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THOUGHT OF THE DAY

THOUGHT OF THE DAY

“Positive thinking always evokes more energy, more initiative and more happiness…”

Law Updates:

The Financial Accounting Standards Board (FASB) issued a proposed

Accounting Standards Update (ASU) intended to clarify the definition

of a business with the objective of adding guidance to assist

organizations with evaluating whether transactions should be

accounted for as acquisitions (or disposals) of assets or businesses.

Stakeholders are encouraged to review and provide comment on the

proposal by January 22, 2016.

PROFESSIONALS INPUTS:

ICSI requests from Secretary to Government of India (Ministry of

Corporate Affairs) for filing MGT-7 without additional fees till 31-12-

2015, considering the practical difficulties being faced by the

stakeholders.

Vide DVAT Notification No. F.3(352)Policy/VAT/2013/1062-73 dated

23 November, 2015 notified that the Form DP-1 shall be submitted

online by all the dealers latest by 31/12/2015. The form shall be filed by

dealers registered upto 31/10/2015.

Vide DIPP Press Note No. 12 (2015 Series) dated 24 November, 2015

The Government of India has reviewed the extant FDI policy on various

sectors and made Amendments in the Consolidated FDI Policy Circular

of 2015 (FDI Policy) effective from May 12, 2015.

Vide RBI Press Release : 2015-2016/1236 dated 24 November, 2015

RBI decided to shift the issue date of the Sovereign Gold Bond from

November 26, 2015 to November 30, 2015.

Vide RBI Press Release : 2015-2016/1235 dated 24 November, 2015

RBI grants “in-principle” approval to three applicants NSE Strategic

Investment Corporation Limited (NSICL) and Small Industries

Development Bank of India (SIDBI), Mumbai, Axis Bank Limited,

Mumbai and Mynd Solutions Pvt. Ltd., Gurgaon, Haryana for setting up

Trade Receivables Discounting System (TReDS)

MARKET WATCH:

SENSEX: 25775.74 -43.60 NIFTY: 7831.60 -17.65

SILVER: 33826.00 218.00 GOLD (MCX): 25289.00 124.00

USD/INR: 66.32 -0.16 CRUDE OIL: 2878.00 50.00

CS Rajiv Bajaj

9811453353

Bajajr66@gmail.com

youtube.com/csrajivbajaj

https://www.facebook.com/Rajiv1Bajaj

http://www.csrajivbajaj.com

Date: 25th November, 2015

www.csrajivbajaj.com

Ajit Doval

5th National Security Adviser of India

Ajit Kumar Doval is a former Indian intelligence and law enforcement officer, who is the 5th and current National Security Adviser to Prime Minister Narendra Modi, since 30 May 2014. He had previously served as the Director of the Intelligence Bureau in 2004–05, after spending a decade as the head of its operations wing.

Early life and education

Doval was born in 1945 to a Garhwali family in the village of Ghiri Banelsyun in Pauri Garhwal in the erstwhile United Provinces, now in Uttarakhand. Doval's father had served in the Indian Army. He received his early education at the Ajmer Military School (formerly King George's Royal Indian Military School) in Ajmer, Rajasthan. He graduated with a master's degree in Economics from the University of Agra in 1967, obtaining the first position.

Career In 1968: Doval was an IPS officer from the 1968 batch of the Kerala cadre. He was actively involved

in anti-insurgency operations in Mizoram, Punjab and Kashmir.

During the Mizo National Front (MNF) insurgency, Doval won over six of Laldenga's seven commanders. He spent long periods of time incognito with the Mizo National Army in the Arakan in Burma and inside Chinese territory. From Mizoram, Doval went to Sikkim where he played a role during the merger of the state with India.

31 January 2005: He retired from service on 31 January 2005 from the position of Director,

Intelligence Bureau. He was held in high esteem as one of India's well-known Foremost analysts & commentators on strategic national and international issues. His writings have been published widely in International journals, domestic and international media, and he is known for his clear insight and vision for Indian and global security issues. He has spoken extensively nationally and internationally on strengthening Indian security apparatus and closer cooperation amongst security forces globally.

In December 2009: He is the founder Director of the Vivekananda International Foundation, a

think tank set up by the Vivekananda Kendra, a Spiritually Oriented Organisation in December 2009. Doval has remained actively involved in the discourse on national security in India. Besides writing editorial pieces for several leading newspapers and journals, he has delivered lectures on India's security challenges and foreign policy objectives at several renowned government and non-governmental institutions, security think-tanks in India and abroad. In recent years, he has delivered guest lectures on strategic issues at IISS, London, Capitol Hill, Washington DC, Australia-India Institute, University of Melbourne, National Defence College, New Delhi and the Lal Bahadur Shastri National Academy of Administration, Mussoorie. Doval has also spoken internationally at esteemed events globally, citing the ever increasing need of cooperation between the major established and emerging powers of the world.

On 30 May 2014, Doval was appointed as India's fifth National Security Adviser. In June 2014, Doval played a crucial role in ensuring secure return of 46 Indian nurses who were trapped in a hospital in Tikrit, Iraq. After the family members lost all contacts from these nurses, following the capture of Mosul by ISIS. Doval, on a top secret mission flew to Iraq on 25 June 2014 to understand the position on the ground and make high-level contacts in the Iraqi government. He also played an important role along with Army Chief General Dalbir Singh Suhag in Manipur to chart out a first of its kind cross-border operation in Myanmar and inflict heavy casualties on insurgents disturbing India's peace.