Showing posts with label India-Economy. Show all posts
Showing posts with label India-Economy. Show all posts
Saturday, 25 July 2015
Saturday, 15 February 2014
The Life of an Indian Member of Parliament!
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An open letter from our former MP Pritish Nandy.
I was an MP not very long ago. I loved those six years.
Everyone called me sir, not because of my age but because I was an MP.
And even though I never travelled anywhere by train during those years, I reveled in the fact that I could have gone anywhere I liked, on any train, first class with a bogey reserved for my family.
Everyone called me sir, not because of my age but because I was an MP.
And even though I never travelled anywhere by train during those years, I reveled in the fact that I could have gone anywhere I liked, on any train, first class with a bogey reserved for my family.
Saturday, 8 February 2014
The deductions from Salary for Financial Year 2013-14
The deductions
from Salary for Financial Year 2013-14 are the following:
(Frwd Mail)
1. Entertainment
Allowance:
Entertainment
Allowance deduction can be claimed from salary income. Entertainment Allowance
is first included in the salary of the employee and a deduction is allowed
for Government employees
Friday, 29 November 2013
indian economy - news paper clipping service -India to save $8.5 bn in oil imports from Iran: Moily to PM
India to save $8.5 bn in oil imports from Iran: Moily to PM
the information is
India plans to save over $8.5 billion in foreign exchange this fiscal by
increasing crude oil imports from Iran, Oil Minister M. Veerappa Moily
has told Prime Minister.
India, which paid about $144.29 billion last fiscal for importing oil,
is renewing imports from Iran as unlike imports from other countries it
pays the Persian Gulf nation in rupees.
Detailing plans to save $20 billion in foreign exchange spending, Mr.
Moily on August 30 wrote to Prime Minister Manmohan Singh saying about
11 million tonnes of crude will be imported from Iran in the remainder
of the fiscal.
“About
2 million tonnes crude oil has been imported from Iran so far during
the current financial year. An additional import of 11 million tonnes
during 2013-14 would result in reduction in forex outflow by $8.47
billion (considering the international price of crude oil at $105 per
barrel),” he wrote.
The
plan is in response to Prime Minister’s call to the ministry seeking
$25 billion cut in oil import bill to narrow current account deficit.
Mr.
Moily, who also wrote an almost identical letter to Finance Minister P.
Chidambaram, said he has “worked out some concrete measures which could
result in a saving of around $19-20 billion in the current financial
year.”
The
biggest component of the plan is restarting import of oil from Iran. As
US and western sanctions blocked all payment routes, India pays Iran in
rupees in a Uco Bank branch in Kolkata.
Other
measures include asking state-owned oil firms to keep crude imports at
2012-13 level of 105.96 million tonnes that will save $1.76 billion in
foreign exchange.
Also,
a mega fuel conservation campaign to limit fuel consumption growth to
last year’s 4.1 per cent will save another $2.5 billion, he said.
The
plans outlined by Mr. Moily are part of government’s efforts to prop up
the rupee, which has slipped 23 per cent against the US dollar this
fiscal.
India,
which last fiscal imported 13.1 million tonnes of oil from Iran, has
been, since July 2011, paying in euros to clear 55 per cent of its
purchases of Iranian oil through Ankara-based Halkbank. The remaining 45
per cent due amount was remitted in rupees in accounts Iranian oil
company opened in Kolkata-based Uco Bank.
Payments in euro through Turkey ceased from February 6 this year and now Iran is paid only in rupees. Rupee payment helps save foreign exchange outgo, thereby reducing CAD.
Keywords: India-Iran energy ties, Iran oil imports,
indian economy - news paper clipping service -India to save $8.5 bn in oil imports from Iran: Moily to PM
India to save $8.5 bn in oil imports from Iran: Moily to PM
the information is
India plans to save over $8.5 billion in foreign exchange this fiscal by
increasing crude oil imports from Iran, Oil Minister M. Veerappa Moily
has told Prime Minister.
India, which paid about $144.29 billion last fiscal for importing oil,
is renewing imports from Iran as unlike imports from other countries it
pays the Persian Gulf nation in rupees.
Detailing plans to save $20 billion in foreign exchange spending, Mr.
Moily on August 30 wrote to Prime Minister Manmohan Singh saying about
11 million tonnes of crude will be imported from Iran in the remainder
of the fiscal.
“About
2 million tonnes crude oil has been imported from Iran so far during
the current financial year. An additional import of 11 million tonnes
during 2013-14 would result in reduction in forex outflow by $8.47
billion (considering the international price of crude oil at $105 per
barrel),” he wrote.
The
plan is in response to Prime Minister’s call to the ministry seeking
$25 billion cut in oil import bill to narrow current account deficit.
Mr.
Moily, who also wrote an almost identical letter to Finance Minister P.
Chidambaram, said he has “worked out some concrete measures which could
result in a saving of around $19-20 billion in the current financial
year.”
The
biggest component of the plan is restarting import of oil from Iran. As
US and western sanctions blocked all payment routes, India pays Iran in
rupees in a Uco Bank branch in Kolkata.
Other
measures include asking state-owned oil firms to keep crude imports at
2012-13 level of 105.96 million tonnes that will save $1.76 billion in
foreign exchange.
Also,
a mega fuel conservation campaign to limit fuel consumption growth to
last year’s 4.1 per cent will save another $2.5 billion, he said.
The
plans outlined by Mr. Moily are part of government’s efforts to prop up
the rupee, which has slipped 23 per cent against the US dollar this
fiscal.
India,
which last fiscal imported 13.1 million tonnes of oil from Iran, has
been, since July 2011, paying in euros to clear 55 per cent of its
purchases of Iranian oil through Ankara-based Halkbank. The remaining 45
per cent due amount was remitted in rupees in accounts Iranian oil
company opened in Kolkata-based Uco Bank.
Payments in euro through Turkey ceased from February 6 this year and now Iran is paid only in rupees. Rupee payment helps save foreign exchange outgo, thereby reducing CAD.
Keywords: India-Iran energy ties, Iran oil imports,
indian economy - need for low cast food for the public in the state capital -reg
sir,
at present all the consumer food price are increased rapidly.
but the salary is not increased.
in chennai city middle class people salary is minimum 4,000 to 15,000 Rupees. How they will survive?
------------------------------
indian planning commission said that indian population is 130 crores.more than 60% of people are in the under poverty line.
ie 78 crores of people are in the under poverty line
under
poverty line means village level a person survival capacity is Rs.27
and city is Rs.33. So people get minimum amount of salary. how they will
survive?
so low cost good quality food need for under poverty line people and common people.
------------------------------
TAMIL NADU Government find a solution of the problem.
tamil nadu started AMMA CANTEEN for under poverty line people
in this canteen
iddly --100 grams - Rs.1
chappathi with dall big size - 2 nos - Rs.3
curd rice -350 grams - Rs.3
Pongal,, sambar rice, leman rice ,,, and varity rices - 350 grams - Rs.5
Water Botttle -Rs.10
------------------------------
all
the state government should start this kind of canteens in their state
capitals only. it is low margin profitable canteen . it is very useful
for unauthorized workers.
KINDLY VISIT AND EAT THE AMMA CANTEEN. AND RECEMMOND TO START THE CANTEEN IN ALL OVER INDIA STATE CAPITALS
BY
chidambaranathan
9884882867
------------------------------
Reference
http://indiatoday.intoday.in/
http://www.thehindu.com/news/
http://www.thehindu.com/
http://www.deccanchronicle.
http://www.indiatribune.com/
http://www.ndtv.com/article/
http://www.searchindia.com/
http://www.frontline.in/the-
http://devinder-sharma.
http://www.thehindu.com/news/
http://www.thehindu.com/
http://www.deccanchronicle.
http://www.indiatribune.com/
http://www.ndtv.com/article/
http://www.searchindia.com/
http://www.frontline.in/the-
http://devinder-sharma.
Indian Economy: Gold rate increase –Disscussion-reg
In India, for the past 5000 years Indian People are saving money in the form of gold. Business transactions made by gold only.
At present middle call people and the under the poverty line people are invest in the form of gold.
India is the biggest gold consuming country in the world.
According to the Indian Government Planning commission report said that More than 60% of people living in the under poverty line.
Planning commission said that In the city area under the poverty line people can survive easily Rs.34 per day in the village level people can easily survive Rs.28 per day
Savings method
60% of under poverty line people and 30% of middle class people are saving in the form of gold.
Under the poverty line people cannot able to invest Share market, mutual fund, fixed deposit, special savaging bonds issues by government and real estate.becase their salary is Rs.28 per day only.
Middle class people cannot able to get loan easily from their property except jewel loan.
Gold jewels are handed over to grandparents to grand children. It is the traditional saving method.
CURRENT CONDITION ABOUT THE GOLD IN THE INDIAN ECONOMY
1.Indian Government encouraging to invest online trading to Indian and Multinational companies and brain washing Indian middle class people to invest online trading .
2. So gold price rate is fix by multinational companies and world market
3. for the past 10 years gold rate in increased 350%.
4. World biggest gold consumer is India. But fix the gold rate in dollar rate. Why Indian government fix the god rate?
5.At Present government fix 8% Tax against importing gold.
6.Purchasing of gold : 2% VAT from the public
7.Indian finance Minister P. Chidambaram said that Indian people must stop to purchase of gold.
8.Reserve bank of India advised that not to give personal loan more than 48 grams of gold loan to the co-operative banks
9. Indian government ordered that 20% of imported gold must be re export or deposit in the government banks. What is the profit of gold industry people? More than 1 crore people are in the gold industry in India.
10.At present government restrict under poverty line people gold loan.
11.All the government Banks get more and more profit against gold loan from the poor people
12.In the field of personal loan poor people return their loan amount and interest in the proper period.
But In the field of Industrial level Indian and Multinational companies did not pay their loan amount and interest amount. Government not to take any steps.
But insist that not to purchase gold jewelers to their children for their marriages.
What Public Required?
1.Online trading of Gold must be stopped.
2.Imported gold tax must be reduced.
3.Under poverty line : jewel loan must be encouraged
4.Gold rate is controlled by Indian government.
Kindly discuss the matter and write more and more ideas to the Indian and International magazines and scholarly published journals in the the field of Management, economics and social science
By
N.Chidambaranathan
9884882867
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