Direct Deposit Enrollment Template: Fill & Download for Free

If you adopt biometric technology for time and attendance, access control or another deployment within a business, do employees have a right to refuse participation on the grounds that it violates their privacy and/or individual civil liberties? It brings up an interesting question. Without irrefutable proof that a biometric database can’t be hacked into and the templates reverse engineered into images, if an employee did decide to decline participation, would they be able to prove their claim that the technology did in fact violate their civil liberties?There have not been any known cases here in the U.S. of an employee taking their employer to court for their refusal to enroll in a biometric identification system that resulted in wrongful termination or a violation of their equal opportunity rights. However, shouldn’t biometric information be treated as any other personally identifiable data that an employer keeps on file like social security numbers, pictures, or bank information if you request a direct deposit? Information that, if stolen, could be used to recreate you as a person? Most companies already have policies in place that govern the safe protection of this data and biometrics should arguably be included and not treated any differently. It should be treated the same way as the data you have already given up and is stored just by being an employee of the company.Most employers also monitor their employee’s activities while they are at work which could include video, email and telephone monitoring. An employee is then asked to sign that they received and read the employee manual that explicitly states their acknowledgement that they will be monitored throughout their employment tenure. Remember that this is not a request for permission to be monitored; it is an agreement that the employer will be doing it.

​​​Thanks Isha for A2A.The German Academic Exchange Service (DAAD) is the largest funding organisation in the world supporting the international exchange of students and scholars.Working Internships in Science and Engineering (WISE)The programme targets Indian students pursuing a degree in the fields of science and engineering who wish to do an internship at a German higher education institution or at a research institute.Who can apply?Students from selected Indian higher education institutions in the fields of engineering, mathematics and science who are in their fifth or sixth semester of a Bachelor’s programme or in their fifth, sixth, seventh or eighth semester of an integrated or dual degree programme. Students who have been awarded a WISE scholarship previously cannot apply again.What can be funded?A research internship at a public or state-recognized higher education institution or a non-university research institute in Germany to work with doctoral students, scientists or professors as part of on-going research projects.Duration of the funding?2 to 3 months in the period between May and July. Internships of less than two months duration cannot be supported.Value?A monthly scholarship of 650 Euros for undergraduate students (the monthly installment will be calculated on a daily basis, i.e. 21.70 Euros per day).A lump sum travel subsidy of 550 Euros.Payments towards health, accident and personal liability insurance covered by DAAD.Participation in a meeting of DAAD scholarship-holders in Germany.Step by step process:One should start mailing from September since later on many good colleges would have already taken interns and DAAD have their deadline around November.Start making your resume and cover letter. Get a template from your seniors or write your own cover letter.STEP 1: Getting an invitation from a German ProfessorMost important person in the entire process is the professor. Shortlist them on the basis of your interest, university etc... You can search for the best German universities online. Go through the profile of professor on his/her web page. Read about his/her papers, projects etc. Write him/her a mail and request him/her to offer you an internship. Attach a very precise resume.About the mail:Always address the professor by the last name with a proper title.For e.g. Dear Prof. Meyer, Respected Dr. Paul etcStart the mail by introducing yourself and your college. You can write about few major subjects you have studied/ lab techniques known. Mention about your research interest (you should get an idea about it after going through prof’s profile). You can also mention his/her current project that you are interested in. Clearly mention the dates of internship feasible to you (or at least duration). In the end, you can tell him that you will be applying for the DAAD scholarship.Best time to mail profs is Monday around 12-2 pm (Indian time), that’s 8-10 am in Germany. You can send mail to multiple profs. Try not to mail professors during weekend. Don’t write a generic mail. Don’t CC.You may not get a reply immediately, be patient, don’t freak out. I got a positive reply after sending mail to 30-35 profs, and the reply was after 10 days.Some profs may take telephonic interview or send a questionnaire/problem… be prepared for it.NOTE: Do not give any false information.STEP 2: Application DocumentsYou will be offered a DAAD scholarship on fulfilling following requirements.CGPA > 8.5 at the time of application.Acceptance/invitation letter from a German professor.NOTE: No proficiency in German language is required.Following documents are required at the time of application.Online application formCertificate of Enrollment with stamp of home institution.No Objection Certificate from home institution.Approval form by German host.Reference from Indian university teacher which provides information about the applicant’s qualifications.University degree certificates indicating final grade(s).More information about all these forms can be obtained from DAAD website.Your home institute may take a lot of time to prepare Certificate of Enrollment, No Objection Certificate and grade sheet. It’s better to apply for these a month prior to applying for the internship.Make sure you have your passport ready at the time of application. You will need your passport to apply for VISA.You will have to send a printed version of online application along with other documents to DAAD Delhi office.NOTE: Application deadline is 1st of November.I got an acceptance on 29th September. I wasn’t able to send my application by 1st of November, so I contacted DAAD Delhi office and told them my problem. They understood my situation and accepted my application which reached them on 5th of November.Results are generally declared by the beginning of February.STEP 3: After getting the scholarship1. Book your Flight Tickets: Tickets generally gets very expensive so buy then ASAP. Turkish Airlines are generally cheapest. But cheap is always not a good option. Cheap flight doesn’t have good facilities. Do check the luggage allowed before booking. If you can’t find a flight directly to your institute in Germany, you can consider travelling by train. German trains are fantastic.2. Arrange accommodation: Ask your professor to arrange an accommodation for you. If he agrees, nothing better else start looking online.1. http://www.stw-on.de/services/biete-und-suche2. http://www.wg-gesucht.de/en/Keep in mind the following points while booking online.1. Make sure you book a room close to university.2. Don’t pay anything in advance.3.Make sure you have a kitchen in your hostel/ apartment.3. Get Schengen Visa: It allows you to go to many European countries. Getting a VISA is an easy task for DAAD Scholar. Just take all necessary documents with you.4. Finances: DAAD will provide you the stipend once you reach Germany. You will have to open a bank account in there and send the information of your account to the address/fax-number given by DAAD. First instalment from DAAD will arrive in your account in about 7 days. So you must carry sufficient amount from India to stay there for 10-15 days on your own. Generally 200-300 euro will be enough but in case you need to pay security deposit or first month rent to your accommodation, 800-900 euro should be more than enough. To get the currency converted, you can contact any bank or private vendor.5. Socket Convertor: The Plug point in Germany is different from India. You can buy a universal travel adapter in INR 200-250.6. Food: If you eat fish and pork, you won’t have any problem. Pure vegetarians will have problem in finding food. Take some food along with you for first 1-2 days like Maggi, namkeen, laddu etc (Don’t keep any food stuff, spices etc in hand bag while boarding flight, everything will be removed when it is checked. Keep these things in baggage that will be kept in the luggage chamber). There will be a menza(mess) near your university. They generally have one veg dish. Few vegetarian things, one could get there are: breads, veg Pizza, garlic bread, yogurt, cake, fresh juice, packed food etc. You can browse several general stores to find some more new vegetarian food stuff. For cooking in Europe, flat heating plates are used instead of flames as in India. So, take vessels with flat bottoms for cooking. Other than spoons and plate, a frying pan was enough for me.7. Language: At your work place, language will be mostly English. Most of youth especially students know decent English but older people such as staff at hostels, general stores and other people generally know little or no English.8. Travelling places: This is the best opportunity to visit places in Europe. Europe is a beautiful place and I guess you won’t get better time in future toexplore places freely.Source www.daaddelhi.org/en/

Economy: FactsFrom 7.2 to 7.6% GDP growth rate —GVA Growth Rate: from 7.1 to 7.3% ;Average Exchange rate: 65.03 ;IIP Growth: from 2.6% to 3.1%Agriculture GDP growth rate: -0.2 to 1.1Manufacturing GDP growth rate: 5.5% to 9.5%Fiscal Deficit: 4 to 3.9Fiscal Deficit target for FY’16-17 is 3.5 — thus union stick to its roadmap of Fiscal ConsolidationElectricity Generation growth: 8.4% to 4.5%CPI Inflation: 6.1 to 4.8%Revenue Deficit Target: 2.5%Committee to provide recommendation for reform FRBM ActRevenue Forgone ? it is revenue loss due to exemptions like benefits in SEZ's11% increase in Defence expense. 2.4% of the GDP. If inflation is included real hike is only 6.2%RBI which met its inflation target of 6% in Jan’16 has set its target of 5% for Mar’17.9 Pillars of the Budget:Agri Culture & Farmer Sector with emphasis on doubling farmers income in next 5 yearsRural SectorSocial Sector Including health care to cover all the under welfare and health servicesEducational Skills and Job creation to make India a knowledge based and productive societyInfrastructure and Investment to enhance quality of lifeFinancial Sector Reforms to bring transparency and stabilityGovernance & Ease of doing business to realise people their full potentialFiscal Discipline and Prudent management of government financesTax Reforms to Reduce Compliance BurdenAgriculture: 36 k crorePradhan Mantri Gram Sadak Yojana: 60% by Centre total is 20 k crore in FYNational Diaster Relief: interest subventionPM Fasal Bima Yojana: 5500 crPulses ProcurementFocus on Drought Distress Area & on Irrigation Infra4 New Dairy Project:E-PrashudhanPashudhan SanjivaniAdvanced breeding Technology:National Genomic Centre for Indigenous Breeds90% of the honey is exportedPromotion Organic Farming:PKVY: 5 lakh hectare areaOrganic Value Chain Development Centre in NE-RegionFocus on Credit Flow/ soil fertilityOnline procurement by FCIFarmers r countries food securitydouble the income of farmer by 2020141 million hector are only 46%28.8 lakh hectare under PMKSY + other scheme = 8 mn hectareNABARD to have 20k crore (Long term Irrigation fund)Sustainable mgmt for Ground Water mgmtPonds & Tank under MGNREGAUrban waste to compost under Swacch BHaratMArket:Unified Agriculture Market (e-platform)12 states ratified APMC ActRural Economy:Panchayat & Urban local bodies to get more funds by devolution.Drought and Rural under Deendayal SHG'sCluster approach under MGNREGAPMKSYShyama PrasadRural Electrification: 100% electrification by 1st May’2018Deendayal Udadhaya Rural Electrification MissionIntegrated GridSocial Service:Aadhar will get legilative back by passing an act and Aadhar will not confer any right of citizenship or domicile.Stand Up India scheme for Women & SC/ST entrepreneur Rs. 500 crore for SC/ST entrepreneursNational SC/ST hub under MoMSMSE to provide professional traningEmployment to 4 crore people under MUDRA by 2016Focused SubsidyWomen to be provided LPG to overcome Chulah CookingPM Mudra Yojana: more fundsMore ATM, micro ATM’s, ATM in Post-office.Aadhar number Social Security InfraDBT on pilot base for FertiliserFair Price Shops to be automatedEk Bharat Shresta BharatPension:At the time of withdrawal, 60% of the funds would be taxable, (Pension Funds under EPF, Provident Fund and NPS). Only on the funds deposited after 1st april’16. Exempting few who are earning below certain amount. (amt not yet certained)Thus Boost for NPSEarlier Tax product was choosen on basis of tax but now Efficiency & returns will be the parameter.EEE model to EET ie. EETaxable modelEducation & Skill development: 3.9% of GDPNational Education Mission to focus on Quality education62 new Navodaya VidayalaHigher Education Fund (an Non-Profit Organistion) to provide loans for educationPM Kausal Vikas Yojana — 1500 skill centre across countryto train 1 crore students in 3 yearsIncentives creation of new job in organised sector:8% to EPFO contribution for 1st 3 yearsNational Career Service: to be interlink withRetail Trade is largest employment provider in Service sectorDigital Literacy Scheme for Rural India10 public and 10 private educational centre to be made world classHealth: 4% of gdpCigrratte & Wine costilierHelath Protection Scheme — 1 lakh per familyQuality medicinesDialasis Centre — National Dialysis Service under PPP mode in each districtPM Ayushadhi Yojana : 3000 drug store to be openedInfrastructure: 2.12 lakh crore (excluding railways)Transport:Roadways: (55k crore + 15k crore by NHAI (by bonds) + 19k crore for PMGSY= 97k croreState Transport: To review this sector: Private Sector for New technology, credit, environmental friendly, employment generation: e-rickshaw. Bio-CNG and Ethanol.Passenger Traffic on road improvedabolition of permit-raj will be medium term goalMotor Vehicle Act to be amended to allow entrepreneurFOr Delhi roads: 90 crore Central Road Funds85% of the stalled road project back on trackWaterways:Major Ports: Sagarmala ProjectMore greenfield portsAirways: 160 airports and airstrips to me upgraded by investing Rs. 1 billion in each in tier 2 citiesRailways: 2.18 lakh croreHousing:House for All, 2022Dispute Resolution in PPPOil and Gas:Gas production from deep sea, ultra deep water to be incentivisedPower sector:Private Sector:More initiatives were expected for infrastructure particularly on implementation of Kelkar Committee recommendation to revive private investmentCredit Rating System for funding infrastructure projectsFDI:49% in insurance(with indian management & govt approval{FIPB}) and pension100% FDI in through FIPB for Food Processing Industries in India. 100% in ARC15% in stock exchange on par with domestic instt. — to enhance competitiveness 7 adopt best practice49% for FPI in listed CPSE’s except banks and areas governed by financial sector regulator — this will obviate the need of govt approval.Centre -State Investment Agreementinline with union Cooperative & Competitive Federalism and to insure effective implementation of Bilateral Investment TreatiesState opting to ink this pact with Centre will be seen as more attractive destination by foreign investorsIndia’s Model BIT Text bought in Dec’15 will be used as template for negotiations with coountries.aimed at protecting govt interest & securing their policy spaceIndia has BIT with 83 countries of which 72 are operational.PSU DIsinvestment:CPCE’s Divest individual assets to invest in new projectsThe DIPAM (related to disinvestment firm)National Investment and Infrastructure Fund for funding investments in another disappointment.Financial Sector Reforms to bring transparency and stabilityFiscal Discipline and Prudent management of government financesBanking Reforms:RBI Act, 1934 to be amended to provide for Monetary Policy Framework/Committeeto increase transparency & accountability of framing monetary policy6 member body : 3 from RBI including governor & deputy governor incharge of Monetary Pollicy Framework.Bank Board Bureau to be operational with which govt will stop involving in top management & board level appointment. Vinod Rai to head BBB.4 member BBB is independent of govt as well as RBI.BBB was proposed by P.J Nayak Committee(which was set up by RBI)Roadmap for consolidation of PSBs — lead to banks with bigger balance-sheet which is required to finance the large infrastructure.Paring stake in IDBI < 50% — mean that bank is par with private sector which could increase efficiency.100% FDI in ARC through automatic route — this is required to absorb the surge in bad loans.Listing of General Insurance Companies — will bring transparency through IPOBankruptcy:Amendment under SARFESI Act to make ARCDebt Recovery Tribunal to be strenthgthened & IT enabled for better resolution.Financial Data management CentreRe-Banking the PSBIndradhanush — Rs. 25k crore capital infusion in PSBs (though amt is short of required to overcome bad loans). The amt is same as was last year.While infusion was expected to go up since Q3Oct-Dec’FY15-16 Asset Quality Review of RBI has increased the bad loans substantially.Governance & Ease of doing business to realise people their full potentialIndustry:Presumtive Income of MSME 8% ie. MSME category increased from 1crore to 2 crore.Startups:100% deduction of profits allowed for 3 out of 5 years will boost start-ups setup in during April’16 to Mar’19. Minimum Alternative Tax will apply in each case.Ease of doing business has positive impact on start-upsIncentives for Stay In India — there will be no capital gains tax applicable if the funds so received are invested in a notified fund of funds by individuals in specific start-up10% tax on royalty income from patents developed and filed. — will encourage more innovationAadhaar will provide the link for Digital infrastructure b/w companies and public. It will help to reach masses quicker ad effectively.Amendment of Companies act for easier and swifter registration of companies.Issues:No tax reduction for Software product companiesConfusion over “Goods” and Service” Tax on online downloads and TDS on sale of s/w productsConfusion over definition of Digital Goods and Digital Services from taxation point of view.Foreign companies selling business to consumer products without any tax in India is another big challenge for India’s new-age firm.Push for Make In India:Boost for start-upResidency Status to Foreign Investors subject to certain riders.Currently they get 5 year business visa.1.8 k crore for scheme fro Investment Promotion and Amended Technology Upgradation Fund.Customs and Excise Duty structure Modified to incentives Domestic Value AdditionIncentivise employer to to recruit unemployed thus (from informal sector to organised sector) by paying 8.33% to EPFO for all new employees enrolling in EPFO for 1st 3 years of their employmentonly to those with salary upto Rs. 15 k/monthGST will also boost MIIRestoration of the the benefits of service tax exemption which was removed last year in several cases will help in bringing down the Building infrastructure costBanks merger is required to able them to fund large infrastructure projectsTax Reforms to Reduce Compliance BurdenDirect Tax:Tax incentives for Gold Monetisation scheme and Soverign Gold Bond Scheme(issued by RBI)interest and capital gains earned now to be exempted from Tax.On Individual earning >1 crore surcharge 15%; and ie. Ambani would have to pay 35.54% and TATA group only 33.22%.Tax rebate of 5000 under section 87A — If earning <5 lakh (increased from 2000 earlier)Rent Allowance tax deduction increased to 60000 from current 24k (under 80GG)Additional Tax deduction of 50 k available annually on account interest paid on housing loans. on house purchase of <=50 lakh and loan amt <=35 lakh. (this is in addition to 2 lakh already available)Corporate:Corporate Tax of 29% for small firms with 5 crore turnoverCorporate tax of 25% for New Manufacturing firms (promotes industrial activity)Exemption to be phased out slowly include: Accelerated Depreciation & Benefits on SEZs. Phasing out exemption will reduce litigationsCorporate Tax to be reduced slowly to 25% as benefits of exemption would be available to govt gradually.Implementation of Place of Effective Management (POEM) postponed and GAAR implementation scheduled for implementation, doing away with Retrospective taxes and measure to reduce litigation. These will make Indian companies globally competitive.Effective Tax Rate is 23% as against Statutory rate of 32-33% due to the exemptions. resulting revenue worth over Rs. 62000 crore being foregone.Direct Tax Dispute Resolution Scheme: it is only one time. to resolve cases emanating from Retrospective amendment of tax laws made in 2012.Aims at resolving cases pending under any court or tribunal, arbitration or meditation under BIPA. It will provide stable and predictable taxation regime.Under the existing law, companies are liable to pay Everything including Principal Tax + Interest + Penalty however Scheme propose to only pay Principal Tax. (interest & penalty can be waived off).Capital MArket:Dividened Distribution Tax: Individual or HIndu undivided family — 10% tax If earning on dividend > 10 lakh.Securities Transaction Tax: STT on Option Contract increased from 0.017 to 0.5%. STT on investment unchanged.Tax on Speculative trading increased.Indirect Tax:Service Tax not inc (same as 14.5% however few new cess Krishi Kalyan Cess of 0.5% on all taxable services. Will be levied June onwardsExcise duty on tobbacco product increased from 10 to 15%Clean Environmental Cess on coal, lignite and peat increased by Rs 200 per tonneCurbing Domestic Black Money:Voluntary Disclosure of Income Scheme: It provide 30% + 7.5% surcharge + 7.5% penalty = 45%Attractive proposition as virtually no interest payment involved.Penalty & surcharge on the current value of the asset declared. Window from 1 june to sep 30.Every amnesty scheme results in transfer of resources from the honest rich to the dishonest rich.Govt has huge power under Income Tax act, 1961 to tackle unaccounted income.FM says it is not amenesty scheme and only Remedies the flaw in VDIS,1997 as in 1997 penalty tax was not included