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  • 28 Jul, 13:36
    Admin User
    CRYPTOJACKING EMERGING AS NEW PROBLEM “CONTROL CYBERCRIME USE KALI LINUX AND FEDORA SECURITY LAB AND BACKBOX LINUX “FOR SECURITY AUDITING” more...
  • 27 Jul, 23:29
    Admin User
    PROTECT THE PUBLIC INTEREST “JUSTICE SHOULD NOT BE LIMITED TO ONLY PETITIONER” JUDICIARY STRENGTHENING PIL IS VERY IMPORTANT more...
  • 26 Jul, 14:56
    Admin User
    “FINANCE” IS THE BACKBONE OF BUSINESS “BORROWER GETS AT LEAST 17 MONTHS TIME AGAINST THE DEFAULT” “NO TRADE OR INDUSTRY CAN RUN WITHOUT FINANCE” more...
  • 25 Jul, 21:13
    Admin User
    “BOOTSTRAP AND YOUR CUSTOMERS ARE BEST INVESTORS” COMPANIES HAVE VC INDEPENDENT BUSINESS MODELS “SKILL DEVELOPMENT” IS MUST more...
  • 24 Jul, 23:28
    Admin User
    “CUBICLES TO RETURN OFFICE SPACE TO SEE BIG CHANGES”WORK FROM HOME/REMOTE WORKING “LERAN FROM HOME” A NEW NORMAL “THE WAY TO SUCCEED” more...
  • 23 Jul, 12:10
    Admin User
    CROWDFUNDING SITES FOR SOCIAL ENTREPRENEURS IF MONEY IS THE ONLY THING STOPPING YOU FROM DOING SOMETHING GOOD IN THE WORLD more...
  • 22 Jul, 13:37
    Admin User
    THE INFORMATION DEPARTMENT SHOULD NOT SHUT THE DOORS OF VIDHAN SOUDHA TO “WEB PORTALS EDITORS” AND“ONLINE JOURNALISTS” more...
  • 20 Jul, 11:42
    Admin User
    PRIOR EXPERIENCE, TURNOVER LIMITS EARNEST MONEY DEPOSITS SOURCING POLICIES IMPEDE OPPORTUNITIES FOR INDIAN SMALL IT COMPANIES AND STARTUPS more...
  • 19 Jul, 00:09
    Admin User
    GOVERNMENT ALLOTTED LAND TO FARMERS IN GROW MORE FOOD PROGRAMME IN 1942 STILL GMF ENTRIES CONTINUED IN RTC more...
  • 18 Jul, 01:12
    Admin User
    BJP PROCLAIMED IN 2014 ELECTION “TAX TERRORISM” IS THE BIGGEST THREAT TO INDIA IT WOULD STOP IT BUT RAHUL GANDHI GETS TAX NOTICE IN SECTION 8 COMPANY more...

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M.S.Yatnatti Editor Property Politics
CRYPTOJACKING EMERGING AS NEW PROBLEM “CONTROL CYBERCRIME USE KALI LINUX AND FEDORA SECURITY LAB AND BACKBOX LINUX “FOR SECURITY AUDITING”
by Admin User - Wednesday, 28 July 2021, 01:36 PM
 

By : M.S.Yatnatti: Editor and Video Journalist Bengaluru : According to reports crypto jacking is another new threat in India, where cyber criminals hack into enterprise or individual systems to use the computing power to mine crypto currencies. This slows down the computers dramatically without the company's knowledge. India ranked second in the Apac region for this threat and ninth globally. Cryptocurrency mining requires enormous amounts of computing power. India has emerged as the third-most affected country in terms of cyber threat detections, after the US and China, in 2017. India rose a rank up from 2016 and saw almost 5% of all global threat detections, according to an annual security threat report by cyber security company Symantec.

Prevention is always better than cure. It is always better to take certain precaution while operating the net. Cyber crime refers to any criminal activity that takes place over the Internet. Examples include fraud, malware such as viruses, identity theft and cyber stalking. Never open suspicious documents. Don't give out personal information to people you don't know. And be wary when approached with a suspicious proposition. You can also configure your computer to stop potential cyber criminals from gaining access to sensitive information. Use strong passwords on your accounts that are difficult to guess. Include both letters and numerals in your passwords. Never use a word that is easy to guess -- like your wife's name. Precaution, Prevention, Protection, Preservation and Perseverance for online security. Website owners should watch traffic and check any irregularity on the site. Putting host-based intrusion detection devices on servers will serve the purpose. It is not possible to eliminate cyber crime from the cyber space. It is quite possible to check them. History is the witness that no legislation has succeeded in totally eliminating crime from the globe. The only possible step is to make people aware of their rights and duties and to guard ourselves so that crime has no effect on us.The experts said companies must have a chief cyber security officer and data systems should function on a need to know basis. Recent revelations about leakage of Aadhaar da ta and corresponding transaction data are serious concerns as government is integrating Aadhaar number to various services,“ the study said. Pointing out that post-demonetisation, digital wallets such as PayTM and BHIM gained prominence, last year also saw cyber attacks that compromised more than 3 million ATM and debit cards through Hitachi-engineered ATM machine hacking.The experts said a wider net needed to be cast by the Indian banking system and the government to engage cyber security experts from top institutes as advanced layer of protection was missing in most financial institutions. Quoting a report, the IIT-K experts said India may need $4 billion investment in the private-public model. In its recommendations, the experts said companies must have a chief cyber security officer and data systems should function on a need to know basis. The experts felt that existing cyber security frameworks like CERT-IN was inadequate as there were insufficient inter-disciplinary connections and the governmentprivate sector partnership was neither deep enough nor did it provide the required expertise. New police chief and commissioer of Bengaluru Police T Suneel Kumar conceded on reportedly speaking to reporters that the police force is illequipped to deal with increasing cybercrimes, but said the problem was not unique to the country's IT capital alone .“Cybercrime is increasing across the world and in the country too. The police department is establishing a separate cyber cell in each police station across the state to tackle these cases. There needs to be renewed focus on training,“ Kumar said soon after taking charge. He said: “Special attention will be given to cyber security and we''ll train our personnel.We'll rope in experts from various fields to help us.“.The corporate need to appoint chief information security officers to control cyber crime risks.Demonetisation and the subsequent push for digitisation has reportedly escalated risks relating to cybercrime and reportedly India needs to urgently upgrade its defenses by setting up a cyber security commission on the lines of the Atomic Energy and Space Commissions, according to an IIT-Kanpur study shared with Parliament's committee on finance.Noting that the government has initiated a number of programmes to enhance the participation of citizens in the fully digitalised economy , the study said cyberse curity centres set up by the Reserve Bank of India (RBI) would be insufficient. “While RBI centres often come to IITs such as IIT-Kanpur for expert opinion, IITs do not engage in relevant research on cybersecurity,“ the study said. Incidents of cybercrime in India are rising sharply, recording an increase of over 100% in 2015 from 2014. The number grew from 71,780 in 2013 to 1.49 lakh in 2014 to 3 lakh in 2015. The study said attacks from the `Equation group' -which WikiLeaks reports said was a clandes tine CIA and NSA programme -infected India's telecom and military sectors and research institutes.The committee was briefed by Profs Manindra Agrawal and Sandeep Shukla from IIT-Kanpur (IIT-K). The study pointed out that since the government was pushing Aadhaar-based financial transactions, securing the Aadhaar database against unauthorised usage must be looked at carefully .It has come to light that certain banks were making hundreds of transactions on the Aadhaar numbers of unsuspecting citizens.

M.S.Yatnatti Editor Property Politics
PROTECT THE PUBLIC INTEREST “JUSTICE SHOULD NOT BE LIMITED TO ONLY PETITIONER” JUDICIARY STRENGTHENING PIL IS VERY IMPORTANT
by Admin User - Tuesday, 27 July 2021, 11:29 PM
 

By: M.S.Yatnatti: Editor and Video Journalist Bengaluru: Justice should prevail in the country Justice for all is the need of the hour .Poor people may not come to questioning government action .while one petitioner come a challenge it before high court and he gets justice and courts limits its order to petitioner .In such cases I feel injustice happens to other persons who are not petitioners stands on same equity. Public Interest in such cases need to be protected .Justice for all is the need of the hour .This matter needs debates in the judicial circles as court cannot do injustice to others who have not approached the court because of their economic problems. Reportedly in India, the Supreme Court took the lead by allowing volunteer social activists- to request the interests of the poor in judicial proceedings by expanding the doctrine of the locus standi in filling the petition and creating epistolary jurisdiction that enabled to treat a letter written on behalf of a disadvantaged person as a petition and examine the merits of the grievances .In India judicial activism was made possible by PIL (Public Interest Litigation). It has in a way democratized the judicial process. Furthermore, the PIL has contributed to the rise of a form of a judicial scrutiny of each and every governmental institution ranging from hospitals, prisons, manufacturing units covering issues of health, environment, safety, security, privacy and welfare etc.Its credit goes to the justice P. N. Bhagwati who has introduced the tradition of hearing on PIL even on a post card. Justice Bhagwati clearly stated, ‘The supreme court has adopted a pro active approach for the last two years. Particularly, having regards to the peculiar socio-economic conditions prevailing in the country’. Thus, judicial activism is developed in each and every aspect of life, including social, economic, political, religious, educational etc. Undoubtedly, it has strengthened the faith of masses in the judiciary of the country.

M.S.Yatnatti Editor Property Politics
“FINANCE” IS THE BACKBONE OF BUSINESS “BORROWER GETS AT LEAST 17 MONTHS TIME AGAINST THE DEFAULT” “NO TRADE OR INDUSTRY CAN RUN WITHOUT FINANCE”
by Admin User - Monday, 26 July 2021, 02:56 PM
 

By : M.S.Yatnatti Editor and Video Journalist Bengaluru : Finance is the backbone of business. No trade or industry can run without adequate finance. The internal resources of a business organisation are often insufficient for meeting all its needs. It is also not always possible for the owners, promoters or the entrepreneurs to mobilize finance from their own resources. Therefore promoters raise capital through borrowings, keeping in view the short term, medium term or long term requirements of the trade or industry.Every industrial project requires finance in the form of risk capital, long term, medium term and short term or working capital and/or machinery on hire purchase/lease basis. All these types of financial assistance are provided by various institutional agencies, commercial banks, co-operative banks, Regional Rural Banks, State Financial Corporations and International Financial Institutions and Syndicated Loan Market and NSIC etc,. A great emphasis has been placed by the government to ensure that all viable projects are provided adequate finance (Capital) for a sustained growth of trade and industry. The borrowed funds have enabled many promoters to realise their dreams and to bring their project to an actual shape. Timely availability of Institutional and bank finance at reasonable rates is essential for successful implementation of any commercial project. This requires thorough and upto date knowledge of lending schemes of various financial institutions like IDBI, IFCI, ICICI, IRBI, SCICI, Exim Bank, Commercial Banks, RCTC, SIDBI, UTI, LIC, SFCs etc., particularly with reference to the preparation of project report, appraisal by the lending institutions, assessment of financial requirements as per RBI norms, terms and conditions on which finance is available, procedure for filing application for finance, execution of documents and charging of securities. Besides the financing has to be done as per the RBI Credit Policy & Instructions contained in its various Circulars & Committee Recommendations. Special RBI instructions have also been issued on bank finance, for Leasing & Hire purchase Concerns, Diamond Exporters, Consortium Advances, Housing Finance, Priority Sector Advances, Export Credit, Commercial papers etc.

M.S.Yatnatti Editor Property Politics
“BOOTSTRAP AND YOUR CUSTOMERS ARE BEST INVESTORS” COMPANIES HAVE VC INDEPENDENT BUSINESS MODELS “SKILL DEVELOPMENT” IS MUST
by Admin User - Sunday, 25 July 2021, 09:13 PM
 

By: M.S.Yatnatti Editor and Video Journalist Bengaluru : Passion and focus on the products is the central to business success for most of entrepreneurs. “Startups must figure out unit economics and prove the model at a small scale before considering VC funding should have a simple formula ­ when in doubt, bootstrap and your customers are best investors .“ Some time as venture capitalists becomes vulture capitalists early stage entrepreneurs and those looking to do something on their own are likely to turn wary. But anybody who studies entrepreneurship will likely find that passion and patience have inevitably trumped money in determining the success of a venture .Money is often a catalyst. But there are also some who think venture funding is a bane and not boon, that ultimately, success is more about you and the problem you are trying to solve through your venture by bootstrapping . Few entrepreneurs knew only two ways to fund a business ­ put their own money or borrow from the bank as you build a product and make it became profitable .Trump can be trumped after all he is a businessman and his decision can be taken as blessing in disguise . Indian IT companies have visa independent global delivery model where it reduced the total effort onsite (at the client location) in a project from about 30% on an average to just 10%. “And this 10% will be delivered by local hires. Indian IT is also likely to find significant support among its US customers. The Indian software industry, has largely been responsible for building as well as maintaining the information infrastructure of most large US corporations. It plays a very critical role in the success of US corporations, that tampering with it wouldn't be easy.IT companies conducted several pilots and all of them were very successful, "The global downturn and “Buy American and hire American” theory has brought along with it new opportunities. It is for the industry to identify the opportunities and move ahead," Indian IT companies can hire American and sell American and make killing profits in America as American IT companies hire Indian and sell Indian and make killing profits in India . “Make in India American products” "The Indian industry will continue to do well if they learn that there are no easy pickings any longer." And that's true of all companies, irrespective of their size..The US was teaching all countries Globalization and now suddenly talking localization “Buy American and hire American”. Investors from around the world, including in the City of London, will be listening carefully for how America's Donald Trump is set to sign an executive order to overhaul the H-1B & L-1 visa programmes, which let tens of thousands of Indians work in the US, drove tech stocks down and sparked speculation in the IT sector about an uncertain future. Indian business experts predict that Indian IT companies can outsmart any trade barriers created by Donald Trump as they are listening this since the days of his election campaign.

M.S.Yatnatti Editor Property Politics
“CUBICLES TO RETURN OFFICE SPACE TO SEE BIG CHANGES”WORK FROM HOME/REMOTE WORKING “LERAN FROM HOME” A NEW NORMAL “THE WAY TO SUCCEED”
by Admin User - Saturday, 24 July 2021, 11:28 PM
 

By : M.S.Yatnatti: Editor and Video Journalist Bengaluru : According to reports when workers around the world eventually return to their desks, they’ll find many changes due to the pandemic. For a start, fewer people will go back to their offices as the coronavirus crisis makes working from home more accepted, and companies weigh up rent savings and productivity benefits. For the rest, changes will begin with the commute as workers arrive in staggered shifts to avoid rush hour crowds. Staff might take turns working alternate days in the office to reduce crowding. Floor markings or digital sensors could remind people to stand apart and cubicles might even make a comeback.British bank Barclays is making a “long-term adjustment in how we think about our location strategy,” CEO Jes Staley reportedly said. “The notion of putting 7,000 people in a building may be a thing of the past.”That is already happening in China. Beijing municipal authorities limited the number of people in each office to no more than 50% of usual staffing levels, required office workers to wear face masks and sit at least 1meter (3.3 feet) apart. At a minimum, the Covid-19 crisis could be the death knell for some recent polarizing office trends, such as the shared or co-working workspaces used by many tech startups to create a more casual and creative environment. Cubicles and partitions are making a return as the virus speeds the move away from open plan office spaces Design firm Bergmeyer is reinstalling dividers at its Boston office according to press reports .At Google and Facebook, staff will be able to work remotely until the end of 2020. Other firms have realised they don’t even need an office. One thing is for sure: Office jobs are never going to be the same as reported by press.Reportedly In tandem with the revised guidelines issued by other state governments on the work-from-home facility for the employees of MNCs, IT firms and other corporate during the lockdown, Karnataka CM BS Yediyurappa also announced that only essential and critical services will be carried out from offices, and that the remaining staff should continue to work from home (WHF). This is no longer an ad hoc model that needs to be sustained only for now. Many are making changes in their lifestyle and work models to adapt to this model of working, which may soon be the new normal.“The ICT Companies are leveraging virtual tools to stay connected amid the lockdown. The associates are delivering critical features to enable business operations to run smoothly, worldwide,” The ICT Companies are even providing financial assistance to buy furniture, so that they can have an ergonomic workspace at home, while also delivering laptops to new entrants.”.“The ‘new normal’ has forced ICT Companies to adopt innovative ways to serve thier customers without disrupting their deliverables.The biggest change has been in the way teams and co-workers communicate, and many say that mastering effective remote communication is almost vital for their CV now.

M.S.Yatnatti Editor Property Politics
CROWDFUNDING SITES FOR SOCIAL ENTREPRENEURS IF MONEY IS THE ONLY THING STOPPING YOU FROM DOING SOMETHING GOOD IN THE WORLD
by Admin User - Friday, 23 July 2021, 12:10 PM
 

By : M.S.Yatnatti: Editor and Video Journalist Bengaluru : Digital fund raising but you need to follow fundraising rules and regulations if they are applicable to your type of fundraising . If you think money is the only thing stopping you from doing something good in the world, stop waiting and start doing some good! Nothing better symbolizes entrepreneurship than fundraising. Social entrepreneurs are no different. Today, there are a host of on-line resources for crowd funding that social entrepreneurs can use to fund their projects, films, books, and social ventures. Today, I’ll briefly profile few of them . All of these sites are making great things happen for real people every day, advancing the arts, entrepreneurship and philanthropy in myriad ways. Check them all out and decide which one is the best for you. Note that in general, the tax deductibility of donations made on these sites is determined by the tax status of the organization to which you donate and not by the crowdfunding site used. Check with your tax accountant if you have questions before you make a donation or equity .While almost all the media attention for crowdfunding sites goes to mega platforms like Kickstarter and Indiegogo, there are hundreds of other crowdfunding and fundraising websites to meet your campaign goal. Understanding the fees and unique features at each will help you take full advantage of the boom in alternative funding.You see, there’s so much more to successful crowdfunding than hopping on a site with lots of traffic. It’s about finding that crowd that is going to be interested in supporting your project. You can google for updated list of crowdfunding platforms and fundraising websites with a list of sites and crowdfunding resources to help you raise money online. Besides fees and the types of projects allowed on these crowdfunding sites, pay attention to which categories seem to do the best on the site and which resource tools you can use to make your campaign go smoothly.If a fundraising site has a forum or some type of community, spend some time to see if it leans toward any particular category or demographic. This will give you an idea of the kind of audience you can expect from the site and how appropriate it is for your campaign.

M.S.Yatnatti Editor Property Politics
THE INFORMATION DEPARTMENT SHOULD NOT SHUT THE DOORS OF VIDHAN SOUDHA TO “WEB PORTALS EDITORS” AND“ONLINE JOURNALISTS”
by Admin User - Thursday, 22 July 2021, 01:37 PM
 

By: M.S.Yatnatti: Editor and Video Journalist Bengaluru: The information department need to accredit web portals and permit entry to Vidhan Soudha Bengaluru to online journalist and web journalist of Daily News Web Portals despite they come in electronic media and 10 passes each need to be given to each electronic media portal and these web portals fulfills 2009 media accreditation rules and Vidhan Soudha Pass issuing rules. The director of information cannot refused to issue passes to online journalist and web journalists .Vidhan soudha is public building and denial of issue of passes means department does not want to disseminate information to public which is prime duty of information of department. The director information department issues passes only to print media and this director does not want to encourage digital transformation of information department. Daily news portals are within the definition of “electronic media” and they are running Daily media portals since several years and months and entire content is available on the web portals. As per rules and policy of Information department 10 Vidhan Soudha passes can be made available to each “electronic media” online journalist or web journalist .In the definition of “electronic media” Broadcast or storage media that take advantage of electronic technology. They may include television, radio, Internet, fax, CD-ROMs, DVD, and any other medium that requires electricity or digital encoding of information. The term 'electronic media' is often used in contrast with print media.Department of Information and Public Relations, Karnataka miserably failed to use digital media or electronic media or internet web portals or web journalist or online journalist. Department of Information and Public Relations is not using and encouraging web portals or web journalist or online journalist for the purpose of dissemination of information. Department of Information and Public Relations must understand that it will loose relevance if it does not go with digital transformation. Digital transformation is the only way to go forward. Whether it is small medium or large enterprise or even government there is no escaping digital transformation. Smart phones and better connectivity desktop and laptops and tablets have changed the way of citizen’s lives .The electronic media revolution has renewed debate about print media's relevance. In reality, both communication forms have advantages and disadvantages. Print media reporters may cover subjects with greater depth than writers of electronic media. However, electronic media's ability to break news at lightning speeds is cited as a key factor for the continuing decline of print media readership. Broadcast or internet media that take advantage of electronic Technology. They may include web television, web radio, Internet Portals , CD-ROMs, DVD, and any other medium that requires electricity or digital encoding of information. The term 'electronic media' is often used in contrast with print media.Content published on the World Wide Web is immediately available to a global audience of users. This makes the World Wide Web a very cost-effective medium to publish information. It is relatively inexpensive to publish information on the Internet. At a fraction of the cost to publish information by traditional methods, various organizations and individuals can now distribute information to millions of users. It costs only a few thousand dollars to establish an Internet presence and publish content on the Internet. Traditional methods of performing surveys are often relatively slow and expensive compared to online surveys conducted on the Internet. For example, in order to fill out various needs of customers or what they would like to see in a future product, it's often necessary to compile a list of address and mail a questionnaire to many customers. The success of such an attempt is not always guaranteed and can be very costly in terms of mailing the questionnaires and entering responses to a databases and analyzing it. On the other hand, you can use the World Wide Web to automate the whole process. For example, you can set up a CGI script to conduct online surveys. Results of such a survey can be automatically updated to a database. This database can then be used to keep a pulse on various opinions and needs of customers.

M.S.Yatnatti Editor Property Politics
PRIOR EXPERIENCE, TURNOVER LIMITS EARNEST MONEY DEPOSITS SOURCING POLICIES IMPEDE OPPORTUNITIES FOR INDIAN SMALL IT COMPANIES AND STARTUPS
by Admin User - Tuesday, 20 July 2021, 11:42 AM
 

By: M.S.Yatnatti: Editor and Video Journalist Bengaluru: Let Government provide opportunities to all companies whether startup or small or Big .Digital transformation that the Indian Government has opened up on technology automation front both budget and complexities of adoption and great news for IT industry and its stakeholders. But it is trauma of IT Industry that Government tenders are more towards vendors and principals and gives little opportunities to partners and they get eliminated in first stage itself and predetermined companies only get tenders and also payment cycle is so designed that only vendors with deeper pocket and working capital coming from their overseas parent companies . it is time to think how Indian SMEs and start up take up Government tenders .Reportedly almost all states and Union territories are showing a friendlier approach to startups extending incubation facilities, facilitating early-stage funding, or even formulating policies for them. However, sourcing from these startups is still only on paper and not in practice. Requirements like prior experience, turnover limits to engage startups, earnest money deposits and other “archaic” sourcing policies impede opportunities for these new generation businesses. An analysis of Startup India’s report that ranks states shows that the 27 states and 3 Union territories assessed fell short when it comes to providing an equal platform for startups vis-à-vis experienced companies in public procurement.“Overall, performance of majority states is below average in this (ease of procurement) pillar as 26 states scored between 0% to 25% of the maximum marks,” the report said. The national average score under this particular criterion was 1.27 out of 14 marks, with performance of majority states defined as ‘below average’.“While at the policy level exemptions have been declared for startups in many of these aspects, the procedures followed by the states are sometimes not in alignment with the Centre,”. “It would be helpful to introduce easier bid eligibility, especially in the case of newer technologies like IOT and smart grids, which would aid infrastructure development,”. “Yes, there is more to be done to move away from age-old tendering procedures, but the open API policy under Digital India is a huge boon for tech entrepreneurs,” noted an expert

M.S.Yatnatti Editor Property Politics
GOVERNMENT ALLOTTED LAND TO FARMERS IN GROW MORE FOOD PROGRAMME IN 1942 STILL GMF ENTRIES CONTINUED IN RTC
by Admin User - Monday, 19 July 2021, 12:09 AM
 

By: M.S.Yatnatti: Editor and Video Journalist Bangaluru : The then Revenue Minister reportedly in 2016 had said that the State government had deadline for correcting discrepancies which have crept in the 1.61 crore records of Rights, Tenancy and Crops (RTC) in the State but nothing happened . Computerization of the RTCs had not solved the problem and mistakes may have crept in during data entry. “As per the information available with the State government, there are defects in more than 50 per cent of the records,” had said then revenue minister . Instructions have been issued to set right these defects during Revenue Adalats held in the districts and to reach out to individual houses of farmers.The revenue department did Bhoomi project but still many anomalies are left in computerized RTC . The famers is asking in respect of S No 150 / P8 Hulikunte Village Doddabelvangala Hobli Doddaballapur Taluka 10 Acres Agricultural Land reasons from revenue department for not taking the upset price or penal upset price in respect of Grow more Food Programme leasses as per rules despite request of original grant holder had written several letter to collect upset price of Rs 200 per acres as per the government orders vide Sri chikkarudrayya Bin Rudrayya letter dated 06-10-1958 to sub-divisional officer Doddaballapur Sub- Division Bangalore district .Otherwise Even now government need to collect it with penal upset price as conditions of the original lease grant have been fulfilled, the lease grants have to be confirmed to them.(Circular No. R6-53S2-92—L.R. 41-55-29, dated 7th July 1955 and Saguvali chit allotted to Sri ckkarudrayya Bin Rudrayya as per Government Circular No. R6-53S2-92—L.R. 41-55-29, dated 7th July 1955). Even in the case of sufficient holders, where the conditions of the original lease grant have been fulfilled, the lease grants have to be confirmed to them.(Circular No. R6-53S2-92—L.R. 41-55-29, dated 7th July 1955). In deserving cases, where the leases have bees, cancelled due to non-fulfillment of the terms of the giaut, the same lands could be re-granted to the same lessees at a penal upset price. This direction would apply also to lessees, who are sufficient holders, subject to the condition that, when such re-grant is in excess of the powers of the officer cancelling the lease, a recommendation for such re-grant may be made.

Even otherwise farmer is entitled a free RTC without entry of GMF in RTC as Saguvali chit was given to Sri ckkarudrayya Bin Rudrayya and certified copies and originals are available with thasildar office in saguvali register in respect of S No 150 / P8 Hulikunte Village Doddabelvangala Hobli Doddaballapur Taluka 10 Acres Agricultural Land which was earlier allotted under GMF Programme . The RTC stands in the name of Saguvali chit holder Sri ckkarudrayya BIN Rudrayya and subsequently to his sons and legal heirs .Request is made by farmers to delete the GMF entry as it is no longer applicable in view of grant under darkhast and Saguvali chit issued as per rules and RTC is confirmed.

Whereas the grants were made under the Mysore Land Revenue Rules which came into force on 6-7-1955, the Saguvali Chits were issued in respect of the grant made relating to the lands under the Mysore Land Revenue (Amendment) Rules, 1960 In so far as the Saguvaii Chits issued under the 1960 Rules are concerned, there was a prohibition on alienation for a period of 15 years irrespective of the question whether the grant was made at an upset price or free of cost. But the 1960 Rules carne into force with effect from 3-5-1960. The plain meaning apparent from the Rule is that where the grant is free of cost, the land shall not be alienated for a period of fifteen years commencing from the date of the grant; but if it is a grant at an upset price, then it shall not be alienated for a period of ten years commencing from the date of the grant. The Rule is not obviously capable of the meaning that the date of commencement of the prohibition is on the date of taking possession of the land by the grantee. This is obviously so because the expression 'possession' or taking possession has not been employed in this Rule at all. The Rule has to be read in the form in which it exists and nothing extraneous could be imported into it nor anything taken away from the Rule. For the first time the word 'possession' is used in the Land Grant Rules only in 1969 Amendment Rules. Another important aspect which requires to be noticed in these cases is that all these grantees were invested with possession anterior to the grand of lands made earlier by lease of lands to the grantees prior to 06-10-1958 under the "Grow More Food Scheme".

M.S.Yatnatti Editor Property Politics
BJP PROCLAIMED IN 2014 ELECTION “TAX TERRORISM” IS THE BIGGEST THREAT TO INDIA IT WOULD STOP IT BUT RAHUL GANDHI GETS TAX NOTICE IN SECTION 8 COMPANY
by Admin User - Sunday, 18 July 2021, 01:12 AM
 

By : M.S.Yatnatti: Editor and Video Journalist Bengaluru : One of the major promises made by the BJP government when it came to power in 2014 was to stop tax terrorism but it has unleashed tax terrorism on section 8 not for profit companies by issuing tax notices .BJP proclaimed before the 2014 election that tax terrorism was the biggest threat to India and he would stop it. Instead of stopping it has unleashed it on section 8 not for profit companies by issuing income tax notices when as per law it does not have any income on share transfer or share acquisition .NSKFDC was incorporated on 24th January, 1997 under Section 25 of the Companies Act as a ‘Not For Profit’ Organization. NSKFDC is a wholly owned Government undertaking under the aegis of Ministry of Social Justice & Empowerment. NSKFDC commenced its operations in October,1997. The Company has an authorized capital of Rs. 710 crores and paid-up capital of Rs 629.99 crores as on date.Government appoints officials and non officials to as directors NSKFDC and this does not get disclosed in their personnel income tax declaration as it does not accrue income to them and as such directors do not get income tax notice then why only AICC President Sri Rahul Gandhi Ji get income tax notice? as he is also Director of young Indian section 8/25 company as that of NSKFDC and other's and such thousands of "Non profit organizations " and companies are registered Under section 25 /Section 8 of companies Act.It is important to read section 8 of companies Act . Whether section 8 company is income tax exempt or not under income tax Act 12 AA the face value of share of section 8 company does not change .Section 8 company is free to engage in commercial ventures and it may pay income tax also but it shares valuation is not done as it is dividend free company under section 8 of companies Act and it share value never changes .So no income on share transfer of section 8 company and consequently no income tax notice on share transfer .Commercial company share transfer is a taxable event . Section 8 company share transfer is a not a taxable event. Income tax department cannot treat commercial companies and not for profit companies M&A under one parameter. Section 8 companies are by law cannot trade their shares and its share value will remain the face value at any given time as it is not commercial company. The contention of income tax department that "The taxable event in these cases is the allotment of YI’s shares to the assessees @ Rs. 100 per share on 22.01.2011 “for a consideration, which is less than the aggregate fair market value of the property” and it is the difference between the fair market value and the actual consideration paid for the shares which is sought to be assessed as “income from other sources” in accordance with Section 56(2)(vii)(c)(ii) read with the Rules." Is incorrect as Young Indian is section 8 company without dividends and at any given points its shares value do not get enhanced and question of "fair market value at any time will remain static to 100 rupees only. Actually it might be a cut and paste mistake of MOA which did mentioned about fair market value otherwise this mistake in MOA can be corrected to represent section 8 of the company. To win income tax case it is necessary to amend MOA of Young Indian. I feel MOA of Young Indian need to corrected to truly represent section 8 company. MOA and AOA for Section 8 company under Companies Act 2013 need to be as per Section 8 of company. : MOA cannot over shoot section 8 of companies Act. Declaration in Form INC 14 by professional stating that draft of MOA and AOA have been drawn up in conformity with the provisions of Sect 8 and rules thereof and that all the requirements of the Act and Rules thereof have been complied therewith. ICAI Clarification regarding Applicability of Form GNL 1 for Change in MoA by Section 8 Companies instead of Form RD 1 [17 May 2016].The ICAI vide Announcement dt 17 May 2016 has clarified that Form GNL 1 is applicable for making changes in Memorandum of Association (MoA) by Section 8 Companies instead of Form RD-1, as under:The Ministry of Corporate Affairs is receiving references from professionals/companies seeking clarification on the forms/process to be followed for alteration in the Memorandum of Association of Section 8 Companies .The professional/companies are filing Form RD-1 seeking approval to change in Memorandum of Association. However, as per the applicable laws read with Rules and relevant Circulars & Notifications, power for approving change in Memorandum of Association has been delegated to the Registrar of Companies.In the background of this development the professionals/companies are advised to apply the request for change in Memorandum of Association of Section 8 Companies in Form GNL-1 instead of filing form RD-1.In case of a section 8 company which is wholly owned subsidiary of another section 8 company, can the shares be purchased by other persons at face value ? Yes off course a company registered under this section shall amalgamate only with another company registered under this section and having the same objective yes they purchase share at face value. Question of fair market value does not arise in section 8 companies.


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