New Delhi, October 25, 2017 : A 30-year-old woman was shot dead in the early hours of Wednesday in front of her husband and two-year-old son, police said.
Deputy Commissioner of Police Milind Mahadeo Dumbere told IANS the woman, Priya Mehra, was travelling in a car along with her husband and son when she was shot at around 4.30 a.m. in Shalimar Bagh in north-west Delhi.
Her husband told police he had borrowed money from someone and alleged the lender was behind the killing as he was unable to pay the amount back.
He had borrowed Rs 5 lakh in a high interest rate and as the debt grew into Rs 40 lakh, he was finding it difficult to pay back.
“There were four assailants in a car, according to the deceased’s husband, and she was shot at twice,” the police officer said.
Dumbere said no one has been arrested yet and the body has been sent to Babu Jagjivan Ram Memorial Hospital (BJRM) Hospital for autopsy.
The family was on the way to their house in Rohini from Kashmere Gate, when the woman was murdered. (IANS)
New Delhi, September 18, 2017 : Indian and International media is full of articles regarding large number of farmers in India committing suicide due to debt pressure.
Instead of going to the root of the problem and analyzing the reasons for this phenomenon, Indian politicians have come up with an absurd idea of farm loan waivers.
Majority of Indian farmers under debt trap own very little land. Farming on such small piece of land is not economically feasible. This sector is highly unorganized. Most of the time, no planning is involved in cultivation, irrigation and harvesting.
Middlemen exploit farmers by buying their produce at a very low price and then selling it at a premium to the end consumers.
The irony is that a large number of Indian politicians claim huge incomes from agriculture while farmers starve.
In the province of Madhya Pradesh 24 farmers committed suicide this year over crop loss and failure to repay loans but 18 of the 20 cabinet ministers of the state have shown ‘agriculture’ as their main source of huge incomes.
How come politicians are earning in Billions through farming while the real farmers are struggling to make both ends meet?
Let’s examine the issue in-depth.
The income earned from agricultural land is exempt from income tax under section 10 (1) of the Income Tax Act 1961. Politicians, bureaucrats and businessmen in India launder their money misusing the above income tax clause.
Normally, one cannot own agricultural land in India unless their forefathers have been agriculturists. Rich and influential people in the country obtain agriculturist certificates by ‘greasing the palms’ of the local land officials.
Farmers are not required to maintain detailed records in India. This provides an excellent loophole to pass off unaccounted and undeclared cash as agricultural income. It is done by showing fake sales cash receipts of agricultural produce, which like other certificates can be purchased in India through bribes.
Approximately 800,000 tax declarants in India state exorbitant amounts as agricultural incomes while filing their annual income tax returns.
This income, a whopping INR. 874 Lakh Crores was eight times more than the cumulative GDP of India for the financial years 2011 and 2012.
The average annual income declared by these assesses comes out to be anywhere between Rs. 30-80 Crores, on which they don’t pay any taxes.
It’s obvious that the aforesaid is not agricultural earning instead it’s declared as agricultural income by these assesses just to avoid paying taxes.
According to National Bank of Agriculture and Rural Development (NABARD) Delhi, with hardly any farming land has more farmers indulging in agriculture than Madhya Pradesh, Uttar Pradesh, Karnataka and West Bengal provinces.
Delhi’s so called ‘farmers’ received Rs. 22,077 Crores in agricultural loans during 2009. In reality, these ‘self proclaimed farmers’ are the owners of big farm houses on the outskirts of the capital.
The authorities are well aware of this malpractice. The Tax Administration Reform Committee in its report in November 2014 said, “Agricultural income of non-agriculturists is being increasingly used as a conduit to avoid tax and for laundering funds, resulting in leakage to the tune of Crores in revenue annually”
The Finance Minister of India, Arun Jaitley on 26th April said that the government of India does not plan to tax the farm income.
It reveals that Indian politicians cutting across party lines indulge in this malpractice, 27% of the winning Lok Sabha M.P’s in 2014 elections have declared wealth of over Rs. 1 Crore, majority of which has been mentioned as agricultural income.
Indian opposition politicians blackmail the political party in power by indulging in spurious farmer agitations.
If there is a bumper crop then the opposition parties start shouting that prices have crashed due to over-supply in the market. When farming cultivation fails due to the vagaries of nature, then they start throwing statistics about farmers suicide.
A group of ‘self proclaimed’ farmers from Tamil Nadu province camped at Jantar Mantar in Delhi, the Indian capital city during March this year and indulged in cheap theatrics to draw attention to their protests.
The leader of this group, P. Ayyakannu is demanding that all farmers should be given loan waivers from banks and quoted highly inflated figures of farmers suicides in Tamil Nadu.
The Tamil Nadu government on 28th April, 2017 conveyed to the Supreme Court of India that no famers committed suicide in the state and clarified that a few, who took this extreme measure did it due to personal reasons.
Many farmers died due to old age and other medical issues. Ayyakannu clubbed all of them together to gather national as well as international attention.
Ayyakannu called off this whole play in Delhi on 23rd April after 40 days, when the Chief Minister of Tamil Nadu came to meet these protestors. He said that their group is giving a one month’s time-frame to the government in order to fulfill their demands otherwise, they would resume their protests in the national capital from May 25 on a bigger scale.
This impostor farmer leader Ayyakannu again came back to Delhi again on 16th July with his gang of ruffians to continue their drama.
Ayakannu as per media reports is not even a farmer, but a lawyer, who makes huge amounts of money through out of court settlements and personally owns hundreds of acres of land.
He and his bunch of hooligans all look quite healthy and well-fed. They don’t appear like destitute farmers as claimed by them.
Fake farmers like the aforementioned Ayyakannu are just the front faces of this façade in the name of farmers.
The remote controls of such characters remain in the hands of politicians, who use them for their narrow, selfish, corrupt agendas depending on the political situation at the state and national level.
The governments of Punjab, Maharashtra, Karnataka, Rajasthan & U.P. provinces have waived off agricultural loans worth Billions. This has set up a very bad precedent for the rest of the country.
There are no ‘free lunches’ in this world. These half baked measures like loan waivers just make people lazy parasites.
The following steps would go a long way in helping the real distressed farmers;
Scientific soil and climate testing should be done across all farming regions in India. Farmers can then be educated about which crops to grow profitably, in how many cycles; depending on the soil conditions and climate of the region.
Implement agricultural reforms like farming co-operatives, where farmers having small agricultural land holdings can be encouraged to come together and pool their land plus resources together.
Crop storage infrastructure should be built and maintained in every village so, that farmer can store their surplus produce rather than sell it desperately at a low price.
Crop insurance must be compulsorily introduced all over the country wherein, farmers by paying a nominal amount need not bother about their crops getting destroyed through excessive rain or drought.
Organic farming needs to be encouraged instead of over-reliance on chemical fertilizers. The food waste produced by an entire village can be easily turned into biodegradable compost, through innovative schemes like Vermicomposting.
Vermicast can replace fertilizers in the agriculture fields. This would save money for the farmer and provide high quality chemical free crops.
The APMC’s (Agriculture Produce Marketing Committees) have created a coterie of middlemen, who along with the complicity of these committees, form a virtual barrier between the farmer and the consumer, paying the former a pittance for his produce and charging the latter exorbitant amounts for fruits and vegetables. Vegetables are purchased at Rs. 2 or 3 a kg from farmers and then sold at 30 to 40 rupees per kg to urban consumers. This setup has been going on for decades in every town and city of India. Millions of urban Indians pay artificially higher prices and majority of farmers are underpaid due to this flawed system. The profits are made by middlemen, who do not pay taxes on these huge earnings. It is a common practice for them to store money in cash and not in banks.
These APMC’s must therefore be abolished immediately. Farmers should get direct access to the end consumer through the elimination of middlemen. This would ensure a better monetary return for farmers.
Private moneylenders in and around the villages charge a very high rate of interest from farmers. This unscrupulous sector should be bought under government regulation by bringing down the rate of interest to a rational level.
Government schools in villages are in shambles. They need to be upgraded so, that quality education at an affordable price is available to every child in the village. This would uplift farmers children through educational empowerment. It will enable them to make a transition to non-agricultural professions in future and enhance their family earnings considerably.
The aforementioned steps would cost the government far less than what it is losing in the absurd loan waiver schemes, which anyways don’t help the poor marginal farmer at all. As regard dealing with the fake farmers of India.
The solution entails; no farm loan waivers and bringing the agricultural income above a certain threshold under the tax bracket.
The aforesaid measures would prevent the fake farmers façade spreading rapidly all over the country, while resolving the agrarian crisis of India by assisting needy farmers of the country.
The author is a Master Degree holder in International Tourism & Leisure Studies from Netherlands and is based in China.
NewsGram is a Chicago-based non-profit media organization. We depend upon support from our readers to maintain our objective reporting. Show your support by Donating to NewsGram. Donations to NewsGram are tax-exempt. Click here- www.newsgram.com/donate.
Vastu Shastra plays a significant role in improving your standard of living.
Vastu tips like right placement of different materials would help you prosper.
It is important to impress the Lord of Wealth, Kuber for earning more money. However, Lord Kuber does not get easily impressed, you need to work your fingers to the bone. Science has proven that the traditional Hindu architecture system, Vastu Shastra (science of architect) affects the luck of the individual or the family. It enhances your standard of living.
Below are some Vastu Shastra tips for impressing the Lord of Wealth!
Vastu Tips For Wealth:
Place the money Locker in the South or South-West direction
The jewelry and cash kept in the money lockers should always be in the south or south-west direction. It is said that Lord Kuber lives in the northern direction and if, the locker is opened towards the north, the god will shower wealth on it.
(vastu tips for wealth)
The money locker should not be placed under a sharp focus light
Money locker being the most important thing of your house, should be kept in a calm space. It cannot be placed under a sharp focus light, as it shows that the family is going through a tough time.
(vastu tips for wealth)
Place the locker in front of a mirror
It is stated that keeping a mirror in front of the money locker would double the wealth you have, as the locker’s image gets reflected in it.
(vastu tips for wealth)
Position of staircase for prosperity
The staircase should not be built in the north-east direction, as this portion attracts the greatest money and money; thus, it needs to be clutter free.
While purchasing a plot of land, one must see that there is no high-rise building or temple in the north-eastern direction as it acts as an obstruction in the flow of wealth. If purchasing a land in such a situation is unavoidable, then you must ensure that the building does not cast a shadow on your land.
(vastu tips for wealth)
Tree plantation in the South-West
Vastu Shastra Gurus have suggested that planting trees in the South West region would bring good wealth and fortune in the family and prevent mishaps.
(vastu tips for wealth)
House should be neat and clean
Ever wondered why people say that Goddess Lakshmi resides in the house of those, who keep their houses clean? Vastu Shastra Experts have suggested that the main entrance of the house must always be clean, as it’s an invitation to Lord Kuber and Goddess Lakshmi.
-by Megha Acharya of NewsGram
NewsGram is a Chicago-based non-profit media organization. We depend upon support from our readers to maintain our objective reporting. Show your support by Donating to NewsGram. Donations to NewsGram are tax-exempt.
Aug 03, 2017: It’s time to change the pre conceived notion- “Money can’t buy happiness”. A group of researchers believes the opposite with scientific backing. It says, “you can buy happiness – especially if the money saves you time”.
Research from the University of British Columbia has found that people who dole out cash to save time on things like – paying others to cook or clean for you are more likely to feel happiness, less stressed and more satiated in life.
The author of ‘Buying Time Promotes Happiness’ writes, “Around the world, increases in wealth have produced an unintended consequence: a rising sense of time scarcity.”
“We provide evidence that using the money to buy time can provide a buffer against this time famine, thereby promoting happiness.”
The study involved the researchers questioning about 4500 people from the four countries (U.S., the Netherlands, Denmark, and Canada) about their levels of time-related stress, their life satisfaction and whether they spent their money on material goods or time-saving purchases.
These people were asked whether they paid others for monotonous daily tasks in order to increase their free time. In 28% of cases, the answer was yes. These folks spent an average of $147.95 per month to buy themselves an additional time.
The results found that people spending money on saving time were reportedly more satisfied with their lives than the others.
Furthermore, to narrow the study, the researchers asked 1,800 Americans similar questions and found that 50 per cent of the respondents who had made such purchases also proclaimed greater happiness. These folks spent on an average between $80 and $99 per month for chores like cooking, shopping, and household maintenance.
In an experiment which involved paying 60 Canadians $40 to spend on a weekend found that the time-saving buyers described feeling more positive at the end of the day compared to those who bought materialistic goods.
Elizabeth Dunn, one of the authors of the paper, told the New York Times, “If there’s some task that just thinking about it fills you with dread, then it’s probably worth considering whether you can afford to buy your way out of it.”
However, keeping in mind the perquisites of buying the time, the researchers noticed that many of us choose not to allocate discretionary income this way, even when we can afford it.
“Despite the potential benefits of buying time, many respondents allocated no discretionary income to buying time, even when they could afford it: just under half of the 818 millionaires that we surveyed spent no money outsourcing disliked tasks,” the authors noted.
The rationale behind the findings is the ‘cult of busyness’ – an ideal which sees people favor a tireless work ethic over paying someone for a task, so as to evade appearing lazy.
– prepared by Naina Mishra of Newsgram. Twitter @Nainamishr94