It’s a broad day loot rampant all around these days with the competition amongst the looters as to who can squeeze a customer the most in the matter of charges. The scenario is worst in the case of medical practitioners irrespective of the discipline which they belong to –allopathy, ayurvedic, homoeopathy or even unani. The great thing is that all of them are getting a sumptuous number of customer patients which amply shows that there is no dearth of money at all at their level. Dental surgeons have a typical way of charging their fee. For treatment of a solitary tooth they charge for three on the logic that the adjoining teeth too form the requisite base. How funny? Requisite base is entirely a secondary basis impliedly linked with any tooth otherwise and there can be no logic in charging for it. If one tooth is damaged and requires to be treated or removed why the hell the adjoining tooth be charged for nothing. The most unreasonable side of it is that if the charges for treating one tooth is say Res.3,000/ the amount charged is 9,000/ (1 tooth+2 adjoining teeth by its right and left side). This is a sheer loot and a heinous practice like this on the part of the dentist doctor requires to be arrested peremptorily in the interest of the patients.
Tuesday, 19 August 2014
Thursday, 7 August 2014
Borrowings to continue being costlier:
Now that Reserve Bank of India has come out with their decision on credit policy keeping both Repo and Reverse Repo rates in their existing mode, there is hardly any hope for relaxed rates of interest on borrowings with the result that loans in segments like home, auto and personal are bound to remain costlier. Reserve Bank’s decision is based on soaring prices which hardly have any chance of getting relaxed particularly in view of the poor monsoon. The impact of Reserve Bank’s decision is clearly visible on the share market too where the index slipped down by Sensex 242.74 and Nifty 74.50 yesterday doing away with the little recovery it had made day before. Reserve Bank’s decision appears somewhat in contrast to what was emphasised by the Finance Minister Arun Jaitly in his last budget speech with an indication that easy housing loans should be there to facilitate those who aspire for a house for themselves. What has actually transpired is in no way going to help the borrowers.
Sunday, 3 August 2014
Ever hungry M.Ps. want higher limits for poll expenses:
Call it hunger or lust, the Members of Parliament, at least majority of them if not all, all along have an unquenchable thirst for money in some name or the other as if hyper jump in their salary and allowances last time with basic pay alone fixed at one lakh per month was not enough. They are practically on a loot of public exchequer for their own comforts and luxuries. Now many of them are clamouring for an enhancement in their poll expenses limit. There are many contestants who already spent in their last elections much beyond the limit prescribed by the Election Commission which is an offence but nothing sort of any penalty or punishment happened to them. Their allowances other than salary are innumerable. They are the ones who raise hue and cry every time there are demands raised for improvement in monthly emoluments for the employees of public sector undertakings including banks who toil hard with their sweat and blood in the interest of the people of the country. Employees are forbidden by their service rules to opt for any side job or business as against the M.Ps. who have a multiple tier of businesses to earn a hefty income besides their own salary and allowances. It is a sheer corruption in a way and time has come for the concerned authorities that be in the matter to cry a robust halt to their ill manoeuvred designs to grab public money some way or the other.
Monday, 28 July 2014
Not enough to award cash penalty:
Indian Railways Board has since taken a decision to slap a penalty of one lakh of rupees on their catering contractors if food provided to the passengers is of an inferior quality. Not enough as it may hardly serve any purpose for the reason that the contractors supplying food to the railway passengers earn a lot by providing an inferior food stuff and for them it rather works as an incentive to continue with their supply of bad meals. Money is no problem for them as they earn enough of it through nefarious means. They in fact are required to be criminally proceeded against awarding them harshest possible punishment capable of acting as a big deterrent besides permanently cancelling their licence of contract. Those who play with the life of the rail passengers by providing them mal stuff in no way deserve any sympathy. They only deserve a considerable jail term with no relaxation extending the same pattern of punishment to all others who indulge in providing poison in the name of food to the travellers.
Saturday, 26 July 2014
There lie the roots of soaring prices:
There are many a high earning islanders who flourish on black money or the money earned through corrupt practices even at the level of so called low status wage earners. If one goes by the press news, a peon belonging to KDA (Kanpur Development Authority) owns assets to the tune of 100 crores of rupees. Wherefrom he earned this much of property including cash? Obviously through nefarious means. There could be thousands of such people in the city and adjoining areas. If this man is proceeded against with some drastic punishments, chances of which are only remote in the system that obtains on date, he will use money to win the favour of the authorities that be as a bribe to get out of the trouble. Obviously the huge amount of money will change hands and ultimately it goes in the market where it forms a circle with bad money. Such deals taken in totality become the root cause of undue money responsible for soaring prices and they are of the type which don’t fall in the category of the checks the government plans as a curb on every day growing prices. In fact what may serve the needed purpose doesn’t lie merely in imposing curbs on the traditionally identified areas and what may elicit the desired results is to unearth the deals at much lower a level also like that of a petty peon making money to the tune of more than 100 crores. The case under reference is not a solitary instance as there could be an innumerable lot of them.
Sunday, 20 July 2014
Easy money or money earned nefariously:
Never easy it is to earn money. Even a beggar has to put in hard labour to earn whatever little he fetches. Islam prescribes that it is haram to earn any money without putting in necessary labour for it and so do the other religions too to forbid any mode of earning unless there are due efforts made for the purpose involving some amount of labour or the other. But human tendency all over the world is to follow only those portions of religious sermons that suit them and are compatible to their desires. What is followed in practice is securing easy money some way or the other not necessarily involving much of physical labour. Black money comprises of such earnings accumulated through corrupt practices. Even small traders resort to such a mode of earnings. The government of India recently announced about 35% of relaxations in number of medicines but you go to any medical store they are not prepared to reduce the prices on the pretext of no official information yet received by them. They are the same persons who forthwith implement such decisions the moment they are announced or published in the news papers without waiting for any official information if the prices are raised. Same thing is done by the dealers in petrol and diesel followed by traders in other house hold essentials including road side thhelawalas. Call it easy money but in actual terms it is black money remaining unaccounted for and majority of business people in India, big or small, flourish on it.
Sunday, 6 July 2014
Don’t they deserve a thick thrashing like this?
This is a local news from Kanpur (Uttar Pradesh, India). Kanpur Electricity Supply Administration (KESA) where nothing moves unless you grease their palms sumptuously even for your most rightful routine consumer needs in relation to supply of electricity. Certain engineers and other junior staff from KESA were mercilessly beaten black and blue in two different localities of Kanpur the other day for the reason, as the people say, that they wanted to get obliged with illegal gratifications for attending to the jobs they were otherwise required to do free of any charge. Such incidents are more or less a routine as they occur with quick frequency. More surprising a feature is that despite such a thrashing they get every now and then as from the public they are virtually refusing to refrain themselves from resorting to such an evil practice as if they find it worth in view of the hefty sum of money they earn as bribe. Theirs is an organised gang where even an ordinary line man is able to fetch bribe money in thousands of rupees in a day and in fact it is such an undue earning that contributes miserably to the soaring prices in the local market. Normally the crude thrashing they get off and on from public is something to be discouraged by the people in a civilised society but the common men are left with no option as consumers but to go for it in the absence of any other relief available to them as from the governmental administration. If common man’s plight is any consideration one feels inclined to endorse the treatment they are giving to the hefty money makers by illegitimate means with thrashing and more thrashing.
Tuesday, 10 June 2014
Soaring prices in a developing economy:
The present government under the dynamic leadership of the Prime Minister Narendra Modi is all set to have a curb on soaring prices, an area of sharp criticism every where and a major component which did cast UPA their government. The very message as from the present governmental quarters that efforts are in the offing to secure some breather is heartening and received well at the level of the people in general. There are doubts, however, if the endeavours made in this direction may really elicit some tangible relief as these are two deeply inter related areas –soaring prices and developing economy. Any healthy development is all supposed to equip the people with jobs, business and multiple avenues for prosperity which factors in turn are likely to enhance the purchasing power of the consumers and this is bound to result into a steep rise in prices of essential commodities based on the well accepted theory of supply and demand. Any developing economy supplies more money to the people enabling them to resort to more buying and more the buying more are the chances of the prices shooting up. If Modi Government is able to maintain the growth in the meantime keeping a check on price rise it settles at a miracle only.
Sunday, 25 May 2014
Plastic currency
“Ensuring trust and confidence in money is at the heart of what central banks do,” Mark Carney, the governor of the Bank of England, said in a statement. “Polymer notes are the next step in the evolution of banknote design to meet that objective. The quality of polymer notes is higher, they are more secure from counterfeiting and they can be produced at lower cost to the taxpayer and the environment.” India too is making a necessary headway to shortly introduce plastic currency in the country falling in line with the countries which have already switched over to this mode of currency which involves lesser cost and is user friendly in the sense that the wear and tear is negligible. Earlier in India those who had money in terms of gold coins or later in silver coins enjoyed keeping them in a cotton tube around their waist all the time feeling proud of them but that possibility may lack now as the plastic currency can at the best be kept in a wallet and not in a cotton tube or bag.
Friday, 25 April 2014
Taking a chance with money:
Life itself is a chance and it need not be taken as some thing unusual if one has to take it with money too. There is nothing in this world which can just be taken for granted. One tries on several fronts and is able to succeed on a few of them or even nothing of them at all. Money plays most vital a role and is a factor which counts most in this material world. People all the time hanker for tracing some short cut devices to earn money and more money. Convenient most short cut for the purpose currently is resorting to share trading where one can go ahead even with a small amount of money although higher returns are possible only when there are bigger sums of amount invested. As an inbuilt system of human mind, once there is a take off with small investment it is soon followed by the lust for more earnings and that is a cycle which takes multiple turns resulting into abnormal fluctuations and then it settles at a colossal loss. Some of my friends requested me to write regularly on stock market with guidance on investment strategy. I know I am not an expert in the field and hence not capable enough to lay down the requisite guidelines. If I venture to issue certain guidelines in the matter they may only provide a bigger tilt towards heavy losses to the investors and that is the reason I am restraining myself from taking any plunge in the direction. As a lay man of course I can only suggest the investors to always resist their temptation for bigger gains and feel contented with frugal returns to their hard earned money. This may work though modestly only but surely it may take care of major setbacks with fair chances of earning some money at least. Let need not be overtaken by lust.
Sunday, 16 March 2014
Share trading as a career:
Full of risk it is no doubt but for many it is a career building channel. Those who are risk conscious very well have the option of dealing in plain equities as against several other areas which are otherwise full of hazards and liable to cause havoc emerging out of heavy fluctuations in the share market. Yet there are thousands of traders who are able to earn in a sumptuous measure much more than normal salary earners but this is a field where upheavals of a massive order are a common feature. Within minutes one may grow to the status of a millionaire or may dwindle down to the level of a pauper. Only those who can afford investing big sums are the people who can earn well but others too can go ahead with smaller investments if they avoid areas of risk and trade only in shares within a set time frames regularly watching the mood of the market. Better it is always to go for a moderate trading without unnecessarily feeling over greedy in the matter.
Wednesday, 13 November 2013
Are consumers really a rich lot?
Development or no development but it looks really so anomalous that consumers are now no more the people who once hankered all the time for some financial relief or the other. This phenomenon is quite manifest when you cast a look on the crowds of the shoppers thronging in malls and the other sundry shops in the market. If there is paucity of the resources, how come they are capable of affording a sumptuous shopping spree. There are mainly two reasons for such an anomalous position –one that standard of living on the part of the people in general has gone too high and –two that there is no dearth of black money in the country facilitating uncalled for deals and transactions. The best option for using black money lie with the hotels, restaurants and sundry shopping markets where one can spend as lavishly as he wants remaining fully unnoticed identity wise. Culture of the type like this could have been better recognized if there was a compatible developmental growth enabling the people to consume a sort of well accounted for amount of money.
Saturday, 9 November 2013
Maya’s maya–her brother’s seized wealth is returned:
Not long ago the much talked about case of disproportionate assets against BSP Supremo Mayawati![Mayawati[1]](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOYoh1Z4V6Od2u2JkQblNIa9x2_43yS3T2V4yItPwukkVVKjnhHaIuH_PNvw6IW0TALOFQ59BJQV0tGRPOLRodP9p8-BBwrBhlc3O2sZLDFdDG6oz8ZEHvPcsBJKX38U26Y5ou7Hwl1AhH/s1600-h/Mayawati%25255B1%25255D%25255B2%25255D.jpg "Mayawati[1]")
was dropped and as the talk goes it was a reward awarded to her for her rescue measures extended to UPA. Whatever it was it was certainly a big relief to her. It didn’t stop there alone, she has now been given another big relief by way of releasing money to the tune of 400 crores of rupees which amount was earlier seized by the Income Tax authorities who traced this much of wealth on a raid conducted by them against him. The ground now taken is that since Anand Kumar, her brother, paid the required income tax for the money so traced that is good enough a proof to show that it was well earned without using any illegitimate means. Those who say that the laws and rules go limping when there is the politics involved are correct in their perception.