DEBATE (1)

This Lok Sabha election was also an election like Presidential election in US and Narendra Modi emerged victorious.

Raveena Gill

DEBATE (2)

No doubt about it that in January 2022 country will have Presidential form of Government.

S Singh

Increasing revenue to spur the economy-2

Increasing revenue or cut the expenditure to make the money available for development of the country. Discrepancies in tax system should be minimized. Tax compliance in salary class is maximum but the benefits are not as given to professionals. Professional earning upto 50 lakhs gets rebate of 50% i.e. 25 lakhs without any problem where as others earning even Rs 5 lakhs has to give so many explanation and is discriminatory. Give the same advantage to salaried class also. This gives rise to inequality among equals and divide between poor and rich increases which results in 1% of population holds 73% of national wealth. This should be looked carefully in the budget 2019-20. Likewise many provident funds are available for investments/deduction like PPF, GPF, EPF, CPF but the interest rates are all different. There is need to harmonize the same that is same interest rates for all PF like age above 60 yrs is considered to be sr, citizens. Some of the points worth considering like: 1. Stopping of budgetary support to loss making PSUs and recapitalisation of banks. 2. Cutting down expenditure of non-essential items. 3. Freebies to be curtailed. Subsidies to be reduced instead create job and earning opportunities. 4. Monitoring of Foreign Exchange transaction thru RBI as gate keeping. 5. No tax and filing of returns upto 5 lakhs. Concentration of work towards higher income group to stop leaking of tax bucket. 6. Bring transparency and honesty in the system by creating some examples and lead role. No cash donation even not Rs. 2000/-. All cashless working. Receipt and expenditure to be in public domain for all NGOs, trust, parties etc. and paying the tax as formulated. Govt. will know the details of financial transaction and assets while filing of ITR by the concerned group. This will empower the Govt. to have necessary financial details as may be required in future. Let us hope for good budget to increase GDP growth, reduce inequality, spur the economy, creates more job opportunities, increase in farmers income etc. Good luck!

Naveen