Govt. promises stable Tax regime....

Govt. promises stable Tax regime.... pg 19, Times of India, 20th Dec 2012

I have a few suggestions here.  

1.All employed Indians should pay a MAT of Rs 100/- Annually if there is No Tax Liability

2.All Street Vendors should pay a MAT of Rs 500/- Annually if there is No Tax Liability.

3.All Shop Owners should pay a MAT of Rs 1000/- Annually if there is No Tax Liability.

4.Persons owning a Vehicle must pay a MAT of Rs 1000/- Annually if there is No Tax Liability.

Tax Liability in Metros should be exempted for a Salary of Rs 4.5 lakhs

Tax Liability in other Class A Cities should be exempted for a Salary of Rs 3 lakhs

Tax Liability in Rest of India should be exempted for a Salary of Rs 2.5 lakhs

This will get the economy moving. You need to place Money in the hands of all, so that they can  spend and keep the wheels moving.

Citizens who have more than one Apartment / other property income to their name, must be exponentially Taxed.

Apartments kept locked for more than 9 months in a year, must be so taxed, that it is a better for the owners to rent the place.

Families residing in the same house and owning more than one vehicle must be taxed exponentially.

Industrialists must follow what I mention in an earlier blog If their Individual Salary exceeds Rs 120 Lakhs, then their Tax Liability must exceed 60%

Controversy over TB Hospital's renaming.....

Controversy over TB Hospital's renaming..... Headlines, Mumbai Mirror, 18th Dec'2012

We need to lay down Norms for such Naming Ceremonies.

Hospitals and Medically related Centers should only be renamed after Doctors, Nurses, Ward Boys who have contributed towards rendering yeoman service of the sick.

Streets should be named after Social workers who have lived on the very same street.
Roads should be named after District level social workers.
Highways should be named after National level Leaders

Once these Norms are Laid and Established, there will be No wanton clamour by Political parties to have spaces named after their leaders.

Incidentally it would be nice to know Harilal's contribution towards the nation, other than dying on a particular bed, that a ward has to be named after him. 

Top Dog Pay has all the Bite,....

Top Dog Pay has all the Bite, But No 2's Lacks Teeth.... Headlines, The Economic Times of 18th Dec'2012.

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.

This is the best way ahead both for the Promoter, The Organisation and The Worker. This is applicable to every Industry. The answer lies in equitable distribution of the wealth created without discrimination.

BMC's grand idea to curb illegal shanties:...

BMC's grand idea to curb illegal shanties: narrower pavements...Headlines, Mumbai Mirror, 9th Dec 2012

I did write on this issue earlier too, which I repeat below...

The street was clean and clear of all garbage. When dawn broke, a band of gypsies had descended on the lone street, pitching their tent, a little away from the drain which was used the days ahead for all ablutions. Toileting all over was a band of unruly children, carefree of worldly worries, no schooling just begging. The street was their oyster. Women who arrived seemingly single exposed to the vagaries of the night, were now expectant mothers.

Can we have a Law that makes it the responsibility of the local police under whose jurisdiction this street happens to ensure no one arrives from nowhere, and makes the street their home. They just need to be sent to the nearest beggar’s home. The men & women have to be skilled during their stay at the home based on their inclinations, and converted to useful members of society. Once skilled they have to be asked to return to their place of birth/origin and begin life anew. Else the City will forever be an overgrown slum, inviting more children to the dark.

Centre Defers Decision to Raise Ration Sugar Prices..

Centre Defers Decision to Raise Ration Sugar Prices.. pg12, The Economic Times dated 29th November 2012......  Fears backlash from Opposition and Voter apathy ahead of Polls.

The better way for the country is for the Government to gradually remove all Subsidies and Pay the farmer for his Produce at predetermined rates. The Farmer should Pay for the Electricity, Fertilisers and other Inputs consumed at prevalent Market rates. The only subsidy the Government will provide is to release Food grains at controlled rates to fair Price shops. They cannot charge more than 2% for the rates of Grains and other Essentials released through them to Consumers. All thefts due to these subsidies will disappear, (which actually enrich the Rich)  and will reduce the burden on the exchequer.