BEST WAYS TO SURVIVE THE DEATH OF THE DOLLAR

Well, finance is a thing that attracts a number of people; we all feel affection for money and always desire to get some extra amount in our wallet. However, economics does not permit it easily and we face certain sequences due to which we lose our wealth. In modern times, especially in USA, the dollar is fluctuating very dynamically, sometimes it is helping American economy but sometimes it is screwing it. Therefore, the main question arises, how we can survive the death of the dollar, when a number of factors are influencing economy. Here, we will discuss all of that:-

Many signals are representing that the world is leading towards a huge fiscal collapse. The paper money on which we are depending so much is trailing its value with the time. What is going to happen when this paper money will be worthless? Can we purchase goods for ourselves? Can we afford shelter for our family? There are many factors like inflation, unemployment, population explosion, global warming, terrorism, migration, etc., that is responsible for the economical drawbacks. The biggest and most recent economic disaster occurred in USA was in 2008, when trillions of dollar were vanished in few hours. This was, called as “The Great Recession”; American economy is still trying to overcome that setback.

We have a stupid routine of spending and spending, but we do not endeavour to save and invest. This leads to the migration of wealth from a nation and if we want to survive the death of the dollar, we have to build a goal towards financial independence and move towards no loan or no credit card mentality, if we can achieve that then we have a great chance of surviving this economical catastrophe. Well, how this will affect common people like you and me? The idea is very simple – the prices of our necessary things will go up, cost-of living will increase and quality of the food and drugs will diminish. The unemployment is a bigger issue and if this sustains, the stature of jobless people will have a horrendous mark. It will exceed than The Great Depression period.  The healthcare will be costly and out of the reach of common people, as people would not have the money to pay their staff and they have to drop many one. The home rent will be as high as the land owners will try to cover their losses that they met in other sectors. In short, when people would not have the money to pay the rent, lesser homes will be accessible. The summary is dollar will be same but its value would be, decreased and rates of every utility like roof on head, clothing, feeding and drinking would be exorbitant.

Hence, is there any way to survive that or not? If every key has its own lock, this situation has a solution as well. The preparedness of some disaster is, known as “prepping” – so to prep this economic disaster you have to construct some revolutionary changes in your lifestyle.

                              It requires very less things and very less cost of money to exhaust. You have to know what your basic monthly expenses are as how much you spend on water, food, medical care, necessary hygiene supplies, shelter (including lights, transport and sanitation) and other miscellaneous things. If you examine all of them properly and start to think, above of all of that is a thing of luxury for you. You do not need to but iPhone every month and you do not need a Porsche, they are worthless for you. You need to invest some amount in some division that is going to offer you surety in the tough time.

If you can put aside several hundreds of dollar every month, believe me! You are doing a great help to the nation. You need to know the art of saving and by the help of learning this art you can endure an economic blunder. When you are buying a house try to locate it in a small town rather than selecting an apartment in a big town. If you have an old vehicle, get a new one by removing that from your garage as older vehicle costs so much every year for service and maintenance, so save the money! The big problem we contain is that we rely so much on credit card rather than actual money, stop it, as it is a lending system and you have to pay interest on every penny you spend. You have to stop eating outside and rather than cook at your place for your family, it will save massive capital. If people start focusing on the habit of saving money and investing, we can survive the economic disaster anytime. 

THE ROLE OF CHANAKYA AS TEACHER!!

Chanakya also known as “Kautilaya” is one of the utmost teachers in Indian history, who is the founder of ‘Arthshastra’, an old Indian thesis on governance, economic policy and military strategy.  He termed as the greatest guide, mentor and philosopher in the Indian history who created great rulers like Chandragupta Maurya, Bindusar and Ashoka. He not only formed great kings, but also united fragmented states into “Akhand Bharat” (Undivided India), which constituted the areas of modern India, Sri Lanka, Bangladesh, Tibet, Nepal, Bhutan, Myanmar, Pakistan, Afghanistan and some parts of Iran. He mastered in the ‘Arthshastra’ and his teachings are still, pursued by today’s youth. He studied and later taught in Taxila University (In modern Afghanistan) that was famous for training students to fight with the help of ear and eyes blindfold. He has given a number of lessons for students and teachers; hence, I will focus only on the relationships between teacher and student.

His father Chanak coined his son as “Chanakya”. He was a teacher himself and he knew the role of education in the life of a person. Taxila was the world leader in education at that time. At an early age, little Chanakya started studying Vedas and Upanishads. His memory was too sharp that when he read/studied something he could not forget that easily. His father was his tutor and he learnt many lessons from him, he was more interested in politics. In politics, Chanakya’s sharpness and reasonableness was observable right from the childhood. He was known as a clever political strategist and often famous for the observing the strategy of opposite camp, destroying them without any deficit. He was a top quality person in revolving tables in his errand irrespective of any conditions. He never shunt to pressure tactics by the ruthless leaders of that era, what is clear from this – If you have strong will power and you know your goal no situation can stop you. In this method after observing religion and politics, he moved his focus to economics that became his friend throughout the life.

A teacher and a student who can have very good role in the society must come forward without any self-gain. They can lay the foundation of a great nation; a good teacher can guide a student who can later be the leader. The sacrifices of a teacher develop a better society and eventually an immense nation. There are many good lessons/teachings written in Chankyaniti and I trust that we should read that.

Taxila was one of the topmost educational centers at that time and it became Chanakya’s procreation ground by getting knowledge in various practical and theoretical aspects. At that time, lecturers use to teach in a number of subjects and various practical arts. Chanakya was such a mentor for Chandragupta-Ashoka, who guided them and made them such great leaders. What we can know from the life of Chanakya? He dedicated his whole life for the nation, for unity of Bharat and he achieved that, he never expected any benefit for himself. His life was, based upon selflessness principle and that is what a teacher must reflect on the society. He was a great teacher, Chandragupta never questioned his mentor ever, and he trusted the abilities of Chanakya that is what made him a grand king. Such examples are enough to understand the role of teacher and student, these examples clarify really better how good teacher, and a dedicated student can lead a nation.

On teacher’s day, I thought to share about great teacher Chanakya, whose role is unforgettable in the history of India. A person, who fought against Alexander without any army or weapons, but he defeated him by his wittiness. The role of a teacher is essential for nation building and I suppose as a student we should not, disrespect our educators and our parents. It is due to them that we achieve our goals in our life. Their role must be, remembered throughout the life. What I believe we should never cross our limits when we are dealing with our teachers.

MR. JAITELY YOU MUST PASS THIS BILL, GST!!!

Let’s talk about my favorite topic-economics. Economy is the prime reason of giving employment to the citizen of a nation in the modern era. If a nation has a ruined economy, believe me! The world is not going to invest in that nation. To improve economy Government should impose good tax system in the nation. In the financial budget of India, Finance Minister Arun Jaitley proposed that GST will be applicable from 1 April, 2016. Analysts believe that the execution of the goods and services tax (GST) could offer the rate of increase of productivity. GST will increase the GDP of India & will counter the tax terrorism of the nation. Today I am going to explain the various benefits of GST for the Indian economy and how it will help the common man. The benefits of GST are:-

1) FUSED MARKET- The GST will cut down the various numbers on taxes obligated by the central government, i.e. Central VAT or excise duty, services tax, central sales tax on interstate sales, etc. And states, i.e. entertainment tax, VAT on sales, luxury tax and octroi. This will result in the creation of a combined or unified market, which would ease the endless movement of goods across states and decrease the transaction revenue of businesses.

2) LOWER ENCOURAGEMENT FOR TAX EVASION: In present scenario, companies have to pay taxes on complete original value of the product/service, but under GST, companies will have to pay tax only on the value-addition (means cost of a product will decrease for consumer). Therefore, the actual tax paid will likely be small and decrease the incentive for evasion.

3) WIDEN THE TAX BASE: GST will provide credits for all taxes paid prior in the goods/service chain incentivizing taxpaying companies to spring inputs from other known or recognized dealers. This will carry in extra revenues to the government as the unorganized sector, which is not part of the value chain, would be drawn into the tax net. Moreover, states will be provided for tax services (as opposed to only the central government) under the GST.

4)  DECREASE IN THE COST OF PRODUCT/SERVICE: The biggest beneficiary of GST will be the common man of this nation. The common man is tired of the high cost imposed on everything. A biscuit packet whose weight is 100gms costs 10-15 INR (based on company) will cost 8-12 INR, it will help to control inflation for the common man. Fuel prices will decrease as Govt. would not impose tax on taxes.

According to the National Council of Applied Economic Research, government's tax income will augment by about 0.2 per cent because of GST execution, while GDP growth could increase by 0.9-1.7 per cent. Exports will also get a enhance as they are zero-rated for taxes and also as the fall in cost of produced goods and services under GST will increase the competitiveness of Indian goods and services in the foreign market.

However, the rate will be decided by centre & state on the services which may vary from 16%-27% on the original cost.

THINK- Cost of a biscuit packet is 10 Rs. after all taxes, its original cost is 6 Rs. Now if GST applied on this & we delete the rest of the taxes its cost would not go above 8 Rs. That’s how GST will benefit the common man and it will be a huge game changer. Now it’s on our parliament to pass it & then impose it from 1 April, 2016. I hope this will solve a number of problems related to our nation.

Thanks for Reading!

REFORMIST OR POPULIST?

Today, the railway minister of India Mr. Suresh Prabhu presented his maiden railway budget for the year 2015. In India, whenever you try to do something, people instigate their criticism before it; they start to talk about the negative instead of saying that we can achieve this aim. Such thing goes with this railway budget as well! One group of leaders and media is appreciating this and calling it as the ‘reformist’ budget while other group is calling it a ‘squander’ budget. So what is the reality- is it a game changer or this one has disappointed the nation. Let us discuss this one without being biased –

·         There was no hike in the fare of railway this time, as the fare was raised in the month of July and believe me our railway sector is gaining huge revenue since then, yes we are facing inflation due to that but we have to sacrifice something, if we want to improve railways for future.

·         The cleanliness is an important thing in our daily life, but you cannot see it in a railway coach. Especially in India, we can see grimy condition every where even in the railway station. This budget had the focus on cleanliness not in coaches but in stations as well.

·         Yes there was little hike in the loading fare but remember if people want services they have to pay. There cannot be any kind of compromise with the economy, if we do not increase fare how we will generate more revenue for other ideas. Yes, privatization is a solution but it is not a good initiative to privatize everything, it has its side-effects too.

·         Adding some basic provisions in the general bogey such as charging point, cameras for women security, television facility in some railway compartments and quality food for the passenger is a good move.

·         The biggest problem in Indian railway is that we do not get the trains at regular time. There is delay in the trains, which makes our journey full of tragedies and discomfort. I hope this budget and this spirit of Railway Minister will transform Indian rail.

·         We do not get tickets especially, when we are booking an immediate/tatakal ticket for our journey. Introducing tickets from mobile app and help lines will help youth and it will stop the black market too as booking period of one train is now extended up to 120 days from 60 days. Also announced the high speed trains of 200Km/hr in 9 routes.

·         Using railway station building for the other purposes such as shopping malls, restaurants is also a great shift. The private parties can use the building by paying the rent of that place.

·         Disposable bags, disposable beds and vacuum toilets are also a great progress.

According to me this is a reformist budget and its effects will be observed after a time. You need time to see the results, so I believe this will be a game changer. The condition of railways is not a good one but there is some scope for the improvement now. What I was expecting from the present Government they have delivered to us, but it requires some time to implement on the ground. This budget was a ‘reformist’ one than a ‘populist’ one. I hope I have explained every aspect related to this budget.