346. GSI2026_ Making India a sports superpower. Growth Sector India 2026

Making India a sports superpower...

Bench marking Australia

Government need to bring the bill for sports people, 

1.    All Gold Medal, silver Medal. Bronze medal sports people on State level, National and international level should get life time pension benefit, 

2.    Pension will increase on add on every medal . 

3.    Minimum level of pension need to be define So that sports people should not fight for survival and not force to sale their medal for survival.

Making India a sport superpower

1.   Free Medical facility for their family can boost & 

2.   Pension scheme, 

3.   Special tax benefit will boost intreast in India towards sports and help making India a sport superpower

Government Initiative:
PIB/ 30 Jan 2015

Sports Ministry Enhances Award Money for Medal Winners in International Events and their Coaches

The Ministry of Youth Affairs & Sports has revised the Scheme of Special Awards to medal winners in international events and their coaches. In the revised scheme, the award money have been enhanced. The amount of award money for medal winners in Olympic Games (summer and winter) has been enhanced from existing Rs. 50 lakh (gold medal), Rs. 30 lakh (silver medal) and Rs. 20 lakh (bronze medal) to Rs. 75 lakh, Rs. 50 lakh and Rs. 30 lakh respectively. The amount of award money for medal winners in Asian Games and Commonwealth Games has been enhanced from existing Rs. 20 lakh (gold medal), Rs. 10 lakh (silver medal) and Rs. 6 lakh (bronze medal) to Rs. 30 lakh, Rs. 20 lakh and Rs. 10 lakh respectively. In the category of the World Championships, Asian Championships and Commonwealth Championships, three separate categories of award money have been provided depending on whether the championships is held once in four years, once in two years or held annually. Amount of award money for medalists of Paralympic Games (summer & winter), Para-Asian Games and Commonwealth Games (Para-Athletes) have been fixed at par with medalists of Olympic Games, Asian Games and Commonwealth Games. IBSA World Championship of Blind, Deaflympics and Special Olympics (summer & winter) have been included in the revised scheme of special awards. Under the revised scheme, the number of days of training/coaching imparted by coaches to medal winners preceding the event to be taken into account for deciding eligibility of coaches for award money have been reduced from existing 240 days to 180 days. The revised Scheme of Special Awards is available on website of the Department of Sports. *** AD/DB (Release ID :115042)

Unfair Practices in restaurant business & Hotel Business leads black money and corruption due to un- clarity in TAX system

Unfair Practices in restaurant Business & Hotel Business leads black money and corruption due to un- clarity in TAX system

Market Current needs - Reducing Taxes

Suggestion to PM of India-Removing Tax to remove black money and corruption

One INDIA, One VAT & One Service Tax   

Benchmarking Europe, Europe have no of countries but behaving like one

We talk about one India but why does VAT changes from state to state it should be common nation wise bench mark the Europe

Appeal from Central board of excise and Custom - Department of revenue
 http://www.cbec.gov.in/
& https://www.aces.gov.in/ -- aces.servicedesk@icegate.gov.in

 Clarity in product and service,

• Service tax should not be imposed on product. It is for service
• VAT bring in force to remove the middle people but it is misused by state government
• What is the meaning of VAT – Value Added Tax in Food Item or restaurant Food? 
•  Un-clarity of Service meaning in restaurant. Restaurant owner charging Service tax + VAT + Service, This is big source of Black money. Restaurant Framework needs to be establishing for Restaurant food. 

Taxes I have seen many kind of manipulation due to un-clarity in tax rules in the name of service Restaurant owner charging unnecessary charges and big source of black money.

•  Service Tax 4.8% (in few places 4.94%) now ( 2015-  5.6%
•  VAT- 12.5% (In Noida 14%)
•   Surcharge 5%
•    Education Cess
•    S & H. Edu. Cess
•    Service charge
•    Tip
•     Luxury Tax

Solution:

1. No service charge in restaurant allow
2. All prices mention in menu should include all type of taxes
3. Then taxes need to be paid by hotel or restaurant owner
4. Same kind of concept need to bring in other product and services also. means all inclusive

  Restaurant Segment frame work need to be redefine

 

 

 

Really Public -Not Liking Government Initiative- 

many taxes Increasing the tax load to generate revenue

In a decisive step towards the introduction of Goods and Services Tax (GST) in India, Friday (December 19, 2014) saw the tabling of the Constitutional (One Hundred and Twenty Second Amendment) Bill, 2014 in the Lok Sabha. 

According to the Government, the Bill will be taken up for passage in the Budget session in 2015. This sets the tone for the implementation of GST in India.

Long Term Changes wish to see with New Government

Long Term Changes wish to see with New Government 

1. No direct taxes, Income tax, Property tax, VAT, CST , GST, Service tax, .... only bank transaction tax (0.01%) to boost liquidity in market.
2. Government Bill like - Every person/ Companies/ religious Institution / Sports body/ Film Industry/ should have to spend 70% of his/her last financial year income in in next financial year or other wise need to spend in social drive in other word only 30 % of income can be saved for future. this will boost the market , lots of liquidity , no corruption. no terror activities.
3. Every one have job
4. Every one have one home.
5. Every one should have free school education( up to 12th) and free health hospital for children and senior citizen like in foreign country

Mind Blowing Idea presented by http://www.arthakranti.org/

really thankful for wonderful thought
http://timesofindia.indiatimes.com/india/ArthaKranti-suggests-bank-deposit-based-tax-system/articleshow/28531756.cms