Tag: India

Reliance Infotel, a communication based subsidiary of Mukesh Ambani owned Reliance Industries Limited acquired 38.5% stake in Extramarks Education, a firm which provides digital learning in all parts of India. By acquiring these stakes, Infotel plans to strengthen its content pipeline to pioneer 4G revolution in India.
Reliance Infotel invested in Extramarks Education through an affiliate company Reliance Strategic Investments. Details about the amounted invested remain undisclosed. Sources say that RIL will infuse fresh capital and there will be no dilution of equity in Extramarks.
Infotels investment in Extramarks Education will help the latter continue with its growth plans for developing services and deepening market penetration. Extramarks Education broadens learning experience for students by providing computer aided learning. Its education support aims at reaching out to students even in the remotest locations, anywhere and anytime.
Extramarks Education intends to use the funding for executing new learning projects and new technologies to render study help at affordable prices. Extramarks Chairman, Atul Kulshreshta said, The relationship with Reliance is the start of an exciting phase for Extramarks. Over the last two years, we have progressed on our journey of revolutionizing the domestic education sector through technology enabled smart solutions and active participation in infrastructure development.
He added that the alliance with Infotel will help to accelerate the mass penetration which will prove to be beneficial for thousands of Indians, as it will cater quality education and study help at their doorstep.
Last year, Reliance Industries Limited acquired 95% stake in Infotel Broadband after investing Rs 4,800 crore and made it a subsidiary of RIL. Reliance Infotel is the only company which won licenses in 22 circles in Pan India Broadband Wireless Access (BWA) during the auction for BWA 4G Spectrum.
Infotel plans to roll out high speed internet services, data cards and latest handsets at affordable rates by early 2012. In order to lead India into 4G broadband services, RIL intends to strategize relations with leading global technology vendors, service providers, infrastructure providers, device manufacturers, etc.
Reliance Infotels content portfolio is expected to strengthen by the acquisition of 38.5% stakes in Extramarks Education. It will help Reliance grow its business in the education sector, as it strongly focuses on delivering content using information and communication technologies.

Education is what survives, when what has been learnt has been forgotten.

The education system in India is considered to be one of the largest and most ancient ones in the world .The history of the education system in India dates back to the first centuries, when the young children were taught in the Gurukuls and Guru-Shishya system was the most common means of education After that famous universities like Nalanda, Takshashila, Ujjain and Vikramshila came into existence and enhance the scope of students. In modern times, the education system in India is divided into different stages or levels which are been provided in numerous schools, colleges, universities and other institutions.
Indian schooling takes basically fourteen years from childs lifetime, starting with the nursery classes where a child learns the basic alphabets of English and other tools of the basic subjects. The idea is to develop the capability of recognizing and understanding the things around the kids. As the student gets promoted to the higher classes, he comes to know about the various aspects of our society. All this time, its not just the books that are included in the course curriculum to develop in him the skills of being a hard working child that believes to go deep in to the concept rather than becoming just a regurgitate, sports and other cultural activities are also added up in the day routine so that the refreshment along with the development of new skills may be developed in the child. Here I must not forget to add a new plan of CBSE for the class IX onwards students which is called CCE, Continuous and Comprehensive Evaluation, in which the student will be evaluated regularly and diagnosed frequently not only on the basis of his performance in academics but his interest in extracurricular activities and complete behavior towards the environment.
India’s higher education system is the third largest in the world, after China and the United States. The main governing body at the tertiary level enforces its standards, advises the government, and helps coordinate between the centre and the state. Some institutions of India, such as the Indian Institutes of Technology (IITs), have been globally acclaimed for their standard of education. The IITs enroll about 8000 students annually and the alumni have contributed to both the growth of the private sector and the public sectors of India.

With its plurality and paradoxes, India never ceases to fascinate. And education in India is only on among various other elements that have captured the attention of the world. While the United Nations is worried about the presence of a large number of illiterates, various other countries are amazed by the quality of some of the human resources that the Indian education system has produced. From an integrated and synergic viewpoint educational system constitutes the foundation of the legal, administrative, civic and developmental domains of unfolding India of tomorrow.

Sometime Credit in the account of one or more heads of Excise duty i.e Cenvat, Education Cess & SHE Cess has been piled up due to various reasons. Now the question is whether payment of one head can be done from the Cenvat credit lying unutilized in Account of other head.

The answer of the above question is given in Rule 3 of Cenvat Credit Rule 2004. As per Proviso to Rule 3(7) (b) of Cenvat Credit Rule 2004 which are produced below there is a restriction regarding use of Cenvat Credit of Education Cess & Secondary Education Cess for payment of only Education Cess & Secondary Education Cess but there is no vice versa restriction which means that Cenvat Credit of Education Cess & Secodary Education Cess can be used for payment of Education Cess & Secondary Education Cess only, no cross adjustment is possible in this case.

Proviso to Rule 3(7) (b) of Cenvat Credit Rule 2004

Cenvat credit built up out of education cess can be utilized only for payment of education cess on excise duty and service tax. It can not be utilized for the payment of excise duty, service tax and secondary higher education cess.

Cenvat credit built up out of secondary higher education cess can be utilized only for payment of secondary Education cess on excise duty and service tax. It can not be utilized for the payment of excise duty, service tax and education cess.

As far as utilisation of Cenvat Credit of Basic Excise Duty is concerned there is no such clause which restricts the assessee from using the Cenvat Credit of Basic Excise Duty for payment of Education Cess & Secondary Education Cess. So if there is no restriction then Cenvat credit of Basic Excise Duty can be used for payment of Education Cess & Secondary Education Cess. In addition to this the same issue has been already decided in case of 2009 (233) ELT 0221 (Tri. – Ahmd.) Commissioner of Central Excise, Vapi Versus Donear Inds. Ltd. by holding that credit of Basic Excise duty can be utilized for payment of any duty of excise.

About Central Excise:-
Central Excise is a Governmental body which is run by the Central Board of Excise and Customs. Central Government under the authority of Entry 84 of the Union List (List 1) under Seventh Schedule read with Articles 268 to 281 of the Constitution of India.
Central excise duty is the tax levied by central government on goods manufactured in India & custom duty is levied on goods imported from other countries.

India is a developing country. The main factor that has made India a developing country is its poor educational field leading to illiteracy and subsequently poverty. These are the two main problems India is facing at the moment. More than 80% of the population in India depends on agriculture and out of this number; about 60% of the population is illiterate. Thus, the basis of all major problems is illiteracy.

It is extremely important that females be educated so that they can play a pivotal role in the development of their childrens characters When a female is educated she attains knowledge, gains power that helps in herself development .When she has a family it influences her family life in various ways. This helps the society to improve and develop in all aspects .This gradually leads the country to progress and achieve its goals. When a female is educated she helps educate many generations through her own knowledge and talents. Therefore, literacy and good education can solve many of the problems of developing countries .In all aspects education is an essential factor that helps in bringing about various changes to ourselves as human beings and also to the society. Through education, we can achieve all that we want and can work on saving our precious resources to meet growing demands of the population.

As mentioned earlier, poverty is one of the major problems that India faces. When speaking about population the first thing that comes to our minds is the slums in India. Today slum dwellers make up for about 60% of Mumbai’s population that is about 7 million people. These slums mainly spread into the areas neighboring Byculla, such as: Parel, Mahim Creek, Dadar and Matunga and wherever else they can find space, even on roads. The conditions in the slums are dreadful. Slum inhabitants constantly have to deal with issues such as, lack of water, no sewage or solid waste facilities, constant migration, lack of public transit, poor education, pollution and housing shortages. Infant mortality is very high in rural areas of India where there are no amenities.

In order to deal with the menace of poverty and illiteracy, many NGOs in India have come up with programs whereby imparting education for slum children.

These NGOs provide all the students with free education including free study material, free uniform and free occasional medical checkups. Some NGOs are running schools in various city slums with foreign assistance. They are playing a key role in imparting education for slum children but there is always a question about the standard of education in those schools as there is a lack of regular monitoring, education materials and skilled manpower. The Central Government of India is also playing a crucial role in providing education for slum children. It has also announced that a new welfare scheme has been created , which will with immediate effect eliminate and eradicate, all problems of slum children, including poverty, lack of education and health facilities, child labor and abuse. This program is also concentrating on providing education for the slum children, who could make a decent life for themselves in the future.

Globalisation is a word, which we have been hearing from quite a long time now. The concept of globalisation has affected almost every sector and a positive growth has been seen in the overall financial status of the country. Students have a major role to play in the development of the country, forming the stature of which is the responsibility of the colleges of India. Education is a sector, which directly adds to the growth factor of the country. It is because, if the citizens of the country will be educated, then only they would be able to add their contribution towards the countrys growth. Good educational institutions, hi- tech colleges, advanced schools, are the resultants of the globalisation. The colleges in India have adopted the advanced teaching technologies, to make the students aware of the latest developments in the respected fields.

The education system in India has always been considered as the best all over the world. The Indian colleges and schools have been given preference over the other educational institutions around the world. The colleges and the schools in India, has produced great minds of the society. Indian students are always high on demand, because of their intelligence and the calibre possessed by them. The developments all over the globe, has made the education sectors of different countries adopt the change in education systems. The colleges and the schools of India can also be seen adopting these technologies, leading to the betterment of the education system of the country.

The education imparted in the schools and colleges of India is considered as an investment, which is done by country as well as the parents of the children to ensure a bright future for themselves and their children. The knowledge which is disseminated to the students is in all ways a very profitable investment that the students and the parents make to see that they both have secured future. Education is something, which cannot be taken by anyone; you need to have great mindset to adapt yourself to the changes in the education system. Its an asset which can be used a person all over his life to earn money and let his living go on. Education does not only helps in earning money, but name, fame and respect are also the very important attributes which are follows a well educated and an elite person.

We always tend to say, that the country or the colleges in India has world class facilities in terms of education and the education system matching the standards of the industries across the world. This is because to match our steps in terms of development with other countries of the world. Education is the most basic and the utmost important factor, which binds countries together and is responsible for bringing in the concept of globalisation. Education has become an important link between the countries to work together and do business with each other. There are many fields, which help in the binding of countries with each other, but if we think deeply, then each field is a result of the education type and the courses imparted in the respective field.

Globalisation is a phenomenon, which has impacted the whole world and so has the education system of India. A major change can be seen in the structure, format and the style of teaching in the schools and colleges of India. The teachers and the professors in these institutions are given special training to update themselves about the latest teaching trends of the society and make the students learn the latest technologies and the methodologies to compete with the outer world. The globalisation in education has also lead to an increase in the competition between the students. With the entry of foreign students in the country, it has become more important for the students to update their skills frequently and beat the world with their knowledge.