Mr Finance Minister - Budget 2014 -15 FY

 1st Prospects - Corporates
Corporation tax reduced from 30% to 25%. it means Rs 90,000 to 1,00,000 cr back to corporate sector. it seems paid expenses which spent by corporate in 2014 election by corporates. Talked to increased disinvestment.
2nd Prospects - Common People
Disappointment instead to reduce burden he increased service  tax, financial burden increased. No allocation for social development. only Rs 5000 cr allocated to MANREGA. he has not taken step to implementation of schemes. Increased Rs 50k in health insurance product & Rs 1.50 lakh in pension fund overall disappointment to common people.
3rd Prospects - Economy
Try to down fiscal deficit, it seems accelerate to manufacturing & service sector but doubt to increased employment as desirable. it may be boost up economy.
4th Prospects -Agricultural
No announcement for farmers while farmers facing challenges soil difficulty, weather irregularity, lacuna of agricultural technology. No allocation for Agricultural sector.


Not seems hope for common people. Indian economy is Agricultural leading economy but no ray of hope in this Budget. 

Corporate favored budget -------

Chaos in Indian Economy

I can't understand if Petrol/Diesel price UP Inflation also UP but inflation not go down when Petrol"Diesel Price go Down? particularly, Inflation regarding consumer stocks & Fair of Transportation. I think 70% contribution of Petrol/Diesel to effect consumer inflation in economy. Now economic adviser must think about this.
We can remember those days when Petrol/Diesel price approximately between Rs. 40 to 55 & consumer inflation is approximately between 2 to 3%.
How economist can overcome to consumer inflation by effect of crude oil? What should be Change in economic policy? Challenge of economist. I think PDS, & mechanism of crude oil price should be review.

Commercialization of Hindu Temple -,

We can see Religious Trade in holy Temple particularly Kashi Vishwanath, Tirupati Balaji, Kalaka Ji, sirdi sai baba not religious peace, forcefully पंडित demand money. VIP Devotees can take blessing any time basis money power. What means , God provided Rule & Regulations to divide devotees or people मठाधीश made such things. However common people have faith. I feel uncomfortable where exist garbage, beggar.
I belong to Varanasi, I always go to संकट मोचन for blessing of god their is no garbage & power of money any body can take blessing any time. Such kind of temple is example for others temple and गुरूदाँरा or Sikh temple are best example.
Previously, we have seen lot of Gold in Padanabhan Temple. Govt must look it &, do Audit make strict rules.

Indian Democracy - Modi Government

In Indian Democracy, Opposition can push to Government for do better things to people instead of Government can do autocratic way. Nowadays we can't see opposition role , modi Ji अध्यादेश ले आकर पास कराते है Bill. President of India already object to such kind of thing because this practice weak to democracy & make meaningless to presence of opposition.
I am unable to understand opposition don't want to do anything OR Government preventing to opposition but overall Democracy weaken.

फिल्मो मे भी खामोशीयां छिपी होती है......पता नही चलता......खोजनी पडती है. कोलाहल मे खामोशी बड़े शहरो की भागदौड़ मे खामोशी , संगीत और गीतो मे खामोशी, लेकिन मन की खामोशीयो को कैसे समझे.....

ऐसे ही लिख डाला......अभिवयक्ती तो जरुरी है...........

भारत मे हिन्दी पतन की ओर- -

भारत मे हिन्दी की पतन की नीवँ कोलोनीयल राज से ही हो गयी थी. विश्व पुस्तक मेले मे एक संगोषठी मे भाग लिया...हिन्दी भाषा विषय था ,
कई पत्कार आएँ थे, नवभारत टाइम्स के सम्पादक, हिन्दुस्तान के पतरकार और कई पतरकार.
शुद्ध हिन्दी नही लिखाँ जा रहा है किसी भी संम्पादकीय मे शुद्ध हिन्दी नही लिखाँ जा रहा है अगर हिन्दी के दस शब्द है तो उसमे अगे्रजी के पाँच शब्द मिलेगें, पबि्लक का आरोप था कि मिडियाँ दोषी है, वही पतरकार लोग काआरोप था कि जनता को ऐसे पेपर और चैनल को बहिषँकार करना चाहिएँ, मैने बोला ये तो आपसी दँन्द है,
बाजारवाद के सामने हिन्दी कमजोर है, नवभारत टाइम्स के संम्पादक ने कहा,पहले शुद्ध हिन्दी के अखबार की कापीयाँ एक लाख बिकती थी अब पाँच लाख बिकती है क्यो की आज हिन्गलीस का उपयोग किया जाता है, मैने बोला आज सारा कुछ बाजारवाद तय करता है, हमारे भारत मे कितने अच्छे हिन्दी के स्कुल है, आज सारे लोग बच्चो को रोजगारपरक पढाई कराना चाहते है, चुकी हिन्दी हमारी भाषा है तो बच्चे पढते है, बाजारवाद मे अगरेजी मजबुत है, रोजगार की संभावनाए है,
हिन्दी कमजोर हुई है और हो रही है आज हम हिन्दी भाषियो को आगे बढना होगा, सुदुढ करना होगा हिन्दी को. हिन्दी कमजोर पेड़ की तरह दिखता है, बचाना होगा और मजबुत पेड़ बनाना होगा......बाजारवाद से लड़ना होगा, आईए हम सभी आगे बढे....

Financial Sector Reforms: A Summary

Financial sector reforms are at the centre stage of the economic liberalization that was initiated in India in mid 1991 but still, it could not grow as compare to other country financial sector. After 60.5 decades still, we cannot make good shape to financial sector. I write some important reforms in financial sector to accelerate Indian economy.

1. Multiple Regulators in India –
With multiple regulators in India, there are varying regulatory requirements which often leads to regulatory arbitrage. An example  of  this  is  the  similarity  between  mutual  funds  and  ULIPs,  the  first  which  is regulated  by  the  SEBI  and  the  second  which  were  regulated  by  the  IRDA.  SEBI imposes very different levels of disclosure and ongoing transparency on the outcomes of  mutual  funds  compared  to  the  standards  of  disclosure  required  by  the  IRDA.  In an example  on  differing  standards  of  regulation  on  distributors,  employees  of  banks  who come under regulation by the RBI can distribute financial products such as mutual funds and  insurance  products,  without  adhering  to  the  rules  and  regulation  of  SEBI  and IRDA
1.The present arrangement has gaps for which no regulator is in charge such as the  diverse  kinds  of  ponzi  schemes  that  periodically  surface  in  India,  which  are  not regulated by any of the existing agencies
2. Organizations such as chit funds appear to be completely out of the purview of any financial sector regulator
3. The existing framework also contains overlaps between laws and agencies leading to incidences in which conflicts between regulators has consumed the energy of economic policy   makers   and   held   back   market   development
4. Securities   and Exchange Board of India’s (SEBI) extended litigation against the Sahara group and the recent  investigations  on  alleged  money  laundering  by  some  banks  using  insurance products  are  good  examples  of  both  regulatory  gaps  as  well  as  opportunities  for arbitrage

2. Kyc Reforms – It is big challenge to make quality KYC of customers. If we have objective of Financial Inclusion. Need to people have correct & clear Documents because if Financial Institution and Banks want to provide Financial Products like Insurance, Loans & Accounts its faces difficult to categories genuine customers neither it will increase NPA.  So, Need Reforms. Aadhar Card can make Progressive Reforms and beneficial to people of India.

3. Technical Reforms – Still, India have no strong Data collection & preservation for betterment of People. Central Statistical Department still fighting regarding this. If Government want to give subsidy to exact people but they don’t have.  Still Technical challenge exists in Financial Sector. Need to interconnect to all Banks & Financial Institutions for good, strong, clear & transparent Data.

4. Reform to Implement Financial Rule & Regulation ¬– Still Many Financial Institutions do not follow the Rules & Regulation. So, we can see financial irregularity, Scams like Financial Accounting Fraud in Sataym Company, Sahara Group scam, Harshad Mehata Scam etc. Still Protector of Financial Law like C. As are violators of Financial Law.  Presently they are commission Agents Not Chartered Accountant. I want to focus on adherence of financial Law. Need to define duty of C.As and penalize who violate or use the loopholes of financial law.

5. Reform to Make Complete Regulation in Micro Finance Sector – we can see after1991 many new sectors opened in financial area but Government and Regulators unable to make exact and complete law. Mohd, Yunus got Nobel Prize for upgrade to Poor & Rural People by Micro Finance but after certain period of time we have seen many institutions playing in this area and exploit to poor people. They played intermediary between banks, insurance companies & poor people. Earn Commission by selling of insurance and financial product. Important things cost is high due to big profit. Some are showing Non Profitable institutions or charitable institutions but realty speaks other things they make high profit & manipulate in financial of institutions. Still, there is no strong rule & regulation.

6. Reforms in Human Resource Management in Financial Sector – At Present Financial sectors facing crisis of good people. Maximum people do not like to do job in financial sector. Particularly, Public & Private Sectors banks crisis of employee. Attrition rate is high. Targets, lengthy work & other reasons to people to move other area. 

Conclusion – still, many challenges exist in Indian Financial Sector. Need various types of Reforms. It is big area in economy. We can categories or divide some parts to this area and find challenges and loopholes for making strong Indian economy.