NWKRTC hikes bus fares

Movies as on 05-03-2010

Theater	Movie	Timings
Big Cinemas	My name is Khan	6.45
	Teen Patti	12.45
	Karthik calling Karthik	3.45,9.45pm
	Atithi tum kab jaoge	12.30,3.30,6.30,9.30pm
Nirmal	Sugreev (K)	12.15pm,3.15,6.15,9.15
Huns	Varshadhare	12,3,6,9
Arun		12.30,2,4,7
Roopali	3 Idiots	12.15,3,6,9
Balkrishna	Gladiator 2	12.30,3.30,6.30
Chitra	ROKK	12.15,3.15,.615,9.15
Swaroop	Atithi tum kab jaoge	12.15,3.15,6.15,9.15
Hira	My name is Khan	6.15,9.15
	Rajadhiraj	12.15,3.15
Prakash	Adhurs (T)	12.15,3.15,.615,9.15
Nartaki	my name is Khan	3.15
	NATRANG (Marathi)	12.15,6.15,9.15
Santosh	Aaptrakhsak(K)	12.15,3.15,6.15,9.15
Globe		12.15,1.45,3.45,6.45
Kindly check the exact  timings with the theaters

Student killed in accident he could have been saved

Narendra Murkumbi in Young Global Leader list of WEF

Life for Narendra Murkumbi, Managing director of Shree Renuka Sugars has been dream run in the past few years. After acquiring companies globally he is now found himself a place in the World Economic forum - Young Global Leaders list declared on March 3, 2010.
The Belgaum boy is taking his company Shree Renuka Sugars to new heights and at the same time, the name of Belgaum as well. Narendra is making a mark on the global front and in no time we should see his company in the fortune 500 list.

The Forum of Young Global Leaders is a unique, multistakeholder community of exceptional young leaders who share a commitment to shaping the global future. Each year the World Economic Forum identifies 200-300 extraordinary individuals, drawn from every region of the world. Together, they form a powerful international community that can dramatically impact the global future.
See the complete list of honorees

Suvarna Vidhana Soudha work stalled by farmers

Wild life photographer Niranjan Sant wins award

Lotangan at Ashwathama temple Belgaum

Happy Holi

Festival of colors HOLI is being celebrated in the city with great enthusiasm.
A major crowd puller this time was the program organised by MLA Abhay Patil on Lele Ground named Holi milan, where there were sprinklers, dry color and separate areas for men and ladies where all could enjoy.
There also was live orchestra with foot tapping songs for the crowd to go mad.
The young crowd normally seen on Deshmukh road was not seen as most of them were on Lele ground but later the Deshmukh road also saw its old glory.

Foot over bridge to be removed

The non sense foot over bridge built at Yedhe Khut, Dr.Rajendra Prasad Circle on college road near Vanita Vidyalaya will now be removed. The city corporation has invited tenders from reputed contractors for the removal of the bridge.

The foot over bridge built in 2000 by BUDA has never been used and was used for illegal activities and for advertising and recently for film shooting.

The bridge was built at a cost Rs.13 lakhs in year 2000 and now Rs.5 lakhs will be spent for the removal.

The dismantled bridge will kept at the corporation premises and later might be installed at first gate or CBT, but nothing of this is final.

This particular foot over bridge was wrongly built and main intention of building this was school children and commuters from villages who want to come into city will sue this to cross the College road.

But no one used to use this bridge, atlast its end is here.

Hope the removed bridge would be again installed in a scientific manner and in such a way that people will make use of it.

Dhananjay Mahadik India hockeys dragflicker from Belgaum

Dragflicker Dhananjay Mahadik feels short corners will be India's strong point in the forthcoming hockey World Cup starting on Sunday.

Dhananjay was born in Shriwal district of Satara.

After facing hardship at the age of 16 after his father, personnel in the Bombay Fire Brigade department expired Dhananjay shifted to Belgaum after passing class 7th to join Boy Sports Company and ever since there’s no looking back.

He works in the Indian Army.

He first picked a hockey stick in 1994 and since then he is obsessed with it.

From the age of 14 he was in the school in Belapur and it was during the computer testing that the institution found out that he was outstanding in physical fitness and had an aptitude for hockey. So he had to undergo training for three years and since then there has been no looking back. He represented the country in junior World Cup and got the opportunity to play in the senior team in the South Asian Games and now in the world cup.

Thanks Amar Kulkarni.

Petrol to cost 5352

After the excise duty increase in the union budget yesterday the new increased prices of petrol in the city are as follows:

Petrol: Rs.53.52 earlier it was Rs.50.56 (increase of Rs.2.96)

Diesel: Rs 40.00

Historical price chart over the years

Security tightened for Holi and Id Milad

View of CA on union budget 2010-11

Sujay Nimbalkar has compiled these reviews of the union budget 2010-11 by different chartered Accountants of Belgaum.

CA. B.B.Chandargi
Chairman of Belgaum Branch of Institute of chartered Accountants

Income Tax
1.The increase in Slab rate will be benefiting the particularly the middle class Tax Payers in the Income range of Rs.3.00 Lakhs to Rs.8.00 Lakhs leading to a Savings of Rs. 50000 in tax.
2.Also the proposed weighted deduction of 200% on Research activities to will give a major boost to Technology & Industrial growth.
3.Farmers have been benefited as the effective rate of Interest now on will be 5 %
4.The Increase in Tax Audit limit for Business and Professionals will reduce the paper work as well as the Income tax procedures for Small & Medium enterprises.
5.Charitable Institutions can also carry out Non Charitable activities upto a limit of Rs. 10 Lakhs, this will mean better activities in the nature of public interest.
6.Companies subject to MAT will have to pay additional 5% i.e total 15% as Mat (Minimum Alternate Tax).

Excise Duty :Excise duty is not favorable for large car buyers
Introduction of few more services under the Service Tax net will boost the service tax revenue of the Govt but it is not a welcome by those service providers.
However the large amount of Fiscal Deficit of our economy is cause of concern.


CA. Sanjay D Shirguppe
Practicing chartered Accountant, Belgaum

The Basic Exemption Limit in case of Service should have been increased ( on the lines of increase in Income Tax Limit) to Rs.15 Lakhs from the present limit of Rs. 10 Lakhs thereby relieving the small service tax providers from the efforts of Registration under Service Tax rules and following the procedures thereon.
However the agricultural interest rate of 5 % to farmers is favourable.
The levy of additional duty of Re.1 per liter on Petrol and Diesel will indirectly lead to rise in the prices of other commodities and services resulting in increase in Inflation. Also I don’t see any steps taken by our Government to bring down the present inflation.

CA Vinay B
Practising Chartered Accountant Belgaum

Our BUDGET 2010, in the backdrop of rehabilitating economies all over the world was being viewed with greater anticipation to pave the road ahead for growth and development. The budget in a very acute sense projects this with following proposals:
Change in income tax rate slabs to the advantage of individual tax payers.
Reduction in surcharge to corporate tax payers.
Abolition of Commodities Transaction Tax.
Retention of same rate of service tax.
Extra boost for investment in Infrastructure Bonds.
Establishment of agencies to monitor the implementation of infrastructure projects.
Other successful programmes of past years revamped to suit the future requirements (NREGS, APDRP, ICDS, SHG, etc.)
However, the budget was condemned by opposition parties on various issues and this happens to be the first budget that led to walkout of opposition parties.
The major short comings in the budget can be owed to the following:
Increase in excise duties and fuel prices.
Postponement of GST to one more year.
No changes in the basic tax rate of corporate tax payers.

The theme of this budget lies in creating demand through surplus funds in the hands of consumers (individuals) through reduced direct taxes and then charging them for consumption through the way of indirect taxes.

In view of all the above, I opine that no budget would satisfy everybody, as it is only a balancing act of Government Revenues and Expenditures, and keep check of the fiscal deficit, which in the current budget is on the higher side at 6.8% of GDP. There is no need to despair and criticize the budget, as other reforms are due in the near future. I am sure that the coming times will bring better reforms and a lot of growth in infrastructure. The present budget is only a half hearted signal in this direction. I hope for better reforms in times ahead.

Lobbying for IIT in Belgaum

After a long stint for opening an IIT in Belgaum the last time steam is getting heated again for having one here.

Mla Abhay Patil had tried getting in other MLA's of the state with him and had also submitted a letter to union HRD minister Kapil Sibbal. But nothing concrete was mentioned then.

Now the same issue has raked up again after the Union law minister M. Veerappa Moily has promised to set up an IIT at Muddenahalli, the birthplace of Sir M. Visvesvaraya.

Belgaum MLA Abhay Patil, met union HRD minister Kapil Sibal with MP Suresh Angadi and Congress MLA Ashok Pattana on Monday in Delhi, to put forward Belgaum's case for the institute.

Mr Patil said 122 MLAs from North Karnataka, Hyderabad Karntaka and Mumbai Karnataka have signed the petition urging the government to establish an IIT in Belgaum.

The institute is needed here as it will help boost the economy of the whole region, which is backward and badly in need of development, Mr. Patil said.

Will this lobbying help in any manner is to be seen. Normally Belgaum is treated soberly on all fronts may it be Railways or other infrastructure.

One main factor missing in this whole issue is the support of the citizens of Belgaum. How many know that some one is lobbying for an IIT. There is no awareness here only then what will this impact anyone else.

Movies as on 26-02-2010

Theater	Movie	Timings
Big Cinemas	My name is Khan	12,3
	Teen Patti	12.30,6.30,9.30pm
	Karthik calling Karthik	3.30,6.15,9.45pm
Nirmal	Sugreev (K)	12.15pm,3.15,6.15,9.15
Huns	SubhashchandraBose	12,3,6,9
Arun		12.30,2,4,7
Roopali	3 Idiots	12.15,3,6,9
Balkrishna		12.30,3.30,6.30
Chitra	Teen Patti	3,6,9
Swaroop	Varshadhare(K)	12.15,3.15,6.15,9.15
Hira	Karthik calling Karthik	3.15,6.15,9.15
	Teen Patti	12
Prakash	Jugari (K)	12.15,3.15,.615,9.15
Nartaki	my name is Khan	3,6,9
	karthik calling Karthik	12
Santosh	Aaptrakhsak(K)	12.15,3.15,6.15,9.15
Globe		12.15,1.45,3.45,6.45
Kindly check the exact timings with the theaters