Friday, 14 July 2017

A Comment on Present Offers of Jio mobile Data and Voice plans.

My Comment on an article "Reliance Jio Raises Rates......." published in the Dated 11/07/2017.

"So, one needs to recharge for Rs.399 to get the 84 days validity with 1 GB per day for 28 days in a month under the prepaid or post paid plans.

The previous offer prices of Rs309 and Rs349 have been restricted to only 56 days validity period."

You can view the full details of it at this Link.

Monday, 10 July 2017

A Comment regarding revision of HRA as per 7th pay commission

My Comment on a news article titled "Seventh Pay Commission notified: Minimum HRA fixed for different city categories" published in the Dated 07/07/2017.

The HRA suggested may not meet at least 50% of the actual rent being paid by the employees. So, it is a gross injustice.

The minimum HRA limit fixed by the government for Metro, A Class and B class cities are respectively Rs.5,400, Rs.3,600 and Rs.2,400 per month whereas the actual minimum rent incurred by the employees can be at least Rs.10,000 in metro cities and Rs.5,000 or more in cities. So, it amounts to roughly 50% only that they will be getting as HRA.

Sunday, 18 June 2017

A Comment on the need to submit 37 Returns of GST in a year

My Comment on an article "37 Returns instead of 13: One of the many challenges threatening GST rollout" published in the Dated 10/06/2017.

"The title of this article can drive away people from accepting GST. 

The author mentions that you need to submit 37 Returns of GST in a year. 

But, once you go through the details, you will come to know that only 3 Returns need to be submitted each month and one consolidated Return at the year end thus making the total to 37 returns in a year. 

This is not such a difficult job for any Accountant or Organisation. So, one should not worry at the figure of 37 Returns per year."

Thursday, 1 June 2017

Cigarette smoking not only kills but also bankrupts you

My Comment on an article "5 Cigarettes a day would cost you Rs 1 crore by the age 60" published in the Dated 31/05/2017 on the occasion of World NoTobacco Day.

"A good article that tries to create awareness among people. But, many of them do not simply want to accept it. They do not even try to quit smoking. 

Very hard to change the mentality of people once they become addicted to any bad habit. Such a person can only change on his own will and with his own determination."

Anybody interested to know how it costs Rupees 1 crore can read this full article at this LINK

Wednesday, 31 May 2017

A Comment on Population of China and India

My Comment on an article "At 1.32 billion, India's population may have overtaken China's" published in the Dated 26/05/2017.

"The above article is based on a report published in The Guardian quoting statements of a Chinese Academic, Yi Fuxian, who claims that Chinese population has been overestimated by 90 million and the actual population as in 2016 would not be more than 1.29 billion." 

"But, we have always been taught through established sources that China is the most populated country in the world and India stands next to it with a wide gap. 

Both India and China adapted to family planning measures and so any decrease in China's growth rate must be corresponding to the decrease in growth rate of India also. Therefore, the statements in this article cannot be accepted. Further, it is base only on the assumptions of one Chinese academic and not proved yet.

We may assume that in a far off future, our population may exceed China's population if China becomes more strict in this issue of population control and if India does not take proper steps."

Saturday, 13 May 2017

A Comment on the new option available for purchasing new home under EPF Housing Scheme

My Comment on an article "Here is the step-by-step process to withdraw 90% of your PF to buy a home" published in the Dated 12/05/2017. 

"I am very glad to know of this facility available now.

It's a great relief to those employees who cannot afford to arrange funds for the down payment to obtain the housing loan.

Now, one can draw funds from his provident fund to meet the down payment requirement in order to obtain a house loan for purchasing a house."  

Thursday, 4 May 2017

A Comment on Housing Loans and Affordable Houses

My Comment on an article "Big players entering the affordable housing, housing prices could go down soon: Deepak Parekh, Chairman HDFC Ltd." published in the Dated 02/05/2017.

"Good news. Big Corporates and Developers are showing more interest in housing business with the new facilities offered through RERA act to both builders and customers. Now, builders need not pay tax on notional rent for the first year after obtaining the completion certificate of the building. So, they have one full year to sell their flats without incurring any extra burden.

But, from the viewpoint of the customers, and as myself being a middle-class person, I request our Banks and Government that loan facilities should be extended for the full 100% cost of the house instead of the present 80 or 90 per cent loans. Then only people could be in a position to buy their own homes. Otherwise, it is very difficult for people like me to arrange for even lakh that is essential as the deposit to get a housing loan."

Thursday, 27 April 2017

A Comment on Techie jobs losing their importance

My Comment on an article "Why being a techie in India is no longer cool" published in the Dated 22/04/2017 at 3:30 pm.

"It is really a serious issue now which needs to be given much attention.

Indian IT industry should find alternative means and solutions to meet the challenges.

Instead of laying off the staff, they should concentrate on expanding their business activities within the country through innovating ideas and new schemes to utilize the available technology and staff. Our country has much more scope because of the large market base that it possesses.

We should block importing goods and technology and get them produced here in India itself. Our PM should look at it as he is already promoting the "Make in India" campaign offering some lucrative incentives."

Saturday, 22 April 2017

A Comment on Countries tightening Immigration policies

My Comment on an article "Malcolm Turnbull tightens Australian citizenship rules, makes immigration next to impossible" published in the Dated 21/04/2017 at 5:30 pm.

"Quite a reasonable step being taken by the Australian PM. 

Any country should give first priority to their own dignity and cultural values besides protecting their workforce. 

So, anybody that wants to immigrate should respect and follow their cultural practices by adhering to their rules and laws so as to enjoy that country's citizenship. He cannot demand citizenship spontaneously."

Saturday, 18 March 2017

A Comment on allowing PF members draw 90% fund to buy Home

My Comment on an article "You may soon be able to withdraw 90% of your EPF money to buy your Dream Home" published in the Dated 15/03/2017.

"But what about the case where there is no such cooperative society formed? He will be deprived of this facility to buy his home as he can't pay the down payment. 

People always lack funds to meet the down payment for buying their new homes. So, PF is the only reserve that they can rely on to meet this burden. The rest of the amount is facilitated through housing loans.

All residential projects may not be having these cooperative societies to enable one become a member of it and then apply for his PF withdrawal. So, how can they avail this facility of drawing 90% of funds if they get excluded by this clause of 90% withdrawal of PF being allowed only to members of societies?"
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