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Budget percentage

Budget News
1.GDP expected growth at 7.4 %
2.Rupess strengthen by 6.4%
3.GST will be from 1st april 2016.
4.Total  revenue Transfer to state will be 62%.
5.25000 cr allocation for Rurar development program.
6.proposed 20000 cr for mudra finance (micro finance)
7.Pradhan mantri surakshya ajona -2 Lakh rs insurance for Rs 12 per yr for all poors
8.banking work will be link to Post office
9.Tax free infra bond in Rail- Road
10.E-bill portal -single window
11.Additional 5000 cr allocation in MENREGA
12.EPF/ESIE-NPS-state insurance optional
13.Gold Bond with fixed rate interest
14.Gold monitation scheme
15.Dis incentive on cash transaction.
16.Nirbhaya fund 1000 cr allocation for women safety
17.Allocation of 150 cr for atal innovation .
18.New AIIMS -Jammu punjab, T.N, H.P& assam
19.New IIT proposed in Karnataka and Dhanbad.
20.Horticulture university in Amritsar.
21.New IIM in j&k & A.P
22. New Pharmaceutical Research institutes in Maharashtra and Rajasthan.
23.New film production centres in north east
24.New GOLD COIN with ashok chakra.
25.Defence allocation 2.46 Lakh crore
26.corporate Tax will be reduced from prrsent 30 % to 25% in next 4 yrs
27.New Law for Black money-even 10 yrs imprisonment and 10 times penalty for tax evasion.
28.Pan card no mandatory above 1 lakh transaction
29.iNDIRECT TAX-custome duty reduced on 22 items
30..wealth tax -will be cancelled in future
31.income above 1 cr -2% surcharge
32.service tax increase from 12.36 to 14 %
33.swach bharat fund donation100% deduction
34.Medical insurance up from 15000 to 25000
35.senior citizen  medical insurance up from10000 to 30000
36.central excise duty 12.5%
37.transport allowance from 800 to 1500
38.  80 CC D -additional 50000 deduction in pension scheme
39.income tax slab not change
F.M. says -individual will not have to pay any tax upto 444200 considering all deduction allowed...

Some perfect things

Govt must introduce a gold-like paper investment instrument and save precious foreign exchange of India

India is the largest importer of gold in the world. We spend roughly 50 billion dollars every year to get the yellow metal. This is a significant drain on the foreign exchange stock. It is equivalent to about 3 trillion rupees of national savings. India's national savings rate has dropped from 34 to 30 per cent of GDP in the past four years. But there has been an alarming decline in the financial component of that savings.

More than half of India's domestic savings goes into land and gold, i.e. non-financial uses. Otherwise, it would have gone into banks as deposits or into buying life insurance or Kisan Vikas Patra. All of these latter categories get re-channelised as productive investments, via loans from the banking or financial sector. But if savings go into land or gold, almost certainly it is lost to the financial sector and hence, is unproductive. We can discuss money flow into land at a later date. It is waiting for reforms like cutting down black money component in real estate deals and introductions of real estate investment trusts.

But let's focus on gold. What will it take to wean Indians away from their obsession with gold? This attachment is partly cultural. People (and their grandma) feel more secure if some family wealth is in the form of gold and golden ornaments. This gets passed on from one generation to the next. For some other people, investing in gold gives them a sense of security. They believe an investment in gold can never lose. Some people believe that investing in gold protects them from inflation. The paper money in your pocket loses value continuously due to inflation. But not so with gold. So they believe.

So, what will it take to wean away Indians from gold, at least partly? In America, this was done in 1932, by passing a law which made it illegal to hold physical gold. Everyone was asked to surrender their physical gold and got gold certificates in exchange. It was possible because America was in the middle of a deep recession and money had to be unlocked to circulate in the economy, through bank channels. The charismatic President Roosevelt achieved this near-impossible feat.

Imagine that in India, the government starts selling a Demat Gold Certificate (DG cert). Each DG cert is equal to 2 grams of gold, which you can purchase at any post office or bank by providing your PAN or Aadhaar number. You pay the prevailing price of 2 grams of gold (say around 5,000 rupees). You can redeem this DG Cert anytime and receive the rupees equal to the prevailing price. You can do this anytime, for the next five years. At the end of five years, if you still have the DG Cert, it can be redeemed for the price of gold plus a small bonus. So, this is as if you had a 2 gram coin of gold all the time with you.

It is high time that the government introduces this scheme. If even 20% of the annual gold buyers switch to DG certs, it saves the country at least 10 billion dollars of foreign exchange. This extra money will then enter the banking system and provide funds for infrastructure or as cheaper loans to new factories or to farmers. If the experiment succeeds, the government may extend the life of the next round of DG Certs to 10 years, eventually to infinity.

In effect they would have replaced at least 20% of yellow metal coins to pieces of paper or demat instrument, which behaves, buys and sells just like gold. And the government stands guarantor to honour the prevailing price, any day, just like it stands guarantor of Kisan Vikas Patra. If the finance minister introduces it in the current Budget session, it would be a great start to kicking the gold habit.

Goa holi

Hi nice 3 days spent calm beach murjim shack sand sun ☀ beach water 💧 sound. We were staying at the resort we spoke to the guy for three days package he said yes in budget after today checking out time he change his word to dubble up the price and start shouting on us after a argument we cameout from their and now in beach we are spending our time ⌚ so we can leave finally the goa trip start with a beachy day and travel to church ⛪ in old goa spend. A holy time ⌚ at the church and hard to the manage the time with a so short time of expanded goa.

Guy we didn't drink today its holi.

Accident on khadki road

         As all we know how the traffic is getting worst everyday.
      The population and the time limit for all of us is very short. I daily goes out for a drive also when. I go to work time I see people getting other otherside of the road and drive like they own the place.
     This morning I was driving and the auto rickshaw guy suddenly took a turn and I nearly missed to hit him he was a devil for me at that minute. I don't follow.the rules but I don't even break them I wear helmet I ride not more then 40kmph. To 60kmph then also people don't behave to drive properly.
    Well the traffic police they gather at the one corner having tea everyday I pass from a spot they don't pay attention on rush driving or heavy truck where they park in between the streets.