View all 7 comments Below 7 comments
This shall be simultaneously drilling out the concealed Black money of multiple baggage KEPT IN LAND HOLDINGS BEYOND CEILING LIMIT ; Corelate and tally the Land ownership Title of both Sub-Registry and Revenue Departments ; REINTRODUCE THE WEALTH TAX ON LAND ETC., PROPERTIES . more  
What is Arthakranti Proposal and who has given the proposal? “Arthakranti Proposal” has been given by a Pune (Maharashtra) based “Arthakranti Sansthan” which is an Economic Advisory body constituted by a group of Chartered Accountants and Engineers. This funda has been patented by the Sansthan. Arthakranti Proposal is an effective and guaranteed solution of Black Money Generation, Price rise and Inflation, Corruption, Fiscal Deficit, Unemployment, Ransom, GDP and industrial growth, terrorism and good governance. What is in the Proposal ? “Arthakranti Proposal has FIVE point of actions simultaneously. (1) Scrap all 56 Taxes including income tax excluding import duty. (2) Recall and scrap high denomination currencies of 1000, 500 and 100 rupees. (3) All high value transaction to be made only through banking system like cheque, DD, online and electronic. (4) Fix limit of cash transaction and no taxing on cash transaction. (5) For Govt. revenue collection introduce single point tax system through banking system – Banking Transaction Tax (2% to 0.7%) on only Credit Amount Important Points to note: (1) As on today total banking transaction is more than 2.7 lakh crores per day say more than 800 lakh crores annually. (2) Less than 20% transaction is made through banking system as on today and more than 80% transaction made in cash only, which is not traceable. (3) 78% of Indian population spend less than 20/- rupees daily why they need 1000/- rupee note. What will happen if All FIFTY SIX Taxes including income tax scrapped : (1) Salaried people will bring home more money which will increase purchasing power of the family. (2) All commodities including Petrol, Diesel, FMCG will become cheaper by 35% to 52% . (3) No question of Tax evasion so no black money generation. (4) Business sector will get boosted. So self employment. What will happen if 1000/ 500/ 100 Rupees currency notes recalled and scrapped : (1) Corruption through cash will stopped 100%. (2) Black money will be either converted to white or will vanish as billions of 1000/500/100 currency notes hidden in bags without use will become simple pieces of papers. (3) Unaccounted hidden huge cash is skyrocketing the prices of properties, land, houses, jewellery etc and hard earned money is loosing its value; this trend will stop immediately. (4) Kidnapping and ransom, “Supari killing” will stop. (5) Terrorism supported by cash transaction will stop. (6) Cannot buy high value property in cash showing very less registry prices. (7) Circulation of “Fake Currency” will stop because fake currency printing for less value notes will not be viable. What will happen when Banking Transaction Tax (2% to 0.7%) is implemented : (1) As on today if BTT is implemented govt can fetch 800 x 2% = 16 lakh crore where as current taxing system is generating less than 14 lakh crore revenue. (2)When 50% of total transaction will be covered by BTT sizing 2000 to 2500 lakh crores, Govt will need to fix BTT as low as 1% to 0.7% and this will boost again banking transaction many fold. (3) No separate machinery like income tax department will be needed and tax amount will directly deposited in State/Central/District administration account immediately. (4) As transaction tax amount will be very less, public will prefer it instead paying huge amount against directly/indirectly FIFTY SIX taxes. (5) There will be no tax evasion and govt will get huge revenue for development and employment generation. (6) For any special revenue for special projects, govt can slightly raise BTT say from 1% to 1.2% and this 0.2% increase will generate 4,00,000 crores additional fund. Effect of if implemented today : (01)Prices of all things will come down. (02)Salaried people will get more cash in hand. (03)Purchasing power of Society will increase. (04)Demand will boost, so will production and industrialisation and ultimately more employment opportunity for youth. (05) Surplus revenue to the govt for effective health/ education/ infrastructure/ security/ social works. (06) Cheaper and easy loans from banks, interest rate will come down. (07) Tendency of society will changes from scarcity to quantity. (08) Spare money for political system for clean politics, (09) Prices of land/ property will come down, (10) No need to export beef to cover up trade deficit t11) Sufficient fund for research and development. (12) Society will be free from “Bad elements”. A very nice n simple compilation with logical impact. Worth sharing!! more  
William Varghese would like to connect on LinkedIn. How would you like to respond? Accept: https://www.linkedin.com/e/v2?e=3m8ku5-if6iw5q2-1o&a=preRegInvite&ek=second_guest_reminder_01&li=7&m=hero&ts=accept_text&sharedKey=iyEWVBuL&invitationID=6050245008118804480 View William Varghese's profile: https://www.linkedin.com/comm/profile/view?id=AAsAAAvNYf4Bio3AKIl42sRwaAczkTECk2kIfMY&trk=eml-second_guest_reminder_01-hero-8-profile_text&trkEmail=eml-second_guest_reminder_01-hero-8-profile_text-null-3m8ku5%7Eif6iw5q2%7E1o You received an invitation to connect. LinkedIn will use your email address to make suggestions to our members in features like People You May Know. Unsubscribe here: https://www.linkedin.com/e/v2?e=3m8ku5-if6iw5q2-1o&t=lun&midToken=AQFmrFVhGEd36Q&ek=second_guest_reminder_01&li=12&m=unsub&ts=HTML&eid=3m8ku5-if6iw5q2-1o&loid=AQFCORrHlja4uwAAAVAeXlEAyIwY6SYl3_oZXYQlaYUliGKqbsof8Rkz4G1ICmv94cILR_g36t9eDpQtj5IzxudZ9rux3iRwXtQtJUUXU8DW99uEd5ZVs8ADAucUAKfn24rZMsbURdlRXwatBnHztKNF This email was sent to www.send_liked_post_email++fdaelkiygxvv++trmqvvgxlkqs@localcirclesmail.com. If you need assistance or have questions, please contact LinkedIn Customer Service: https://www.linkedin.com/e/v2?e=3m8ku5-if6iw5q2-1o&a=customerServiceUrl&ek=second_guest_reminder_01 © 2015 LinkedIn Corporation, 2029 Stierlin Court, Mountain View CA 94043. LinkedIn and the LinkedIn logo are registered trademarks of LinkedIn. more  
William Varghese would like to connect on LinkedIn. How would you like to respond? Accept: https://www.linkedin.com/e/v2?e=3m8ku5-iewio1d6-2e&a=preRegInvite&ek=first_guest_reminder_01&li=4&m=hero&ts=accept_text&sharedKey=iyEWVBuL&invitationID=6050245008118804480 View William Varghese's profile: https://www.linkedin.com/e/v2?e=3m8ku5-iewio1d6-2e&t=npv&ek=first_guest_reminder_01&li=5&m=hero&ts=profile_text&memberID=198009342 You received an invitation to connect. LinkedIn will use your email address to make suggestions to our members in features like People You May Know. Unsubscribe here: https://www.linkedin.com/e/v2?e=3m8ku5-iewio1d6-2e&t=lun&midToken=AQFmrFVhGEd36Q&ek=first_guest_reminder_01&li=8&m=unsub&ts=HTML&eid=3m8ku5-iewio1d6-2e&loid=AQFir2V1QFeb6AAAAU_6TnKVzxDmJW8HGlTBUlo-ufcDLo39xoA53E7_fIFwZqpz92ejn9KpnWlC03k0h9zrKaWMfMGCAAJ5EZIBvut6JJnwx2nGAXsoK_D88pSSUgupugH4I5ZbJJkOd2rRlHhUavVP This email was sent to www.send_liked_post_email++fdaelkiygxvv++trmqvvgxlkqs@localcirclesmail.com. If you need assistance or have questions, please contact LinkedIn Customer Service: https://www.linkedin.com/e/v2?e=3m8ku5-iewio1d6-2e&a=customerServiceUrl&ek=first_guest_reminder_01 © 2015 LinkedIn Corporation, 2029 Stierlin Court, Mountain View CA 94043. LinkedIn and the LinkedIn logo are registered trademarks of LinkedIn. more  
Thank you Sir On Wednesday, 26 November 2014 12:47 PM, Jayakrishnan Alambath wrote: more  
Post a Comment

Related Posts

    • Clowns in Paradise

      Really pissed off. Time is ticking - already effectively, nearly 15% of the 3rd term is over (because you can't do anything in last few months leading up to elections). And the Government appears t...

      By Sudesh Rai
      /
    • Clueless parliamentarians of India

      Successful countries talk about their present. Struggling countries keep talking about their past. China talks about its dominance in the EV industry. China talks about trains that run ...

      By Ruchika L Maheshwari
      /
    • Why tourism sector is broken in India

      There is an easier hypothesis why holidays in India have become Ultra expensive. Most of the luxury hotels in India are not a source of livelihood for the people who run them. It is not ...

      By Satvik Singh
      /
    • Major squeeze in middle class

      Our savings rate is at 5 decade low. Our consumption of even essential FMCG goods has slowed down. Two key essentials of every kitchen - wheat and oil, hugely impacted by infl...

      By Radha Puri
      /
    • Rampant Milk Adulteration

      Over 21700 kilos of chemicals recovered from the factory of Ajay Agarwal of Agarwal Traders of Bulandshahr. 500 liters of milk can be prepared from 1 kg of chemical. One man in one city. In the e...

      By Ashima Gupta
      /
    • Electric Cars in India

      Our friends undertook a Bengaluru to Hyderabad journey in an all Electric car attempting to be at mercy of roadside EV Charging Stations. They left Bengaluru at 230 pm and reached Hyder...

      By Shikha Chhabra
      /
    • Lost Decade of India

      Basic problems India had in 2014:- - Corruption - Reservation - Pollution - Lack of jobs - Not growing fast enough to build genuine wealth Basic proble...

      By Rohit Garg
      /
    • Tourism in India

      I am a yoga expert who has spent considerable amount of time learning the same in India. Many of my friends are unsure about visiting India because of visa process and then having to figure out how...

      By Ashley Jones
      /
    • Fuel price cuts needed

      Crude price has fallen by 15%-17% in last 6 months Fuel price in India, has not fallen in last 6 months to that extent (of crude price decline) Inflation continues to remain high; o...

      By Ruchika L Maheshwari
      /
    • One nation one election approved bh cabinet

      Something that I had demanded on this very platform has been approved by cabinet of India today.

      By RN Chopra
      /
    • Excessive pricing of food at airport

      I am glad LC manager ran this poll. During Diwali travel coffee and croissant for 6 of us at Delhi airport was 2300 rupees. Clearly something that at market rates would be 1200 rupees an...

      By Mukul Puri
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)