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Showing posts from May, 2017

Rs 3 lakh fine if you make cash payment of Rs 3 lakh or more

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The government in month of march  proposed to lower the cash transaction limit to Rs 2 lakh, from Rs 3 lakh announced in the Budget, as it introduced 40 amendments to the Finance Bill in an unprecedented move. As the Finance Bill was taken up for consideration in the Lok Sabha, the opposition parties protested against the introduction of these many amendments, saying it was being done as a "back-door entry". Lok Sabha Speaker Sumitra Mahajan, however, overruled the objections raised by the opposition parties, saying the incidental provisions involved in the amendments constitute a Money Bill and therefore can be considered as part of the Finance Bill. The proposed amendments to the Finance Bill include a provision to cap legal cash transactions at Rs 2 lakh. While presenting the Budget on 1 February  Finance Minister Arun Jaitley had proposed to make any cash transaction beyond Rs 3 lakh as illegal with effect from April this year. A penalty of equal amount would be levie...

INVENTION THAT CHANGED OUR LIFE

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HELLO FRIENDS,WELCOME TO INSTATECH4U,        In this modern era,The invention of innovative and scientific instuments,machines,Medicines changed our lives and creates greater impact on human life.So lets know some very important invention which changed the lives of human beings. X-RAYS : In the year 1895,the physicist wilhelm Roentgen discovered X-rays,the word "X" signifying their then origin.He later found that the rays could pass through muscles or flesh and by using the photographic plates, it could make images of bones inside the body. He firstly test their experiments on his wife's hand in the month of december 1895 and is the oldest surviving X-rays image of a part of a human body.     PENICILILLIN : Alexendar fleming discovered the first antibiotic in 1928.by the mid 1940s,work in the US & UK led to the first penicillin reaching patients.   DNA DOUBLE HELIX : The reconstruction of first ever model of the DNA molecul...