Modi wants you to pay tax (no more black money). Like the rest of the elite, they waste your money (no wonder taxes all across the world keep going up & up)

Here is the full article:

http://www.siasat.com/news/modis-ads-cost-taxpayer-rs-1100-crore-twice-much-mangalyaan-1075540/


Excerpts:

Modi’s ads cost the taxpayer Rs 1100 crore. Twice as much as Mangalyaan


The Union government has spent over Rs 1,100 crore in two and a half years on advertisements featuring Prime Minister Narendra Modi, a RIght to Information (RTI) query revealed.

This expenditure was between 1 June, 2014 and 31 August, 2016, according to information provided by the Union Information and Broadcasting Ministry in reply to an RTI application filed by activist Ramveer Singh.

The expenditure comes to about Rs 1.4 crore a day.

To put the figure in perspective, it is more than double the cost of the India’s Mars-mission. Mangalyaan, hailed as the world’s cheapest inter-planetary mission, cost India just Rs 450 crore.

This expenditure is only for ‘telecast/television, Internet and other electronic media’ and does not include other platforms like print advertisements, hoardings, posters, booklets and calendars. The total sum will be many times higher if these costs are also factored in.

Interestingly, the Aam Aadmi Party (AAP) government in Delhi came under heavy criticism earlier this year after a similar RTI query revealed that it was spending Rs 16 lakh a day on advertising.

The AAP government also attracted a lot of flak in 2015 for earmarking a total of Rs 526 crore for the purpose, for the entire financial year. The BJP, at that time, accused AAP chief Arvind Kejriwal of ‘self-glorification’, saying “AAP had become a party all about publicity”.

Amid disruptions & uproar, Bill to tax deposits passed in Lok Sabha..:

SPECIAL CORRESPONDENT NEW DELHI NOVEMBER 29, 2016 16:40 IST
UPDATED: NOVEMBER 29, 2016 23:08 IST


CURRENCY..: As per the amendment proposed, people who disclose black money to banks will have to pay 50 per cent tax, including surcharge and penalty.

Demonetisation.. Parliament proceedings..:
As per the proposed amendment, those caught illegally converting money will have to cough up 60 per cent tax plus penalties, which will come to 85 per cent.

In the midst of disruptions and adjournments, the Lok Sabha on Tuesday passed a Bill that seeks to tax money deposited in bank accounts post demonetization.

The Taxation Laws (2nd Amendment) Bill 2016 was passed in the lower House of Parliament without any debate, provoking strong protests from Opposition leaders.

“I urge the House to accept the amendments,” Finance Minister Arun Jaitley said while moving the Bill for passing, adding that the Bill will enable the government to implement schemes like the Garib Kalyan Kosh.

Finance Minister Arun Jaitley speaks in the Lok Sabha in New Delhi on Tuesday.

The new Taxation Laws (2nd Amendment) Bill 2016, got passed sans debate in the Lok Sabha on Tuesday, will entail a tax of 30 per cent of the income declared, an additional surcharge of 33 per cent of the tax amount, and a penalty of 10 per cent of the declared income. This adds up to a total liability of about 50 per cent. In addition, the amendment states that 25 per cent of the declared income is to be deposited in an interest-free deposit scheme with a lock-in of four years.

If undeclared, then the unexplained amount will face a flat tax of 60 per cent, a surcharge of 25 per cent of the tax amount, and a possible 10 per cent penalty at the discretion of the assessing officer. This takes the total levy on undeclared income or assets to as much as 85 per cent.

Only two amendments — by N.K. Premchandran of the Revolutionary Socialist Party and B. Mahtab of the Biju Janata Dal — were allowed. However, while Mr Premchandran refused to move the amendment as he was shouting slogans, Mr Mahtab’s amendment was negated by a voice vote.

Amid protests by several Opposition members, the Lok Sabha was adjourned four times on Tuesday.

Ref.: http://www.thehindu.com/news/national/Amid-disruptions-uproar-Bill-to-tax-deposits-passed-in-Lok-Sabha/article16720245.ece

In Kerala, we have overcome the effects of demonitization.

Banks have 10 min waiting time (Even on Dec 01) and ATM's are lineless. What we need next is increase in limits.

In TV they are focusing only on the negetive, showing that ATMs donot have money and Banks do not have money. This is mainly in North India.

From Chennai also, I am hearing from FB that the queue is very big and often money is not there.

Yesterday from NITI, the CEO advised that going technological is damn easy. All you need is a smart phone and an internet connection. If we (the rich and technologically sound people) could cut down our visit to the bank, we can end the queue / pain more easily.

In TV they are showing a lot of labourer's feeling the pain without any ATM or a bank account or Document proof.

Murali

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I am a Gents and not a Ladies.

In Bengaluru, IT dept. seized cash over 4 Cr and mostly in new 2k notes from an Engineer's place. They have suspected the involvement of bank manager. If no strong action taken against all the people involved, the purpose for whom common men/women queued for days, will be defeated.

On a lighter note - the new 2K notes are well hot and in demand for bribes.

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A Delhite in Toronto

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Originally posted by Delhite

the new 2K notes are well hot and in demand for bribes.

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Demonetization does not address the source of corruption or black money, so it is not going to end that. People will simply keep switching to whatever is the valid currency of the day. Other effects like countering fake currency, terrorism, hawala transactions is going to be temporary. Fake currency of 2000 rupees is going to be more profitable, so it is just a matter of time before some high quality fakes appear.

Real beneficiary of demonetization is going to be the banks and influx of money they have seen. There is talk about lowering interest rates for home loans. It is going to take several months to restore liquidity as well as printing new Rs. 500 notes, so Indian government is pushing use of cashless transactions, e-wallets, etc. They will keep issuing statements that RBI has enough money but when you go to bank or ATMs, they are going to be out of cash.

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Give free food http://www.thehungersite.com ||

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Originally posted by rajcanada


Real beneficiary of demonetization is going to be the banks and influx of money they have seen.

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