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THOUGHT OF THE DAY

“You can transform your world in an instant by the way you choose to see it…”

Law Updates:

Rajya Sabha approved a bill to amend the Companies Act with an aim of promoting ease of doing business. FM Arun Jaitley said that the law will be reviewed further by an expert committee to be set up shortly to see where the shoe still pinches.

The black money bill was passed by the Rajya Sabha on Wednesday. Christened the Undisclosed Foreign Income and Assets (Imposition of New Tax) Bill, 2015, it seeks to check the black money menace with stringent provisions for those stashing illegal wealth abroad. The Bill provides for separate taxation of any undisclosed income in relation to foreign income and assets. Such income will henceforth not be taxed under the Income-tax Act but under the stringent provisions of the new legislation.

Govt. has put in place appropriate regulatory mechanism to check illicit movement of money out of Country.

The pace of securitisation might be adversely affected in 2015-16 by the new priority sector lending (PSL) rules, according to ICRA. Banks would find it easier to meet PSL targets on their own. Certain loan categories such as medium enterprises, social infrastructure and renewable energy, qualify as PSL, according to the new rules.

Vide Notification ref Ref: IRDA/NL/CIR/ADV/105/05/2015 dated 13-05-2015, IRDA directs insurers to submit new Non-life insurance products in product filing (Non-life) Module

PROFESSIONALS INPUTS

Vide Consolidated FDI Policy Circular of 2015 ref D/o IPP F. No. 5(1)/2015-FC-1 dated 12th May, 2015, Government releases consolidated FDI policy; retains 51% FDI in multi-brand retail. This Circular will take effect from May 12, 2015.

Vide Circular ref CIR/MRD/DP/07/2015 dated May 13, 2015, issued by SEBI guidelines on Co-location / proximity hosting facility offered by stock exchanges have been issued.

MARKET WATCH:

SENSEX: 27175.57 -75.53 NIFTY: 8208.45 -27.00

SILVER: 39480.00 1116.00 GOLD (MCX): 27425.00 -103.00

USD/INR: 63.84 -0.18 CRUDE OIL: 3860.00 -49.00

CS Rajiv Bajaj

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Bajajr66@gmail.com

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Date: 14thMay, 2015

www.csrajivbajaj.com

Rashmi Sinha,

Indian-American entrepreneur , co-founder of

SlideShare

Rashmi Sinha is an Indian-American businesswoman and CEO of San Francisco-based technology company SlideShare. in 2008, Rashmi was named among the World’s Top 10 Women Influencers in Web 2.0 by Fast Company.

EARLY LIFE:

Rashmi Sinha is an Indian-American entrepreneur who is known as co-founder of SlideShare. She was born in India and completed her B.A. and M.A. in Psychology from Allahabad University. On completion, she attended Brown University from where she completed her PhD in Cognitive Neuropsychology.

CAREER PROFILE:

Rashmi grew up in India and earned a PhD in cognitive neuropsychology at Brown University. There, Rashmi took computer science courses with Andy van Dam, so she had some exposure to the HCI (human-computer interaction) way of thinking. She took a course in designing educational software. Rashmi Sinha went to University of California, Berkeley for a postdoc where she switched her focus to human-computer interaction. She then left academia to start her own user-experience consultancy. Deciding that she enjoyed practical problems more, she co-founded Uzanto, a user experience consulting company and worked on projects for companies like eBay, Blue Shield, AAA etc. Her first foray into products was with MindCanvas (a game-like software for customer research) released in November 2005. Simultaneously, Rashmi and her husband, with the help of her older brother Amit Ranjan, built SlideShare, a site for people to share presentations online, in just six months.Since its launch in 2006, more than 9 million presentations have been uploaded to SlideShare, helping professionals connect through content. LinkedIn acquired SlideShare for over $100 million. San Francisco-based technology company SlideShare is a Web 2.0 based slide hosting website where users can upload files privately as well as publicly in PDF, PowerPoint, or OpenOffice file formats; view slideshows at the site itself or embed on other sites; and comment, rate or share them with others. The company was founded on October 4, 2006 by an Indian-American businesswoman Rashmi Sinha and her husband Jonathan Boutelle. Since the inception, the website has been expanded considerably in fast rate and has became one of the largest slide hosting sites in the world. The website gets approximately 60 million unique visitors a month with over 16 million registered users that include Hewlett Packard, IBM, O’Reilly Media, The White House, NASA, State of Utah and the World Economic Forum. In 2010, SlideShare was called to be the World’s Top 10 tools for education & e-learning and co-founder Rashmi Sinha was enlisted among the world’s Top 10 Women Influencers in Web 2.0 by FastCompany. In May 2012, SlideShare was taken over by LinkedIn for reportedly $119 Million.

CONTRIBUTIONS:

Rashmi writes about social software and entrepreneurship at her blog –http://www.rashmisinha.com. She is involved in the HCI community, was one of the founding members of the Information Architecture Society, and co-chairs the monthly Bay CHI talk series. At SlideShare, she focuses on design, community and business. If you really want her attention, then post a comment on her slidespace!