India changing tax regime for greater stability: Jaitley
Singapore : India is changing its taxation laws towards greater stability and predictability in the tax regime and trying to settle previously pending disputes, Finance Minister Arun Jaitley said on Thursday.
"It has been our effort in India to gradually transform and change most of our taxation laws, put to rest various disputes and issues which have been pending, and make sure that the scope of discretions is eliminated and there is a greater degree of stability and predictability as far as taxation laws are concerned," Jaitley told an international meet here on "Doing Business Across Asia: Legal Convergence In An Asian Century".
"One major step needed to increase the ease of doing business is to reduce inter-state variation and the barriers to inter-state trade," he said referring to India's states in a video message to this first such global conference on legal issues.
"The proposed Goods and Services Tax (GST) is a major step in this direction," the Indian finance minister said.
"There will be uniformity in taxation rates, there will be much greater compliance and obviously certainty. It's going to help India's GDP," he added.
In relation to the GST Bill that is pending in the Rajya Sabha because the ruling NDA lacks the requisite majority to push it through, Jaitley extolled the virtues of Indian federalism.
"If India despite its massive population and unparalleled diversity has remained strong and united political and economic unit, it is partly because of the freedom given to states to be diverse in their laws and regulations."
"Some degree of divergence in practice also allows for experimenting with multiple models," Jaitley said.
"The fact is that businesses need a level of tolerance for diversity of laws if they are to exploit the opportunities that come from geographical diversification," he added.
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.



New bird species with musical tone discovered in India
New Delhi : A team of international scientists has discovered a new species of bird with a soothing tone in northeastern India and adjacent parts of China.
The bird, described in the current issue of the journal Avian Research, has been named Himalayan forest thrush Zoothera salimalii. 
The scientific name honours the great Indian ornithologist Salim Ali, in recognition of his contributions to the development of Indian ornithology and nature conservation.
The discovery process for the Himalayan forest thrush began in 2009 when it was realised that what was considered a single species, the plain-backed thrush Zoothera mollissima, was in fact two different species in northeastern India, said Pamela Rasmussen from Michigan State University in the US.
Shashank Dalvi from Bengaluru-based National Centre of Biological Sciences was also part of the research team.
What first caught scientists' attention was the plain-backed thrush in the coniferous and mixed forest had a rather musical song, whereas those found in the same area - on bare rocky ground above the treeline - had a much harsher, scratchier, unmusical song.
"It was an exciting moment when the penny dropped, and we realised that the two different song types from plain-backed thrushes that we first heard in northeast India in 2009, and which were associated with different habitats at different elevations, were given by two different species," said lead researcher Per Alstrom of Uppsala University in Sweden.
Along with keen field observations, the scientists had to do a lot of sleuthing with museum specimens. 
Investigations involving collections in several countries revealed consistent differences in plumage and structure between birds that could be assigned to either of these two species. 
It was confirmed that the species breeding in the forests of the eastern Himalayas had no name.
Further analyses of plumage, structure, song, DNA and ecology from throughout the range of the plain-backed thrush revealed that a third species was present in central China. 
This was already known but was treated as a subspecies of plain-backed thrush. The scientists called it Sichuan forest thrush.
The song of the Sichuan forest thrush was found to be even more musical than the song of the Himalayan forest thrush.
DNA analyses suggested that these three species have been genetically separated for several million years. 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.


Equal Access for the Disabled
EKansh Trust believes that the first step towards inclusion of people with disabilities is creating awareness
“As a child, I had watched a group of men who were hearing-impaired signing animatedly outside the park in Mumbai that I used to frequent with my grandfather. It had always fascinated me. It stayed in my memory and, when I moved from Gurgaon to Pune, I set up a group and decided to teach ‘hearing’ people to sign (using sign language) so that we can communicate with the deaf. 
“At different times in my life, my husband with his broken foot, the two of us with our baby daughter in a stroller and my grandmother with her illness in her last days, all struggled with the physical infrastructure in India. The condition and design of built-up spaces, including footpaths, public areas, parks, etc, are not really people-friendly. The last straw was when my grandmother could not use her wheelchair in the lift of the building because it was too small. She had to undergo the indignity of being taken down three floors on a makeshift stretcher,” says Anita Narayan, founder and managing trustee of EKansh Trust, musing about the factors that motivated her to set up the Trust along with Bhakti Karia (a silent partner). 
EKansh works for people with physical/mobility and sensory impairments in several ways. People with disabilities are entitled to the same courtesies you would extend to anyone, including personal privacy. Their simple message is: “If you find it inappropriate to ask people about their sex lives, or their complexions, or their incomes, extend the courtesy to people with disabilities.”  It works at making this happen through advocacy for equal access for people with disabilities as well as early intervention, education, employment, entertainment, recreation, legal and medical aid.
An office in the heart of Pune is the nucleus of its diverse activities. EKansh conducts workshops at colleges of management, design and communication, to sensitise people. It has story and colouring books for children in schools so that they grow up as sensitive adults.  The Pune Municipal Corporation (PMC) has printed its colouring books for PMC schools. Many other private schools are adopting its story books for their students. EKansh also works in slums and semi-rural areas spreading disability awareness through anganwadi workers.
However, awareness and sensitising is not the whole story. Anita adds, “This work for people with disabilities led to many candidates approaching us for jobs. We conducted our first ‘job fair’ for them, in 2010. We’ve had two such fairs, in 2013 and 2015, in which all major ‘equal opportunity employers’ participated. We believe, we have changed mind-sets in the corporate world and among people with disabilities too. They now aspire for bigger and better things, just like everyone else. However, with their basic education and training being substandard, thanks to archaic methods of teaching, their employability levels suffer. We conduct training programmes for them in basic English language communication, soft skills and computer operations.”
EKansh’s future plan is to have a full-fledged, well-equipped, state-of-the-art training centre for people with disabilities. It is not only about computers, but also other employable skills. Anita feels that scribes scoring on behalf of candidates, who are visually or physically challenged, is a trend that should not be encouraged. She proudly continues with her ambitious goals by saying, “We need to ensure that candidates are well qualified so that equal opportunity does not mean allowances. Often, we are asked to focus on ‘low hanging fruit’; it is not just offensive but also discriminative. We are here to help those who are denied help elsewhere.”
However, funding is a constraint at EKansh and Anita concludes by saying, “We hope a patron with deep pockets and a big heart will come forward to fund such a training centre and partner with us so that we are able to rope in the best trainers in the country and equip our candidates with all the skills they need to progress in life.”
EKansh Trust
Amit Samruddhi 2nd floor,
Jungli Maharaj Road,
Pune -411004, Maharashtra
Telephone: 020-30241273
Mobile: 09503715015
Email: [email protected]



Ganesh Kamat

1 year ago


Tax Reform Simplified,
Only 1% Tax on Receipt to get
more Taxpayers, Tax collections & more VOTES too.

1) For Big Tax collections,
take 1% Tax from 20 Taxpayers,
than 20% Tax from one Taxpayer.

2) Simple Tax of 1% on Receipt /Transaction /Interest /Sale
/Gift /Loan /Benefit /Salary /Dividends /Rent /Custom.....
any & all inward cash, Cheque etc.

3) Average say on Rs. 30 L Receipt,
Pay Rs. 0.3 Lac Tax per year.
If Taxpayers = 60 Cr.
Tax collection will be 18 L- Cr.

4) Simple Tax means more Taxpayers, more collection & No refund Problem.

5) At present, we have say @ 3 Cr Taxpayers,
with Collection of say @ 3.5L-Cr,

6) So with 1% Tax, the Taxpayers will work to improve Business / Goods Services/
R.& D./ Social work.So more Employment, make in India, less Farmer Suicide &
Peace of mind to the people.

7) Bank Account number is your mobile number.

8) Tax payment by your mobile number @ RBI a/c,
In bank transaction, the Bank will deposit your 1% Tax by your mobile number @ RBI a/c directly.

9) For cash Transaction pay similar to Post paid Mobile charges,
to your mobile number @ RBI a/c.
Most will pay if the Tax is 1% & simple to pay.

10) Your Bank Account Number should be mobile number & connected to PAN/ AADHAAR /Passport/ Election Card etc.
For Simplicity.

11) Tax collection will be distributed to State & Local bodies, say 10% each, from the place of collection.

12) Also add 1% more (L.P.F.)
Less Privilege Fund,
similar to PPF for,
social / self benefit,
to give Power to the people for Social Cause / in your bad days.

13) In short Pay Rs. 20- for every Rs. 1,000- Received.

i) Rs. 10- as tax to RBI
ii) Rs. 10- in your (L. P. F.) a/c. Could be use for social cause/ for your bad days.

14) L. P. F. (Less Privilege Fund)
of 18 L- Cr, with 60 Cr voters, will reduce dependency on the Government for the Social development.
Fund will be used for the Social cause / in your bad days.

15) Keep faith in 60 Cr voters, as they will take care of their neighbours, in need.
Also most will pay, if Tax is 1? & Simple to pay.
Only Indian can make better India.

16) Can consider more tax for Higher Receipt, say above 0.5 Cr per year, payable at the year ending.

17) All Transactions are Traceable as mobile number is once Bank a/c number & connected to PAN/ AADHAAR
/ Election card.....
So, No Corruption & Black Money Problem.

18) Babus Harassing the youth,
Traders, Voters.. who wants to work.
Babus are ruthless as they
pay "Protection Money" to......?
for Posting/ Promotion/ Permit...
Administrations Reform is a Must.
For getting Votes.

19) Farmers suicide can get reduced, by encouraging them to sell their farm products on Railways to commuter
& roads to motorists, also we need more Passenger Train, to help farmers to sell farm products, to nearby Towns.

20) Expecting Feedback on How to make India Peaceful Place by Refined, Simple Laws.
No blame game please.
Media/ Babus /Netas /Judicial Role is Eminent along with People.

For "Sare Jaha Se Achha Hindustan Hamara." forward this message.

We are listening!

Solve the equation and enter in the Captcha field.

To continue

Sign Up or Sign In


To continue

Sign Up or Sign In



The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)