Newsletter dated 3rd October, 2015

1. www.csrajivbajaj.com
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THOUGHT OF THE DAY
THOUGHT OF THE DAY
"The secret of success is to do the common things uncommonly
well…"
Law Updates:
 BSE, NSE to move 25 companies to restricted trade segment from
October 7. The move is part of a surveillance review and with a view to
ensure market safety and safeguard the interest of investors.
 NSE to introduce self-trade prevention mechanism from October 12.
The new facility will be applicable only to "Proprietary and Client-non
custodial participant orders.
PROFESSIONALS INPUTS:
 PAN allotment by Income Tax Department will remain suspended
between 05.10.2015 to 09.10.2015 due to PAN data migration activity.
 Vide DIPP Press Note No. 11 (2015 Series) dated 1 October, 2015
decided to allow Foreign Direct Investment upto 100% in White Label
ATM Operations under automatic route.
 Vide SEBI Circular No. CIR/IMD/DF/7/2015 dated 1 October, 2015
SEBI hikes overseas investment limit for VCs from 10% to 25%.
 Vide CBDT Press Release dated 1 October, 2015 notified Extension of
date for filing of Income tax returns and tax audit reports to 31st
October 2015.
 Vide CBDT Press Release dated 1 October, 2015 declared that 638
number of declarations have been received under the compliance
window declaring undisclosed foreign assets amounting to Rs 3770
crore subject to final reconciliation. Tax at the rate of 30 percent and
penalty at the rate of 30 percent is to be paid by 31st December 2015.
 Vide SEBI Circular No. CIR/CDMRD/DRMP/01/2015 dated 1 October,
2015 notified Comprehensive Risk Management Framework for
National Commodity Derivatives Exchanges which shall be
implemented by January 1, 2016.
MARKET WATCH:
SENSEX: 26220.95 66.12 NIFTY: 7950.90 2.00
SILVER: 34576.00 29.00 GOLD (MCX): 25825.00 -31.00
USD/INR: 65.51 -0.08 CRUDE OIL: 2981.00 2.00
CS Rajiv Bajaj
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Bajajr66@gmail.com
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Date: 3rd October, 2015

2. www.csrajivbajaj.com
Jyothi Reddy
Farm Labourer to CEO of Key Software Solutions
“Working on her a great vision to change many lives of women in
rural India…”
Mrs. Jyothi Reddy proved herself with her spectacular travel from a field
labourer to the CEO of an organization in the US. Who now owns a
software company in the United States of America and who has a great
vision to change many lives of women in rural India. "No compromise. No
condition's permanent. Nothing is impossible," are the three beliefs that
Jyothi Reddy, CEO of Key Software Solutions preaches every woman
hailing from the economically weaker section in this country.
Early life
Jyothi was born in 1970 and she was the youngest among the five girl children in a poor family in India.
Due to her family’s financial situation, she was admitted into a welfare orphanage. To get the admission,
she had to become a motherless child. It was a heart breaking situation for Jyothi as she could not see her
mother during the days when she was in the orphanage. There was nobody to share her happiness and
sorrow. Instead of getting down with the situation, Jyothi developed a strong will to make her future
bright. She promised herself to work towards creating a better life for her. She learned the way of dealing
with life in a hard and practical manner. The hardship taught her the value of life and made her think
beyond the situation.
Career
She attended a government school while at the orphanage and she also took vocational course while
residing in the superintendent’s house. Jyothi used to help her superintendent with their household work.
She realized that to lead a beautiful life, she should get a decent job first. She started thinking for the ways
to get into a job. “Man proposes and God disposes” – Same happened to Jyothi as she had to marry at 16 to
her cousin, instead of working on to make her dreams come true. After having 2 children, the situation
became even worse as she had to work in the fields for a daily wage of Rs. 5 to take care of her children.
These situations made her even stronger to stand and fight for life.
Apart from her bad financial situation, she also had to fight with family and society to do what she wanted
to do. She studied and obtained a BA from Dr. B.R. Ambedkar Open University in 1994 and studied for a
postgraduate degree from the Kakatiya University on weekends and obtained it in 1997. This made her get
a special teacher job for a salary of Rs. 398 per month. She used to travel for two hours to reach her school.
She utilized this time to sell sarees to her co-passengers which gave her some extra income. Her struggle
for life made her become conscious about the time and it showed her the ways to utilize the time available
creatively. It was not an easy journey for her to settle in the US. She had to work in a gas station, work as a
baby sitter, load/unload goods and work at a video shop for her survival. She then joined a company called
CS America as a recruiter with an aid of a close relative. Later she got another offer from a different
company, but it did not stay and she had to go back to babysitting and gas station for survival that was the
beginning of her entrepreneurial dreams. She wanted to start her own business and was looking for the
suitable line of business to start.
When she visited Mexico for stamping, she realized that she could start a consulting company as she was
familiar with the paperwork involved with the Visa Processing. With her savings of $40000, she opened an
office in Phoenix in 2011. She has been successfully running her company KEYSS since then. She is also
working on her vision which empowers the rural women with skills and makes them self-sufficient.