Hi Ruchi,
Wish you happy wala birthday today all your wish come true, god bless you.
Ruchi it was really nice journey working with you really it was memorable days in our life , she is very understanding, smart, good leadership, very aggressive towards her work & know how to create her own environment. Ruchi you have made a drastic change in your personal life continue with this change in your future life too, always be happy keep smiling.
I wish you all the best for your future life.
Enjoy the day............
Tuesday, September 7, 2010
Friday, August 20, 2010
India Business Guide – 2010
As most of us must be knowing that S R Corporate Services is participating in the upcoming business expo organised by U S Asia Business forum in Los Angeles on 15-19th September. We have decided to prepare a comprehensive Business guide for the Foreign Companies looking to establish in India. This Guide will provide very detailed information about India. The work for the Guide preparation is in full swing as i can see tonight team of 8 people are working on the same and not time limit for tonight.
All the best , Keep working……………….you will be updated on event
Saturday, August 14, 2010
Happy Birthday Viday
Dear Vidya
Wish You Happywala Birthday…. Always keep smiling and do remain the way U are.
It was really nice to see all the happy expressions on
Do enjoy n have Fun
Tk care n have a wonderful year ahead ….
Ruchi
Independence Day
Dear All,
Tomorrow we are going to celebrate our "independence day"...we do talk(good and bad) a lot about our country in our every day life,most of the time we all criticise the wrong policies & system...
Today, lets try to explore what "Aazadi" means to us, what comes to our mind when we hear "hum aazad desh hai".....
Wednesday, August 4, 2010
Gujarat is home to India's wealth-creators
To accomplish this target, the state government is leaving no stone unturned in providing policy and infrastructure support to industry.
According to Gujarat Chief Minister Narendra Modi, "The state government's investor-friendly policies are helping
Powerful state
Almost all leading power project developers have either set up projects in the state or have expressed their intentions of doing so.
That
The state government plans to double its power generation capacity from the current 10,000 Mw to 20,000 Mw by 2012.
Singapore-based infrastructure firm Universal Success Enterprises, promoted by Prasoon Mukherjee, has committed an investment proposal of Rs 50,000 crore (Rs 500 billion) for a 10,000 Mw power station.
The Reliance-Anil Dhirubhai Ambani Group is setting up a new power plant with a capacity in the range of 6,000-8,000 Mw.
The Tata Group is already in an advanced stage of setting up a coal-fired ultra mega power project at Mundra in
Last year, the Adani Group commissioned the first unit of its 4,620 Mw coal-based power project at Mundra. The company has planned an investment of close to Rs 20,000 crore (Rs 200 billion) for the project.
Torrent Power, which supplies power to more than 2 million customers in Ahmedabad, Surat and Gandhinagar, dedicated the Sugen mega power project with a total installed generation capacity of 1147.5 MW to the nation in September last year.
The company plans to expand generating capacity by 3,000 Mw.
Going green
Green energy is another focus area of the state government, and
The Clinton Foundation, Tata Power, NTPC and the Adani Group have expressed the intention of setting up solar projects in the state.
And Gujarat Urja Vikas Nigam Ltd, an apex electricity company in the state, has inked power purchase agreements with over two dozen companies to procure solar power totalling 420 Mw.
Ports
The state government envisages development of 10 green-field ports, six of them in the private sector and four as joint-sector ports.
The new private and joint sector ports will be operated on the Build-Own-Operate-Transfer principle.
The Adani Group, Pipavav Shipyard,
The state government is also focusing on shipyards, and Jindal Shipyard, Bharati Shipyard, Afcons and Dolphin group have expressed interest in investing in the sector.
It's SEZzzzzling!
Exports from
Reliance Industries' Jamnagar SEZ became the single largest SEZ in the country, with its exports crossing Rs 75,000 crore (Rs 750 billion), while the Surat SEZ emerged second with its exports crossing Rs 22,000 crore (Rs 220 billion).
The state has about 10 operational SEZs and close to 60 notified SEZs.
Oil is well here
The Essar group has also set up a refinery in
About 36 per cent of
SIR and DMIC
The
About 12 such special investment regions -- including Dahej, Sanand, Dholera, Changodar, Santalpur and Hazira - have been identified and master plans are being prepared. Each will be at least 100 sq km in area.
Dholera, in the DMIC, will be the first city to be developed by the Gujarat Industrial Development Board.
With an area of 360 sq km, Dholera will see an investment of Rs 55,000-60,000 crore (Rs 550-600 billion), of which Rs 38,000 crore (Rs 380 billion) will be on a public-private partnership basis.
Dholera's first phase is likely to be completed in 2016 and the aim is to attract a population of two million.
Vibrant
Held biannually since 2003, the Vibrant Gujarat summit aims to attract foreign investment and knowhow into the state.
VGGIS 2009 saw a mammoth investment commitment of Rs 12 lakh crore (Rs 12 trillion) through the signing of over 8,500 memoranda of understanding.
The way ahead
The government has infrastructure projects worth Rs 11.81 lakh crore (Rs 11.81 trillion) lined up for the next 10 years, according to an authoritative three-volume project report, Blueprint for Infrastructure in Gujarat 2020, released recently by Chief Minister Narendra Modi.
The report says that the share of the power sector will be Rs 223,000 crore (Rs 2.23 trillion), that of ports and shipbuilding Rs 119,000 crore (Rs 1.19 trillion), gas Rs 123,000 crore (Rs 1.23 trillion), urban infrastructure Rs 112,000 crore (Rs 1.12 trillion) and that of the Dholera SIR Rs 109,000 crore (Rs 1.09 trillion).
Tuesday, July 27, 2010
About" Gratuity" - A word we have been hearing since childhood
The Payment of Gratuity Act 1972:- Gratuity is a voluntary Payment made by the employer to the employee in recognition of continuous, meritorious services and sincere efforts by the employee towards the organization.It is governed under the Payment of Gratuity Act 1972.It is an Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, Oilfields, plantations, ports, railway companies, and shops or other establishments.
Applicability:-As per the Gratuity Act, the scheme for the payment of gratuity is available to:
· Employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments and for matters connected therewith or incidental with.
· Every shop or establishment within the meaning of any law for the time being in force in relation to shops and establishments in a State, in which ten or more persons are employed, or were employed, on any day of the preceding twelve months;
· Such other establishments or class of establishments, in which ten or more employees are employed, or were employed, on any day of the preceding twelve months, as the Central Government may, by notification, specify in this behalf.
Employee :-The term “employee” is defined in Section 2(e) of the Act as any person (other than an apprentice) who is employed for wages, whether the terms of such employment are express or implied, in any kind of work, manual or otherwise, in or in connection with the work of a factory, mine, oilfield, plantation, port, railway company, shop or other establishment to which this Act applies, but does not include any such person who holds a post under the Central Government or a State Government and is governed by any other Act or by any rules providing for payment of gratuity;’.
Gratuity Entitlement :-Gratuity is payable to an employee (nominee – in case of death of employee) who has rendered continuous service of five years or more on his termination of employment, superannuation, retirement or resignation. Completion of continuous service of five years is not necessary where the termination of employment is due to death or disablement due to accident or disease.
Exceptions:-Forfeiture of gratuity amount wholly or partially or to the extent of Damage /loss in case of an employee whose service has been terminated for:
· Any act, willful omission or negligence causing any damage or loss to, or destruction of, property belonging to the employer; or
· Act of riotous or disorderly conduct or any other act of violence on part of employee; or
· Any act which constitutes an of fence involving moral turpitude, in the course of his employment.
Nomination:-In case of death, the gratuity is payable to any of the following persons:
· Nominee
· Heirs (in absence of nomination)
· In case nominee/ heir is a minor, such amount will be deposited with the controlling authority who shall invest the same for the benefit of such minor in such bank or other financial institution, as may be prescribed, until such minor attains majority.
The Gratuity limit has been raised from 3.5 lakhs to 10 lakhs:-There has been amendment in the Payment of Gratuity Act 1972, following proposal of Labor and Employment Ministry, demands from trade unions and others to remove the ceiling or increase the maximum payable amount, which was fixed in 1997. It shall come into force on 24 May 2010 as per the Notification in the Official Gazette.
Maximum Limit :-The Gratuity limit as per Section 4(3) has been raised from 3.5 lakhs to 10 lakhs. This will give advantage to both private and public sector employees. According to this new amendment, the maximum gratuity exemption as per IT Act also increases to Rs. 10,00,000.
Determination of Gratuity Amount
· For every completed year of service or part thereof in excess of six months, the employer shall pay gratuity to an employee at the rate of fifteen days’ wages based on the rate of wages last drawn by the employee concerned.
· The Gratuity calculation is done as per the last average remuneration drawn and time in years served by an employee.
· The amount of gratuity payable to an employee shall not exceed Rs. 10,00,000 (increased from Rs. 3,50,000).
· In order to compute the gratuity payable in case of employees em ployed in seasonal establishments, daily wages, or piece rated employ ees. Computation will be as per the provision of the Act.
· It can be formulated as follows:
·
· Basic + DA (Wages Last drawn)* 15days 126 * number of years of continuous service (six months or less to be ignored and more than six months to be counted as full year)
| TIME LIMIT / FORMS FOR APPLICATION TO BE MADE TO EMPLOYER | ||||
| Sr. | Particulars | Form | Timeline | Compliance by |
| 1. | Nomination | F | 30 days after completing 1 year service | Employee |
| 2. | Application for Gratuity | |||
| · on gratuity be- coming payable to the employee | I | 30 days from the date of gratuity becoming pay-able | Employee | |
| · on gratuity be- coming payable to the nominee | J | 30 days from the date of gratuity becoming pay-able | Nominee | |
| · on gratuity be- coming payable to heir | K | 1 year from the date of gratuity becoming pay-able | Legal Heir | |
Thursday, July 22, 2010
Enjoy The Office Picnic
Dear Friends ,
Do enjoy this office picnic and have lot of fun , forgetting and putting aside all your worries and pain .
Hope you all enjoy tomorrow's fun trip .
DO revert with your comments when you are back from this experience ...............
E'njoy !
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