INDIAN ECONOMICS: HOW REDUCE THE GOLD PRICE IN INDIAIn India gold ...

INDIAN ECONOMICS: HOW REDUCE THE GOLD PRICE IN INDIA

In India gold ...: HOW REDUCE THE GOLD PRICE IN INDIA In India gold purchasers(customers) are most of them are black money land lords particularly in Kerala...

HOW REDUCE THE GOLD PRICE IN INDIA

In India gold purchasers(customers) are most of them are black money land lords particularly in Kerala State. They are utilizing black money for procure gold from the market. The gold merchants are not asking the source of money from customers. In Kerala 50%  of the people have rubber trees more than 3 acres which producing raw materials of rubber worth yield of income 2500/- of rupees per day. They will be treated as farmers in Kerala State and they are not paying any kind of taxes to the government. Such land lords are creating money inflation in this country.

 The following measures if adopted by the Finance Minister of Central Govt can be reduce the price.

 1. To reduce gold price in India Central government to issue orders to reserve bank of India for restriction of Gold purchase from the open market for minimum 5 years.

2. Pledging of Gold for loan from the bank maximum 50% of the market rate be allowed as loan.


  

INDIAN PEOPLE CANNOT SURVIVE IN THE COUNTRY WITHOUT TAXES TO THE GOVERNMENT

Being an Indian I may not be prayed to the God for a rebirth at the time of my death in India. My early child hood I thought that the people taking birth in India are the luckiest people in the world.

I believed that the earth is created by the God and the people are theologically the son of  God.  Hence, God is the guardians of the people. The parents are the guardians of the son and daughters. The children have the full right for their properties after their death. Like wise the earth is the property of the human being. Today the government is removing earth fertile and selling to other countries. The shares of the income wealth reached to  every  people of the country, instead in addition to huge taxes imposed against the people of India.

The condition of the Indian people are very worst with huge taxes and money inflation. A person born in India he has to be paid huge taxes to the nation to survive in this country.

INDIAN ECONOMICS: FDI AND WALMART IN SMALL SCALE RETAILERS BUSINESS...

INDIAN ECONOMICS: FDI AND WALMART IN SMALL SCALE RETAILERS BUSINESS
...: FDI AND WALMART IN SMALL SCALE RETAILERS BUSINESS India had achieved the first step in increase the income to the nation out of small sca...

FDI AND WALMART IN SMALL SCALE RETAILERS BUSINESS

India had achieved the first step in increase the income to the nation out of small scale retailers business. The most of the small shop owners are not paying any kind of Income Taxes to the federal government. The Indian States government are granted lot of concession for doing business in the states to them. An example if we counted the Kerala State they have given great margin of concession for taxes ; if their sale of income per year up to 2 lac's be  exempted from the taxes. The concession of  tax shelter given by the state government most of the small business retailers are hiding taxes widely in our country. They are not submitting proper return to the government.

In our country  started with big retailers  type business, the govt can be huge benefit from income taxes. In our country 127 cores people are living, out of 50 cores are doing  small scale retailers business. If we allow every small business holders for exemption of taxes, the government is  losing financially 100 cores of rupees every year.

If big retailers entered in small business the Indian government become one of the wealthy nation in the world. Moreover,the employment of young generation will increase in our country.Good franchise shop can be open every where. The small and regional parties  are opposing to the FDI that their survival in the country become difficult and no one will contribute to an amount for the parties and not for the welfare of the public.    

SUBSIDY GIVING BY THE INDIAN GOVERNMENT IS NOT A RIGHT PATH


The Indian Government is paying subsidy for LPG, Diesel and other commodities are paper transaction in the department only. The Government is collecting huge taxes near about 32% from public those who are utilizing  such commodities. The subsidy moving by the government through paper account of plus minus calculation to the concerned finance department out of the taxes paying by the public. The subsidy introduced by the government a part of destruction of the country wealth and creating crucial stage of the public in their day to day life. As per the world records an Indian have average income per day  Rupees 22/- only. We are  paying heavy taxes of 32% out of that the income to the  government including  subsidy.In view of the above reasons neither any losses to the government for selling such items, because of the subsidy is being collected in advance from the consumers. The government declaring subsidy loss collecting out of from the taxes accumulation and nothing paying to any public as reduction.

The Government declaring that a losses in subsidy materials are totally false and making public to fool. This is happening due to unqualified bureaucratic working with ministries. To bring down the prices fluctuations of commodities we need to remove the subsidy system and reduction of taxes need. The public to hesitate such matter openly.

SUPPORTING FOR THE ANDOLEN OF ANNAHAZARE AND SWAMI RAM DEV


The people who want to eliminate the corruption from our Indian country to be united to support the andolen/hunger strike of Mr. Annahazare and Yoga Guru Baba Ram Dev  decided on 3 June 2012. Their aim to pass the strong Lokpal Bill and allow the right to public for prosecution of corrupted government servant working in the department and bring back the Black money from foreign country as an assets of  our nation, unnecessary increasing taxes, looting public wealth by the corrupted Ministers..

The public be supported for the Andolen/hunger strike lunched by them.

NATURAL RESOURCES OF INCOME IS THE PROPERTY OF THE PUBLIC AND INDIA IS NOT POOR COUNTRY


The Earth is the property of the human being. The natural resource of incomes from the earth are keeping to the  property of the government.In fact, it is not a property of the government. The earning from such natural resources of incomes are mining of Sand, Coal, Oils and Water. The profit obtaining from the natural resources are to be disbursed to the every citizen of India.The people of India have full right for snatching the benefit . In India about 121 cores of people are living and their profit comes to Rupees 2 lacks to each people as minimum in a year.

The Government is drumming that in our country cores of people are living in below poverty lines. The reason is that the government is not giving the profit to the poor people. The government do not want to eliminate the poverty from our India, because they need vote from them. India is earning every year Rupees
44,68,25,223/- from the natural resources of income from the earth.

The Indian government is hiding such profit of income and  is increasing taxes every year showing reasons one to another, but they never try to implement the relief to the public from the profit of  natural resources.

If the government doing so in future the people of India become richest in the world.

    

GOLD


The Gold selling in India have imposed for a small percentage of taxes. The taxes need to be increased for the wealth of the nation. The people of India using black money for purchase of Gold. The purchase of the gold by public normally unto one lack of Rupees is an incredible tax orders. The Pan card is essential for purchase of one lack and above amount is a good advantage to control the black money. The Indian Gold merchants are one of the great supporters to purchase the Gold through black money. The Gold merchant Association demanding for revision of taxes shall not be accepted, other wise the Government will fail to control the black money utilizing by the people. 

INDIAN BUDGET 2011-12


The Budget introduced by the Federal Govt. for the year 2011-12 is not eminent to the public. The forecast of the Indian economist are not enough to touch with the Indian per ca-pita income. As per the latest world records the Indian Income per ca-pita Rs 40/- only. Without long angle sight of the Indian economy, the budget of service taxes may lead burden to the public. The living cost will increase due to Service taxes from 10% to 12%. The prices of goods will increase abnormally.

The Govt have  hided lot of  natural income sources from the Public to increase taxes. These natural incomes are:-  1. Mining of Coal 2. Mining of Rocks, 3. Mining of sands 4. Mining of Iron ores 5. Mining of  Gold  6. Mining of oil. These assets have not shown any where by the finance minister of India in the financial Budget.His pomp and show will be the collection of taxes and how to increase taxes.

As per the world records the Indian have an income of Rs 40/- per ca-pita only.He bound to pay huge  service taxes to the government in his daily routine life .

1. Electricity Service Taxes  from 10 to 12%
2. Land Telephone service Taxes from 10 to 12%
4. Television Cable connection to service taxes 12%
5. Mobile Cards service taxes12%
6 Petrol service taxes 12%

The forecast of the public reaction will be in future how to pay service taxes of Rs 60/- from his income of  Rs 40/- per ca-pita. These will lead the nation in taxes hiding by the public to full fill the requirement of 20% of the additional burden to pay the taxes to the government.An advance country is called, the taxes decreasing slowly by the government.A taxes increasing country will be called poor country in the world.

In view of the above reasons the corruption will increase just double in the next year. The younger generation may turned to criminal mentality to live in luxury life by way of obtaining money for snatching of gold chain , house breaking, pick pocketing and so on.

Hence, the result will be poor to the country.   

WHY INDIA IS NOT DEVELOPING


The Indian Political leaders who may be ruling in our country have no good experienced advisers to the Ministers. In India there is a post for secretaries introduced to ministers are Indian Administrative Service category. Any Indian citizen who may be passed Bachelor of Degrees are entitle to take the examination of Indian Administrative Service. They become the advisers of the ministers, those who have to run the country in progressive manner. This type of categories are never established in any where in the world except India. Other countries are called them Personal Assistant.

In our Democratic country any one can raise their political imagine without any basic qualification of education and allowed for election compagin . This process allowed and adopted in our constitution of India. The bureaucratic(IAS) are advising and controlling such ministers to lead the country.They are not experienced in particular field in lower grade.

Explaining to the above reasons we need service experienced bureaucratic for good guidance. In our country such deficiencies are very high. The democratic countries  of other nations are keeping as a Chief adviser(secretary) to the ministers those who have experienced from the same field of retired directors of the service is being appointing as a Chief adviser (Secretary) to the ministers for portfolio dealing. They are the the right persons to trace out the good materials and bad materials.

For example a Minister health, the chief secretary shall be recent retired director of the same field of Medical Service, Minister of Education shall be the secretary of recent retired director of the same Education Department, Minister for agriculture shall be the secretary of recent retired director of  same agriculture department and so on....

If the country want to become lead in number one in the world,  the suggestion may be taken into consideration.

AN EXPENDITURE OF NATIONAL CADET CORPS OF INDIA

Nation Cadet Corps Expenditure is one of the worst burden to India. The training giving to the High School/Colleges students have found no useful since introduction. The students trained in soldiers discipline in early life, but they are not recruiting directly to the defense Army. They are also recruiting with general candidate competition only. Hence, the unnecessary expenditure wasting on NCC students need to be abolished to save economic crises of India . The corers of  rupees wasting against them may be reverted back and the amount can be utilized to establish Public Sector for employment to the young generation every year, otherwise the India cannot be success in near future to solve the unemployment problems.      

TENDER OF CONSTRUCTION WORKS TO CIVIL CONTRACTORS

In India the present system of tender in quotation calling for public works to cheaper quotation who submitted to the government. This practice need to be abolished from the developing country. This system will only be lead to increase the corruptions in the Official staff only. In our country after completion of the works the  contractor to be paid bribes to public servant from lower to top. Moreover the contractors are using cheaper materials to the works to gain high income and also not maintaining the proper standard in the works.

It is suggested to the government that the works to be offered to who can complete the works  in advance  from the completion period. It means the government offered the works for completion within 12 months, a person who can complete the works within 8 months and remaining the 4 months may be the profit of manpower charges of the contractor. The works offering to a cheaper contractor may create overall non standard materials. When the works expenditure preparing by the Engineers they may mention in the works sheet the name of the company material for using the construction and also manpower of the works. The tender be offered by the government to the contractors who offering completion of the works in advance.

If this procedure may adopted by the government the public servant corruption can be removed and also keep in high standard in construction works.   

GOODS TAXES AT THE STATE BOARDER


We are living in India and called as  Indian citizen. In our country some states have imposed State boarder taxes for goods moving from one state to another state. This may create the price increase in goods only. We shall to allowed free movement of goods all over the State of Indian country. The Federal government have abolished the state local taxes to decrease the price of the goods, but the state government introduced further boarder goods taxes instead the local taxes. The Kerala Government is one of the most villain to find out alternative taxes once the federal government abolished. The Kerala Government worsen the life of the public while purchasing goods in high prices. It is suggested to the Central Government to control the taxes of the state to limitations in taxes of every goods.    

DUTIES OF WORKS


In our country the works devoted to the employees are not eminent. This will create unemployment problems of the young educated people. To smooth the works of our country we need to changes the employment systems. To become a rich country of the world, the present works of the duties need to be abolished. I suggested to all over the countries to develop the nation and survive from economic, we need to introduce two shift systems in the government service to remove the unemployment problems.

1. All sedentary duties to be allotted to the ladies and other duties to be given to the gents.

2. The official works to be introduced  from  7 o'clock morning to 12  o' clock for ladies and 2 o' clock to 7 o' clock for gents. I also suggested that in India the unnecessary expenditure spending for the establishment of PSE (public service examination) and the UPS (Upper public examination) may be abolished. There is no use of  such establishment in our country. The reasons will be published in the next chapter. 

INDIAN ECONOMIC IS WORSEN BY THE INDIAN GOVERNMENT


In our country there is no salary taxes imposed by the government irrespective of  whole categories of the Government Employees/Private employees(from lower to top). The income taxes only imposed to the employees cannot meet the requirement of the deficits of the budget of the government. In the advanced country have introduce the salary taxes as a source of income to the government.This shall also be introduced by the government in future to stop the money inflation in our country and also protect from the price increase in the essential commodities. Otherwise, in future  the economy of our country will help to detroit the financial budget of our country. 

TAXES HIDING  BY LOCAL AGENT AND LOCAL BUSINESS PEOPLE.


The items selling by the people of India hiding huge amount of Taxes from the Government. They are paying a mere amount to the Government out of selling goods. In our country their is an MRP(Minimum Retail Price) shown on the packets are not real one. The production companies are selling the items to the dealers on half price of the MRP shown on the packet. The people of our country is not honest with the government. They intent to become rich in the society and grief to sell the goods by way of high marginal prices to the consumers. There is no alternative rules introduced by the government for cross check the items for verification of  the price given on the packet.

I suggested to the government of India to introduce Factory Production Taxes on the MRP price printed by the company instead sale Taxes and VAT. If it is introduced by the government, the source of income can be double the present income from the goods. The sale tax officers  to verify the items removing from the factory and stamped on the invoices and collected the Sale Tax from them then and their. The general selling people have given the right to VAT for 3% or 5% for their benefit. These income need not be  for benefit of the government but its given to them as a reward for doing business in the country. They shall be paid Income Taxes only to the Federal Government.

If it is introduced by the government the duplicate items can prevent from the market and the honesty can be restored in the country and also the deficiency of the financial crises can be solved. The important point is that the prices can be lower down by the government.   

DESTRUCTION OF FINANCE 


The Government of State/Federal are destroying our economic by way of  granting subsidy to the food items and other items in the Public Sector. The grant of subsidy to the public sector may not be able to help in increase of employees salaries, because the production cost is high and selling cost is very less.To make up the deficiency  of the financial crises by the Government  the taxes are increasing, The increase of taxes in every year, further burden giving into the shoulder of the public.
The Indian peoples pulling their families with the mere salaries shaking in their every day life. The Government
need to abolished the subsidy system from our soil immediately.

SLACKNESS OF EMPLOYEES

The Govt also introduced General Provident Fund to the employees in India for paying amount out of their salaries and for the amount they are paying  nominal interest. This is a kind of destruction of wealth to the employees, because an employee depositing 2500 rupees in a month during January , he was a good will power to purchase 1(one) gram of Gold. After 30 years of deposit in the GP Fund ; if the amount taking into calculation for refund the deposit with interest shall be getting very  value less amount to the employees. The employees depositing  amount will be calculated in grams of Gold. The amount shall be paid to the employees on accumulation of the Gold value at the time of retirement.