Sunday, 2 July 2017

GST or Goods and Services Tax has been introduced

From July 1 inwards there will be single tax code for goods and services. And producers do not have to pay tax at borders of every state. One tax to the central government is enough. But Indian economy functions by itself, people make things(on small scale)which other people need. And the poor work as laborers, drivers,carpenters, masons, maids, baby sitters etc etc and none are having fixed wages or recorded incomes. So how is GST going to bring "ALL" under tax scheme.
After demonetization policy implemented seven months ago, this is going to affect Indian economy in a big way. Although it is assured that in two years after GST, economy will improve, there is no guarantee. Because economic forces all around the world is going to affect India drastically.
India needs a different strategy for growth. Like we need to teach the small entrepreneurs to make products which can be exported. Fertilizers(chemical) will be provided to the farmers without tax and with subsidies. But the chemical harms the people who consume the crop used to grow on these. There is no promotion for natural fertilizers like neem or organic fertilizers like cow dung. All these is not thought through. God save us from these policies.

Friday, 9 June 2017

PAN card will be linked with Aadhar card

Income tax is filled using PAN car. And Aadhar care uses bio-metric data(iris pattern and fingerprinting) to  document citizens. Linking the two will be mandatory from next assessment year. Making Aadhar card is against law as only criminals can be finger printed and the individuals' rights are important in a democracy.Moreover government has not taken care to make sure that there is no data leak..The firms making the Aadhar card are themselves private and not government's organization. Government has given some parts of Aadhar data to foreign governments. People are suffering in India because of unjust policies make by government.No regard for privacy of citizens and haphazard policies deny citizens of India their basic rights.

Friday, 24 February 2017

Achievements and failures

India has launched 104 satellites from a single launch pad last week. Indian scientists at ISRO are highly capable and have developed so much sophistication that that they have no parallel. Indian mind in modern era has contributed much to the development of science. This is because education has reached the masses and the potentialities of individuals has been realized. What ever the conditions may be the scientist's achievements have to appreciated. Not just these scientists, Indian engineers all over the world are working hard to make life better for all
It has become a custom to associate India with extreme poverty, over-populated cities, terrible pollution and so on. But the reality that Indian mind is brilliant is not at all publicized. Even if it is not know or popularized, Indians are fine scientists, engineers, doctors teachers and excel in all professions. Urban India did very well.
Rural India is not doing well. Not enough schools for the common person. Rural employment schemes like MGNREGA are failures.  While given chance of good school, Indians achieve great deal, nation's development scheme like the MGNREGA have failed to a great extent. Infrastructure created like roads and wells are not good enough to be used. There are leakages because of which the poor are not benefiting from the schemes. Industrialization of farms has not taken place. Thanks to the climate, enough crops are produced to support the population of India. And many agricultural products are exported too

Saturday, 17 December 2016

Can demonetization lead to digitization

When it was announced that upto 2.5 lakhs of Rupees can be deposited in each account.. "Jan Dhan" accounts of the poor got 2.5 lakh deposits.. That means that their employers had given then this money to be chagned to new currency. But this was a trap.  What amount of money is being deposited in banks is noted by taxation department. And those with more than their capacity are being questioned.. Along with bio-metric tracking by Aadhar IDs which linked to bank accounts, present government seeks to rule over the lives of Indian people.Using technology government wants to make sure that  all individuals are equally poor(devoid of liquid money) But the common Indians do keep money in form of gold. And the government wants to stop that by raiding people's homes and track gold too. But Indians will find a way to hide that too. So demonetization has been an unsuccessful exercise as controlling people's wealth is indeed impossible. As all humans, Indian seem to want to earn and hoard wealth. Can human nature be changed? No it cannot be no it cannot be.

Tuesday, 6 December 2016

Dedemonetization of the Rupee notes 500 and 1000

Giving "poor"persons rights does not mean ruination of the economy. The Prime Minister introduced demonetization of the Indian currency. The 500 and 1000 Rupee notes are are of no value now. In their place new 2000 Rupee notes are now exchanged by the banks for 50 days(from November 9 till December 30). After that the old notes have no value. This was meant to end corruption and black market. But new markets are being created now. The banner of " for the poor people" is now adversely affecting the people. "Garib log" means the "poor people" but how can you categorize people like that? Farmers are given 25000 Rupees in their accounts so that they can buy seeds. But before this news reaches them the "sowing time" is over. Not all farmers have accounts and not all can demand their dues. What about other occupations? Workers, service-men--plumbers,electricians, masons, artisans,traders, push-cart vendors, rickshaw pullers and so many other skilled and semi-skilled person? Not all are having bank accounts. They are paid for their work in cash and now nobody can be paid as the old currency is no longer valid.
Equalizing  is not just possible just by snatching away money. The Prime Minister says that we are becoming a cashless economy, we are only becoming cashless beings.

A great leader passed away

The state of Tamil Nadu had a fine leader who looked after the welfare of the masses. She was Chief Minister Jayalalita. She had died yesterday at the age of 68. She had been elected six times and had a 35 year old political career. She had taken great efforts to get drinking water to the people. She had tried hard to get electricity to all. She had made mid-day meals scheme successful in schools. She had provided scholarships to girl students. She helped those who came to her seeking help. Now people of Tamil Nadu mourn her death

Tuesday, 8 November 2016

Rupee notes of 500 and 1000 values are not legal tender anymore

In a drastic move, the Prime Minister had said in his address to the nation has said that the 500 Rupee notes and 1000 Rupee notes are just pieces of paper. For next two days banks and ATMs will remain closed. After that persons with accounts can deposit their notes declaring where they got it from. But most small businesses in in India depend on just cash currency. They do not go through banks and electronic transactions.
And the really poor persons do not have bank accounts, where will they go.
People will certainly become uneasy over these moves. From now on people will use silver coins as currency and store their wealth in gold. And this "storage mode" will stop businesses from functioning as cash is frozen.