2012 in review

The WordPress.com stats helper monkeys prepared a 2012 annual report for this blog.

Here’s an excerpt:

4,329 films were submitted to the 2012 Cannes Film Festival. This blog had 34,000 views in 2012. If each view were a film, this blog would power 8 Film Festivals

Click here to see the complete report.


India’s first Mobile Application for Women Safety

Tech Mahindra had long back developed an application called FightBack which was being used only by the staff members of Mahindra Group.
After the gang-rape of a woman in New Delhi, Mahindra’s has now thrown open this smart phone application for public use, beyond Mahindra employees.
The FightBack application tracks a user’s location and sends SOS messages to selected contacts in case of an emergency.
This application is now available for download on the company website for free & IS ONLY FOR INDIAN MOBILE NUMBERS.
The FightBack app allows the user to press on a panic button whenever he/she feels unsafe.
It tracks the location using GPS and alerts chosen contacts about the location map and is available on Android and Blackberry.

Aadhaar – UID – is it anti-people ?

This is an excellent 9-part series which examines UID-Aadhaar in all its aspects, security, legality, privacy, practicality and much more.

Is UID anti-people? The database state –Part1

Is UID anti-people? –Part 2: A bundle of contradictions, misconceptions & mirages

Is UID anti-people?-Part 3: Tall claims and tomfoolery of UID

Is UID anti-people?-Part 4: Does the implementation smack of corruption and negligence?

Is UID anti-people?–Part 5: Why UID is impractical and flawed “Ab initio”

Is UID anti-people?–Part 6: The foundation for incessant intrusion

Is UID anti-people?–Part7: Incarnation of new geo-strategic tools, NCTC, NATGRID, UID, RFID and NPR

Is UID anti-people?–Part 8: UID’s security is flawed

Is UID anti-people?-Part 9: Law makers as law breakers

Aadhaar for LPG Gas Cylinder Connections

The Government of India is launching “Direct Transfer of Cash Subsidy to Domestic LPG customers” in the districts of Amravati, Nandurbar, Mumbai+Suburban, Pune & Wardha of Maharastra State and in the districts of East Nimar (thandwa), Harda & Hoshangabad of Madhya Pradesh State.

All the domestic LPG customers will then get subsidy directly in their Aadhaar linked bank account for 6 LPG cylinders per financial year only, if they provide:

1. Aadhaar Number

2. Link their Aadhaar Number to their Bank Account

If you have an Aadhaar letter and a savings bank account linked to your Aadhaar Number => Go to your LPG Distributor and submit it (for verification carry your Original Aadhaar letter)

aadhaar 1

If you have Aadhaar letter but do not have a savings bank account linked to your Aadhaar number = > Link your savings account  to your Aadhaar number by visiting your Bank = > Create your Aadhaar Registration Sheet  (as shown in Sample) => Go to your LPG Distributor and submit it (for verification carry your Original Aadhaar letter)

It you do not have your Aadhaar letter
 => Visit the Aadhaar Enrolment center in your area => Get your Aadhaar letter =>  Create your Aadhaar Registration Sheet  (as shown in Sample) => Go to your LPG Distributor and submit it (for verification carry your Original Aadhaar letter)

Addhaar in LPG marketing is expected to improve portability, increase competition, enhance customer satisfaction, streamline subsidy disbursement and reduce subsidy outgo.

1. At the time of enrolment Aadhaar number is validated through biometric and demographic authentication.
2. Customer places a refill request to the distributor through various channels.
3. The refill request is updated automatically or the distributor enters the same in the application.
4. Distributor loads the details of the day’s delivery into a PoS device.
5. The delivery boy carries the PoS device and filled cylinders to customer premises.
6. Aadhaar Authentication request of customer sent to CIDR (UIDAI system).
7. Online verification response from CIDR to PoS device, followed by receipt of empty cylinder, printing of cash memo and collects payment at market price against delivery.
8. The information from handheld device is uploaded into OMCs central system real time.
9. Central server sends a batch file at predefined frequency with Aadhaar Numbers of Customer (beneficiary) and subsidy amount to be paid to Sponsor Bank.
10. Sponsor Bank initiates cash transfer through NPCI Gateway to the bank account of the Customers.

More information at http://www.indane.co.in/aadhaar.php

LPG subsidy cash to be deposited in your a/c by July 2013! – Click Here for more information

For more detailed information on Aadhaar enabled Service Delivery – Click Here

Difference between NRE and NRO Accounts

NRE deposits are emerging as an attractive investment option, according a report in theBusiness Standard today. “With global interest rates continuing to remain low, non-resident Indians (NRIs) can use the non-resident (external) rupee account (NRE) as an attractive option to park their funds,” said the report quoting experts.  For those who can’t tell an NRE account from an Non resident ordinary rupee account, here’s a quick guide.

As an NRI you can open two kinds of savings accounts in India— non-resident rupee accounts (NRE), and non resident ordinary rupee accounts.

Click Here for the full story

M-20 Bond FAQs

Q-01. Whether M-20 bond is compulsory for all the committee members?
Ans: MC Members of co-operative housing societies in Maharashtra are exempted from signing M 20 Bonds w.e.f. 06.09.2012.

02. What is the effective date for filing M-20 bond
Ans: Within forty five days of their election (Within 15 days in case of committees having assumed the office prior to 14.01.2011 and within 45 days in case of committees assuming the office after 14.01.2011 as per the Maharashtra co-operative societies (Amendment) Act, 2010 (MAHARASHTRA ACT NO.11 OF 2011) published in the “Maharashtra Government Gazette” Dated.14.01.201 1).
If the Managing Committee member fails to execute the bond within the specified period, then such member shall be deemed to have vacated his office as member of the Managing Committee.

03. Whether M-20 bond is to submit to registrar is compulsory.
Ans: Although Rule 58(a) says to notify the Deputy Registrar about M – 20 Bonds having signed, it is important to submit copies of M-20 Bonds to the registrar under acknowledgement.

Q – 04. When was this law is made (i.e. from which year is effective)
Ans: Signing of M – 20 Bonds for housing societies was given effect by Section 73(1AB) of the MCS Act., 1960 R/w Rule 58 (a) of MCS Rules, 1961 w.el. 23.08.2000.

05. Whether as on today this law is applicable.
Ans: No. Govt. has exempted co-operative housing societies from the provision of signing mandatory M-20 Bonds. The GR No. CSL – 2012 / P.R. 402 / 15 – S, Dated 06.09.2012 for exemption is announced using powers U/s. 157 of MCS Act, 1960 (1961 Mali 24)

Relevant all GRs available our Association office Contact 42551414

J.B.Patel (jeby)- HOUSING SOCIETIES ACTIVIST Mobile : 9820538570, Eamail : jebypatel@rediffmail.corn

Save more in provident fund, but take home less as salary

A recent circular issued by the EmployeesProvident Fund Organisation – which comes under the ministry of labour and employment – will reduce the take home pay of salaried employees. As per this circular, various allowances paid to employees will have to be added back to the basic salary and provident fund contributions computed against this higher value. This, in turn, will mean a lower take home pay.

The circular dated November 30, 2012, was issued after internal review meetings held in late November and has been forwarded to Employee Provident Fund offices across India.

Historically, most companies have been computing provident fund (PF) contributions (at 12% each by the employer and employee) against basic salary and dearness allowance only. However, the definition of basic wages has been a contentious issue, with PF authorities claiming that companies split the basic wages into various allowances to reduce the quantum of PF contributions.

Click Here for details.


Banking Codes & Standards Board of India (BCSBI)

The Banking Codes & Standards Board of India (BCSBI) is an independent and autonomous watch dog to monitor and ensure that the Banking Codes and Standards adopted by the banks are adhered to in true spirit while delivering their services.

The Banking Codes and Standards Board of India has been registered as a separate society under the Societies Registration Act, 1860. Therefore, it would function as an independent and autonomous body.

The Banking Codes and Standards Board of India is not a Department of the RBI. Reserve Bank has agreed to lend it financial support for a limited period. It is an independent banking industry watch dog to ensure that the consumer of banking services get what they are promised by the banks.

To ensure that the Board really functions as an autonomous and independent watchdog of the industry, the Reserve Bank also decided to extend financial support to the Board by way of meeting its full expenses for the first five years. This was to enable the Board to reach its economic critical mass that will make it truly independent in its functioning and take a view on any bank without its existence coming under any threat. On its part, RBI would derive supervisory comfort in case of banks which are members of the Board. In substance, the Board has been set up to ensure that common man as a consumer of financial services from the banking Industry is in a no way at a disadvantageous position and really gets what it has been promised.

Click Here for their website

Code of Bank’s Commitment to Customers – August 2009

Code of Bank’s Commitment to Micro & Small Enterprises – August 2012