आर्थिक – Page 30 – Dialogue India (डायलॉग इंडिया): Latest And Breaking Hindi News Headlines, News In Hindi

Sep72019 by Dialogue IndiaNo Comments

सुस्त पड़ी अर्थव्यस्था को मिलेगी रफ्तार!

केंद्र सरकार ने सुस्त पड़ी देश की आर्थिक गतिविधियों को तेजी देने के लिए बैंकों को 70 हजार करोड़ देने, इसके अलावा करीब पांच लाख करोड़ की दूसरी सहायता देने के साथ ही उद्योग जगत और मध्यवर्गीय लोगों के लिए कई तरह के उपायों का ऐलान कर दिया है। सरकार ने जो उपाय किए हैं, उनकी तफसील से जानकारी हासिल करने के पहले जानना जरूरी है कि मंदी की आहट किन-किन क्षेत्रों में सुनाई दे रही है। भारत में खेती-किसानी के बाद जो क्षेत्र सबसे ज्यादा लोगों को रोजगार देता है, वह है टेक्सटाइल सेक्टर। यह सेक्टर 10 करोड़ लोगों को रोजगार देता है। लेकिन इन दिनों इसकी हालत खराब है। इस सेक्टर की बुरी हालत को लेकर आर्थिक अखबारों ने जितनी बड़ी खबरें नहीं की, उससे ज्यादा बड़ी खबर बनी नॉर्दर्न इंडिया टेक्सटाइल मिल्स एसोसिएशन के इश्तेहार ने। जिसमें उसने कहा है कि कपड़ा उद्योग में 34.6 फीसद की गिरावट आई है, जिसकी वजह से इस सेक्टर स...

Sep72019 by Dialogue IndiaNo Comments

Postal cash-receipts should carry stickers for users of postal-services as well

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Presently system at Department of Posts is to issue computer-printed cash-receipts where the portion used by Department of Posts has sticker while the portion given to consumer is without sticker. Department of posts for convenience of users of postal-services should have sticker also in the portion given to the consumers so that they may not require gum at their end to affix it on their despatch-registers or documents etc. It will be benefit to public-exchequer also presently appreciable man-hours and gum are utilised by various public-authorities to paste postal cash-receipts on their despatch-registers. Department of Posts will not be burdened extra because even presently one of the dual-portion of same cash-receipt still has sticker on back for the portion kept by Department of Post...

Sep72019 by Dialogue IndiaNo Comments

Accountability be fixed on Chairpersons of three public-sector General Insurance for their rating-downgrade, with merger-plan implemented soon

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It refers to downgrading of rating of three out of four public-sector-undertakings PSUs engaged in business of General Insurance namely National Insurance United Insurance and Oriental Insurance as announced by global rating-agency AM Best with two of them even having an erosion in their capital. The downgrade has come after Union Budget 2019-20 proposed the enabling provision for merger of non-life insurance firms by seeking to amend the General Insurance Business Nationalization Act. It is noteworthy that these three companies are continuously showing losses in past several years, and have become a white-elephant on public-money invested in these companies. Accountability should be fixed on highly paid Chairpersons (apart from too much facilities at public-cost) of these three PSUs for l...

Sep72019 by Dialogue IndiaNo Comments

On-line exclusive booking of new LIC Tech-Term plan 854 (UIN – 512N333V01) will save lot on commission

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On-line exclusive booking of new LIC Tech-Term plan 854 (UIN - 512N333V01) will save lot on commission, but should also be available through all branches of public-sector banks It refers to public-sector LIC of India for the first time booking a new LIC Tech-Term plan 854 (UIN - 512N333V01) available only through on-line booking thereby cutting heavy cost paid to intermediaries as brokerage. Policy has new feature like lower premium for ladies and non-smokers. But since all the probable buyers of the plan may not be knowing or access to internet, experiment of selling LIC policies including Tech-Term policy should be available through special counters set up at all branches of various public-sector banks with nominal commission of half-percent. Presently nominal commission of just .0...

Sep72019 by Dialogue IndiaNo Comments

Mandatory linking of repo-rate with interest-rate should be for NBFCs also

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Recently reserve Bank of India RBI has made it mandatory for banks to compulsorily link repo-rate with interest-rate, so that loan-takers rather than loan-providing banks may be beneficiary of repo-rate cut announced by RBI. But there is no clarification in regard to Non-Banking-Financial-Companies NBFCs which continue to charge earlier increased interest-rates despite repo-rate cut announced by RBI. Earlier also RBI in its recent circular announcing total waiver of foreclosure-charges on pre-payment of loans in respect of banks deliberately and traditionally avoided applying the much-awaited decision in respect of NBFCs. Vigilance-enquiry is needed at concerned RBI division regulating NBFCs why RBI patronises NBFCs in their wrong-doings and not applying public-interest regulatory me...

Aug302019 by Dialogue IndiaNo Comments

Biggest biscuit-manufacturer denies job-cut, but does not rule out because of irrational GST tariffs

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Biggest biscuit-manufacturing company of India denies media-reports about job-cut of 10000 persons, but does not rule out because of highly irrational GST tariffs affecting sale of its confectionary items where biscuits attract 18-percent GST while rusks are in 5-percent GST slab. Presently GST-tariffs are highly irrational, confusing and improper where similar items are in different GST-brackets like 5, 12 and 18 percent. GST on harmful sweets is just 5-percent while namkeens prepared and sold by local confectioners attract 12-percent. Best is to remove all confusion by putting sweets, namkeens, biscuits, rusks and all such food-items in a common GST-slab of 12-percent for single rate-structure for products made by confectioners. GST has become additional product where most local co...

Aug302019 by Dialogue IndiaNo Comments

Special attention to top three sectors contributing to Indian economy is necessary to boost Indian economy

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Retail-wholesale trade, agriculture and real-estate are the three top-most sectors contributing to Indian economy with respectively 23, 15.7 and 13.5 percent shares. Union Finance Ministry should concentrate to develop these sectors plugging loopholes of misuse of development. On-line sale has swallowed retail and wholesale trade creating large unemployment and loss of trade and taxes. Experiment should be made on banning on-line trade or imposing strict restrictions so that consumers may find it advantageous to go to markets rather than on-line purchases. Data on agriculture is heavily polluted where contribution by agriculture to Indian economy is based on false figures because of large-scale misuse of provision of totally tax-free agricultural-income by ultra-rich persons includin...

Aug302019 by Dialogue IndiaNo Comments

Government should bear complete transaction-charges on payment made through debit and credit cards for curbing currency circulation

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It refers to RBI report released on 29.08.2019 revealing that there has been a shocking 18-percent rise in currency-circulation from that at time of demonetization of cold currency-notes of rupees 500 and 1000 on 08.11.2016 thus killing the very purpose of demonetization. This is because stress was given on small digital payments where there are regular cases of frauds affecting ordinary lower and middle income people. Currency-circulation can only be curbed by targeting bigger transactions. Rather than spending so much like rupees 4811 crores on currency-printing in the year 2017-18, study should be made if government and banks can bear complete transaction-charges on use of credit and debit cards. Presently traders having low profit-margins charge two-percent extra from consumers on paym...

Aug302019 by Dialogue IndiaNo Comments

Abolition of foreclosure-charges on pre-payment of loans still incomplete even after ten years of RBI admitting its not approving policy of foreclosure charges

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Reserve Bank of India (RBI) has once again issued circular dated 02.08.2019 clarifying that banks shall not charge foreclosure charges or pre-payment penalties on any floating-rate term-loan sanctioned for purposes other than business to individual borrowers with or without co-obligant(s). Earlier about a decade back, RBI in an RTI response dated 03.09.2009 had clearly stated that RBI does not approve policy of charging penalty or foreclosure charges. In this period of ten years, RBI had waived concept of foreclosure-charges in a phased manner rather than totally like starting from such waiver only for home-loans. But even the latest circular dated 02.08.2019 has not completely met with RBI policy of not approving foreclosure-charges as revealed in ten-years old RTI response dated 03.09...

Aug302019 by Dialogue IndiaNo Comments

Much-more required to boost economy than announced by Union Finance Minister

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It refers to high-level press-conference held on 23.08.2019 by Union Finance Minister (FM) with all the secretary-level officers joining her to reply to questions by media-persons. FM announced many measures in a bid to remove fear-psychology developed amongst tax-payers by withdrawing criminal action for normal tax-related violations. But too much attention was given to auto-industry by reducing interest on car-loans, doubling depreciation to 30-percent and announcing large-scale purchase of new cars for government departments and ministries to replace old ones. Huge purchase of new cars by government will heavily burden public-exchequers leading to tax-burden or deficit-economy both of which will result in price-increase. Even if new cars are to be purchased for governments, rule shou...