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| See also: | List of years in India Timeline of Indian history | ||||
Events in the year 1890 in India.
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| See also: | List of years in India Timeline of Indian history | ||||
Events in the year 1890 in India.
A charitable trust is an irrevocable trust established for charitable purposes. In some jurisdictions, it is a more specific term than "charitable organization". A charitable trust enjoys varying degrees of tax benefits in most countries and also generates goodwill. Some important terminology in charitable trusts includes the term "corpus", referring to the assets with which the trust is funded, and the term "donor," which is the person donating assets to a charity.
Tirumala Tirupati Devasthanams (TTD) is an independent trust which manages the temples including the Tirumala Venkateswara Temple in Andhra Pradesh, India. The trust oversees the operations and finances of the richest and the most visited religious center in the world. It is also involved in various social, religious, literary and educational activities. TTD is headquartered at Tirupati and employs about 16,000 people.
India Post is a government-operated postal system in India, and is the trade name of the Department of Post under the Ministry of Communications. Generally known as the Post Office, it is the most widely distributed postal system in the world. Warren Hastings had taken initiative under East India Company to start the Postal Service in the country in 1766. It was initially established under the name "Company Mail". It was later modified into a service under the Crown in 1854 by Lord Dalhousie. Dalhousie introduced uniform postage rates and helped to pass the India Post Office Act 1854 which significantly improved upon 1837 Post Office act which had introduced regular post offices in India. It created the position Director General of Post for the whole country.
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being.
A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the inflation-adjusted principal or "corpus" value is kept intact, while a portion of the fund can be spent each year, utilizing a prudent spending policy.
A 501(c) organization is a nonprofit organization in the federal law of the United States according to Internal Revenue Code and is one of over 29 types of nonprofit organizations exempt from some federal income taxes. Sections 503 through 505 set out the requirements for obtaining such exemptions. Many states refer to Section 501(c) for definitions of organizations exempt from state taxation as well. 501(c) organizations can receive unlimited contributions from individuals, corporations, and unions.
Nesta is a British foundation, registered as a charity, which supports innovation.
The Subramaniya Swamy Temple, Marudhamalai, or the Marudhamalai Murugan Temple, is a popular 12th-century hill temple situated in Coimbatore, Tamil Nadu, India. Built by Tamil kings during the Sangam period as indicated in the Purananuru, the temple is dedicated to Lord Murugan and is considered the Seventh House of Lord Murugan.
Endowment tax is the taxation of financial endowments that are otherwise not taxed due to their charitable, educational, or religious mission. Endowments can be up to several billion dollars at some universities, some charitable foundations, and some medical foundations.
A 501(c)(3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501(c)(3) of Title 26 of the United States Code. It is one of the 29 types of 501(c) nonprofit organizations in the US.
The Ministry of Law and Justice in the Government of India is a cabinet ministry which deals with the management of the legal affairs, legislative activities and administration of justice in India through its three departments namely the Legislative Department and the Department of Legal Affairs and the Department of Justice respectively. The Department of Legal Affairs is concerned with advising the various Ministries of the Central Government while the Legislative Department is concerned with drafting of principal legislation for the Central Government. The ministry is headed by Cabinet Minister of Law and Justice Arjun Ram Meghwal appointed by the President of India on the recommendation of the Prime Minister of India. The first Law and Justice minister of independent India was Dr. B. R. Ambedkar, who served in the Prime Minister Jawaharlal Nehru's cabinet during 1947–51.
A foundation in the United States is a type of charitable organization. However, the Internal Revenue Code distinguishes between private foundations and public charities. Private foundations have more restrictions and fewer tax benefits than public charities like community foundations.
Until 1969, the term private foundation was not defined in the United States Internal Revenue Code. Since then, every U.S. charity that qualifies under Section 501(c)(3) of the Internal Revenue Service Code as tax-exempt is a "private foundation" unless it demonstrates to the IRS that it falls into another category such as public charity. Unlike nonprofit corporations classified as a public charity, private foundations in the United States are subject to a 1.39% excise tax or endowment tax on any net investment income.
Devaswom are socio-religious trusts in India, whose members are nominated by the government and community. They oversee Hindu temples and their assets to ensure their smooth operation in accordance with traditional rituals and customs. The devaswom system notably exists in the state of Kerala, where most temples are either managed by Government of Kerala-controlled devaswoms or private bodies or families. The properties of each temple are deemed to be the personal property of the presiding deity of the temple, and are managed through a body of trustees who bear allegiance to that deity.
Guruvayur Devaswom is a Statutory and Independent body created for the governing and management of 12 temples in Kerala assigned to it. With the passing of Madras Regulation Act in the year 1817, temples were brought under the control of East India Company,a corporate organisation. The concept of temple included its premises and wealth. However, from 1925, temples were brought under government control with the passing of State Religious and Charitable Endowments Act. Under this Act, the state governments exercised power for the formation of Temple Development Boards for major temples with the members from local city.
Nagpur Municipal Corporation (NMC) is the municipal body administering Nagpur, in Maharashtra state in Central India.
The Concurrent List or List-III is a list of 52 items given in the Seventh Schedule to the Constitution of India. It includes the power to be considered by both the union and state government. The legislative section is divided into three lists: Union List, State List and Concurrent List. Unlike the federal governments of the United States, Switzerland or Australia, residual powers remain with the Union Government, as with the Canadian federal government.
Venkateswara Temple is an important Vaishnavite temple situated in the hill town of Tirumala in Tirupati district of Andhra Pradesh, built by a Tamil king and later expanded and renovated under the Vijayanagara Empire. The Temple is dedicated to Lord Venkateswara, an incarnation of Vishnu, who is believed to have appeared here to save mankind from the trials and troubles of Kali Yuga. The temple is situated at a height of 853 metres on Tirumala Hills which are part of Seshachalam Hills and is constructed in South Indian Tamil Architectural Style.
Chengalpattu District is one of the 38 districts of Tamil Nadu, in India. The district headquarters is located at Chengalpattu. Chengalpattu district came into existence on 29 November 2019 when it was carved out of Kanchipuram district after the announcement about the bifurcation of districts on 18 July 2019.
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