Skip to main content
Turn this email into something really special
Learn More
The Naresh Kumar Sagar Daily
Published by
Naresh Kumar Sagar
08 January 2016
World Leisure Sports Business Science Art & Entertainment #ces2016 #uk
Today’s headline
Cubot S600 with 16MP Rear Camera & 2700mAh Battery Launched at $130 » Phone Radar
thumbnailphoneradar­.com– Cubot is a Chinese smartphone maker that had launched few high-end smartphones with very aggressive pricing. The flagship devices Cubot X15 and Cubot X17 includes 2GB and 3GB respectively and sport…
Advertisement
Advertising is hard
We do it all day. Let us teach you what we’ve learned. Learn how the experts market their startups. Grab the free ebook.
133 contributors – featured today:
Read paper →
0


Gunmen on a motorcycle opened fire on tourists as they boarded a bus at a hotel in Cairo, Egypt, on Thursday, Reuters reported. There were no casualties in the attack, according to security sources. One gunman was arrested at the scene, and authorities surrounded the other attacker in another part of Cairo. The tourists included two Israelis. The hotel was on a road leading to the pyramids, a major tourist attraction for Egypt. The country has been struggling to recover from political turmoil triggered by the 2011 uprising, which toppled former leader Hosni Mubarak.
0

Foreign Funding of Electoral Trusts
New Delhi: As per the various news reports, the Government is “actively considering” the proposal of the ECI to debar electoral trusts from receiving foreign funding. It is also stated that electoral trusts under the present law can raise funds from foreign sources. ADR wishes to put this in the right perspective.
1.       Section 4 of the Foreign Contributions (Regulation) Act (FCRA), 1976 and Section 3 of Foreign Contributions (Regulation) Act (FCRA), 2010 specify that political parties are NOT permitted to accept contributions from any foreign source or company.
2.       Electoral Trusts, whose sole purpose under Section 13B of the Income Tax Act, 1961 is to fund registered political parties in a transparent manner, are also governed under Rule 17(CA) of the Income Tax Rules,1962
3.       Specifically under Rule 17CA, sub-clause (2) and (4) of the Income tax Rules, 1962, the CBDT lists the sources from whom the Trusts are permitted andNOTpermitted to accept donations.
Rule 17(CA) was notified by the Central Bureau of Direct Taxes (CBDT), Dept. of Revenue in 2013 on 31st January, 2013, in the exercise of the powers conferred to it by clause (b) of Section 13(b) read with Section 295 of the Income Tax Act, 1961. Details under Rule 17(CA) (2) and (4) are in the table below.
Electoral Trusts may receive contributions from
Electoral Trusts shall NOT accept contributions from
An individual who is a citizen of India
An individual who is not a citizen of India
A company registered in India
A foreign entity whether incorporated or not
A firm (resident in India)
Other Electoral Trusts (approved under the Electoral Trusts Scheme)
HUF(Indian residents)
Contributors without PAN
An association of persons (Indian residents)
NRIs without a passport number
Hence, it is quite clear that the electoral trusts CANNOT receive foreign funds as per existing Income Tax Rules, 1962. ADR recommends that:
1.       All electoral trusts should adhere to Rule 17(CA) of the Income Tax Rules, 1962 which lists the functions of the electoral trusts and the Electoral Trusts Scheme, 2013 notified by the Central Government.  The notification can be accessed here.
2.       The same rules which apply to those trusts formed after 31st January, 2013 should also apply to the electoral trust in existence prior to 31st January, 2013.
For complete details of the notification of the CBDT regarding registration and functioning of Electoral Trusts, kindly refer to the report of ADR titled ‘Analysis of contributions declared by Electoral Trusts, FY 2013-14’ released on 5th Feb,’15 (http://goo.gl/SeQfqj).

Contacts

Media and Journalist Helpline

+91 80103 94248
Maj Gen Anil Verma (Retd.)
Head – NEW & ADR

+91 8826479910

Prof Jagdeep Chhokar
IIM Ahmedabad (Retd)
Founder Member – NEW & ADR
+919999620944

Prof Trilochan Sastry
IIM Bangalore
Founder Member,
NEW & ADR
+919448353285,
0

The sagar online media Daily
Published by
Naresh Kumar Sagar
08 January 2016
Technology Business Science Art & EntertainmentWorld Politics #jobs #socialmedia
Today’s headline
#SocialMedia…The 5th Pillar Of Democracy Is Replacing A Crumbling 4th
thumbnaildrgauravpradhan­.blogspot­.com– #SocialMedia – The 5th Pillar Of Democracy Is Replacing A Crumbling 4th Indian democ­racy is said to rest on the ven­er­a­ble four pil­lars of the leg­is­la­ture, the exec­utive, the judi­ciary, an…
Advertisement
Advertising is hard
We do it all day. Let us teach you what we’ve learned. Learn how the experts market their startups. Grab the free ebook.
31 contributors – featured today:
Read paper →
Email powered by logo
0

66th Senior National Basketball Championship to tip off in Mysuru from 9 Jan 2016

  • Championship to be held between 9 to 16 January 2016 at Chamundi Vihar Indoor Stadium, Mysuru
  • Karnataka Chief Minister Sri Siddaramaiah will be chief guest for the inauguration ceremony
  • The Senior National Basketball Championship is returning to Mysuru after a gap of 29 years.
  • Over 140 matches will be played in this premier league cum knockout gala that will see the country’s top international stars in action, including Karnataka’s own Rajesh Uppar, Arvind Arumugam and Bhandavya HM.
Bengaluru, 7th January 2016: Mysuru is set to host the 66th Senior National Basketball Championship for Men and Women from 9th to 16th January 2016. The Chamundi Vihar Stadium complex, with its 2 indoor and 2 outdoor courts will showcase the nation’s various state teams vying for the coveted title of National Champions.
The Karnataka State Basketball Association will be organizing the event under the aegis of the Basketball Federation of India.  Mysuru will be hosting the event after a gap of nearly 30 years. The last Senior National Basketball Championship to be held in the city was the 39th edition way back in 1987.

Top teams & players competing

Over 160 matches will be played in this premier league cum knockout gala that will see the country’s top international stars in action. Vishesh Bhriguvanshi (Indian men’s team captain), Anitha Paul Durai (veteran Indian women’s captain), Jeena PS (Kerala) and Karnataka’s own international stars Arvind Arumugam, Bhandavya HM and Rajesh Uppar are just few of the big names expected to participate in this marquee event.
29 men’s teams and 24 women’s teams have confirmed their participation. In the men’s section Uttarakhand (ONGC), Tamil Nadu and Services, and in the women’s section Chhattisgarh, Railways and Kerala (women) are expected to be among the top draws. Prior to the upcoming Championship, 65 editions have been successfully held. The 2014-15 edition was held in Bhilwara, Rajasthan, with Chhattisgarh women and Uttarakhand men being crowned champions.
“In terms of number of teams to register, this is the highest participation we have received in a long time,” said Shri K Govindaraj, President of Karnataka State Basketball Association (KSBBA) and President of Basketball Federation of India (BFI). “Bengaluru hosts many Championships, we wanted to give Mysuru an opportunity to showcase its infrastructure and host a National level event. With this exposure, hopefully Mysuru can also conduct an Asian level competition in the future.”
Speaking on the innate potential of basketball, he said, “If you go to any school, taluka or district stadium, you will find a basketball court. That is the ubiquitous presence of basketball, which we are going to take to greater heights.”
The organizing Karnataka State Basketball Association is pulling out all the stops to make this event a grand success. Hotel accommodation and meals will be provided to all the players, coaches, referees and officials during the 8-day event, all provided by the Karnataka State Basketball Association.
Recognizing the growing influence of digital media platforms, the Basketball Federation of India will also be sharing regular event updates throughout the day on its official Facebook, Twitter and Instagram platforms.

Referees Clinic to be simultaneously held

Besides on-court action, the Basketball Federation of India in association with Karnataka State Basketball Association will also be organizing the FIBA Asia Development Plan – Referees clinic at the Chamundi Stadium, Mysuru from 14th to 16th January, 2016. This will be conducted by Mr. Heros Avanesian, Head of Competition – Asia, International Basketball Federation, FIBA Asia.
As per the FIBA Asia directives & guidelines it is mandatory for all National and FIBA Active referees to participate in the clinic. Non-participants or referees who fail the tests will be deprived from officiating FIBA ASIA events.

Important Guests to attend Inaugural Ceremony

Honourable Chief Minister of Karnataka will be inaugurating the Championship at 5 pm on 9th January 2016. Other chief guests include Shri V Shrinivasa Prasad (Minister of Revenue & Dist. in charge, Mysuru), Dr. HC Mahadevappa (Minister of Public Works Department), Shri Mahadev Prasad (Minister of Co-Operation) and Shri K Abhaychandra (Minister of Youth Services & Fisheries).
Guests of Honour include Shri R Dhruvanarayana (MP), Shri Prathap Simha (MP), Shri Tanver Sait (MLA), Shri Vasu (MLA), Shri MK Somashekar (MLA), Shri G T Gdevegowda (MLA) and Shri BL Byrappa (Mayor – Mysore City Corporation).

About Hosts Karnataka Teams

The Karnataka men’s team will see two players from Army Services Centre, three from Vijaya Bank, two each from Mangalore Basketball Club and Madras Engineering Group, and one each from National Games Village (NGV), Young Orions Clubs and Indiranagar Basketball Clubs.
The women’s team comprises three each from Southern Railways and Mount Carmel and two each from Alvas-Moodbidri, DYES-Vidyanagar and DYSS-Mysore.

GROUPINGS

(MEN)

                          LEVEL – 1                                                                           LEVEL – 2                                                                                                      
GROUP “A”GROUP “B”GROUP “C”GROUP “D”GROUP “E”GROUP “F”
UTTARAKHANDTAMIL NADUCHHATTISGARHRAJASTHANGUJARATWEST BENGAL
HARYANASERVICESCHANDIGARHBIHARARUNACHAL PRADESHANDHRA PRADESH
KARNATAKAKERALAGOAHIMACHAL PRADESHJAMMU & KASHMIRJHARKHAND
PUNJABINDIAN RAILWAYSODISHAMIZORAMMAHARASHTRAMADHYA PRADESH
DELHITELANGANAPUDUCHERRYTRIPURAUTTAR PRADESH

(WOMEN)

                          LEVEL 1                                                                                      LEVEL 2
GROUP “A”GROUP “B”GROUP “C”GROUP “D”GROUP “E”GROUP “F”
CHHATTISGARHDELHIUTTAR PRADESHANDHRA PRADESHBIHARCHANDIGARH
KERALAINDIAN RAILWAYSHIMACHAL PRADESHHARYANAGUJARATGOA
MAHARASHTRATAMIL NADUJAMMU & KASHMIRODISHAPUDUCHERRYRAJASTHAN
TELANGANAKARNATAKAWEST BENGALUTTARAKHAND
MADHYA PRADESHPUNJAB
Karnataka Teams

Men

S. NoNameClub
1Sashi KumarArmy Service Centre
2Issac ThomasArmy Service Centre
3Arvind AVijaya Bank
4Rajesh UpparVijaya Bank
5Anil KumarVijaya Bank
6AbhisekhNational Games Village
7YashasYoung Orions Sports Club
8Sowkin ShettyMangalore Basketball Club
9Shashank RaiMangalore Basketball Club
10Karan JoshuaIndiranagar Basketball Club
11BernatshaMadras Engineering Group
12SanilMadras Engineering Group
Standby
1GaneshSports Hostel
2SachinMerchants

Women

S. NoNameClub
1SavithaSouthern Railways
2ShruthiSouthern Railways
3RajeshwariSouthern Railways
4Bhandavya HMAlvas, Moodbidri
5SuprithaAlvas, Moodbidri
6BhoomikaDYES, Vidyanagar
7PriyankaDYES, Vidyanagar
8KavanaDYSS, Mysore
9SupriyaDYSS, Mysore
10Kruthika LakshmanMount Carmel
11SagarikaMount Carmel
12LopamudraMount Carmel
Standby
1DechikaHalasur
2Snigddha NairAppaiah
Posted 8th January by Naresh Kumar Sagar

Comments

Popular posts from this blog

Assembly Elections 2017  Uttar Pradesh  (403/403) Punjab  (117/117) Goa  (38/40) Party Lead Won Total SP+INC 38 28 66 BJP + 193 119 312 BSP 10 10 20 RLD 00 01 1 Others 03 01 4 Party Lead Won Total SAD+BJP 01 16 17 INC 04 74 78 AAP 00 20 20 BSP 0 0 0 Others 00 02 2 Party Lead Won Total BJP 02 12 14 INC 01 13 14 AAP 0 0 0 MGP + 00 03 3 Others 00 07 7 Uttarakhand  (70/70) Manipur  (60/60)   Party Lead Won Total INC 04 07 11 BJP 15 42 57 BSP 0 0 0 UKD 0 0 0 Others 01 01 2 Party Lead Won Total INC 09 16 25 BJP 06 18 24 AITC 0 01 1 NPF 01 03 4 Others 02 04 6  
Women Economic Forum – India in Kolkata presented by the JW Marriott Kolkata. December 10, 2016 Sagar Media Inc HEADLINES LEISURE POLITICS ENVIRONMENT ART & ENTERTAINMENT SPORTS ALL ARTICLES Saturday, Dec. 10, 2016 Next update in about 22 hours Archives Women Economic Forum – India in Kolkata presented by the JW Marriott Kolkata. Shared by Sagar Media Inc enkaysagar.wordpress.com  – We have the pleasure to invite you to be our distinguished speaker at our regional Women Economic Forum – India in Kolkata presented by the JW Marriott Kolkata.  We would love to have you with us a… President Park’s impeachment approved Shared by Sagar Media Inc enkaysagar.wordpress.com  – President Park Geun-hye holds a meeting with Cabinet ministers at the presidential office Cheong Wa Dae in Seoul on Dec. 9, 2016 South Korea’s parliament on Friday passed a motion to impeach Presid… Magnitude...
Duterte proposes another UN August 21, 2016 Philippine President Rodrigo Duterte railed against the United Nations today after it called for an end to the wave of killings unleashed by his war on drugs, saying he might leave the organisation. Duterte also said the Philippines will invite China and African nations to form another global organisation in place of United Nations, as world body is not doing enough to address hunger and terrorism. There appears to be human rights working for terrorist and mafia in third world to keep their states in dire state. Two UN human rights experts last week urged Manila to stop the extra-judicial executions and killings that have escalated since Duterte won the Presidency. About 900 suspected drug traffickers have been killed since he came to power after winning the election on May 9. Leave a comment   Edit Three terrorists killed in Tangdar of Jammu August 21, 2016 Jammu & Kashmir, three unidentified militants...