Tuesday, 31 January 2017

Indian Budget Highlights - 2017

Indian Budget Highlights - 2017

Some Interesting and effective budget highlights shared below on Personal Taxes. Govt. has tried to demonstrate that the govt. is going to support the tax payers and are going to take action against the tax evaders. Some strong statements regarding political party fundings, some data mining results details shared by the Finance minister. Most important statements since De-monetization in November.

A few excerpts shared below.

Personal Income Tax
·         More people to be brought in to the tax Net ( currently ONLY approx 3% people pay tax)
·         Reduce the existing rate of Taxation 2.5 to 5 Lakh  ( Rate of Tax = 5% reduced from 10% earlier)
·         0% liability for Income below 3 Lakh and 2500 for 3 to 3.5 Lakh
·         Additional 10% surcharge on people earnings above 50+ lakhs
·         Anyone filing the tax for 1st time will not be scrutinized for there declaration in first year

Some real Interesting Data mining results and Facts from De-Monetization
  • 76 Lakh people are earning more than 5 Lakh as per tax collection
  • Out of this 55 Lakh are salaried
  • 10+ lakh income = 24 Lakh ppl
  • 20+ Lakh Income declared by only 1.72 Lakh people
  • Contrary to all this 1.2 Crore cars sold ( How is this possible???) 
  • 1.48 Lakh accounts had got 80+ lakh rupees during demonetization
  • The best part is that 3.1 Crore people travelled Abroad although, only 2 Lac people earn 20+ Lac rupees.
Some Good Intents of Govt came to light. Although some concrete measures are required and must be done in the days to come. Political parties are being questioned by general public and rightly are to be held accountable for the funds. Some highlights shown below

Political Funding Reforms, a Strong move by govt. in political funding. 

  • Max cash donation reduced from 20k to 2k from any source
  • Donation to be received by Cheque or by electronic mode
  • Electoral Bonds can be purchased from Bank - redeemable for a political party
  • Political Parties to file ITR as per the timing guidelines
  • With Transparency in Political party Income declaration, tax rebates will be given

One thing which was good, govt increased the budget for MNREGA contrary to what the P.M said in 2014 about MNREGA scheme. Good to see that the some corrections are being done and govt. is not sticking to the egos. 

DISCLAIMER:- this is not a review, it is just as much information as we could collect. 

Monday, 30 January 2017

New born girl - Not a Lakshmi for sure.

मेरी कुड़ियां लक्ष्मी नहीं है   ( My DAUGHTERS are no Lakshmi)

"Its OK yaar, ladkiyan to lakshmi hoti hain, luck le ke aati hain ....Bow Bow Bow......Blah Blah"
"कन्या देवी है , लक्ष्मी है ,  बड़ बड़ बड़। ......... "

A Line which i am hearing since last 2-3 days, since my 2nd daughter is born.

This is to all my fellow congratulate-ors who come in the garb of concerned relatives / friends. Pls stop coming to me like a cover up artist.
You all can come to me like an actual happy person and actually congratulate me if you are happy else dont bring your banters to me.

मुझे सांत्वना की ज़रुरत नहीं है।

On a serious note, i would like to humbly request everyone, pls dont burden the new borns
( irrespective of there gender ), dont burden them with HUGE responsibilities to be like gods or goddesses. Let a normal child be like a sweet normal child, be it a boy or a girl. If you become rich or poor after your child is born, it is only because of your deeds or may be some law of karma, but, it certainly has nothing to do with that child.

Lets make a clarity to our ownself, that daughters & sons are a child at first place and than they become a part of this social system at a later stage. Stop measuring & burdening there present with an un-realized future.

DISCLAIMER:- I & My beautiful wife were only interested in a HEALTHY child and not at all in a boy or a girl. Yeah preference can be there, but abnormally, we both were not preferential. We will try to improve to be a fitment to this social system in next lives.

To my daughters ( Aastha singh & Aayat Singh) :- ओ पुत्तर,  दुनिया बुध्धु  है, चिंता  ना कर , enjoy कर  ( If they, by an chance get to read my blog in the future )'

To Everyone around:- Please Like, Share the blog, so that we can stop the people from consoling and ask them to congratulate..... #StopConsolingGirlsBirth