Deadline For Registrations May 1 2015: Fill & Download for Free

Wow! I didn't think I would have ever come across this question.I joined IISER back in August 2014, at the time I was passionate about Mathematics and hoped to take Math as my major in the 3rd Year.Let’s skip to January 2015, my Dad calls me and tells me about the Actuaries course. I check it out and out of curiosity sign up for the first exam, CT1 , which is to take place in April 2015, one week before the end-sem exams.I forgot about it until March, when the Holi holidays rolled by. 9 days I had to study the 15 chapters. Those 9 days, I did nothing but study, sleep and eat. The best 9 days of my life. I was introduced to a side of commerce I had never known, as I had taken Science in 11th and 12th. It was fun, exciting and new. It applied math wonderfully and I just dove in deeper. In those 8 days, I guess somewhere between Chapter 1 and Chapter 15 I decided I want to become an Actuary.Revised for the next 20 days and took the exam. At the time, the Institute and Faculty of Actuaries did not release marks, but I was expecting >90.After the exam, I dove in deeper and researched the Actuarial profession, the exams, the body, the work. I subsequently took exams every session (except Sept 2015 as a Bank error caused me to go beyond the deadline for registration) and passed every single exam I have taken in the first try.Now, how do I manage?Each Actuarial Science paper is like a college course on its own. So I just assume that instead of 20 credits in IISER, I am doing 24 credits total.I still usually power through the material in 10–15 days and then revise for another 20–30 days before the exams, for the April diet of exams.For the September exams, I study usually in the Summer vacations ( as I’m doing now).Math major did not materialize as I realized after a semester of math at IISER Mohali, that I couldn’t cope with the Pure Mathematics taught and wanted to study more Applied Mathematics. Switched to Biology but continued doing my summer projects in Actuarial/ Finance related topics and chose electives which had a tech bent like Protein Engineering, Computational Biology etc.Currently have qualified 7 CT Series Papers and hope to be done with the entire CT Series ( 9Papers) by the time I graduate in May’19.

If you are going to live by the river, make friends with the crocodile and not become the enemy of that crocodile. As you can see many of answer given by anonymous identity mostly refers to this college below average college and at the same time hide their original identity. If any student shows their original identity while giving feedback then there will be a probability that their feedback on different social sites will directly or indirectly affect seen on the semester results due to lack of transparency in results. Let start different issues regarding college, which comes in the mind of any JEE aspirants during admission. All below explanation of different aspects of this college is my observation as a student.1. Location: Dimapur is the nearest railway station from Imphal which is about 210+ km in Nagaland state. Only one time I travel by bus from Imphal to Dimapur. I sat on the bus at 9:30 am in Imphal and reach Dimapur at about 19:00. So as JEE aspirants you can easily calculate how many hours it requires to complete a distance of less than 250km. Also, many landslides and economic blockades are seen on the highway. So you can now imagine how good the highway. There is also an airport in Imphal, but middle class and below middle-class students may be not able to access airline tickets which is about 3,000 Indian rupees per person at most of the season. Also, Manipur state has ILP issues and land sharing disputes with Nagaland state.2. Infrastructure: Both the administrative block and hostel block for the students for a temporary purpose. The college started in 2015. But while you see infrastructure compare with other IIITs like IIIT Guwathi, you don’t get the feel. And also you can google and search in many colleges, students went for a strike for a permanent campus. So there might be some advantages to the permanent campus.3. Safety concerns: There is a national highway, in between the administrative block and hostel residence block. Every student has to cross that national highway when they have to go to the administrative block from the hostel. And many times severe accidents have occurs on this road, and also I witness one of the accidents. The state is considered as disturbed area and AFSPA is implemented here. Many times IED blast occurs in the city and bandh due to which market will be shut down.4. Hostel mess: Monthly about 4,500 Indian rupees charged for the mess. Under this breakfast, lunch, and dinner were provided, and no other services provided. On Sunday there is a special dish for which extra charge has been taken. The quality of food is below average under this high mess charge. Many times student complaints against the mess but no strict action took against them. I also listen to one case in which mess people beat one of the students and also they give the excuse of economic blockade and don’t follow the mess menu and not provide quality food under 4,500 Indian rupees. And also there is no good canteen with 24*7 hours open and also a lack of good service and food items.5. Hostel room: Separate hostel for boys and girls. But as in many colleges implement two roommates in a single room. But in this college three or four roommates in a single room. During winter there is a restriction on using heater and blower.6. Electricity: There is no 24*7 electricity in the hostel. There is a generator but it does not run immediately when the electricity cut off. The conditions become worse when there is an exam and night before there is no electricity.7. Drinking water: Good and pure drinking water essential requirement for a human being. But here in this college, you don’t get this. Many students buy RO water at high costs from outside campus. Many times takes bath and wash clothes in muddy tap water.8. Academic: Firstly, I have one question for you, if your rank is good in JEE what is your first-choice college. But if your rank is not good then what is your first-choice college, maybe that’s why you are reading this. Similarly, if you apply for jobs in many colleges as a professor, then what’s your choice old, reputed colleges with a permanent job. Else newly built college which has a temporary campus that is in a disturbed state of the nation along with the contractual job. As JEE aspirants you have study Physics, Chemistry, and Maths(PCM) with different faculties. Or sometimes the same subject different topics with different faculties. Because one faculty cannot teach all three subjects nicely maybe. But here the same faculty teaches physics, chemistry, and maths domain topic and other faculties only do the same. There is no smartboard for teaching purposes as many have seen in coaching institutes and schools. Also, you cannot choose optional subjects as your interest, rather than the academic section will decide which optional subject you have to take due to lack of faculty. There is an interim director, no permanent director. So, now you can imagine both the quality and quantity of faculties.9. Internship: As many institutes have an alliance with many private firms, government firms, and other firms. It may reserve some seats for that college students for an internship which help student easily gets an intern without wandering here and there. But in this college, I don’t know any such type of alliance exists in my knowledge. Also if you apply for foreign countries' internship and scholarship many times you may not find a college.10. Placement: A wise investor never invests in those stuff from where after 3-4 years gets no or less return than invest. For the 2020 batch, no company visited the campus. So you can imagine the placement conditions. Amid COVID- 19 pandemic condition the future placements scenario beyond imagination.11. Scholarship and loan: In many institutes, there is a specific cell that looks after scholarship and loan for the middle class and below middle-class meritious student, whose growth cannot hinder in lack of financial aids. But in this college, there is no such specific cell that looks only scholarship and loan. Students may himself google it and find scholarships and loans. Many times student gets upset when they don’t find their college registered for particular scholarship and loan schemes.12. Students: During each year mostly student comes after last round or spot round conduct by JoSAA or the governing bodies. And a maximum of seats vacant each year. In the 2019 batch, there are no single female candidates registered for the undergraduate B.Tech course. The strength of female candidates easily counts on fingers. As a JEE aspirant who goes for mostly for last round or spot round counseling a good JEE ranker or bad JEE ranker. Think about it!13. Sports facilities: Most of the student who loves to play different sports they want a good playground in their college where they can play outdoor games such as cricket, football, volleyball and so on. But unfortunately, the college has a single small ground on which you have to play cricket, football, volleyball, and so on. There is a small gym but don’t have well-equipped machines and necessary things. To organize sports tournament students have to contribute money from their pocket for it. Also, students have contributed to buy a bat and ball from their pocket. So now you can get an overview of sports facilities.14. Entertainment: In engineering college, many students want countless of fest continuously for many days. But unfortunately, there is no single big fest organize in this college. Even for a festival like Holi, Diwali students contribute from their pocket to organize the festival due to a small number of funds or no fund reimbursement by the college. Similar things for freshers and farewell party.15. Refund policy: In each semester each student has to pay 5 months advance mess fees about 4,500 Indian rupees for each month. But at the end of each semester, the money is not refunded on time if you require it. I was personally not satisfied with the refunded amount as they deducted money for unnecessary things. And also they increment mess fees in mid of the semester. If you eat or not eat in mess from the beginning of each semester till the end of each semester but then also you have to pay for each day.16. Library: Small library with limited copies of important books or not available.17. Internet connectivity: Only get daily 1Gb data for browsing, not unlimited data for browsing.18. Weather: Maximum of months it’s rain. But overall the weather very good throughout the year.19. Counselling: During taking admission to any college which is far away from your home. You firstly contact with the person whose number is given on the college website to know more about the college. It feels better when the next person talks to you in your mother tongue language. Maybe you asked for the contact number of students who are studying there from your region to get more information about the college. But thinks yourself as a consumer and when you go for buying some expensive things like a car from the market by the seller and their co-workers always provide advantages of their products and influence you that this product is best for you under within that range. But at the same time, the seller may hide those drawbacks of their products from you, which may make you not to buy that product. Similar things maybe apply everywhere. Instead, go for testimony.20. Fees: In each year you have to submit more than 200,000 thousand Indian rupees. But due to the COVID-19 pandemic, you may don’t have to pay mess fees that may be exempted due to online classes from home.21. Medical services: If you want some medical aid at midnight unfortunately you may not get any aid because the college might don’t have any first aid kit. And there is not available any medical staff team dedicated to students. If there is an economic blockade or bandhs then the case becomes more worsen.22. Backlogs: Continuously for 5-9 days mid-semester or end-semester exam occurs and there will be a lack of gaps between two papers. And if due to lack of preparation and for some different reasons if anyone, unfortunately, receives a backlog in any paper, then there is no summer course provision for students. But you have to clear that subject with juniors of that semester next year. Sometimes the situation becomes worse if on the same day you have two exams i.e. one backlog paper and other that semester paper of different code. But in many other colleges, there are summer courses provisions for weak and backlog students. The conditions become critical if any student receives backlogs in the 7th or 8th semester due to some reason. Then that students have to pay whole semester fees for just clearing that backlog subject and have to sit with junior for the whole one semester next year.23. Classes: In each college, there is a time table for classes which both faculties and students have to follow strictly. But here many faculties don’t follow the time table instead of that they take classes when they wish. Even sometimes they call for classes on a weekend holiday, which may be used for some other purposes by the students. Courses also don’t complete in most of the subjects in any semester.24. Labs: In ECE labs there is a lack of components and also there is no good instructor to give demonstrations of each experiment or how to use different components.25. Ranking: Each year MHRD release ranking of top colleges and university. You can check the ranking of different colleges there.26. Late fine: Each college has a deadline for registration which may vary. If you are late for registration then you have to pay a late fine for that. Here in this college, there is a single day given for registration for the respective batch. If the student doesn’t do registration on that day, due to some reason and go for the next day for registration then the student has to pay a late fine of 10,000 Indian rupees.At last, I hope I describe each aspect of my knowledge best. If you have any queries you can ask me in the message box. Because I don’t want any student due to misinformation face trouble especially those students who have financial problems. Take wisely decision while taking admission in college.

As per RBI notification, India has already signed an agreement called the Inter-Governmental Agreement (IGA) with the US last year for automated exchange of information between the two countries. This initiative is for improving the International Tax Compliance and implementing the Foreign Account Tax Compliance Act (FATCA).Below is the RBI notification on the same:RBI/2015-16/165DBR.AML.BC.No.36/14.01.001/2015-16August 28, 2015The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ All Non-banking Financial Companies/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (SCBs / CCBs) / All authorised personsDear Sir/ Madam,Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS)As you are aware, India has signed the Inter-Governmental Agreement (IGA) with the USA on July 9, 2015, for Improving International Tax Compliance and implementing the Foreign Account Tax Compliance Act (FATCA). India has also signed a multilateral agreement on June 3, 2015, to automatically exchange information based on Article 6 of the Convention on Mutual Administrative Assistance in Tax Matters under the Common Reporting Standard(CRS), formally referred to as the Standard for Automatic Exchange of Financial Account Information (AEoI).2. In this regard, Government of India has notified the amendments to Income Tax Rules (Rules) vide notification dated August 7, 2015 (copy attached) and have added Rule 114F (definitions), 114G (Information to be maintained and reported) and 114H (due diligence requirement) for operationalisation of IGA and CRS. This information regarding US reportable persons and other reportable persons have to be furnished in a form 61B, which has also been notified with the above mentioned notification.3. All the concerned ‘financial institutions’ (this term throughout the circular has the same meaning as defined in the Rules) should refer to the amended rules and take steps for complying with the reporting requirements. Accordingly, all the concerned financial institutions should register on the related e-filling portal of Income Tax Department as Reporting Financial Institution by submitting the requisite details. Thereafter, the reports can be submitted online by using the digital signature of the ‘Designated Director’ by either uploading the Form 61B or ‘NIL’ report. In this regard, Central Board of Direct Taxes (CBDT) is developing a schema, which would be shared with all the regulated entities shortly.4. Some important issues which need to be kept in mind while complying with the reporting requirements are enumerated below.The IGA between India and USA is expected to come into force on August 31, 2015.The due diligence procedure for pre-existing individual accounts has been provided in Rule 114H (3) and for pre-existing entities accounts the procedure has been provided in Rule 114H (5).FIs have to treat an account as a reportable account as on the date it is identified pursuant to the due diligence procedure specified in sub-rule (3) to (8) of Rule 114H and, unless otherwise provided, information with respect to a reportable account will be required to be reported annually in the calendar year following the calendar year to which the information relates.FIs have to decide the ‘high value account’ and ‘lower value account’ as on June 30, 2014 for pre-existing individuals in the case of a US reportable account and as on December 31, 2015 in case of other reportable account as per Rule 114H (2) (b) & (c) ,subject to value search carried out as on the specified dates.FIs have to properly segregate ‘pre-existing accounts’ from ‘new accounts’ and apply due diligence procedure as applicable to them under the Rules. ‘Pre-existing’ accounts and ‘new accounts’ have been defined vide Rule 114H (2) (d), (e), (f), (h), (i) and (j).The alternate procedure prescribed for identification of US Reportable Accounts in Rule 114H (8) will be applicable for accounts opened from July 1, 2014 to August 31, 2015 and will not be applicable for accounts opened after September 1, 2015.As per the alternate procedure for accounts opened from July 1, 2014 to December 31, 2014, a value search should be carried out as on December 31, 2014 and for accounts opened between January 1, 2015 to August 31, 2015, a value search should be carried out as on December 31, 2015 and due diligence exercise should be carried out in required cases. The due diligence procedure under alternative procedures have to be completed before August 31, 2016, after which the accounts where the required self-certification or documentation are not received will need to be closed. The progress of the Reporting Entities (REs) in this regard will be monitored on a milestone basis and the detailed modalities of such monitoring will be advised separately.For the new accounts opened after September 1, 2015, the due diligence procedures specified in Rule 114H (4) and 114H (6) would be applicable. Since it may not be possible in all cases to change the system of taking information, self-certification, etc., from the clients at such a short notice, it was decided that the FIs may undertake a value search for such new accounts opened after September 1, 2015 and upto October 31, 2015, as on December 31, 2015 and carry out and complete due diligence in required cases for such accounts within a period of 90 days i.e., by March 31, 2016. The actual on boarding of new accounts in the IT platform of the REs should start from November 1, 2015, with FATCA/CRS compliant account opening form and documentation. Therefore, all the REs should upgrade their IT system well before October 31, 2015 to ensure actual on boarding of new accounts as per Rules and Form 61B.For carrying out value search on various dates mentioned in Rule 114H, REs may refer to the spot reference rates published by Foreign Exchange Dealers’ Association of India (FEDAI) on their website at http://www.fedai.org.in/RevaluationRates.aspx .For the purpose of value search, the threshold limit for a depository account of individuals (both ‘pre-existing’ and ‘new’ accounts) coming under the purview of due-diligence procedures for determining US reportable accounts is greater than USD 50,000.00. There is no such threshold limit for determining other reportable accounts.Similarly, for the purpose of value search, the threshold limit for a depository account of entities (only ‘pre-existing’ accounts and new entity accounts opened between July 1, 2014 and December 31, 2014) coming under the purview of due-diligence procedures for determining US reportable accounts and other reportable accounts is greater than USD 250,000.00.For the purpose of value search, the procedures relating to aggregation of account balance and currency will be as per Rule 114H (7) (c) (i) to (iv).All the FIs have to submit reports online using the digital signature of the designated director by either uploading Form 61B or Nil Report by September 10, 2015. The first reporting will be with respect to calendar year 2014 if an account has been identified as US reportable account consequent to completion of due- diligence procedures as laid down in Rule 114H. Therefore, the reasons for the Nil report should be captured as under For pre-existing accounts Option 1: Due diligence procedure not completed Option 2: Due diligence procedure completed but no reportable US account identified For new accounts Option 1: Alternative procedure invoked Option 2: Due diligence procedure as applicable to new accounts completed but no reportable US account identifiedReporting Entities are requested to register in the e-Filing portal at the link https://incometaxindiaefiling.gov.in/ post login --> My Account --> Register as Reporting Financial Institution. After successful Registration, submission of Nil statement of Form No. 61B can be done post login --> e-File --> Submit Form 61B/Nil Statement.All the regulated entities should develop their IT system for carrying out due diligence procedure and also for recording and maintaining the same, as provided in Rule 114H and complete the reporting requirement with respect to each calendar year beginning 2014.5. CBDT is in the process of issuing a detailed guidance note detailing the reporting requirements. The respective Financial Institution by going through the Rules should determine whether they are Reporting Financial Institution or not and whether they are falling within one of exemptions (Non-Reporting Financial Institutions (NRFI) as per Rule 114F (5)) provided in the Rule.6. All the regulated entities should take action appropriately for the implementation of due diligence and reporting requirements as laid down in the Rules and ensure compliance in a manner that lends itself to credible auditability including audit of the IT system which should be suitably upgraded to not only maintain the information required under the Rules but also to record and store the due diligence procedures. In due course, the detailed guidelines for carrying out audit of IT system for ascertaining the degree and level of compliance with due diligence procedures as laid down in the Rules will be issued.7. As the implementation of provisions of FATCA and CRS as laid down in the Rules are in the nature of fulfillment of country’s obligations under various international agreements and non-compliance can lead to huge penalties in addition to loss of reputation, it is encumbent on the Chairperson/CEO of the RE to form a “High Level Monitoring Committee” under the Designated Director or any other equivalent functionary to ensure that the reporting entities are in a position to meet all the deadlines for completing due diligence procedure and for reporting requirements or for such other deadlines on a milestone basis that the Regulator may prescribe from time to time.8. These instructions are issued under Section 35A of the Banking Regulation Act, 1949 and Section 45 of the Reserve Bank of India Act, 1934. Any contravention thereof or non-compliance shall attract penalties under the Act.Yours faithfully,(Lily Vadera)Chief General ManagerEncl: as aboveSo, this already in place now. Hope this answers your question. Feel free to comment in case of any doubt.Thanks for A2A.