A comment on the allegation that most IT employees are not trainable

My Comment on an article "Capgemini India chief says 65% of IT employees not trainable" published in the economictimes.com Dated 25/02/2017.


"May be true in many cases but it should not be generalized. 

There are still many employees who are ready to improve their knowledge and skills and be innovative always. 

The management and the sectional heads should identify them and provide proper support to them. It is due to lack of support and due to the mentality of some of the staff and seniors that these people are becoming indifferent. They see no future by improving skills under such circumstances."

A Comment on the procedure of dispensing notes from ATMs

My Comment on an article "Govt. has no plan to reintroduce Rs 1,000 notes: Economics Affair Secretary" published in the economictimes.com Dated 24/02/2017.


"It's okay. There is no need for Rs 1,000 notes. 

But, monitor sufficient supply of the Rs 500 notes along with the Rs 2,000 currency. If a person wants to draw Rs 10,000 from an ATM, he should be provided some 500 notes also along with the 2,000 notes (say 4 Rs 2,000 notes and 4 Rs 500 notes). 

Presently, in most cases, we are getting only Rs 2,000 notes if we draw Rs 10,000 or Rs. 8,000 at one time. I am told to enter Rs 9,500 or Rs 7,500 if I have to get Rs 500 notes also."

A Comment on the offer of Free voice calls and Data to Jio members for one entire year

My Comment on an article "Mukesh Ambani: Free voice calls across networks for Jio users" published in the economictimes.com Dated 22/02/2017.


" This is a very Good news for all Jio users who recently got registered with Jio membership. All newly registered members are already getting 2GB data free. Now, they will be able to enjoy unlimited voice calls and data for one entire year up to 31st March 2018. This is a very wonderful offer by Mukesh Ambani, though it is aimed at surpassing its competitors in the industry.

But, one thing is not clear to me. I am unable to understand the point at serial no. 11 of this article which says that Jio prime members can get this at an introductory price of only Rs 303/month. If they need to pay, where is the free benefit?"

A Comment on possible competition between Space X and ISRO teams

My Comment on an article "ISRO's rocket feat: Space X founder Elon Musk tweets praise and challenge" published in the economictimes.com Dated 17/02/2017.


"True, there will be competition in every field. One should keep on researching and innovating all through his life to succeed. 

There is always something new in each field of technology and, daily, you will be confronting some new people sprouting up with new skills and innovations. You need to keep pace with the fast growing technology to survive yourself.

But, our ISRO people are doing much better and let us keep faith and keep on encouraging them. They will definitely outshine others with their talents and rejuvenated confidence."

A Comment on the proposed Bill in Lok Sabha to restrict marriage spend

My Comment on an article "No more extravagant weddings? Bill in Lok Sabha seeks cap on guests" published in the economictimes.com Dated 15/02/2017. 


"An excellent idea. If it gets passed and implemented, a lot of wastage of money may be saved as many people do not like contributing or sharing their wealth with the poor people. They would rather loose crores in gambling but do not like donating even a small amount to the poor. So, they will definitely think twice before lavish spending. 

According to the proposal of this Bill, people should not spend more than Rs 5 lakh for marriages. If they persist to spend more, then, they should contribute 10% of the excess spending to a welfare fund to be used for the benefit of the poor classes of society.

The main purpose of the bill is to discourage wastage of money on lavish spending and divert that amount for the overall benefit of the economy."

A Comment on aftermath of Tamil Nadu political scenario

My Comment on an article "SC verdict: What will now happen to Sasikala, Panneerselvam, and Tamil Nadu?" published in the economictimes.com Dated 14/02/2017. 


"Tamil Nadu needs some change now. How long can they depend on political hierarchy? Some independent leaders with no family hierarchy should come out to lead and tackle the issues more rationally and honestly to the overall good of the people.

The Governor had asked Palanisamy to form govt and prove his majority within a week. But, can Palanisamy tackle the situation and lead the government in-disruptively?"

A Comment on suggestions for eliminating Personal Income Tax

My Comment on an article "Mr.Jaitley, isn't it time to get rid of personal income tax for the sake of better economy?" posted in the economictimes.com Dated 07/02/2017.


"The suggestions and the argument presented by this author are very justified. 

But, a loss of Rs 3 lakh crore to the treasury, if we discontinue the personal income taxation, is a matter of concern. How to recover from that huge loss of revenue?

Bank transaction tax, an increased GST Rate, and increased fares of travel, etc. can fetch some revenue. But, up to what extent can you increase these things?

Some great planning should be done with due care for the people being targeted with additional burden due to this impact on revenue."

A Comment on provision of tax deduction on Second Home Loans

My comment on an article "Budget 2017: Government rules out tax incentive beyond Rs 2 lakh for a second home" published in the economictimes.com Dated 04/02/2017.


"This is a very reasonable argument. 

Why should the government bear loss on account of providing a second home to people? 

Allowing a deduction for the first home is an act of generosity and it is necessary also. 

But, allowing deductions for a second home also is equal to the foolishness of the administration. 

That money could be used more beneficially in providing homes to the homeless people. So, the government is justified in doing so. They should restrict the amount to Rs 2,00,000 only with immediate effect."

Deductions available under various Sections of Income Tax Act

My comment on an article "How to pay less income tax post-Budget 2017 and beyond" published in the economictimes.com Dated 02/02/2017.


"Very useful information provided by the author of this article regarding tax exemptions that are now available. He discussed all the sections that can be used to invest in the various schemes and get the maximum benefit."

Deductions available:

Under Section 80C (includes 80CCC and 80CCD)
HRA, PF contribution, Medical expenses (Rs 15,000 per annum), Leave Travel Allowance (Rail fare or economy class airfare), Conveyance Allowance (upto Rs 1,600 pm), Child education expenses (100 as fees and 300 as hostel expenses er month),meals vouchers (50 per day), Insurance premium, etc. (Total amount allowed is Rs 1,50,000 per annum).

Section 80CCD (18)
A deduction is allowed for Investments made in National Pension Scheme up to a maximum of Rs 50,000 per annum which is not included in above limit of Rs 1,50,000.

Section 80D
Medical Insurance premium payments for self and parents, including a sum of up to Rs 5,000 towards health checkup. The maximum deductible amount is Rs 60,000.

Section 80E
Interest paid on the educational loan for self, spouse or children is fully allowed as deductible amount.

Section 24
Interest paid on home loans for self-occupied home is deductible under this section up to a maximum limit of Rs 2,00,000.
Interest paid on second homes and rented out by you are fully allowed as deductible amounts without any limit. The rent income is to be shown here as a part of your income.

A Comment on Ban of Cash transactions above Rs 3 lakh

My Comment on an article "Arun Jaitley bans cash transactions above Rs 3 lakhs" published in the economictimes.com Dated 01/02/2017.


"Why is it above Rs 3 lacs? Why not ban at Rs 2 lakh itself?"

"Further, it is clearly mentioned that the Rs 3 lakh limit does not apply to people having agriculture income. So, where is the problem? Why should one indulge in cash transactions for such larger amounts at all?"

Those who do not understand or have problems in perceiving the Rs 3 lakh limit or my comment may refer to sections 269 SS and 269T of income tax act and also to an article on Financial Express which explains it very clearly at this link.