Shri Anil Bokil , one of the key member of Arthakranti Sansthan
was given time to share to PM Modi. He was given 9min for sharing but Mr Modi
heard him for 2 hrs.
Arthakranti Proposal
What is Arthakranti Proposal and who has given the proposal?
“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.
Arthakranti Proposal is an effective and guaranteed solution
of Black Money Generation, Price rise and Inflation, Corruption, Fiscal
Deficit, Unemployment, Ransom, GDP and industrial growth, terrorism and good
governance.
What is in the Proposal ?
“Arthakranti Proposal has FIVE point of actions
simultaneously.
(1) Scrap all 56 Taxes including income tax excluding import
duty.
(2) Recall and scrap high denomination currencies of 1000,
500 and 100 rupees.
(3) All high value transaction to be made only through
banking system like cheque, DD, online and electronic.
(4) Fix limit of cash transaction and no taxing on cash
transaction.
(5) For Govt. revenue collection introduce single point tax
system through banking system – Banking Transaction Tax (2% to 0.7%) on only
Credit Amount
Important Points to note:
(1) As on today total banking transaction is more than 2.7
lakh crores per day say more than 800 lakh crores annually.
(2) Less than 20% transaction is made through banking system
as on today and more than 80% transaction made in cash only, which is not
traceable.
(3) 78% of Indian population spend less than 20/- rupees
daily why they need 1000/- rupee note.
What will happen if All FIFTY SIX Taxes including income tax
scrapped :
(1) Salaried people will bring home more money which will
increase purchasing power of the family.
(2) All commodities including Petrol, Diesel, FMCG will
become cheaper by 35% to 52% .
(3) No question of Tax evasion so no black money generation.
(4) Business sector will get boosted. So self employment.
What will happen if 1000/ 500/ 100 Rupees currency notes
recalled and scrapped :
(1) Corruption through cash will stopped 100%.
(2) Black money will be either converted to white or will
vanish as billions of 1000/500/100 currency notes hidden in bags without use
will become simple pieces of papers.
(3) Unaccounted hidden huge cash is skyrocketing the prices
of properties, land, houses, jewellery etc and hard earned money is loosing its
value; this trend will stop immediately.
(4) Kidnapping and ransom, “Supari killing” will stop.
(5) Terrorism supported by cash transaction will stop.
(6) Cannot buy high value property in cash showing very less
registry prices.
(7) Circulation of “Fake Currency” will stop because fake
currency printing for less value notes will not be viable.
What will happen when Banking Transaction Tax (2% to 0.7%) is
implemented :
(1) As on today if BTT is implemented govt can fetch 800 x 2%
= 16 lakh crore where as current taxing system is generating less than 14 lakh
crore revenue.
(2)When 50% of total transaction will be covered by BTT
sizing 2000 to 2500 lakh crores, Govt will need to fix BTT as low as 1% to 0.7%
and this will boost again banking transaction many fold.
(3) No separate machinery like income tax department will be
needed and tax amount will directly deposited in State/Central/District
administration account immediately.
(4) As transaction tax amount will be very less, public will
prefer it instead paying huge amount against directly/indirectly FIFTY SIX
taxes.
(5) There will be no tax evasion and govt will get huge
revenue for development and employment generation.
(6) For any special revenue for special projects, govt can
slightly raise BTT say from 1% to 1.2% and this 0.2% increase will generate
4,00,000 crores additional fund.
Effect of if implemented today :
(01)Prices of all things will come down.
(02)Salaried people will get more cash in hand.
(03)Purchasing power of Society will increase.
(04)Demand will boost, so will production and
industrialisation and ultimately more employment opportunity for youth.
(05) Surplus revenue to the govt for effective health/
education/ infrastructure/ security/ social works.
(06) Cheaper and easy loans from banks, interest rate will
come down.
(07) Tendency of society will changes from scarcity to
quantity.
(08) Spare money for political system for clean politics,
(09) Prices of land/ property will come down,
(10) No need to export beef to cover up trade deficit
t11) Sufficient fund for research and development.
(12) Society will be free from “Bad elements”.
A very nice n simple compilation with logical impact. Worth
sharing!!
"ArthaKranti
proposal -It will Fully Change India" on YouTube -
https://youtu.be/GVfmUmB0bpM
Please share it with others so that every Indian is aware of this.
GoITWay
Software Developers Goa India
www.goitway.com
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