Government Approved Money Laundering Scheme.

Government Approved Money Laundering Scheme.

Modi government believes in ‘Sabka Saath, Sabka Vikas’ since it has come in power ☺. Moving ahead on this mission the government has introduced amendment to the Income Tax Act in Lok Sabha on Monday for our dear black money hoarders who are experiencing sleepless nights after demonetization. Black Marketers who were facing difficulties in finding the way to convert their black money in legal money can now do this with government's help. Earlier they were either depositing this money in accounts of poor people with recovery period after March 2017 or were exchanging from some mediators or bank officials at the commission of up to 60% which means they are getting only 40% of their hard earned black money ☹. 

Modi ji is known for his deep thinking before any of his quick actions. This idea also proving the same where the government is offering only 50% tax on converting black money into white and no punishment.Not only that 25% of that converted amount can be withdrawn at once and the rest 25% will be used for welfare of the poor. Government has promised that this welfare scheme for black money hoarders will also ensure confidentiality so that their names remain secret and they remain nationalist in eyes of the people. Those who feared for arrest or scrutiny for their black money are now feeling proud of being part of the development work of the government. 

Sources among the black money hoarders said that this will boost their morale to accumulate more black money by tax evasion in the future endeavors which will further come handy for Modi ji in using it for the welfare of the people. Income Tax officers are also happy because they are hoping to get some incentives from black money hoarders while examining their balance sheets. The people standing in bank queues are yet to hear that news for busyness in depositing and withdrawing money. Source close to the government are sure for the success of this scheme after seeing the enthusiasm of their ardent followers on social media sites. Now people with ‘Illegal Properties’ are hoping for some similar measures so that they could contribute to the nation building. 

For more information on this government approved money laundering you can download Namo App or visit government or Income tax website. The anti-nationals and traitors who were opposing Demonetization without seeing that it has halted the fast paced lives of people so that they can think about themselves while standing in bank queues or arrange their marriages through Facebook live are now criticizing this welfare of poor dear black money hoarders. These Modi haters will go to hell. 

Keep The Change

Keep The Change

The decision to demonetize Rs 500 and Rs 1000 notes came as a surprise to the nation on the night of 8th November 2016. PM Narender Modi who was addressing the nation for the same also appeared surprised during announcement. Although he was not in his usual energy while delivering this speech his announcement energized the nation. I applauded it as a great decision which in a single stroke get rid the nation from counterfeit notes, black money and terrorist funding until the other side of it came in front of me. 

Grocery stores, departmental stores, dairies, chemists and other such stores started shutting doors for people with Rs 500 and Rs 1000 notes. Chaos was also created in the ATM's where large number of people gathered to withdraw Rs 100 notes. The machines were empty with Rs 100 notes quickly. Delhi Metro is also accepting lower denomination notes troubling the travelers even those with cards are having problem since recharges for them is not available in Rs 500 or Rs 1000. Banks are closed on 9th which troubled many people who thought to withdraw some money for daily uses. Daily wage laborers, rickshaw pullers, small businesses like mine, vegetable vendors and even wholesale dealers who mainly have cash transactions, salaried people and housewives started feeling pain of this decision in the morning when everyone discontinued to accept them. Those holding debit cards,credit cards or electronic wallets are able to transact up to a limit. 

The new currency notes were also displayed by RBI governor. They are much beautiful than the one discontinued but now we have Rs 2000 note instead of Rs 1000. Will it not in the future become the reason of hoarding black money? Why like USA and Europe we can use only note up to Rs 100? Moreover for the common people who find it difficult to get change for Rs 500, Rs 100 or Rs 1000 getting change for Rs 2000 would be a daunting task. 

Government should have introduced the new notes before discontinuing the old ones or prior information should be given to the common people or Rs 100 notes should be in plenty in the market. According to RBI from total cash circulated in the country 85% notes are in denominations of Rs 500 and Rs 1000 so the chaos created from their absence can be easily judged. I am sure long queues are waiting when the bank opens and new notes started coming out from them. News coming from all over the country is showing only confused people. The one without bank accounts are tenser to think how will they exchange few notes with them. It is still to see how much black money this move will unearth because I am sure those with millions and billions of such unaccounted notes must have the ways to regulate them also. Till anything new happens in this matter keep the change.  

The Panama Papers

The Panama Papers

The leaks of Panama Papers draw our attention to the need of free and fair journalism. How important it is to get the right news without sensationalism because governments tend to corrupt with power and money. The involvement of who's who of various fields from world over in diverting money to tax heavens of Bahamas and British Virginia Islands is a startling news. It would have never revealed if governments have the responsibility to do so since most of the government heads are involved. I am stressing on free and fair journalism because India stood 136 in 180 countries in the list prepared by Journalism Without Borders even Bangladesh is ahead of us. 

What are Panama Papers? Panama Papers are collection of around 11 million papers leaked from a Panamanian law firm and corporate service provider Mossack Fonseca which helped its clients in account management, property purchase and foreign investments.These paper revealed unlawful investments by the companies' clients. Suddeutsche Zeitung a German newspaper got these papers from his sources, since the scale of investigation and authentication of these papers required a multi-nation collaboration, they took help of International Consortium of Investigative Journalists which is a global network of journalists from around 65 countries. Then around 300 journalists from different countries of the world including journalists from The Indian Express, India carried out the investigations for about a year to reveal the trails of Black Money of white people. 

If journalists get hold of such information then why not investigating agencies of different countries which have more power and more sources. Black Money remained the hot topic in India during 2014 general elections. It was then promised by our current PM that each countryman would receive Rs 15 lakh in their bank accounts if black money comes back to the country. If you try to multiply 15 lakh with current Indian population of about 125 billion you receive a figure with zeroes unable to adjust in a calculator. If PM knew that much amount is in foreign banks then he must also knew where it was why then he is unable to reach the offenders even after 22 months in office. The SIT which is currently investigating Black Money is formed by The Supreme Court's intervention and not by the government. The Panama Paper reveals name of many multi-billionaires and give a chance to government to bring back black money. 

The Panama Papers have stirred the world and many countries including India have started investigating the people revealed in the leaks. It has observed that money used in funding terrorist activities, drug mafias, illegal arm traders have done by network of companies that dodged international embargoes which indicates that this black money is not only hurting world financially but also disturbing world peace and order. I hope this courageous act of journalists get rewarded by the governments by sending wrongdoers behind the bars. Till then God Bless The World. 

Cricket Mein Kuch Kala Hai

Cricket Mein Kuch Kala Hai.

'Where There Is Uncontrolled Money, There Is Also Black Money' 

Cricket is an Indian religion without any formal god and temple but yet like religion people showered their praises and hard earned money on unofficial gods and their priests for their love for the game. Board of Control for Cricket in India (BCCI) is a private entity uncontrolled by any government agency and out of the reach of RTI (Right To Information). In spite of irregularities, immoralities, corruption and unlawful acts in this organisation no political party is bothered to clean it. On the contrary political parties and business tycoons enjoy representation in various state cricket boards nobody knows why and nobody has any objections about it. Hum Saath Saath Hain on such issues. 

BJP MP Kirti Azad lost his party membership on raising DDCA (Delhi Districts Cricket Association) corruption issues and alleging Finance Minister Arun Jaitley who headed DDCA during that period for hiding its financial irregularities. Hum Bolega To Bologe Ke Bolta Hai but why a government who said that it is intolerant to corruption not remove the one who has spots of allegations but sacks one who raised corruption issue. Earlier Ajay Makhan of Congress too faced the similar fate when he was demoted from its post of Sports Minister for bringing a bill to regularize the working of BCCI during his tenure in Congress lead UPA 2 government.

Arun Jaitley also filed a defamation case against Delhi chief minister Arvind Kejriwal and four other Aam Aadmi Party (AAP) leaders for framing him in DDCA scam. Why? Kyun? If he is innocent he should resign , face an inquiry , come out clean and hurrah! Your opponents fall flat on their face completely exposed in front of people of the country which is bigger than any penalty or punishment. Par Golmaal Hai Bhai Sab Golmaal Hai, our politicians more keen on politicizing the issues than to kill them for always. Remember Babri Mazjid, Godhra riots, 1984 riots, emergency, JP movement, Anna Movement, these and many more issues are brewing in Indian political diaspora to mislead public from real issues of poverty,unemployment and hunger. 

Corruption in cricket now is not a new topic, match fixing, money laundering and other economic offenses are commonly reported but sadly no strong action against any culprit ever happens which further encourage these irregularities. Choddo Kal Ki Batein, it's never too late Modi government should set an example, hopefully next year we have better cricketing atmosphere till then God Bless India. 

Baba Ramdev's 'Tax Asan'

Baba Ramdev's 'Tax Asan'

Baba Ramdev's interest in bringing back black money and his affiliation towards Narender Modi and BJP has made him to introduce a new Asan ( Yoga posture) for his followers the 'Tax Asan'. He announced it recently and asked BJP's prime ministerial candidate Narender Modi to practice this asan to be next Indian Prime Minister.

He also added that this posture is a result of research by him and 'arthakranti.org.Practice of this asan includes:

1.Removal of all present taxes in India(except import duties).

2.Levy a single Bank Transaction Tax of 2% on receivers account instead.

3.Distributing this amount among various agency in the ratio, Central gov.(0.7%): State gov.(0.6%):Local bodies(0.35%):Bank(0.35%).

4.Withdrawal of high denomination currency (i.e above Rs 50)

5.All transaction to be done through bank only.

Benefits of 'Tax Asan':

1.Rate of all items to be reduced by 50%.

2.Guarantee of 300 lok sabha seats if practiced by BJP.

3.Prosperity and peaceful living of all citizen of India.

4.Removal of poverty,corruption,etc.

Baba said that it's non of our concern that this asan failed in Brazil,absence of an expert like him was the reason behind it according to him.

Other's experts who are working in simplifying the already exiting tax asan are against this asan due to the following reasons:

1.Unavailability of banks in each nook and corner of India.

2.Rich and poor to be taxed at same rate.

3.Increase the tax burden as more transaction means more tax.

4.Not used by any developing or developed economy except some tourist destinations.

5.Decrease in tax collection which are used in running our country.

6.Increase in black money because people then will prefer cash transactions to save tax.

7.Easy for black marketers to turn their money into white by paying just 2%.

Baba Ramdev's mission is to make each individual of India whether they reside in village or cities to be flexible like him to be able to accept and perform this asan. Banks where this has to be performed has not said anything yet.The success of this asan is still in question but Baba has started preaching it in his yoga camps.