The Union Budget was released yesterday. Here are the highlights. * Tax slab on personal income remains unchanged * Income tax exemption limit raised by Rs 50‚000 to Rs 2.5 lakh and for senior citizens to Rs 3 lakh * Exemption limit for investment in financial instruments under 80C raised to Rs 1.5 lakh from Rs 1 lakh. * Investment limit in PPF raised to Rs 1.5 lakh from Rs 1 lakh * Deduction limit on interest on loan for self-occupied house raised to Rs 2 lakh from Rs 1.5 lakh. * Kisan Vikas Patra
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Commercial Law Agency An agent is determined by law. Determined by the legal implications of what the person does. Must be acting for a principal cannot stand alone. (a)Agent has the legal authority to bind or incur liability for which the principal can be responsible. The primary role of an agent is to negotiate or conclude contracts on behalf of a principal. Actions are treated like that of the principal. Consent can be determined by the Court. (b)Agent is a person who is recognized by law as
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Defining Marketing We can distinguish between a social and a managerial definition for marketing. According to a social definition‚ marketing is a societal process by which individuals and groups obtain what they need and want through creating‚ offering‚ and exchanging products and services of value freely with others. As a managerial definition‚ marketing has often been described as “the art of selling products.” But Peter Drucker‚ a leading management theorist‚ says that “the aim of marketing
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[pic] Topic 1: Define project What is a project? A project is the defined set of planned and managed activities carried out for a period of time — with a defined start and end date. A project is designed to yield a set of products or services as agreed with the project clients and stakeholders. It has a lifecycle which is the process by which the project is undertaken. Five features that differentiate projects from ordinary work are that they:
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Is this movie attacked the U.S. public education. And then people just thinking about our PE‚ What happened to U.S. education? As the movie shows us: Low quality of educated? Irresponsible teachers? How public school destroyed the gifted students etc. How government ruined the public education? What should we do? Is government’s responsibility? Why the public school is getting worse? 1. The main responsibility should be on the Government. When the government is only concerned with their own
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Traditional Budget Accounting…………………………………...……… pg 3 1.Taxonomy of Chinese Accounting……..…………….......................... pg 3 1.1 The Domain of Budget Accounting……….…………...………... .pg 3 1.2 Chinese units……………………………………………………... pg 4 2. Public Financial Management Process……………………..……….. pg 4 Conventional Budget Accounting …………………………………………pg 5 1. Overall and Unit Budgets…………………….…………………….. pg 5 2. Characteristics of the Chinese Budget Accounting
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Budget Critique The budget for the city of San Clemente‚ California‚ fiscal year 2011 can be found at the following link: http://ci.san-clemente.ca.us/sc/org/Finance/Downloads/Budget/Download/00_2011_Budget_Adopted.pdf The budget for the city of San Clemente has received the Distinguished Budget Presentation Awards from the Government Finance Officers Association for the past 17 years. Not surprisingly‚ considering those honors‚ the city’s budget is organized
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attained when good plans are married with effective control systems. Most organizations conduct their planning and control processes through implementation of budgetary control system. Budgetary control system is the system of using budgets as a means of planning and controlling all aspects of producing or selling commodities and services (By J.Batty) An organization will never lose direction and means of measuring performance if it will implement the
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Preparing a Budget Request Strayer University 505 Public Budgeting and Finance 11/1/12 Preparing a Budget Request Dear‚ City Council As the chief of police for a midsized city of 75‚000 residents‚ my crime is lower in the downtown area than in other parts of the city because of the population growth I need total of three new police officers even though I currently have 30 uniformed officers and 12 support staffs. I have a request to the city council about hiring three more new police
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Purpose of Government: Provide Public Services Grade: A Explanation of how it meet the common good I give the Ancient Roman Tripartite Republic an A for providing public services. The Roman government had a postal system developed very early on as the American postal service wasn’t created until 1775. This postal service was very advanced for the time as no others existed. The Ancient Roman Tripartite Republic also had water fountains this was very advanced as there were supplied by aqueducts
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