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FAQs
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Why does the Senate have similar committees that are in the House?
Let’s go back to basics. Congress is, as a result of the Great Compromise, composed of two houses: the House of Representatives and the Senate. In order for a bill to become law, the bill must pass both houses in identical form, and it can then be presented to the President for his signature or veto.So it’s perfectly logical for the House and Senate to have Committees covering the same general jurisdictions (though they’re not perfectly in alignment). Each house will be taking up the same legislation on the same topics in order for anything to become law!Now, again, they’re not perfectly aligned. For one example in health care: the Senate Finance Committee oversees Medicare and Medicaid, while the Health, Education, Labor, and Pensions Committee oversees public health bills. But in the House, Medicare bills are shared between the Ways and Means Committee and the Energy and Commerce Committee. E&C also has jurisdiction over public health law.But each house has an Appropriations Committee that handles spending bills, each house has an oversight committee empowered to investigate the Administration, and each house has numerous authorizing committees that oversee other components of federal law, from natural resources to energy.
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Did Raghuram Rajan know about the demonetization scheme of Narendra Modi?
The following persons only were aware of the plan.1. PM Narendra Modi2. Finance Minister Arun Jaitley3. RBI Ex-Governor Raghuram Rajan4. RBI Governor Urijit Patel5. Secretary of Economic Affairs Shaktikanta Das6. Secretary of Investments & Currency Dr. Saurabh Garg7. and a few others in finance ministry.Because the plan was finalized six months back and Mr. Rajan left office on 4th September 2016 only. So such a decision can’t be carried out without the approval of RBI Governor.The detailed execution went something like this.Before Six Months- Plan was finalized and execution for the D-Day started.June - Banks were directed to dispense more 100 rupee note by RBI.Before three Months- Design of new 500 & 2000 rupee note was finalized and went for printing at Mysuru Mint press.PS: Only the design of the plate was finalized. The printing didn't start that time as Mr. Rajan denied continuing for next term and new governor was declared.The printing facility at Bharatiya Reserve Bank Note Mudran Private Ltd. (BRBNMPL) in Mysuru under Reserve Bank of India was set up with the De La Rue Giori, now KBA Giori, Switzerland.20 August - Mr. Urjit Patel was declared as new governor.4 September - Mr. Urjit Patel joined office as new governor and gave a green signal to Modi for demonetization after a thorough discussion. He sent his signature sample in English and Hindi to be added to newly designed 2000 currency plate.5–6 September - Signature was added to the plate and new dye was made. Printing of currency started.27 October - The central bank put out a warning about fake currencies on its website. It asked banks to put entire banking areas under CCTV surveillance and ensure that cash receipts in the denominations of Rs 100 and above are not put into re-circulation without the notes being machine-processed for authenticity.The CCTV surveillance is now being used to monitor and record all the money exchanges that are taking place at banks.2 November - Banks were directed again to dispense more Rs 100 notes through ATMs within the next fortnight.7 November - The Heads of currency management divisions in all banks received a confidential communication from the Reserve Bank of India (RBI) to be present at the headquarters.8 November Morning- They were given charge of a double-locked currency chest, which they were told contained currency notes of the new denomination: Rs.2,000.Though it also had the RS 500 new notes, but it wasn’t disclosed.8 November 7 PM- All MDs of banks were called for a meeting at RBI and were kept waited till 8PM. At PMO, all cabinet ministers were called for a meeting, but no one was allowed to carry mobile.Privacy was of top most priority. Even leak of the news by a few minutes could have caused disaster.8 November 8 PM- Disclosure of demonetization by PM on National TV.The entire nation came to know about it at the exact same time.A master stroke that left the nation spellbound !But the question to ponder is - Did Mr. Rajan leave the office, because he wasn’t in full support of the plan ?Here is what he had to say on demonetization in 2014: Ref“I am not quite sure if what you meant is demonetise the old notes and introduce new notes instead. In the past demonetization has been thought off as a way of getting black money out of circulation. Because people then have to come and say "how do I have this ten crores in cash sitting in my safe" and they have to explain where they got the money from. It is often cited as a solution. Unfortunately, my sense is the clever find ways around it.They find ways to divide up their hoard in to many smaller pieces. You do find that people who haven't thought of a way to convert black to white, throw it into the Hundi in some temples. I think there are ways around demonetization. It is not that easy to flush out the black money. Of course, a fair amount may be in the form of gold, therefore even harder to catch. I would focus more on the incentives to generate and retain black money. A lot of the incentives are on taxes.My sense is the current tax rate in this country is for the most part reasonable. We have a reasonable tax regime, for example, the maximum tax rate on high-incomes is 33%, in the US it is already 39% plus State taxes, etc., it takes it to near 50. We are actually lower than many industrial countries. Given that, there is no reason why everybody who should pay taxes is not paying taxes. I would focus more on tracking data and better tax administration to get at where money is not being declared. I think it is very hard in this modern economy to hide your money that easily.”Source - LivemintHuffingtonpostBusiness StandardEdit1: The new 2000 currency note was initially printed at Mysuru Mint. Thank you User-12623941048551877892 for pointing this out. ReferenceEdit2: Those who are cursing the government for demand supply mismatch of notes should read below possible reasons.a) Had Mr. Rajan had continued as governor, the scenario could have been different. More 2000 notes could have been printed due to availability of time.b) Only one printing press (Mysuru) was used to print the new notes initially. So it limited the printing capability and increased the distribution duration to all banks across the country.c) Only availability of 100 rupee notes decreased ATM's capability in terms of value.d) Change in dimensions of the currency note increased ATM up-gradation time both in terms of software and hardware.e) The no of ATMs for withdrawal got reduced as CDMs couldn't be used for withdrawal. Otherwise people would get same old currency deposited by some other person.Details on SPMCILThank you everyone for the Upvotes. This is not so a customary ‘thank you’ note, but it means a lot to me in keep going. This was my 2nd answer on Quora and 1st answer to receive 1000+ Upvotes that too within two days. :)PS: I’m politically neutral and don’t have any strong support for any of the political parties. But whenever I come across some exceptional steps by them( may be by BJP or Congress or AAP), I criticize or appreciate. The scenario is not ideal always and as per a report 61% of all projects fail to succeed (delivered on time, on budget, and with required features and functions) 43% are challenged (late, over budget, and/or with fewer than the required features and functions) 18% fail (either cancelled prior to completion or delivered and never used). So let’s appreciate this man for the huge step taken.
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How do you spend your free time when on a submarine?
As the other replies show, free time on a sub is a rare commodity, especially when you’re at sea. Even before you report on board your first sub as a non non-qualified crew member (a nub, a free air breathing, sanitary tank filling, delinquent puke), you’ve spent the prior 15 months or so going through nuclear power training, sub school, and, plus for enlisted crew members all the various schools for your specialty rating.The sub crew and the Navy want you to get to work and contribute. Your first and most important job is to get started on your watch station and submarine qualifications. When you’re not on watch under instruction, doing admin and record paperwork, studying and practicing for your qualifications, observing maintenance, attending continuing training, engineering and ship’s casualty drills, etc., you just don’t have that much free time at sea on in port. You do have a bit more free time in port since there are no, round the clock watches, only the duty watch. At sea, free time, when you have some, is when you sleep. You may be able to squeeze in a movie (flick) or a game of cards here and there.It can take 1–1/2 to 2 years complete your qualifications, including the coveted dolphins that tells the rest of the world you are qualified in subs. For an officer, being submarine warfare qualified is a major career step. If you don’t earn it, it is a career killer. This is also true for the enlisted crew members, if you want to stay in subs. The process is grueling and requires detailed knowledge of just about everything to do with the sub you are on. This is necessary as each person literally holds the lives of their shipmates in their hands. You have to know how to respond and what your responsibilities are to save your sub and each others lives in an emergency.Even after you have completed your on board qualifications, there is no rest from learning and qualification, plus greater responsibilities are placed on you. Some are in the form of collateral duties. Some are for readying yourself for career advancement. For a nuclear sub officer, that means qualifying as an Engineering Officer (Prospective Nuclear Engineering Officer school with exams, interviews at headquarters (NAVSEA-08) that all have to be passed to be qualified for your next career step). If you make a career of it, there is much more of this ahead of you, and much greater responsibility every step of the way, and it’s not for everyone.
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How do I become a GST practitioner?
In the GST regime, it is mandatory that before start helping one’s clients, one needs to register oneself as a GST Practitioner. In the present perspective, the process of GST migration has been in its full swing.There are numbers of businesses which are still oblivious regarding the appropriate procedure required for filing GST Returns and uploading invoices online. So they strictly require to contact/appoint an experienced, affordable and credible professional who can help them to deal with the new GST terms effectively.Sec. 48 of the CGST Act clearly mentions about the Conditions, Eligib...
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How do companies use UiPath Studio for Robotic Process automation?
Robotic Process Automation or RPA is a presentation layer automation software technology to automate manually performed workflow tasks that are rule-based, repeatable, time-consuming and of high volume in nature. RPA is automation of human interactions with computerized processes hence reducing the time taken to complete the processes, increasing the productivity and reducing the costs. Due to these features, RPA finds its applications in a wide variety of industries.If you wish to learn further about RPA, I suggest you go through this interesting video on What is RPA?UiPath is one of the leading RPA tools in the market right now. According to the trends and research, it is one of the leading technologies with respect to offerings and strategy. This is the reason why UiPath is in high demand in the industry.Now let’s have a look at some of the industries where UiPath RPA tool can be used for Automation and how-Accounting: UiPath can be used in general accounting, transactional accounting, reporting and budgeting purposesSupply Chain Management: UiPath can be used in supply chain management for automation of order processing, procurement, inventory management, invoice processing and shipment trackingHuman Resource Administration: UiPath can be implemented in Human Resource processes of onboarding and offboarding, timesheet management and updating employee detailsFinancial Services: Automation in financial services using UiPath RPA involves the automation of account opening and closing, claims processing, foreign exchange payments and managing audit requestsCustomer Services: Customer experience can be enhanced by implementing UiPath RPA techniques for automation of contact center tasks such as uploading scanned documents, verifying e-signatures, verification for automatic approval and rejection and so onHealthcare: UiPath can be used in healthcare for automating handling of patient records, claims, accounts, payments, reporting and analysisYou can go through these interesting articles if you want to learn more about UiPath or RPA in general:What is RPA? | Learn to Automate Tasks in RPA | Introduction to UiPathHope this helps,Happy Learning!
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What are some things to look out for as possible issues when reviewing a property title in the Philippines aside from what is ev
The first step in ensuring a title is what it appears to be is to check for authenticity. A clean title is no good if it isn’t a genuine title in the first place. How do you make sure a title is real?Check the quality of paper used. The forms used in property titles are exclusively printed by the Banko Sentral ng Pilipinas. The judicial form uses a type of paper which contains various security features. The paper is made out of 50% cotton and 50% chemical wood pulp with colored fibers. If held up against a light, an LRA or Land Registration Association watermark should be visible through th...
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What are the main areas that one should learn during CA articleship?
I did my articleship from Khimji Kunverji and Co., one of the top firms in Mumbai; and it was an awesome experience. Let me shed some light on my learnings -Learn to say NO - Random seniors come and give you random work. Learn to say No. Learn to say you are busy. You are not a dustbin.Learn to say YES - You need to have a good rapport with your immediate seniors and your boss. I have filled my boss’s daughter’s BFM admission form because she needed some help. Sometimes, you have to keep your ego aside and look at the larger picture.Whether audit or tax is the one for you - You tend to spend 3 years in articleship, doing either audit or tax. It is good enough time to gauge whether you want to do this for your entire life or not. For me the answer was NO, and I switched to Finance. No point wasting time once you qualify.Domain Knowledge - In your first job interviews after becoming a CA, a lot of stress will be on what you did during these 3 years. You should be upto date with that. Get your basics right.Out time is a myth – As per my firm HR Manual, the official work time was roughly 10-30 to 6–30. Strangely, you used to be penalized for coming late, but no credit for going late. It’s the norm. Get used to it.Make Mistakes - Ask stupid questions. Make mistakes. Experiment. Because you have the license to. You are a fresher. As a CA, people expect more.Do not neglect your Social Life - Its important. Your boss will not come at 12 to your place with a cake in his hand, wishing you a happy birthday.I remember getting into a train during my 1st year articleship. I somehow started chatting with a guy standing near me. He was a CA. I told him I just cleared IPCC and started with articleship. He started laughing and said “Welcome to Hell”.With all the office and study pressure, you might feel life sucks during articleship, but it will be a great experience. You will create memories of a lifetime. Cherish it :)
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Is Brexit not a right decision? How can everyone claim it’s bad if Britain's democracy voted for it?
“People like Coldplay and voted for the Nazis. You can't trust people, Jeremy.”It’s a joke, of course, but it is a joke wrapped around a really uncomfortable truth.The problem is, people aren’t necessarily bad, or even, on average, “stupid” per se. But there are a plethora of reasons why they might be convinced to vote for things which are, objectively, awful, like a political party that intends to exterminate large numbers of its citizens.And if they can be convinced to vote for something as terrible as that, how much less would it take to convince them that leaving the EU is a good idea? Note: Not equating Nigel Farage with Hitler. Definitely not doing that.People think Ukip's new anti-EU poster resembles 'outright Nazi propaganda'Oops. Anyway, the reason it’s so easy to get people to vote the way cock-wombles like Farage, bumbling, racist, nincompoops like Boris Johnson, and six-toed, inbred, chinless fucking aliens like Jacob Rees-Mogg want them to, is that they can lie and lie well. They have developed a very particular set of skills, skills they have acquired over their ineffably long careers. Skills that make them a nightmare for democracy. The skills, my friend, of the Bullshit Artist.B-U-L-L-S-H-I-T, new word, A-R-T-I-S-T. Bullshit artist.Working men and women have been deceived by people like these for years, voting against their best interests. Getting them to vote for Brexit was a cinch!:“£350m to the NHS a week?! Come on, what…do you hate the NHS? Vote for Brexit and it’ll finally be funded properly!”“Don’t believe the people saying that we don’t send that much, NET, to the EU a week. Our numbers are right…look!…they’re on the side of a big red bus! Don’t believe all the people who say we’ve been fucking it over for the past 8 years, under-funding it and privatising it piecemeal for our pals’ enrichment. Don’t believe the people who say our NHS relies on EU nationals to function and that it might collapse if they all left. They’re just scaremongering! They’re traitors! If Brexit goes bad it’ll be because of those naysayers, talking down Britain!”So they lied, and people voted. And here we are. With our “right” decision:Why do turkeys vote for Christmas?
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