Dayanand's World

The Compensation for Rape: Rs 42 Article 38 (1) of the Constitution of India provides for Criminal Injuries Compensation Boards in every state. The Supreme Court has ruled in favor of setting up the boards. The National Women's Commission, the Working Women's Commission, and several legal associations have spoken about the need to set up such boardsandits benefits. However, till today, the board exists only on official papers. Our budget policies are ruled by the 11th Five Year Plan (2007 — 2012) that mentions a certain 'Scheme for Relief and Rehabilitation of Rape Victims' drafted by the National Women's Commission. This scheme would help rape victims lodge instant FIRs and claim compensation, help build forensic labs for DNA testing, "sensitize law enforcement agencies, medical establishments", etc. Now for the reality check. In the Budget of 2009-10, the amount set aside for relief of rape victims was Rs 53.3 crore. In 2010-11 this was reduced t...

A comparison between a pyramid scheme and an MLM scheme. Is MLM pyramid selling? Much emphasis is made of the fact, by those who promote it, that MLM is legal and therefore not a pyramid scheme. Opponents of MLM object that even though it is legal, it is still based on the pyramid system, and it has all the inherent dangers and drawbacks of a pure pyramid scheme. Pyrami...d scheme: An illegal multi-level program wherein people pay an entrance fee for the sole opportunity to recruit others to do the same. Members to the scheme pay a joining fee which is passed on to those above them in the scheme. Their purpose is to recruit new members below them in the scheme in order to qualify for a share of their joining fee. Characteristics of a pyramid scheme. Position in the scheme is important. The scheme is based on a pyramid structure, hence the name, with a few people at the top and an increasing number of members in each layer below. Money paid in by new investors flows from...

How to apply for a PAN card? If you are not decided on whether you need a PAN card or are unsure of the benefits of having a PAN card, please read this article first. Now that you are convinced on the benefits of having a PAN card, let’s see how you can get one. Currently, there are two ways to apply for a PAN card – Online and Offline. How to apply offline – Traditional paper application method You can either submit the application yourself or hire a chartered accountant or an agent who provides PAN application services. The process is very simple and straight forward and we recommend you do it yourself. You will first need Form 49A. The first two pages of the form list out all the guidelines, and the do’s and don’ts while filling the form – read them carefully before filling the form. Do not forget to affix a passport sized color photograph and sign the document wherever mentioned. The same signature and photograph will be imprinted on your PAN card, so make sure your pho...

DAYANAND JAYANT NENE A7/303, SAKET CHSL, SAKET MARG, THANE (W) 400601. TEL: 9004028575 January 24, 2012 The Hon. Municipal Commissioner, Thane Municipal Corporation, Thane. Dear Sir, Sub : Need to Control spending to ensure fair elections The decision taken by you to appoint expenditure monitoring observers, along with the usual observers, for the ensuing state legislature elections is most welcome and proves your conviction to fight the malaise of black money role in the elections. Despite legal limits on such spending and heavy penalties if caught cheating, it has not been possible to eradicate the malaise that afflicts our electoral system which often gets distorted under the influence of extravagant spending. The call for electoral reform given from time to time to impart transparency to the process and to ensure that deserving candidates do not get edged out by criminal elements and wily politicians who have mastered the technique of concealment, has fa...

DAYANAND JAYANT NENE A7/303, SAKET CHSL, SAKET MARG, THANE (W) 400601. TEL: 9004028575 January 24, 2012 The Hon. Commissioner of Police, Thane Police, Thane. Dear Sir, Sub : Round up touts to Control spending to ensure fair elections The decision taken by the Municipal Commissioner of Thane to appoint expenditure monitoring observers, along with the usual observers, for the ensuing state legislature elections is welcome and proves his conviction to fight the malaise of black money role in the elections. Despite legal limits on such spending and heavy penalties if caught cheating, it has not been possible to eradicate the malaise that afflicts our electoral system which often gets distorted under the influence of extravagant spending. The call for electoral reform given from time to time to impart transparency to the process and to ensure that deserving candidates do not get edged out by criminal elements and wily politicians who have mastered the technique of co...

16 facts about Fixed Deposits yo must know… The fixed deposit party is back. Roadside hoardings and news paper advertisements announcing double digit interest rates on fixed deposits are back in vogue. With stock markets staying volatile, thousands of investors are flocking to the safety and returns provided by fixed deposits. If you are planning to open a fixed deposit to park your savings, here are 16 things you should keep in mind before signing on the dotted line. Fact 1. It is not just the bank, even companies offer fixed deposits Interest rates offered on deposits by companies are usually higher (by 2 to 6% or more) than rates offered by the banks. Company deposits are governed by the rules under Section 58A of the Companies act. As per the current prevailing regulations a manufacturing company can offer fixed deposits having duration from 6 months to 3 years, non-banking finance companies: 1year to 5 years, housing finance companies: 1 year to 7 years. Fact 2. Bank...