I had loved our PM for his courage and some bold decisions that took the stature of hte country to another level, but locally, he has done a lot of damage by asking people to go digital and use cellphone apps to do their transactions. This has exponentially affected all the related small shops that dealt in ticketing (earned meager amounts to meet their home needs), bill collection centers, and such others, triggering an exponential loss of self-employment and loss of jobs. This has only benefitted the telecom providers and cell phone companies. On what basis is govt gettting ready to pay 7th pay commission?? When people are laid off from jobs and the salaries have been cut by half for hte existing employees, only malls and E-commercce bussiness running, what are the non-govt employees and unemployed left with in this country ?? I think it is time to tell that we as citizens oppose any recommendations of pay commision, except for minimum wage correction at the low level, and there is a need to start a movement in the country against pay commission when people with no incomes are bearing the brunt of no money and no jobs. If the govt employees are unhappy with current salaries, ask them to vacate the positions and almost everyone would want to work for lesser salaries for the govt. it is time to rise now.
For Krishna Kant--Suggestion in brief. Replace all taxes & GST with one expenditure/consumption based tax with no human intervention or paper work or tax returns. Create an environment wherein most of us have Bank Accounts. For non-cash transaction give an incentive to the consumer and the receiver--even 1% would do. Most of us withdraw money from the Banks to be spent on consumption (Personal Benefit). Ascertain total annual withdrawals of money. Work out a rising TDS against withdrawal so as to recover a NET REVENUE of 15 lakh crore revenue against present 12 lakh crore Gross Revenue collection at Central:State:Local govt levels. My guess is that a flat TDS of 15% (subject to correction) would give an yield of 15 lakh crore revenue. As there would not be any Income Tax everyone would give their best and receive Income therefor w/o any cut. The purchasing power and also household savings would go up. It would be a win win situation both for the individuals and the State. Detailed proposal available on sviss38atyahoodotcom.
IN INDIA ALL ARE THIEVES WHO ARE LOOTING THE COUNTRY FROM WHICH EVER THEY CAN BY SCAMS,DEMOTIZATION,GST,INCOME TAX RAIDS,ECONOMY DECLINE FOR SURE IN COMING YEARS,COMMON MAN AND NEEDY PEOPLE ARE SUFFERING THE MOST.
So if it is said which income earner’s group’s household savings has come down that would be better to get the nation know where it stands in equity-ladder.R.PONNAMBALAM
The income growth every year of the lower 30% and lower 50% of the earner -population of India as a proportion of India’s GDP is requested to give a proper and reliable comparison of Household savings as a proportion of the gross domestic.With all the talk of DEMO ,for and against Investment in shares and debentures is said as 3.4% the highest since 2009-2010,and it must be said from which income earners sector this has came about. In india” the poorest 30 percent, meanwhile, had just 1.4 percent of the total wealth and almost half of India's total wealth was in the hands of the richest one percent, while the top 10 percent controlled about 74 percent of it as the ex.v.P.said quoting Credit Suisse while addressing the 9th National Conference of the Indian Association of Lawyers..A recent newspaper report quoting research paper by Thomas Piketty and Lucas Chancel renowned economists web site WID.world said Income inequality in India in 1930s >Top 1% earners captured 21% of total income.In the early 1980s that dropped to 6% income for top 1%and Now it 22%income for Top 1% .It also said Over 1980 -2014 top 0.1% Earners (of India )captured a higher share of the total growth than the bottom 50% ( earners of india)(12%versus 11%) and the top 1% received a higher share of total growth than the middle 40% (29% as against23%)..It runs parallel to our Privatization era. So if it is said which income earner’s groups household savings has come d
The situation is not as good. Bank interest rates on FDR and other saving instruments have declined substantially. Prices of vegetables, fruits & various other commodities keep sky rocketing . Taxes at every stage jacks up prices & is a severe burden on the consumer. Ultimately everything boils down to the end consumer. We all are consumersburdened & stressed. The GST rates must be substantially lowered and preferably to a single slab as recommended by the Kelkar committee. The manufacturers,farmers and the Governments at State & Centre must ensure no wastages,ensure austerity, judicious expenditures & reverse the trend of 15 paise reaching the bottom to 100 paise in effective usage for the growth,development of the country besides the happiness of it's people. Very close monitoring is required. Bribes excalate costs. Our P.M. 's excellent aim is to cut it to zero. Project costs need to be effectively & efficiently worked out. Time bound executions are important. Leakages need to be severely plugged. The countrymen too must rise up to realize Duties over Rights. Ever increasing wages in Government ,organized & unorganized sectors should also be a cause of concern & reversal. Today petroleum prices are too high. Past Governments put a cess on petrol & diesel that was for building roads & infrastructure.Consumer is already paying through the cess. What is the necessity of toll taxes in a huge nation of 130 crore people. The mismatch
The situation is not as good. Bank interest rates on FDR and other saving instruments have declined substantially. Prices of vegetables, fruits & various other commodities keep sky rocketing . Taxes at every stage jacks up prices & is a severe burden on the consumer. Ultimately everything boils down to the end consumer. We all are consumersburdened & stressed. The GST rates must be substantially lowered and preferably to a single slab as recommended by the Kelkar committee. The manufacturers,farmers and the Governments at State & Centre must ensure no wastages,ensure austerity, judicious expenditures & reverse the trend of 15 paise reaching the bottom to 100 paise in effective usage for the growth,development of the country besides the happiness of it's people. Very close monitoring is required. Bribes excalate costs. Our P.M. 's excellent aim is to cut it to zero. Project costs need to be effectively & efficiently worked out. Time bound executions are important. Leakages need to be severely plugged. The countrymen too must rise up to realize Duties over Rights. Ever increasing wages in Government ,organized & unorganized sectors should also be a cause of concern & reversal. Today petroleum prices are too high. Past Governments put a cess on petrol & diesel that was for building roads & infrastructure.Consumer is already paying through the cess. What is the necessity of toll taxes in a huge nation of 130 crore people. The mismatches
