Demonetization… Isn’t it a Success ?
A lot is being said about the wisdom of demonetization by many wise people . Frankly, it is being criticized in direct, indirect ,polite and not so polite words .
Those who try to speak a bit in its favor are almost considered "Blind Followers ".
The critics have been harping upon the hardships faced by almost all of us in varying degrees, the lack of efficient implementation efficiency, the confusions that prevailed almost throughout. They also question its basic necessity for India, su...
“Demonetisation” . No need to panic for a common man .
Let me at the On Set compliment the Hon PM for taking this bold and bitter step of " Demonetising " the Rs 500 and Rs 1000 Currency notesparticularly for keeping it a very well guarded secret right till the end , though it certainly is a step well thought out right from the beginning of Jan Dhan and Voluntary disclosure schemes.
But it is unfortunate that the scheme has spread a panic button in the minds of many honest and common citizens .
I see the following are the main sources of thi...
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Rexit and Brexit
These two words are taking rounds in the financial markets these days , and all are enjoying its thrill .
Frankly it is Rexit that is more relevant for us in India. Raghuram Rajan has done a very good job, as almost all of us will agree.The unnecessary controversy that surrounded his decision is rather shameful . This is no way we can attract good talents from outside the political and Bureaucratic circles . I am sure wiser counsel will prevail in finding his replacement and the decision wi...
Start Up India.. Whats So New About It ? What More is Needed ?
What I feel is that there does exist a good bit of confusion about who exactly is a Start Up.
Simply put, any newly started business is a start up. As far as way of doing business, and the complexities of business is concerned, a start up is on the same grounds as that is there for any other new ventures.
But in order to encourage budding entrepreneurs the Government and certain organisations are offering certain free bees , training ,incentives, concessions and even financial suppo...
EPF Roll Back /Budget 2016.Buying peace at a high cost
The roll back of the provisions of EPF Taxability , is a step much appreciated by one and all affected tax payers and tax experts.
But if we look at the reasons behind introducing this provisions, one would realise that it was anaborted attempt to plug a huge loophole.
The wealthy salaried employees were contributing the maximum amount possible under the rules , which is 12% of their slalries, without any cap.
All that was required to be done was to put a maximum limit of 150,000 on e...
