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अर्थव्यवस्था के संकट से उबरने की तैयारी

अर्थव्यवस्था के संकट से उबरने की तैयारी

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भारत आर्थिक मंदी की मार से त्रस्त होता दिख रहा है, आर्थिक अंधेरा चहुं ओर परिव्याप्त हुआ है। अर्थव्यवस्था इस समय बहुत नाजुक दौर से गुजर रही है। बेरोजगारी बढ़ रही है, व्यापार ठप्प है, बाजार सूने हंै, बड़ी कम्पनियां अपने कर्मियों की छंटनी कर रही है, ऐसे कई आंकड़ें एशिया की तीसरी सबसे बड़ी अर्थव्यवस्था के चरमराने के संकेत दे रहे हैं। सरकारी आंकड़ों के अनुसार बेरोजगारी दर पिछले 45 सालों में सबसे नीचे के स्तर पर पहुंच चुकी है और ऑटोमोबाइल सेक्टर के साथ-साथ उत्पाद काफी समय से मंदी की ओर अग्रसर है। सरकार को अर्थव्यवस्था का संकट गहराने से पहले जल्द कदम उठाने होंगे और नाजूक होती स्थिति को देखते हुए यदि सरकार जागी है तो यह शुभ संकेत है। एक तरफ केन्द्र सरकार ने अर्थव्यवस्था में सुधार के लिये प्रोत्साहन या पैकेज की घोषणा की है, जो दूसरी ओर भारतीय रिर्जव बैंक के खजाने से भी केन्द्र सरकार को 1.76 लाख करोड़ रुप...
Benefit of base-point cut in interest-rates be compulsorily passed on to old loan-takers

Benefit of base-point cut in interest-rates be compulsorily passed on to old loan-takers

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It refers to Reserve Bank of India RBI cutting a 35 basic-point cut in interest-rates to lower EMIs of loans. But in practice, such benefits are absorbed by loan-givers banks and Non-Banking-Financial-Companies NBFCs without passing on the benefit to old customers till they approach for lowering of interest-rates. In practice, very few customers approach for cut in interest-rates. Banks and NBFCs very reluctantly lower interest-rates even on being approached. Benefit of cut in basic-point of rates by RBI is used to lure new loan-takers by banks and NBFCs. System should be that banks and NBFCs may have to compulsorily pass on benefits of cut in basic-points of interest-rates to old loan-takers. Basic problem is that decision-takers at RBI react to public-needs only after decades. It took a...
RBI shields and patronises wrong-doings of NBFCs

RBI shields and patronises wrong-doings of NBFCs

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Reserve Bank of India RBI through an RTI response (copy enclosed) openly shielded wrong-doings of torturing money-lending business by Non-Banking-Finance-Companies NBFCs like an NBFC-agent rather than regulatory-authority when the central Bank provided an analytical detail on suggestions to regulate NBFCs especially in their money-recovering process from those trapped in their net through luring mobile-calls. Significantly these NBFCs dominate loan-takers through financing by public-money of public-sector banks which is also unduly justified by RBI which avoided giving data of complaints against NBFCs. RBI justified filing of court-cases by NBFCs for recovery in cities other than of loan-takers despite NBFC-office being also in the city of loan-taker simply to unduly harass loan-taker a...
Media-reports indicate that surcharge on Income Tax may hit investments

Media-reports indicate that surcharge on Income Tax may hit investments

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It refers to media-reports indicating that estimated rupees 12000 crores proposed to be earned by imposing surcharge on tax-payers in higher slabs may adversely affect investment in India. India tuned up with most other countries in the world when Raja Challiah committee report was implemented by bringing highest Income-Tax slab down to 30-percent. Tax-system should be simple-most abolishing concepts of cess, surcharge and subsidies to the extent possible. In present system with persons having assessed income upto rupees five lakhs per annum totally exempted from Income Tax, a person having income say rupees 501000 will evidently try to evade rupees 1000 from income because otherwise he would be getting exemption only on income upto rupees 250000. Basic exemption-limit should be same fo...
Remedial measures necessary in GST with rupees 45683 crores frauds detected in GST since its inception on 01.07.2019

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

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...
Punjab National Bank should clear its relation with PNB Metlife

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 ...
Recycle waste ‘In-my-Backyard’

Recycle waste ‘In-my-Backyard’

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

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

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...