All of us are prone to negative thinking. But we don’t realize that negative thinking can affect us in more ways than one. Mr. Akhilesh Jain from Ken Consulting writes about the pitfalls of negative thinking.
We have all been told about everything being in the mind. But how exactly do we do it? Well, David J Schwartz in his book ‘The Magic of Thinking Big’ offers insightful thoughts and useful practical tips to help us think big.
The Budget was presented by the Union Government of India on the 6th of July 2009 and as usual, there were mixed reactions to it. Here is a peek at some of the important Budget highlights put together by Mr. Ashok Kumar G of Ken Consulting.
Budget 2009 – Top10 Highlights:
Removal of Fringe Benefit Tax
Removal of Commodities Transaction Tax
Increase in the IT Slabs for individuals & removal of surcharge
Increase in MAT from 10 to 15%
Relief from payment of advance taxes to the small entrepreneurs
Legal consultancy services under service tax net
Reduced customs duty on bulk drugs
Reduced excise duty on vehicle engines under 2000CC
Increase in customs duty on Gold & Silver imported
Unique Identification ID project to roll out in 12-18 months
Industry wise Impact – with key Benefits & Burdens:
Individuals / Employees:
Increase in the basic exemption limit of Rs.10000/- for individuals and women assesses & Rs.15000/- for senior citizens reduce the tax burden by only of Rs.1000 & Rs.1500/- for senior citizens per annum.
Removal of Fringe Benefit Tax which will resolve the problems for the companies to look back into their salary components and revamp which shall be beneficial to the employees.
Reduction of additional tax liability for surcharge of 10% for the individuals will reduce the tax liability from 33.66% to 30.66% for individuals.
Additional deductions under section 80DD of Rs.25000/- i.e. from Rs.75000/- to Rs.100000/-.
Deduction under section 80E extended to cover the fields of study, including vocational studies pursued after completion of schooling.
Increased gold and silver rates from the increase in the customs duty.
Cheaper Drugs for heart diseases due to reduction in customs duty.
SME Sector:
Addition burden of 5% taxes for the companies falling under Minimum Alternative Tax (MAT) provisions.
Extension of Tax holiday by one more year for STPI Units
Relief from payment of advance taxes to the small entrepreneurs falling under the presumptive taxation.
Agriculture &Rural Development:
Fertilizer subsidy to go directly to the farmers.
Additional incentives by 1% to those farmers who repay short term crop loans on schedule.
Allocation under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) Allocation for housing and provision of basic amenities to urban poor with new scheme Rajiv Awas Yojana (RAY)
Debt relief to farmers having more than two hectares of land to pay 75 per cent of their over dues under Debt Waiver and Debt Relief Scheme extended from 30th June, 2009 to 31st December, 2009.
Infrastructure Development:
National Highways Authority of India (NHAI) allocation up by 23 per cent
Hike infrastructure investment to over 9% of GDP by 2014
IIFCL to evolve a Takeout financing scheme in consultation with banks to facilitate incremental lending to infrastructure sector.
IIFCL to refinance 60 per cent of commercial bank loans for PPP projects in critical sectors over the next 15 – 18 %.
IIFCL and Banks are now in a position to support projects involving total investment of Rs.1 lakh crore.
Power & Gas:
Increase in the Allocation of funds by 160% under Accelerated Power Development and Reform Programme(APDRP)
Blueprint to be developed for long distance gas pipelines leading to a National Gas Grid to facilitate transportation of gas across the length and breadth of the country.
Other Sectors:
Additional service tax burden of for Legal Consultancy Services, except services provided by an individual or to an individual.
Alternative dispute resolution mechanism on Transfer pricing for nonresident companies.
Taxation Updates:
Direct Taxes:
Removal of Fringe Benefit Tax
Removal of additional Surcharge of 10% on personal income tax
Removal Commodities Transaction Tax (CTT).
New Pension Systems (NPS) Trusts to be exempt from Securities Transaction Tax.
Increase of Minimum Alternate Tax (MAT) from 10% TO 15 % of book profit & extension of carry forward of tax amounts from 7 years to 10 years.
To create Alternate Tax disputes resolution mechanism for foreign companies to resolve the Transfer Pricing Disputes (CBDT).
Sunset Clauses 10A & 10B Extended to one more year
Investment based tax incentives schemes for setting up and operating ‘cold chain, warehouse facilities for storing agricultural produce & laying and operating cross country natural gas/crude/petroleum oil pipeline network for distribution on common carrier principle, allowance of capital expenditure on land goodwill and financial instruments as deduction.
100% deduction on donation to electoral trusts in the computation of the income of the donor.
Extension of Sec 80E Deduction to cover the fields of study, including vocational studies pursued after completion of schooling.
Small businesses opting for the presumptive taxation under sec 44 AC, AD AE can declare their income at the rate of 8 % of their turnover and enjoy exemption in compliance burden from maintaining books of accounts exempt from advance tax payments.
Tax holiday under section 80IB (9) on mineral oils extended to natural gas
Saral-II forms to simplify taxation process
Unique Identification ID project to roll out in 12-18 months
Unique Identification ID project to tap private talent
Indirect Taxes
A. Service Tax
New Services under the Service Tax Net:
Transportation of goods through Railways, including government railways.
Transport of coastal goods, and transport through inland waters.
Legal Consultancy Services, except services provided by an individual or to an individual.
Cosmetic Surgery & Plastic Surgery.
Certain services have been modified:
The definition of job work, under business auxiliary services has been amended to exclude only those manufacture activity which result in manufacture of excisable goods.
Sub brokers have been exempted from payment of service tax.
Revision provision in Service Tax has been repealed.
Transportation of passengers through contract carriage permit has been exempted.
Further the service tax paid on refund shall be refunded through self certification or CA certification.
B. Customs Duties:
Customs duty of 5% to be imposed on Set Top Box for television broadcasting.
Customs duty on LCD Panels for manufacture of LCD televisions to be reduced from 10% to 5%.
Full exemption from 4% special CVD on parts for manufacture of mobile phones and accessories to be reintroduced for one year.
Specified raw materials and equipments imported by manufacturer-exporters of leather goods, textile products and footwear industry which are fully exempt from customs duty.
Customs duty on unworked corals to be reduced from 5% to Nil.
Customs duty on life saving drugs/vaccine and their bulk drugs to be reduced from 10% to 5%.
Customs duty on bio-diesel to be reduced from 7.5% to 2.5%.
Customs duty on Gold
Serially numbered bars & coins - increased from Rs.100 per 10 gram to Rs.200 per 10 gram.
Other forms - increased from Rs.250 per 10 gram to Rs.500 per 10gram.
Customs duty on silver to be increased from Rs.500 per Kg. to Rs.1000 per Kg. Note: These increases also to be applicable when gold and silver (including ornaments) are imported as personal baggage.
Customs duty on cotton waste to be reduced from 15% to 10%.
Customs duty on wool waste to be reduced from 15% to 10%.
C. Excise Duty:
Excise duty rate on items currently attracting 4% to be raised to 8% with following major exceptions:
Specified food items including biscuits, sharbats, cakes and pastries
Drugs and pharmaceutical products falling under Chapter 30
Medical equipment
Certain varieties of paper, paperboard and articles thereof
Paraxylene
Power driven pumps for handling water
Footwear of RSP exceeding Rs.250 but not exceeding Rs.750 per pair
Pressure cookers
Vacuum and gas filled bulbs of RSP not exceeding Rs.20 per bulb
Compact Fluorescent Lamps
Cars for physically handicapped
Specific component of excise duty applicable to large cars/utility vehicles of engine capacity 2000 cc and above to be reduced from Rs. 20,000/- per vehicle to Rs.15,000 per vehicle.
Excise duty on petrol driven trucks/lorries to be reduced from 20% to 8%.
Duty paid High Speed Diesel blended with upto 20% bio-diesel to be fully exempted
General Features
10 Deadly Sins of Negative Thinking
All of us are prone to negative thinking. But we don’t realize that negative thinking can affect us in more ways than one. Mr. Akhilesh Jain from Ken Consulting writes about the pitfalls of negative thinking.
The way to overcome negative thoughts and destructive emotions is to develop opposing, positive emotions that are stronger and more powerful. - Dalai Lama
Life could be so much better for many people, if they would just spot their negative thinking habits and replace them with positive ones.
Negative thinking, in all its many-splendored forms, has a way of creeping into conversations and our thinking without our noticing them. The key to success, in my humble opinion, is learning to spot these thoughts and squash them like little bugs. Then replace them with positive ones. You'll notice a huge difference in everything you do.
Let's take a look at 10 common ways that negative thinking emerges. Get good at spotting these patterns, and practice replacing them with positive thinking patterns. It has made all the difference in the world for me.
1. I will be happy once I have _____ (or once I earn X).
Problem: If you think you can't be happy until you reach a certain point, or until you reach a certain income, or have a certain type of house or car or computer setup, you'll never be happy. That elusive goal is always just out of reach. Once we reach those goals, we are not satisfied we want more.
Solution: Learn to be happy with what you have, where you are, and who you are, right at this moment. Happiness doesn't have to be some state that we want to get to eventually, it can be found right now. Learn to count your blessings, and see the positive in your situation. This might sound simplistic, but it works.
2. I wish I were as ____ (a celebrity, friend, co-worker).
Problem: We'll never be as pretty, as talented, as rich, as sculpted, as cool, as everyone else. There will always be someone better, if you look hard enough. Therefore, if we compare ourselves to others like this, we will always pale, and will always fail, and will always feel bad about ourselves. This is no way to be happy.
Solution: Stop comparing yourself to others, and look instead at yourself -- what are your strengths, your accomplishments, your successes, however small? What do you love about yourself? Learn to love who you are, right now, not who you want to become. There is good in each of us, love in each of us, and a wonderful human spirit in every one of us.
3. Seeing others becoming successful makes me jealous and resentful.
Problem: First, this assumes that only a small number of people can be successful. In truth, many, many people can be successful in different ways.
Solution: Learn to admire the success of others, and learn from it, and be happy for them, by empathizing with them and understanding what it must be like to be them. And then turn away from them, and look at yourself, you can be successful too, in whatever you choose to do. And even more, you already are successful. Look not at those above you in the social ladder, but those below you there are always millions of people worse off than you, people who couldn't even read this article or afford a computer. In that light, you are a huge success.
4. I am a miserable failure -- I can't seem to do anything right.
Problem: Everyone is a failure, if you look at it in certain ways. Everyone has failed, many times, at different things. I have certainly failed so many times I cannot count them and I continue to fail, daily. However, looking at your failures as failures only makes you feel bad about yourself. By thinking in this way, we will have a negative self-image and never move on from here.
Solution: See your successes and ignore your failures. Look back on your life, in the last month, or year, or 5 years. And try to remember your successes. If you have trouble with this, start documenting them. Keep a success journal, either in a notebook or online. Document your success each day, or each week. When you look back at what you've accomplished, over a year, you will be amazed. It's an incredibly positive feeling.
5. I'm going to beat so-and-so no matter what I'm better than him. And there's no way I'll help him succeed, he might beat me.
Problem: Competitiveness assumes that there is a small amount of gold to be had, and I need to get it before he does. It makes us into greedy, back-stabbing, hurtful people. We try to claw our way over people to get to success, because of our competitive feelings. For example, if a blogger wants to have more subscribers than another blogger, he may never link to or mention that other blogger. However, who is to say that my subscribers can't also be yours? People can read and subscribe to more than one blog.
Solution: Learn to see success as something that can be shared, and learn that if we help each other out, we can each have a better chance to be successful. Two people working towards a common goal are better than two people trying to beat each other up to get to that goal. There is more than enough success to go around. Learn to think in terms of abundance rather than scarcity.
6. Dammit! Why do these bad things always happen to me?
Problem: Bad things happen to everybody. If we dwell on them, they will frustrate us and bring us down.
Solution: See bad things as a part of the ebb and flow of life. Suffering is a part of the human condition but it passes. All pain goes away, eventually. Meanwhile, don't let it hold you back. Don't dwell on bad things, but look forward towards something good in your future. And learn to take the bad things in stride, and learn from them. Bad things are actually opportunities to grow and learn and get stronger, in disguise.
7. You can't do anything right! Why can't you be like ____ ?
Problem: This can be said to your child or your subordinate or your sibling. The problem? Comparing two people, first of all, is always a fallacy. People are different, with different ways of doing things, different strengths and weaknesses, different human characteristics. If we were all the same, we'd be robots. Second, saying negative things like this to another person never helps the situation. It might make you feel better, and more powerful, but in truth, it hurts your relationship, it will actually make you feel negative, and it will certainly make the other person feel negative and more likely to continue negative behavior.
Solution: Take the mistakes or bad behavior of others as an opportunity to teach. Show them how to do something. Second, praise them for their positive behavior, and encourage their success. Last, and most important, love them for who they are, and celebrate their differences.
8. Your work endures. It's super lame. You are a moron and I hope you never reproduce.
Problem: I've actually got this comment before. It feels wonderful. However, let's look at it not from the perspective of the person receiving this kind of comment but from the perspective of the person giving it. How does saying something negative like this help you? I guess it might feel good to vent if you feel like your time has been wasted. But really, how much of your time has been wasted? A few minutes? And whose fault is that? The blogger’s or yours? In truth, making negative comments just keeps you in a negative mindset. It's also not a good way to make friends.
Solution: Learn to offer constructive solutions, first of all. Instead of telling someone their blog endure, or that a post is lame, offer some specific suggestions for improvement. Help them get better. If you are going to take the time to make a comment, make it worth your time. Second, learn to interact with people in a more positive way it makes others feel good and it makes you feel better about yourself. And you can make some great friends this way. That's a good thing.
9. Insulting People Back
Problem: If someone insults you or angers you in some way, insulting them back and continuing your anger only transfers their problem to you. This person was probably having a bad day (or a bad year) and took it out on you for some reason. If you reciprocate, you are now having a bad day too. His problem has become yours. Not only that, but the cycle of insults can get worse and worse until it results in violence or other negative consequences for both of you.
Solution: Let the insults or negative comments of others slide off you like Teflon. Don't let their problem become yours. In fact, try to understand their problem more -- why would someone say something like that? What problems are they going through? Having a little empathy for someone not only makes you understand, that their comment is not about you, but it can make you feel and act in a positive manner towards them and make you feel better about yourself in the process.
10. I don't think I can do this I don't have enough discipline. Maybe some other time.
Problem: If you don't think you can do something, you probably won't. Especially for the big stuff. Discipline has nothing to do with it motivation and focus has everything to do with it. And if you put stuff off for “some other time”, you'll never get it done. Negative thinking like this inhibits us from accomplishing anything.
Solution: Turn your thinking around: you can do this! You don't need discipline. Find ways to make yourself a success at your goal. If you fail, learn from your mistakes, and try again. Instead of putting a goal off for later, start now. And focus on one goal at a time, putting all of your energy into it, and getting as much help from others as you can. You can really move mountains if you start with positive thinking.
We have all been told about everything being in the mind and on the importance of thinking big in order to achieve big things. But how exactly do we do it? Well, David J Schwartz in his book ‘The magic of Thinking Big’ offers insightful thoughts and useful practical tips to help us think big.
Prestigious job, power and influence, fulfilling relationships, higher income, financial security….well,
these are things most of us crave for. But not many of us have the will to ensure that we achieve them. It is so easy to blame it on destiny or external factors when we don’t get them. But reading this book makes you realize that it is in our hands to a large extent to achieve whatever we want simply by reorienting our thinking.
The author gives a step by step approach to magnifying our thinking patterns in order to tap the secrets of success. He begins with the age old biblical maxim that faith can move mountains and gives examples of people who have fought against all odds by believing in their own conviction and achieving what they wanted. The crux of it is that strong belief triggers the mind to figure out ways and means of achieving it. The author goes on to say how we can substitute failure thinking with positive thinking.
And if ever you find yourself giving excuses for not achieving whatever you wanted, you must read this book. It will instantly cure you of the “excuse giving” disease. And the author does have a point. Many people who have achieved great things could have hidden behind what were their apparent disadvantages and not done anything. But they instead chose to go beyond them. Almost all of us have our stock of excuses – health, age (too young or too old), family circumstances, lack of relevant education etc. And according to the author once we give ourselves excuses, we stick to them for life. The trick is to get out of the excuse giving habit. He also makes a point when he says if we want to find excuses like health, then almost everyone can find it since there might be something wrong with everyone.
Fear and lack of confidence are other common reasons that prevent people from doing what they want and achieving what they want. The author offers tips to help us overcome our fears. He says the first step is to face the fear and not wishing it away. After all we have all been told how illogical our fears are. Yet have we managed to conquer them? According to the author, action is the only way to overcome fear. He gives the example of non-swimming trainees in the navy being pushed into water. Just do it and get over the fear, is the prescription he offers.
Creative thinking also comes up for scrutiny by the author who says that finding a solution to simple practical needs is actually creative thinking and that we can all achieve success by learning to think and dream creatively.
One of the most important thoughts the author offers in the book is that we are what we think we are. That is, if we are to achieve success, or if we are to be the kind of person who can achieve success then it’s important for us to believe and think we are achievers. He also offers some suggestions on how we can think like a leader. One suggestion is to empathize and put ourselves in others’ shoes. In fact, if we look at people around us who we look up to, this is actually true. People who command respect are those who can put themselves in others’ minds.
And there is a lot more that you can chew on if you read this book. Self help books have a way of making us feel, “this is not for me”, or “what’s the use of it” etc. But some of them do offer value. This one does, at least by reminding us about and reiterating what we subconsciously know but often do not follow. Read it if you can.
Sometimes it takes very small, simple things to relive us from something big – like some simple breathing exercises.
The nose has a left and a right side; we use both to inhale and exhale. Actually they are different; you would be able to feel the difference. The right side represents the sun, left side represents the moon.
During a headache, try to close your right nose and use your left nose to breathe. In about 5 minutes, your headache will go?
If you feel tired, just reverse, close your left nose and breathe through your right nose. After a while, you will feel your mind is refreshed.
Right side belongs to 'hot', so it gets heated up easily, left side belongs to 'cold'. Most females breathe with their left noses, so they get "cooled off" faster. Most of the guys breathe with their right noses, they get worked up.
Do you notice the moment we wake up, which side breathes faster? Left or right ? If left is faster, you will feel tired. So, close your left nose and use your right nose for breathing, you will get refreshed quickly.
This can be taught to kids, but it is more effective when practiced by adults. Someone used to have bad headaches and was always visiting the doctor.
There was this period when he suffered headache literally every night, unable to study. He took painkillers, did not work. He decided to try out the breathing therapy here: closed his right nose and breathed through his left nose. In less than a week, his headaches were gone! He continued the exercise for one month.
This alternative natural therapy without medication is something that he has experienced. So, why not you give it a try?
The first Sunday of August is observed as Friendship Day throughout the world and as we get set to remember our special friend, there’s a sweet story about what friendship actually means.
In a third grade classroom, there is a nine-year-old kid sitting at his desk and all of a sudden, there is a puddle between his feet and the front of his pants is wet.
He thinks his heart is going to stop because he cannot possibly imagine how this has happened. It's never happened before, and he knows that when the boys find out he will never hear the end of it.
When the girls find out, they'll never speak to him again as long as he lives.
The boy believes his heart is going to stop; he puts his head down and prays this prayer, "Dear God, this is an emergency! I need help now! Five minutes from now I'm dead meat."
He looks up from his prayer and here comes to the teacher with a look in her eyes that says he has been discovered.
As the teacher is walking toward him, a classmate named Susie is carrying a goldfish bowl that is filled with water. Susie trips in front of the teacher and inexplicably dumps the bowl of water in the boy's lap.
The boy pretends to be angry, but all the while he says to himself, "Thank you, Lord! Thank you, Lord!"
Now all of a sudden, instead of being the object of ridicule, the boy is the object of sympathy. The teacher rushes him downstairs and gives him gym shorts to put on while his pants dry out.
All the other children are on their hands and knees cleaning up around his desk. The sympathy is wonderful. But as life would have it, the ridicule that should have been his has been transferred to someone else - Susie.
She tries to help, but they tell her to get out. "You've done enough, you klutz!
Finally, at the end of the day, as they are waiting for the bus, the boy walks over to Susie and whispers, "You did that on purpose, didn't you?"
Susie whispers back, "I wet my pants once too."
May God help us see the opportunities that are always around us to do good.
Each and everyone one of us are going through tough times right now, but God is getting ready to bless you in a way that only He can.