आर्थिक – Page 31 – Dialogue India (डायलॉग इंडिया): Latest And Breaking Hindi News Headlines, News In Hindi

Jul212019 by Dialogue IndiaNo Comments

Remedial measures necessary in GST with rupees 45683 crores frauds detected in GST since its inception on 01.07.2019

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It refers to government-reply in Parliament that a total of 9385 cases of tax fraud involving amount of rupees 45683 crore has been detected by the tax authorities under the Goods and Services Tax (GST) regime since its rollout from July 1, 2017 out of which, 1,593 tax fraud cases involving an amount of Rs 6520.40 crore have been detected in April-June. It has become a common practice to sell GST-invoices to those availing false Input Tax Credit (ITC) when consumers do not insist on taking invoices or leave these invoices by getting some petty discount. These unused GST invoices are purchased by manufacturers to avail false ITC further leading to creation of unaccounted money thus evading even Income Tax also. ITC should be available only for trading purpose, and not for manufacturin...

Jul172019 by Dialogue IndiaNo Comments

Forms, procedures, bank-charges and interest-rates should be uniform for all banks

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It refers to state Bank of India taking initiative to do away with bank-charges for electronic bank-transfers. System should be that all requirements like Minimum Balance, interest-rates, bank-charges and other procedures may be uniform for all public-sector banks. Cover-page of pass-books should incorporate all details including even name of nominees of account-holders as submitted to the banks for convenience of account-holders so that bank-customers may not have to face problem in case of fading memory with lapse of time with account getting older. Department of Financial Services DFS and Reserve Bank of India RBI should devise common application-forms for all types of accounts to be opened in the banks including also for government savings-schemes and 7.75-percent RBI bonds. Provisi...

Jul172019 by Dialogue IndiaNo Comments

Punjab National Bank should clear its relation with PNB Metlife

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PNB Metlife is an insurance-company using logo of public-sector Punjab National Bank, but there is absolute no clarity on exact relationship between Punjab National Bank and PNB Metlife where agents of PNB Metlife lure members of public through highly lucrative investment-offers but without giving any brochure or highlights of the offered schemes on website. It is clear that no government-saving scheme presently provides annual-interest more than eight-percent that too taxable and only for senior citizens. It is impossible that any public-sector company like PNB Metlife may provide above-referred extra-lucrative scheme. Punjab National Bank should make their relationship with PNB Metlife clear through newspaper-advertisements and prominently on their websites. In case PNB Metlife is ...

Jul142019 by Dialogue IndiaNo Comments

Recycle waste ‘In-my-Backyard’

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I am inside a dark and dingy “factory” looking at plastic waste being recycled. This was after I went to see how plastic waste — from our homes — was being separated and traded by the poor in our city. “Where does this plastic go?” I had asked in Tikri, located on the outskirts of Delhi. “To Bawana and Narela (industrial areas also in Delhi),” I was told. So, here I was standing inside one of the many factories that buy this waste and recycle it. Recycling is a big word, but what does it actually mean? It goes broadly like this. This waste has to be segregated carefully as each industry can only “process” one type of plastic. It is first cleaned in vats, then boiled, heated and made to run through coils until it becomes like wire. This plastic wire is shredded into granules of plast...

Jul82019 by Dialogue IndiaNo Comments

Criticism on hiking prices of petrol and diesel in Union Budget for 2019-20

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Central government could fetch much-more revenue from some practical steps rather than by raising price of petrol and diesel by rupees two per litre in the Union Budget for 2019-20. Since distribution of petrol and diesel is done only by four public-sector oil-companies under control of Union Ministry of petroleum, new mechanism should be set up whereby prices once hiked may not be roll-back even in case of international price-fall of crude oil. Extra money so earned could be better utilised to bear loss in case of price-rise of crude-oil thus maintaining uniform pricing for quite some time rather than daily-change in prices of petrol and diesel. It is significant that price of commodities and transportation once raised because of rise of fuel-price, is never rolled back in case of fall in...

Jul82019 by Dialogue IndiaNo Comments

मुद्रा लोन पाने वाले बनेंगे भविष्य के शिव नाडार और सचिन बंसल

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तो अब यह तय ही है कि नरेन्द्र मोदी सरकार अपने 2.0 के एजेंडे के तहत देश के नौजवानों को अपना कोई पसंदीदा बिजनेस चालू करने के लिए बड़े ही व्यापक स्तर पर कदम उठाने जा रही है। उसकी चाहत है कि देश की युवा शक्ति अपने करियर के विकल्प खुले रखें। सिर्फ नौकरी पाने के लिए न भागे। वे नौकरी देने वालों की कतार में लगें। वह बिजनेस करने के अवसर किसी भी हाल में न छोड़े। नौजवानों में ऐसा करने की इच्छा नहीं हैं, ऐसी बात नहीं है। परन्तु, उसमें सबसे बड़ी बाधा तो अब तक पूंजी का न होना ही होता था। बैंकों से ब्याज पर लोन प्राप्त करना भी भगवान के दर्शन पाने से कम नहीं था। पहले तो बैंक के पचासों चक्कर लगाओ। फिर जब किसी बैंक मैनेजर को किसी नौजवान का चेहरा पसंद आ जाये, या जाति, धर्म, प्रान्त, भाषा आदि किसी भी कारण से रहम आ जाये तब शुरू होगी प्रोजेक्ट बनाकर और फार्म भरकर जमा करने की बारी। गरीब नौजवान को प्रोजेक्ट बनाना...

Jun292019 by Dialogue IndiaNo Comments

Balance in inoperative bank-accounts

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Huge balance is lying in inoperative accounts in banks with even many account-holders having forgotten about their bank-accounts. Reserve Bank of India (RBI) has introduced Know-Your-Customer (KYC) forms which has been made mandatory also for closing such inoperative accounts. Such cumbersome practice not only is causing difficulty to account-holders wishing to close their inoperative accounts, but also creating a big loss of man-hours of bank-employees apart from unnecessary data-entries and record-keeping. Frauds are reported through some bank-employees misappropriating funds in such inoperative accounts where amount is large. RBI should direct all banks to close all accounts not operated for say last three years, and send the remittance through pay-orders by Speed Post at last known ...

May252019 by Dialogue IndiaNo Comments

Price-rise in Amul-milk deferred till elections are over? Likely to be followed by others

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It refers to Milk-giant Amul raising price of milk by rupees two per litre with effect from 21.05.2019. It seems that price-rise was deferred till 2019-elections to Lok Sabha are over. But newspaper-advertisements by Amul announcing price-rise do not give price of its six-litre pack of Amul-Gold which was earlier priced illogically at rupees 312 while six-litre milk in packs of two-litres could be purchased at much lower price of rupees 297. Even with new increased price-rise six-litre Amul Gold will cost just rupees 309 (still lower than rupees 312) if purchased in packs of two litres. Still there are milk-products like buttermilk sold by milk-companies like Mother Dairy, Amul and others which are sold in irrational packs like 180, 250, 400 or 450 milli-litres rather than normal 200 or...

May252019 by Dialogue IndiaNo Comments

87-percent slash in prices of anti-cancer drugs

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Logic of companies allowed to mint money in past: NPPA should devise profit-formula for all drugs It refers to National Pharmaceutical Pricing Authority NPPA slashing prices of nine anti-cancer drugs by upto 87-percent. Big question is firstly why drug-companies were allowed to mint money in past with government-agency like NPPA in existence, and secondly why such price-slashing is not done for all drugs in one go with even World Health Organization WHO establishing that even essential drugs in India with lowest printed Maximum-Retail-Price MRP are exorbitantly priced over manufacturing-cost followed by abnormally high trade-margin between ex-factory price and MRP. High profit-margin is evident from the fact that many companies selling on-line medicines have emerged giving heavy d...

May252019 by Dialogue IndiaNo Comments

New twenty-rupee note being sold at rupees seventy in Delhi

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There was a news-item on 27.04.2019 about Reserve Bank of India RBI soon issuing new currency-notes in denomination of rupees twenty. Surprisingly the new note is openly being sold at huge premium at cost of rupees seventy in Kachcha Bazar market of new currency in Chandni Chowk (Delhi) right from the date of news-item. An enquiry from RBI New Delhi office revealed that the said new-designed note never reached at RBI New Delhi office, and was issued only from main RBI office at Mumbai. Otherwise whenever new-designed notes are issued simultaneously in different cities by RBI, usual premium is about 10-percent of the face-value of new note. Charging premium on new currency should be a punishable offence, and a raid should be conducted throughout pavements at Chandni Chowk (Delhi) and ...