Transcript Prosperous - ArthaKranti

ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Monday, March 28, 2016
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Animations
Presentation
Home
Statistics
Vision
Social Reality
Economic Reality
Current Reality Loops
Local Industry
Vision
Social Reality
Economic
Reality
FDI
Credit
Expansion
Credit
Establishment
Bank Money
Direct &
Indirect tax
Proposal
Appeal
Revenue after
BTT
Commodity
Prices
Currency
Calculations Denomination
Credit Cycle
Internal Borrowings
Banking System
Disinvestment
Anti-Social Industries
High Denomination Currency
Farmers’ Suicides
Proposal
Effects of Proposal
Strategy
Appeal
Flawed Taxation
System
Linked Proposals
Empowering Democracy
Social Security Scheme
Terrorism Analysis
Proposed
System
Strategy
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Vision
Vasudhaiv
Kutumbakam
Capital
Formation
One
Economy
Revenue for
Effective
Governance
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Economic Reality
Complex
Taxation
system
Interest on
External Debt
Cost of
running Government
National Security
Infrastructure, Agriculture,
Needs of Common man
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Effects of Fiscal Deficit on Local Industry
Poor
Infrastructure
Unemployment
Social
Insecurities
Uncompetitive
Local Industry /
Trade
Reduced Rural
Purchasing
Power
Policies
Influenced by
Foreign Interests
Local Agriculture
Rendered
Uncompetitive
Attract FDI
Subsidies
Curbed
Fiscal Deficit
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Home
Effects of Fiscal Deficit on Credit Cycle & Government Revenue
Unemployment
Uncompetitive
Local Industry /
Trade
Social
Insecurities
Inflation
Deficit
Budget
Fiscal
Deficit
Hard Credit
Policy
Purchasing
Power
Reduced
Conservative
Lending
Inadequate
Tax Revenue
to Govt.
NPAs
Increase
Inadequate
Capital Supply to
Economy
Low Demand
/ Recession
GDP Growth
Slows Down
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Effects of Internal Borrowings on Fiscal Deficit
Internal
Borrowings
Spent on NonDevelopmental
Activities
Fiscal
Deficit
Inadequate Tax
Revenue to Govt.
GDP Growth
Slows Down
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Effects of Fiscal Policy & External Borrowings
on Credit Policy & Banking System
Threat to Local
Banking System
National Policies
Influenced
Fiscal
Deficit
Expensive
Capital
Lending Rates
Increase
External
Borrowings
Bank Interest
Rates
Increase
Tax Rebate + High
Interest Rates on
Savings
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Effects of Fiscal Deficit on Disinvestment Policies & Reduced Social Spending
Fiscal
Deficit
Reduced Social
Spending
Public - Private
Partnership
e.g. Toll
Cost Burden
Passed onto
Common Man
Purchasing
Power Reduced
Pressure to
Disinvestment
Threat to
Organized
Employment
Govt. Control Lost in
Essential
Commodities [e.g.
Oil, Medicines etc.]
Scope for Market
Exploitation
Severe Impact on
Weaker Sections
Social
Insecurities
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Effects of Fiscal Deficit on Anti-Social Industries
Increased Congestion,
Accidents, Pollution
Direct Ill
Effects on
Public Health
Promoting Increased
use of Oil 
Automobiles
Increase in oil
Import Losses
(Subsidies)
Fiscal
Deficit
Social
Insecurities
Lack of
infrastructure /
public amenities
(e.g. public transport
system)
Promotion of
Liquor, Gutkha,
Cigarettes
Inadvertent Promotion of
Anti-Social Industries
Promotion of
State Run Lottery
Schemes
ArthaKranti
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A design towards Principled, Prosperous & Peaceful living
Effects on Taxation System & High Denomination Currency
Uncompetitive
Local Industry
/ Trade
GDP Growth
Slows Down
Inadequate
Capital
Supply to
Economy
Poor Credit /
Capital
Formation
High
Input
Costs
Expensive
Capital
Social
Insecurities
Fiscal
Deficit
Poor
Governance
Inadequate Tax
Revenue to Govt.
Parallel
Economy
Tinkering of
Taxation System
Black
Money
Non Traceable
Transactions
Flawed Taxation
System
Tax
Evasion
Ease of Cash
Transactions
Less Use
of Banking
System
Large
Denomination
Notes
Corruption
Inflation
Fiscal
Deficit
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Effects of Fiscal Deficit on Credit Cycle & Farmers’ Suicides
Farmers’
Suicides
Social Unrest
Unjust Borrowings
from Private Sources
Inflation
Low Credit Supply
to Agriculture
Hard Credit
Policy
Individual’s Credibility
NOT Established
Deficit
Budget
Fiscal
Deficit
Poor Credit /
Capital Formation
Less Use of
Banking System
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Flawed Taxation System
Narrow Base and Limited Coverage of Direct Taxation
Direct to Indirect Tax Ratio is 44:56 Show
Inequitable and hence Regressive Show
Non-Productive
Uncertain
Inelastic
Show
Show
Show
Uneconomical
Show
Complex nature of taxes
Show
Tax laws open for interpretation
How should it be…
Show
Show
Statistics
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Currency Denomination
Country
Per Capita
Income
Highest
Denomination
USA
$ 40,000
$ 100
400
UK
20,000 £
50 £
400
Japan
40,00,000 ¥
10,000 ¥
400
India
Rs. 46,000
Rs. 1,000
46
Currency Denomination Distribution
Per Capita Income /
Highest Denomination
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Credit
Establishment
Less Use of
Banking System
Obstructs Credit
Registration of a lot
of Citizens in the
National Economy
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti Proposal
Withdrawal of Existing Taxation System Completely* (except Customs/Import Duties)
* All Central, State and Local Government Taxes – Direct and Indirect
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 (as say 0.7 %, 0.6 % and 0.35 % respectively)
Transacting Bank will also have its share in this deducted amount (say 0.35 %)
as the Bank has a key role to perform
Cash Transactions will not attract any tax
Withdrawal of High Denomination Currency (say above Rs. 50)
Government should make legal provisions to restrict cash transactions up to a certain
limit (say Rs. 2,000)
This means, Cash Transactions above this limit will NOT enjoy any legal protection.
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Effects of ArthaKranti Proposal
Tax Revenue
Increases by Orders
of Magnitude
Home
Adequate
Revenue to
Government
Adequate
Revenue to Govt.
Show
Increase in
Banking
Transactions
High Value Cash
Transactions
Not Practical
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
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Effects of ArthaKranti Proposal
Black Money
Eliminated
Adequate
Revenue to
Government
Home
Anti-Social and AntiNational Elements
Effectively Checked
Anti-Social and AntiNational Elements
Effectively Checked
Opportunities
for Corruption
Eliminated
Tax Collection
is Simplified
Bank Transaction Tax
(Say 2%)
Fake Currency
Eliminated
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
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Effects of ArthaKranti Proposal
Industry Trade,
Supply
Stimulated
Adequate
Revenue to
Government
Market Demand
Boosted
Increase in
Banking
Transactions
Part of BTT
goes to Banks
Bank Transaction Tax
(Say 2%)
Anti-Social and AntiNational Elements
Effectively Checked
Home
Industry
Trade, Supply
Stimulated
Purchasing
Power of Society
Increased
Cheap and Easy
Capital
Net Banking
Revenue
Increases
High Denomination
Currency is Removed
(Say above Rs. 50)
Globally
Competitive
Interest Rates
Legal Provision Made
Restricting Cash Transactions
up to a Certain Limit
(Say Rs. 2000)
Existing Cash
Deposited in Banks &
Attracts BTT
ArthaKranti
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A design towards Principled, Prosperous & Peaceful living
Effects of ArthaKranti Proposal
Cheap and Easy
Capital
Prices
Drop
Show
Commodities and
Services are FREED
from Tax Influence
Bank Transaction Tax
(Say 2%)
Adequate
Revenue to
Government
Anti-Social and AntiNational Elements
Effectively Checked
Anti-social and antiIndustry
national
elements
Trade, checked
Supply
effectively
Stimulated
Purchasing
Power of Society
Increases
Market Demand
Boosted
Focus Shifted to
Innovation from
Tax Manipulation
High Denomination
Currency is Removed
(Say above Rs. 50)
Industry Trade,
Supply
Stimulated
Legal Provision Made
Restricting Cash Transactions
up to a Certain Limit
(Say Rs. 2000)
Existing Cash
Deposited in Banks &
Attracts BTT
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Effects of ArthaKranti Proposal
Adequate
Revenue to
Government
Industry Trade,
Supply
Stimulated
Industry
Trade, Supply
Stimulated
Money Supply
Regulated
SLR
Revised
Adequate
Revenue to
Govt.
Tax Revenue
Increases by Orders
of Magnitude
Bank Transaction Tax
(Say 2%)
Anti-Social and AntiNational Elements
Effectively Checked
Home
Black Money is
Converted into
White
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
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Effects of ArthaKranti Proposal
Social
Security
Restored
Anti-Social and AntiNational Elements
Effectively Checked
Empowered
Government
Govt. Debts
Checked
Effective
Governance
Industry Trade,
Supply
Stimulated
Employment
Opportunities
Cleansed
Political System
Black Money
Eliminated
Budgetary
Provision for
Political System
Fiscal
Deficit
Recovered
Adequate
Revenue to Govt.
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)
Globally
Competent
Agro-Segment
Appropriate
subsidies
Existing Cash
Deposited in Banks &
Attracts BTT
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Increased
Purchasing
Power
Building
Individual’s
Credibility
Cheap and Easy
Credit
Availability
Anti-Social and AntiNational Elements
Effectively Checked
Decentralized
Revenue
Collection System
EMPOWERED
INDIA
Revenue for
Banking
Budgetary
Provision for
Political System
Bank Transaction Tax
(Say 2%)
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Elimination of
Black Money
Social Security
Scheme
Industry,
Trade, Supply
Stimulated
Tax Burden
Reduced with BTT
Creativity FREED
from Tax
Manipulation
High Denomination
Currency is Removed
(Say above Rs. 50)
Elimination of
Means & Motives
for Corruption
Adequate
Revenue to run
Govt. Programs
Legal Provision Made
Restricting Cash Transactions
up to a Certain Limit
(Say Rs. 2000)
Existing Cash
Deposited in Banks &
Attracts BTT
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Jai Hind!
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Distribution of Central Government’s
Direct & Indirect Tax Revenues
Home
Back
500000
400000
300000
200000
100000
0
Direct
Indirect
All figures in Rupees Crores
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Distribution of State Governments’
Direct & Indirect Tax Revenues
Home
Back
500000
400000
300000
200000
100000
0
Direct
Indirect
All figures in Rupees Crores
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Distribution of Central & State Governments’
Combined Direct & Indirect Tax Revenues
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Back
800000
700000
600000
500000
400000
300000
200000
100000
0
Direct
Indirect
All figures in Rupees Crores
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Distribution of Centre & State Governments’
Combined Direct & Indirect Tax Revenues for the Year 2010-2011
44%
56%
Direct
Indirect
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Highest Three Denominations account for 95 % of the Total Currency Money
while 37 % of our Population is below Poverty Line with Poverty Line = Rs. 20/-
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Home
Back
Comparison of Currency Denomination Distribution: Indian Rupee & U. S. Dollar
Note: Absence of Denominations Larger Than $ 100 in U. S. and the fact that
considerable part of the U. S. Currency in $ 100 and $ 50 Bills is in use outside U. S.
it being an International Currency.
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Credit Expansion through Banking System
Banks
Primary
Deposits
Cash Reserves
Loans / Derivate
Deposits
A
20001
200
18002
B
1800
180
1620
C
1620
162
1458
D
1458
145
1313
E
1313
131
1182
Eventually
20,000
2000
18,0003
1 - Original Primary Deposit
2 - Original Excess Reserves
3 - Total Capital Formation through Credit Expansion with Original Primary Deposit of Rs. 2000
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ArthaKranti
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A design towards Principled, Prosperous & Peaceful living
Back
Analysis of Commodity Prices
Product
MFG Cost
Taxes
Sales Price
Chinese Cost
Cement
Bag
90
~ 160
~ 250
72
Motor
bike
21,000
21,000
42,000
25,000
Petrol
35 / liter
38 / liter
73 / liter
-
20 / liter
45 / liter
-
Diesel
All figures in rupees
25 / liter
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Sample Calculations
Narrow Money (Transaction Money) (M1) = Currency Money + Demand Deposits
For year 2010-2011
Currency Money
= 9,50,000
Demand Deposits
= 7,18,000
Narrow Money (M1) = 16,68,000
Assuming 20 % of M1 to be active in Daily Bank Transactions,
Amount of Money in Daily Bank Transactions (D1) = 3,33,600
Amount of money in Yearly Bank Transactions (Y1)
= D1*365 = 3,33,600*365 = 12,17,64,000
Consider Bank Transaction Tax as 2% (notional) with shares of Central
Government=0.7%, State Government=0.6% and Local Government=0.35%.
Combined Revenue for Centre (0.7%) and States (0.6%) = Y1 * 1.3/100
= 12,17,64,000 * 0.013
= ~ 15,83,000
Revenue of State Governments (0.6 %) = ~7,31,000
Revenue of Local Governments (0.35 %) = ~4,27,000
Revenue for Banks (0.35 %)
= ~4,27,000
All figures in Rupees Crores
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Dependency on FDI
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Dependency on FDI
China
India
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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All figures in Rupees Crores
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
The ArthaKranti
National Reform Bill
The ArthaKranti
Doctrine
Show
Implementation
Members of
Parliament
Political Leaders
& Parties
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The Citizens
Charter of Demand
Business
Leaders
Experts
Media
Show
Show
Show
Advertising
Campaign
ArthaKranti
Pratishthan
Public
Presentation
Media Tools
The Indian
Citizen
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Empowering Democracy
• Implementation of ArthaKranti proposal. Its 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
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Empowering Democracy
Calculations
Back
• At the Central Level:
– Total provision for the entire population for the period of 5 years 121 Cr. * 100 (per Person Amount) = Rs. 12,100 Cr.
– Provision per year – Rs. 2,420 Cr.
• The total Amount available in proportion to a total valid votes percentage Say 60%
– Amount available for 5 year period = 12,100 * 60/100 = 7,260 Cr.
• At the State Level:
– State population say 10 Crores
– Funds provision for 5 year period = 10 Cr. * Rs. 100 = Rs. 1,000 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.
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Empowering Democracy
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Back
Allowance for Elected Representatives
• 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. 942 Cr. against a projected
revenue of ~Rs. 7,46,651 Cr. = ~0.13 % of the revenue
- At the state level (e.g. Maharashtra) –
366*5L*12 = ~Rs. 220 Cr. against a projected revenue of
~Rs. 50,000 Cr. = 0.44 % of the revenue
- At the local corporation level (e.g. Aurangabad) –
100*1,00,000*12 = Rs. 12 Cr. against a revenue of ~Rs. 250 Cr.
= 4.8 % of the revenue
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Empowering
democracy
Improved
governance
Increased law
and order
Politics
professionalized
as the qualified people
will take it up
Improved
functioning and
decision making
Dignity & public
trust restored
Increased
stability of
government
Decreases ill-influence
of local parties
in national politics
Eradication
of Black
Money
Assured
clean
funding
Appropriate
remuneration for
elected representatives
at all levels
Politics focused on real
issues
and national interests
Political parties
interested
in increasing voting
Funding to political
parties based on the
percentage of votes won
Transparency
in politics
Decreased dependence on
corruption and criminals
Home
Effective funding available
for political parties depends
upon voting percentage
Legal provision of funds
for politics at all levels
Provision of funding
for political parties
based on population
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Jai Hind!
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Social Security Proposal
• 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.
• For every deserving adult, a fixed amount (linked to DA), Social Security
Allowance, is credited per month into a unique bank account linked to the SSID Say Rs. 2,000/ pm -- Based on Food (Rs. 900/-) + Shelter (Rs. 500/-) + Clothing
(Rs. 300/-) + Health (Rs. 300/-)
• Government will remove all non-merit subsidies thus freeing up revenue to pay
the Social Security Allowance to the deserving citizens
• All Social security allowance beneficiaries can get credit of Rs. 50,000/- (upper
limit) from banks
• Restrictions to ensure correct usage –
- No rights to SSA beneficiaries on income for hereditary property
- SSA amount can’t be used as security against any other loan
• Uniform implementation throughout the country
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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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. 2,000 * 30 Cr = Rs. 60,000 Cr
• Total yearly expenditure = Rs. 60,000 Cr * 12 = Rs. 7,20,000 Cr
• Excluding current expenditure of Government over subsidies of Rs. 1,50,000 Cr, additional yearly expenditure will be 7,20,000 - 1,50,000 = Rs. 5,70,000 Cr
• Considering current national income of Rs. 40,00,000 Cr, this additional
expenditure would be ~15% of national income
ArthaKranti
Home
A design towards Principled, Prosperous & Peaceful living
Improved
quality of life
Social
security
Balanced
Development
(Rural and
Urban)
Decreased Social
Unrest (reduced
Naxalism, terrorism,
extremism, etc.)
Farmers’
suicide
checked
Assured
dignified
existence for
every citizen
Increased Business
/ Employment
opportunities
locally
Hugely increased
demand
for goods and
services
(Necessities)
Effective
implementation
of child welfare
laws & schemes
SSA beneficiaries will
not have right on
income from hereditary
property
Dissemination
of Population
Increased
use of
Banking
system
Social Security Allowance
(Say Rs. 2,000 monthly)
(linked to DA)
(Food, clothing, shelter,
health insurance)
Bank account
for SSA
(associated
with SS Code)
Market driven
quality supply
of goods &
services
Credit / Capital
expansion
in the banking system
as a whole
Increase in
Purchasing
power of the
poor people
SSA can’t be
used as
security for any
other loan
Opportunities of
Corruption are
reduced (PDS, fuel
etc.)
Unique SS
code for
every
citizen
Price
distortion
removed
Establishment
of Individual
credibility
with bank
Saved Gov. Revenue
Expenditure
Maximum Credit
Limit
For SSA beneficiaries
up to say, Rs. 50,000
Credit
available
to the poor
Withdrawal of
Non-merit
subsidies
(Central and State)
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Government Officials
H.E. Smt.
Pratibhatai Patil,
Hon. President of India
(Personal meeting twice)
Dr. Montek Singh Ahluwalia,
Dr. Bhalchandra Mungekar,
Deputy Chairman, Planning
Commission (Book)
Member, Planning Commission
(Presentation)
• 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 Dr. Parthasarathy Shome,
Ex-Chief Economic Advisor to
the Union Finance Minister
(Presentation North Block)
Finance and Planning Secretary, Maharashtra (Presentation To CM, Maharashtra )
• Mr. Sangith Rao Principal Secretary, Maharashtra (Presentation To CM, Maharashtra )
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Economists & Experts
Dr. D. R. Pendse
Dr. Narendra Jadhav
P B Sawant
Justice – Supreme Court
• Chandrahas Deshpande
• Sunil Bhandare
• Jairaj Salgaonkar
• V. M. Govilkar
R A Mashelkar
M N Chaini
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Political Leaders
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Congress
Manmohan Singh,
Hon. Prime Minister
P. Chidambaram
Union Finance Minister
(Book)
(Book)
Sushil Kumar Shinde,
Union Power Minister
Prithviraj Chavan
MOS, PMO’s Office
(Meeting)
• V George
P.A. to Smt Sonia Gandhi (Presentation)
Pawan Kumar Bansal,
Minister of State for
Finance (Presentation)
Vilasrao Deshmukh,
CM, Maharashtra
(Presentation)
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Political Leaders
Bhairon Singh
Shekhawat
Balbir Punj
SS Ahluwalia
Sompal Shastri
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BJP
LK Advani
Vinay
Sahasrabuddhe
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Yashwant Sinha
Arun Shourie
Sushma Swaraj
Gopinath Munde
Nitin Gadkari
Rajeev
Chandrashekhar
Sudheendra
Kulkarni
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Political Leaders
Mohan Rawle
Suresh Prabhu
Political leaders
Raj Thackeray
• Shweta Paralkar
• Shishir Shinde
Shiv Sena
MNS
Rajan Shirodkar
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Political Leaders
Sharad Pawar
Political leaders
D Raja
• Dr. Kango
NCP
Jayant Patil
CPI
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Industrialists
Deepak Ghaisas
I-Flex solutions
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Narayan Murthy
Infosys
• Arvind Padhye – TCS Pune – Center Head
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Media Experts
Kumar Ketkar
Loksatta
Raju Parulekar
E TV
• Rajeev Khandekar – Star TV
• Yamaji Malkar - Sakal
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Prem Shankar Jha
Hindustan Times
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Creative Artists
Vijay Tendulkar
Mangesh Tendulkar
Sachin Pilgaonkar
Ashok Saraf
Nivedita Saraf
Nina Kulkarni
Mohan Joshi
Kiran Shantaram
Atul Parchure
Prashant Damle
Swapnil Bandodkar
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Educational Institutions
• Goa Commerce College
• Osmania university
NGOs
• Loksatta
• Maitri
• i-Watch
• Prayas (Reli group)
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Terrorism in India
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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How
ArthaKranti
we can tackle this
problem?
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Terrorism Analysis
Reduced
Social
Spending
Lack of
Education &
Skills
Flawed Taxation System
Inadequate
Money Supply
to Economy
High Commodity
Prices due to Heavy
Indirect Taxes
No Access
to Credit
Tax Evasion
Under-utilized
Banking
System
Unemployment
Reduced
Purchasing
Power
Individual’s
Credibility not
Established
Deprivation – from
Resources and Means
(Credit) to Acquire Them
Poverty
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Terrorism Analysis
Loss of faith in peaceful, democratic process,
no hopes of getting ‘justice’ without resorting
to violence
Desperation
Rebellious Tendency
Deprivation, Extreme
Disparity, Envy
Sense of Hurt, Damage to
Self Esteem, Indignation
Poverty
Social Oppression
(Communal / Religious /
Caste / Linguistic etc.)
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ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Physical constraints (Porous borders,
unregulated coastlines)
Lack of clear and firm
Foreign (therefore,
Defense) policy
Home
Parallel economy, Corruption, Fake /
high denomination currency
Terrorism
Public sympathy, Weak
national Character
Birth of a
militant
Logistic support, funding
and training etc from
hostile foreign
organizations / nations
Systemic Administrative
weaknesses in governance
and law enforcement
Propaganda for masses,
Indoctrination of
individuals
Religious
Dogma
Perceived
Historical injustice
Political / Economic /
Philosophical ideology
Loss of faith in peaceful, democratic process, no hopes of getting ‘justice’ without resorting
to violence
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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ArthaKranti Proposal
Withdrawal of existing Taxation System Completely (except Customs/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 (as say 0.7 %, 0.6 % and 0.35 % respectively)
Transacting Bank will also have its share in this deducted amount (say 0.35 %)
as the Bank has a key role to perform
Withdrawal of High Denomination Currency (say above Rs. 50)
Cash Transactions will not attract any tax
Government should make legal provisions to restrict cash transactions up to a certain
limit (say Rs. 2000)
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
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Effects of Proposal
Reduced
social
spending
Lack of
education &
skills
Flawed taxation system
Inadequate
money supply
to economy
High commodity
prices due to heavy
indirect taxes
No access
to credit
Tax evasion
Under-utilized
banking
system
Unemployment
Reduced
purchasing
power
Individual’s
credibility not
established
Deprivation – from
resources and means
(credit) to acquire them
Adequate
revenue with
Government
Poverty
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Home
Effects of Proposal
Unemployment
High commodity
prices due to heavy
indirect taxes
Flawed taxation system
No access
to credit
Tax evasion
Under-utilized
banking
system
Inadequate
money supply
to economy
Reduced
purchasing
power
Individual’s
credibility not
established
Single point
taxation system
Deprivation – from
resources and means
(credit) to acquire them
No
Black
Money
Poverty
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Home
Effects of Proposal
Individuals
credibility
established
Banking
transactions
increased
Unemployment
Reduced
purchasing
power
No access
to credit
Under-utilized
banking
system
Inadequate
money supply
to economy
Individual’s
credibility not
established
Deprivation – from
resources and means
(credit) to acquire them
Poverty
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Home
Effects of Proposal
Industry, trade,
supply
stimulated
Cheap & easy
capital
Unemployment
Single point
taxation system
Purchasing
power
increased
Reduced
purchasing
power
Individuals
credibility
established
Deprivation – from
resources and means
(credit) to acquire them
Poverty
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Home
Effects of proposal
Physical constraints (Porous borders,
unregulated coastlines)
Lack of clear and firm
Foreign (therefore,
Defense) policy
Parallel economy, Corruption, Fake /
high denomination currency
Terrorism
Logistic support, funding
and training etc from
hostile foreign
organizations / nations
Systemic Administrative
weaknesses in governance
and law enforcement
Public sympathy, Weak
national Character
Birth of a
militant
Poverty
Adequate
revenue with
Government
Individuals
credibility
established
Single point
taxation
system
No
Black
Money
Purchasing
power
increased
Industry,
trade, supply
stimulated
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Home
Effects of Proposal
Physical constraints (Porous borders,
unregulated coastlines)
Lack of clear and firm
Foreign (therefore,
Defense) policy
Parallel economy, Corruption, Fake /
high denomination currency
Terrorism
Systemic Administrative
weaknesses in governance
and law enforcement
Public sympathy, Weak
national Character
Birth of a
militant
Social
Security
Adequate
revenue with
Government
Individuals
credibility
established
Logistic support, funding
and training etc from
hostile foreign
organizations / nations
Empowered
Government
Single point
taxation
system
No
Black
Money
Purchasing
power
increased
Industry,
trade, supply
stimulated
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Home
ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Jai Hind!
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