Consumer Issues
Govt hikes excise on petrol, diesel by Rs1.50 per litre
The increase in price due to hike in excise duty will be passed onto the consumers so that the government can keep it coffers healthy
The Indian government on Thursday hiked excise duty on petrol and diesel prices by Rs1.50 per litre. This means the price end users would pay will remain unchanged despite the recent and upcoming reduction in petrol and diesel prices.
The increase in price will be passed onto the consumers so that the government can keep it coffers healthy and meet the fiscal deficit target of 4.1% of the gross domestic product (GDP). 
The union government levies per litre duty of Rs9.20 per litre as central excise duty on petrol and Rs3.46 per litre on diesel. 
Apart from raising government revenue, the move is seen as a fund buffer to plug the deficit in case crude prices harden in the future.


Uplifting Children of Poor Communities

Empowering youngsters through literacy and vocational training is the message of Samaritan Help Mission


Sometime in 1999, Mamoon Akhtar was moved by the overarching desire of a little child from the Tikiapara slum of Kolkata to get basic education. The child’s mother was being forced into anti-social work by the slum’s drug mafia. So Mamoon ended up rescuing her too. He started teaching the boy at his own house in the evening. Soon, another group of children followed and wanted to be taught. This inspired Mamoon to start a school in his own 600-sq ft house.

Over time, this developed into an organisation that received financial support from a group of good Samaritans in Mumbai (now formally called Caring Friends) and the Samaritan Help Mission (SHM) was formed. Caring Friends persuaded many others to support SHM. Thanks to the steady stream of funding, SHM scaled up its humanitarian work since 2004 and ventured into several spheres.  

But, at its core, SHM works at uplifting children from the poorest sections of society.


These usually belong to families of daily wage labourers, rickshaw-pullers, drug addicts, housemaids and also children of convicts who are in jail, or from similar humble backgrounds. The Samaritan Mission School established in Tikiapara slum of Howrah provides them access to quality education in English medium. Apart from basic education, SHM also offers vocational training to poor girls and widows and helps them become financially independent through self-help groups. It also runs computer literacy programmes for children. In addition, it has begun to provide medical health facilities to its core group.

SHM was registered as a society in 2001. The Samaritan Mission School was started on 26 May 2007. The children get access high-quality education in English through regular schooling. At present, the School has over 880 boys and girls. A recent development, which makes them proud, is the addition of a school library on 3rd September which was inaugurated by the Howrah police commissioner.

SHM’s vocational training project supports 200 women. Fifty girls work regularly in a manufacturing unit where each girl earns between Rs2,500 to Rs3,000 per month. Seventy-five girls have been trained and they have started their work units at their own home.

Another important initiative is the Samaritan Micro-Credit Programme which was started in October 2008.

Till date, 124 women have been provided loans ranging from Rs1,000 to Rs5,000 to start their own small business. This is forward integration of activities—women who have already taken vocational training at an SHM programme are provided a loan to start their own business and put their learning into action.  “We are proud of having zero defaulters,” says Mamoon.

The NGO has had the support of Sachin Tendulkar too.  On 19 May 2011, Mid-Day published an article on Samaritan Help Mission under the title “Sunshine over Howrah Bridge” and Sachin Tendulkar signed five cricket bats which were auctioned to raise funds for the organisation.

SHM is one of the few NGOs that use social media and digital technology with great success. It made news in 2012 for using Google Hangout—a group video chat feature—to teach English to 80 underprivileged children. SHM’s founders are active on Twitter, which is how Moneylife came to know about their work.

That is not all; Times Now quoted Mikael Kjellstrom as saying, “Beyond education, the School’s most outstanding achievement remains is developing compassion for fellow human beings and love for their motherland among school children.”

Donations to SHM are entitled to tax benefits under Section 80G of the Income-Tax Act.

Samaritan Help Mission
127 Noor MD Munshi Lane, Howrah-711101, West Bengal
Mobile: 9836777600 / 9331873584
Email: [email protected]




3 years ago

A child is the responsibility of the parents and NOT that of Government or NGO. Couples should think 10000 times before going for child. Their one mistake can create havoc for the Government as we have seen in India... 125 crore+ people....Difficult for anyone to manage!!! Hats off to NGOs and Government who "pay" for someone's mistake!!!

Indian-origin Kunal Shah becomes one of the youngest partners at Goldman Sachs

Shah, 32, is among the 78 individuals to be promoted as partner, and is one of the five persons of Indian-origin to have made the cut in Goldman Sachs


Kunal Shah, Indian-origin managing director at Goldman Sachs has been promoted to the position of Partner, becoming the youngest to be inducted into the global investment giant’s most coveted club.


The 32-year-old is among the 78 individuals to be promoted to this position, and is one of the five persons of Indian-origin to have made the cut in Goldman Sachs in 2014 class of Partners.


Shah was promoted to managing director at the investment banking giant at the age of 27. The Cambridge University math graduate was also named in Forbes ‘30 under 30’ Finance list in 2011.


He has been a rising star at Goldman since he joined the company in London in 2004, analysing interest rate products, before trading on the global macro desk, according to Forbes.


The other persons of Indian-origin named to GS' elite group are Meena Lakdawala Flynn, Manikandan Natarajan, Umesh Subramanian and Rajesh Venkataramani.


Goldman Sachs Chairman and Chief Executive Officer Lloyd Blankfein and President and Chief Operating Officer Gary Cohn personally called the 78 individuals to inform them of their elevation to the position of Partner, yesterday.


“These appointments recognise some of the firm’s most senior professionals and acknowledge their embodiment of our culture and values, and their leadership of the firm’s business and people,” Blankfein said in a statement. “We look forward to their continued strong performance and leadership in the years ahead.”


Goldman Sachs selects its partners every two years through an extremely secretive and rigorous month-long selection process.


The record for becoming the youngest Goldman Sachs Partner is held by Eric Mindich who was promoted in 1994 at the age of 27.


The 2014 class of Partners includes 11 women, 23 employees from investment banking, 25 from securities, 11 from investment management, four from merchant banking and three from research. They will become Partners of the firm starting 1st January next year.


Goldman now has 467 partners, an elite group that represents about 1.6% of its 33,500-strong workforce.


The position of Partner brings with it some of the biggest Wall Street perks including a lucrative paycheck with salaries of about $900,000 and a portion of the bank’s bonus pool, which is divided up among only the partners.


The partners also have access to special investment opportunities that are not available to other employees.


Goldman had ceased to be a private partnership when it went public in 1999.


But the ritual of selecting partners still remains a core and among the most coveted part of the company’s identity and culture.


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