I suggest MDs and CEO s to be made accountable for the performance of banks.in fact they should be asked to share the business plans they finalised with the branches so that their SOI should not be less than that. Further the committee system for loan sanctions needs to be reviewed. Except the poor branch heads no other line is sanctioning advance proposals under this system and hence all higher officials escape. Similarly inappropriate postings should be completely removed as if the top mgmt is not happy with a person he is being given lower level. If they find him not to be fit to the level then they should be asked to explain when and how they promoted, especially in case of posting to a lower position.
Refunds are Good. 1. Interest on Fixed Deposited should be exempted up to Rs.50000/- from Rs.50001 onwards tax collect at sources @ 1%. people are ready to build up the National Interest. Avoid taking 15G,15H. 2. Income -tax rates should start @2% or 3% people ready to pay now paying tax by below 4% of Population of India it will increase by Next two if it adopted. 3. Utilising the Latest communications give notice to the required and get the reply through it>it helpful time saving,cost saving.
I suggest low tax % for the higher income. Less % kala money bahar ayega. must be... 1. upto 10L- 20% above 10L- 10% (penalty 50% of total, if found evader of tax) 2. all other taxes to go. 3.Tax can be like... diff of tax on sale,purchase, expenditure.(set off system)
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