Archive for the 'AFFLUENCE' Category
Saturday, June 2nd, 2007
Posted in CURRENT NEWS AFFAIRS, ECONOMY, WEALTH, MONEY, INVESTMENTS, mindbodynsoul.com, TIME, LIFE, ABUNDANCE, AFFLUENCE, UNIVERSAL SOUL, POSITIVE THINKING, POSITIVE MENTAL ATTITUDE, RICH, VITAL LIFE FORCE ENERGY, TODAY, PUBLIC, SOCIETY, HUMAN BEINGS, WORLD AFFAIRS, COMMON WEALTH, INDIA, MIND | No Comments »
Saturday, May 26th, 2007
Posted in CURRENT NEWS AFFAIRS, WEALTH, MONEY, TIME, ABUNDANCE, AFFLUENCE, GOD, UNIVERSAL SOUL, HER HOLINESS MAHA MAYA, RICH, RELIGION, POLITICS, TODAY, PUBLIC, VOTE BANKS, SOCIETY, COUNTRIES, HUMAN BEINGS, INTERNATIONAL POLITICS, U.S.A, WORLD AFFAIRS, COMMON WEALTH, POWER POLITICS, INDIA, MIND, PATENT RIGHTS, CURRENT NEWS, ELECTIONS, Middle East, South Asia | No Comments »
Thursday, April 26th, 2007
Posted in CURRENT NEWS AFFAIRS, ECONOMY, MONEY, INVESTMENTS, mindbodynsoul.com, Energy, Health, BUSINESS ONLINE, TIME, LIFE, ABUNDANCE, AFFLUENCE, GOD, UNIVERSAL SOUL, POSITIVE MENTAL ATTITUDE, HER HOLINESS MAHA MAYA, RICH, RELIGION, LAWS, VITAL LIFE FORCE ENERGY, MEDITATION, TODAY, SOCIETY, HUMAN BEINGS, OSHO, INTERNATIONAL POLITICS, WORLD AFFAIRS, COMMON WEALTH, INDIA, SCIENCE, MIND, PATENT RIGHTS, ZERO PATENT, Science/Nature, Entertainment | 1 Comment »
Sunday, March 18th, 2007
| Silicon Valley, March 18. (PTI):
While Google\’s phenomenal growth may by the envy of many, Microsoft Corp CEO Steve Ballmer criticised the internet company for trying to grow too fast. In a presentation at Stanford University\’s Graduate School of Business, Ballmer said Microsoft went from 24 to 75,000 people in nearly three decades, while Google had become a very large company in a fraction of that time.
“They\’re trying to double in a year. I think that\’s insane, in my opinion,” Ballmer said. Microsoft, with a more managed growth, had been digesting a certain percentage of growth over many years.” “What that has allowed us to do is build up a base of capable people who can take on more capable people.”
Ballmer also questioned Google\’s corporate culture of encouraging individual projects by employees. Google is known to allow its engineers devote 20 per cent of their work time to pet projects. “I don\’t really know if any one has proven that a random collection of people doing their own thing actually creates value. That doesn\’t create value, in my opinion,” he said. Playing down the efforts of Microsoft\’s fiercest rival, Ballmer described Google as a one-trick pony. “Google built one very good business. They only have one thing they do. Everything else is sort of cute,” Ballmer said.
“We do a lot of things that are cute, too. I\’ll tell you about our robotics effort, for example, but that\’s not paying for me to come down to Stanford,” Ballmer said amidst huge laughs from the business students. “I like to refer to us as a two-trick pony, and that\’s rare in the history of business. Desktop software was a trick. Server was a trick. Our third trick is trying to do online, and our fourth trick is trying to do consumer electronics,” he said. Ballmer, who left the Stanford Graduate School of Business in 1980 after a year to take up a job at Microsoft, said there are basically four stages in business: coming up with an idea, getting it to critical mass, milking it financially and then finding a new idea.
He said, “Google is in the part of the cycle where they are milking,” acknowledging that\’s a fun stage. “That was the \’90s for us… or I would say the \’80s and \’90s.” Ballmer also noted that currently 60 per cent of the industry\’s computer engineering and programming graduates are coming from China and India. Recruiting them is getting harder because of immigration restrictions in the US. “With the current issues that there are with H-1B visas there\’s even more pressure,” Ballmer said. The H-1B visa gives its holder permission to work on a temporary basis in the US in a specialty occupation.
Universal News
http://blogs.mindbodynsoul.com
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GOOGLE growing insanely BALLMER
Ballmer calls Google’s growth plans ‘insane’ | CNET News.com
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Thursday, March 8th, 2007
| The E`sob’story |
| March, 08th 2007 |
| The incongruity of the tax basis arises largely from the fact that, unlike in any other country, India now seeks to tax the employer for a benefit/income which accrues to the employee, most of it without the employer having granted it or having any control over it. |
The recent proposal in the Budget for levying Fringe Benefit Tax (FBT) on employers Employees Stock Option Plans (ESOPs) is a complete reversal of the policy on the issue in place over the last 5-6 years. The current scheme exempts employees from taxation if they sell the scrips got in an ESOP plan within one year from exercise. The proposed amendment throws up issues of technical interpretations and the tax impact for the employer. Some of these may become clearer once the rules prescribing the Fair Market Value (FMV) for the purpose of valuing fringe benefits are notified. But till such time employers are saddled with a problem they never bargained for and will have to work out solutions to mitigate the unexpected problems. This article aims to briefly list out the harshness or multiple-wammy created by the introduction of this new provision. It also looks at the reasons which seem to be prompting the Finance Minister to introduce such changes and suggest some alternatives which may lead to a more rational way of taxation, should the Finance Minister wish to take away the concessional tax treatment granted to ESOPs.
Key concerns The key concerns from the employer’s perspective are:
To start with, the employer suffers a hit to its Profit and Loss Account of the notional benefits to the employee at the time of the grant of the ESOP, equal to the discount in relation to the prevailing market value.
While the P&L takes a hit, there is a question mark on the deductibility of such “expense” for the purposes of computing employer’s taxable income.
On top of that, the employer is required to pay the FBT not only on the discount at the time of the grant but also in the appreciation of the value of shares in future (over which the employer has no control). To compound matters, such FBT paid by the employer is not tax-deductible and effectively equal to much higher post-tax expenditure.
Further, as a lot of these employees who receive ESOPs may be mobile and render services in different tax jurisdictions between the grant and exercise of the stock option, they may end up having tax obligation abroad on some part of the benefits arising out of the ESOPs. While they may not themselves suffer double taxation, there would be an economic double taxation on account of the FBT paid by the employer not being creditable against the tax paid by the employee abroad.
Lastly, foreign companies having presence in India by way of a branch/Permanent Establishment/ presence of employees may also end up having additional burden of tax by way of FBT on ESOPs, thereby substantially raising their effective tax in India.
Interpretational issues Apart from the above, quite a few interpretational issues are being debated in industrial/professi onal circles, andinclude:
Will the FBT for employer be 33.99 per cent or a lower rate, based on valuation rules to be prescribed?
What is the cost basis for employee for the purposes of determining capital gains when the options are sold at a later date?
In fact, some quarters are also debating whether the proposed amendments will take away the obligation of the employees for payment of taxes on the stock option.
Can the employer contractually/ tax-efficiently recover the FBT from the employee? Leaving aside the interpretation issues for the moment, it is suggested that, at a conceptual level, if the benefits of stock options are to be taxable, the levy must fall on the person deriving the benefit. Even where the benefit is sought to be taxed in the hands of the giver, it should be limited to the extent of the benefit granted and not beyond that. Such a scheme of taxation should also provide for matching deduction and credits so that economic double/multiple taxation is avoided. Unless such equity is bought about in the taxation, the concept of stock option may have a premature demise.
Suggested changes In the light of the above, conceptually, the following changes should be considered by the Government in the scheme of stock option taxation:
The FBT on the employer, if at all, should be limited to the discount to the market value on the date of the grant, as is required to be debited in the books of accounts under the accounting standards/guideline s applicable.
Correspondingly, such expenditure should be clearly allowable as a deduction against the taxable income of the employer.
Any forfeiture of such options resulting in disentitlement for the employee and reversal of such benefits should culminate in a corresponding deduction in the FBT obligations in future.
The benefit to the employee in the appreciation of the share price over the exercise price may, if at all, be taxed in the hands of the employee at the time of the exercise. However, ideally, as the employee does not realise any gain at that stage, there should be no taxation then, but only post ultimate sale of shares. When such profit, which is in the nature of capital gains, accrues, it should be treated just like capital gains on shares, as applicable to any other investor. Given the importance of stock options to the growing economy of India, which is competing to reward its human resource, the industry should make a strong representation to the Finance Minister to withdraw the proposed amendments or to introduce a grand-father clause which seeks to apply the changes in law only prospectively.
Nikhil Bhatia
(The author is Partner, BSR & Co, Mumbai.)
Observations :
Nikhil Bhatia has rightly said Given the importance of stock options to the growing economy of India, which is competing to reward its human resource, the industry should make a strong representation to the Finance Minister to withdraw the proposed amendments or to introduce a grand-father clause which seeks to apply the changes in law only prospectively.
Industry must protect the interests of the new generastion as the ESOPs are by and large given in the high tech areas of business . I f these are not protected there is a possibilty of more talent migrating from India to those countries where such taxes are not imposed .
The August body of Parliament must DISAAPROVE this proposal of the Honourable FM to allow the wealth creation by those who help companies create intellectual and physical properties which are the present and future wealth of our nation .
EVERYONE must read INDIA DEBATES-WHY SHOULD INDIA NOT GET THE PATENT OF “ARYABHATS” “ZERO at http://blogs.mindbodynsoul.com/wp-admin/edit.php?paged=4
If you can’t support the R & D at least donot disturb whatever is going on . Be Blessed Her Holiness Maha Maya Ananta http://www.mindbodynsoul.com
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Posted in CURRENT NEWS AFFAIRS, ECONOMY, WEALTH, MONEY, INVESTMENTS, mindbodynsoul.com, Energy, CAREERS, BUSINESS, TIME, LIFE, ABUNDANCE, AFFLUENCE, GOD, POSITIVE MENTAL ATTITUDE, HER HOLINESS MAHA MAYA, RICH, LAWS, TODAY, PUBLIC, VOTE BANKS, SOCIETY, COUNTRIES, HUMAN BEINGS, INTERNATIONAL POLITICS, WORLD AFFAIRS, COMMON WEALTH, INDIA, PHILOSOPHY, MIND, PATENT RIGHTS, ZERO PATENT | 12 Comments »
Tuesday, January 9th, 2007
Posted in CURRENT NEWS AFFAIRS, ECONOMY, WEALTH, MONEY, INVESTMENTS, mindbodynsoul.com, Energy, internet, Home Business, CAREERS, BUSINESS, BUSINESS ONLINE, TIME, LIFE, ABUNDANCE, AFFLUENCE, GOD, UNIVERSAL SOUL, POSITIVE THINKING, POSITIVE MENTAL ATTITUDE, HER HOLINESS MAHA MAYA, RICH, LAWS, VITAL LIFE FORCE ENERGY, TODAY, PUBLIC, SOCIETY, COUNTRIES, HUMAN BEINGS, INTERNATIONAL POLITICS, U.S.A, U.K, WORLD AFFAIRS, COMMON WEALTH, INDIA, SCIENCE, SCIENTIST, MIND, CURRENT NEWS | 719 Comments »
Friday, January 5th, 2007
Free lance Investment Banker for Financial Syndication, VC, PE for the World’s Largest Portal
We have created a world class portal for the development of human beings into self reliant,
abundant and affluent enterprising people to transform today’s social systems into Healthy,
Wealthy and Wise vibrating life force energies of tomorrow.
A great lot of effort and man hours have been put into it besides the promoters capital.
Till now we are only supported by little bit of google ppc ads.
We intend creating regular unique and original text, audio and video content
on 24×7 basis hoping to cover the entire cosmos and the MINDBODYNSOUL.
The time and new technologies are ripe now for the portal to be given a massive launch
from this level ahead.
We require funding to achieve this marvel as we are sitting on the richest treasures
of original, real content of the Vedas and scriptures in the entire India with our devoted
connections with the seers and sages, Yoga and spiritual lights of the Universe.
Positive thinking mind body n soul speaks some great things coming up
at www.mindbodynsoul.com and http://blogs.mindbodynsoul.com.
The portal wants to create and market online in house creations on Audios, Videos
and other formats like IP TV.
We look for an experienced investment banker with hard core contacts and performance
in the start up funding of second round for this portal which will be the search engine cum
directory of it’s kind also in it’s field.
The site will have some very high value e commerce services like matrimony which
is the hottest product in this part of the world.
Social networking, bookmarkletable, authority sites and online courses of many high
quality subjects on nature care and alternative Healing System, Ayurveda, Yoga and
Universal life force energy enhancement and healing for all groups men women and children.
Entire world with 6 billion plus people are our audiences and we shall always be there to hold
their hands to walk them through their minds to make them realise that they are the light and
sound vibrating and dancing enery children of the god the universal soul and are travelling the heavenly
planet mother earth as spiritual beings of the divine light to get the human experience.
The subject is very noble and for the investors there is lot of money in it in the activities
of the portal mentioned above. The exit rout will be easy from now on to next 3 to 5 years.
We are in fastest growing emerging market of world.
The investors will be rewarded well besides their money doing great Philanthropic Activites.
People dedicated to the cause of quality life and sciences for the developement of humanity
with passion can join in on performance based remuneration from business plan to the final
round of value based funding.
The remuneration will be justified to the standards of the financial services business.
Rakesh Choudhary
Tags:ABUNDANCE AFFLUENCE AYURVEDA BODY BUSINESS BUSINESS ONLINE CAREERS COMMON WEALTH COUNTRIES CURRENT NEWS ecommerce Economy Energy enterpreneurship FAMILY freelance funds GOD health HER HOLINESS MAHA MAYA home business HUMAN BEINGS humanbeings INDIA internet investmentbanker Investments ipo LAWS LIFE MIND mindbodynsoul.com Money PATENT RIGHTS PHILOSOPHY POSITIVE MENTAL ATTITUDE POSITIVE THINKING profits RICH SOCIETY SOUL TIME TODAY tomorrow U.K U.N U.S.A UNIVERSAL SOUL VITAL LIFE FORCE ENERGY Wealth WORLD AFFAIRS www.mindbodynsoul.com |
Posted in CURRENT NEWS AFFAIRS, ECONOMY, WEALTH, MONEY, INVESTMENTS, mindbodynsoul.com, Energy, internet, Home Business, CAREERS, BUSINESS, BUSINESS ONLINE, TIME, LIFE, ABUNDANCE, AFFLUENCE, GOD, UNIVERSAL SOUL, POSITIVE THINKING, POSITIVE MENTAL ATTITUDE, HER HOLINESS MAHA MAYA, RICH, LAWS, VITAL LIFE FORCE ENERGY, AYURVEDA, TODAY, SOCIETY, COUNTRIES, HUMAN BEINGS, U.S.A, U.K, U.N, WORLD AFFAIRS, COMMON WEALTH, INDIA, PHILOSOPHY, MIND, PATENT RIGHTS, CURRENT NEWS | 1138 Comments »
Wednesday, December 27th, 2006
London, Dec 27 (PTI) NRI steel tycoon Lakshmi Mittal has made it clear that he is not keen on becoming Chairman of Arcelor-Mittal next year and the world’s largest steel producer could start looking for an outside non-executive chairman when Joseph Kinsch retires.
“I don’t have the aim of being the Chairman,” Mittal, President and Chief Executive of the company, told The Financial Times.
When Mittal Steel finalised the 18 billion pounds purchase of Arcelor, Mittal had indicated that he would become Chairman when Kinsch retires next year. But since then he had become Chief Executive after Roland Junck, a former Arcelor manager appointed in August, was moved aside last month.
Though he admitted that he could do both the job as Chief Executive and Chairman, Mittal said “I don’t have the aim of being the Chairman.” To address concerns that Mittal would have too much control if he took on both roles, the steel group, producing 110 million tonnes steel per annum, could start a search for an outsider to share some power with Mittal who owns 45 per cent of the company. His son Aditya Mittal is in place as the group’s finance chief.
Another possibility, Mittal said, was that Kinsch — formerly Arcelor chairman — could continue beyond his intended retirement date. PTI
source PTI.
http://blogs.mindbodynsoul.com
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Monday, December 18th, 2006
Posted in CURRENT NEWS AFFAIRS, ECONOMY, WEALTH, MONEY, INVESTMENTS, mindbodynsoul.com, Energy, internet, Health, BUSINESS, BUSINESS ONLINE, TIME, LIFE, ABUNDANCE, AFFLUENCE, GOD, UNIVERSAL SOUL, HER HOLINESS MAHA MAYA, RICH, POLITICS, LAWS, VITAL LIFE FORCE ENERGY, TODAY, PUBLIC, VOTE BANKS, SOCIETY, COUNTRIES, HUMAN BEINGS, Eco Friedly Energy, INTERNATIONAL POLITICS, U.S.A, U.K, U.N, WORLD AFFAIRS, COMMON WEALTH, POWER POLITICS, INDIA, SCIENCE, SCIENTIST, PHILOSOPHY, CURRENT NEWS, ELECTIONS | 2 Comments »
Saturday, December 9th, 2006
Posted in CURRENT NEWS AFFAIRS, ECONOMY, WEALTH, MONEY, INVESTMENTS, mindbodynsoul.com, laughter, Energy, internet, Home Business, Health, CAREERS, BUSINESS, BUSINESS ONLINE, TIME, LIFE, ABUNDANCE, AFFLUENCE, GOD, UNIVERSAL SOUL, POSITIVE THINKING, POSITIVE MENTAL ATTITUDE, HER HOLINESS MAHA MAYA, RICH, RELIGION, POLITICS, LAWS, VITAL LIFE FORCE ENERGY, MEDITATION, TODAY, PUBLIC, SOCIETY, COUNTRIES, HUMAN BEINGS, Eco Friedly Energy, INTERNATIONAL POLITICS, U.S.A, U.K, U.N, WORLD AFFAIRS, COMMON WEALTH, POWER POLITICS, INDIA, SCIENCE, SCIENTIST, PHILOSOPHY, MIND, CURRENT NEWS | No Comments »
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