REMEMBERING GANDHI ON HIS 150TH BIRTH-ANNIVERSARY THROUGH COMMEMORATIVE COINS OF GOLD AND SILVER COINSWednesday, 28 August 2019 14:44 Written by odishabarta
New Delhi,26/08/19:Prime Minister in his Man-ki-Baat on 25.08.2019 indicated that his government is going to celebrate 150th Gandhi birth-anniversary in a big way. It is evident that new commemorative coins are likely to be issued on 02.10.2019 along with a series of commemorative postal-stamps like were issued on Gandhi birth-centenary on 02.10.1969. But it should be ensured that commemoration of the occasion through coins should be for masses also like was on 02.10.1969 when silver-alloy coins of ten-rupee denomination were provided to general public on face-value right from date of release on 02.10.1969 like commemorative postal-stamps are sold.
It may be mentioned that later system of issue of commemorative coins on face-value was abolished and instead system of issuing only coin-sets at an exorbitant price that also through a cumbersome and unpractical system of advance-booking was introduced where also purpose of commemorating an occasion with coins was demolished with booked coin-sets reaching to aspirants after months of release of coins but only to VVIPs on the date of issue.
Silver-alloy coin-sets should have face-value about double the metal-value at time of release and must be available to general public at face-value through convenient sale-points like philatical-counters, all RBI offices and selected branches of private and public sector banks together with commemorative coins issued in other denominations right from date of release together with coin-sets to make masses part of commemoration through coins rather than only political rulers given coin-sets free-of-cost at the function organized to release commemorative coins.
Face-value of sliver-alloy coin to be issued on 02.10.2019 must not be unrealistic rupees 150, but can be realistic rupees 1000 so as to be issued on face-value. However to prevent fake and duplicate coins, these high-value silver-alloy coins can be packed in tamper-proof plastic-packs with serial-numbers. Likewise Coins with five-gms gold with face-value can also be issued at face-value of rupees 5000 in attractive tamperproof plastic-packs with serial numbers. All such steps will generate appreciable revenue-earning since such high-value coins never come in circulation. Sale of round-shaped silver or gold coins prepared in private sector should then be banned to further prevent manufacture of fake and duplicate coins.
“I LOST BEST FRIEND,NARENDRA MODI,PRIME MINISTER”
New Delhi,24/08/19:Arun Jaitley, the former finance minister and a stalwart of the Bharatiya Janata Party, passed away on Saturday at AIIMS hospital in New Delhi. He was 66 years old.
Arun Jaitley was rushed to All India Institute of Medical Sciences on August 9 after he complained of breathlessness and restlessness. He was kept under observation at the Cardio-Neuro-Centre of the hospital, however, his condition kept on deteriorating.
Arun Jaitley's last rites will be performed on Sunday afternoon at the Nigambodh Ghat in New Delhi.
Jaitley, 66, a senior leader of the Bharatiya Janata Party (BJP), stepped down as finance minister in January due to ill health, just months before elections that returned Modi's Hindu nationalists to power.
"With the demise of Arun Jaitley Ji, I have lost a valued friend, whom I have had the honour of knowing for decades," PM Modi said on Twitter. "His insight on issues and nuanced understanding of matters had very few parallels."
Announcing Arun Jaitley's demise, AIIMS issued a statement saying, "It is with profound grief that we inform about the sad demise of Shri Arun Jaitley, Hon'ble Member of Parliament and former Finance Minister Government of India at 12:07 pm on August 24, 2019. Arun Jaitley was admitted in AIIMS, New Delhi on 09/08/2019 and was treated by a multidisciplinary team of senior Doctors."
Arun Jaitley was unwell for a large part of the last two years. In 2018, Arun Jaitley underwent a kidney transplant surgery, following which he was put under isolation. Four years earlier, in 2014, Arun Jaitley underwent a bariatric surgery to address the excess weight he had gained due to diabetes.
During the Narendra Modi government's first term in office, Arun Jaitley was seen as the prime minister's 'go-to' man. Jaitley was the one to take on the responsibilities of temporarily handling ministries other than his primary portfolio of finance.
New Dehi,23/08/19:It refers to Bombay High Court asking Reserve Bank of India RBI to file a reply on a Public-Interest-Litigation PIL filed by The National Association for the Blind, seeking RBI assurance that sizes of currency-notes will not be changed in future, because it creates problem for visually challenged people who take time to get familiar with new sized currency.
But it was after more than half-century that currency-size was last changed in the year 1967. Problem was caused because new-sized currency in different denominations was introduced in phases ranging to more than two years after it started just after demonetisation of old currency notes of rupees 500 and 1000 on 08.11.2016. RBI should rather assure that in future currency-size if required to be changed will be done in one go for notes of all denominations.
Main problem was in respect of coins when new two-rupee coins were introduced some years ago exactly in same size, shape and weight of then prevailing old one-rupee coins, where coin-blanks of prepared for (old) one-rupee coins were used to mint new-sized two-rupee coins. It created big confusion and problem even to normal people what to say about visually challenged people. RBI should also ensure that similar sized coins in different denominations may not be simultaneously in circulation.
Bombay High Court should also simultaneously take cognizance of totally unpopular and at times unacceptable coins of rupees ten and now-to-be introduced twenty-rupee coins. System should be to have either coins or currency-notes for a particular denomination.
RBI should stop minting of coins of rupees ten and twenty, and instead introduce plastic-currency with longer life in these two denominations as assured long back by the then Union Minister of Finance Namo Narain Meena on 12.03.2013 in a written reply in Rajya Sabha. One-rupee notes re-started just for bureaucratic craze of bearing their signatures should be discontinued to be printed as these are not even seen by members of public ever since these were re-issued on 06.03.2015 after a gap of two decades.
# Input; Subash Agarwal
New Delhi,24/08/19:It refers to high-level press-conference held on 23.08.2019 by Union Finance Minister (FM) with all the secretary-level officers joining her to reply to questions by media-persons. FM announced many measures in a bid to remove fear-psychology developed amongst tax-payers by withdrawing criminal action for normal tax-related violations.
But too much attention was given to auto-industry by reducing interest on car-loans, doubling depreciation to 30-percent and announcing large-scale purchase of new cars for government departments and ministries to replace old ones. Huge purchase of new cars by government will heavily burden public-exchequers leading to tax-burden or deficit-economy both of which will result in price-increase. Even if new cars are to be purchased for governments, rule should be that these must be economy cars with maximum ex-showroom price of say rupees 10 lakhs.
But boost in economy can only be there if drastic steps are taken to boost real-estate being third biggest sector in Indian economy with 13.5-percent share and textile placed at tenth place with 4-percent share but having maximum work-force involved. Notably auto-industry given extra-ordinary boost is not placed amongst first ten sectors contributing to Indian economy. Capital-gain on properties should be reduced to ten-percent and registration-fees uniformly in all states at just two-percent for boosting real-estate. Such drastic reduction will tend to reduce element of black money in real-estate though ultimately resulting in extra revenue-earning.
Much-awaited Elephant-Bonds for a permanent Voluntary Disclosure Scheme together with compulsory deposit of all 2000-rupee notes in banks can provide huge flow of blocked unaccounted money in circulation without least affecting common persons.
Both real-estate and textiles can be exempted from GST like before on experimental basis. Adopting two tier system of ten and thirty percent GST replacing multiple rates of 0, 3, 5, 12, 18 and 28 percent together with abolishing corruption-generating Input-Tax-Credit ITC system from manufacturing and service sector can provide much more revenue through GST in simplified and user-friendly manner. Cess may be replaced by additional slabs in multiples of 50-percent.
#Input; Subash Agarwal
IT CAN HAPPEN ONLY IN INDIA WHERE PREMIUM POSTAL-SERVICE (SPEED POST) AVAILABLE AT FRACTION OF ORDINARY MAIL TARIFFFriday, 23 August 2019 03:44 Written by odishabarta
New Delhi,23/08/19:Postal tariff to mail an ordinary unreliable mail-article (local) weighing 500 gms will be rupees 125 (GST exempted) and through fast and assured delivery of Speed Post will cost just rupees 36 (inclusive of rupees six as GST). Such irrationality in mail-tariffs costs heavily to postal-department with premium postal-services like Speed Post not giving desired profits which may compensate heavy losses on subsidised postal-services like post-cards, inland-letter-cards, registered newspapers etc.
Postal-department has different mail-tariffs for local and non-local mail articles sent through premium postal-services like Speed Post, while it is uniform for ordinary postal-services. Premium postal-services have additive of GST, while no GST is added on ordinary postal-services. Imposing GST on selected premium postal-services is like putting revenue from one pocket to another that too with a bias between premium and ordinary postal-services. Tariffs for Speed Post and other premium postal-services should be common for local and non-local mail-articles. Tariffs for ordinary mail-tariff should be revised to rupees 10 per 50 gms or part instead of present rupees 5 per 20 gms or part. Speed Post tariff can be fixed commonly at rupees 20 or 30 (inclusive of GST if imposable) per 50 gms or part both for local and non-local mail-articles.
Foreign-mail tariffs can be fixed for 20 gms or part slab-weight independently for air and sea-surface-mail. Loss-making and unpopular inland-letter-cards should be abolished. However post-card may be retained but priced at rupee one only in meghdoot category where an appreciable part of revenue-loss is offset through sponsoring. All other types of post-cards (business or printed) can be priced at rupees ten. All postal-tariff should be in complete rupee rather than paises with tariff for registered newspapers fixed decades ago can be revised at rupee one.
Postal-department should stop delivering post-cards with rubber-stamps (printed category) to Akashvani where many regular listeners send their choices of film-songs by putting fixed rubber-stamps on ordinary post-cards which must be covered under printed category of post-cards.
New Delhi,21/08/19:Senior Congress leader and former Finance Minister P. Chidambaram, who surfaced dramatically at the AICC headquarters Wednesday evening, said he was “not hiding from the law but seeking protection of the law”.
“I was aghast that I was accused of hiding from the law. On the contrary, I was seeking protection of law. I was accused of running away from justice. On the contrary, I was engaged in the pursuit of justice,” Chidambaram told reporters.He said he would wait till Friday, when the Supreme Court had decided to hear his plea against his arrest.
“In the INX media case, I have not been accused of any offence, nor is anyone else, including any member of my family been accused of any offence. In fact, there is no charge sheet filed by either the CBI or the ED before a competent court. And statements recorded by the CBI does not impute to me any wrongdoing. Yet there is a widespread impression that grave offences have been committed, and my son and I have committed those offences.
“Nothing can be further from the truth. These are lies spread by pathological liars. When I was summoned by the CBI and then the ED to appear for questioning, I naturally sought interim protection against the arrest from the competent court. I was granted interim protection. I have enjoyed the interim protection for the last 13-15 months. The matters were finally heard.
“I was not hiding but I was working alongside my lawyers throughout the night and today to prepare the papers. We completed the task only this morning.
“My lawyers have told me that despite their impassioned pleas, the cases were not listed today, nor will they be listed tomorrow, but will only be listed on Friday. I bow down to the orders of the Supreme Court.
“Between now and Friday I shall walk with a clear conscience and my head held high. I shall respect the law even if it is applied with an unequal hand by the investigating agencies,” he said.
Following the press conference, he returned to his Jor Bagh residence.
On January 25, the Delhi High Court reserved order on Chidambaram’s bail plea in the case being probed by the Enforcement Directorate and the Central Bureau of Investigation (CBI).
The agencies had opposed Chidambaram’s bail plea, saying his custodial interrogation was necessary as he was evasive and had given false information during questioning.
CENTRAL GOVERNMENT SHOULD TAKE STEPS TO BRING TRANSGENDERS IN MAIN STREAMLINE
New Delhi,22/08/19:It refers to media-reports about just 22 transgender applying for under-graduate courses combinedly in thee universities in Delhi namely Delhi University, Jamia University and Ambedkar University, thus establishing that much more is desired from Central Government to bring transgender in main streamline.
Union government should constitute National Transgender Commission. Unrestricted admission to any educational institution (private or public) for free education to transgenders should be made compulsory without needing any reserved quota. Government should be duty-bound to make transgenders join mainstream with parents of new-born transgender child neither allowed nor necessitated to deject their transgender-child to be handed over to isolated society of old eunuchs for begging, dancing or resorting to some anti-social activities. Rather criminal action should be taken against those parents who may disown transgender-child. Eunuchs forcing parents to part away with transgender-children should likewise be arrested and punished with stringent-most framed legal provisions. Nothing can improve till effective measures are taken to make eunuchs come out from their regular profession of dancing and begging. It is to be noted that even some men posing as eunuchs resort to force people for giving them money.
While all other criterion for reservation like cast or religion is man-made, eunuchs are dominated section of society created by nature. It is indeed pity that even the respectable and affording families disown their own eunuch-children. Not only eunuchs should be given priority and reservation in government-jobs, but also private institutions giving employment of eunuchs should be encouraged by providing special subsidy on wages paid to eunuchs by private establishments. Seats should be reserved for eunuchs in legislature and in public-sector jobs.
CONGRESS TRADITIONALLY FAVOURS LAW-BREAKING FORMER LAW-MAKERS IN MATTER OF VACATION OF GOVERNMENT- ACCOMMODATIONSThursday, 22 August 2019 03:49 Written by odishabarta
New Delhi,22/08/19:It refers to a Congress spokesperson opposing the right approach of a parliamentary-panel to cut electricity and water supply of about 200 former Parliamentarians within next three days who have failed to vacate government-accommodations even after so many days of losing entitlement. Such strict steps can only make government-accommodations evicted timely which in earlier regimes were at times could not be vacated for years after losing entitlement. In case former Parliamentarians and others do not themselves vacate government-accommodations within 90 days of losing entitlement, not only these should be forcefully vacated but also all such persons should lose right to contest any election in future.
Market-rents for unlawfully retaining government-accommodations should be reviewed to match actual market-rents. Overstaying persons not paying such revised market-rents and any other pending dues like for telephone, electricity and water should also not be allowed to contest any election till they clear all their pending dues. Also there should be a system of auto-deduction of such government-dues from salaries and pensions of law-makers.
# Input;Subash Agarwal