Maverick Leo

While I was pondering over the news item showing the 'Cloud Burst in Leh' a sudden comparison drew in my mind automatically. Before moving ahead, let me site the reason why this comparison struck me. Times of India's front page article read - Ranchos' school washed away . It was the same school which was shown in the bollywood's biggest money-grosser till date; 3 Idiots . The producers had opted for a unique shooting location amidst the picturesque and pristine Himalayan peaks in Leh. Everybody associated with the movie made a killing out of the earnings but the super natural powers had some other plans. FLASHBACK:  Circa 2001 Aamir Khan had starred in one of the most successful bollywood movies till that time, Lagaan (which subsequently went on to represent India at the Oscars). This film had the story of a village setup in pre Independence era. The shooting location of this village was in Bhuj District in Gujarat (again a very unusual shooting locale). Barel...

The FM has presented Annual Budget for the year 2010-11. The snapshots and impact follow: The market moved skywards on the FM's announcement of new tax slabs Income upto Rs. 1.6 lacs exempt from tax 10% tax on income between Rs 1.6 lacs to 5 lacs 20% tax on income between Rs 5 lacs to 8 lacs 30% tax on income above Rs 8 lacs Section 80c investment limit hiked by Rs 20000 (the investment has to be made in long term infrastructure bonds) IT exemption limit enhanced, surcharge withdrawn IT returns forms for individual tax payers to be further simplified (2 page Saral 2 form would be notified by IT deptt) Expenditure in 2010-11 estimated at 11,l8,749 crore Fiscal deficit estimated at 5.5 percent in 2010-11, which shows an improvement of 1 percent over 2009-10 Two more centralised tax processing centres to be set up in addition to the one at Bangalore National Social Security Fund created for workers in unorganised sector with allocation...