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Showing posts from May, 2008

Banking terms

Demat Account : A Demat account refers to dematerialized account and is an account in which the stocks of investors are held in electronic form. Equity : Equity means a part of capital of a corporate entity which is represented by the shares of the company whether in physical or in dematerialised form.

Agni-3 missile

The sucessful testing of Agni-3 missile by DRDO (Defence Research and Development Organization), made India enter the club of nations possessing intermediate range ballistic missiles(IRBMs) with a range of upto 3000km. Its a surface to surface nuclear missile. With this , the Indian security establishment has accuried the capability ti hit targets deep inside China, including Beijing and Shanghai. The Agni -3 reached the pre set target in 800 seconds, travelling through a peak height of 350km with a velocity of more than 4000m a second.The sucess of Agni-3 paves the way for India to build its truly inter-continental range missiles Agni-4, with a range of 5000km in the near future. Unlike Agni-1 and Agni-2, the Agni-3 missile has been designed and optimised to carry lighter 200KT thermo nuclear pay-load weapons.

Leave travel allowance (LTA)

LTA stands for Leave travel assistance or allowance . One can get a tax deduction on one's LTA amount if one plans to travel within the country. It is paid as a part of remuneration of employees. The LTA amount is received from the employer for undertaking a journey within India. LTA is eligible for tax deduction under the Income Tax Act subject to compliance with specified conditions. Section 10 of Income Tax Act specifies that in the case of an individual ,the value of any travel concession or assistance received is exempt if it is received from his employer, for himself and his family, in connection with his proceeding on leave to any place in India. The amount exempt cannot exceed the amount of expenses actually incurred in the travel. The exemption is available to a maximum of two children of an individual. The exemption is available on the amount incurred on travel to the farthest place by the shortest route when circular journey is undertaken. The exemption is available to a

गीता सार

जो हुआ अच्हा हुआ , जो हो रहा है ,अच्हा ही हो रहा है , जो होगा, अच्हा ही होगा , तुम्हारा क्या गया जो तुम रोते हो , तुमने क्या पैदा किया था जो नष्ट हो गया , तुमने जो लिया यही से लिया , जो दिया यही पे दिया , जो आज तुम्हारा है ,कल किसी और का था , परसों किसी और का हो जाएगा , परिवर्तन ही संसार का नियम है !