Archive for the 'SCIENCE' Category

World Peace - Laughter Connection

Friday, March 5th, 2010
DECEMBER 4 is the World laughter day since last 4 yeras announced by a group of people for the world peace
and prosperity - being practiced in India - Maha Maya Ananta and Sri Sri Virat Sri- Sant Lal Chugh Foundation ,
New Delhi 110065   .
The laughter is best symbol of peace and properity in the Universe .
Only we the human beings have the Gods power to laugh who actually laughs through
and gets thrilled on his fun and entertainment .
The whole sky can eco with the collective laughing voices of all the human occeans. impacting
the entire Cosmos and warning any ET aliens if any that the planet earth is very powerful ,peaceful ,
united in one chorus which can shake the foundations of the galaxy .
This will also convey the wholeness of our planet oneness of all the religious systems .
Great laughter sends the message to the mind that every thing is fine every day .
Now you imagine millions of people laughing and dancing at the same time on 4th December in
small gatherings - all TV channels playing comedy soaps the whole day , Schools and colleges praying for
world peace - will send a message to the collective conscious of the Universal mind that every thing is perfectly
fine here on the planet earth .
Mind does not distinguish between reality and imagination .
So even if the laughter is artificial the collective universal mind will believe that truly every thing is fine .
This cumminication will bring more benevolence and supernatural Divine love
of God in every body’s heart creating long lasting peace and happiness with deep sense of security and
vibrational change in the mother earth’s total environment .
All beings in the universe will dance with joy , peace and love .
Large scale tele-conferences should be done , webinars , speeches by the leaders of all walks including Cine actors ,
Sports stars and Politicians  -
Sessions of jokes .
All mass media channels to run free advertisements .
This will help raise lot of charity from us the affluent in the society to be spent
on the needy in the underdeveloped world .to encourage education and healthcare ,
entrepreneurship , brotherhood with music love and dance .
Power of laughter is great and can make the Universe of humanity smile , laugh
and shed the toxins out of their bodies and get healed .
This is very important part of the conventional Indian yoga to heal and enhance energy
levels of the highets pure divine nature .
The day can easily carry real and subliminal messages of green earth ,eco friendly developements and
reduced global warming .
Who so ever chooses can do it daily for his own benefit .
Infact no one has dared to tax the breathing and the laughter .
We can continually keep providing content on  the subject of laughter from the ancient
Indian wisdom of the sages  .
Looking foward to your further inputs to carry on this mashaal of love
energy fire and occeanic peace and stillnes .
Best wishes ,
Prince Mohan - New Member of WPPS since yesterday .
God bless the awakening of the planet mother earth making every body
aware of him self  .
Prince Mohan
Bankers to the Universe

Golden Rays Sun

Tuesday, February 23rd, 2010
  The best connections with the light are obtained in the morning.  Therefore, do not shut out the morning light.  Work in the light, make decisions in the light, pass judgments in the light, grieve in the light, rejoice in the light.  Nothing is to be compared with the light wave.  Even the best electricity, even the bluest, yields eight thousand times less light than a ray of the sun. LOMG2 241.
JPC. 25/11/2007  

Golden Rays Sun

Tuesday, February 23rd, 2010
  The best connections with the light are obtained in the morning.  Therefore, do not shut out the morning light.  Work in the light, make decisions in the light, pass judgments in the light, grieve in the light, rejoice in the light.  Nothing is to be compared with the light wave.  Even the best electricity, even the bluest, yields eight thousand times less light than a ray of the sun. LOMG2 241.
JPC. 25/11/2007  

Sexual Abuse and Mind Control

Monday, February 15th, 2010

by Wes Penre, April 27, 2005

researched psychiatry long before I started researching the New World Order; before I even knew what the New World Order was. What came out of that research was mind-boggling. I thought that psychiatry, this so-called “science”, must be the most vicious practice on Earth. The history of psychiatry and the evil it has done to humanity is more than an average person can confront. Little did I know back then that psychiatry is one of the most important tools for the Illuminati when they research advanced mind control techniques. Most of the highest known illuminists are also psychiatrists.

Just recently, when I decided to write some articles on psychiatry, I accidentally stumbled upon the story of Wayne Morin Jr. I was searching through the “wayback machine“, where you can find websites that are no longer on the regular Internet. For you who don’t know, it is an archive of old websites that have been taken off the Internet for one reason or another. I figured that there must be at least a few good websites that were taken down due to threats from the forces they intended to expose, and I wanted to find those as they certainly must have had some good information.

That’s where I found the story of Wayne Morin Jr., written by himself. After had read it, I decided to use it as my first article on psychiatry.  Wayne’s case is so typical, just because he was never heard, never believed, and his website is no longer on the Internet, although it should be highlighted as one of the most important websites out there, if there would be any justice in this world.

Mind control. The controversy of what is and what is not mind control rages on among scholars in the schools of law, human rights and mental health. An accepted definition is: “psychological manipulation, thought reform and/or mind manipulation which results in a form of behavior modification.”

A close scrutiny by the media and public, of one of the biggest destructive “Murder Industry Cults” is “Murderers of the Mind: The Awful Truth About Psychology, Psychiatry, and the Mental “Health” Industry”, published by “Citizens Commission on Human Rights International”. It details an epidemic involving physical and psychological abuses, supplies and in-depth professional investigation and would provide the first steps in resolving the rash of problems that destructive cults, serial killers, sexual child abusers, thrust upon society. Citizens Commission on Human Rights International (or CCHR for short) is run by the Church of Scientology, whose doctrine I am not subscribing to, because the Church has their own reason and agenda on exposing psychiatry, but that fact does not nullify their extremely thorough investigation into the subject of psychiatry. Scientology’s research in this field is very accurate and backed up with evidence.

As consumers of national news media supplied information, we continued to accept half-truths, which, in this case scenario, is seeing and hearing only what results form mass mind manipulation. The Churches in America are the biggest power base for Mental Health Industry. Secret Knowledge equals power, with the result being control. 

After have researched the field of psychiatry pretty thoroughly, the following story rings very true. Let me share it with you.

When Wayne Morin Jr. wrote his article for the Internet, he had been locked up since 1987 in a mental hospital for calling in a fake bomb threat and leaving an egg timer in a grocery store.  He also called the grocery store and told them he placed the fake bomb and gave his name, home address and phone number. Wayne was at the time he wrote the article a devoted Christian and said he was facing daily persecution as a Christian and a political prisoner. He has been in many magazines, such as Media Bypass; Spotlight; Truth At Last; Cutting Edge Newsletter, and he has also done a number of radio talk shows.

His first admission at Napa State Hospital was when he was 12 years old, in 1971. He has had 115 admissions at Napa State Hospital (NSH) since that time, but all were civil commitments. He explains that his mother, brother, and sister have all sat around and used marijuana together with his psyche-tech on a weekend pass. While still accommodated at NSH, at the ages of 13-16, he was taken to his psyche-tech’s home in Fairfield, where he used marijuana and Dexedrine, all on weekend passes. There was another time at NSH when a psyche-tech “fell in love” with him and they had sex, and he was given Ritalin in injection form.

The Napa Sentinel, a local newspaper, has full knowledge of NSH past and up-to-date rampant sex abuses and drug use. There was a time in the 1980’s when most of all the psyche staff at NSH used marijuana and smoked it with the clients there, according to Wayne. This was during the height of “America’s Drug War”, and when a person could use drug (ab)use as a mental illness and furthermore get paid by SSI for being mentally ill, at $700.00 a month.

During Wayne’s 115 admissions as NSH he never had one single felony charge. His instant offense was committed in 1987, and he was sentenced only for three years. However, the State never wanted him released on “outpatient treatment”. Why was that? Wayne explains:

“Just look at their jobs being on the line, and how the psychiatric staff know that the statutes of limitations never run out on murders and rape, which have occurred in this hospital. Knowledge is Power, they know this, so by keeping me inside the fence they maintain their immunity from outside investigation. It is a known fact that mental health staff as NSH use Gestapo-type tactics and invent symptoms without evidence in order to delay the discharge of patients(1).These doctors

with Master’s degrees can also be negligent and accessories to murders and other crimes, who do whatever it takes to cover up both intentional and unintentional mistakes, as if, in the old lunatic days of torture and mysterious deaths in the state hospitals seem to be protected from the law. The same people on patient’s treatment team punish them for any disagreement, trying to defend themselves, and particularly frown on any complaint to Patient’s Rights, if not a reason for retaliation due to their power and illusion of perfection being challenged; in a sense they are playing God with people’s lives. Even if an individual staff member knows the claims against a patient are false they will side with their peers, acting as a fraternity of control, under the guise of hospital policy. This form of racket contradicts the entire concept of people with a diagnosed mental illness being treated and recovering for return to the community, especially for people as myself, who was drunk when committing a crime which was not that serious. Instead, we have psychiatrists and psychologists acting like prosecutors who in reality answer to nobody, and whose main remedy to alleged symptoms is to increase a patient’s medication, do anything about their situation, so they give up trying to fight.”

 Wayne is a political prisoner who should have been released to a group home years ago. He says he needs assistance from an organization to provide counsel and assistance for his legal release. He states that he has a lot of stories to tell about what is going on at NSH, and he would not hesitate taking a lie detector test. Not that he needs to, the evidence is overwhelming, and some of it is even in the mainstream media(2).

Anna Jennings was sexually abused when she was less than three years old. This was the first of several abuses that occurred over her lifetime, and put a confused, frightened child into a mental health system that neither recognized nor treated Anna’s real problem. Diagnosed “schizophrenic”.. she was institutionalized for more than 12 years from age 15 to 32. Although she attempted to communicate the “awful things” that had happened to her, there was no one to listen, understand or help her.

She took her life on October 24, 1992, on a back ward of a state mental hospital [which was in fact Napa State Hospital, editor’s note]. Please take some time and go to Anna’s Memorial Page and read about this young woman, whom Wayne met at Napa, but never got to know too well. He just remembers she was a very nice person: The Anna Foundation Organization.

Comments - Is it possible in today’s world .

The article is from the web site of  illuminati-news.com

David Icke - And the truth shall set you free

Thursday, January 7th, 2010
Dear David , I have started reading your book
“And the truth shall set you free” . This is a remarkably brilliant eye opening
book . Great appreciation for your work , please accept . We have interacted with some brotherhood societies
and always found them socially responsible and doing
noble projects with social objectives as priority . Yes of course they do assist the brotherhood members
to enhance their knowledge and social standing . However even if it was that the global elite or the illuminati
control the things in the world may not be questionable because
the world wide members may not know their agenda or plans . But if you see around you micro to macro families and organisations
you find that they are being controlled by some one . Every one however well place in the world he may be , is having some one
above him to be answerable to . May it be the individual or
government tax authorities . The world as a chain of things has to have some fountain heads
some where in the world in some form or the other . It is an old system in the new packaging . Alexander the Great , King Solomon , Genghes Khan , Chanakya in India had similar agenda as of the brotherhood networks . There is another point that these and many other imperialists
did contribute in bringing the world closer and make it a global village today
and create affluence in the society in many parts of the world . Colonialism was no more viable and it was difficult to manage the
countries physically with few foreigners in the light of growing
literacy which was created by the Colonial rulers only . They thought of a better way and that was to use them to create larger economies for them selves and others by freeing them from colonialism to self rule . Even if the money was lent and interest charged on the money which never existed and does not exist even today , what is the issue . They helped increase the exploitation of world’s resources and create
more and more employment , literacy , awareness and many other things . In the absence of the funny money which is also energy like the real money
there would have been more focuss on primitive wars to control other countries resources which they now try to control through economic
carots . Still the under developed areas are developing and getting modernised . Large number of companies world wide have come up because of their
banking of creating money out of thin air , Vnture capital funds , private equity and debt etc . They have created large number of educated professional work bees globally
instead of primitive work class . However Indian sages have always said that the spiritualism and materialism
should be equally balanced for true Karma Yoga . Enormous amounts wealth , money , power and resources are being continously added by them as per your version . What is the need for these beyond a point . Do they only like this instead of enjoying their lives with their families . What ever the Universal Laws they might have known in advance  they still are human beings with senses and emotions . Or their agenda is to capture another planet for their migration at some point or expand their resources through these planets to increase their wealth on the earth . Or they are still reporting directly to another civilisation or the fourth dimension . Do they have the knowledge that the earth may explode and they need to escape to some other place . If their knowledge of the universal laws is highly advanced then they know most of the things which others don’t . Our sages have known and talked about these things long ago even before these people had probably landed on the earth . These sages invented zero and the decimle for the mathematics of this world . Your idea there is awakening of the cosciouness today is great .
This can bring back the spiritual and material balance . With the many organisations promoting this globally is visible clearly . The internet is also full of this . With the reemergence of the female power it is becoming easier also . Please think isn’t this also doctored that so many people research about them and openly write against the global elite and illuminati under their nose . This is what may be suiting them to create fear and guilt in the world . This gives them more superiority and power over others with free publicity
world wide to their advantage even if their agenda is much less or nil . This also gives you lot of power to control minds of your fans through the
author and reader relationship . Will the balance of spiritaulism and materialism work . Since the evolution good and evil have been existing together even during the best golden periods of Satyuga . I truly appreciate you again for bringing awareness and such a powerful piece of work full of information and knowledge . Best wishes for your ongoing work . www.currentnewsaffairs.com Tags - David Icke , Author , And the truth shall set you free , Book , World wide

iPhone Users Plagued by Software Problems

Saturday, July 12th, 2008
Published: July 12, 2008
SAN FRANCISCO — For many people on Friday, the iPhone was the iCan’t. Apple suffered extensive network gridlock Friday morning, as many of the six million users of the original iPhone tried to upgrade to new software while the first buyers of the new iPhone 3G were trying to activate their purchases. The setback was a classic example of the problems that can follow when complex systems have single points of failure. In this case, the company appeared to almost invite the problems by having both existing and new iPhone owners try to get through to its systems at the same time. “There are certainly lessons in preparedness,” said Richard Doherty, a consumer electronics industry consultant who is president of the Envisioneering Group in Seaford, N.Y. He compared the day with Christmas morning, “the acid test for many years” for electronics companies because customers contact them in droves after opening presents and trying to get gadgets to work. The problems led to slow-moving lines of would-be iPhone 3G purchasers at Apple and AT&T stores, while current iPhone users found that their phones had stopped working when they tried to upgrade them to the latest software. The iPhone must connect to Apple servers through the iTunes program for authentication before it will function again after a software upgrade. Apple did not comment publicly on the problems, but privately executives acknowledged the missteps and said the combination of the software upgrades and new iPhone 3G owners trying to complete their activation swamped the company’s servers. At Apple and AT&T stores on Friday morning, employees began telling buyers to take their new iPhones home and activate them there. A year ago, when the original iPhone went on sale, customers performed the activation at home. But Apple and its cellphone partners changed the process this time, in part because the carriers are partially subsidizing the cost of the phones, so they are eager to make sure that phone buyers are locked into a contract. Many of the original iPhones were bought in the United States and then taken overseas for use on foreign carriers. A number of industry executives have said that the change in policy was intended to reduce the number of phones that were bought and then modified for use on unauthorized cellular networks. Early indications were that the company was facing strong demand for the new phones. In many cases the customers were existing iPhone users looking to upgrade to the iPhone 3G model. Apple’s stores opened at 8 a.m. At the store in downtown San Francisco at 11:30 a.m., there was still a line of more than 300 customers stretching down one block and around the corner waiting for iPhones. Some customers said they had hired placeholders to stand overnight in line. Mark Siegel, a spokesman for AT&T, Apple’s cellular partner in the United States, said the company had experienced extraordinary demand and that most of its stores nationwide were sold out of the iPhone during the day. He said he had heard reports that some customers were already camped out in front of stores waiting for the next shipment of iPhones on Saturday, but he could not identify a particular store. Mr. Siegel said the rush of customers and upgrades had overwhelmed Apple’s servers, and that he sympathized with the company’s predicament. “Apparently the iTunes system has just been overwhelmed by demand and Apple is working very hard to get this fixed,” he said. He acknowledged that part of the problem was the new policy of requiring authorization in the stores. In a related issue, customers had problems with Apple’s switchover from its .Mac Web service to a new service called MobileMe that is intended to seamlessly share information between Macintosh computers and the iPhone. Apple’s stumble was an unusual one for a company that has taken pains in recent years to become more customer-oriented. The technology blog Gizmodo dubbed it the iPocalypse. When the original iPhone was introduced, AT&T took the blame for most of the early service problems. Sergio Martinez, an editor at Teak Motion Visuals in San Francisco, said in an e-mail message that he had run into trouble with the software upgrade. “Like everyone else across the world, I have had no luck upgrading,” he wrote. “Bill Gates must be enjoying this one.”
Laurie J. Flynn contributed reporting.

Regenerate tooth

Friday, April 4th, 2008
Dentist do not fill or drill the teeths but now a days they regenerates them. Earlier the same solution was there for cavities with the dentist. The material that make up the teeth will be remineralized in decayed tooth to restore the damage, without making it look like repair job. Teeth are made from minerals and are susceptible to erosion. Acids, like those produced by bacteria or synthetic soft drinks demineralize the enamel of the teeth. The body is constantly repairing small amounts of damage but when the defenses are overwhelmed, bacteria break through into the dentin below, the tooth decays. The trials are still on and it will be a few years before your dentist can regrow teeth. Till than there’s no escaping the drill on your damaged teeth, or just avoid those cavity causing foods and soft drinks. http://www.currentnewsaffairs.com http://blogs.mindbodynsoul.com

Robots to replace animals in toxic chemical tests

Friday, March 7th, 2008
No usage of animals will be there to test the safety of everyday chemicals. Substitute of animals like rats and mice will be now cell cultures and computer models, scientists will screen suspected toxic chemicals in everything from pesticides to household cleaners Safety of chemicals

More than 3.1 million experiments in the U.K. were carried out on animals in 2006. Of these more than 420,000 were done to test the safety of chemicals. More than 100 million animals are used annually in experiments in the U.S., of which 15 million are used in toxicity tests. Replacement of animals in the U.S., was recently declared in Boston, will see researchers from the national institute of health and the environmental protection agency develop robotic machines to screen the chemicals. Implications

They said if successful the robots could test a greater number of chemicals more quickly. This could have implications for the EU’s Reach legislation, which requires retesting all synthetic chemicals used in member countries. Critics are worried that the new rules will increase the number of animals used. The screening machines will be inspired by those developed for medical research, which can quickly test thousands of different molecules in a few days to see if any have potential as useful drugs. Chemical genomics

“We now are seeing tools newly available to us for chemical genomics research deployed for greater refinement, speed and capacity in chemical toxicity screening,” said Francis Collins, director of the national human genome research institute and author of a paper published recently in Science. Describing the proposed techniques, Catherine Willett, science policy adviser at Peta, said: “This is a significant change in the perspective of U.S. agencies, which have historically relied heavily on animal testing out of habit and have been resistant to change.” -   http://blogs.mindbodynsoul.com http://www.currentnewsaffairs.com

TIGER ROARS

Tuesday, May 1st, 2007
Anil Ambani CHAIRMAN  Reliance Communications Ltd., India’s second-largest mobile services firm on way to be Global number one , said on Monday quarterly profit more than doubled, beating forecasts, on higher usage in the world’s fastest-growing mobile market. Reliance Com , which gets more than 65 percent of its revenue from wireless subscribers, said it plans to spend over 100 billion rupees ($2.4 billion) in the current fiscal year that began on April 1 to expand its telecoms infrastructure. The firm, which had more than 28 million users at end-March, said net profit for the quarter grew 154 percent to 10.24 billion rupees, beating a Reuters survey of nine brokerages which forecast on average 9.02 billion. The company said it would take a decision in the next six months on “unlocking value” in its Reliance Telecom Infrastructure unit, and a potential listing of undersea cable unit Flag Telecom. “We have a number of options in front of us. Listing is one of those options,” Chairman Anil Ambani told reporters at a news conference. Strategic partnerships or private equity investment in these two units were also being considered, Ambani said. He added the firm would aim to sustain its expansion in operating margins, which grew to 40 percent in 2006/07 from 24 percent a year earlier. “We have seen margin expansion across the board … Our objective is for sustainability.” Revenue for the quarter rose almost 33 percent to 39.37 billion rupees, but fell short of market estimates of 40.86 billion. Larger rival Bharti Airtel Ltd. last week reported its quarterly profit almost doubled to 13.53 billion rupees. Ambani said the company would also decide in the next two months on outsourcing its network and information technology services to enhance the quality of service. “We are at a negotiating stage with all the global dealers,” he said, adding that the deal value would be “hundreds of millions of dollars.” India has 12 telecoms firms which offer fixed-line and mobile services on GSM and CDMA platforms. In February, Vodafone bought a controlling stake in unlisted Hutchison Essar, India’s fourth-largest cellular operator. “I don’t see Hutch going away and Vodafone coming in its shoes should not really make a very big impact on the telecoms sector,” Ambani said, when asked about how the company would tackle competition from Vodafone. Shares in Reliance Communications rose 3.7 percent to 477.10 rupees in a Mumbai market that closed 0.26 percent down. The shares fell 10.9 percent in the January-March quarter, pressured in part by a failed bid for Huchison Essar, compared with a 5.2 percent drop in the benchmark index. Source Reuters Universal News Suggestions Tiger WE love you and ask of you tokeep roaring loudly for BHARAT Prince Mohan http;//currentnewsaffairs.com  

ESOP Havoc In India Budget Proposal

Thursday, March 8th, 2007
The E`sob’story
March, 08th 2007
The incongruity of the tax basis arises largely from the fact that, unlike in any other country, India now seeks to tax the employer for a benefit/income which accrues to the employee, most of it without the employer having granted it or having any control over it.
      The recent proposal in the Budget for levying Fringe Benefit Tax (FBT) on employers Employees Stock Option Plans (ESOPs) is a complete reversal of the policy on the issue in place over the last 5-6 years. The current scheme exempts employees from taxation if they sell the scrips got in an ESOP plan within one year from exercise. The proposed amendment throws up issues of technical interpretations and the tax impact for the employer. Some of these may become clearer once the rules prescribing the Fair Market Value (FMV) for the purpose of valuing fringe benefits are notified. But till such time employers are saddled with a problem they never bargained for and will have to work out solutions to mitigate the unexpected problems. This article aims to briefly list out the harshness or multiple-wammy created by the introduction of this new provision. It also looks at the reasons which seem to be prompting the Finance Minister to introduce such changes and suggest some alternatives which may lead to a more rational way of taxation, should the Finance Minister wish to take away the concessional tax treatment granted to ESOPs. Key concerns   The key concerns from the employer’s perspective are: To start with, the employer suffers a hit to its Profit and Loss Account of the notional benefits to the employee at the time of the grant of the ESOP, equal to the discount in relation to the prevailing market value. While the P&L takes a hit, there is a question mark on the deductibility of such “expense” for the purposes of computing employer’s taxable income. On top of that, the employer is required to pay the FBT not only on the discount at the time of the grant but also in the appreciation of the value of shares in future (over which the employer has no control). To compound matters, such FBT paid by the employer is not tax-deductible and effectively equal to much higher post-tax expenditure. Further, as a lot of these employees who receive ESOPs may be mobile and render services in different tax jurisdictions between the grant and exercise of the stock option, they may end up having tax obligation abroad on some part of the benefits arising out of the ESOPs. While they may not themselves suffer double taxation, there would be an economic double taxation on account of the FBT paid by the employer not being creditable against the tax paid by the employee abroad. Lastly, foreign companies having presence in India by way of a branch/Permanent Establishment/ presence of employees may also end up having additional burden of tax by way of FBT on ESOPs, thereby substantially raising their effective tax in India. Interpretational issues   Apart from the above, quite a few interpretational issues are being debated in industrial/professi onal circles, andinclude: Will the FBT for employer be 33.99 per cent or a lower rate, based on valuation rules to be prescribed? What is the cost basis for employee for the purposes of determining capital gains when the options are sold at a later date? In fact, some quarters are also debating whether the proposed amendments will take away the obligation of the employees for payment of taxes on the stock option. Can the employer contractually/ tax-efficiently recover the FBT from the employee? Leaving aside the interpretation issues for the moment, it is suggested that, at a conceptual level, if the benefits of stock options are to be taxable, the levy must fall on the person deriving the benefit. Even where the benefit is sought to be taxed in the hands of the giver, it should be limited to the extent of the benefit granted and not beyond that. Such a scheme of taxation should also provide for matching deduction and credits so that economic double/multiple taxation is avoided. Unless such equity is bought about in the taxation, the concept of stock option may have a premature demise.               Suggested changes   In the light of the above, conceptually, the following changes should be considered by the Government in the scheme of stock option taxation: The FBT on the employer, if at all, should be limited to the discount to the market value on the date of the grant, as is required to be debited in the books of accounts under the accounting standards/guideline s applicable. Correspondingly, such expenditure should be clearly allowable as a deduction against the taxable income of the employer. Any forfeiture of such options resulting in disentitlement for the employee and reversal of such benefits should culminate in a corresponding deduction in the FBT obligations in future. The benefit to the employee in the appreciation of the share price over the exercise price may, if at all, be taxed in the hands of the employee at the time of the exercise. However, ideally, as the employee does not realise any gain at that stage, there should be no taxation then, but only post ultimate sale of shares. When such profit, which is in the nature of capital gains, accrues, it should be treated just like capital gains on shares, as applicable to any other investor. Given the importance of stock options to the growing economy of India, which is competing to reward its human resource, the industry should make a strong representation to the Finance Minister to withdraw the proposed amendments or to introduce a grand-father clause which seeks to apply the changes in law only prospectively. Nikhil Bhatia
(The author is Partner, BSR & Co, Mumbai.) Observations Nikhil Bhatia has rightly said Given the importance of stock options to the growing economy of India, which is competing to reward its human resource, the industry should make a strong representation to the Finance Minister to withdraw the proposed amendments or to introduce a grand-father clause which seeks to apply the changes in law only prospectively. Industry must protect the interests of the new generastion as the ESOPs are by and large given in the high tech areas of business . I f these are not protected there is a possibilty of more talent migrating from India to those countries where such taxes are not imposed . The August body of Parliament must DISAAPROVE this proposal of the Honourable FM to allow the wealth creation by those who help companies create intellectual and physical properties which are the present and future wealth of our nation . EVERYONE must read INDIA DEBATES-WHY SHOULD INDIA NOT GET THE PATENT OF “ARYABHATS” “ZERO   at http://blogs.mindbodynsoul.com/wp-admin/edit.php?paged=4 If you can’t support the R & D at least donot disturb whatever is going on . Be Blessed Her Holiness Maha Maya Ananta http://www.mindbodynsoul.com