Showing posts with label Revenue. Show all posts
Showing posts with label Revenue. Show all posts

Monday, 4 May 2015

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!

Thursday, 26 February 2015

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.

Thursday, 1 January 2015

10-Things, I want to do in 2015!

It is 01-01-2015, 2014 was full of various events in my life. A farewell - completed my graduation, an internship, a new business and many other emotions. The year 2014, gave me many memories for a lifetime; I achieved many things and on the other hand lost many opportunities as well. I fulfilled many wishes of mine and this year I do have many wishes. Today I want to share my 10 things, which I seriously want to achieve in 2015. Let me tell you the 10 things:

1.      A Road Trip with Friends – No matter which place, I just want to travel with my friends, a car, some friends and a journey. All I want in 2015. Any place and anytime!

2.      Adventurous Sport- I want to play any adventure sport. It can be Para-gliding, hang gliding, bungee jumping, river rafting, trekking, etc.  I just want to risk my life so that, I can understand the value of life. 

3.      Starting a New Business- I have completed my graduation in Civil Engineering. Therefore, I just want to tell you, I have a desire to start and business and expand it. The challenge is not an easy task, but someone has to do it for the society and nation.

4.      Visiting a New Nation- I seriously want to achieve this desire. I have completed 22 years of my life in India, now I want to step in some other nation too. It can be Nepal, Bhutan, and Sri Lanka or can be USA. All I want is to go outside of the nation.

5.      Cooking, & Cooking- I am Capricorn by birth, and the biggest talent of a Capricorn person is that they can cook.  I love to cook and it is my passion as well. Therefore, I will search more recipes on the internet and will try them; simultaneously I will post them in Wordpress.

6.      Regular Exercise- This is also my new year’s resolution. I will do regular work out, it can push-ups or gymming. It can be running or yoga. I will do regular exercise!
7.      Take Regular & Sound Sleep- I have a bad habit of late sleeping. Sometimes I sleep at 2 A.M. This year I will not do this. I will try to sleep at 11 P.M. every night.

8.      Taking Some Days & visit an unknown place- I want to take some days off and visit a place that nobody have ever seen. I want to take a backpack and some food, then go there and spend some time to know myself.

9.      Purchase Some Good Gadgets- Whenever I see an Apple phone or tablet, I always want to purchase it. That is why, this year I will fulfill my desire!

10.  To perform one good work for the nation every day- It is the duty of every person to do anything good for the society. It can be associated with cleanliness, social concern, social inspiration, etc. However, I will perform and repeat it every day.
I hope you have achieved my article!

I am waiting for your comments and feedback!

Monday, 1 December 2014

WHY INSTAGRAM ADDICTIONS ARE SEXY!!!


Instagram is one of the most popular social media applications, where you can post your pictures and videos, and you can promote it. It is entirely different from Facebook, Whatsapp and Twitter, and from other photo applications like PhotoGrid, which are available in Android and IOS. It not only provides to promote our life among people but also gives us an opportunity to do the marketing of our business. Some of the biggest brands such as Aston Martins, Ferrari, KFC, Apple, etc. are using this application to promote their product worldwide. Not only big brands, but also every small retailer is using Instagram to endorse its product among others. It is really an addictive application, and from the last two years since its launch, they have gained so much revenue from its active users. Let us talk about various aspects about Instagram-
HELPS IN GAINING FOLLOWERS -
Instagram is one of those communities, where we can find gaining so many followers. It means you have to interact beyond uploading pictures, like, commenting on pictures and liking the pictures of other people, also replying the comments on your pictures. Always remember, you have to search those people who shares same interests just like you, because it will be easy for them to follow you back. It will, allow you to see their latest uploads on your home page and vice versa. Do not follow every second person either you would not see other’s pictures properly. When someone likes or makes comment on your pictures, it is necessary for you to do that because that person will discover you interesting and interacting.
CAN BE A EFFECTIVE FOR BUSINESS ADVERTISEMENT -
When, you are doing a business of a particular product. You should use hashtags in Instagram, which are a major part here. This helps you to search something using Instagram searches. A person needs to write “#XYZ” in the search bar and he can find his result. In addition, the tag should not be bigger; it should be limited, which can make a search result better. Include your business name in your posts to create hash tags. The created hash tags must be creative and unique, so that it can run a good marketing campaign for your product. For example, soda brand can use a creative hash tag like #ThursdaySODAday, to connect with their community; it will encourage good audience for the brand.

GENERATES GOOD NUMBER OF LIKES -
One of the best ways to achieve maximum number of likes on every picture is by posting good pictures. The pictures should be full of creativity; consistently posting beautiful, interesting content, which stands above from other pictures, is an awesome way to be popular. Therefore, the photographer must do something different, which is out of the box, if your followers do not know what the next picture will be; they will be sticking around and liking your pictures. Always remember whatever the subject of the picture is, people on Instagram prompt to have good reactions, which has great colors and interesting contrast, in short the pictures, which are most appealing. A person usually likes mountains, beaches, rivers, monuments, delicious food, etc. pictures on Instagram, which appeals them mostly.

WRAPPING UP – This application is my favorite one and I have made so many friends on Instagram. This application has increased my interest in photography I am addicted towards it. My username is aarundh, if you have Instagram do follow me. I would love to show you my talent and creativity.