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Category Archives: Finance

How to remain poor and miserable?

Birth in hideous poverty is a matter of accident but to remain poor and miserable needs efforts.

It is not easy to remain poor. Education opens new avenues of prosperity but it requires extra ability to miss opportunities and remain struck in abysmal poverty.

Vacations and holidays:

To remains poor it is important to religiously follow the calendar and obey all holidays, all vacations and presume that is what everyone does. However, those who get rid of poverty do not fall is this trap and take vacation when its suits their works cycle. So enjoy life and poverty alongwith the holidays. Those who remain well above poverty line are those who use the holidays to harness new skills or to update knowledge to cope with the dynamic word in which knowledge gets absolute every day. Continue reading

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Illicit liquor/hooch tragedy, fundamental cause

Finance Minister blood is on your lapel!

Spurious Liquor and death therefrom is seasonal ritual in India. Every year or next, a tragedy or the other happens at one place or another. Causes for such recurrent tragedy are apparent policy failure and it is unlikely to be corrected under present Hindu myopia. Earlier the reason was apathy towards poor. Mere change of reason without change of policy. Bihar is the recent State which has prohibited liquor altogether. Therefore Bihar would be the next State from where next tragedy will occur.

The real reasons for such tragedies:

Confiscatory taxation:

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Corruption unleashed by Bureaucracy.

Corruption and Bureaucracy:

Bureaucracy defines the march of any Nation. Govt can make policies and Bureaucracy can defeat it with impunity. To get the result the Government has to be extra cautious to rein in Bureaucracy often with carrot and stick policy.

Govt of India has already offered carrot to Bureaucracy by way of pay hike as recommended by pay commission. Time has come to crack the whip. Interestingly the most corrupt department of Govt is Income Tax department but unfortunately, Prime Minister Modi has a blind side which is Income Tax. As regard Finance Minister, his quality as a lawyer can not be disputed but he is not an administrator and certainly not an economist. As regards his administration, post demonetization chaos, is a proof of absence of administrative capabilities. His poor health certainly does not help.

Martial law by Bureaucracy:

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Corruption in Public Sector Units (PSU)

Example of corruption by PSU while doing ‘legal’ thing:

Socialism brought into existence industries owned by Govt. Some of these are monopolies of sort and are also in profit. The companies which are in profit are given a lot of autonomy by Government and in India such Companies are called and given a status called ‘Navratnas’ or one of the nine jewels. One such jewel under Ministry of Railway called up our office to seek legal opinion in respect of a matter which was patently wrong.

This is the reply given by us to them:

Dear Sir,

We have strict policy of not to be part of any corrupt practice. Opinion shopping is one such corrupt practice. Though we do not imply any corruption on your part at all.

Some PSU officials resort to seeking opinions from a number of lawyers but use one opinion which favours their cause. Since they can’t keep other contrary opinions on record, others are destroyed. And the lawyer who gave favourable opinion gets paid.

Accordingly to discourage this corrupt practice we have as a policy insist on upfront payment so that the opinion given be us remains on record.

In the year 2012 your predecessor took an opinion and was not happy with it. Hence our bill is still unpaid. We were not given any reason for non payment. Emails ignored and phone call refused as busy.

If you desire details of that transactions can be made available.

Under these circumstances we insist advance payment and can not render opinion without an advance payment.

We regret if it caused you any inconvenience.

Regards

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Main Stream Media hates demonetisation.

Fake News Mafia

Main Stream Media is now a propaganda machine for hire. Independence of journalism is a concept which is out of practice. It seems this is true not only for India but also in USA. One newspaper twisting same news headlines in two different ways! See the picture of Wall Street Journal below:

Editors & Journalists:

Editors who used to be humble beings now live in sprawling Mansions, travel in executive class and stay and dine in five star hotels. TV anchor driving Porsche is a new norm. Do news papers sell more now? How these journalists are making money?

Yesterday I read an article about economy which does not have a single numeric character. It suggested as if India has curfew like situation. But actually it is not. It is a business as usual for small transactions. Indian business is run on credit though settled in cash. Now people are making habit of carrying plastic or mobile wallet. See the market yesterday:

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