used in the satellite were manufactured in Faridabad.
• So guyz proud to be INDIANS and Faridabadians.
• Enjoy this prestigious moment because it can be lived only once in long years.
• We are the part of history as we are alive when ISRO maiden history.
• And will be part of this nation when again it will be called as GOLDEN BIRD

By Shubham Gupta
Writer at CA Connect
Editor- Pooja Sharma

10 things that tell you how deadly Ebola Virus has proved to be

Ebola Virus?

But I am a CA student... why should I read about it? 

Yes readers … since we are talking about the various general awareness questions asked in the articleship interviews these days, this is one of them! 

Chances are high that your HR might grill you also on the same next. 

Before that, let’s touch on various things you must know about Ebola Virus. Here is a brief overview.

World Health Organization (WHO) calls it “One of the World’s Most Virulent Diseases.”

Ebola is a highly infectious virus that can kill up to 90% of the people who catch it, causing terror among infected communities. There is also no vaccination against it.

What are the Symptoms?

• Sudden onset of fever
• Muscle pain
• Sore throat
• Headache
• Weakness
• Rash, red eyes
• Chest pain
• Difficulty in breathing and swallowing
• Hiccups

The early symptoms progress to vomiting, diarrhea, impaired kidney and liver function and sometimes internal and external bleeding. 

These symptoms can appear 2 to 21 days after infection. Do not mistake them for signs of diseases such as malaria, typhoid fever, meningitis or even plague.

Hundreds of people are dead as the worst Ebola Virus outbreak in history sweeps through West Africa. 

The devastating effects of Ebola have been felt in West Africa for nearly six months but it has become direr in recent weeks as the Death Tolls Surged and health officials warned of a potential worldwide disaster.

Here are the 10 Most Revealing Stats about Ebola Virus?

• 4,784 Ebola cases have been reported as of September 12, 2014. This figure is thought to be less than the actual number due to many unreported cases.
• 2,400 is the number of estimated Ebola deaths as of September 12, 2014.
• WHO estimates that around 20,000 Ebola cases could occur by the time the virus is contained.
• 5 West African nations have reported cases of Ebola.
• WHO has called for 12,750 health workers to treat people infected with the virus and stem the outbreak.
• United States is expected to send 3,000 U.S. military personnel to West Africa to assist in medical training, building of health care facilities and distribution of aid.
• United States reportedly plans to distribute 4,00,000 protective kits to the four most affected West African nations.
• U.S. aid effort aims to set up 1,700 Beds in Liberia, one of the hardest hit nations.
•  According to WHO, NO Beds are available in Liberia to treat Ebola patients currently.
• 52% is the Fatality Rate of the current Ebola outbreak in West Africa.

Coming up next insights into more such general awareness topics. Stay Connected…

Sahiba Maini
Writer at CA Connect

IS PERSONALITY DEVELOPMENT IMPORTANT FOR CA STUDENTS???

Do you think getting good marks in IPCC will make your personality?

Or getting rank in CPT or IPCC has made your personality?

The answer is a big NO………!!!

Personality development helps an individual to inculcate qualities like punctuality, flexible, attitude, willingness to learn, friendly nature, eagerness to help others.

Friends, today firms prefer the ones who have impressive personality rather than the one having impressive report cards.

And these fields demand a terrific personality, right attitude and influential communication skills; think positive, smile a lot, dress sensibly, be soft-spoken, leave your ego behind, avoid backbiting, help others, be confident, be a patient listener.

 We should know the trait of how to sell ourselves?

“Kharidne Wale Bahut Hai, Bechna Aana Chahiye”

Do you think personality development is important for CA’s?

?

?

?

Yes, Indeed!!!

You have to be the Mr/Ms Perfect by following these simple 3Ps

A person with good character finds acceptance wherever he goes and is respected by all.

9 POINTS THAT CAN HELP YOU STAY AHEAD IN PROFESSIONAL CAREER

1.      Confidence: Be confident and have a bold voice. Don’t stammer and steal eyes.

2.      Attire: “First impression is the last impression”. Leave everyone mesmerized with your fabulous professional attire. Your personality can transform your future.

3.      Appreciate: Learn the trait of appreciating others.

4.      Speech: Be very clear, fluent and bold with your words.

5.      Physique: Try to maintain an impressive physique.

6.      Body Language: Walk straight, erect and confident.

7.      Positivity: Always have positive attitude towards life and your work.

8.      Comparison: Comparison is a very strong attribute contributing to success or failure. Competitors can be biggest reason behind your success as they every time unknowingly motivate you. But sometimes over competitive attitude can pull your leg back from the ring.

9.      Know Yourself: Do you remember the movie “chain khuli ki main khuli”. Recall that the power is in you, magic is in you. What matters is how fast did you realize the magic and use it.

Guys now this was like telling the way and not showing it...

You can’t attain these qualities inside the four walls of your room. You need exposure of the world around you.

Monika Arora

Writer at CA Connect

General Awareness Questions asked in Articleship interviews

General Awareness Questions asked by the interviewers these days.

For all those who are appearing for interviews for their Articleship, here is a list of latest buzzing topics in the economy. As these are the favorites of HR’s these days, we bring to you the required information with valuable key points on topics like:

• The Pradhan Mantri Jan Dhan Yojana
• Ebola virus
• Investment made by Japan in India
• Deregulation of petrol prices
• The Sardar Patel 

And many more…

Stay connected for more…

Let’s start with an insight into The Pradhan Mantri Jan Dhan Yojana:

Introduction:

→     The Pradhan Mantri Jan Dhan Yojana or Prime Minister Scheme for People’s Wealth is an ambitious scheme for financial inclusion announced by the Prime Minister of India, Narendra Modi on 15 August 2014.

→     The scheme was launched on 28 August 2014. For the formal launch of this scheme, the Prime Minister personally mailed to CEOs of all banks to gear up for the gigantic task of opening over 7.5 crore bank accounts.

→     In this email, he also declared that a bank account for each household was a national priority.

→     On the inauguration day, 1.5 crore bank accounts were opened under this scheme.

→     The Scheme is launched with a view to provide ‘universal access to banking facilities’.

Key points and Stats to be known:

• The scheme would be providing facilities like basic Banking Accounts with overdraft facility of Rs. 5000 after six months.
• RuPay Debit Card will be provided with inbuilt accident insurance cover of Rs. 1 lakh
• RuPaY Kisan Card facility will also be provided
• Those who open accounts by January 26 will get Life Insurance cover of Rs. 30, 000 in addition to accidental insurance for a lakh.
• The accounts are unique because they will stay active and open even if empty
• SBI has opened 11, 300 camps for Jan Dhan Yojana
• In the next phase, micro insurance and pension will also be added.

Benefits that can be derived from the scheme:

• The influence of moneylenders and other informal financing channels operating outside the ambit of RBI (Reserve Bank of India) would be diminished because of the blunt monetary policy tools and push for financial inclusion
• The scheme seeks to cut waste and corruption by paying benefits directly into bank accounts.
• Mr. G.S. Sandhu, the Financial Services Secretary of India described this scheme as an important step towards converting the Indian economy from a cash based economy to a cashless and digital economy.

Challenges before the Scheme:

• Some experts say the overdraft could end up swelling bad loans at banks as it does not tell about how the banks will collect debts.
• Taking banking to rural areas will be huge challenge as many people in such areas have no identity papers.

What the PM of India, Narendra Modi has to say?

“If we want to eradicate poverty, we need to get rid of financial untouchability”, the PM said stressing the importance of financial inclusion.

In a letter to state owned banks, the PM urged “try your best to ensure that no one is left without a bank account”.

Coming up next a brief overview about the Ebola virus. Stay connected…

- Sahiba Maini

Writer at CA Connect

6 things you should keep in mind while preparing CA IPCC Group 2 Audit

Many of you who are going to appear in NOV 2014 IPCC GROUP-2 Audit Exam might be having doubts regarding Syllabus, which book to choose, act. So, I BHUVI AHUJA, decided to help you all.

1.    Which BOOKs are to be referred?

All of you are surely not able to decide which book to choose to prepare for audit exam whether to start with Practice Manual or Study Material or Surbhi Bansal. I personally recommend you to start with AUDIT by SURBHI BANSAL as the matter contained and the explanations given in the book are enough to get the exemption in audit exam.

2.    What is the SYLLABUS?

Though the syllabus is just the same but with some minor amendments in Companies Audit 1 & 2 because of Companies Act 2013. You can download the amendments from here- Changes in CA IPCC Audit Nov 2014

3.    REVISION TEST PAPER

RTPs are the most important material that ICAI prepare every time to give students a view of exam questions. If you are not taking into your preparation den you are surely leaving spaces between your preparations. It might help you to earn 10-15 marks extra.

You can download the Nov 2014 Audit RTP from here- RTP CA IPCC Audit Nov 2014

4.    MAKE NECESSARY NOTES

Only reading the books is not going to give you the expected marks. For this you have to do something extra i.e. you need to prepare handmade notes which can be referred during the revision time.

5.    SPECIAL ATTENTION TO STANDARDS ON AUDITING

If you wish to attend Fast Track Batch of CA IPCC Indirect Tax batch click here IPCC Indirect Tax Fast Track Batch Nov 14

Just cramming the SA’s will not work. You have to work daily to make command on SA’s. Don’t leave SA for the last. Daily spend half an hour on SA’s as quoting SA’s will definitely help you in fetching some extra marks.

6.    COMPANY AUDIT 1 & 2

These chapters contain heavy weightage in the exams. Read, learn and write before you are going to sit in exams. Command on these two chapters will decide whether you are getting the exemption or just passing the subject.

At the end prepare well yourself as your preparation is all that going to get you marks in exams.

All the best

So now the Need of the Hour is “Smart Study”. Wish you luck guys

- Bhuvi Ahuja

Writer at CA Connect

Is it an Encouragement or Harassment?

As per Section 75 of the Finance Act, 1994 which deals with the levy of interest on delayed payment of service tax, the rate of interest has to be notified by the Government.

Old Law

→     The Government had by Notification No. 26/2004 dated 10.09.2004 as amended by Notification No. 14/2011 dated 01.03.2011 fixed the rate as 18 percent in exercise of the powers conferred by Section 75. 

The New Law

→     Now this Notification has been superseded by Notification No 12/2014 Dated 11th July, 2014 (Applicable w.e.f.01st Oct’ 2014) issued at the time of introduction of Budget’ 2014.

→     As per this notification, the interest rates have been hiked from 18% to 30%.

The New Interest rates-

The interest rates are as follows:- 

Rate of simple interest Up to 6 months- 18% 

More than 6 months and up to 1 year- 18% for the first 6 months of delay and 
24% for the delay beyond 6 months. 

More than 1 year

→     18% for the first 6 months of delay; 

→     24% for the period beyond 6 months up to 1 year and 

→     30% for any delay beyond 1 year. 

As per the clarification issued by Tax Research Unit dated 10th July,2014 (D.O.F. No. 334/15/2014-TRU), the following needs to be noted:- 
“To encourage prompt payment of service tax, it is being proposed to introduce interest rates which would vary on the extent of delay.” 



Thus, the reason been given for this illegal hike on interest rates is for the “Encouragement” of assessee.

May be the circular wanted to say the “Harassment” but said it as an encouragement out of their concern towards assesses. 

Bhuvi Ahuja
Write at CA Connect