Farming Crisis & OROP & TAX FOREGONE– Rajiv Kumar, GME
June03, 2015 (C) Ravinder Singh progressindia008@yahoo.com
India’s problem is that entire Process of India development is
derailed by Coterie of Genetically Modified ECONOMISTS – all of them
who all trained in Foreign Countries but are on the payrolls of
TRADING CORPORATES MODIFIED TO LIE TO PEOPLE OF INDIA. This WIPO
Awarded Inventor is responding to Rajiv Kumar’s article defending Tax
Foregone to Corporate who Over Sized Traders. Farmers & Defense Forces
Are Illegally Denied Bank Credits & Pensions – Few Corporate Get All
Tax Dodges.
Rajiv Kumar, PRETENTED TO BE IGNORANT of Corporate Diverting CREDIT to
Subsidiaries, 105 of RIL Declare Low Profits, Avoid Taxes.
Over Size Traders making Raw Materials like Cement or Petrol or
Assembling Imported or MSME Made Components & selling them at 300%
cost of production when VALUE ADDITIONS IS 10% are Called
‘Industrialists’ eligible for All Concessions and Scandalously Farmers
who produce Tonnes of Foods from few Kilograms of Inputs and 75% VALUE
ADDITIONS are Treated as Unskilled.
Nitin Gadkai had pointed out many times ‘Cost Production of Cement is
Rs.100 per bag but retailed for Rs.350 per bag, MASSIVE LOOT & TAX
EVASION’.
Why Can’t INDIAN FARMERS & ARMED FORCES 800 million people get similar
concessions or Subsidy? – even Rs.5,00,000 Crores Per Year SUBSIDIES
to them would DOUBLE THEIR INCOME.
Deliberate MISCHIEF of Rajiv Kumar, GME
1.] Rs.80,00,000 Crores PUBLIC INVESTMENT in Bank Credit to
Corporate, Banks & Public Equity, FDI all together yield in as per
Official Budget Document just $75b as Net Profits for 6,18,806
companies. Just two Companies APPLE & EXXON Generate More Profits than
India Corp. http://indiabudget.nic.in/ub2014-15/statrevfor/annex12.pdf
• 334109 companies (53.99 %) reported Rs.10,87,160 crore as profits
before taxes and a total income (taxable
income) of Rs.7,49,901crore for the financial year 2012-13.
• 250865 companies (40.54 %) reported Rs.3,58,896 crore as losses.
• 33832 companies (5.47 %) reported Nil profit.
2.] Astonishingly 75% of Corporate Are SERVICE Companies Not Involved
in Manufacturing But Trading & Marketing, Products made by MSMEs &
Farmers, are ILLEGALLY GETTING ALL Tax Concessions meant for
producers. Table-3
Contribution to India GDP in Rs.Billions
https://www.rbi.org.in/Scripts/PublicationsView.aspx?id=15792
Year Agriculture Industry Services
2008-09 9432.05 10492.20 33111.43
2009-10 10835.14 11953.38 38300.51
2010-11 13196.86 13969.15 45322.59
2011-12 14990.98 15945.68 52980.25
2012-13 16449.26 17004.56 60434.96
2013-14 19063.48 17757.40 67907.20
Agriculture Inspite of Drought Moneylender Trader Exploitation Out
Paced INDUSTRY & SERVICES Illegally Securing $600b Tax Dodges
3.] Farmers Generate TWICE MORE PROFITS THAN ALL CORPORATE BUT ARE
DENIED LONG TERM BANK CREDIT to add value to their produce and market
it. Why Can’t Farmers Store & Market their Produce like RIL or Tatas?
4.] Corporate don’t employ even 1% of Population and pay just 1% of
GDP as Compensation to Factory Workers.
5.] Just two ITEMS Crude Oil & Mineral Oils and Diamond & Gold
together accounts for 42% of Customs Tax Foregone which is Rs.266,197
Crores or over 12% of GOI Tax Collection. THIS IS TOTALLY ILLOGICAL &
FRAUD WHEN COMPANIES ARE REPORTING PROFITS & $10 PER BARREL MARGIN.
6.] Customs Concessions to Corporate IMPORTING Foods vegetable,
fruits, cereals, vegetable oils is Rs.44,122 Crores almost $10b in
2013-14 – ARE WE GETTING SUBSIDIZED FOODS? WE PAY 3-4 TIMES IMPORT
COST.
7.] Inventors WHO Invent Products & Technologies for WORLD MARKET are
not GETTING Tax Concessions – THEIR IPR IS NOT PROTECTED, GET NO BANK
CREDIT OUT OF $120b TAX FOREGONE.
CORPORATE MISLEAD GOI ON IPR – CRIPLE PATENT OFFICE.
REMEDY:
Farmers & Retired Defense Forces Contribute More To The GDP Than
Industry, Add 8X More Value Should Get 50% Of BANK CREDITS, 50% of Tax
Concessions. Food Storage, Processing & Marketing Be Reserved for
Farmers & Retired Defense Forces.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77Hauz Khas, New Delhi-110016, India. Ph; 091- 9718280435, 9650421857
June03, 2015 (C) Ravinder Singh progressindia008@yahoo.com
India’s problem is that entire Process of India development is
derailed by Coterie of Genetically Modified ECONOMISTS – all of them
who all trained in Foreign Countries but are on the payrolls of
TRADING CORPORATES MODIFIED TO LIE TO PEOPLE OF INDIA. This WIPO
Awarded Inventor is responding to Rajiv Kumar’s article defending Tax
Foregone to Corporate who Over Sized Traders. Farmers & Defense Forces
Are Illegally Denied Bank Credits & Pensions – Few Corporate Get All
Tax Dodges.
Rajiv Kumar, PRETENTED TO BE IGNORANT of Corporate Diverting CREDIT to
Subsidiaries, 105 of RIL Declare Low Profits, Avoid Taxes.
Over Size Traders making Raw Materials like Cement or Petrol or
Assembling Imported or MSME Made Components & selling them at 300%
cost of production when VALUE ADDITIONS IS 10% are Called
‘Industrialists’ eligible for All Concessions and Scandalously Farmers
who produce Tonnes of Foods from few Kilograms of Inputs and 75% VALUE
ADDITIONS are Treated as Unskilled.
Nitin Gadkai had pointed out many times ‘Cost Production of Cement is
Rs.100 per bag but retailed for Rs.350 per bag, MASSIVE LOOT & TAX
EVASION’.
Why Can’t INDIAN FARMERS & ARMED FORCES 800 million people get similar
concessions or Subsidy? – even Rs.5,00,000 Crores Per Year SUBSIDIES
to them would DOUBLE THEIR INCOME.
Deliberate MISCHIEF of Rajiv Kumar, GME
1.] Rs.80,00,000 Crores PUBLIC INVESTMENT in Bank Credit to
Corporate, Banks & Public Equity, FDI all together yield in as per
Official Budget Document just $75b as Net Profits for 6,18,806
companies. Just two Companies APPLE & EXXON Generate More Profits than
India Corp. http://indiabudget.nic.in/ub2014-15/statrevfor/annex12.pdf
• 334109 companies (53.99 %) reported Rs.10,87,160 crore as profits
before taxes and a total income (taxable
income) of Rs.7,49,901crore for the financial year 2012-13.
• 250865 companies (40.54 %) reported Rs.3,58,896 crore as losses.
• 33832 companies (5.47 %) reported Nil profit.
2.] Astonishingly 75% of Corporate Are SERVICE Companies Not Involved
in Manufacturing But Trading & Marketing, Products made by MSMEs &
Farmers, are ILLEGALLY GETTING ALL Tax Concessions meant for
producers. Table-3
Contribution to India GDP in Rs.Billions
https://www.rbi.org.in/Scripts/PublicationsView.aspx?id=15792
Year Agriculture Industry Services
2008-09 9432.05 10492.20 33111.43
2009-10 10835.14 11953.38 38300.51
2010-11 13196.86 13969.15 45322.59
2011-12 14990.98 15945.68 52980.25
2012-13 16449.26 17004.56 60434.96
2013-14 19063.48 17757.40 67907.20
Agriculture Inspite of Drought Moneylender Trader Exploitation Out
Paced INDUSTRY & SERVICES Illegally Securing $600b Tax Dodges
3.] Farmers Generate TWICE MORE PROFITS THAN ALL CORPORATE BUT ARE
DENIED LONG TERM BANK CREDIT to add value to their produce and market
it. Why Can’t Farmers Store & Market their Produce like RIL or Tatas?
4.] Corporate don’t employ even 1% of Population and pay just 1% of
GDP as Compensation to Factory Workers.
5.] Just two ITEMS Crude Oil & Mineral Oils and Diamond & Gold
together accounts for 42% of Customs Tax Foregone which is Rs.266,197
Crores or over 12% of GOI Tax Collection. THIS IS TOTALLY ILLOGICAL &
FRAUD WHEN COMPANIES ARE REPORTING PROFITS & $10 PER BARREL MARGIN.
6.] Customs Concessions to Corporate IMPORTING Foods vegetable,
fruits, cereals, vegetable oils is Rs.44,122 Crores almost $10b in
2013-14 – ARE WE GETTING SUBSIDIZED FOODS? WE PAY 3-4 TIMES IMPORT
COST.
7.] Inventors WHO Invent Products & Technologies for WORLD MARKET are
not GETTING Tax Concessions – THEIR IPR IS NOT PROTECTED, GET NO BANK
CREDIT OUT OF $120b TAX FOREGONE.
CORPORATE MISLEAD GOI ON IPR – CRIPLE PATENT OFFICE.
REMEDY:
Farmers & Retired Defense Forces Contribute More To The GDP Than
Industry, Add 8X More Value Should Get 50% Of BANK CREDITS, 50% of Tax
Concessions. Food Storage, Processing & Marketing Be Reserved for
Farmers & Retired Defense Forces.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77Hauz Khas, New Delhi-110016, India. Ph; 091- 9718280435, 9650421857
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