Tuesday, 2 February 2016

TIME IS NOW !


Quoting from a news-report ( HT / 02 Feb 2016 ) :

At a recent World Economic Forum summit in Davos, Shri Arun Jaitley had said , India needs some additional growth engines , indicating that the focus would shift to reviving PRIVATE investments


Senior Govt officials said," The incentives could be in the nature of TAX CONCESSIONS "


DIPP Secretary , Amitabh Kant added ,  " For the Indian economy to continue to grow, it has to be on the back of DOMESTIC  PRIVATE  SECTOR  investments ..... for a continuous robust growth , investments from the PRIVATE  SECTOR , have to be ramped up "


Let us not keep fooling ourselves  !

Prey  !  From where do the so called PUBLIC SECTOR investments come from ?


It is PRIVATE MONEY  !  Just re-routed by governments , using yours and mine tax money  !


That is, whatever gets left ( of that tax money ) after expenses of running the government


Apart from that ,

*  Re-routing tax money through PUBLIC SECTOR investments, is a very slow / cumbersome process

*  Persons who manage those investments are rarely made " accountable " for profits / dividends

*  Since tax-payers do not get immediate benefits from such re-routing , it gives rise to tax evasions

*  Tax evasions lead to generation of BLACK MONEY and CORRUPTION


And no political party would advocate " raising of taxes " so that , on 29 Feb 2016 , Shri Jaitley could allocate

*  ONE TRILLION DOLLARS ( Rs 70 lakh*crore ) each to , Piyush Goyal / Suresh Prabhu / Nitin Gadkari / Ravi
    Shankar Prasad / Uma Bharati / Venkaiah Naidu / Rajiv Pratap Rudy etc


and


*  TEN TRILLION DOLLARS each to , Manohar Parikar ( Defense ) and Nirmala Sitharaman ( Make in India )



WHERE  CAN  WE  FIND  THAT  GROWTH-ENGINE  ?


In my email ( 08 April 2014 ) , I wrote to Shri Narendra Modi :

*  Create Infrastructure SPVs

*  Allow people to invest in these directly and make " returns ( interests / dividends ) " , tax free

*  Amnesty Scheme for funds invested in such SPVs ( no questions asked as to the source of funds invested )

*  An " INVERSE  TAX " regime for Personal Income Tax  ( with decreasing tax-rates for each higher slab )


Later emails recommended :

*  Encourage CREATION of WEALTH by total abolition of Personal Income Tax

*  Decreasing Corporate Income Tax , linked to number of permanent employees


I hope Shri Jaitleyji does not treat these as POPULIST measures and keep tinkering with  80ccg /  80dd / 80ddb / 80e / 80g /80gg /80ggc / 80tta  / 80u / 24b ....etc  !


Time now is for embracing   TRANSFORMATIONALIST   measures

It is time for the Butterfly to emerge from its cocoon  !


-----------------------------------------------------------------------------------------

hemenparekh.in / blogs

03  Feb  2016

------------------------------------------------------------------------------------------

Make    Yourself    Heard

Dear Visitor :

It is time for YOU to speak up - and demand that YOU are heard

By emailing this suggestion - incorporating your OWN improvements - to the following Policy Makers

(  Just multiple copy all the following Email IDs into the Recipient column of your Outlook and Copy / paste this suggestion in the Message Box ) :


    narendramodi1234@gmail.com; 38ashokroad@gmail.com;ajaitley@del5.vsnl.net.in; jayant.sinha19@sansad.nic.in;piyush.goyal@gov.in;nitin.gadkari@nic.in; spprabhu1@rediffmail.com;bandaru@sansad.nic.in;smritizirani@nic.in;nsitharaman@nic.in; ravis@sansad.nic.in;sureshprabhu@irctc.co.in;prakash.j@sansad.nic.in;secy-ipp@nic.in; amitabh.kant@nic.in; shaktikanta.das@nic.in; rsecy@nic.in; adhia1981@gmail.com; ceo-niti@nic.in; atul-chaturvedi@nic.in; uma.bharati@sansad.nic.in; d.pradhan@sansad.nic.in; rprudy.office@gmail.com; rudypr@rediffmail.com; eam@mea.gov.in; mosvks@mea.gov.in; mvnaidu@sansad.nic.in; mnaqvi@sansad.nic.in; rao.inderjit@sansad.nic.in; mljoffice@gov.in; sadananda.gowda@sansad.nic.in; ministerminority@gov.in; najmah@sansad.nic.in; minister-ca@nic.in; ramvilas.paswan@sansad.nic.in; gandhim@sansad.nic.in; akumar-alpha@sansad.nic.in; jpnadda@sansad.nic.in; hm.moca@nic.in; geete@sansad.nic.in; simratbadal@yahoo.com; ns.tomar@nic.in; rmsingh@sansad.nic.in; tc.gehlot@sansad.nic.in; dr.harshvardhan@sansad.nic.in   


  

     




No comments:

Post a Comment