There are many things which you have said with regard to your vision
< Edited excerpts from Congress MP Anand Sharma's speech on the Budget in the Rajya Sabha, July 23, 2014 in New Delhi
..... But too much of emphasis on real estate may not be very healthy.
Add-on
TOP-up
ICL
Foreign Direct Investment:
Trusts as Investment Vehicles
OFFHAND (sharing own thoughts, simply to provoke more on any possible useful lines)
On a first
reading, one is tempted to compliment the writer , as a law student in
his advanced stage of studies, for the pains taken in embarking on an
academic study in a singular way of his own and producing a write-up for
the benefit of the lawyers community. The burden of the song is not
quite clearly understood. Nonetheless, the main thrust , as understood
(open to correction with an appropriate reasoning , if were considered
materially wrong), is seen to be that for FDI, in order to be assured
of protection, 'units', as opposed to 'equity' may prove , in
comparison, a better (if not a safer) bet , as a 'trust vehicle'. In the
ultimate analysis, however, what ought not to be forgotten is, whatever
the law or regulations, be it extant or proposed, the expected
fulfillment of trust, even partially, is wholly going to depend upon
meeting the criteria, and in turn the attitude and behavior of each and
everyone of the homo sapiens, independent of the size of the section of
the people, involving self and thereby becoming a 'vested interest' -
in its ideal or other sense.
While on
the academic discussion, those really interested may wish and care to
look up, among others, a clarification noted to have been lately issued
by a 'competent authority' on a connected point (for ready reference-
HERE Trust/trustee as a partner in Limited Liability Partnerships (LLPS) - Clarification on TaxGuru (which , as commented, appears to be incomplete and lacking in clarity).
Back to the
writer, besides the rest, for a further study, with the hope of more
light being thrown on his chosen topic; and if possible, with
suggestions for any practical solutions.
ICL
related ?
SEBI: Infrastructure Investments and Portfolio Investments
Foreign
Portfolio Investors -
Frequently
Asked Questions (FAQs)
On quickly going through, one’s impression is, that the budget proposals
are no more than mere ‘suggestions’ (to borrow a word from Palkivala),
for long term- in any case not to be mistaken for a policy decision, or
ready-made to be gone ahead with straightaway and given a final shape
for formulating, structuring and enactment, without a truly mindful and
intensive homework.
Again, what the SEBI has come out with mostly
pertain to procedural facets, and at best, a programme; not fit enough
to be to dubbed as “Regulations” amenable to be gone ahead with. As
such, to say that “Now that the tax treatment has been addressed in the
Budget 2014” partakes the nature of ‘foreground’: and more or less akin
to same wisdom as in putting the cart before the horse.(which means, -
doing things the wrong way round or with the wrong emphasis. The idiom
is about confusing cause and effect.)
In this context, attention may be invited usefully to
the recent column in Business Standard
Own Quick reaction:
The speech of this MP marks a striking departure / change in the thus
far been observed in the disposition of the Opposition. One should think
that is a change for the better, indicating the probability of the Opposition
playing a positive passionate role in bringing about a constructive debate
on such matters of intricacies entailing public interest, and thereby
ushering in a new chapter in the way of its functioning.
Her push
for women empowerment is noteworthy, but observers believe she will need time
to come out of Modi's shadow
|
The focus is on the ease of living and making rather simple the tasks
that currently look uphill
< ....has been holding out hope of good governance, there's no clarity yet on
how it will all be delivered and within what time frame. But people close
to decision-making have said the overall thrust is on simplification of
rules and regulations, with the desire to see India among the top
countries in quality of life.
As for social indicators, the latest Human Development Index brought out
by the United Nations (UN) shows India at the 135th position among 187
countries. This is despite India having a higher gross national income
than many. >
"....has been holding out hope of good governance, there's no clarity yet on
how it will all be delivered and within what time frame..."
Cross Refer >
BL
What the PM has reiterated implicitly underlines, very
rightly so, the laudable concept ideally inscribed in the preamble to the Constitution itself- i.e. the concept of "for the people, of the
people" and most importantly, 'by the people"; and the expectation of
active, nay proactive, participation by one and all belonging to the nation.
Looking back through the
gone-by decades, and reflecting upon the human history, all such ideologies, ideals,
requiring to be fitted into any 'public-centric' policy framework,
etc., though conceived of in some form or other, have miserably been
failed to be taken forward. In short, the common behavioral pattern of humans
in action- right from ordinary mortals to the high empowered authorities and
other functionaries entrusted with the respective duties and
responsibilities, have tragically betrayed the objective behind, to even make a
mental note of the one and only principle to be kept in sharp focus; that is, in
the wisdom soaked words of a great renowned visionary of our times,
Palkhivala, integrity personified, strongly advocated for - Optimism of
the WILL as against Optimism ( or Pessimism !) of that dubious thing called
INTELLIGENCE (of individuals or a body of them). The success or otherwise of
the wishfully listed slew of steps thought of , seemingly in the only
right direction warranted by our times, is going to entirely depend equally on
both THE PEOPLE and the new set of people enthroned, unreservedly imbibing that
laudable principle, to be translated into action with all the speed on command.
Driven perforce down the memory lane, this marked development
reminds one of what John F Kennedy (US) said, albeit with a
different stroke.
< Sources Of Evils ( Present Times / An Attempt TO Identify)
Modern Times compulsions-
Impulsive , mindless, no homework, no guinea pig test, NO
FORESIGHT9 even 'common sense the rarest of rare
commodities (faculty)..
size- dimension, parameters, limits, overstretching or
outstretching beyond tensile strength- no thought given before
introducing for practice
universal to all human activities you name- law,
implementation, enforcement (Nani said ---)
INNOVATIONS
RTI
OUTSOURCING
Changing / Changed Concepts
Dividing Lines / Clear-cut Debarkation
e.g Executive (Govt. ) X Judiciary
QUALITY X QUANTITY
Input
Output
Greed
Wants X Wonts
Dos X Donts
Personal , private
public-, self- Centric
Yawning Gap
duty , responsibility, answerablity
time and tide wait for none
personal x impersonal
Excessive, Possessive
Power X Politician (professional / UNprofessional !)
Comfort, Convenience, Happiness, Contentment,
Computerization, Modern Technology
UNharnessed , Uncontrolled - not knowing the direction, speed
to proceed - no moderation
Banking, Health (diagonosis)
Mobile
CTS (scan x chq.)
Banks (ref. Blog on KYC)>
Burdening banks with raising capital beyond a point will hobble credit growth
The Reserve Bank of India’s move to identify domestic systemically important banks (D-SIBs) is a...
»
Instance of roll-out, and -back
Mobile No. For Tax
Inept management, beyond Control, tsunami or explosion of .....
|
TIME for Introspection , Not Retrospection, OR REforms. or Regulations much less super regulatins ?