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MEASURES FOR STRENGTHENING ECONOMY

REDUCTION OF CURRENT ACCOUNT DEFICIT IN A PRACTICABLE MANNER THROUGH REGULATIONS IN VARIOUS SECTORS ENHANCING TAX REVENUE EARNINGS IN A SYSTEMATIC LEAK PROOF MANNER, FOR ENSURING GROWTH ORIENTED ECONOMY WITHOUT HAVING ANY KIND OF EFFECT ON THE GROWTH DUE TO SUBSIDY BURDEN ON THE ECONOMY BY MAKING THE SUBSIDIES ARE EXTENDED ONLY TO THE DESERVING NEEDY SECTION OF PEOPLE THROUGH CREATION OF CENTRAL PETROLEUM FUELS NETWORK AUTHORITY, CENTRAL TOLL TAX NETWORK AUTHORITY, CENTRAL CARGO MOVEMENTS MONITORING AUTHORITY, STATUTORY LICENCES DATA AUTHORITY, REGULATE FUEL ISSUE, PREVENT ZERO BILLING TRADE NEED FOR STREAMLINING INVESTMENT IN GOLD BY PEOPLE, ALSO ENHANCING INDIGENOUS PRODUCTION ELECTRONIC COMPONENTS LIKE PCB, CHIPS TO REDUCE CAD ON ACCOUNT OF IMPORTS OF ELECTRONIC GOODS AND COMPONENTS ALSO ENHANCING THE FOREX EARNINGS THROUGH ATTRACTING HOLIDAY TOURISM & MEDICAL TOURISM ALSO MAKING MEASURES FOR ENHANCING AGRICULTURE PRODUCTION TO REDUCE AGRICULTURE IMPORTS (EDIBLE OILS, PULSES ETC), ENHANCE EXPORTS (RICE, SUGAR ETC) TO REDUCE FOREX EXPENDITURE AND EARN FOREX NEED FOR BRINING DRASTIC CHANGE IN BANKING LAWS ENSURING BANKS ACT AS AGENTS OF SOCIAL CAPITAL BY ENSURING DIFFERENTIAL RATE OF INTEREST FOR DIFFERENT TYPES OF LOAN AVAILERS WITH LOWEST INTEREST RATE FOR THE SMALL LOANS, HIGHEST INTEREST RATE FOR HIGHER LOANS, BARRING EXTENSION OF LOANS BY BANKS TO ULTRA RICH (ABOVE Rs 2 CRORE PER ANNUM/ NET WORTH MORE THAN Rs 10 CORES OF ASSETS) FOR THEIR PERSONAL PURPOSES LIKE PURCHASE OF VEHICLES, SHARES, PROPERTY ETC FOR ENSURING BETTER UTILISATION OF BANKING RESERVES ENHANCING LENDING FOR SMALL LOAN AVILERS FOR SELF EMPLOYMENT, MSME ENTREPRENEURSHIP; ALSO INTEREST RATE FOR SAVINGS SHOULD BE BASED ON THE INCOME GROUP OF THE PERSON SAVING, HIGH INTEREST RATE FOR LOW INCOME GROUP, MODERATE FOR MIDDLE INCOME, LOW INTEREST FOR HIGHER INCOME GROUP AND ULTRA LOW INTEREST RATE FOR ULTRA HIGH INCOME GROUP TO BRING REAL CHANGE, WITH BANKING FUNDS USED ONLY FOR SOCIOECONOMIC DEVELOPMENT OF COUNTRY & EVERY CITIZEN INCULCATION OF FINANCIAL DISCIPLINE IN PEOPLE ESPECIALLY THE WORKING CLASS, ALSO BRING UN ORGANISED EMPLOYMENT TO ORGANISED EMPLOYMENT FOR HEALTHY ECONOMY OF COUNTRY AS WELL AS INDIVIDUALS, MAKING ALL PEOPLE WITH Rs 1,20,00 ANNUAL INCOME TO MANDATORILY SUBMIT ANNUAL EXPENDITURE STATEMENT
PRADEEP KUMAR KUNCHE
Think Social Engineering Think Me

kunchepk@gmail.com ; www.pradeepkunche.blogspot.in ; www.scribd.com/pradeep_kunche

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INTRODUCTION REDUCTION OF CAD THROUGH REDUCING THE SUBSIDY BURDEN ON FUELS, RATIONING OF FUEL FOR CREATION OF DISCIPLINE AMONG THE FUEL USERS FOR JUDICIOUS USE OF FUEL- THE ULTIMATE GAME CHANGER SOCIO ECONOMIC MEASURE THROUGH CREATION OF CENTRAL PETROLEUM FUELS NETWORK AUTHORITY COMPRISING OF DATA OF ALL VEHICLE REGISTRATIONS AND ALL DRIVING LICENCE HOLDERS, ISSUE OF FUEL THROUGH AUTHENTICATION OF CARDS, HAS MULTIPLE ADVANTAGES MEASURES FOR ENHANCING TAX COLLECTION BY REDUCING THE “ZERO BILLING TRADE” IN THE COUNTRY, AS PREVALENCE OF NON TAXED MANUFACTURING/TRADE ARE AN OPEN SECRET. MEASURES FOR REDUCING THE INVESTMENT IN BULLION ESPECIALLY GOLD TO REDUCE THE CAD ON ACCOUNT OF IMPORT OF GOLD THROUGH CREATION OF “CENTRAL BULLION TRADE MONITORING AUTHORITY” TO OVER SEE THE SALE/PURCHASE OF GOLD, MAKING DETAILS OF SALE/PURCHASE OF ITEM WISE, INDIVIDUAL PURCHASER WISE DETAILS SUCH AS PAN CARD, VOTER ID CARD, IN ADDITION MAKING IT MANDATORY ALL GOLD ABOVE RS 10,000 SHOULD BE THROUGH BANK TRANSACTION I.E CHEQUE, ONLINE TRANSFER, DEBIT CARD OR CREDIT CARD. MEASURES FOR REDUCTION OF CAD THROUGH REDUCED IMPORT OF ELECTRONIC COMPONENTS LIKE “CHIPS, PCB‟S ETC BY ENCOURAGING INDIGENOUS MANUFACTURING NEED FOR EARNING FOREX THROUGH TOURISM (HOLIDAY, SPIRITUAL, AND MEDICAL), ENHANCEMENT OF FACILITIES AND MARKET FOR INDIAN HANDICRAFTS, INDIAN JEWELLERY ETC MEASURES FOR ENHANCING OVER ALL REVENUE COLLECTION BY THE LOCAL, STATE AND CENTRAL GOVERNMENTS THROUGH BRING ALL MANUFACTURES / TRADERS LICENSING‟S UNDER ONE HUB TO ENSURE TAXES ARE PAID ON TIME ACCURATELY NEED FOR DE LICENSING THE NATURAL RESOURCES LICENSING TO THE PRIVATE OPERATORS ESPECIALLY THE TRADERS, ONLY LIMITED SHARING CAPTIVE CONSUMPTION SHOULD BE ALLOWED NEED FOR ENHANCING AGRICULTURE PRODUCTION BY CREATING APPROPRIATE NECESSARY INPUTS IN A COST EFFECTIVE MANNER TO PRODUCE MORE TO REDUCE AGRI IMPORTS, AND ENHANCE AGRI EXPORTS; IN ADDITION NEED FOR CREATION OF ACCOUNTABILITY OF AGRICULTURE PRODUCE TO REDUCE THE MISUSE OF TAX EXEMPTION ON ACCOUNT OF AGRICULTURE INCOME, IN ADDITION TAXING AGRICULTURE INCOME ABOVE CERTAIN LIMIT NEED FOR REGULATION OF BANKING SYSTEMS TO ENSURE WIN WIN SITUATION, INCREASE OF ENTREPRENEURSHIP, EMPLOYMENT IN THE MSME SECTOR, NEED TO REDUCE THE NPA‟s, MAKING BANKING A REAL SOCIO–ECONOMIC BRIDGE BETWEEN BETTER SOCIAL LIVING AND GROWTH OF ECONOMY BY CHARGING THE RATE OF INTEREST LOWEST FOR SMALL LOANS, HIGHEST FOR THE LARGE LOANS, BARRING „ULTRA RICH‟ FROM AVAILING BANK LOANS FOR PERSONAL PURPOSE. MEASURES FOR CREATING FINANCIAL DISCIPLINE AMONG THE INCOME EARNERS, MAKING THEM JUDICIOUS USE OF MONEY, PLANNING, SAVINGS, ALSO BRINGING UN ORGANISED SECTOR TO ORGANISED SECTOR EMPLOYMENT. CONCLUSION

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INTRODUCTION As even most of the common people are now a day‟s understood the importance of economic growth of the country, as for creating infrastructure facilities for better living in various manners requires appropriate necessary funds, the country rises funds through levy of various taxes on various ways, but it is a fact that to be accepted even though it is bitter to digest that the country is only able to get 60 to 65% of revenues as tax from the total manufactured/traded/service goods. It is mainly due to lack of systems in place. Only anti corruption laws or punitive laws for evading tax alone cannot yield the desired results. As it is fact that “ZERO” billing trade is widely prevailing due to acute corruption, patronize by the some of the political elected representatives class, some of the bureaucratic class and some of the business class. The fact of the matter is one side the government is spending large parts of its revenue on welfare schemes, at the same time government is bearing heavy subsidy burden on petroleum fuels, in addition government is spending huge amounts on import of petroleum fuels, also there is high gold imports due to heavy demand for gold in India making the country suffer from so called “CURRENT ACCOUNT DEFICIT” due to excessive payments of foreign exchange on accounts of imports, but at the same time the export earnings are not to the tune of imports. The recent statics revels that the CAD is about 80 billion $, the majority of the CAD is due to Petroleum fuel imports, gold imports. In order to reduce the CAD the Minster for petroleum GOI recently wish to analyse the applicability of the one of the suggestion from some strangers, of course not proposal of MIN P&NG or GOI that 8 pm to 8 am closer of “petrol pumps” to reduce the usage of petroleum fuels to the tune of 25% to reduce the CAD on account of oil by 25% is nothing but “Hippocratic mediocre idea” as it will not yield any desired results may reduce maximum of 1-2% reduction but with great in convince to millions people. The usage of fuel should be controlled in a practical, pragmatic manner systematically in a leak proof manner. I have suggested in by document on “Simple and effective reforms for controlling corruption..“(2011 AUG, 2011 NOV) and also in my document FDI, need for decontrol of OIL prices (SEP 2012) which is the best solution to control the usage of oil, control the subsidy burden, prevention of ZERO billing trade, enhancement of tax revenues which will certainly make the CAD to ZERO, in addition making enough funds available for development of infrastructure projects along with expanding annually the welfare measures till such a period that all those availing subsidies become economically independent to self sustain themselves.

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The following measures will certainly reduce the CAD, enhance the revenues, and enhance the income generation through enhanced entrepreneurship, employment for healthy and happy economy and social lives of the country and people. REDUCTION OF CAD THROUGH REDUCING THE SUBSIDY BURDEN ON FUELS, RATIONING OF FUEL FOR CREATION OF DISCIPLINE AMONG THE FUEL USERS FOR JUDICIOUS USE OF FUEL- THE ULTIMATE GAME CHANGER SOCIO ECONOMIC MEASURE THROUGH CREATION OF CENTRAL PETROLEUM FUELS NETWORK AUTHORITY COMPRISING OF DATA OF ALL VEHICLE REGISTRATIONS AND ALL DRIVING LICENCE HOLDERS, ISSUE OF FUEL THROUGH AUTHENTICATION OF CARDS, HAS MULTIPLE ADVANTAGES In order to reduce CAD (current account deficit) it should be the first and foremost thing to reduce the import of petroleum products by streamlining the usage of petroleum products, reducing the subsidy burden by categorizing the petroleum product users; like two wheelers, four wheelers, SUV‟s etc, charging fuel cost as per category of vehicle, also it should be necessary to inculcate fuel use discipline among the users especially the users of motor vehicular traffic by rationing of issue of petroleum products which is possible through creation of “central petroleum fuels network authority” (CPFNA) operated in the lines of core banking operations, through issue of electronic driving licence cards (EDLC), electronic vehicle registration cards (EVRC) and linking the issue of petroleum fuels only on authentication of both cards, on swiping both cards to the swiping machine attached to the fuel dispensary to issue fuel only on authentication by the central data server of the CFPNA in coordination with data of CVRA of all states. This measures also useful reduce the subsidy burden by fixing the rate of fuel based on the type of user like two wheeler, four wheeler, SUV etc, also can be used to ration per type of user.(also provides data of each quantity of fuel per user) This measure will not only reduce the fuel subsidy burden on the government as subsidies are extended to the needy deserving low income group people, also the fuel rationing will certainly improve the judicious use of the fuel by the individuals, making them use the public transport for long distances, using pooling of vehicles to reach the destinations instead of using of individual vehicles especially the four wheelers. In addition this measure of EDLC, EVRC has numerous other advantages like it will certainly reduce the pollution to a considerable extent as the vehicles pollution check certificates are up loaded in the CVRA data bank of each State which is integrated to CPFNA to ensure stoppage of issue of fuel for non renewal of pollution check which certainly reduces vehicular pollution to a great extent, has great relief for urban population to a great extent from pollution related health hazards;
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also easy identification and penalising traffic violation, all theft vehicles can br identified, also ensuring only standard driving licence holders in general drive the vehicles reducing road accidents, also as said in my “health care for all” document there should be differential time of educational institutions and offices, making it mandatory that all educational institutions and all Government, PSU, large private establishments should use only multimode transport systems with complete ban on use of individual vehicles, in addition this measure will enhance the road tax collection and toll tax collection; as such This measure is an ULTIMATE GAME CHANGER SOCIO ECONOMIC MEASURE. As it is a fact that this measure will certainly reduce the usage of fuel in a systematic rational, practical manner rather than irrational way of shutting down of “petrol pumps” from 8 pm to 8 am??? MEASURES FOR ENHANCING TAX COLLECTION BY REDUCING THE “ZERO BILLING TRADE” IN THE COUNTRY, AS PREVALENCE OF NON TAXED MANUFACTURING/TRADE ARE AN OPEN SECRET. Measures for enhancing tax collection through reducing “ZERO BILLING TRADE” possible through streamlining the goods movement through forming “CENTRAL TOLL TAX NETWORK AUTHORITY” and “CENTRAL CARGO MOVEMENTS MONITORING AUTHORITY” to ensure every manufactured product is taxed, possible through making it mandatory that either online through internet or mobile sms communication should inform the driver card number, vehicle registration number, description of goods, value of goods, origin, destination for moving goods from the manufacturing, trading places. This measure can bring more than 20% of the additional revenues. The value of the goods should mach the sale bill; the sale bill should be attached. Also it is ideal to make it mandatory for all goods transport to pay for the “GOODS CARRIAGE INSURANCE” once it is out from the manufacturing centre. This measure will ensure fair trade and fair claim. The above measures yield huge revenues to government as to a great extent “ZERO BILLING” trade can be prevented. This measure Rs 1 investment yields Rs 200 + annually. The entire project of CPFNA, CVRA, CTTNA, CCMMA, issue of EVRC and EDLC to all individuals who are possessing valid driving licence card and a vhicle, in addition to providing swiping machine, networking of all petrol pumps, installation of swipe machines and gadgets to control the issue of fuel on authentication, maintenance of central servers for data storage and processing the data on real time may has one time cost of approximately less than 4000 crores, but yields revenues to the tune of 4 lakh to 8 lakh crores of rupees per annum on conservative estimates with just preventing less than 50% of ZERO BILL trade. The need for “NATIONAL TOLL GRID” was emphasized very recently in SEP 2013 by none other than former RBI
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GOVERNOR Shri Y V Reddy to prevent the Zero Billing trade for more revenue collection by the government, which means my suggestions are very legitimate and practically implementable when the great bankers and economic thinkers recently endorsing the spirit of my views????? This measure is possible when GOI has spending billions of rupees for issue of ADHAR cards for 100 core population, then just the vehicle population in the country is just 10 cores odd, in addition to issue the electronic cards is not an issue, just by submitting existing valid licence, vehicle registration they can obtain the same in less than 3 minutes per individual vehicles by proving the issue of cards machine at each and every petrol station, each vehicle registration office in every district, mandal/block??? When GOI is able to successfully implement the Digitisation of Cable Television through SET TOP BOXES conversion from existing wired analogue signals, the same principle can be applicable as vehicles are essential part of daily life so people will voluntarily get them converted to electronic vehicle registration card and electronic driving licence registration card???????? MEASURES FOR REDUCING THE INVESTMENT IN BULLION ESPECIALLY GOLD TO REDUCE THE CAD ON ACCOUNT OF IMPORT OF GOLD THROUGH CREATION OF “CENTRAL BULLION TRADE MONITORING AUTHORITY” TO OVER SEE THE SALE/PURCHASE OF GOLD, MAKING DETAILS OF SALE/PURCHASE OF ITEM WISE, INDIVIDUAL PURCHASER WISE DETAILS SUCH AS PAN CARD, VOTER ID CARD, IN ADDITION MAKING IT MANDATORY ALL GOLD ABOVE RS 10,000 SHOULD BE THROUGH BANK TRANSACTION I.E CHEQUE, ONLINE TRANSFER, DEBIT CARD OR CREDIT CARD. Measures for streamlining the gold imports by regulating the purchase of gold above 3 grams or 10,000 above should be through production of id card of the purchaser, by bank card (debit/credit) or bankers cheque only, all cash purchase of gold should be barred, in addition the type of item soled along with photograph of the item sold should be in the bill of sale, the same should be online real time through creation of “central bullion trading authority” this measure will certainly reduce the investments in gold, in addition ensures prevention of circulation of black money as mostly gold is purchased in cash mostly with black money?. This measure will certainly reduce the corruption to some extent as they are fear for caught by keeping cash at home, savings in bank may need to explain at some time, reducing the possibility of investment only either in real estate or food and beverages???????; also this measure will indirectly enhance the investments in other sectors.

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MEASURES FOR REDUCTION OF “CAD” THROUGH REDUCED IMPORT OF ELECTRONIC COMPONENTS LIKE “CHIPS, PCB‟S ETC BY ENCOURAGING INDIGENOUS MANUFACTURING; NEED FOR PREVENTION OF GRAY MARKET IMPORTS OF CHEAPER MANUFACTURING OF ELECTRONIC GOODS FROM COUNTRIES LIKE CHINA, TIWAN, ETC Only the reduction of CAD on account of petroleum products is not sufficient but also reduce other major imports like Electronic goods, the components like PCB‟s used in electronic products by creating necessary manufacturing facilities, improving the R&D in electronics and CHIP DESIGN, MANUFACTURING etc by proving appropriate necessary tax concessions. Also it is very necessary to take stringent measures to prevent the Zero Bill trade of importing, trading of cheap/low cost electronic goods imported from the countries like CHINA, TIWAN etc. This measure is necessary to enhance the revenue for Indian manufactures; more tax paid goods and reduced forex due to reduced imports from the low cost manufacturing countries, also if the electronic goods are imported they will be sold by paying proper taxes in INDIA as per existing tax. NEED FOR EARNING FOREX THROUGH TOURISM (HOLIDAY, SPIRITUAL, AND MEDICAL), ENHANCEMENT OF FACILITIES AND MARKET FOR INDIAN HANDICRAFTS, INDIAN JEWELLERY ETC Also need for enhancement of exports to earn sufficient forex, by creating appropriate necessary facilities for exports like mostly creating markets for INDIAN handicrafts, fine tuning of Tourism activities through facility creation at all possible tourism for both holidays, and religious as well as medical tourism. It is fact INDIA is a favoured destination for both holiday and medical tourism, in order to encourage more tourists need to create facilities, trained manpower, safety and security of visitors etc (As mentioned in my document on Simple and effective reforms to control corruption and in Religious reforms document); also since Indian medical system is largely in private sector with some of the hospitals are International standards it is very necessary to create most favoured nation for medical tourism by enhancing already favoured destination for medical tourism as even from USA people are coming for Cardiac Surgeries to India as it ia fact the average cost of cardiac surgery in INDIA in an average private hospital is to the tune of Rs 1.5 lakhs, whereas average cost of cardiac surgery in USA is to the tune of US Dollars 1.5 lakhs (in today‟s Rs cost it will around Rs 95 lakhs) ???????? (many people especially who are aware of medical profession are feeling Strange about government recently making provision for all IAS officers should be eligible to get treatment in foreign countries, which will certainly demoralise the Indian medical system?????????)
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MEASURES FOR ENHANCING OVER ALL REVENUE COLLECTION BY THE LOCAL, STATE AND CENTRAL GOVERNMENTS THROUGH BRING ALL MANUFACTURES / TRADERS LICENSING‟S UNDER ONE HUB TO ENSURE TAXES ARE PAID ON TIME ACCURATELY THROUGH “STATUTORY LICENSING DATA AUTHORITY” Need for enhancing revenue collection by bringing all the manufacturing, trading into tax net through creation of “STATUTORY LICENSING DATA AUTHORITY” by integrating the data of all statutorily licences from local municipal tax, the water tax, the electricity usage either HT/ LT/ commercial/ non commercial, also monitoring for number of units of usage of electricity per month, the pollution control board licence, the sales tax, the excise tax, the explosives licence, the income tax, the service tax, the provident fund, the SEE payment etc etc. This measure will ensure timely remainders for licence holders, in addition indentifying non tax payers of other taxes in case they got some licences but they do not possesses other licences, also reduction of corruption, more trade, more money circulation which is taxed at some point. In addition this can ensure fair legitimate production and sale of goods as the analyses of use of electricity for commercial, industrial etc comparison of identifying the claim of wastage of raw material in the production through creation of standards to ensure absolute accountability of production with no scope for excess production other than allowed limits to ensure avoidance of Zero billing trade. Also similarly this measure will be useful in many manufacturing of FACT consumables, in automobile spare parts industry, in pharmacy sector (ways and means of streamlining pharmacy sector mentioned in by 2011 Simple and effective reforms CENTRAL PHARMACY NETWORK AUTHORITY, as well as in HEALTH CARE FOR ALL document, all the above measures will ensure all goods manufactured are taxed and no un authorised manufacturing/ trading occurs and enhanced tax collection for both local, state and central government. Also in addition making it mandatory the real time online flow of data of manufacturing, trading by creating a VPN data hub of each manufacturing unit, each distribution, each dealer, each retail sale point stock in movement, stock in store will certainly eliminate the Zero Trade to a great extent. NEED FOR DE LICENSING THE NATURAL RESOURCES LICENSING TO THE PRIVATE OPERATORS ESPECIALLY THE TRADERS, ONLY LIMITED SHARING CAPTIVE CONSUMPTION SHOULD BE ALLOWED As it is fact that most of the natural resources are being extended to the the private with an intension of creating better infrastructure when natural resources are the wealth of all people in the country i.e the common wealth of 121 core people of the country in general, as per rule of natural law for the people who are natives of the place????, but strangely they are becoming perennial avalanching revenue providers for
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few select industrial giants and individuals and the wealth of the common people i.e the government is becoming wealth of private individuals/industries by just paying minuscule percentage of cost of production, excavation of the natural resource as royalty and earning exuberated profits in one or other manner but strangely they pay little taxes on accounts of accrued profits?????; as natural resources are primary used as raw material for production of ELECTRIC POWER, used in industries for manufacturing of STEEL, ALUMINIUM, CEMENT etc used in the creation of infrastructure, in order keep the cost of creation of infrastructure the government should immediately cancel all licences issued to all private for excavation of natural resources and government must provide only rising contract for them. Only that captive consumption should be allowed to excavate at the rate of excavation by any other similar company and sharing of the asset with such industries in the vicinity for ensuring maximum utilisation of natural resources for better production. Many educated people are feeling without this the revenue earnings are being extended to select few subordinating the interest of 1.21 billion populations for the interest of select few vested interests????? the above measure will leave no room for any kind of controversies in mining as all mines are public properties under government custody and only rising/excavation should be done by govt or may give to private in case private wish to invest for that purpose with no rights for private on the material excavated, the revenues for private is more or less only on the investment for machinery, labour for excavation. This measure will certainly bring billions of Rupees of additional revenues to the government, in addition the cost of production of finished product thus overall reduction of cost of infrastructure. Also it is fact that the above measures will reduce the import of raw material for the above sectors to a great extent, the cost of raw material also be reduced to a great extent, also it should be ideal that all the PSU and Govt MINING companies should operate and excavate the material and sell at no loss no profit to bring down the cost of raw material to other govt, private raw material users like POWER, STEEL developers etc to being the overall cost of products, reduced infrastructure costs?? Also it should be made mandatory that all captive consumption units should be fixed the cost of excavation of material and the raw material cost should be same as government fixed cost, in addition making it mandatory that all private power, cement developers should sell part of their turnover at zero profit for use by the government for its infrastructure development for public utility. Also many educated DALITS/TRIBALS are feeling that when it is naked truth that almost all the natural resources in the country are situated in thick TRIBAL, DALIT HABITATIONS which clearly indicate as the law of natural justice the first right on these properties/assets goes to all TRIBALS, DALITS but strangely governments are just collecting miniscule of royalty on the assets and proving so called welfare measures to the
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DALITS and ADIVASIS as majority of the welfare scheme availers are DALITS and ADIVASIS and also it is hard fact that over 60% of the AGRICULTURE LABOUR IN THE COUNTRY ARE DALITS AND ADIVASIS, who are working hard to feed the rest of the 121 core population of the country, but the fruits of natural assets which the DALITS and ADIVAS are first right holders are starving when the select few business class are exorbitantly thriving???????? when ALMIGHTY HAS PROVIDED DALITS, ADIVASIS IN INDIA WITH RICH MINERAL RESOURCES, why the DALITS, ADIVASIS who are sat present majority of the poorest of the poor in the country, majority of their children are malnutritional with low BMI, majority of their girls, women are anaemic, and most of the people live in pathetic condition, in addition most shamefully majority of the women, girls in forced flush trade in INDIA are from DALITS and ADIVASIS, then why these DALITS. ADIVASIS should live at the mercy of other vested interests and also live at the mercy of welfare schemes NEED FOR ENHANCING AGRICULTURE PRODUCTION BY CREATING APPROPRIATE NECESSARY INPUTS IN A COST EFFECTIVE MANNER TO PRODUCE MORE TO REDUCE AGRI IMPORTS, AND ENHANCE AGRI EXPORTS; IN ADDITION NEED FOR CREATION OF ACCOUNTABILITY OF AGRICULTURE PRODUCE TO REDUCE THE MISUSE OF TAX EXEMPTION ON ACCOUNT OF AGRICULTURE INCOME, IN ADDITION TAXING AGRICULTURE INCOME ABOVE CERTAIN LIMIT Also since India is mostly agrarian country as more than 75% of population agriculture is providing agriculture and its related sector providing livelihood, it is very necessary to enhance the agriculture sector both proving opportunity for exports in the raw products and finished products like RICE, SUGAR etc, also to enhance production of raw/finished products of agriculture like sunflower oil seeds, pulses etc to reduce the import of EDIBLE OIL as well as PULSES. Also need for creation of more agriculture storage facilities, creation of facilities for more agriculture like water availability, power availability, the fertilizer availability etc through micro managing from each village level onwards by crating Vac‟s the VILLAGE AGRICULTURE COOPERATIVE ASSOCIATIONS (as suggested in my FOOD FOR ALL document OCT 2012); also need for proper agriculture produce management by fixing the minimum and maximum sale price by procuring the agriculture produce by the government in each village/mandal and re sale to the traders, fixing minimum support price sale for agriculture each mandal wise/ district wise to ensure at least 25% profit will be earned by the cultivators after deducting all the expenses towards water, power, fertilizers, pesticides, seeds and labour costs in addition to mandatory crop insurance. This measure will certainly encourage the agriculture as profession and at least make the cultivators
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to remain as cultivators by preventing them to migrate to cities as labourers??????? Need for creation of accountability of yield of agricultural production by ensuring every agricultural produce is recorded as per land holding of the cultivatable land each village wise to eliminate fake income earned through agriculture produce, also need to being large scale agriculture in the tax net, also making all agriculture produce is procured by government and trade is monitored by fixing minimum and maximum sale price of all agriculture produce, processed food using similar type of process of manufacturing processing, this measure is useful in enhancing the tax net. NEED FOR REGULATION OF BANKING SYSTEMS TO ENSURE WIN WIN SITUATION, INCREASED ENTREPRENEURSHIP, EMPLOYMENT IN THE MSME SECTOR, NEED TO REDUCE THE NPA‟s, MAKING BANKING A REAL SOCIO–ECONOMIC BRIDGE BETWEEN BETTER SOCIAL LIVING AND GROWTH OF ECONOMY BY CHARGING THE RATE OF INTEREST LOWEST FOR SMALL LOANS, HIGHEST FOR THE LARGE LOANS, BARRING „ULTRA RICH‟ FROM AVAILING BANK LOANS FOR PERSONAL PURPOSE. In addition classification of interest rates of banks based on the income group of the loan availed i.e. one interest rate for all loans below say Rs one lakh, other interest rate for Rs 1 lakh to Rs 10 lakhs, Rs 10 lakhs to 50 lakhs and Rs 50 lakhs and above one rate of interest with rate of interest in the upward direction, from small loan to big loan, also different rates for different purpose of usage i.e. for capital, operating expenses, fixed assets (machinery, building, housing etc), movable assets (vehicles, shares etc), based on the rate of depreciation of the assets, also based on the percentage of margin money pumped in by the loan availed etc, all rates in the geometrical progression from small loan to big loan; this measure will certainly being the real change in the entire banking system, after all banks lending money accrued by savings from millions of common people, banks should be treated as social enterprises serving the common interest in a WIN-WIN, it is necessary, (also it should be ideal to make systems in place to charge the interest rate based on the income group of the person seeking loan, all BPL, Low Income group one rate of interest, all middle income group one rate of interest, all higher income group one rate of interest, all ultra rich one rate of interest) should be acceptable when the different rates of income tax are in existence, the same should be applicable to earn the income?; this measure will ensure emergence of more self employment small business flourish due to fact more people will avail loan to do some entrepreneurship, also more loan availing of residential housing by the low income group and middle income groups (again different rates for owing first property, different rate for
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more than one property in the same family/individual), more accurate re payment of loan as interest burden is reduced. Also it should be mandatory that interest rates should be based on the time period of repayment, the shorter the re payment period the less the interest rate, but for any loan there should not be pre closure of loan account, but the amounts accrued for repayment of pre closer should be revealed in an affidavit form to ensure only legitimate taxed paid money used to repay the loan. Also it should be made mandatory that all personal loans the EMI should not exceed 50% of their monthly salary of the individual (in case of single earner in the family, in case of multiple income earners in the family or other legitimate source of earning they should be revealed to the bank at the time of availing loan). It should be ideal that direct deduction from the employer when before paying the salary to the EMI to the bank account. The affidavit for repayment to pre closure and not exceeding 50% of the salary amount will certainly make them adhere to legitimate practices to judiciously use the salary and not to look for corrupt money for repayment of loan, most many educated people believe that most of the government employees who avail loan on their personal name or their non working / private working family members the repayment by cash or bank deposit is mostly from the non disclosed income/ bribes????; Also it should be ideal that interest rates for the savings in banks should be in geometrical progression with higher interest rate for savings of all individuals belonging to Low income group, moderate interest for all those belonging to middle income group, low interest rate for savings from the higher income group, very low interest rate as in many developed countries (2% to 3%) for savings of Ultra rich. This will certainly create more social-economics of the banking system Also need for issue of all higher loans for the purpose of business by forming a monitoring consortium of the same line of industry at district/ state/ national level from the manufacturing/industry associations to ensure accurate purpose of loan availed, in addition judiciously ensuring earning of revenues, this measure is very necessary to prevent happening of “NPA‟s” by the higher loan avaliers. In addition there should be specific industry, trade wise expert groups within the CII, FICCI etc to set up expert groups in various fields of manufacturing, service industry to scrutinizing and monitoring the need for and use of loans availed by its member companies in order to ensure the smooth running of business and avoidance of/minimizing circumstances of NPA‟s. This measure is necessary as it is fact that all banks lend bllions of Rupees of loans to the large industries, some of the industries operate as per their will and wish just run the business till they get the loans, in between siphon of some amounts, create wealth abroad, make the industry accrue irreparable losses making the running the industry not possible and one closed the banks may not get recovery of even 10% of the lended funds, of course as many financial experts feel that it is partly due to connivance of the top
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bank officials with vested interests, making the banks go in huge loss due to NAP‟s of such accounts?????? but for small loan avaliers they make then run pillar to post to get loan sanctioned and recovery by harsh methods in small loan avaliers in case of default but the same yard stick, enthusiasm for recovery of big loans is completely missing.?????? Also making it mandatory barring banks from lending loans to high end luxury either vehicles or housing or holidaying for any individuals, if any individual wish they should be availed through their savings and not through bank loans (It is a fact that high end luxury is mostly imported, also it will produce very low ratio of employment to turnover of the company, due to fact that very few users of luxury goods and few outlets, repair and service require only those specific trained workers). Also making amendment in banking laws that banks should be barred from lending loans for vehicles, housing for above certain income earners like say whose annual income is above Rs two cores for their personal purpose as after all maximum people want to enjoy the luxury at the same time want deprecation on the value of the asset and that to the asset purchased from hard earned savings of millions of common people???, the above suggestion should be acceptable when banks like “SBI” are openly announcing they will lend four wheeler vehicle purchase loans only for those individuals whose annual income is above Rs 6 lacks, then there is nothing wrong in barring the loans for ultra rich for their personal purpose????; otherwise it is nothing but catching the small fish and feeding the big fish?????? As the funds in banks are hard savings of hard earned money of millions of common people cutting their basic expenses like food, health care???????, also it is fact when the electricity tariff is being paid as per usage, the more the units usage the more rate of payment, similar analogy can be applied to banking interest loans??????? In addition to following the spirit of views of “BANKING SECTOR REFORM” of the “Simple and effective reforms for controlling corruption ” 2011 DEC document will yield the desired results. MEASURES FOR CREATING FINANCIAL DISCIPLINE AMONG THE INCOME EARNERS, MAKING THEM JUDICIOUS USE OF MONEY, PLANNING, SAVINGS, ALSO BRINGING UN ORGANISED SECTOR EMPLOYMENT TO ORGANISED SECTOR EMPLOYMENT Also it is very necessary to inculcate the financial discipline among the people especially the working class by making it mandatory 25% (or average sum based on the size of family) of the monthly salary should be issued in PROVISION DEBIT CARD form, to be used for purchase of food/groceries to enable to spend fixed amount on food, all citizens, should be under health insurance cover, and in addition educating them use earnings judiciously with habit of savings from earnings, creation of fixed assets for secure life.
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Also need for stream lining the unorganised sector employment to organised sector employment; as mentioned in my documents on “Health care for all (AUG 2012) and Unorganised employment to organised employment (MAR 2013) that providing ID cards profession wise like electricians, plumbers, derivers, house maids, priests, laundry & washer men and Street vendors and Hawkers (recently GOI made proposal to issue ID cards for Street vendors and Hawkers); to start an example it is very important that electrician in every place from village to city, but it is an open fact that most of electricians are non qualified/certified and simply learned electrician job by practice from non professional trainers and also it is fact that their income earning is irrational; as such if government could issue ID cards for all the electrics by testing their skills, if necessary providing two day, week days / one month formal training in every district headquarters in every district, proving them mobile phone (in case they do not possess and adjust the cost in future billing) and make a state wise, national call centre to receive the request for electrician in any house hold in any electric repair, by locating the nearby electrician through mobile GPRS (like call taxi system), making fixed uniform rate for each and every service, also providing the electronic hand held billing machine with GPRS to issue accurate bill. This measure ensures safe, trained qualified/certified electrician is doing the repair job, in addition there will be guarantee for accurate service, in addition the price is fixed as far as advantages of users of service is concerned, where as for the individual electrician can earn fixed revenues, can have identity and command respect, also the health can be taken care by Government. This measure will not be any burden sum, either government can establishing district wise training centres on its own if they allocate budget else they can levy 0.05% special onetime turnover tax on all electrical goods manufacturers and importers to create a corpus fund for creation of necessary infrastructure for training the people. This measure will be same for other professions like plumbers, etc; this measure will bring the desired change in the lives of majority of the unorganised working class. Also it should be necessary to make all the working class, all other people whose annual income is above Rs 1,20,000 (0.12 million Rupees) should mandatorily submit in affidavit, on line submission of expenditure return about the expenditure /utilisation of the money earned statement with supporting evidences for all payments above Rs 1000. This measure will ensure absolute financial discipline in the income earners making them accountable for their expenditure to use the money earned judiciously, save for the future, this measure will certainly reduce the corruption to a certain extent in the government employees as their accountability of every item possessed at home is accountable and liable for punishments for wrong declaration on affidavit?????; also the savings will certainly either invested in stock market or in the banks and there will be possibility of more money circulation.
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CONCLUSION The above suggested measures like creation of CENTRAL PETROLEUM FUELS NETWORK AUTHORITY (CPFNA), CENTRAL TOLL TAX NETWORK AUTHORITY, CENTRAL CARGO MOVEMENTS MONITORING AUTHORITY, to regulate the subsidy burden, to ration the fuel issue, to prevent the Zero bill trade to earn more revenues through taxing every goods produced/traded and STATUTORY LICENCES DATA AUTHORITY to bring all the business in tax net to get more taxes, creation of CENTRAL BULLION TRADING AUTHORITY to monitor the billion trade in INDIA, also making mandatory use of multimode transport for education, government/PSU employees, creation of facilities for enhancing agriculture production to reduce agri imports and enhance the agri exports, enhancing indigenous production of electronics components to reduce import of electronic goods, enhanced revenues of forex through holiday tourism, medical tourism, in addition creation of more business/trade through self employment, MSME sector through “BANKING REFORMS” to charge the interest rate in geometrical progression from small loans to big loans, also making all ultra high income holders, net worth people availing bank loans for personal purpose, differential interest rate will encourage more individuals save money as well as avail loan from banks to become contributors of economy by millions of common people. In addition creation of financial discipline among the people, creation facilities to bring the un organised sector to organised sector, creating accountability for every single Rupee expenditure by every individual will certainly make the country as well as people of the country both health and happy economically as the above measures will certainly ensure surplus revenues to the government with CAD nil and at the same time catering the revenue demands for creation of infrastructure at the same time continuing the welfare measure for the needy people till they achieve economic independence individually, all this leads to INDIA a true super power nation. ***

JAI HIND

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