Posted on: 10-11-11 11:49:37
Quote:
Originally posted by Delhite
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Well said and a very true picture....the situation of Delhi is even worst. You can go faster on bicycle than a car. No more space to park the cars. Most of the roads/streets are occupied by ideally parked cars. The houses are extended over to the roads. The house prices are in crores. An average house of around 250 yards is around 10 crores which is around 2 million dollars. You can buy a mansion in 2 million dollars in Toronto. Can't figure out how come one can earn/save this much of money in lifetime.
Black money, people have few hundred crores to few thousand crores sitting with them. When someone gets caught in corruption, the assets they have is at least few hundred crores.
EMI for Rs. 1 crore apartment would be around Rs. 1 lakh per month. How many salaried people can afford to pay that kind of housing loan?
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Delhi situation is interesting. Even after the introduction of rail system in the city, there is still traffic. When the Metro rail in Bangalore was coming up, all the concerned shouted from the rooftop that it will reduce traffic since everyone will use the metro rail. If that were to be the case in Delhi, why there is so much traffic? Every day hundreds of vehicles are added to the city roads.
People have so much black money, its mind boggling. How many in India really pay income tax? May be 5% of the population? I know a businessman who doesn’t have even a PAN card. Basically he is not in the system. But he is having a great time with couple of cars and apartments. So much for the system in the country. People who follow rules, like me, end up paying taxes promptly.
About businessmen with black money, same was the case of the biggest retailer in Chennai, T.Nagar, Ranganathan Street. About 10 years ago, he applied for car loan through a bank and he had filed nil tax returns. The government can only be run by raising petrol and diesel prices, which also benefits corrupt businessmen, who hike prices disproportinately.
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On the contrary, when the USD was hitting 52 Rs., last month, the hiked petrol price was brought down first by Rs.2.20 initially and then by Re.0.80 per litre. May be the UP elections are round the corner. Goes to show that the entire pricing is stage managed by the cartel of Indian Oil, Bharath Petroleum and Hindustan Petroleum at the behest of the government.
Also, there are strong rumors that the black money is slowly finding its way back to India and the central government is withholding the names, till all of them have finished their rerouting. The government will release the names only when they have zero balance in their secret bank accounts.
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The other day MMS, giving his comments about subsidy used phrases like "we have to take hard decisions", "bite the bullet". It is as if the common man is giving the government and the rich tough time, posing problems, as if they have lined up and are shooting at them etc. But in reality, at least in India it it the other way about, the common man is the victim and the rich who do not pay their taxes and the government are the offenders.
One more proof is the following article in the The Business Line dated March 20, 2012.
"The Great Fuel Subsidy Hoax" by C.P. Chandrasekar and Jayati Ghosh".
Must Read for anyone wanting to know what is really happening in India.
Incidentally, Mr. Gurumurthy veteran journalist in his write up on this year's Budget "A Budget at war with the Finance Minister" in The Hindu dated March 19. 2012 says
"A tiny impost of 0.1% on the equity derivatives alone would yield some Rs.30,000 crores....."When actual sales and purchases of equity are taxed, why there cannot be a tax on futures and options. A levy of 0.1% would have netted 70 to 80,000 crores”
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For all their wrong doings the UPA met their fate in the 2014 elections and the BJP took over as if they are going to be the saviors.
If the common man thinks that his travails are over it is only a pipe dream. Far from doing anything on the black money, 2G, Coal etc., the government has decided to steal Rs.1.50 from every litre of petrol and diesel the common man fills up.
http://www.thehindubusinessline.com/news/excise-duty-on-petrol-diesel-hiked/article6594436.ece
Even in the case of the Vadra, the incumbent Haryana CM, he would study "all deals before "finally taking action". When is the CM going to finish "studying" the deals and when he is going to start "taking action"?
We believe that as far as corruption involving politicians are concerned, the "doctrine" propounded by one of the erstwhile Cong leaders (Was it Diggie or Salman), that politicians should not "target" their opponents children, is at work. And the politicians of the day taking advantage of this "doctrine" make all their illegal acts through their legal heirs.
Meanwhile for any shortfall in revenue, the fuel bill is always there. The Finance "Ministry" and not Jaitley happily announce that they are going to mobilize 6000 - 7000 crores in the next 5 months. What about the 1000s of crores of the illegal wealth stashed abroad? Do not ask him.
For all the Coat and Suit Modi may wear and wave his hand at NRIs abroad, as somebody said India is a "banana republic" and we are only "mango men".
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