CBDT provides ITR Filing Compliance Check Functionality for Scheduled Commercial Banks

Central Board of Direct Taxes in exercise of powers conferred under section 138(1)(a) of Income Tax Act, 1961, has issued Order inF.No. 225/136/2020/ITA.II dated 31.08.2020, for furnishing information about IT Return Filing Status to Scheduled Commercial Banks, notified vide notification No. 71/2020 dated 31.08.2020 under sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Act.

The data on cash withdrawal indicated that huge amount of cash is being withdrawn by the persons who have never filed income-tax returns. To ensure filing of return by these persons and to keep track on cash withdrawals by the non-filers, and to curb black money, the Finance Act, 2020 w.e.f. 1st July, 2020 further amended Income-tax Act, 1961 to lower the threshold of cash withdrawal to Rs. 20 lakh for the applicability of TDS for the non-filers and also mandated TDS at the higher rate of 5% on cash withdrawal exceeding Rs. 1 crore by the non-filers.

Income Tax Department has already provided a functionality “Verification of applicability u/s 194N” on http://www.incometaxindiaefiling.gov.in for Banks and Post offices since 1st July, 2020.  Through this functionality, Bank/Post Office can get the applicable rate of TDS under section 194N of the Income-tax Act, 1961 by entering the PAN of the person who is withdrawing cash.

The Department has now released a new functionality “ITR Filing Compliance Check” which will be available to Scheduled Commercial Banks (SCBs) to check the IT Return filing status of PANs in bulk mode. The Principal Director General of Income-tax (Systems) has notified the procedure and format for providing notified information to the Scheduled Commercial Banks. The salient features of the using functionality are as under:

  1. Accessing “ITR Filing Compliance Check”:The Principal Officer & Designated Director of SCBs, which are registered with the Reporting Portal  of Income-tax Department (https://report.insight.gov.in) shall be able to use the functionality after logging into the Reporting Portal using their credentials. After successfully logging in, link to the functionality “ITR Filing Compliance Check” will appear on the home page of the Reporting Portal.
  2. Preparing request (input) file containing PANs: The CSV Template to enter PAN details can be downloaded by clicking on “Download CSV template” button on the “ITR Filing Compliance Check” page. PANs, for which IT Return filing status is required, are required to be entered in the downloaded CSV template. The current limit of PANs in one file is 10,000.
  3. Uploading the input CSV file: Input CSV file may be uploaded by clicking on Upload CSV button. While uploading, “Reference Financial Year” is required to be selected. Reference Financial Year is the year for which results are required. If selected Reference Financial Year is 2020-21 then results will be available for Assessment years 2017-18, 2018-19 and 2019-20. Uploaded file will start reflecting with Uploaded status.
  4. Downloading the output CSV file: After processing, CSV file containing IT Return Filing Status of the entered PANs will be available for download and “Status” will change to Available.  Output CSV file will have PAN, Name of the PAN holder (masked), IT Return Filing Status for last three Assessment Years. After downloading of the file, the status will change to Downloaded and after 24 hours of availability of the file, download link will expire and status will change to Expired.

Scheduled Commercial Banks can also use API based exchange to automate and integrate the process with the Bank’s core banking solution. Scheduled Commercial Banks are required to document and implement appropriate information security policies and procedures with clearly defined roles and responsibilities to ensure security of information.

Union Home Minister, Shri Amit Shah hails approval of Mission Karmayogi, the National Programme for Civil Services Capacity Building (NPCSCB), by the Cabinet

Union Home Minister, Shri Amit Shah has hailed the approval of the Mission Karmayogi, the National Programme for Civil Services Capacity Building (NPCSCB), by the Cabinet today, terming it as aimed at bringing about a “transformational change in Civil Services”.

Shri Amit Shah expressed gratitude to the Prime Minister Shri Narendra Modi, “for this visionary reform”. “This holistic & comprehensive scheme will focus on individual aswell as institutional capacity building”, he said.

The Union Home Minister said, “It is a landmark reform for the 21stcentury which will end the culture of working in silos and bring out a new work culture. Goal driven and constant training will empower and sensitize the civil servants to ensure accountability and transparency in the system”.

Shri Amit Shah said, “This reform will not only provide a mechanism for Government functionaries to improve their own performance but also enable them to fulfill and live upto the aspirations of NewIndia.”

“Modi Government is fully committed towards building of a future ready civil service, ‘Civil Service for a New India’,” he said.

NPCSCB has been carefully designed to lay the foundations for capacity building for Civil Servants so that they remain entrenched in Indian Culture and sensibilities and remain connected, with their roots, while they learn from the best institutions and practices across the world. The Programme will be delivered by setting up an Integrated Government Online Training Platform, “iGOTKarmayogi”. To cover around 46 lakh Central employees, a sum of Rs.510.86 crore will be spent over a period of 5 years from 2020-21 to 2024-25.

Mission Karmayogi to radically improve the Human Resource management in the Government says PM

In a series of tweets, Prime Minister Shri Narendra Modi said that Mission Karmayogi – National Program for Civil Services Capacity Building will radically improve the Human Resource management practices in the Government. It will use scale & state of the art infrastructure to augment the capacity of Civil Servants.

He tweeted “iGOT platform will enable the transition to a role-based HR management & continuous learning. Mission Karmayogi aims to prepare Civil Servants for the future by making them more creative, constructive & innovative through transparency and technology.”

Income Tax Department carries out searches in Srinagar and Kupwara

The Income Tax Department has carried out simultaneous search and seizure operations on 2nd September, 2020 in the case of three prominent businessmen in Srinagar and Kupwara. These operations have, prima facie, led to the detection of huge amount of undisclosed income, seizure of unaccounted assets and incriminating evidence and involvement in benami transactions by these three groups. 

The search action revealed that the key person of one of the groups, although engaged in Cross-LOC trade until the suspension of trade by the Government in April 2019, has not filed his Income Tax Returns. He was also found to be having two active PANs. His proprietory concern has made exports of over Rs. 25 crore in the last few years. However, no income tax has been paid at all. Incriminating documents related to the LoC trade have been seized from the Custodian of cross-LOC trade, indicating large-scale tax evasion. There are also evidences of unexplained expenditure on the education of his daughter in Pakistan.

In another case, the key person and his brother were engaged in Cross-LOC trade until the suspension of trade by the Government. He had made total exports of  Rs 3 crore in the last two years, while he had filed his Income Tax Return for only one year and that too, showing meager receipts. The Income Tax Return filed also does not match with the credits in multiple bank accounts which run into crores of rupees. Further, evidences showing illegal trade in violation of suspension of cross LoC trade have been seized. The passport of the assessee reveals that he had travelled to Pakistan for 20-25 days every calendar year since 2017 and the source of expenditure on this account is prima-facie unexplained.

In yet another case, it was seen that the group was engaged in Cross- LOC trade of vegetables and fruits. In this case, unaccounted cash of Rs. 15 lakh has been seized. The group is having multiple concerns. However, transactions of these concerns have not been reflected in their Income Tax Returns. In the case of a person of this group, who is a non-filer, documents pertaining to the unaccounted business transactions of about Rs.10 crore have been seized. In another case of a firm, one of the partners in the firm has admitted that his name was only being used, though he was not involved in any activity of the firm. The matter is being examined from the angle of Benami transactions. A locker has also been found which is yet to be searched and has been placed under restraint.

Further investigations are going on.

Shri Dharmendra Pradhan addresses USISPF-3rd annual leadership summit; Invites US companies to partner in Aatmanirbhar Bharat campaign

Minister of Petroleum and Natural Gas and Steel, Shri Dharmendra Pradhan today participated in the USISPF- 3rd Annual Leadership Summit on the theme of “Navigating New Challenges.”

Minister Pradhan talked about the unprecedented impact of the Covid-19 pandemic on the global economy and the consequent energy demand contraction. He added that with the gradual pick up of economic activity in India, energy consumption is anticipated to reach pre-Covid levels soon. 

Speaking about Aatmanirbhar Bharat campaign, Shri Pradhan said the campaign launched under the leadership of Prime Minister Modi calls for a self-reliant India, seeking to convert Covid-19 challenges into an opportunity, to merge domestic production and consumption with global supply chains, and aims to transform India into a global manufacturing hub of the 21st century.

The Minister underlined the importance of energy infrastructure as a key to transformation in India and invited US industry leaders to take advantage of the opportunities being created in Indian energy sector.

Shri Pradhan talked about the growing bilateral hydrocarbon trade between India and the US, which touched above US$ 9 billion during FY 2019-20 and is expected to increase further as companies are looking to source more crude oil and LNG from the US at competitive rates. 

The Minister talked about the importance of gas sector in the Strategic Energy Partnership as India is working to transform itself into a gas based economy by increasing the share of gas from 6% to 15% in the energy mix by 2030, with an estimated investment of $60 billion lined up in the sector, developing a “One Nation, One Gas Grid.”He also expressed happiness at global oil & gas majors like BP, Shell, Total, Exxon Mobil expanding their footprints in India and invited the US companies to take advantage of reforms in the exploration and production sector and participate in the next oil and gas block bidding rounds.

Minister Pradhan also added that India and the US have been working in close collaboration, including in stabilizing global energy markets and it is reassuring that despite the Covid-19 induced challenges, the industry leaders are quite optimistic about reinvigorating the energy linkages between the two countries.

Dr. Mukesh Aghi, CEO, USISPF said that the USISPF will facilitate greater collaborations between the US and Indian companies for the success of Aatmanirbhar Bharat.

IGNORING THE MAIN ROLE

After actor Sushant Singh Rajput was found dead in his Bandra residence in Mumbai, reports claimed that the actor had been suffering from depression because of professional setbacks engineered by nepotism in Bollywood.
The film industry has been traditionally guilty of promoting family raj at the expense of outsiders. Rajput was a promising actor without being an A-lister or having a godfather in Mumbai. The infinitely bigger developing story of the same period was the impact of the Covid-19 pandemic. Rajput died on June 14, a period in time when the dreaded virus had been infecting unsuspecting people the world over, including India.
Two and a half months later, India is among the worst-hit nations in the world.

Each new day is the forerunner of bad news with thousands falling sick and many dying a few days after getting infected. The nation’s economy has hurtled towards a big crash with the GDP shrinking by 23.9 per cent in the first quarter of 2020-21.Lakhs of Indians have experienced job losses, among them daily wage earners whose lives are a struggle for survival even under normal circumstances.
Troubled by the news of sickness and deaths, faced with the possibility or reality of unemployment, and aware that there is no reliable vaccine and well-defined route of treatment, many are doing what they can to protect themselves from the wrath of the virus.
Other ‘brave’ ones who are being inexplicably reckless are not only more susceptible to the illness, but the infected ones among them are also guilty of spreading it among those taking precautionary measures. The presence of such irresponsible individuals is a significant worry for the Indian society.
Given a choice between continuous coverage of the pandemic and prolonged focus on the SSR death case, where should the media look? It must concentrate on the pandemic and its aftermath by delivering stories on health, economy and society to the consumer. The entry of the girlfriend in the script (Rhea Chakraborty, a national name now) followed by hysteria on social media enhanced the focus on the case, which is providing with the recipe for action in the media each day.
Cacophonic drama is irresistible for certain news anchors, who are capitalising on the story’s ability to deliver entertainment packages. These anchors are analysing the case endlessly, knowing they will find a captive audience that the coverage of Covid-19 may not guarantee.
The need to find viewers for TV shows and online visitors in an eternal rat race has made rationality disappear in many sections of the media. While that is not a good thing, don’t expect such disproportionate coverage to end anytime soon. The treatment of the Sushant Singh
Rajput case by many TV news channels is a good example of how the interrelated concerns about ratings and revenues drive news coverage in substantial parts of the electronic media. The mainstream electronic news media, it can be argued , has demonstrated a serious lack judgment by distorting national priorities. They also include the pandemic that shows a sign of abating with cases rising exponentially and putting public health system under unbearable strain

UNRESOLVED BORDER TENSIONS

Looking back at the past 70 years, China-India relations have moved ahead despite wind and rain and gone through an extraordinary development path. In the 1950s, the leaders of the older generation of the two countries made the historical decision to establish diplomatic relations between China and India, and jointly advocated the Five Principles of Peaceful Coexistence. “Hindi Chini Bhai Bhai” (Indians and Chinese are brothers) resounded throughout our two countries. From the 1980s, the two sides agreed to solve the boundary question through peaceful and friendly consultation, established strategic and cooperative partnership for peace and prosperity, and achieved all-round development of bilateral relationship.

Despite 2020 marking 70 years of diplomatic ties between China and India, the border tension over the past month has been heightened again.Troops from the world’s two most populous countries engaged in a physical clash. Although the two Asian giants are not stranger to border incidents, it was the first time in decades that the border dispute turned deadly. The question of whether India can sustain and withstand retaliatory measures from China is one that requires much thought and deliberation from the government. India fears that China is violating rules of origin norms and pumping goods into India through their common trading partners in Asia, by abusing the loopholes in existing trade agreements. The Ministry of Commerce and Industry in India has called into scrutiny various free trade and bilateral agreements that India is roped into, with countries that have similar agreements with China.
India has already refused to sign the Regional Comprehensive Economic Partnership (RCEP), fearing that it could pave the way to Chinese goods flooding the Indian market and overthrowing domestic manufacturers. However, if we are looking at backing out of other such regional and bilateral agreements as well, India has much more to lose than China does in the long run.
More concerning is the possibility that China may decide to strike back by throwing Indian companies out of China. We are already seeing reports of customs authorities in Hong Kong and China, holding back some consignments of Indian exports after Indian ports started inspecting Chinese imports. This is only going to get worse if India implements a blanket ban on Chinese imports, against all odds.
If India really seeks to check the unregulated flow of Chinese imports in India and create a dent in the Chinese economy, India would have to do a lot more than just cut down imports that are coming in directly from China. We would also have to narrow down all consumer products that are manufactured or processed, even in part, in China before finally being assembled and exported to India from another country. The obvious knee-jerk reaction of shutting down these big brands would only have a minuscule impact, if at all, on the Chinese economy. On the other hand, the question of whether India can sustain and withstand retaliatory measures from China is one that requires much thought and deliberation from the Indian government.
The coronavirus crisis, in particular China’s mismanagement of the initial stages of the outbreak, has generated intensely negative public sentiments against Beijing—in India and many other countries around the world. Countries have demanded an investigation into the origin and handling of Coronavirus. Indian app ‘Remove China Apps’ highlights backlash against Chinese business amongst the Indian public. Its popularity comes amid calls for a boycott of Chinese mobile apps in India as a border dispute in Ladakh fuels a backlash against products from China. It scans a user’s phone for apps such as ByteDance’s TikTok and Alibaba’s UC Browser and removes them. Popular Indian yoga guru Baba Ramdev described deletion of Chinese apps as a “national service”.
The COVID-19 pandemic is reviving sentiments against Chinese products in the country. The recent backlash against China over faulty testing kits or alleged suppression of actual numbers of infection are fuelling online campaigns in India urging people to reduce dependence on Chinese electronics and refrain from buying them.Previous boycott calls have focused on Chinese goods, whereas this one especially targets Chinese apps.
This isn’t the first time that Chinese products or brands have drawn flak in India. Some experts point out that in the short term this will raise questions in people’s minds, but in the medium term they don’t see any impact of these campaigns on Chinese companies or products

Acidification of Ocean causes Coral ‘Osteoporosis’

Retrieved from climatechangenews.com

It has been long since the scientists have been suspecting ocean acidification being the cause of affecting corals’ capacity of forming their skeletons. They were not able to isolate the effect as continuous heating of ocean temperatures due to warmer weather also contributed to effect on coral growth. The scientists of Woods Hole Oceanographic Institution came up with new study according to which certain impact of acidification of ocean on reef was seen. The study was funded by the U.S. National Science Foundation which was later published in Geophysical Research Letters. In this study, scientists showed a remarkable reduction in coral skeletons’ density due to continuously increasing acidity since the 1950s, of the Great Barrier Reef which is one of the largest coral reef systems in the world.  

Because of the declining pH of the ocean (turning more acidic), the animals like corals are finding it difficult to build their skeletons as acidification of the ocean leads to less density, taking away coral’s strength in the same way as osteoporosis withers human’s bones. The scientists say that it can be easily detected just by seeing them that they are not stronger anymore and it will heavily affect the reef and break it.

Yoga: Physical and Mental fitness.

Benefits of yoga

Yoga is a complete combination of spiritual, mental and physical practices which was originated in ancient India. It is followed by many people all around the world. It is adapted by the people in their lifestyles on daily basis  Yoga is a type of work out that involves both mind and body, it is much more than just burning calories and strengthening muscles.

Among with them their are some other major health benefits of yoga.

Improves overall health.

Yoga is combined of cardio, functional and strength training which effects the overall health physically and mentally. Yoga helps in developing core strength, improving immunity, improving mental health, improves heart health, increases immunity, decreases stress, etc. A few minutes of yoga everyday can bring some good changes in your everyday lifestyle.

Develops strength.

Yoga poses requires balancing of the body, and it takes a lot of strength to hold your body in balanced posture. Regular yoga helps you to strengthen the muscles of your arms, legs, back and core. It works as a full body workout. 

Boosts metabolism.

Yoga can be a very good way to increase your metabolism. As it helps in improving digestion, circulation and increasing lean muscle mass. And by boosting the metabolism, yoga can also help in loosing weight as it helps in burning calories.

Improves flexiblility and posture

Yoga poses works by stretching your body muscles. Regular yoga is a great way to improve your flexibility and posture. Few weeks of daily yoga can help you to feel less stiff and you will be able to move your body better. It also serves the purpose of keelping your body toned.

Improves mental health and concentration.

Everyday yoga helps a person to relax mentally and concentrate better. Yoga and meditation requires you to concentrate on your breathing, it helps you to calm your mind and be more relaxed mentally. As a result few minutes of yoga in the morning can result in better concentration throughout the day.

Plight of Dugg Dugge Brahmins

Maharaja Gulab Singh brought Dugg-Dugge Brahmins from Rajasthan approximately 170 years back to accept ‘Shani Daan’ and to perform ‘Shani Dev Pooja’ as a priest as Hindu priests were not ready to accept ‘Shani Daan’ and denied to perform such ‘Pooja (worship)’ and accept ‘Daan (alms)’ related to ‘Shani Dev.’ The Brahmins who were bought on special request in 1970’s are now living in inhumane conditions and have not even issued domicile certificates till now. They still collect alms on Saturdays and some of them are seen on roads as astrologers or palmists.

They are scattered in the areas of Ramban and other parts of Jammu region. These communities’ people are still waiting for their domicile certificates whereas Gurkha and Valmiki communities were the first to get it by the BJP leaders after last year’s revocation of Article 370 and 35- A. The administration had been dawdling the matter of issuing Permanent Resident’s Certificate (PRC) to the people who had no land records or ration cards as these are necessary parameters for domicile certificates. They cast their vote in elections every year as they have been issued with Aadhar card  but can’t get PRC in the view of no land of theirs at the place.

There are 27 families comprising 136 members of the impecunious community residing at Maitra in Ramban district. Bakshi Ghulam Mohammad, who was the Prime Minister in Jammu and Kashmir at that time had allocated a piece of land at Phelti Maitra in Ramban to the nine families of this community. Though in 2012, the ruling government provided them ration cards which were discarded in 2015-16 due to unknown reasons.  They live in huts or shanties which have electricity connection but no water or toilet facilities and the area in which they reside is known as Bakshi Nagar after the Prime Minister who had provided them at least a place to live.

They can’t get proper education because of poverty, in the whole community there are only two boys who have got college education and a girl whose education is going on. Those two boys also left their education to do some menial work to earn money.

Though they have been given assurance by the government recently that their domicile certificates will be issued soon and it is a ray of light in their lives.

Pollution

Pollution implies to interference in the natural environment that creates unfavourable changes. Pollution may take the form of liquids, noise, heat, or light, or chemical substances or energy. Pollutants, emission elements, maybe either alien materials/energies or pollutants that arise naturally. Emissions are often labelled as a point source or as emissions from non-point sources. In 2015, 9 million people worldwide have been killed by pollution. Significant pollution sources include ozone pollution, light pollution, noise pollution, plastic pollution, contamination of soil, radioactive contamination, thermal pollution and water pollution

The availability of Earth’s air and water helps all living organisms, from one cell bacteria to blue whales for living. All aspects of life are endangered when these resources are contaminated.

Forms of pollution-

Air pollution: release into the atmosphere of chemical compounds and particulates. Popular gaseous emissions include carbon monoxide, sulphur dioxide, fluorocarbons (CFCs) and industrial and motor vehicle produced nitrogen oxides. As nitrogen oxides and hydrocarbons react to sunlight, photochemical ozone and smog are formed. Particles or fine dust are marked by the PM10 to PM2.5 micrometre scale.

Electromagnetic pollution: an overabundance of non-ionizing electromagnetic radiation such as radio waves, etc., in which people, especially in big cities, are constantly exposed. Whether or not such types of radiation impact human health remains unknown.

Light pollution: Light intrusion, over-illumination and cosmic intrusion involved.

Noise pollution: like road noise, aircraft noise, industrial noise and sonar.

Plastic pollution: includes the build-up of plastics and environmental microplastics, which adversely impact ecosystems, wildlife or human life.

Soil pollution occurs when chemical contaminants are emitted by spill or underground leakage. Hydrocarbons, heavy metals, herbicides , pesticides and chlorinated hydrocarbons are among the most important soil contaminants.

Radioactive pollution arising from atomic physics activities under the 20th century, including testing, production and implementation of nuclear energy generation and nuclear weapons.

Water pollution:Water emission through waste disposal from commercial and industrial waste (intentional or by way of waste) into surface water; waste disposal from waste disposal from treated waste water and from contaminated chemicals, e.g. chlorine; disposal in surface runoff to surface waters (including urban runoffs and agricultural runoffs which may contain chemical waste and contaminants).

Control-

People and governments around the world are working to tackle pollution. For example, recycling becomes more prevalent. Waste is processed for recycling to make use of useful materials. It can be melted and reused with bottles, aluminium cans and various plastics. It may break down paper and turn it into new paper.

The waste that results in waste collection, incinerators and the rivers is decreased by recycling. The highest recycling rates exist for Austria and Switzerland. About 50 and 60% of the waste is recycled by these nations. About 30% of its waste is recycled by the US.

Reducing environmental, political and economic pollution requires leadership. Developed countries need to work towards material reduction and recycling while developing nations need to work to consolidate their economies without damaging their environment. Environmental protection for future use should be the common goal to developed and developing countries jointly work towards.

The Apatani

Arunachal Pradesh is the land of lofty mountains, pristine landscape, and a large tribal population. Surrounded by blue rolling hills, tucked in foothills of Himalayas, and nestled in the lap of nature, is the tiny yet picturesque town of Zero. Zero Valley is the home to the Eastern Himalayan ethnic group, Apatani or Tanii as they call themselves. The Apatani people were unknown to the outside world until the 1900s. The valley is dotted by paddy fields and the tribe makes its living from farming and fishing. They reflect a beguiling co-existence between man and nature.
The Apatani tribe is non-nomadic which means, unlike other tribes, they don’t travel. Though, some sources say they migrated from Mongolia and Tibet regions.
The Apatani has no written historical record, but a very strong oral culture. It is through folklores and stories transmitted orally from generations, one gets to know about their rich past.

The Apatani also had some traditions which seem quite unusual to the modern world. One of them being the forceful abduction of girls and women by the men of their tribe in to wed them. Once the girl is picked by the man, the shaman, the religious priest, would check their compatibility in the chicken’s liver, thus declaring them married. They are also one of the very few tribes who practice their religion. Apatani follows the Dongi- Polo religion which is worshipping nature, the Sun, and the Moon. They have a totem in every house and sacrifice animals to seek spiritual blessings for their tribe and land. Their major festivals are Murung in January and Dree in July.

Besides their cultural heritage is distinct too. The Apatani women adorn themselves with big wooden nose plugs known as Yaping Hurlo and facial tattoos known as Tippie. At the time Apatani women’s first menstruation their face is tattooed and nose plugged. The ink of the tattoo is made up of pig fat and soot from the fireplace and the motif is hand-poked on the face using a thorny plant. The tattoo is a line extending from their forehead till the tip of the nose and five lines under the lower lip. Men also have a T shape tattoo on their chin.

The famous story behind the practice of nose plugs and the facial tattoo is fascinating. The Apatani tribe women were considered to be the most beautiful women in Arunachal Pradesh, and men from neighboring tribes would try to steal them. To protect them, the Apatani women were made to have the nose plugs and cover their faces in the tattoo. This was done to disfigure them so they look less appealing and over time it has embedded in their local culture. But this is just one of the stories one gets to hear about this practice. There are other stories for different reasons. But unfortunately, there is no written account to solve the mystery.

But this ‘Apatani art’, as the older Apatani women call it, is slowly dying. The newer generations are not into nose plugs and facial tattoos. They are now going out to the ‘Indian mainland’ to study and believe that this practice is a visual identification of their tribe, often making them prone to discrimination in their social lives. Also, the tradition was banned by the government in the 1970s and thus is no more in practice. The nose plug and tattoo are only visible on older Apatani women. But the last bearers of this tradition are proud of their identity.
Presently, only 60,000 Apatani people are living in the Zero Valley. Their tribe and its tradition are on the verge of extinction.

Career opportunities in Humanities stream

Taking Arts stream always seems like a tough choice and a stressful one too. You constantly doubt yourself asking whether you had made the right choice. Just like science arts also have holistic area of study and expertise all we have to do is search thoroughly and read more about

Arts stream offers a wide variety of opportunities in all kinds of fields. We usually find UPSC aspirants quite common but not just UPSC but we can also be lawyer, psychologist,fashion designers, journalists and lot more

Here are the most commonly chosen options

Union Public Service Commission aspirants

This is the most common choice of a Humanities student. Being a UPSC aspirant is the main attraction of the arts subject. Students all across India opt for political science with the dreams of being a Civil Servant. Delhi University has become a hub for UPSC aspirants and political science its main attraction. online and offline coaching are available for civil services all across India

Lawyers

One of the professional courses under the arts stream is that of lawyers law courses are now integrated with B A, BBA , B.Com and all sorts of new subject in order to enhance the learning. law has a lot of different fields under it ranging from Civil, Environmental, criminal etc

Mass Media

Mass Media itself covers a lot of opportunities like reporters, journalists, news readers, editors, magazine writers and lots more. Mass media is a field of great attention. Being creative can be a quick JumpStart in this sector

Fashion Designing

This field of study is quite accepting one, creativity and one’s skill and talents are to be put into use in this field. Fashion designers are widely recognised and highly paid too

Professors and Lecturers

This is is one of the commonly opted jobs by the students. Teaching in colleges have its own perks and benefits too professors are widely respected around the country, not only they command respect but they have become an icon for teaching a very skillful young Nation

Event Management

One of the recent trends in our economy is the growing tertiary sector. More and more jobs are being created in this very sector. Event management is one such emerging one. Managing events and Ceremonies by a team of well equipped and professional people has become quite common these days

Hotel Management

Food technology and food studies have become a hit among the youth. This course takes life in a different perspective and teaches you that not only classroom learning matters but learning by experience is important too.

Theater and Film Making

Some of us love the idea of stage and performing arts and where most of us fail to follow these passions is because we are afraid to take a risk, due to this we never come across its advantages and courses. We often focus on the big picture that we forget the little things.

Criminologist

This course can also come under a science branch too. It can also be learned as a discipline under arts too. What’s more interesting that looking at a crime from the point of view of a social thinker

There are even more courses like interior designing, international studies, linguistic expert and lots more to study.

What’s more important is to read more, Learn more and explore more.

INVESTMENT FUTURE CONTRACT IN DEPTH

A Future Contract is a contract between two parties where both agrees to buy or sell the underlying asset at a predetermined price and the specified date in future. It’s also known as a derivative because future contracts derive their value from an underlying asset. The underlying asset in the future contract could be commodities ,stocks, currencies, interest rates and bond. The future contract is a standardized agreements which held at a recognized stock exchange. A futures contract provides both a right and an obligation to buy or sell a standard amount of a commodity, security or currency on a specified future date at a price agreed when the contract is entered into.

There are two types of people who trade whether buy or sell, future contracts: Hedgers and Speculators. In simple words Hedging means reduction of risk. An investor who is looking at reducing his risk is known as a Hedger. A Hedger would typically look at reducing his asset exposure to price volatility and in a derivative market, would usually take up a position that is opposite to the risk he is otherwise exposed to. Speculators are those class of investors who willingly take price risks to profit from price changes in the underlying.

Futures contracts are considered an alternative investment, as they typically do not have any positive correlation with stock market prices. Commodity futures trading offers investors access to another asset class of investments. Futures trading offers advantages such as low trading costs, but carries greater risk associated with higher market volatility. Futures contracts are useful for risk-tolerant investors. Investors get to participate in markets they would otherwise not have access to. Margin requirements for most of the commodities and currencies are well-established in the futures market. Thus, a trader knows how much margin he should put up in a contract.

INVESTMENT IN THE STOCK MARKET FOR BEGINNERS

The stock market refers to public markets that exist for issuing, buying, and selling stocks that trade on a stock exchange or over-the-counter.  In simple terms, if A wants to sell shares of Reliance Industries, the stock market will help him to meet the seller who is willing to buy Reliance Industries.  A person can trade in the stock market only through a registered intermediary known as a stock broker. The buying and selling of shares take place through electronic medium.

There are two main stock exchanges in India where majority of the trades take place – Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Apart from these two exchanges, there are some other regional stock exchanges like Bangalore Stock Exchange, Madras Stock Exchange etc but these exchanges do not play a meaningful role anymore.

NSE is the leading stock exchange in India where one can buy or sell shares of publicly listed companies. It was established in the year 1992 and is located in Mumbai. NSE has a flagship index named as NIFTY50. The index comprises of the top 50 companies based on its trading volume and market capitalisation.  BSE is Asia’s first as well as the oldest stock exchange in India. It was established in 1875 and is located in Mumbai. BSE Sensex is the flagship index of BSE.

Securities Exchange Board of India (SEBI) is the regulatory body of the Indian Stock Markets. The main objective of SEBI is to safeguard the interest of retail investors, promote the development of stock exchanges, and regulate the activities of financial intermediaries and investors in the market. A stock broker also known as a dealer is a professional individual who buys/sells shares on behalf of its clients. In the stock market, stock broker is registered as a trading member with the stock exchange and holds a stock broking license. They operate under the guidelines prescribed by SEBI.

 ADVANTAGES OF INVESTING IN STOCK MARKET:

  •  the stock market can make great money in a short time of period.
  •  Unlike other investments, such as real estate and CDs, investors can easily access money in the stock market.
  • Investing in the stock market can help in our entire financial portfolio.

DISADVANTAGES IN INVESTING IN STOCK MARKET:

  • Investors can expect daily volatility in the stock market, but large failures in the system are less common.
  • In the stock market, there are winners and losers. Winners can make much money, but those who lose can see all of their investment disappear.
  • Every time an investor decides to buy or sell shares, he or she will have to shell out a certain proportion as brokerage fees to the broker.