Arthakranti Proposal Pdf

In order to address all these issue and revive Indian economy people selected Narendra Modi as prime minister in recent lok sabha election. Majority of people believes that Modi will replicate Gujarat growth model in India and make India “Sone Ki Chidiya”(golden bird) again. Well time will reveal that how Modi government will operate and at what level he is getting success.

Well today I am going to discuss about proposal made by Arthakranti Sansthan to revive Indian economy.Mr.Arun Bokil, one of the key member of was given time to share to PM Modi before recent election. He was given 9min for sharing but Mr Modi heard him for 2 hrs. Arthakranti Proposal on Indian EconomyWhat is Arthakranti Proposal and who has given the proposal? It was the proposal to revive Indian Economy.The ArthaKranti proposal is a well-researched scientific approach designed to completely transform the current Indian socio-economic scenario.“Arthakranti Proposal” has been given by a Pune (Maharashtra) based “Arthakranti Sansthan” which is an Economic Advisory body constituted by a group of Chartered Accountants and Engineers.

This funda has been patented by the Sansthan. About The AuthorRaviraj is the man behind moneyexcel.com. He is graduate in finance, engaged in blogging for 7 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money.

Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion. A person who has worked all his life in private sector and earns an EPF pension as low as Rs.500/- per month and below poverty Old Age pensioners and other welfare pensioners with no other source of income other than pension, will he be taxed when this amount is credited to his bank account? If out of their life savings they get Fixed Deposit Interest for living will this amount also taxed when credited to his account? If he withdraws his principle amount and this is credited to his account will this amount also be taxed?

If so the poor will become poorer.

PowerPoint Presentation: Effects on Taxation System & High Denomination Currency Fiscal Deficit Inadequate Tax Revenue to Govt. Tinkering of Taxation System Uncompetitive Local Industry / Trade Expensive Capital Flawed Taxation System Inflation Black Money Parallel Economy Poor Governance Social Insecurities Corruption Non Traceable Transactions Ease of Cash Transactions Large Denomination Notes Less Use of Banking System GDP Growth Slows Down Inadequate Capital Supply to Economy Poor Credit / Capital Formation High Input Costs Tax Evasion Fiscal Deficit.

PowerPoint Presentation: Withdrawal of High Denomination Currency (say above Rs. 50) Arthakranti Proposal Withdrawal of Existing Taxation System Completely (except Customs and Import Duties) Every Transaction routed through a bank will attract a certain deduction in appropriate percentage as Bank Transaction Tax i.e. Single Point Tax Deducted at Source (say 2%) This deduction is to be effected on receiving/credit account only This deducted amount will be credited to different Government Levels like Central, State and Local (say 0.7%, 0.6% and 0.35% respectively) Transacting Bank will also have its share in this deducted amount as the bank has a key role to perform (say 0.35%) Cash Transactions will not attract any tax Government should make legal provisions to restrict cash transactions up to a certain limit (say Rs. PowerPoint Presentation: Effects of Arthakranti Proposal Tax Collection is Simplified Opportunities for Corruption Eliminated Black Money Eliminated Anti-Social and Anti-National Elements Effectively Checked Fake Currency Eliminated Anti-Social and Anti-National Elements Effectively Checked Adequate Revenue to Government Bank Transaction Tax (Say 2%) High Denomination Currency is Removed (Say above Rs. 50) Legal Provision Made Restricting Cash Transactions up to a Certain Limit (Say Rs. 2000) Existing Cash Deposited in Banks & Attracts BTT. PowerPoint Presentation: Effects of Arthakranti Proposal Increase in Banking Transactions Part of BTT goes to Banks Net Banking Revenue Increases Globally Competitive Interest Rates Cheap and Easy Capital Purchasing Power of Society Increased Market Demand Boosted Industry Trade, Supply Stimulated Anti-Social and Anti-National Elements Effectively Checked Adequate Revenue to Government Industry Trade, Supply Stimulated Bank Transaction Tax (Say 2%) High Denomination Currency is Removed (Say above Rs.

50) Legal Provision Made Restricting Cash Transactions up to a Certain Limit (Say Rs. 2000) Existing Cash Deposited in Banks & Attracts BTT.

PowerPoint Presentation: Effects of Arthakranti Proposal Commodities and Services are FREED from Tax Influence Prices Drop Focus Shifted to Innovation from Tax Manipulation Industry Trade, Supply Stimulated Cheap and Easy Capital Purchasing Power of Society Increases Market Demand Boosted Anti-social and anti-national elements effectively checked Anti-Social and Anti-National Elements Effectively Checked Adequate Revenue to Government Industry Trade, Supply Stimulated Show Bank Transaction Tax (Say 2%) High Denomination Currency is Removed (Say above Rs. 50) Legal Provision Made Restricting Cash Transactions up to a Certain Limit (Say Rs. 2000) Existing Cash Deposited in Banks & Attracts BTT. PowerPoint Presentation: Effects of Arthakranti Proposal Black Money is Converted into White Tax Revenue Increases by Orders of Magnitude SLR Revised Money Supply Regulated Industry Trade, Supply Stimulated Adequate Revenue to Govt. Anti-Social and Anti-National Elements Effectively Checked Adequate Revenue to Government Industry Trade, Supply Stimulated Bank Transaction Tax (Say 2%) High Denomination Currency is Removed (Say above Rs. 50) Legal Provision Made Restricting Cash Transactions up to a Certain Limit (Say Rs.

2000) Existing Cash Deposited in Banks & Attracts BTT. PowerPoint Presentation: Effects of Arthakranti Proposal Adequate Revenue to Govt. Industry Trade, Supply Stimulated Anti-Social and Anti-National Elements Effectively Checked Fiscal Deficit Recovered Govt. Debts Checked Empowered Government Appropriate subsidies Globally Competent Agro-Segment Social Security Restored Employment Opportunities Budgetary Provision for Political System Cleansed Political System Black Money Eliminated Effective Governance Bank Transaction Tax (Say 2%) High Denomination Currency is Removed (Say above Rs. 50) Legal Provision Made Restricting Cash Transactions up to a Certain Limit (Say Rs.

2000) Existing Cash Deposited in Banks & Attracts BTT. PowerPoint Presentation: Revenue for Banking Cheap and Easy Credit Availability Decentralized Revenue Collection System Elimination of Black Money Social Security Scheme Tax Burden Reduced with BTT Budgetary Provision for Political System Elimination of Means & Motives for Corruption Adequate Revenue to run Govt. Programs EMPOWERED INDIA Creativity FREED from Tax Manipulation Building Individual’s Credibility Industry, Trade, Supply Stimulated Anti-Social and Anti-National Elements Effectively Checked Increased Purchasing Power Bank Transaction Tax (Say 2%) High Denomination Currency is Removed (Say above Rs. 50) Legal Provision Made Restricting Cash Transactions up to a Certain Limit (Say Rs.

2000) Existing Cash Deposited in Banks & Attracts BTT. PowerPoint Presentation: Back Direct & Indirect Tax Revenue for Central & State Governments Year Centre Taxes Direct Indirect Total 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 63 15 166 158 271 158 149 392 212 349 500 249 379 641079 State Taxes Direct Indirect Total 1 14 134 20 15 117 35 29 211 40 25 299 98 385381 Centre & State Taxes Direct Indirect Total 41 399 200 112 446 375 184 571 423 389 825 548 4 All figures in Rs. Crores 2010-2011 451 766 447 6. PowerPoint Presentation: Back Currency Denomination Distribution Year Coins Rs.2 Rs.5 Rs.10 Rs.20 Rs.50 Rs.100 Rs.500 Rs.1000 2001-2002 6270 538 1264 41 2002-2003 6972 483 1739 9088 3425 86 1 2003-2004 7199 472 2276 7750 4383 42 13 2004-2005 7351 462 2086 6770 3876 82 12 2005-2006 7651 451 1980 6274 4077 37 16 2006-2007 7761 447 1887 7155 4178 44 26 2007-2008 9125 636 2111 9333 4108 75 219 2008-2009 9657 2009-2010 -2011 12328 851 3430 43 413 665 2271 28 384 698 2233 1 64 352 All figures in Rs. PowerPoint Presentation: Sample Calculations Narrow Money ( M1 ) = Currency with public + Demand deposits For year 2010-2011 Currency with public = 9,50,000 Demand deposits = 7,18,000 Narrow Money (M1)= 16,68,000 Assuming 20% of M1 (Transaction Money) in daily transaction, Amount of money in daily transaction (D1) = 3,33,600 Amount of money in daily transaction (Y1) = D1.365 = 2,20,000.365 = 12,17,64,000 Considering 2% (notional) Transaction Tax in which share of Centre Government 0.7%, State Government 0.6%, Local Corporation 0.35%. Revenue for Centre ( 0.7% ) and States ( 0.6% ) Combined = Y1.

1.3/100 = 12,17,64,000.0.13 = 15,83,900 Revenue for States(0.6%) = 7,31,800 Revenue for Local (0.35%) = 4,27,000 Revenue for banks (0.35%) = 4,27,000 All figures in Rs. PowerPoint Presentation: Sample Calculations Assuming 20% of M1 (Transaction Money) in daily transaction, Amount of money in daily transaction (D1) = 3,33,600 Amount of money in daily transaction (Y1) = 12,17,64,000 Suppose we change the share% - Central Government 1.0%,Revenue for Central Govt.

(1.0%)= 12,17,640 State Government 0.6%, Revenue for States (0.6%)= 7,30,584 Local Corporation 0.3%, Revenue for Local Corp. (0.3%)= 3,65,292 Banks 0.1%, Revenue for Banks (0.1%) = 1,21,764 2005-2006, per capita net national product Rs. 20,734 State Per capita net state product (Rs.) Delhi 53,976 Bihar 5,772 Maharashtra 32,170 Central Govt. Will use this revenue to reduce disparity All figures in Rs. PowerPoint Presentation: Country Transaction Money Money Supply Currency (A) Ratio B ÷ A Demand Deposit (B) Total (A + B) 47.7 Bi Au $ 220 Bi Au $ 267.7 Bi Au $ Australia 4.61 4.73 Tr Yu 21.18 M Yu 25.91 M Yu China 4.48 75.6 Tr Yen 445.8 Tr Yen 521.4 Tr Yen Japan 5.89 35 Tr Won 101 Tr Won 136 Tr Won South Korea 2.88 4.3 Bi Nz $ 27.24 M Nz $ 31.54 M Nz $ New Zealand 6.33 4900 Bi Ru 14900 Bi Ru 19800 Bi Ru Russia 3.04 23 Bi Sing $ 94 Bi Sing $ 117 Bi Sing $ Singapore 4.09 53.5 Bi £ 1029.5 Bi £ 1083 Bi £ UK 19.24 951 Bi $ 961 Bi $ 1912 Bi $ USA 1.01 9500 Bi Rs. PowerPoint Presentation: Back Revenue of Centre & State Governments (Combined) 2010-2011 Budget Probable Tax Collection Under T.T.

System 0.7% Share Of the Centre + 0.6% Share of the States Total Revenue 11,61,240 15,83,000 + Import Duties 31,66,000 + Import Duties At 20% Transaction Ratio At 40% Transaction Ratio Currency Money Demand Deposits 9,50,000 7,18,000 Total Narrow Money (M1 = Currency Money + Demand Deposits) Rs.16,68,000 Crores – with a moderate assumption of 20 to 40% of this amount to be active in daily transactions. All figures in Rs. PowerPoint Presentation: Implementation of Arthakranti proposal. It’s Effects are Enough revenues with government to make legal provision of funds for political system. High valued cash transactions difficult.

Increase the use of the banking system. Effective taxation system leading to eradication of black money. Provision for funding of the political system Funding of the political parties based on a per person amount for the entire population for a five year period.

Say Rs.100/person. Total population is to be considered while making this provision The actual fund availability will be in proportion to the actual voting percentage. This funding will be available only to Registered political parties securing more than a certain minimum percentage of votes cast Sample Calculation for funding political parties Giving healthy monthly allowances to the elected representatives The proposal for allowance of elected representatives Empowering democracy. PowerPoint Presentation: Empowering democracy Calculations At the Central Level: Total provision for the entire population for the period of 5 years - 121 Cr.

100 (Per person Amount) = Rs.12100 Cr. Provision per year – Rs.2420 Cr. The total Amount available in proportion to a total valid votes percentage - Say 60% Amount available for 5 year period- 12100. 60/100 = 7260 Cr.

At the State Level: State population say 10 Crores Funds provision for 5 year period = 10 Cr. Rs.100 = Rs.1000 Cr. At the Local level: Population of the urban areas is say, 10 lakh Funds provision for 5 year period = 10 L. Rs.100 = Rs.10 Cr. Actual funding will depend upon the total percentage of votes cast. PowerPoint Presentation: Empowering democracy Allowance for elected representatives Back For MPs at Rs 10 Lakh/month For MLAs at Rs 5 Lakh/month For Corporators at Rs. 1,00,000/month For Village Development Officer at Rs.

10,000/month The spending with these provisions will be - At the central level - 785.10L.12 = Rs. Against a projected revenue of Rs. = 0.13% of the revenue - At the state level (e.g. Maharashtra) – 366.5L.12 = Rs.

Against a projected revenue of Rs. = 0.44% of the revenue - At the local corporation level (e.g. Aurangabad) – 100.1,00,000.12 = Rs. Against a revenue of Rs. = 4.8% of the revenue. PowerPoint Presentation: A Social security identification (SSID) is issued to every Indian Citizen. To begin with the beneficiaries of the Social Security Allowance Scheme will be all adult citizens of India beneath the poverty line.

Business Proposal Pdf

PowerPoint Presentation: Social Security proposal Calculations In first phase, scheme will be implemented for people below poverty line. Number of people below poverty line (monthly income below Rs.300/-) is 30 Cr. Total monthly expenditure = Rs. 2000.

Arthakranti Proposal Pdf Free

30 Cr = Rs.60,000 Cr Total yearly expenditure = Rs. 60000 Cr. 12 = Rs.7,20,000 Cr Excluding current expenditure of Government over subsidies of - Rs.

1,5,000 Cr, additional yearly expenditure will be - 7,20,000 - 1,50,000 = Rs. Considering current national income of Rs. 40,00,000 Cr, this additional expenditure would be 15% of national income. PowerPoint Presentation: SSA beneficiaries will not have right on income from hereditary property Bank account for SSA (associated with SS Code) SSA can’t be used as security for any other loan Unique SS code for every citizen Maximum Credit Limit For SSA beneficiaries up to say, Rs. 50,000 Withdrawal of Non-merit subsidies (Central and State) Social Security Allowance (Say Rs.1500 monthly) (linked to DA) (Food, clothing, shelter, health insurance) Saved Gov. PowerPoint Presentation: Back Government Officials H.E. Pratibhatai Patil, Hon.

President of India (Personal meeting twice) Dr. Montek Singh Ahluwalia, Deputy Chairman, Planning Commission (Book) Dr. Bhalchandra Mungekar, Member, Planning Commission (Presentation) Dr. Parthasarathy Shome, Ex-Chief Economic Advisor to the Union Finance Minister (Presentation North Block) Dr. Adarsh Kishore Saxena - Ex-Union Finance Secretary (Presentation in the presence of Smt.

Pratibhatai Patil) Mr. Johny Joseph - Chief Secretary, Maharashtra (Presentation To CM, Maharashtra ) Mr. Agarwal - Finance and Planning Secretary, Maharashtra (Presentation To CM, Maharashtra ) Mr. Sangith Rao - Principal Secretary, Maharashtra (Presentation To CM, Maharashtra ). PowerPoint Presentation: Withdrawal of High denomination currency (above Rs.

Arthakranti Proposal Pdf Online

50) Arthakranti Proposal Withdrawal of existing Taxation System completely (except Customs and Import duties) Every Transaction routed through a bank will attract certain deduction in appropriate percentage as Transaction Tax i.e. Single point tax deducted at source (say 2%).

This deduction is to be effected on receiving/credit accounts only This deducted amount will be credited to different Government levels like Central, State and Local (say 0.7%, 0.6%, 0.35% respectively) Transacting Bank will also have its share in this amount as the bank has a key role to perform (say 0.35%) Cash transactions will not attract any transaction tax Government should make legal provisions to restrict cash transactions up to a certain limit (say Rs.