Indian Monthly March 2015

 

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Indian Monthly March 2015

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FREE Vol-2 ISSUE-3 20 March - 20 April 2015 DO NOT LITTER M NTHLY MELBOURNE’S LOCAL INDIAN NEWSPAPER www.indianmonthly.com.au INDIAN 20th March - 20 April - 2015 / www.bollywoodsun.com.au A ‘kick’ start to the career of Jacqueline Fernandez I am a little shy: Dhanush I wouldn’t do a half-baked thing: Varun Dhawan We are the products of our doings: Tisca Chopra All the Best - India Let’s do it again! Budget out- bills soar India’s Daughterdocumentary banned Spreading the colors of love

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20 MARCH - 20 APRIL 2015 | INDIAN MONTHLY 3 PUBLISHER / editor-in-cHIEF Yogita Bhardwaj CEO / editor Avniesh Bhardwaj JOURNALIST VINITA MALHOTRA bollywood sun JOURNALISTS Shailesh Giri | usha mishra MARKETING Kshipra Cariappa | Vidya Santosh PHOTOGRAPHER Nikunj Madaiah WEB DEVELOPER / graphic designer GAURAV KAPOOR GRAPHIC PREPRESS Sarabjit Sidhu CUSTOMER SERVICE & DISTRIBUTION Munish Kumar From the Publisher’s desk Indians all over Victoria have been spreading the colors of love and happiness during Holi, attending a number of Holi events like the Wyndham Holi, the AIII Holi Mela and the Rockbank Holi Festival. The World Cup fever continues to mushroom with cricket fans doing good and is on the top of Pool B with 12 points to its credit. After defeating Pakistan, South Africa, Ireland, UAE, West Indies, the team has rolled up its sleeves to play against Bangladesh. Where on one hand, the documentary ‘India’s Daughter’ on the Delhi Rape case of December 2012, ‘Nirbhaya’ has erupted many controversies not only in India but around the world, on the other side, the souls of many have been shaken after the death of Indian woman who got stabbed in Sydney last week. There are a number of upcoming events like the ‘Vaisakhi Mela’ to be graced by the most popular Punjabi singers Sharry Mann, Babbal Rai and Jasii Gill; the ‘Baap ka Baap’ event to be attended by Bollywood actor Asrani and others; and the Multicultural Race Day to be embellished by the distinguished Indian jockey in Mark Reuben. The details of all the upcoming events can be found inside. Will talk again! Yogita Bhardwaj No material in Indian Monthly, including advertisements, may be reproduced in without the written consent of the editor. Opinions carried in Indian Monthly are solely those of the writers, and not necessarily endorsed by Indian Monthly . All correspondence should be addressed to: Avyosa Pty Ltd ABN:94 196 825 236 Level 1, 55 Walsh St, West Melbourne, VIC 3003 Ph: 03 9600 9227, 0400 988 402 FAX:03 9326 5722 Email: yabs@yabs.com.au IDEAL TRAVEL SERVICES CHEAP FARES, ANYTIME Lowest Airfares to INDIA From $830* Cheapest Airfares Guaranteed 24/7 Call Us Anytime, Any day... CALL US NOW !!! T. (03) 9748 6549 M. 0405 493 732 *Conditions Apply | Price is Subject to Availability of seats and price can change with or without notice at any time. Fly SINGAPORE AIRLINES by march 31st to get $40 gift coupon. Valid only on Singapore airlines and silk Air flights transiting through Singapore. www.indianmonthly.com.au

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4 INDIAN MONTHLY | 20 MARCH - 20 APRIL 2015 Indian woman stabbed in Sydney: Horrific murder AN Indian woman was stabbed while she was walking back home from work through the Parramatta Park in Sydney at around 9:30 PM (AEDT). Prabha Arun Kumar, 41 was an IT worker and was talking to her husband, Arun in India over the phone at the time of the incident. She was hit multiple times in the neck while walking on a dimly lit path in the Sydney Park. Her husband heard her scream for help and pleading the man not to harm her and take the belongings if he wants to. She told Arun that she was stabbed and the phone was disconnected abruptly. She collapsed on the walkway and was found by a passer-by in a pool of blood who called the police. She later died in the hospital. Ms Kumar has been working for IT Company Mindtree in Australia for three years. She was planning to return to India in April because of the work pressure and being away from the family. The Mindtree community and the residents of Westmead are devastated by the horrific tragedy. Her nine year old daughter, Meghana is not yet told about the death of her mother and she keeps on asking her father why there is no phone call from her mother from last few days. The family is still in shock and said it is becoming tougher for them to keep Meghana in dark as the news is all over the media. Police commander Willing said Ms Kumar was last seen on CCTV cameras walking from Parramatta Railway Station. Police are urging anyone in the area on Saturday night to come forward. It is likely to be a random attack and not racial. Mr Willing iterated, “We have no reason to believe she was known to her attacker; we’re considering all options at this point of time, including the fact it may have been a random attack.” Yadi Singh, President of Indian Australian Association of NSW said he had asked the local police, council and the Parramatta Park Trust to undertake an urgent review of the area between Park Parade, Parramatta, and Amos Street in Westmead to identify any security blackspots. He extended, “Lighting and CCTV facilities should be installed and improved if that is what needs to be done to improve safety and security of people in the area.” Unfit employers disqualified from hiring Automotive Apprentices: VRQA were being properly supervised and trained. Mr Herbert said, “Apprentices working in the automotive industry need to gain the required skills and knowledge to conduct mechanical work. It’s about public safety.” The quality of training plummeted under the former Liberal Government’s cuts to the vocational education and training (VET) system. Mr Herbert iterated, “The Andrews Labor Government is focussed on giving people the best education and training possible, so they can get the job they want.” Eight employers in Dandenong, Burwood, Albion, Campbellfield, Mitcham, Preston, Sunshine North and Glen Iris were disqualified from hiring apprentices. 60 training contracts between employers and apprentices were cancelled and a further 39 contracts were voluntarily cancelled. The apprentices were all enrolled with a common training provider and those wanting to continue their apprenticeship have been offered support to continue their training with another provider. Problems uncovered by the VRQA investigation included: • Poor supervision of apprentices • Inappropriate work tasks or facilities • Limited evidence of training, including a lack of contact with the registered training organisation • Apprentices not being released to attend formal training, or not being paid to attend training. The Andrews Labor Government’s recently announced Review of Quality Assurance in Victoria’s VET System will recommend a new framework, so all training providers that deliver government-funded training meet quality standards. This will feed into the Mackenzie Review which will recommend a model of sustainable, high quality training across the training sector. Mr Herbert commented, “Unlike the previous Liberal Government’s light touch approach, which failed to crack down on low quality training, the Labor government will restore faith in the quality of our training system by introducing more rigorous quality control of providers.” He further added, “The Andrews Labor Government will not tolerate inadequate supervision and training of apprentices. Employers need to do the right thing.” This year VRQA will conduct regulatory campaigns targeting specific qualifications and occupations and will be on the lookout for inadequate supervision, work or duties that don’t match the qualification an apprentice is enrolled in and employers who don’t release apprentices to attend training or pay them to attend training. Facts Many of the apprentices that had their training contracts cancelled were not working as automotive technicians. They have continued working at the same employer but are not interested in recommencing an apprenticeship. Australian Apprenticeship Centres are supporting affected apprentices who wish to continue their apprenticeship training with other training providers. The VRQA has worked with unions, the automotive industry and relevant State and Commonwealth Government agencies. Any apprentice or trainee with concerns about lack of supervision or training can call the VRQA on 1300 722 603. A number of employers in the automotive industry have been disqualified from hiring apprentices, following a Victorian Registration and Qualifications Authority (VRQA) investigation into low quality training. Minister for Training and Skills, Steve Herbert said the disqualifications followed an investigation of 115 employers in the automotive industry that checked whether 160 apprentices www.indianmonthly.com.au

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20 MARCH - 20 APRIL 2015 | INDIAN MONTHLY 5 however Shivankit Sam Kapoor Property Consultant M: 0411 333 773 Hasib Sean Tahbin Property Consultant M: 0434 522 165 Pat Singh Property Consultant M: 0421 035 533 Over 43 Years Experience in House & Land Packages, Off the Plan Residential, Townhouses & Apartments starting from as little as $320,000. House & Land Packages Apartments www.indianmonthly.com.au

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6 INDIAN MONTHLY | 20 MARCH - 20 APRIL 2015 The answer is a resounding “NO” Is It The “Chinese” or the “Indian” or “Sri Lankan” Migrants’ Fault For The Huge Increase In The Property Prices in 2013-2015? Little wonder then that the attainment of financial independence has been and remains a dream for most Australians. Talking to successful Investors teaches us how to become financially independent in our later years. This is only achieved by working harder, learning how to save an investment property. Remember you are investing to secure your financial independence for your retirement years and your children’s future. This means you want to create a passive income and build equity. Set a goal and with good planning and tight budgeting, do • What are your major financial goals? • Do you have a strategy that is currently working to achieve these goals? MBIC has developed a sequence of checkpoints to assist you in gathering all the information necessary to enable you to make well informed decisions and put into action a plan that will move you much more rapidly towards the achievement of your financial dreams and goals. MBIC’S goal is “Assisting people to create wealth through property investment”. TO DISCOVER THE SECRETS OF USING YOUR SUPER AS A DEPOSIT TO BUY PROPERTY MBIC has an information night on Saturday 28th March, 2015 at 3pm on how to invest by using your superannuation. NO OBLIGATION. You are most welcome to attend and bring your colleagues/ friends with you. Please email me for your reservations and how many of you will be attending as seats are limited. For the meantime should you have any question or would like to seek further assistance on property investment options, please feel free to call me on: Mobile: 0411333773 Readers, I have written much about property and its statistics over the last 40 years. In this month’s article I want to explain to you the phenomena of ‘We Australians being a product of our own environment’. Readers, if we believe the daily newspaper articles declaring that the Chinese, Indian, Sri Lankans or migrants in general that are paying any price and thus forcing house prices to rise exponentially whereby the Australian first home buyers can no longer afford to enter into the property market is not correct. Readers, this is not new to us and certainly not a new phenomena because in the 1950-1960s it was the Italian and Greek migrants, in the 1970›s - 1980›s it was the Japanese Vietnamese and the Cambodians, and in 2009-2010 the Chinese again forced the Australian government to change the (FIRB) Foreign investment Review Board regulation. This led to the downturn in the economy of 2011-2012 and now it is the Chinese again causing this great problem as per Newspaper reports. Readers, this is not the migrants fault because migrants appreciate the value of owning their own home and the value of property investments in Australia. Readers, this is demonstrated by the attached chart showing the number of Australians that own an investment property, take a minute and study this. Unfortunately, we are a product of our own environment. From when we are born until our preschool years or 5 years old, we learn our basic language skills and well being from our parents and grand-parents, we then go to primary school for the next 6 years and we learn another set of skills such as English, Mathematics etc. We continue learning basic communication, social and technical skills up to the age of 18 and then a further 3 to10 years at University studying vocational skills. All of which is directed at helping us participate in society and earning a good living. And yet, NOT one minute is devoted to teaching us how to best manage our income, evaluate and quantify our needs and goals and/or plan and take the action necessary to realise these goals. No. Australian Property Investors Percentage of Property Investors 62.78% 23.77% 7.99% 3.22% 1.47% 0.76% Property Interests Number Percentage of Population 1 only 2 or more 3 or more 4 or more 5 or more 6 or more 1,206,627 456,954 153,595 61,897 28,345 14,580 5.40% 2.05% 0.69% 0.28% 0.13% 0.07% 4 and onwards is where the financial freedom is. The working population of Australia is 11 Million Only 1% of investors will make it, 99% will not make it!! Source: ATO & Population numbers from the ABS our money and investing our hard earned money so that it grows or at least keeps pace with inflation. Ask us how, where, when and why we need to invest?? We will be more than happy to share with you how it can be achieved. Why Property? We invest in Property because of Property’s Strong Historical Performance for the last 100 recorded years. As an example in 2003, the median price in Melbourne was $371,000 and in 2013 the median price in Melbourne was $610,000. That’s a substantial increase over the years with very little effort put in. There are several reasons why Melbourne compared to other major Cities was voted the best City 3 years running. The main reason being a huge influx of migrants arriving thus causing a great demand in supply for Owner Occupiers and Investors. However, you need to establish a concise investment plan to help you pay off your home earlier while investing in property with a goal of having a comfortable and enjoyable retirement. It is important to understand your reasons for purchasing whatever it takes to achieve it. Know your limits and stick to your plan. Melbourne Business and Investment Corporation Pty Ltd (MBIC) specialises in the Property investment process by sourcing and coordinating the multitude of options with its associated business partners such as Reputable Developers, Finance Brokers, Financial Planners, Accountants, Conveyancers and Solicitors for the successful investors and also Owner Occupiers. MBIC has made the property investment process very easy and MBIC’s one stop shop with property sales and specialist follow on property management services; it can assist with pre-assessment of borrowing capacity based on current circumstances. MBIC Step by Step Process Financial independence is not a matter of hard work or good luck; it is achieved through the systematic application of a sound, goal oriented, and financial strategy. • Learn how to save and how to make your money grow E-mail: sam@mbic.com.au DISCLAIMER: MBIC has used their best endeavors’ to ensure that the information contained in this article is correct. However, neither MBIC nor its, licensors or suppliers (nor their respective directors, affiliates or employees), accept any liability (direct or indirect) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits or savings, arising out of or in any way connected with the use of any information, contained in this article, or any error, omission or defect in the information Therefore, the information contained in this article should not be relied upon and purchasers should make their own enquiries www.indianmonthly.com.au

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20 MARCH - 20 APRIL 2015 | INDIAN MONTHLY 7 PANDITH : RAVI VARMA NEW IN MELBOURNE Call for appointments 0415 599 636 0415 943 035 2/1 Nicholson Court Clayton VIC 3168 1 minute walk from train station PRIVATE & CONFIDENTIAL Open 7 Days From 8:30am to 8.00pm www.indianmonthly.com.au

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8 INDIAN MONTHLY | 20 MARCH - 20 APRIL 2015 The Darker side of Surrogacy AS every coin has two sides, Surrogacy has cons along with a number of pros both for the surrogate mother and for the intended parents. As commercial surrogacy is illegal in Australia, the offshore baby market is booming mainly in India, the US and Thailand to carry children of the intended parents. With this increase in cross-border commercial surrogacy, there is a need for greater regulation. There are a number of moral, legal and global market. Commercial surrogacy is illegal in Australia but Altruistic surrogacy which surrogate is legal and it is legal for single people or same sex couples. It is illegal to pay a surrogate in Australia where in only the medical bills could be paid. The legal transfer of parentage after the surrogacy arrangements is the responsibility of state and territory governments. In cases where surrogacy arrangement takes place outside of Australia, the legal transfer of parentage may fall behind as rules are different in different countries. For example, there may be a commercial agreement between the surrogate mother and the intended parents outside of Australia or the surrogate mother may not have received counselling. Independent legal advice is recommended in such cases. There are other legal formalities like bringing the child to Australia for which the intended parents of the child have to apply for Australian citizenship or a permanent visa for the child. Other risks involved in surrogacy may be the overall cost as many Health Insurance Plans do not cover surrogacy. This means all the medical expenses go out of pocket in such cases. In some communities, surrogacy is against the law as well. The whole process is an emotional rollercoaster-ride not only for the parents but also for the surrogate mother. Sometimes, the society and more certain perspective and do not accept the child. Choosing the surrogate mom is not a child’s play as she has to be mature enough to deal with the emotional side and should not back-out later. Another risk related to surrogacy is that you can’t force a pregnant mother on how to behave and take care of herself and consequently the child could be exposed to smoking, alcohol, drugs and other risk factors. Sometimes, the intended parents later refuse to pay the medical and other expenses of the surrogate mother or they may refuse to accept the child in case the child has any disability. The surrogate mother may also refuse to hand over the child and keeps the child herself. Such was the case of baby Gammy who was abandoned by his Australian parents because he was born with a Down syndrome in December 2013. Another terrible incident happened in 2012 wherein twins were born to an Indian Surrogate. The intended Australian parents wanted the baby girl and heartlessly discarded the baby boy There are also instances of the surrogates changing her mind and opting for abortion. Keeping these hurdles in mind, there is a need to safeguard the health of both the surrogate mother and the child and also the interests of both the parties. How to Build a Solid Foundation towards a Wealthy Retirement through Property Investments. MBIC is holding a FREE Informative Property Investment Forum When: Saturday 28th March 2015 Where: 40-42 High St, Glen Iris 3146 Time: 2.45pm for a 3pm Sharp Start Shivankit Kapoor Property Consultant Sonia Cannataro Director MBIC CPA Accountant/Financial Planner - Can you afford to Retire? - The Advantages of Buying an Investment Property. - Melbourne’s Most Affordable Suburbs to Invest In. - How to Maximise Your Tax Benefits and Return On Investment. - How to Purchase Multiple Properties. - Purchasing Property through a Self Managed Superannuation Fund. Hasib Tahbin Property Consultant - Becoming Financially Secure and Planning for your Retirement. - Family Budget Planning. Pat Singh Property Consultant Please Reserve your Seats; (SEATING IS LIMITED) Contact Hasib Tahbin on 0434 52 21 65 — sean@mbic.com.au Shivankit Kapoor on 0411 333 773 — sam@mbic.com.au Pat Singh on 0421 035 533—pat@mbic.com.au www.indianmonthly.com.au

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20 MARCH - 20 APRIL 2015 | INDIAN MONTHLY 9 ALL YOU CAN EAT! SPECIAL OFFER All Our Food is Halal CATERING AVAILABLE FREE HOME DELIVERY FOR THE ORDERS OF $30 & MORE Children under 10 - 15 yo $ 14.90 Children under 10 yo $ 9.90 Kids Under 5 are free if accompanied by a paying parent (Set menu, Drinks are not included) (Dine-In Only , No Sharing Please) Adult $19.90 OPENING HOURS Monday - Sunday 11.00 am - 9.00 pm From 11am -8pm Shop BOO-32, Craigieburn Central 340 Craigieburn Rd Craigieburn Vic 3064 E-mail: saltnpepper@hotmail.com.au EVERYDAY Ph: (03) 9305 6211 www.indianmonthly.com.au

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10 INDIAN MONTHLY | 20 MARCH - 20 APRIL 2015 Julie Bishop offers to pay for Bali nine duo’s prison costs Andrew Chan & Myuran Sukumaran to be executed or spared? valued at around AU$ 4 million from Indonesia to Australia. Bali Nine faced the death penality or life in prison if convicted. Andrew Chan, Myuran Sukumaran, Si Yi Chen, Michael Czugai, Renae Lawrence, Tan Duc Thanh Nguyen, Matthew Norman, Scott Rush and Martin Stephens. Of these nine, Lawrence and Rush were sentenced to life imprisonment on February 2006. The next day, Czugaz and Stephens were sentenced to life imprisonment and the group leaders Chan and Sukumaran were sentenced to death by firing squad. It was the first ever death sentence imposed by the Denpasar District Court. Later, on February 15 2006, Norman, Chen and Nguyen were sentenced to life imprisonment and had their sentences reduced to 20 years whereas the sentences of Czugaj and Stephens were upheld. Appeals were launched against the changes in their sentences by prosecutors. On 6 September 2006, it came to light that the Chen’s sentence of lifeimprisonment was overturned and he had the Death Penalty reimposed as a result of the appeals brought by the prosecutors. Later, Rush, Nguyen and Norman were also imposed with the death penalty. Again in March 2008, Norman, Chen and Nguyen who were issued death sentence got their sentences reduced to life imprisonment. In August 2010, Rush launched his final appeal to overturn death penalty and was granted a judicial review. This begin on 18th August 2010 and was successful on 10 May 2011 and his sentence was reduced to life imprisonment. On 21 September 2010, Chan and Sukumaran appealed against their pending death-row sentence and to reduce their jail time to 20 years instead of the life sentence. But it was rejected in June 2011. President Joko Widodo, in a speech in December 2014 said that he will not approve any clemencies for drug offences. Later in December Chan’s plea for clemency was rejected and both Chan and Sukumaran were sent to Kerobokan Prison. In January 2015, Australian Prime Minister Tony Abbott together with Foreign Minister Ms Bishop made representations to Mr Joko and Ms Retno for clemency in Chan and Sukumaran’s sentences. The duo is expected to be executed on the Indonesian penal island of Nusa Kambangan in the end of this month. The legal appeals of the Bali nine duo Andrew Chan and Myuran Sukumaran have been adjourned for one week. The duo is attempting to challenge President Joko Widodo’s decision to deny clemency to any drug smugglers, without exception. Australia has offered to pay the costs of the duo’s life imprisonment if they are provided mercy. Australian Minister for Foreign Affairs wrote to her Indonesian counterpart, “The Australian government would be prepared to cover the costs of the ongoing life imprisonment of Mr Chan and Sukumaran should a transfer not be possible.” Indonesian Foreign Minister Retno Marsudi wrote back, “Let me reiterate that there is no legal basis within the Indonesian law that would allow for such an exchange to take place. The president is of the position that such an exchange cannot be possible.” Bali Nine was the name given to a group of nine Australians arrested on 17th April 2005 in Denpasar, Bali in Indonesia for planning to smuggle 8.3 kg of heroin Senator the Hon Lisa Singh receives Pravasi Bhartiya Samman Award 450,000 Indian diaspora at the leadership level is critical for both the social and economic development of our two countries. They are an important part of our multicultural society and represent a powerful force for good.” “As two nations, finding solutions to problems together by drawing on the different experiences and approaches of each part of our society, is a critical part of our future successes.” As a passionate Tasmanian, Ms Singh is proud to represent the State as a Labor Senator. Senator Singh has also developed ties with India across a range of areas, including aid and development, women, the environment, renewable energy and workplace health and safety. She has engaged with Indian trade unions, members of parliament, academics, business and non-government organisations in advancing this dialogue. Senator Singh has committed to developing and strengthening ties between the sub-continent and Australia SENATOR Lisa Singh, Shadow Parliamentary Secretary for Environment, Climate change and Water visited Gujarat, India at the invitation of the Indian Government to receive the prestigious Pravasi Bharatiya Samman Award (Overseas Indians Award) which was conferred on her by the President of India. The Award is the highest honour given to the people of Indian origin living overseas and the ceremonies take place as part of the Pravasi Bharatiya Divas (Overseas Indians Day) recognising the achievements of the Indian diaspora around the world. The Award was given to Senator Singh on the basis of exceptional and meritorious public service as a person of Indian heritage in fostering friendly relations between India and Australia. Senator Singh is recognised as the first politician of Indian heritage, and of South Asian heritage more generally, to be elected to the Federal Parliament. “The importance of engaging with our through her role as an Australian Senator. She participated in the Lowy Institute’s Australia-India Roundtable in 2012 and 2014 and worked with Dr Andrew Leigh MP to facilitate Federal parliamentary Labor party engagement on the Australia in the Asian Century White Paper. She recently visited India with the Shadow Deputy Opposition Leader and Shadow Minister for Foreign Affairs, Tanya Plibersek meeting with politicians and government officials to facilitate greater understanding between the two countries. Senator Singh participated in a series of sessions and dialogues in Gandhinagar, India from 7 to 9 January organised by the Indian Government to develop relationships between India and the world, and greater connections within and between the Indian diaspora in Australia. Ms Singh tweeted, “Very humbled to receive the Pravasi Bhartiya Samman award with other Australian Awardee Mala Mehta.” www.indianmonthly.com.au

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20 MARCH - 20 APRIL 2015 | INDIAN MONTHLY 11 www.indianmonthly.com.au

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12 INDIAN MONTHLY | 20 MARCH - 20 APRIL 2015 Indian Budget 20152016 announced build a social security system for the benefit of everyone especially the “poor and under privileged.” Under the new budget, India’s corporate tax rate is likely to come down from 30% to 25 %. This will consequently make India more competitive against international rivals. The budget is also likely to impose higher taxes on the rich which means those making more than Rs 10 million will have to pay a 2% surcharge. The Government is also aiming to target tax cheats and imposing new penalties. There could also be jail terms reaching up to 10 years in cases of foreign tax evasions. The Government of India has also promised to boost infrastructure spending by 700 billion rupees next year which includes railways and other overhauled transportation systems. Excise on cigarettes has been raised to 15 percent and 25 percent for different categories. The tax on corporates has been reduced to 25percent over four years from the current 30 percent with an objective of creating more jobs and to boost spending. The GDP growth rate is seen at between 8 percent and 8.5 percent in 2015-16 and the aim is to reach double digit growth rate. The disinvestment target will be Rs 41,000 crore. Mr jaitley said he would stand by the fiscal deficit target for the year, which ends mar 31, of 4.1 percent target inherited from the last government. The Government has added 5,000 crores to boost the efficiency of MNREGA, the rural job creation scheme that is India’s costliest welfare program. FINANCE Minister Arun jaitley announced the Annual Budget 20152016 aiming at high growth and cutting the fiscal deficit which would boost investment and ensure that ordinary people benefit. Mr Jaitley remarked that growth will accelerate to between 8 and 8.5 percent in the fiscal year starting in April. A pace of 7.4 percent is expected for the current year. Mr Jaitley iterated, “India is about to take off.” With the latest budget out and various reforms done, there is a hope of sustained and rapid economic growth on one hand and frustrations, disappointments and cries on the other. Millions remain dissatisfied as various bills soar. Mr Jaitley proposed raising health insurance premium deduction from Rs 15,000 to Rs 25,000 and transport allowance from Rs 800 per month to Rs 1,600 per month. This seems to be a relief to the salaried class. Mr Jaitley commented, “Tax payers will benefit to the extent of Rs 4,44,200 from the exemptions announced.” out in restaurants. The proposed hike will make many services costlier. This tax will marginally impact a host of categories including eating out, grooming, movies, phone bills and grocery shopping. It will also impact web-based aggregators of retail sellers, taxi owners, bus operators and hotels including companies such as Amazon, Flipcart, Uber, Snapdeal and OlaCabs. A notification by the Finance Ministry’s Department of Revenue said, Gold Coins with Ashoka Chakra Finiance Minister Arun Jaitley in his Union Budget has proposed three important steps to be taken by the government to bring down gold imports worth 800-1,000 tonnes per year. Gold Monetization schemes will be introduced by the government to replace gold deposit schemes and gold metal loans. Depositors of gold will earn interest on their metal account. The government will also introduce a sovereign gold bond which will earn a fixed rate of interest. The government will mint gold coins with Ashoka Chakra to reduce demand for gold coins minted outside India. Service tax increased: Bills soar It was earlier assumed if the proposed tax “All aggregators which by means of The Service Tax and Education cess has been increased from 12.36% to 14 % which is not at all appreciated by the general public who will be effected by it. The service tax is applicable on almost everything from telephone bills to eating to keep India clean- the Swachh Bharat cess is included, then the effective service tax for the common man would be more pinching at 16%. But the experts have clarified that the effective service tax rate will not exceed 14.28% if the cess is included. an application and a communication device, enable a potential customer to connect with persons providing service of a particular kind under the brand name or trade name; shall fall under the service tax bracket.” The new budget has called for India to www.indianmonthly.com.au

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20 MARCH - 20 APRIL 2015 | INDIAN MONTHLY 13 SRI RAGHU RAM ASTROLOGY CENTRE PANDITH: RAGHU RAM is in Melbourne He CALL FOR APPOINTMENT 0424 975 226 0449 864 419 3 Mason Street 100 (Near Dandenong Train Station) Dandenong VIC 3175 E-mail: somuprince1188@gmail.com 0% 7 Days A Week - 10:00 AM TO 7:00 PM Football: The ballet of the masses PANNAM Drive Football Club Inc. is a not-for-profit organization encouraging the boys and girls of the community to take part in Soccer activities. It includes Miniroos (6–11 years) and Junior (12-18 years) small sided match age groups. Soccer activities will be held on Sundays from March 2015 to October 2015 from 9 AM to 11 AM at Hoppers Crossing Secondary College in Hoppers Crossing. The team entry will start in April 2015 for the Football Federation Victoria League. The FFV Registrations will include the club membership, uniforms and insurance. The training would be free of cost. During the competitions, the training will be provided twice per week. Football Federation Victoria (FFV) is the state governing body for Soccer in Victoria, Australia. It is affiliated with Football Federation Australia, the sport’s national governing body. The FFV’s premier competition is the National Premier Leagues Victoria, previously known as the Victorian Premier League. www.indianmonthly.com.au

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14 INDIAN MONTHLY | 20 MARCH - 20 APRIL 2015 2015-2016 Indian Rail Budget No more new trains but New Passenger-friendly initiatives WITH the Rail Budget 2015 out, Railway Minister Suresh Prabhu in his budget speech mentioned the four main goals that the current Modi government will work on to get railways out of its atrocious state. Mr Prabhu iterated, “We want to work on these four goals; to deliver a sustained improvement in customer experience; make Railways a safer means of travel; modernise infrastructure of railways and expand capacity and finally make railways financially self-sustainable.” And the good news is that the passengers are spared this time from any hikes in fares. Mr Prabhu also said that over the next five years, the railways will increase its carrying capacity from 21 million to 30 million and raise the track length by 20% from 114,000 km to 138,000 km and the freight capacity from 1 billion to 1.5 billion tonnes. There wouldn’t be any new trains or lines this time. Mr Prabhu explained further, “At present due to over utilized line capacity and backlog in track renewals, there are several speed restrictions, which lead to delay in running more number of trains. The review will be completed soon so that we can announce new trains and increased frequency in this session.” Projects worth Rs 96,182 crores are to be undertaken to expand the capacity of 9,420 km rail lines. A number of new passenger-friendly initiatives were announced which includes ‘Operation 5-minute’ so that ticketless passengers get regular tickets within five minutes of entering station; making railway helpline number 138 operational 24x7, toll free number 182 for security-related complaints and CCTVs in select trains for women safety. SMS alert service is to be introduced to inform passengers about train arrival/ departure, while wi-fi facility would be introduced at 400 railway stations. Rail-cum-road ticket is to be extended to many stations. More trains are proposed to be added under scheme for ordering food while booking tickets. On top of that, more general class coaches are to be added in identified trains and more air-conditioned Emu services would be introduced on Mumbai suburban section. Other highlights include various passenger amenities like ticket booking allowed 120 days in advance instead of 60 days; to allow SMS as a valid proof of ticket. Several steps will be taken for hygiene and cleanliness following the ‘Swachh Rail’ drive. www.indianmonthly.com.au

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20 MARCH - 20 APRIL 2015 | INDIAN MONTHLY 15 www.indianmonthly.com.au

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