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What Mujib Said

Jyoti basu is DEAD

Jyoti Basu: The pragmatist

Dr.B.R. Ambedkar

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Memories of Another Day
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"The Day India Burned"--A Documentary On Partition Part-1/9

Partition

Partition of India - refugees displaced by the partition

Thursday, September 10, 2015

Fascism is the only Highway of reforms meant Ethnic Cleansing! We afford not SURVIVAL KIT as we opted for FASCISM!Humne KATIL KO RAB BANA DIA!! Irrespective of civic and human rights,SARKAR all set for the Kill. Exodus of Humanity is the NET PROFIT of subordination to the Zionist Global Order aligned with Fascist forces around the world as free flow of Capital is dependent of Jihad factor! INDIA is on FIRE! Those who play with the Globe,they race against time faster than some bolt to annihilate Nature,HUManity and Civilization. Because Fascism is the best tool inserted in the system to launch relaunch every campaign,every ASHWAMEDH to finish humanity! Palash Biswas


Fascism is the only Highway of reforms meant Ethnic Cleansing!

We afford not SURVIVAL KIT as we opted for FASCISM!Humne KATIL KO RAB BANA DIA!!

Irrespective of civic and human rights,SARKAR all set for the Kill.

Exodus of Humanity is the NET PROFIT of subordination to the Zionist Global Order aligned with Fascist forces around the world as free flow of Capital is dependent of Jihad factor!

INDIA is on FIRE!

Those who play with the Globe,they race against time faster than some bolt to annihilate Nature,HUManity and Civilization.

Because Fascism is the best tool inserted in the system to launch relaunch every campaign,every ASHWAMEDH to finish humanity!

Palash Biswas

The changing face of Europe: EU facing migrant crisis as millions of refugees are on the move, displaced by conflict, poverty and persecution and seeking safety across Europe, escaping dire conditions and misery across conflict zones in Africa and Middle East. The United Nations' refugee agency, UNHCR, estimates that more than 366,000 refugees and migrants have crossed the Mediterranean Sea to Europe in 2015 alone.

Whose fault is this?


The so much so hyped American democracy inserted in the oilfields in Arab and Africa have been set on fire.The EUropean community the original generator of EXODUS, the original HOME of fascism is inflicted with the FIRE!Europe is the best part of the developed World where agrarian communities have been wiped out since industrialisation.


Now,we Indians burnt with the fire of identity clash within since the birth of divided nations across the borders.We live in a land of continuous holocaust,continuous bloodbath, continuous refugee influx.


We have more refugees within.

More than the refugees crossed the borders since 1947.


We have been replacing and displacing and ejecting humanity since 1947 all on the name of development!


Economic Reforms mean greatest ever ETHNIC Cleansing without mercy whatsoever and the FREE FLOW of foreign capital and foreign interest have created a MANDATE of UNLIMITED FASCISM.


INDIA is on FIRE!


Those who play with the Globe,they race against time faster than some bolt to annihilate Nature,HUManity and Civilization.


Because Fascism is the best tool inserted in the system to launch relaunch every campaign,every ASHWAMEDH to finish humanity!

It is reform all the way without caring for CII and India Inc as only a dearest lobby of industries have to milk the economy and foreign capital and foreign interests have to dictate.It is all the way CLEARANCE for the SELECTED DEAREST Ones.Not to mention the names.Ask Hardik Patil better!


Govt stays on labour reforms path

Panel to discuss industrial relations Bill today; ministry officials' presentation to PMO on reforms

Business Standard reports:

The Centre, it seems, is determined to push ahead with its labour reforms, despite massive protests from centraltrade unions last week.


A sub-committee of ministry officials and trade unions would meet on Thursday to discuss the proposed industrial relations Bill, aimed at easing retrenchment norms for employers and toughen the setting up of trade unions. Sources said senior labour ministry officials would give a presentation to the Prime Minister's Office (PMO) on Friday on its proposed labour law reforms and its status.


Most such proposals initiated by the National Democratic Alliance (NDA) government were stuck at various levels of discussion within the government. One of the major factors delaying the reform process was the staunch opposition of the trade unions.


To look into the trade unions' demands, the government had formed a sub-committee to examine the draft Bill. The panel had recommended that some of the long-pending demands of the trade unions be met. These included mandatorily recognising trade unions as representative of workers in case of a dispute and creating a re-skilling fund to train retrenched workers, with the employer paying 30-day wage towards the fund. These were in addition to a three times increase in the compensation package in case of retrenchment.


Now the sub-committee would meet and re-examine these recommendations.


After coming to power, the NDA government had announced a slew of labour reforms, including codes on industrial relations and wages. The draft small factories Bill, factories (amendment) Bill, employees' provident fund (amendment) Bill, employees' state insurance (amendment) Bill were some of the other key proposals.


The trade unions had registered the strongest protest against certain provisions of the proposed industrial relations Bill.


The proposed industrial relations Bill allows factories with up to 300 workers to retrench the hands and shut shop without government approval. Now, norms allow factories with 100 workers to take such actions. Apart from this, outsiders would not be allowed to become office-bearers of trade unions in the organised sector. There are also several restrictions on calling a strike.


In addition to this, labour ministry officials would brief the PMO on the status of the labour law reforms proposed by the government.


Industries have considered labour reforms as crucial to boost investment in the country. Prime Minister Narendra Modi had met top industrialists on Tuesday and asked them to step up investment in the country.


Trade unions claimed 150 million workers had participated in the one-day nationwide strike on September 2. Many sectors such as coal, banking, insurance and public transport were impacted. However, the Union government had diffused their claims and said the impact was "not felt much" in most parts of the country. The trade unions were mainly protesting changing in labour laws and non-fulfillment of their demands.


However some ones speaks out!

Rahul Bajaj slams Centre on reforms; wants BJP to extend 'hand of friendship' to Sonia Gandhi's Congress

Noted industrialist Rahul Bajaj today criticised the Narendra Modi government saying it was sending conflicting signals on reforms and asked the Bharatiya Janata Party (BJP) to extend its hand of friendship to Sonia Gandhi-led Congress.


Noted industrialist Rahul Bajaj today criticised theNarendra Modi government saying it was sending conflicting signals on reforms and asked the Bharatiya Janata Party (BJP) to extend its hand of friendship to Sonia Gandhi-led Congress to end the deadlock in Parliament and boost the Indian economy.

He also described the 'tension' between the government and the Opposition as worse than that during the Emergency and said BJP should walk "more than halfway" and Congress must accept the friendship to avoid losing even those votes it got the last time.

The Bajaj Auto Chairman, who is known to speak his mind, said here at the Economist India Summit that the Modi government was sending out conflicting signals on reforms ever since it took charge.


"On one hand, they say implement the reforms… Why do you want big bang reforms? On the other hand, (they say it is) the new government whose honeymoon period is not of 100 days or six month but of one year," he said.


"The Finance Minister (Arun Jaitley) said that in 15 months you can not expect magic… Because the Upper House is not functioning and unions will come in way of decisions… (but) the then Prime Minister Narasimha Rao did that in 1991 in one year," Bajaj added.


He said major reforms, including the GST, would not happen unless the two parties come to an agreement.


"It (GST) has to be passed by the Lok Sabha and Rajya Sabha both. Till Congress permit it, it would not pass. It can only be a hope that most of the Opposition parties come on board for the Bill," Bajaj said.


Criticising the the behaviour of both BJP and Congress, he said, "They do not know what they do… the basic. Both have responsibilities."


"Relations between Congress and BJP, the government and Congress have become pretty bad… The tension is worse than during the Emergency of 1975-77," Bajaj said.


Suggesting reconciliation, he said: "I believe that the ruling party should extend the hands of friendship and cooperation (walk) more than halfway and Congress must accept. Otherwise they would not even get the votes that they got last time."




Thus,Indian Express reports:

Cabinet clears GOLD schemes: I-T Act to be amended for tax benefits under bond scheme

The move follows an announcement in the 2015-16 Union Budget to curb gold imports that led to the current account deficit ballooning to 4.7 per cent of the GDP in FY13.

Gold Monetisation schemes, gold, gold bond, arun jaitley, latest news, black money, cabinet, cabinet news

The finance ministry will now finalise the interest rate for the two schemes in discussion with the Reserve Bank of India. The GDS 1999 has an interest rate ranging between 0.75 per cent and 1 per cent for tenures between three to five years.

The government on Wednesday cleared the gold monetisation schemes and the sovereign gold bonds scheme which aim to curb imports of gold by reducing its demand in physical form and instead channelising it into the formal financial sector.




"It is safer and economically more stable to go under both these schemes," finance minister Arun Jaitley said, adding these would be notified soon. Centre also plans to launch the Indian gold coin early next month.

The move follows an announcement in the 2015-16 Union Budget to curb gold imports that led to the current account deficit ballooning to 4.7 per cent of the GDP in FY13.

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The monetisation schemes, which include the revamped gold deposit scheme (GDS) and the gold metal loan scheme, would allow individuals and institutions to deposit a minimum of 30 grams of gold bullion or jewellery into a gold deposit account and earn interest on it. The gold can be deposited for a short-term period of one to three years; a medium-term period of five to seven years and a long-term period, of 12-15 years, said an official statement.

Jaitley, however, stressed the scheme would not be a black money immunity scheme and normal taxation laws would apply. Economic affairs secretary Shaktikanta Das later told reporters there would be no compromise on KYC norms under the scheme and all requirements of the Income Tax Act, 1961, would have to be met. "We do not want unaccounted wealth to be converted into white through these schemes," he stressed. Das said the tax benefits under the GDS 1999 that provides exemption from wealth tax, capital gains tax and income tax on interest income, would be applicable on the new scheme as well.

The finance ministry will now finalise the interest rate for the two schemes in discussion with the Reserve Bank of India. The GDS 1999 has an interest rate ranging between 0.75 per cent and 1 per cent for tenures between three to five years.

Meanwhile, the sovereign gold bond scheme that aims to discourage sale of gold in physical form would issued in two, five and 10 grams of gold or other denominations and the tenor of the bond could be for a minimum of five to seven years. The scheme will have an annual cap of 500 gram per person and the interest rate will be decided from time to time on the basis of market rates.

To attract more investors to the bonds, Das said the department of revenue has also agreed to tax benefits under the scheme in the next Budget. "The Income Tax Act will be amended to provide indexation benefit with the transfer of gold bonds and also exemption from long term capital gains tax at the time of redemption," he said, adding that this will give a level playing field to subscribers who hold physical deposits of gold and do not have to pay tax when they sell it.

The bonds would be part of the government's borrowing programme and would help finance the fiscal deficit. Subscribers can also use these as collateral for loans.

How the schemes will work

Announced in the Union Budget 2015-16, the two schemes are expected to help cut down on gold imports estimated at over 1,000 tonne annually that inflate the current account deficit.

Gold monetisation scheme

Individuals and institutions can open a gold savings account with a bank and deposit at least 30 grams of gold bullion or jewellery after certification from a hallmarking centre for short, medium or long term.

Earn interest and get tax exemptions including exemption from wealth tax, capital gains tax and tax-free interest income.

Redemption in gold or cash in short term and only cash in medium and long term.

Government Fish out idle gold resources with households.

Mobilise RBI's gold reserves, use it for making coins, lend it to jewelers.

Sovereign gold bond scheme

Individuals and institutions can purchase bonds in denominations of 5,10,50,100 grams of gold instead of physical gold assets and earn interest on it.

Department of revenue to provide tax exemptions in next Budget including indexation benefit on transfer of bonds and also exemption from long-term capital gains tax at redemption.

On maturity, the redemption will be in rupee amount only.

Government can cut down on demand for gold and its imports.

Will be used in lieu of government borrowing.

- See more at: http://indianexpress.com/article/business/business-others/cabinet-clears-gold-schemes-i-t-act-to-be-amended-for-tax-benefits-under-bond-scheme/#sthash.AJRNiR9Z.dpuf


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