Vijay Sardana Online

In 2017, Demonetisation, e-payments and GST will be turning points for Economy By:  Vijay Sardana Today India and Indian economy is at turning point. This will be a new regime, where government is moving faster than private sector to adjust to the new realities. The move is clearly to make the system more transparent and with transparency, the accountability will also be fixed at all levels. It is now visible that demonetization will have impact on every citizen and every organization. The true impact will emerge in 2017 when GST will take shape. Let me place my assessment of the emerging situation in 2017 for you. In this article. I will restrict my comments to few dimensions of bio-economy: 1.     Impact on Seed, Chemicals and other inputs: Today, retailers are hiding the source of spurious material and related transactions because it is all in cash. Now, with GST he will be forced to show the source of material and name of the party with GST number. This wi

Rs. 25000 Crores Gamble for Tur Inflation Can Government Agencies Manage this? Follow developments on twitter: @Vijay Sardana Government decision will hurt Pulses farmers and Consumers alike - watch this space According to first advance estimated released by agriculture ministry in September, the production of tur is expected to be at an all-time high of 4.29 million tonne (mt) in 2016-17, against the targeted 3.62 mt. The tur or arhar output stood at 2.46 mt in 2015-16 and at 2.81 mt the year before. Currently Tur is selling below Minimum Support Price announced for the farmers in wholesale market yards and farmers are suffering due to lower price. Due to stock limit private trade is out of procurement and government has decided to support the prices by using government agencies in procurement. It means even if government is planning to buy Arhar at MSP, Government agencies will need about Rs. 25000 Crores only for Tur or Arhar. Till now, about 0.12 million t

22 Methods - How Black Money is Generated in Economy? Update on Twitter: @vijaysardana Black Money can be generated mainly under two heads: Generating it by manipulation of accounts and generating it in some vulnerable sections of the economy. Under each of these heads, the paper lists 11 different ways to generate cash. Here are 22 ways to generate black money: A. Manipulation of accounts 1. Out of book transactions : Not entering transactions that might result in taxation into the book of accounts. The taxpayer either maintains no book of record or reports partial transactions only. 2.  Parallel book of accounts : Adopted by those who are obliged under law to maintain books of account. The taxpayer maintains one book for their own use which records all transactions while another is submitted to concerned authorities reporting part of the transactions. 3.  Manipulation of books of account : When tax payers have to maintain books under different acts like Compa

View Part 2 and 3 on this blog C lick here: For Part - 1: Panel Discussion on the Fraud in Banking System of India after Note Ban View here: Part - 2: Panel Discussion on the Fraud in Banking System of India after Note Ban Click here: Part-2: Panel Discussion on the Fraud in Banking System of India after Note Ban (also  view Part 3) Click here: Part - 3 : Panel Discussion on the Fraud in Banking System of India after Note Ban Follow on twitter : @vijaysardana

Pulses Crisis:  After Consumers, now Farmers are suffering For updates on twitter:  @vijaysardana For details, Click here: Pulses Crisis: After Consumers, now Farmers are suffering You may like to read this as well:  Click here:  Why Misleading Policies and Politics over Pulses Crisis? Are political parties ignorant of ground reality or they deliberately misleading the nation?

Panel Discussion on the Fraud in Banking System of India after Note Ban Part-1 Watch by Click here:   Panel Discussion on the fraud in Banking System of India after Note Ban  - Part 1 (Also see Part 2 & 3 of Discussion) Click here: For Part 2 & 3: Panel Discussion on the fraud in Banking System of India after Note Ban https://sardanavijay.blogspot.in/2016/12/part-2-panel-discussion-on-fraud-in.html

Why Transaction Cost of Demonetisation is Unfair Permanent Tax?  I support demonetisation, but in current form Non-cash Transaction is bad for citizens and government, why citizens are forced to pay 2 to 3 percent more on every transaction by restricting cash supply to ATMs and banks? Many service providers are charging as high as 5% for non-cash transactions incl roadways. Companies like PayTM is 40% owned by Chinese investors with close link to Chinese government, soon they will have majority stake in many non-cash private companies. Remaining big population of cards are with American companies. We are sharing all banking data with them and non-cash transaction after demonetisation is windfall gain for them. Is this in the spirit of "Make in India"? Is this fair to force citizens to go for these companies without any regulation of transaction charges on various services. This will lead to cartalisation. They are charging 2 to 3% on every transaction, irrespect