Saturday, January 28, 2017

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Wednesday, January 25, 2017

President Pranab Mukherjee addressing the nation



President Pranab Mukherjee addressing the nation on the eve of 68th Republic Day at Rashtrapati Bhavan in New Delh





President Pranab Mukherjee on Wednesday batted strongly for simultaneous elections to Parliament and Assemblies and backed the demonetisation drive, two issues on which the government has focused its attention.
He asked the Election Commission to carry forward the idea of simultaneous polls in consultation with political parties.
In his Republic Day eve address to the Nation, the President also asserted that the country’s strength lies in is pluralism and diversity and that India has traditionally celebrated the argumentative” Indian; not the “intolerant” Indian.
“Multiple views, thoughts and philosophies have competed with each other peacefully for centuries in our country. A wise and discerning mind is necessary for democracy to flourish,” he said.
Mukherjee underlined that strengths of India democracy but cautioned against disruptions in Parliament and State Assemblies.
“We have a noisy democracy. Yet, we need more and not less of democracy,” he said.
But, he said, it is right time to acknowledge that systems are not perfect and those imperfections have to be recognised and rectified.
“The settled complacencies have to be questioned. The edifice of trust has to be strengthened. The time is also ripe for a constructive debate on electoral reforms and a return to the practise of the early decades after independence when elections to Lok Sabha and state assemblies were held simultaneously.
“It is for the Election Commission to take this exercise forward in consultation with political parties,” Mukherjee said.
The President said the depth and breadth of Indian democracy sparkles in the regular elections being held in panchayati raj institutions.
“And yet, our legislatures lose sessions to disruptions when they should be debating and legislating on issues of importance. Collective efforts must be made to bring the focus back to debate, discussion and decision-making,” he said.
Read: Full speech of President Pranab Mukherjee’s address on Republic Day eve
On demonetisation, the President said it may have led to “temporary” slowdown in economy but will bring more transparency in the system.
“Demonetisation, while immobilising black money and fighting corruption, may have led to temporary slowdown of economic activity. As more and more transactions become cashless, it will improve the transparency of the economy,” Mukherjee said.
“In the first half of 2016-17, it grew at a rate of 7.2 percent – same as that last year – showing sustained recovery. We are firmly on the path of fiscal consolidation and our inflation level is within comfort zone,” he said.
The President said what has brought thus far will take the country further ahead but country will have to learn to adjust our sails, quickly and deftly, to the winds of change.
“More than the unison of ideas, a healthy democracy calls for conformity to the values of tolerance, patience and respect for others. These values must reside in the hearts and minds of every Indian; inculcating in them a temperament of understanding and responsibility,” he said.
Advising people to remember that the tree of freedom needs constant care and nourishment, Mukherjee said along with the rights which have been conferred to use because of democracy there are responsibilities which have to be discharged.
“Born in independent India, three generations of citizens do not carry the baggage of colonial past. These generations have had the privilege of acquiring education, pursuing opportunities and chasing dreams in a free nation. This sometimes makes it easy for them to take freedom for granted; to forget the price that extraordinary men and women paid to win this freedom; to forget that the tree of freedom needs constant care and nourishment,” Mukherjee said.
He said democracy has conferred rights on each one of us but along with these rights, come responsibilities which have to be discharged.
The President said youth today are brimming with hope and aspirations.
“They pursue their life goals, which they perceive will bring them fame, success and happiness, with single-minded devotion. They consider happiness as their existential objective, which of course is understandable. They search for happiness in the highs and lows of day-to-day emotions, and in the fulfilment of the objectives they have set for themselves,” he said.
He said the country needs to work harder on the fronts of reducing poverty, to provide food security, to provide enhanced employment opportunities, to provide safety and security to our women and children, to prevent environmental and ecological de-gradation by changing consumption patterns.
Mukherjee said the country needs to work harder to keep at bay the dark forces of terrorism and to ensure the well- being of our soldiers and security personnel.
“We have to work harder because our pluralistic culture and tolerance are still being put to test by vested interests. Reason and moderation should be our guide in dealing with such situations,” he said.

COME TO AUSTRALIA

Tuesday, January 24, 2017

AFTERMATH OF JELLIKATTU

Is it the love for Tamil culture that has brought tens of thousands of youngsters to the streets in Tamil Nadu in the name of jallikattu, virtually holding the state government hostage and putting the Union government in a fix? Yes and no.
For the protester and the sympathiser, it is a fight for one’s cultural heritage being trampled upon by biased, insensitive, even ignorant, decision makers. Look beyond the placard-holding student who boycotted classes to be a sentinel of Tamil culture on the Marina beach and you see a deeper reason: angst of a second generation muffled through systemic de-politicisation of campuses.
What makes this reading difficult for even the discerning is that the protestor himself is not conscious that he represents a generation denied the right to stand up and be heard. With the last of powerful leaders gone with Jayalalithaa’s death, what we see today could be an eruption of that pent-up anger, say observers. Jallikattu came as the right spark, with all the ingredients of hurt pride and unrecognised valour.
The prime culprit here, says political commentator Gnani Sankaran, is M Karunanidhi who quelled two protests in the 1970s, one in Trichy Clive’s college hostel and the other in Annamalai University. Ironically, his party had ridden the student wave during the anti-Hindi agitations to attain power. Not much of the Trichy history remains in public domain, but old-timers remember the hostel residents’ attempt to protest being met with police lathis, leaving pools of blood in the corridors.
In 1972, when Annamalai University decided to confer a doctorate on Karunanidhi, who was then chief minister, the Students Federation of India (SFI) organised a protest. The police beat up student activists. Soon, a body was found in a water tank on the campus. Students said it was Udayakumar, a second year maths student, but the government wouldn’t agree. After a state-wide protest by the SFI, the government set up an inquiry commission headed by Justice NS Ramasami which found the dead man was Udayakumar.
“There was fear,” says retired judge K Chandru, who led the 1972 agitation as an SFI leader. “But an organisation like the SFI had enough members to sacrifice. There are not many now.”
MGR, who became the chief minister in 1977, had a heart of gold, but when it came to dealing with student unrest, he wasn’t much different. “MGR crushed several protests at MC Raja hostel in Chennai,” says C Lakshmanan, associate professor at Madras Institute of Development Studies. Jayalalithaa continued with the legacy, ensuring that student union elections were not fought on political lines.
Adds Lakshmanan: “Students unions, which are supposed to assist colleges in academic and other activities, are either non-existent or handpicked without political banners. This de-politicisation is at the core of the jingoism that we see.”
But a ‘jallikattu jingoism’ may be better than the violence students of some Chennai colleges unleash in the name of ‘bus day.’ “Vandalism shown by some students of Pachaiyappa’s College and Presidency College is also the result of depoliticisation,” says Gnani. Karunanidhi got a taste of this in 1974 from a men’s arts college near Spencer’s, and shifted it to Nandanam. Quaid-E-Millath College for Women today stands where the men’s college was.
Chandru says the DMK not just depoliticised campuses, it also diverted youngsters’ attention from greater social issues to Tamil causes. “The net result is that today’s students interact less with each other over ideas, and social media has occupied the space. This leads to interested parties playing puppetry,” says the former judge who sees “the jallikattu movement” as a mix of spontaneous crowds and some pulled in by such parties. “But the sad thing is that most of our students have no political orientation,” says Chandru.
Without such an orientation, Gnani agrees with Chandru, the jallikattu movement may not sustain itself. Culture is a nice concept; battle, a tough reality.

INTITIAL HITCHES FOR D.TRUMP

Monday, January 23, 2017

GST GATE WAY

It is a destination based tax on consumption of goods and services.  It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as set off.  In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final CONSUMER
   Or if you would like to have a basic idea about GST, read below:

Goods and Service Tax (GST), a simple tutorial part 1

Goods and Service Tax (GST) part 1
In this post I am trying to explain about Goods and Service Tax (GST) in simple language to make you easily understand.  Let us also discuss briefly about Sales Tax, Central Excise Tax, and Value Added Tax etc.  The information about Goods and Service Tax (GST) in this website explains in two parts. You may read both parts to have a clear idea about GST.
What is GST? What is the concept of GST?  How does GST work? How does GST differ from other taxes? What is the need of GST? What is the impact of GST in Indian economy?
As you know, present taxation system of India consists of mainly Direct Tax and Indirect Tax. Apart from direct and indirect tax, you might have heard other categories of taxes like Ad valorem Tax, Progressive and regressive tax etc.

What is direct tax?
Let me explain in simple language about direct tax.  You may go deeply later with its complete understanding.  For your immediate and easy understanding, let me explain about direct tax as below:
Direct tax is the tax whose liability cannot be shifted to someone else.  For example, you work in a multinational company and drawing salary.  On that salary, you have to pay tax to government, ie, Income Tax. You cannot shift this tax liability to someone else.
There are other taxes also like corporate tax, wealth tax, Minimum alternate Tax (MAT) etc.
What is indirect tax?
Indirect tax is the tax liability one can shift to someone else.

3 Important Indirect Taxes
What are the three important indirect taxes?
Three important indirect taxes are central excise tax, sales tax and service tax.

What is central excise Tax?
Central excise is the tax on production/manufacturer of goods.  We can also call central excise tax as CENVAT.

What is Sales Tax?
Sales Tax is the tax on distribution of goods, also known as state level VAT.

How does Service Tax Work?
Service Tax is the tax on production and distribution of goods and many other indirect taxes.


What is VAT?
Let us discuss with an example for the purpose of understanding VAT initially and then GST.
Let me explain with an example about movement of goods and value addition with a very simple explanation.  A shop keeper sells Cake.  He gets cake from Baker. Baker makes cakes with flour which he buys from a Miller. Miller buys wheat from Farmer.
Again to make you easily understand on VAT and GST, I simplify the above example by mentioning 4 stages of examples. I hope, this will help you to understand about VAT and GST very easily.  All examples for understanding purpose only.  Let us split the above example as below:

Stage:1.  The Farmer produces Wheat.
Wheat is produced by farmer.  For the purpose of producing wheat, the farmer undertakes all farming process.  He buys raw materials also.  Ok, let us assume, the farmer buys inputs for Rs. 10.00. After completing all the process of farming the wheat is ready for sale to Miller to make flour.   He sells wheat for Rs.30.00 by keeping a profit of Rs.20.00.

Stage:2.  The wheat becomes flour by milling
The miller purchases wheat from farmer for Rs.30.00. He mills wheat and sells flour to Baker for Rs.50.00 with a margin of Rs.20.00 again.

Stage:3. The baker makes cakes with flour
The baker who bought flour for Rs.50.00 from miller makes cakes and sells for Rs.90.00.  Here, he keeps a margin of Rs.40.00

Stage:4. The Shop keeper sells cakes
Finally, the shop keeper buys cakes from the baker for Rs.90.00 and sells for Rs.100.00 with a profit of Rs.10.00.

I hope, the above 4 stages of explanation are very simple to understand.
Now let us come back to VAT.  What is Value Added Tax (VAT)?
Let us presume central excise tax or Sales tax rate is 10%.  As you know, this tax is levied on the output.  In the first stage, output is Rs.30.00.  So, central excise/sales tax is Rs.3.00 (10% of Rs.30.00).  In the second stage, Central excise/ sales tax rate at 10% works out to Rs.5.00 (10% of Rs.50.00 output).  Rs.9.00 would be the central excise/ sales tax rate under 3rd stage of this example (10% on output of Rs.90.00) and in 4th stage, the shop keeper pays Rs.10.00 as central excise/sales tax as his output is Rs.100 (ie. 10% of Rs.100.00). And the total excise/sales tax becomes Rs.27.00, if you add all stages.  So this is the tax liability in all these stages under the central excise/sales tax regime.

Do you notice a problem here?  The problem is that on the input, ie, when the raw material at 1st stage is taxed, the output became Rs.30.00.  Again the raw materials are taxed at the second stage, and again at 3rd stage and finally at 4thstage. 

Here tax is imposed on tax paid.  That means tax on tax. This is the present Central excise/Sales tax regime which carries a major problem and stupidity. 
What happens here when tax on tax are imposed?  Simple, the cost of production increases.

So the Central government realized this issue and decided to eliminate central excise and decided to replace central excise with Value Added Tax (VAT).  In turn, the central government asked the state governments to replace sales tax with VAT (Value Added Tax)


 

Sunday, January 22, 2017

WHAT HAPPENED ??? INDIAN GOVERNMENT IS WORKING THIS FAST

KERALA CHIEF MINISTER RECENTLY COMPLAINED ABOUT THE SNAIL SPEED OF OUR ADMINISTRATION IS RUNNING TO SIGN LAWS AND ORDINANCES  BY DIGNITARIES.
WHEN PEOPLE HAVE COME TOGETHER  AT TAMIL NAD EVERY THING  WORKED WITH IN A DAY OR TWO.. WHAT ABOUT THE PEOPLE AT LARGE SUFFERING ADMIN HAS NO EYES.

JELLIKATTU THE VICTORY OF DEMOCRACY

FRANKLY SPEAKING THE JELLIKATTU IS A TRADITIONAL FESTIVAL FOR TAMILS. THE SPIRIT OF DEMOCRACY WORKED TOGETHER WHEN COMMON PEOPLE JOINED HANDS AS ONE MAN .THEN EVEN THE HON. PRESIDENT & PM HAD TO FALL IN LINE WITH THE WHIMS OF TAMILS AT LARGE. THIS IS ONLY A BEGINNING AS HON.NEDURAMAN RIGHTLY REMARKED. WE WILL SEE GREATER THAN THIS IN THE DAYS TO COME

https://www.bbc.com/news/world