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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: ratan lal who wrote (5918)	8/26/1999 7:28:00 PM
From: sea_biscuit	Respond to of 12475

Yo, I present reams of facts to support my argument. Now, is that too hard for you to understand? On second thoughts, forget about it! You won't get it anyway. You (and other ignoramuses like you) are a good reason why India is in the shape it is in today.

To: ratan lal who wrote (5918)	8/26/1999 9:03:00 PM
From: JPR	Read Replies (1) \| Respond to of 12475

dawn.com Where did Rs 35 billion go, when Pakistan did not send one soldier to Kargil. Pakistan claimed that it provided only moral support to Mujahideen Excerpt from Dawn Apart from the fact that the Kargil episode is said to have claimed an expenditure of Rs 35 billion, all outside budgetary allocations, supplementary demands for grants will soon start pouring into the finance ministry in view of the latest bout of price increases Tax laws: The People pay and the rulers evade taxes. Here the pak. Govt is one step ahead of the Indian counterpart. Neat idea. Jayalalitha, What do you have to say? Excerpt from Dawn The tax culture that the prime minister speaks of and wants to be fostered is best promoted by the example of the rulers. The impression persists that the makers of tax laws themselves evade taxes: either they do not meet their tax liabilities at all or pay very little. Escape routes for the evaders are the numerous money laundering schemes and immunities granted by the rulers from time to time. Tax culture will receive a big boost if the CBR makes the amounts of direct taxes paid by all parliamentarians, central and provincial, public before the end of each financial year and abolishes all the schemes that facilitate evasion. That would create the necessary compulsion for the die-hard recalcitrants to meet their obligations.

To: ratan lal who wrote (5918)	8/26/1999 9:42:00 PM
From: JPR	Read Replies (2) \| Respond to of 12475

Whitener, Taxman Kitty, Election and Electric power, Ministry of Interference, Killing the Golden Goose dawn.com WHAT IS A WHITENER whitening schemes"; Here is a new word. It is NOT YOUR COFFEE WHITENER. THE SCHEME WHITENS THE BLACK MONEY INTO WHITE MONEY. AMERICANS CALL IT MONEY LAUNDERING Pak Govt thinks it is flushing out money and therby whitens it The IMF now wants us to do away with many of the savings and deposit schemes, like the new Foreign Currency Accounts and the Foreign Exchange Bearer Certificates which are tax exempt and regarded as conduits for diverting tax-evaded incomes. Once these "whitening schemes" are wound up, IMF may come down heavily on all bearer bonds where, too, black money is deposited. The fact is successive finance ministers, including the late Dr Mahbubul Haq, came up with attractive whitener schemes as otherwise they could not mobilize enough funds for financing development scheme. Tax Collector & the personal kitty the centre-piece of the action has to be reduction in the massive corruption in the taxation services. If there is no substantial reduction a large part of the money paid by the tax-payers will go into the pockets of the taxation officers and not enough into the treasury. Kill the Golden Goose At a time when we want major international investors to come here to bid for the major projects to be privatized, an American company manufacturing shaving blades here has decided to close its operations after sustaining heavy losses for long due to massive smuggling. It came to the grim conclusion after being convinced that smuggling will not stop. The CBR which has been trying to tax foreign companies more and more should realize it can easily kill the goose that lays the golden eggs for it. Power-hungry ministers, this power is Electric Power. Steal the power Meanwhile, what has been happening in WAPDA is baffling. Power generation during the last eight months under military's management has gone up by 37 per cent but the revenues had fallen by 4 per cent. How could that happen? As a result of higher production of power and better distribution and more efficient bill-collection the income of WAPDA should have gone up substantially. Instead it has gone down. All that has baffled the Ministry of Water and Power which has taken up the issue with WAPDA. From November, 1998 to June, 1999, only 75 per cent of the power sold was billed, while in the same period the year before 98 per cent of the power distributed was billed. How can that happen? All that has upset the Ministry of Power which wants a proper explanation from the WAPDA chief, Lt. Gen. Zulfikar Ali Khan. WAPDA did make some headlines by going after the ministers, MNAs, and MPAs who were stealing or misusing power, but has not been able to do much thereafter. Hence the wrangling between the minister Gohar Ayub and the WAPDA chief who does not want the ministry to interfere in affairs of WAPDA.