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Ten-fold jump of stop-filers of Income Tax returns in year of demonetisation

Ten-fold jump of stop-filers of Income Tax returns in year of demonetisation

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Media-reports about number of stop-filers of Income-Tax returns jumping 10-fold to 88.04 lakhs in the fiscal-year 2016-17 of demonetisation as compared to 8.56 lakhs in the previous year 2015-16 highest in last tow decades is just contrast to success-claim for  of demonetisation citing addition of 1.06 crores new tax-payers in the year 2016-17 which was 25-percent higher as compared to the previous year 2015-16. It is also noteworthy that target of direct-tax collection for recently closed fiscal-year 2018-19 could not be collected despite best of last-days efforts of Central Board of Direct Taxes CBDT. It creates doubts about downfall in trade-activities and fall in number of jobs which is certainly a cause of worry for fiscal-system. Another notable feature is 19.14 percent rise in cu...
Steep and continuous rise in Sensex

Steep and continuous rise in Sensex

addtop, आर्थिक
It refers to continuous steep rise in Sensex already touched record-high of about 39000 and not yet over, started from just 100 in the year 1979. An investment of rupees one lakh in the year 1979 if made and regulated carefully and wisely could have resulted in rupees 3.9 crores now on 40th anniversary of Sensex in India. While at one hand, such rise in Sensex is a positive index of industrial growth, but on the other hand there is always fear of bursting of such blown-up balloon of Sensex like happened in case of property. While investors in property for multiplying investments were affording rich, investment in shares is done by even ordinary middle-class people who may not be able to bear any possible steep fall in Sensex. Such regular steep rise of Sensex indicates extra-ordinary...
Central government should study of abnormal heavy discounts on on-line sale

Central government should study of abnormal heavy discounts on on-line sale

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Multi-page super-costly advertisements are usually seen in leading newspapers offering extra-ordinary heavy discounts on popular-branded electrical and electronics items. Even extra heavy discount is added if items are purchased through credit-cards issued by some specific banks. Discussion with dealers all over the capital city of Delhi investing hugely for trade of these items revealed that companies sell all their obsolete models and returned items after claim lodged by consumers through such on-line sale. If it is really so, then all such media-publicity should be directed to compulsorily boldly mention about such bitter reality. Obsolete models and returned items on claim can then also be sold through dealer-network abolishing warranty-conditions and clearly mentioned on items and ...
Central government should regulate pricing of printer-cartridges of computers and standardise for drastic cut in prices

Central government should regulate pricing of printer-cartridges of computers and standardise for drastic cut in prices

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Newspaper-advertisements have appeared wherein a leading multinational brand has come out with original ink-cartridges for its laser-printers available at just rupees 846 MRP with average print-cost for a paper-sheet just 33 paise using original cartridge. But the largest-selling multi-national company of computer-printers in Indian market Hewlett-Packard HP has still Maximum-Retail-Price printed on ink-cartridges exorbitantly high even though its original cartridges available in wholesale markets of Nehru place and Nai Sarak in Delhi at much-much less than printed MRP. Even wholesale price for its ink-cartridges of laser-printers remains much higher around rupees 3000 making some Indian manufacturers marketing re-filled cartridges at around rupees 700 or so. Even re-fill can be done at...
IDBI Bank to be considered as private bank after LIC of India gets 51-percent stake?

IDBI Bank to be considered as private bank after LIC of India gets 51-percent stake?

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It refers to media-reports that public-sector IDBI Bank will be considered as a private-sector bank after public-sector LIC of India gets 51-perecent controlling stake in IDBI Bank. Undoubtedly IDBI Bank till now was not listed amongst other public-sector banks because earlier it was a government-owned Financial Institution and thus a public-authority. Also LIC of India as public-sector autonomous body has its own style of professional functioning. There are also reports that the bank will be named as LIC IDBI Bank. Confusion must not be created about IDBI Bank under control of LIC of India to be a private bank. The bank should be categorised as premium public-sector bank which may provide fancy banking on lines of private-sector banks with higher service-charges but with five-starred f...
Standardize consumables in car-industry

Standardize consumables in car-industry

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Union government should induce standardization of common accessories like tyres and batteries so that same parts may be used in different models of cars produced by various car-manufacturers. It will heavily bring down cost of consumables through their bumper production in extra large numbers in some limited sizes and specifications. It can be achieved by merging some nearing sizes and specifications. Such guidelines though also mentioned in auto-policy of Union government, are never followed in actual practice. Too many variants of any car-model confuse customers. There may be just two variants apart from the third with automatic gears, one basic Lx for economy customers and the other Vx with all company-fitted extra accessories and luxuries for affording customers. There is no sense in ...
Air-travel at government-expense should be only in economy class

Air-travel at government-expense should be only in economy class

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Huge amount of public-money wasted in allowing those in legislature, judiciary, bureaucracy and officers of public-sector-undertakings to travel through super-costly Business-Class rather than Economy-Class in domestic flights. It is significant that all those travelling at public-expense if travelling through biggest domestic airliner Indigo have to travel in Economy-Class because fortunately Indigo does not have any Business-Class. If travel can be made in Economy-Class in Indigo flights, there is no reason that those travelling in Business Class of other airliners may not be able to travel in Economy-Class of other airliners having separate Business Class. However all airliners can be directed to reserve first two rows of Economy Class for those presently entitled for travel in Business...
Now 20-rupees coin being forced with public already bearing unpopular 10-rupee coins

Now 20-rupees coin being forced with public already bearing unpopular 10-rupee coins

आर्थिक
It refers to shocking announcement coming from Coin and Currency Division of Department of Economic Affairs (Union Finance Ministry) about double-coloured 12-edged polygon dodecagon-shaped 20-rupee coins with diameter of 27 millimetres. Decision comes at a time when general people are not at all comfortable with prevailing 10-rupee coins already in circulation for last so many years. Frequent reports of unacceptability of these 10-ruppe coins has even led Reserve Bank of India RBI issuing warning for legal action against those not accepting 10-rupee coins. It is beyond understanding who at Union Finance Ministry takes such unwise decisions like the present one of issuing heavy twenty-rupee coins. Otherwise also, system must be to issue either currency-note or coin of a particular denomi...
Both coin and currency-note must not be for particular denomination

Both coin and currency-note must not be for particular denomination

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It refers to Reserve Bank of India RBI warning that refusing to accept ten-rupee coins can end up in facing legal action. It is a common knowledge that people in general do not like having bulky ten-rupee coins also because fake ten-rupee coins are much in circulation. There must be a policy whereby coins and currency-notes in same denomination may not be simultaneously in circulation. Presently denominations of rupees one and ten are two such denominations for which RBI issues both coins and currency-notes. Minting of unpopular ten-rupee coins should be immediately stopped and plastic-notes of ten-rupee denomination having much longer life should be issued as was announced long back by the then Union Minister of Finance Namo Narain Meena on 12.03.2013 in a written reply in Rajya Sab...
Torturing unsecured loans by banks and NBFCs should be banned

Torturing unsecured loans by banks and NBFCs should be banned

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Non-Banking-Finance-Companies NBFCs and banks lure people through mobile-calls for getting unsecured loans without any collateral security on post-dated cheques or banking-instruction for auto electronic-clearing for Equated Monthly Installments EMIs. But when are somehow not able to clear EMIs on presentation, then these money-lending companies badly torture loan-takers through ugly threats in full voice. Legal notices sent are shown delivered by conspiring with private courier-agencies. What more, money-lending companies file court-cases in far-away cities other than of the loan-taker despite office of the company also being situated in the city of loan-taker so as to unduly harass the loan-taker. Mobile-calls for luring such loans should be totally banned. Terms must be so regulat...