One Nation and one Civil Service
Why not other service is like one nation one cadre ?
Aryan
It's nice
C Shrimali
Good idea
Mantosh Chander
Time For Quantum Jump
It is high time India enhances its vision and mission to become 5 tr economy. It calls for a radical approach to matters financial and make the budget a useful instrument. Our economy is over-dependent on farming. We rightly call the farmer our “anna daataa”. The anna or food that the farmer produces needs a market to sell. Money is produced by the “ dhan daataa” or wealth creator. Wealth is produced by the skilled and highly skilled, talented, industrious, entrepreneurial, innovative, inventor, champion manufacturers and suppliers, described as industry, business and market. It costs too much to produce such highly skilled persons in different fields. A doctor, IIT engineer, IIM or Business School MBA and other professional costs no less than a Crore to get educated. With so much investment and hard work one can’t start working with 30,000 rupees per month salary as it would be a terrible wastage of precious human & capital resources. S/he gets a job with starting salary of 3 lakh rupees a month or 36 lakhs annually. S/he comes under 30% tax slab. Is it the correct tax perspective for thinkers of India 5 tr economy? To shed the tag of a poor country, we need to think differently, and that too now. Either the state finances their education or allow tax moratorium for 5 years so that they can repay their loans and start on a fairly reasonable standard of living. There is no tax on farm income presently and industry enjoys tax holiday for 5 or 7 years. This must be extended to the talent pool which alone will deliver growth for turning India into a 5 tr or 10 tr economy. They can deliver a 5 tr growth if motivated to work for India. The current tax regime will drive them to foreign countries as has been the case so far. The country stands to suffer talent erosion. To become a 5 tr economy we need to think and act genuinely big, irrespective of which party rules India. Reforming the financial sector radically right now is a sine qua non. Without urgent reforms in national attitude towards wealth and wealth creators, we will only be share-cropping poverty forever, wasting precious resources in competitive poverty harvesting promising free electricity or water or thali meals funded by high taxes on plate meals! People hold protests to “Save Constitution” but have no qualms of conscience to taint the same constitution by inserting hollow words like secular & socialist, ignoring the contents of Part III & IV which are replete with elaborate tenets of real socialist and secular constitution under Fundamental Rights and Directive Principles for State Policy. We deliberately choose to go astray which only helps some smart fellows who get urban/rural land allotted at ludicrously nominal price for SECULAR HOUSE/ SOCIALIST GROUP HOUSING etc. and also Grants, for which nobody bothers to submit Utilisation certificate. Why should the country proceed to produce Crorepatis of tax evaders & non-tax payers and make paupers of honest tax payers? Just look at the assets in crores declared by contesting candidates in assembly and parliament elections, and their source of income: social work, political work, charity, janseva etc.!
M L Gupta
Aryan
It's nice
C Shrimali
Good idea
Mantosh Chander
Time For Quantum Jump
It is high time India enhances its vision and mission to become 5 tr economy. It calls for a radical approach to matters financial and make the budget a useful instrument. Our economy is over-dependent on farming. We rightly call the farmer our “anna daataa”. The anna or food that the farmer produces needs a market to sell. Money is produced by the “ dhan daataa” or wealth creator. Wealth is produced by the skilled and highly skilled, talented, industrious, entrepreneurial, innovative, inventor, champion manufacturers and suppliers, described as industry, business and market. It costs too much to produce such highly skilled persons in different fields. A doctor, IIT engineer, IIM or Business School MBA and other professional costs no less than a Crore to get educated. With so much investment and hard work one can’t start working with 30,000 rupees per month salary as it would be a terrible wastage of precious human & capital resources. S/he gets a job with starting salary of 3 lakh rupees a month or 36 lakhs annually. S/he comes under 30% tax slab. Is it the correct tax perspective for thinkers of India 5 tr economy? To shed the tag of a poor country, we need to think differently, and that too now. Either the state finances their education or allow tax moratorium for 5 years so that they can repay their loans and start on a fairly reasonable standard of living. There is no tax on farm income presently and industry enjoys tax holiday for 5 or 7 years. This must be extended to the talent pool which alone will deliver growth for turning India into a 5 tr or 10 tr economy. They can deliver a 5 tr growth if motivated to work for India. The current tax regime will drive them to foreign countries as has been the case so far. The country stands to suffer talent erosion. To become a 5 tr economy we need to think and act genuinely big, irrespective of which party rules India. Reforming the financial sector radically right now is a sine qua non. Without urgent reforms in national attitude towards wealth and wealth creators, we will only be share-cropping poverty forever, wasting precious resources in competitive poverty harvesting promising free electricity or water or thali meals funded by high taxes on plate meals! People hold protests to “Save Constitution” but have no qualms of conscience to taint the same constitution by inserting hollow words like secular & socialist, ignoring the contents of Part III & IV which are replete with elaborate tenets of real socialist and secular constitution under Fundamental Rights and Directive Principles for State Policy. We deliberately choose to go astray which only helps some smart fellows who get urban/rural land allotted at ludicrously nominal price for SECULAR HOUSE/ SOCIALIST GROUP HOUSING etc. and also Grants, for which nobody bothers to submit Utilisation certificate. Why should the country proceed to produce Crorepatis of tax evaders & non-tax payers and make paupers of honest tax payers? Just look at the assets in crores declared by contesting candidates in assembly and parliament elections, and their source of income: social work, political work, charity, janseva etc.!
M L Gupta