Surgical Strike on Black Money(Corruption)

हिंदी में पढने के लिये अंग्रेजी ख़त्म होने तक नीचे स्क्रोल किजिये।

NaMoJi did try to end corruption sincerely. However, he didn’t think over it thoroughly and didn’t consider various hindrances. Therefore, his planning looked as if it’s all “ईश्वर भरोसे”Common people suffered and would continue to suffer for quite some time whereas rich would come out safely, may be with minor scratches. Government took similar action in 1978 when no sophisticated arms were available. In spite of this that time common man didn’t suffer but those who had amassed billions worth black money escaped. Some did suffer and had used currency notes for making cigarettes. As on today there are many facilities available to make transition smooth & trouble free with 100% success. These have been discussed in earlier articles with adequatedetails. This article concentrates on the trouble less procedure.

Concern over rolling down of Rupee:

यदी आप गुगल क्रोम इस्तेमाल करते हो तो हिंदी में पढ़ने के लिये इधर क्लिक किजीये. फायर फॉक्स आय ई इस्तेमाल करते हो तो भी शायद पढ़ सकेंगे। प्रयत्न किजीये।

Rolling Down

Improves Again

 We have accepted free economy and hence Indians need to accept falling capacity of Indian Rupee while buying goods. Many economists give many reasons for this phenomenon. However none is speaking about responsibility of common citizens and politicians. There are many ways to fight this situation for success. However, mostly politicians and their toons are highly selfish and worried about their own gains even if interest of nation is jeopardized. There is necessity of forcing politicians to work in the interest of nation. They should consider themselves as true servants of nation and not rulers over citizens. If this situation is changed not only the problem about rolling down of rupee but every obstacle faced by every common man shall be over taken. The present situation should be faced with immediate solutions and long term solutions. Immediate solutions could be as follows:-

Local Body Tax (LBT):

यदी आप गुगल क्रोम इस्तेमाल करते हो तो हिंदी में पढ़ने के लिये इधर क्लिक किजीये. फायर फॉक्स आय ई इस्तेमाल करते हो तो भी शायद पढ़ सकेंगे। प्रयत्न किजीये।

LBT Affected

Government does have responsibilities towards citizens. In order to fulfill responsibilities the government needs adequate funds. The government collects these funds through tax on citizens.

Responsibility of the government is divided in to 3 parts viz. Central Government, State Government and Local bodies. Central government is responsible for certain aspects of governance like foreign policy directly and other aspects like internal security through state government. Day to day problems of citizens like water supply are looked after by the local bodies (like municipality, municipal corporations etc.). All governments i.e. central, state and local bodies collect taxes from citizens at their own level. There is no systematic arrangement for collection of taxes centrally and distribution to central, state and local bodies. This has created complication for tax collectors and payers like wholesale and retail traders. This situation does warrant attention and resolve it for easy collection, control and distribution.

Diesel Price Rise, Rationing LPG Cylinders and FDI in Retail

 

यदी आप गुगल क्रोम इस्तेमाल करते हो तो हिंदी में पढ़ने के लिये इधर क्लिक किजीये. फायर फॉक्स आय ई इस्तेमाल करते हो तो भी शायद पढ़ सकेंगे। प्रयत्न किजीये।

 
Government of India recently decided to raise price of Diesel by Rs. 5.00 per litre, placed restriction of 6 LPG cylinders for a family per annum at subsidised rates, and allowed FDI in retail area. All these decisions raised eyebrows in political field and citizens' groups. However, there is no increase price of kerosene. This has been welcomed by all. Restriction of 6 number of LPG cylinders may be increased to 9 by state government after bearing subsidy on additional cylinders. Central government has brought taxes on additional cylinders (more than 6 or 9, depending on the subsidy given by state government) to zero giving relief of approximately Rs. 97.00. However, this had been given to all LPG cylinders for domestic use. Dr. Man Mohan Singh, prime minister of India informed citizens the decision is harsh but there is no alternative solution under present circumstances. In general the decision is termed as bold but harmful to citizens because of expected price rise.

Foreign Direct Investment:

यदी आप गुगल क्रोम इस्तेमाल करते हो तो हिंदी में पढ़ने के लिये इधर क्लिक किजीये. फायर फॉक्स आय ई इस्तेमाल करते हो तो भी शायद पढ़ सकेंगे। प्रयत्न किजीये।

I have collected information from internet and news papers. There are 2 exactly opposite views for allowing FDI in retail sector although it has been accepted in other sectors like insurance, banking etc. Opposition puts forth disadvantages of FDI in retail as under:-

1.      This is exactly like permitting East India Company from UK to trade in India during 19^th century. This means the FDI investors would make India a slave country.

2.      There are over 40 million retailers in the business in whole India. They would loose their business.

Ideal FDI investors and Retailers

3.      There are over 50 million unskilled workers who would loose job and over 450 million people (including dependents of unskilled workers and retail traders) would starve.

4.      Country would became slave to western powers especially USA.

5.      FDI investors would dump foreign goods and indigenous product won't find place in the market.

6.      FDI investors can wait for making profit because of their large capacity. They can also sustain losses easily. Once they find the opponents have given up they would change their strategy and sale products at high rate.

7.      FDI investors would not give facilities like medical insurance etc.

नागरिकांचा अर्थसंकल्पात सहभाग:

महानगरपालिकांनी नागरिकांना अर्थसंकल्पात सहभागी करून घेण्याचा चांगला उपक्रम चालू केला आहे. परंतु, नागरिकांचा प्रतिसाद उत्साहवर्धक नाही. त्याला काही कारणे आहेत. त्यावर उपाययोजना केल्यास नागरिक नक्कीच उत्साह दाखवतील व महानगरपालिकांचा हेतु साध्य होईल. नागरिकांनाही ईप्सित सेवा मिळतील.

New Bank Accounts:

नया बैंक खाता
हिंदी में पढ़ने के लिये नीचे स्क्रोल किजिये।


Description of Charges Regular Savings Account Minimum Balance (Average Quarterly Balance) From HDFC Bank.

Option 1	Rs. 10,000 (Metro / Urban), Rs. 5000 (Semi-Urban / Rural)
Option 2	NIL with a Fixed deposit of Rs. 50,000

Charges on non maintenance thereof

Option 1	Rs. 750 per qtr
Option 2	In case of non maintenance of Rs. 50,000 Fixed Deposit - Rs. 750 per qtr

Cheque Book

Free - 25 cheque leaves per calendar quarter Additional chequebook of 25 leaves will be charged @ Rs 50/- per chequebook Rs. 5 per leaf on non-maintenance of min. balance.

Battle against corruption needs money transactions through banks. There are circumstances which compel citizens to follow unscrupulous methods for money transactions. People are shy to open bank account as some money is locked on their account and transactions are too slow.

Direct Tax:

हिंदी में पढ़ने के लिये नीचे स्क्रोल किजिये। धन्यवाद।
It needs to be borne in mind that minimum requirements for living must be fulfilled after tax is paid by a citizen. For this purpose needs of a lower middle class may be taken in to consideration.