आर्थिक – Page 36 – Dialogue India (डायलॉग इंडिया): Latest And Breaking Hindi News Headlines, News In Hindi

Jan52019 by Dialogue IndiaNo Comments

Demonetization of rupees-2000 notes can undo wrong implementation of earlier demonetisation of 08.11.2016

Media-reports confirm about printing of rupees-2000 currency-notes by Reserve Bank of India RBI after about two years of launch to meet emergency situation subsequent to demonetization on 08.11.2016 of earlier notes of rupees 500 and rupees 1000. Ruppes-2000 notes worth rupees 6.73 lakh crores were there in circulation on 31.03.2018 which accounted for 37-percent of total currency worth rupees 18.03 lakh crores on that day. Since rupees-2000 notes not commonly seen are mainly hoarded as unaccounted currency and for illegal currency-circulation, even a currency-crunch developed in the country some time back. Even though demonetization on 08.11.2016 was a bold step for checking unaccounted deals, yet poor and unplanned implementation could not give the desired results with currency-cir...

Jan22019 by Dialogue IndiaNo Comments

Income Tax exemption be on Pradhan Mantri Vaya Vandana Yojana also

आर्थिक

Single unified investment plan necessary for senior citizens through all branches of public-sector banks Investment-limit in Pradhan Mantri Vaya Vandana Yojana (PMVVY) through Life Insurance Corporation (LIC) of India with eight-percent annual income-yield since has been increased to rupees 15 lakhs per individual senior citizen, rather than earlier rupees 7.5 lakhs per couple. But investment under this scheme is not exempted by section 80C of Income Tax Act, while investments under other pension plan Jeevan Akshay-VI of LIC of India is exempted under Income Tax Act. Central Board of Direct Taxes (CBDT) should provide benefits of tax-exemption to investment in PMVVY also. There are two exclusive investment-plans in government savings-schemes for senior citizens with higher inte...

Jan22019 by Dialogue IndiaNo Comments

Only 35 out of total 543 Lok Sabha constituencies witnessed complete utilisation of MPLADS funds

Jan22019 by Dialogue IndiaNo Comments

Bank and other details should be incorporated in PAN-card rather than in Income Tax returns

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Problems are experienced in getting Income Tax refunds whenever some assesse changes bank other than that mentioned in Income Tax returns. Many banks are in process of changing account-numbers due to technical reasons. In such cases, refunds sent electronically are bounced back causing great difficulty to the assesses. System should be modified whereby all possible details about PAN-card holder including bank-details, passport-details, mobile-number, e-mail ID, aadhar-details, voter-card number and all other available details are registered in data of PAN-cards with Income Tax department. Provision should be there whereby PAN-card holder may be able to modify or change any of the details by getting One-Time-Password (OTP) on mobile-numbers and uploading relevant documents for verification ...

Jan22019 by Dialogue IndiaNo Comments

All savings-schemes should be available through all branches of public-sector banks

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All savings-schemes including at post-offices, RBI bonds and LIC pension-plans should be available through all branches of public-sector banks abolishing commission to agents The then Finance Secretary Dr Hansmukh Adia vide a demo-official letter dated 07.02.2018 transferred suggestions about making available all government savings-schemes including all those available in post-offices, RBI-bonds bearing 7.75 percent annual-interest and LIC pension-plans including Jeevan Akshay and Pradhan Mantri Vaya Vandana Yojna in all branches of public-sector banks to Rajiv Kumar, the then Secretary of Department of Financial Services. These detailed submissions also suggesting linking of every branch of all public-sector banks to some nearing unit of LIC of India, were also posted on 02.02.2018 at ...

Jan22019 by Dialogue IndiaNo Comments

New twenty-rupee currency-notes now issued to complete new-designed series in two years

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Reserve Bank of India (RBI) has announced issue of new-designed rupees-20 currency-notes, last under new series of smaller-sized currency-notes in different denominations issued in phases but completed in more than two years when first notes in denominations of rupees 2000 and 500 were issued soon after demonetization on 08.11.2016. It is true that notes in denominations of rupees 2000 and 500 were issued in emergency conditions to meet big challenge of demonetisations. But issue of notes in rest other denominations of rupees 10, 20, 50, 100 and 200 must have been simultaneous to avoid repeated changes in ATMs costing heavily to banks. Otherwise also new series of coins or currency must be issued simultaneously in all denominations rather than in phases. Since currency-notes in denom...

Dec232018 by Dialogue IndiaNo Comments

Reduce validity of demand-drafts to check Benami demand-drafts

आर्थिक

Reserve Bank of India (RBI) and Union Finance Ministry should look into serious issue of black-money transactions through benami demand-drafts/pay-orders where such instruments continue exchange of hands like currency. Even there exist certain firms which act like a sort of ‘banker’ where demand-drafts/pay-orders made in their names are easily accepted in markets, and these firms give cash after deducting their commission to holder of such demand-drafts on a date nearing validity-period. Now with numerous households connected with banks under Pradhan Mantri Jan Dhan Yojna, stress should be on banking-transactions replacing cash-dealings. Validity of demand-drafts should be further reduced to 45 days with compulsion of printing name and account-number/address of purchasers on these instr...

Dec232018 by Dialogue IndiaNo Comments

Two bank-strikes to affect badly: Permanent solution should be evolved

आर्थिक

Total banking-system is likely to be paralyzed with bank-officers and other staff-unions of public-sector banks going on strike on 21st December 2018 and 26th December 2018 with only 24th December 2018 being the banking-day with three holidays of Saturday, Sunday and Christmas Day. It is unfortunate that officers and staff-unions conspirated to have strike on two nearing different dates in a bid to paralyze banking-system harassing common public. Bank-strike has become a usual phenomenon requiring some permanent solution. Recommendations of pay-commissions should be applicable for all public-sector-undertakings including banks. Even persons on top posts like President, Vice President and Supreme Court judges should get salaries and post-retirement benefits equivalent to highest-paid bur...

Dec232018 by Dialogue IndiaNo Comments

Two-rupee coin should be discontinued rather than one-rupee coin

addtop, TOP STORIES, आर्थिक

It refers to media-reports that central government is going to discontinue minting of one-rupee coin because of high minting-cost of rupees 1.11. Any such decision is anti-consumer, and will tend to raise prices of many such commodities which are presently priced at rupee one. Minting-cost is one-time spent on a coin with extra long life. It is ridiculous that central government despite adverse opinion of Reserve Bank of India RBI re-introduced one-rupee note on 06.03.2015 which has high printing cost of much more than rupee one and a very short life only for bureaucratic-craze of having signature on the note which is signed by an officer of Secretary rank while notes of all other dominations bear signature of RBI governor. Central government and RBI should produce coins only in denomin...

Dec232018 by Dialogue IndiaNo Comments

Subsidy to encourage e-cars and levy on new cars to discourage: Other measures necessary

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It refers to media-reports that central government is planning a heavy subsidy of rupees 50000 on purchase of e-cars while levying levy of rupees 12000 on purchase of new cars to discourage their sale. Both the steps are grossly inadequate to practically discourage sale of traditional cars driven by petrol and diesel. With procurement price of both petrol and diesel being almost same, diesel is priced cheaper because it is used in commercial vehicles. Production of diesel-driven cars is gross misuse of having price of diesel less than that of petrol. There must be a complete ban on production of diesel-cars. All cars must have engines capable of being driven by petrol and CNG both. To discourage production of bigger cars occupying more space in road and parking, GST, road-tax, insura...