Budget of India 2018: Another opportunity lost.

Fifth budget of Arun Jaitley as Finance Minister:

Finance Minister of India announced the budget plans, last week. Interesting point was that he could not manage to curtail fiscal deficit. Another highlight is that this budget aims at pushing rural economy and healthcare. No candy has been provided to tax paying middle class by way of reduction in income tax unlike last year when many argue that the relief was academic.

The accounting of budget 2017-18 is here. As may be seen the revenue from non corporation income tax improved by over 20% and this buoyancy has perhaps led to the Government to ignore the long standing demand to simplify the Income Tax laws.


Income Tax in India:

Continue reading

Advertisements

69th Republic Day of India

Best wishes on the 69th Republic Day of India being celebrated in 2018.

This is a picture of a tabloid in republic day parade.

This is the youtube link of the show.

Shut down in white house

Democrats shut down white house by denying passage to money bill.

This is response of President Donald Trump:

A similar shut down had happened in the past. Many years ago. Who did it then? I wonder. This morning I got a mail from a friend in USA to write about it from a ‘different universe’. I think the friend meant ‘from distant perspective’ but the truth is that we are in same boat. Yes. India and USA both democracies are facing similar problems. But about that a little bit later.

In political science it is settled that Monarchy is the best kind of governance because actions are swift and therefore efficient. Constitution of USA follows monarchical pattern but to keep the monarch in check it provides for what is called doctrine of separation of power. But the bipartisan democracy makes a mockery of the doctrine. What was ment to keep exercise of power in check is used as a leverage to bargain deals. Situation could be different if there were multiple parties. That makes bargaining easier. But in absence of that it ends up in a deadlock. This is exactly what happened. But it will resolve. When bullies fight negotiation happens after first round of fight. Not before that.

As regards similar situation, in India it must be noted that the ruling BJP is in minority in upper house. The most important Land Acquisition Amendment law and the triple Talaq matters are lying pending for want of consensus. The Government is in office for four years and only after April it can see some relief with retirement of members and re-election of new members to upper house. However inspite of this problem the Government could bring in many legislation like RERA and GST is certainly an achievement of diplomacy. Something entirely lacking in Trump.

The first thought which traveled to my mind on seeing the news of lock down in USA was that perhaps the doctrine of separation of power is wrong but then the fundamental principle of democracy is to proceed with consensus of at least majority and the word majority keeps changing every moment. Any how, inhuman decisions which lack compassion have consequences and backlash. Enforcement of law without and end to achive is not humane.

A clueless spokesperson of white house Heather Nauert, either has no clue about impact of lock down or did not share it publicly. See this press briefing of 18 January 2018, two days before it actually happened:

https://youtu.be/tRFKwo–sB4https://youtu.be/tRFKwo–sB4

A similar development is happening in New Delhi. A Supreme Court enabled martial law is being imposed on people but that has to be accommodated in next article.

Rebellion in Supreme Court of India

Mutiny in Supreme Court of India.

12th January 2012 is a historic day when 4 sitting judges of Supreme Court (J. Chelameswar, Ranjan Gogoi, MB Lokur and Kurian Joseph) held a press conference and told the nation that they have differences of opinion with master of rolls i.e. Chief Justice of India Sh. Dipak Misra. Justice Chelameswar, when asked “Should CJI be impeached?” his reply was that let nation decide.

Appointment of Judges

India is the only country in the World where Government has almost no control over appointment of judges. Judges appoint judges. Nepotism is shamelessly rampant. Since these are senior most judges, they have more at stake. They are the appointing authority is a collegium alongwith CJI who appoint judges. All media reports overlook this fact.

Aggrieved judges did not mention about the reasons for approaching the press but have only mentioned vaguely about issues. On enquiry it was replied that it they were concerned about listing of a case relating to death of Justice Loya of Maharashtra High Court.

Ordinarily the disputes among judges should be decided by themselves in Full Court meetings. Why could these judges not raise the issue in Full Court Meeting? What about view of remaining 20 or so judges? Continue reading

Happy New Year 2018

Felicitations for the New Year 2018.

New year celebrations always amaze me. Why and what is actually celeberated. Logically it should be a celebration of successful completion of orbital journey of earth around sun ☀ but nobody looks at it that way. Had it been so, the celebration 🎉 would have been at the dawn or sunset 🌇 not in the middle of the night 🌃.

So what are we celebrating?

My guess is that New Year celebrations are celebrations for hope. Hope for better or more or different whatever that means as it does mean differently to different people.

Human mind, vagabond as it is, is never satisfied. It’s everlasting hunger for change keeps it going from one nothing to next nothing without realising that its journey is in circles and is tethered to thought.

Be it as it may, let your desire for change may come true. May you be able to see the journey in circles so as to be beyond it.

Once again Happy New Year 2018. 🎈