Posts

Showing posts from March, 2018

DISRUPTING PARLIAMEMT

For all these days I’ve been wrestling with my thoughts so as to fathom the psyche of the politicians and the political parties in Opposition who oppose for the sake of opposing any proposal or legislation tabled in the parliament by the ruling govt and thereby they not only try to hold the constitution to ransom but also show their total lack of concern for the hopes and aspirations of people in parliamentary democracy at large.  Yes the logjam – this is what I mean and I touched my concern many a times in my earlier posts but now I would analyze the malady in greater details so as to invite your reactions. One thing we must all know is that constitution of India is very sacrosanct. It is not given by the individual but on the contrary it is given by WE THE PEOPLE OF INDIA. And if the parliament stands there it is because of WE THE PEOPLE OF INDIA. But unfortunately WE has become I and got limited to individuals and I think individuals do not matter. It is more than this - the parti

DELAYED ACTION ON MONEY LAUNDERING

Gains made in equity-oriented mutual fund schemes till January 31, 2018 will be grandfathered or exempted. There will be no LTCG tax. It will be applicable for the assessment year 2019-20 (Financial Year 2018-19). In other words, the Long Term Capital G ains of over Rs 1 Lakh made during the year 2018-19 will be liable to tax at 10 per cent. My point is that we expected the govt to bring LTCG act way back in 2014 if she was so serious to deal with corruption and  money laundering through Participatory Note (PN). Way back in 2012 SITs were formed and CBTD laid down the measures to tackle Black Money in India and abroad. Concerns were raised that some of the money coming into the market via PNs could be the unaccounted wealth camouflaged under the guise of FII investment. It is a known fact. So the video forwarded is not an unknown information. Even SEBI also informed that the outstanding value of PN or Offshore Derivative Instruments (ODIs) at the end of February 2015 stood at Rs.

TEMPTING LOLLYPOPS BITTER IN TASTE

My friends keep sending statement - "today we are in far better state than before". This is what I intend to convey - better come up with facts to counter my stand. Did Modi not know before the fractured legacy he was going to inherit? Why he made time bound promises on employment, corruption, farmer's problem, law and order, women's safety and planning for the poor? The point is that the tight editorials do not address the problems of common man at the hands of the govt in power. That is why my posts are explanatory and comprehensive with data and not mere statements. Bank scams were allowed to go on as ever till the scamsters ran away leaving the country. How the govt could write off NPAs of banks worth ₹ 84,000 crore in 2017 itself without scanning, reviewing and investigating the background of the borrowers repeatedly getting their loans re-structured? One cannot obliterate the fact that  the hands of the political parties on the head of defaulters have always be

VISION LACKING IN PERFORMANCE

Many of my friends got offended when I pleaded them to be specific to counter my observations. I am unable to fathom as to why references are made time and again to the earlier govt to justify the action of the present govt. What you mean to convey? Does the present govt has the licence to re-package their promises? Whatever is the state of affair in any state with non-BJP govt the people will decide in their mandate whom to retain or whom to oust. The right thinking stable mind will always question the performance quotient of the govt in power as we are at the receiving end. A leader may have vision but if he fails to perform or deliver he will be questioned. That doesn't mean we are anti Modi or anti party in power. Modi is not only the PM of India but also my PM. It is our duty to show him the mirror by raising our justified dissent. Today everybody is looking at Modi for what he had promised and what has been delivered so far. Neither he nor his party nor his party followers s