Monthly Archives: January 2014

Advantages And Disadvantages Of Government Grants

Government grants are means to realize a project that is sure to benefit a lot of people, especially the public sectors. People or organizations, particularly those who have no means of generating the budget for a certain project designed for the welfare of the public, normally apply for a government grant. These grants are not easy to acquire, and this is one fact you need to know if you have plans of applying for one. You have to go through a lot of processes for your application to be considered and granted.

Government grants are designed to help create ideas that can be of great help for the government’s visions and missions. But there are a few good things you need to know with regards to government grants. There are advantages and disadvantages of applying for a government grant, and the following are some of them.

Among the advantages of government grants is that you will be provided of the necessary budget for the completion of the project. Depending on how much you need, the government can provide you to as much as billions of dollars for the project. Another advantage you can get is the distinction of being an awarded of a government grant. This can provide you with additional credibility, as well as public exposure you or your organization needs.

While these advantages are really great, you must know that government grants also have a few disadvantages. One disadvantage is the fact that applying for a grant from the government requires patience and a lot of hard work on your side. There is a lot of planning and research to perform during the application process. Another disadvantage is that since the government is ready to spend billions of dollars for these grants, more and more people and organizations are encouraged to apply for these grants, which means more and more competitors for your endeavors.

Despite all these, you must not waver if you are truly convinced that your idea or project has the potential to be a vital role in the progress of the place you are living in.

Importance Of Government Jobs In India

Most of Indian citizens opt for the government appointment to have better facilities & better living conditions.
India is a vast country having both public & private sector industries.
The government jobs in India divided into two sections namely:

1. Central Government.
2. State Government.

Central Government: – Central government jobs come under government of India like income tax department, central soil conservation department, Central Railways, and other departments like executive, judiciary etc.
The Employee of the Central government will get better Emoluments, Medical facilities, Housing Loan facilities, Bonus, Gratuity, & Provident Fund.

Benefits For The Central Government Employee.
The Employee gets monthly Basic Salary +Dearness Allowances + House rent.
Employee gets Gratuity- i.e. 15 days salary for one year.
Employee gets Bonus every year.
Employees Retirement Benefits: Includes Gratuity, provident Fund, Arrears of salary if any, Insurance
Pension benefits: –
After the retirement the Employee gets half of his salary as a pension.
After the death of an Employee the pension given to his wife.
And if employee has a Handicapped child then, after his death some of the Pension is given to the handicapped child.
Death Relief Funds:-Amount after the Death of the Employee.

State Government: – State government jobs are pertaining to the departments like Banking institution, financial institution, Educational institution, judiciary, and other departments like Forest and Animal husbandry etc.
The Employee of the state government is governed by different rules and regulations in respect of the fixation of pay-scale by the concerned departments. So the salaries the emoluments, medical facilities HRA, PF are less than Central government given to the state government employee.

Benefits For The State Government Employee

The Employee gets monthly Basic Salary +Dearness Allowances + House rent.
Employee gets Gratuity- i.e. 15 days salary for one year
Employee get increment every year.
Employees Retirement Benefits: Includes Gratuity, provident Fund, Arrears of salary if any, Insurance
Pension benefits: –
After the death of an Employee the pension given to his wife.
If Employees child is handicapped then the pension goes to the handicapped child.
Death Relief Funds:-Amount after the Death of the Employee.

Government Jobs Are Like Bullet Proof Jacket For A Family.
It gives safety for a persons life as well as his family.
It provides a good education for children through loans.
It provides loan for marriages of their childrens.
It provides the medical expenses also.

So the above underlined line holds good.
Government jobs secure the peoples life in India. And it maintains the economic growth of India.

Avoiding Government Interference

Whether you have wealth now or anticipate growing your wealth in the future, the developing trend of “share and share alike” in government circles is likely giving you more than just food for thought. In fact, it’s quite possible that the thought fills you with anger, resentment and a burning desire to get out of this impending situation. After all, it’s your wealth, isn’t it? No one helped you develop it, no one held your hand and cherry picked the various investments you made. Therefore, why should the sticky fingers of big government be able to reach into your wallet, pluck out your hard-earned money and give it to someone who never did a thing to better themselves?

While this might sound like a far-fetched story, the evolution of government is moving increasingly towards the “shared” horror that looms on the horizon. While the top 1% of US earners has traditionally shouldered 30% of US taxes, things are bound to get worse. In fact, if current speculation comes to fruition, you could expect to pay up to 50% of your income out to the bloated, self-serving government.

What should you do to keep your wealth for yourself and your family? How can you avoid government interference? Should you just stop paying your taxes? Actually, there are ways around the problem that do not involve breaking the law. Winding up in prison for tax evasion is not a scenario that lends itself to relaxation or enjoyment. However, there are ways that you can increase your wealth, keep the government’s hands out of your bank account and do it all legally.

Asset havens, using the Internet as your electronic haven, finding the right business base for your needs, finding a residence haven and developing dual citizenship can all offer tremendous benefits for your needs. For instance, if you hold a passport to a nation that does not charge taxes on income earned abroad, you can build your wealth easily, without even living in that country. Having a home in a residence haven, such as Bermuda, Panama or one of numerous South American countries, you can save on taxes, as well.

There are considerable ways that you can simplify your life, enjoy the life you want and avoid the hassle of big government, ever greedy to get their fingers on what you have. Building wealth does not have to mean financing government spending when you have the right information.

Strong Biosimilars Segment Driving Asia Pacific Biotech Market

In the Asia Pacific biotechnology industry, biosimilars are witnessing greater acceptance and robust growth. The need to have affordable biologic drugs is the prime reason for growth in this segment. According to a new research report by RNCOS, the patented biologics usually belong to the regulated, developed markets, while the Asian countries are generally equipped to produce their biosimilar versions. As most of these drugs are on the verge of patent expiration, countries such as China and Singapore are all set to cash in on the opportunity.

All this is leading towards an extensive growth and strong R&D in the segment. On back of such developments, the biosimilars market in the region is anticipated to grow at a compound annual rate of around 19% during 2010-2013.

The report, Asia Pacific Biotechnology Market (2008-2012), says that strong factors, such as extensive government support and robust research are driving the Asia-Pacific biotechnology sectors growth. Countries, such as India, China and South Korea are showing the maximum evolvement, and the growth in the biotechnology segment has led to several sectors evolving rapidly in the Asia-Pacific market. Some of the most significant growth rates have been shown by Bioagriculture, Contract Research, Stem cell research and bioinformatics. As per the research, vaccines and therapeutics represent one of the most lucrative segments in the biotechnology industry.

The comprehensive study observed that the global players have acknowledged the significance of the Asia-Pacific biotechnology sector, and therefore, made attempts to penetrate this market. In this regard, consolidation activities have been growing significantly. The research work analyzes the biotechnology market in the region, and provides detailed product and geographical segmentation for the complete understanding of the industry. The report also presents forecasts, includes key market trends, and provides an overview of government regulations that will help clients make sound investment decisions.

For FREE SAMPLE of this report visit:

Some of our Related Reports are:

– Indian Healthcare – New Avenues for Growth ()
– Insulin Delivery Systems Market Forecast to 2014 ()
– Global Genetic Testing Market Analysis ()
– US Diagnostic Market Outlook 2014 ()
– Global In Vitro Diagnostic Market Analysis ()

Check Related REPORTS on:

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

Raffles Equity Research Team Covering the ASEAN Corporate Bond Sector

Bangalore, June 21, 2011 Raffles Equity announces the appointment of three new research and credit analysts to cover the ASEAN Corporate Bond sector as an adjunct to the Equities Department. The new analyst team members will be based in Bangalore, India and will join Raffles in the summer. These new team members join Raffles highly ranked Equity Research Team of Dr. James W. Arnold, CFA, and Director, who leads our corporate equities and stock coverage. Dr. Arnold, Head of Equity Research, said: -Raffles Equity Research, Inc. has an outstanding reputation in providing thoughtful analysis on this ASEAN Stock Companies sector. The quality of our research has been recognized by our consistent high rankings in various industry surveys. We are therefore delighted to be welcoming these new members to our team – all of whom enjoy a great reputation within the corporate credit and corporate bond industry. Their expertise will extend our coverage of ASEAN stock companies beyond just the equity side to now recommending excellent portfolio positions on the debt side of the equation. We see an immediate need to extend our knowledge and coverage of the equity side to credit and debt evaluations for our customers in assisting them in managing Balanced Portfolios of both corporate stocks and corporate bonds. These additions to our team provide further depth in research and we look forward to sharing our combined expertise for the benefit of our institutional clients.- Carla de Marcos will be joining Raffles Equity as a Section Director. She will be working alongside Jonathan Portagio, Assistant Section Director and will share coverage of the ASEAN banks and large conglomerates sector. Both Carla and Jonathan have a combined 23 years experience in the Banking and Industrial sectors, having previously covered Asian, South American and Eastern European Corporate Debt for several prominent Wall Street and European investment banking firms. Philippe Tonier will join Raffles as a Vice President from J. Arthur Donnelly Company. He will join Carla and Jonathan and will be focusing on the highest credit worthy corporates listed on the ASEAN Bourses. Philippe has ten years experience in Credit Financials and Corporate Bond Ratings both on the buy and sell-side. -These coverage additions in Corporate Bonds signals Raffles strong view of the emerging importance of ASEAN Corporate Bonds as investment mediums in an expanding universe of portfolio selection criteria for both income as well as balance funds. It highlights our immediate desire to leverage the information we have gained analyzing the financial prospects of ASEAN Corporations -, emphasized Dr. Arnold.

S Corporation Tax Tips – How To Report Deductions On Form 1120s

If you own an S Corporation, you must file Form 1120S every year to report the income and expenses of your small business. The purpose of this article is to help you properly report all the legitimate expenses you are entitled to take. Like any business owner, you are in business to make a profit. But you also don’t want to pay more tax than required, so read on to make sure you know where to report expenses on Form 1120S.

Form 1120S has three places for you to report your expenses:

1. Schedule A, Cost of Goods Sold. If you sell a product and maintain an inventory, you must calculate your cost of goods sold. Form 1120S provides a special section to do this calculation; it’s called Schedule A, and it’s found on Page 2. This is not an overly complicated schedule, but it must be done right, or you can come up with the wrong amount for what is often the biggest expense for many businesses that sell a product.

After you complete Schedule A, the amount from line 8 of Schedule A must be transferred to line 2 of page 1. Of course, if you don’t sell any product, you can ignore Schedule A.

2. Deductions. This section is located on page 1, lines 7-18. This is where you deduct many of the most common expenses found in any business. There are 12 expense categories for you to start with: compensation of officers, salaries and wages, repairs and maintenance, bad debts, rents, taxes and licenses, interest, depreciation, depletion, advertising, pension and profit-sharing plans, and employee benefit plans.

3. Other deductions. The deduction section described above only offers 12 expense categories. Perhaps you are thinking, “Only 12 expenses! I know my business has many more expenses than that. In fact, most of my business expense categories aren’t even listed on lines 7-18 of page 1.” If that’s you, do not despair. You are not alone, and your situation is quite common. That’s why page 1 has line 19, “Other deductions.” This is where you get to list all other business deductions on a separate schedule. The total from that schedule is then transferred to page 1, line 19.

Here are some of the most common business deductions that you’ll likely include on the “Other deductions” schedule: automobile and truck expenses, bank charges, consulting fees, credit and collection costs, delivery, discounts, dues and subscriptions, equipment rent, insurance, janitorial, laundry and cleaning, legal and professional fees, miscellaneous, office expenses, parking fees and tolls, postage, printing, sales and promotion expenses, security, small tools and equipment, supplies, telephone, utilities.

You will likely have many other categories to include on this schedule. When it comes to reporting deductions, be sure sure to include every legitimate expense you are entitled to write off.

Asean Not To Be The Next Eu

ASEAN leaders pledged not to enforce protectionist policies or raise trade barriers but to move towards a more unified region during the ASEAN summit held in Thailand this weekend. While they realized that they were far from having a common currency like the European Union, they did sign trade deals and agreements to form an integrated economic community by 2015. Prime Minister Abhisit Vejjajiva, who chaired the summit, called on the bloc to accelerate the formation of an attractive single market.

Differences in wealth and national standards are the main reasons keeping ASEAN countries from working together. Aseans biggest problem is that individual members havent been willing to sacrifice for the common good, Michael Montesano, a visiting research fellow at the Institute of Southeast Asian Studies in Singapore told Bloomberg. Every European Union member has given up sovereignty to be part of a stronger union, and we havent seen that in Asean.

As a result of the lack of inter regional cooperation, the ASEAN region has lost out on attracting FDI to India and China. In 2007, the 10 ASEAN nations collectively attracted more than US$60 billion a 18 percent jump than the year before. Meanwhile, China attracted the most FDI in Asia about US$83 billion and India attracted US$23 billion, the fourth largest FDI inflow after China, Hong kong and Singapore.

In order to bolster regional trade, the ASEAN nations signed a free trade agreement with Australia and New Zealand that covers trade in goods, investment and services. It is yet to sign a formal FTA with India. The region which is heavily dependent on exports is worried that trade protectionist policies will deepen the impact of the crisis. While a fund for US$120 billion has been set up to help bail poorer Asian nations out, the new ASEAN charter lays in place no mechanism to stop member countries from implementing protectionist policies.

Professional Corporations – Shareholder Limitations

The professional corporation is an entity classification used in many states for professional services. Classic examples include medical, legal and accounting practices. Professional corporations usually come with serious restrictions and the individuals who can be shareholders is often one of them.

Any article on professional corporations necessarily involves a lot of hedging with verbiage such as -usually-, -generally- and the like being used. The reason for this is these entities are controlled by state law and each state has its own requirements. For the purpose of this article, we are generally looking at California law.

By its very definition, a professional corporation is limited to the providing of professional services to clients. Given this, most people assume a certain level of skill when they attend the entity. For instance, a person going to Los Angeles Cardiology Medical Corporation generally assume they are being treated by licensed physicians who specialize in cardiology. In reflection of this, many states have instituted a public policy of restricting shareholders of professional corporations.

The classic restriction is to limit the class of shareholders to professionals in the particular field. For instance, the shareholders of a medical corporation could only be licensed physicians in the state. A non-licensed professional such as a management person could not be a shareholder.

This limitation seems fairly straightforward and simple, but it leads to odd situations. In California, for instance, what happens when a physician that owns a professional corporation passes away? Generally, the practice would pass to his spouse and heirs, but what if they are not licensed doctors? They cannot have an ownership position in the entity, so careful planning has to be undertaken to avoid serious problems. Selling the corporation will be difficult because there is no leverage in doing so and no guarantee the patients will stick with a new doctor that buys it. In the end, many entities in this situation are simply closed down. Fortunately, there are ways to plan for this financially by having the entity purchase life insurance that pays out on the passing of the sole shareholder.

The restrictions and requirements surrounding a professional corporation are extremely dependent upon the state one is in. What is required in California may be entirely different than what must be done in Oregon, New York or some other state. If you are considering forming one, it is highly advisable to speak with a business lawyer in your area who has experience dealing with them.

Richard A. Chapo forms medical and legal professional corporations for clients at SanDiegoBusinessLawFirm.com.

Boost your business through government contracts

Most businesses would be foolish not to take a look at government contracting as a potential source of revenue. The U.S. federal government spends more than $500 billion per year buying goods and services from outside vendors. Because the government doesn’t produce any products on its own, it turns to the private sector to obtain everything from staplers to multi-million-dollar machinery.

One of the first steps for someone interested in doing business with the federal government is to register as a contractor through uscontractorregistration.com. You’ll be required to provide a DUNS number, a unique identifier assigned to each government contractor. Contact Dun and Bradstreet to receive a DUNS number. Even if you’ve registered in the past, you may need to transfer your information into the new System for Award Management, or SAM, which is replacing older registration systems.

Think you need to be a major corporation in order to do business with the government? That’s not the case. In fact, the federal government is required to set aside nearly a quarter of all contract spending for small businesses.

But if you’re new to federal contracting, becoming established as a reliable vendor whom the government turns to again and again can be a challenge. This may be even more of an issue in recent times, as government makes deep budget cuts and contractors face increased competition. One solution is to work as a sub-contractor to another business that is the primary contractor. Primary contractors are required to subcontract a certain amount of the work to businesses considered -disadvantaged,- which may include small businesses or those owned by women, minorities or veterans.

Becoming a contractor to the U.S. military poses additional challenges. Obtaining a security clearance and demonstrating a track record of maintaining confidentiality may be required. Again, subcontracting is a good way to get started in defense contracting.

Once a contract is awarded, there are numerous details to pay attention to. Contractors need to be mindful of MIL-STD-130, a standard that includes specific labeling requirements for military equipment. Unique Identification, or UID, is a method in which a 2-D data matrix symbol is applied to each piece of equipment to give it a unique identifier. A good source of information on this methodology is id-integration.com. As an additional step, UID verification is used to ensure that the Data Matrix symbol can be reliably read by automated readers. Learn more about verification at ID-Integration.com. UID verification should not be an afterthought; it may be wise to consult an experienced UID integrator – someone who knows how to incorporate UID verification into a particular production system. ID-integration.com contains a wealth of useful information on all the UID requirements.

Thomas Henderson is an applications engineer involved in MIL-STD-130 applications. His experience makes him a wonderful candidate to share helpful information about the challenges involved in item unique identification. Follow me on Google+