आर्थिक – Page 32 – Dialogue India (डायलॉग इंडिया): Latest And Breaking Hindi News Headlines, News In Hindi

Jun292019 by Dialogue IndiaNo Comments

Balance in inoperative bank-accounts

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

आर्थिक

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 ...

May152019 by Dialogue IndiaNo Comments

Maximum chargeable interest-rate from anyone by anybody should be fixed

आर्थिक

Central and state governments race for gaining sympathy of farmers by loan-waiver schemes, which in fact is more harmful for them because farmers cannot receive any bank-loan after once availing loan-waiver. This pushes them back in hands of money-lenders who take undue advantage by charging extra-ordinary heavy rate of interest. Apart from this, banks issue credit-card statements boldly depicting Minimum-Amount-Payable but credit-card users are unaware that they have to pay as much as 48-percent annual interest on availing such facility or even more in case of defaults. Moreover unsecured loans are sold by banks and Non-Banking-Financial-Companies NBFCs at times at exorbitant interest-rates crossing even 20-percent per annum. Reserve Bank of India RBI and Union Ministry of Finance s...

May152019 by Dialogue IndiaNo Comments

Same guidelines for one-rupee note like notes of other denominations can prevent selfish bureaucratic craze to waste public-money on printing uncirculated one-rupee notes

आर्थिक

Same guidelines for one-rupee note like notes of other denominations can prevent selfish bureaucratic craze to waste public-money on printing uncirculated one-rupee notes Only very few are aware of one-rupee notes having been re-issued on 06.03.2015 after being discontinued two decades back. The note earlier discontinued with those of rupees two and five was re-issued about two decades later subsequently being reprinted even now only because of bureaucratic craze of secretary-level officers of Union Finance Ministry. Only one-rupee notes bear signature of a secretary-level officer in Government of India. Other distinct feature in one-rupee note is that it is issued by Government of India while notes of all other denominations are issued by Reserve Bank of India RBI as printed on notes. ...

May152019 by Dialogue IndiaNo Comments

Income Tax and other concerned Departments must have acted in last five years against Mayawati and Akhilesh Yadav

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Income Tax and other concerned Departments must have acted in last five years against Mayawati and Akhilesh Yadav if Prime Minister considers their having acquired huge wealth and big bungalows It refers to Prime Minister in his speech on 12.05.2019 during poll-campaign for new Lok sabha targeting former UP Chief Ministers Akhilesh Yadav and Mayawati for accumulating huge wealth and creating big bungalows not only for themselves but also for their relatives. It is indeed a matter of concern that concerned government-agencies like Income Tax Department did not take any action against these political leaders on an aspect which was noted by none other than Prime Minister. It is time that Income Tax Department acts swiftly to probe income and source of wealth against political leaders d...

May152019 by Dialogue IndiaNo Comments

चिन्ताजनक है पूंजी का बढ़ता असन्तुलन

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भारत के अमीर और ज्यादा अमीर होते जा रहे हैं, गरीब और ज्यादा गरीब। इस बढ़ती असमानता से उपजी चिंताओं के बीच देश में अरब़पतियों की तादाद तेजी से बढ़ रही है। भारत के लिये विडम्बनापूर्ण है कि यहां गरीब दो वक्त की रोटी और बच्चों की दवाओं के लिए जूझ रहे हैं, वहीं कुछ अमीरों की संपत्ति लगातार बढ़ती जा रही है। देश में दसियों नए अरबपति उभरे हैं तो कुछ पुराने अरबपतियों की लुटिया भी डूब गई है। हालांकि अरबपतियों के उभरने की रफ्तार दुनिया में सबसे ज्यादा यहीं है। संपत्ति सलाहकार कंपनी नाइट फ्रैंक की ‘द वेल्थ रिपोर्ट 2019’ के अनुसार भारत में अरबपतियों की संख्या तेजी से बढ़ रही है। 2013 में यह 55 थी जो 2018 में बढ़कर 119 हो गई। फिलाडेल्फिया की टेंपल यूनिवर्सिटी के तहत फॉक्स स्कूल ऑफ बिजनेस के प्रोफेसर चाल्र्स धनराज के अनुसार पिछले कुछ वर्षों में देश का कारोबारी माहौल लगातार सुधरा है। एक ...

Apr282019 by Dialogue IndiaNo Comments

After General Insurance, public-sector LIC also slow in growth compared to private players

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Responsibility be fixed on LIC chairperson for best LIC performance Only days after it was revealed that private players are performing much better than four public-sector companies engaged in General Insurance, now Life Insurance industry has also shown just 5.7 percent growth as compared to 22-percent growth witnessed by public-sector LIC. Sincere efforts need to be made for retaining lion-share of public-sector LIC of India in Life Insurance Industry in larger public-interest. Private insurance-companies dominate consumers against consumer-interests after they are trapped in their hands through gimmick offers and extra large work-force for public dealing. LIC should total overhaul its working by imposing responsibility on LIC-chairman to ensure that LIC growth-rate may not be less...

Apr222019 by Dialogue IndiaNo Comments

Poll-promises for traders by Prime Minister

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GST be completely overhauled and simplified: Torture by NBFCs and private banks be stopped for unsecured loans It refers to Prime Minister on 19.04.2019 addressing traders at Talkatarora Stadium at New Delhi making poll-promises like rupees 50 lakh loans without collateral security, pension and credit-cards for traders, confessing difficulties faced by traders in implementation of GST. But nothing will improve till GST-structure is totally overhauled in one go rather than in parts to the extent that traders and others under GST network may be able to file GST-returns themselves that too in a manner that tax-evasion for GST and subsequently Income Tax may not be possible. There must be only two basic GST-slabs of 10 and 30 percent respectively for commodities and services of day-to-da...