Re: Fwd: [MTC Global]

Surely, such policies will help our country turn into a different development path. Lets pray for the plans to get executed and to get further development in real terms happened.  

 

DR. JAYASRI INDIRAN

Assistant Professor-HR

Rajagiri Centre for Business Studies

Rajagiri Valley Post

Kakkanad

Cochin-682039

Mob.: +91-8129650401

Email: jayasri@rajagiri.edu

WE SHOULD NOT WASTE OUR TIME AND ENERGY IN JUSTIFYING OURSELVES TO THOSE WHO ARE COMMITTED TO MISTAKE US...!!!

On Sunday, 29 May 2016 7:52 PM, M.K.Sridhar Makam <bharathwaasi@gmail.com> wrote:

For the attention of Dr Gangadhar Banerjee

 

 

M.K.Sridhar, Ph.D.,

Professor & Coordinator,

Canara Bank School of Management Studies

(Post Graduate Department of Management)

Bangalore University 

Old Pareeksha Bhavan,

Jnana Bharati Campus

Bangalore-560 056

Ph:- 080-22961973, Cell 98452 22573 (In case of urgency only)

bharathwaasi@gmail.com (personal)

---------- Forwarded message ----------
From: Devi Prasad <prdprasad@gmail.com>
Date: 29 May 2016 at 17:56
Subject: Re: [MTC Global]
To: "M.K.Sridhar Makam" <bharathwaasi@gmail.com>
Cc: "M.V. Ravi kumar" <ravikumar.50@gmail.com>, Jeevan Kumar <jeeves0607@yahoo.com>, M P Kumar <kumar@globaledgesoft.com>, Kv Raju <kvraju2008@gmail.com>, Jayadev M <jayadevm@iimb.ernet.in>, Vaidyanathan R <vaidya@iimb.ernet.in>, Vishnukanth Chatpalli <profvchat@gmail.com>, "R.Karunamoorthy Raghulan" <ramnavami2002@gmail.com>, Ravi A <ravi.aram@gmail.com>, ravindra mp <muthya47@gmail.com>, Gopal Mahapatra <gopal.mahapatra@gmail.com>, Gopala Krishna <dgopalakrishna33@gmail.com>, Narayana reddy <profpnr@yahoo.co.in>, Arkalgud Ramaprasad <arkalgud3@gmail.com>, yashavantha dongre <ydongre@gmail.com>

Dear Professor Sridhar many thanks for sharing. Banking is in the Union list. To go by Artha Kranti  proposal as suggested our Banking system has to be robust.

I guess Arthakranti has also briefed the PM on the need for a new system for selecting appointing the Governor RBI and making him/her accountable to Parliament, through a Committee (with confidentiality clause applicable to those MPs, as and where necessary). Besides, some Constitutional amendments relating to the role of Finance Commission  also need to be looked into. So also, constitutional amendments to dilute taxation  powers of the state governments. 

Politically, Artha kranti should be attractive to the present government as they can  "forget GST" and opt  for banking route to raise resources and to fund infrastructure, finance military budget, and discharge interest liabilities on past debt. 

Best regards

Devi Prasad

B10-1801

Best Regards

Devi Prasad

On Sun, May 29, 2016 at 5:34 PM, M.K.Sridhar Makam <bharathwaasi@gmail.com> wrote:

fyi

 

 

M.K.Sridhar, Ph.D.,

Professor & Coordinator,

Canara Bank School of Management Studies

(Post Graduate Department of Management)

Bangalore University 

Old Pareeksha Bhavan,

Jnana Bharati Campus

Bangalore-560 056

Ph:- 080-22961973, Cell 98452 22573 (In case of urgency only)

bharathwaasi@gmail.com (personal)

---------- Forwarded message ----------
From: Gangadhar Banerjee <gangadhar.banerjee@gmail.com>
Date: 29 May 2016 at 12:53
Subject: Re: [MTC Global]
To: join_mtc@googlegroups.com

This message is eligible for Automatic Cleanup! (gangadhar.banerjee@gmail.com) Add cleanup rule | More info

I must congratulate the Sanasthan to explore such innovative strategies which are based on SMART (Specific, measurable,attainable, reasonable,  and time frame)  principle. I am sure under the dynamic and magnificent leadership of The Honourable Prime Minister, the  economy will be stable and suggestions/ recommendations , if not fully, will be implemented. He has done miracles in stopping linkages in gas connections, supply of  food materials through non-existing ration card holders, coal gate and so many. I am  fully confident of his capability realisation of ground level reality. Let us pray to Almighty that he should continue minimum three terms.

Dr Gangadhar Banerjee, Hard Core Researcher

On Sat, May 28, 2016 at 11:39 PM, Usha Gowri <usha.gowri@gmail.com> wrote:

Anil Bokil , one of the key member of Arthakranti Sansthan was given time to share to PM Modi. He was given 9min for sharing but Mr Modi heard him for 2 hrs.

Arthakranti Proposal

What is Arthakranti Proposal and who hasgiven 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

(11) 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!!

"ArthaKranti proposal -It will Fully Change India" on YouTube -https://youtu.be/GVfmUmB0bpM

Forward it to all and spread awareness about the proposal.

LikeShow more reactions

CommentShare

77

1 comment

1 share

Comments

Shrikant Sathe Wow wounderful if implementing it will like Sun direction changed

Like · Reply · 2 hrs

Write a comment...

 

My competition is not against the runner next to me.It is against the runner inside of me.

Let go or get dragged.

--
The views expressed are individual and not necessarily MTC Global also share the same views.
---
You received this message because you are subscribed to the Google Groups "Management Teachers Consortium, Global" group.
To unsubscribe from this group and stop receiving emails from it, send an email to join_mtc+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.

--

Dr.Gangadhar Banerjee
Ph. D. (Eco.), M.A., L.L.B, (Ex. General Manager, NABARD)

Professor, Vivekanand Education Soceity's Institute of Management

Studies and Research (VESIMSR), Chembur, Mumbai

 

Contact no: +91 9969178132 

--
The views expressed are individual and not necessarily MTC Global also share the same views.
---
You received this message because you are subscribed to the Google Groups "Management Teachers Consortium, Global" group.
To unsubscribe from this group and stop receiving emails from it, send an email to join_mtc+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.

--

Best Regards
Devi Prasad
Alternate email: prdprasad@yahoo.com

--
The views expressed are individual and not necessarily MTC Global also share the same views.
---
You received this message because you are subscribed to the Google Groups "Management Teachers Consortium, Global" group.
To unsubscribe from this group and stop receiving emails from it, send an email to join_mtc+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.