Saturday, 14 January 2012

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.       

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