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Showing posts from June, 2024

For Modi3.0, some low hanging fruits!!

 1) Bringing Indian fugitives like Vijay Mallya, Nirav Modi to be done on war footing signalling strong msg; 2) all Ministers, sitting MPs, MLAs , other PEPs,and their Kins' Agricultural Incomes must b taxed under Income tax w/o any exemption;  3) instead of Capital Gain taxes please introduce real estate transaction tax, gold & diamond etc jewellery TT like STT .  4)STT for unlisted Co shares can be introduced. Even for Listed Shares, STT can be slightly increased and cumbersome Capital Gain tax can b removed 5)"News Channels" of all Politically Exposed Persons or run by their relatives or funded by them or controlled by them should be banned. They can run entertainment or other channels but should not be allowed any "News" content to be telecast. 6)All Local Bodies Tax, EB Tariff, User charges for Water, Drainage etc. may be CPI Inflation Indexed with +/- 1% 7)Remove all zero rated GST on products and introduce atleast 1% GST with eligibility for input tax...

Stock Options for BPL families- A Bottoms Up! approach for Modi 3.0

 Modi 3.0 is facing primarily two crises: 1)Unemployment and Under employment or lack of adequate jobs that pay well. 2)Widening of gap between the top 1% of the population and the bottom 50%; Price rise, inflation , stagnating Private Consumption Expenditure, feeling of high GST and IT rates among the youth are all problems of Expenditure when there are incomes and gainful employment. Unemployment hits the Bottom of the Pyramid more severely than at the top of the Pyramid. Economists and Political Thinkers have proposed solutions like encouraging  and or incentivising the labour-intensive manufacturing and services sector in rural and semi-urban areas. This is doable but whether such jobs are sustainable in the long run is a million dollar question say e.g Textiles etc.May be Cement , Steel and other metal manufacturing may have long term prospects but Pollution Control becomes a difficult task on hand.  Private Final Consumption Expenditure is languishing for two reason...

Weekend musings!!

 "பரதனுக்கோ ராமனின்   பாதுகா  காப்பு  ; ராம ராஜ்யமே  பாரதத்துக்கு பாதுகாப்பு இன்று  !!"                                        ====><==== மக்கான மக்கள் நாம்  மக்காத பிளாஸ்டிக் குப்பை சேர்த்து  வக்கற்ற  மாக்களின்  வயிற்றைக்  கிழித்தோம் 😓 மக்காத குப்பை மக்(கு)களையும்  விழுங்குமோ !                                     ====><==== சாராயக்கடை - சா(ராய)க்கடை ! 'சாக்'கடை -சாகப்போகும் கடை ; சுருக்கமா மயானம் !

Indian Core Sector growth and IIP growth show upswing

  The combined Index of Eight Core Industries (ICI) increased by 6.2 per cent (provisional) in April, 2024 as compared to the Index in April, 2023.The Core Industries Index increased by 6 % in March 2024. The production of Electricity, Natural Gas, Coal, Steel, Refinery Products, Crude Oil and Cement recorded positive growth in April 2024 and only Fertilisers showed a marginal decline in April 2024.The last few years trend data given below will provide important inputs as to the growth of this Core Sectors in India: Industrial output as measured by IIP in India rose by 4.9% on an annual basis in March 2024, slightly below market expectations of a 5.1% growth. Manufacturing output which accounts for nearly 78% of total industrial production, expanded by 5.2% with surged growth noted for metal products exc. machinery (+20.3%), electrical equipment (+14%), transport equipment (+25.4%) and furniture (+31%). Moreover, output was also higher for mining (+1.2%) and electricity (+8.6%)....