Ajit Pawar Quits over irrigation Scam......

Ajit Pawar Quits over irrigation Scam......Headlines, Times Of India 26th Sept'2012

It should be natural when a Minister or Public servant is expelled or forced to resign,the Supreme Court should permit filing a PIL against any Public Servant Elected or otherwise, who has amassed wealth beyond his/her known source of Income. It is the responsibility of the accused to prove the earnings are legitimately earned and have no bearing on corrupt practices he/she may have indulged in to amass the wealth.
Inability to prove will lead the wealth to be credited to the public exchequer and to be used strictly for public welfare schemes. .....This will ensure no public servant amasses wealth beyond his source of income.

The Naming Game..........

It is regular to read an article in the Press that your neighbourhood road/street has been renamed by whoever.
Firstly it is a better idea to ensure names of minor streets and chowks hold good for only 25 years after which they can be renamed.
Secondly the name being proposed for the given street / chowk should have been of a person who contributed to the betterment of the area being considered.
Thirdly the names being proposed should be put up for consideration and majority view either through ballot or show of hands be resorted to. The concurrence of all residents of the street/ chowk should be involved and their opinion sought.

'Indians worried about economic future'....

'Indians worried about economic future'.... A small step in governance will change this worry. The Government needs to enact a law that stipulates all Housing Societies paint their buildings once every 10 years. The incentive to do this is that they get a discount in the property tax. This one act will generate huge employment, cause distribution of wealth and a huge demand in building materials.

BoB reduces home loan rates by 0.25%........

BoB reduces home loan rates by 0.25%........page 20, Sept 11th 2012.
The best way to boost the Economy is to ensure housing for all. This not only creates a huge demand but keeps the Nation on the move.

You will agree that the measure of good governance is when we are able to give a comfortable life to our citizens. The best way to make all feel proud as Indians is to improve their standard of living. The very basic being affordable shelter.

If we enact a law that enables all tax paying citizens who do not have a house of their own, to avail of low interest loan for housing. The interest should be around 6% only.

The applicant of the loan should have been a Tax payer for the preceding 20 years.

Based on the response, the period can be reduced to 15 yrs and later 10 years.

Also the house cannot change hands, be sold or mortgaged for 10 years after getting possession.

The loan should be limited to flats with a carpet area not exceeding 555 square feet.

This one act will not only create a positive impetus to growth, but be a harbinger to better economy, as all will strive to be Honest Tax paying citizens to avail of this facility.

The other outcome will be in creating job opportunities in many sectors.All documents should be well scrutinized to ensure the applicant satisfies all criteria. A website should be dedicated to the cause, with names of those who have been shortlisted and inviting objections if any from others who may be aware of the true facts.This one act will create a huge demand in housing, which will have a ripple effect on Steel, Cement, Sand,Stone, and other Building Materials consumption.The economy will boom, and what is reduced in loans, will be multiplied by increases in Tax collections.
For a Better India, keeping the economy growing positively with inclusive growth.

Cops put chain-snatchers on the wall across city...... pg 12, Mumbai Mirror 25th Sept'2012

The punishment for Chain snatchers and Thieves should be similar to what I had mentioned in an earlier blog.
This one law will deter such scoundrels to desist from this act

Commerce Min Questions Labour Min's Minimum Wage Proposal

Commerce Min Questions Labour Min's Minimum Wage Proposal ...Pg 13 The Economic Times of 25th Sept 2012

The concept of having a common minimum wage pan India is a bad idea. Living conditions etc must determine this. However the Government can follow an idea mentioned below which will be able to hold good.

Firstly it must be understood that the Company is a single entity.The Management and Workers are not in a Us....Vs...Them situation. All are working towards a common goal, of producing a superior product. All are expected to contribute their best towards this effort.

If all are contributing, then the rewards must also be shared by all in a defined proportion.

It is not anybody's right to exploit another- be it shareholder or worker. Once the output of all are defined, and their share in the Pie, then there can never be a bad situation. The solution therefore is about the receivables in any industry or situation. Currently the max perks are received at the top and the crumbs picked off the floor at the bottom of the pyramid. This is a misconceived notion that it is the top alone that deserves the credit for success. Success can be achieved when every player in the game plays his part and contributes to the targeted goal. We need to create a winning situation and a prosperous society where everyone who contributes gets rewarded. Let us assume these are the different levels in an industry.

Chairman & Managing Director,(10x)
CEO,(9x)
Manager,(7.2x)
Divisional In Charge,(6x)
Foreman,(4x)
Supervisor, (2.5x)
workers (1x)

If say x=Rs 10,000, then the CMD gets max Rs 1 Lakh. Once this definition is accepted / legislated, then in a given industry if the CMD thinks he deserves more, he has to ensure the value of x at the ground level in his organization changes. This one act will create a healthy environment within the organization, and within society.

Jindal shouldn't set own salary:........

Jindal shouldn't set own salary:........ Advisory Firm....Headlines -The Economic Times of 25th September 2012.
I have said this in earlier blogs and repeat again:

Most Listed Companies decide to reward themselves viz: The Board of Directors and Managers as they think fit. A simple circular and a resolution is passed at the AGM.

Firstly it must be understood that the Company is a single entity.The Management and Workers are not in a Us....Vs...Them situation. All are working towards a common goal, of producing a superior product. All are expected to contribute their best towards this effort.

If all are contributing, then the rewards must also be shared by all in a defined proportion.

It is not anybody's right to exploit another- be it shareholder or worker. Once the output of all are defined, and their share in the Pie, then there can never be a bad situation. The solution therefore is about the receivables in any industry or situation. Currently the max perks are received at the top and the crumbs picked off the floor at the bottom of the pyramid. This is a misconceived notion that it is the top alone that deserves the credit for success. Success can be achieved when every player in the game plays his part and contributes to the targeted goal. We need to create a winning situation and a prosperous society where everyone who contributes gets rewarded. Let us assume these are the different levels in an industry.

Chairman & Managing Director,(10x)
CEO,(9x)
Manager,(7.2x)
Divisional In Charge,(6x)
Foreman,(4x)
Supervisor, (2.5x)
workers (1x)

If say x=Rs 10,000, then the CMD gets max Rs 1 Lakh. Once this definition is accepted / legislated, then in a given industry if the CMD thinks he deserves more, he has to ensure the value of x at the ground level in his organization changes. This one act will create a healthy environment within the organization, and within society.

Bad news for Party Zone:...................

Bad news for Party Zone:................... Head lines, Mumbai Mirror Sept 17th.2012

I think it is time we defined the role of the Police. Tax paying citizens have a right to a life of their own, as long as they do it within the purview of the Law.   Should they falter, the attempt should be to ensure the Spirit of the law is followed. We need to redefine the role of the Police. I think it is a better idea  for the Police to ensure the area under their control is free of Hawkers, Encroachments and Roadside dwellers.

BMC has a Cash Pile..................

BMC has a Cash Pile.................. pg 24, Mumbai Mirror, Sept 15th 2012.
It is unfortunate that while the citizens of the Metropolis continue to suffer with aches and pains while travelling from A to B in overcrowded buses, take an hour for a 10 minute journey, walk on roads with potholes, people spitting all over and beggars hounding us at junctions.

'Law-abiding citizens should be treated with respect'

'Law-abiding citizens should be treated with respect'...... page 4Mumbai Mirror, Sept. 14th 2012

Why should we have a situation where we fear the Police. Having travelled Globally, I have witnessed many Middle Eastern countries where citizens are at ease with the Police. The Police force there make every effort to ensure the citizens are always safe. As far as the Laws go, it is the duty of the Police to ensure laws are followed in the spirit in which it is framed, and if Citizens err every help is made to ensure its adherence. Here the effort is to catch Citizens on the wrong foot and find how much the catch is worth........Think.....if we are to advance as a Nation......

Intelligence Warns of Terror Threat......

Intelligence Warns of Terror Threat to HPCL,BPCL's Mumbai Refineries....Front Page,The Economic Times dated 7th September 2012

Just an idea to save the country from Threats & Future Massacres.

Today a high percentage of our population have cell phones.

Most Cell phones are equipped with a Camera.

If an announcement is made on National Television, 

that if people click images of suspicious acts,

and if they feel this could be related to Crime prior to the act or after the disaster has struck,

then the person who shot the footage and sent it for telecast

will be awarded Rs One Hundred Thousand.

Only that the images must assist the Police to unravel the crime, and arrest the perpetrators,

and such footage is accepted as clinching evidence.

This single announcement may cause all & sundry to start shooting on the quiet.

The resultant effect of this announcement will be that no one will dare to be seen in acts of murder lest he be apprehended. Terror Threats and Acts will greatly reduce if not totally eliminated.

Taxpayer Can't be fined...........

'Taxpayer Can't be fined for Incorrect Claim if he provides all relevant info'. page 6,The Economic Times, 6th Sept 2012

It is a better idea if the On Line Form is so designed that the Tax payer only has to enter data under various heads and system calculates the Tax due, after which he pays by Credit card or Cheque mentioning his PAN on the reverse of the Cheque. If he has entered any false data, and if X is the Tax due, and the authorities find he has concealed information, then he gets fined 10X. This will ensure all enter correct data which can be cross verified. However if data entered is correct and system calculates incorrect, then the program has to be modified accordingly.