Tax policy
People have started assuming that they will get tax relief in the upcoming budget due to large collection of black money.
Instead of raising the tax limit, Govt should reduce the tax rate. If the time is too short (since budget is in Jan), remove the cess (swachh & education) so that relief is felt positively by the commonman more
Instead of raising the tax limit, Govt should reduce the tax rate. If the time is too short (since budget is in Jan), remove the cess (swachh & education) so that relief is felt positively by the commonman more
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The amount of NPA and doubtful loans in PSBs is a dent in Indian economy . Indeed hard earned taxpayers money has been looted by disbursing to all real estate developers , Adani , JIndals ,Mallya's and now theyare getting scot free. The bank managers are getting scott free. GOI and the PSVs are just hoodwinking common people of India..UP election result will tell the story .. we all are eagerly waiting for UP election results. more
Dec 10
The explanation given by Arvind Mohan is simply out of context . Nobody is denying the hadrship be it of bank employees or general public . Can Arvind understand the plight of common people ? Citizen of india is being denied to withdraw his/her own legal money . Even Supreme Court has come out with clear directive to pay the minimum quota of RS.24000 which banks are failing to disburse. Now will u start bame game and say its RBI's job to supply aadequate currency notes. I know wht is accounting and thats why I stand by my comments on fradulent loan and advance practice followed by some PSBs and the steps taken so far to recapitalise banking finance by GOI . Perhaps Mr. Arvind has to update his knowledge . more
Dec 10
This comment is made without understanding banking. First of all it has to be understood that bank employees are bearing the brunt of disruption caused by demonetisation. Their leaves are denied, they are working till late at night, everyday someone out of them finds his cash to be short and is forced to bear the shortage from his / her pocket, only to receive such uncharitable comments. As regards, write off of loans anybody knowing basic principles of accounting would know the difference between write-ff and waiver. Most of the NPAs are in the infrastructure sector backed by Govt. / State Govt guarantees. The Govt. forced banks to undertake this finance even though it created a big asset liability mismatch in their books. The problem got compounded due to delays in environmental clearances lead to increase in project costs without any financial support. Every industry / department has some corrupt officials and banks are no exception, but to paint entire class of bank officials with the same black brush is not correct more
Dec 10
activities by Bank Officials in the present situation left much to be deserved. In act demonitisation has been introduced by PM with the main objective of financing banks and improve their capitalisation ( although CASA is not part of Tier 1 or tier 2 ) . BUt unfortunately banks officials have gone scott free in spite of not realising loan from industrialists which has forced them to write off loans . This ia an open corruption by Bank officials particularly PSBs. Bank officals are resorting to same corrupt practices by restricitng circculation of cash in ATMs and Branches . I would urge to start internal audit of all PSBs and major private sector branches like ICICI and HDFC . Already some bank officials have been caught . Hope some more who are indulging in such corrupt practices are broght to books immediately by law enforcement agencies more
Dec 06
