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SUFFERINGS OF BEING BIHARI-A NON RESIDENT BIAHARI(NRB)

Bihar is very unique in its social,economic & cultural pattern as a result large % of population is still struggling to meet both ends whereas the other remaining pie of people are very rich and Affluent who controls the economy of Bihar.

Of late after Laloo regime in Bihar who aggressively plays the Cast politics and rule the state for two decades where Bihar was struggling for basic needs especially after food it was Health and Education .

No University was sticking to their examination sessions on time causes exodus of Bihari students and settled outside Bihar in all the parts of country to shape up their life and future. 

Over the periods these NRBs(hereafter will be referring them as Non resident Biharis, NRB) excelled in almost every walk of life and earn their livelihoods leaving their parents at native places.

These NRBs also contributed large amount of economy back to Bihar as they keep sending at least one third of their earnings back home.

After Sh Nitish coming back to power with NDA on the issues of development by defeating Laloo government,people of Bihar had lot of hopes from him and he brought significant change in Bihar and Biharis at many parameters but then again fell prey of caste based politics,shakes hand with Laloo and others who he opposed once and ruled Bihar for two decades; a large % age of young voters are not happy and they are not going to buy their idea of cast based politics.

Each of young voters wants development in his own state like rest of India. 

Today Bihar wants to know from these politicians when we are self sufficient in every thing, let it be fertile land,coal,water,mines or talent then why we can not progresses like rest of the states in our country. Where do we lack if we have all the resources?

Answer is very tricky.It can be understood by the policies of Britishers where they ruled India by Divide& Rule policies since more than 200s of years. 

Here politicians never wanted the poor,Dalit & Backwards to get the education. They systematically mar the education system in the state so that only those who are rich and sustain will get education by moving out of state and the poor became the labors of our country. 

Since the state neither seen Green revolution nor Industrialization in long run(since Independence) with no policies for decades on Road and Electricity; there was nothing left in State to stay with and larger portion of youths in 1990s moves out for livelihood and became labour.

Today one can find three different types of migrants Bihari;One who are IAS,IPS,IRS,Engineers and Doctors,

Second have indulgence in small business like selling veggies and fruits, and driving Auto rickshaws and 

Third,a very large percentage of poor who could do nothing but either their parents were bonded labours in Bihar or starving of food moved out as a Labourers and initially engaged in farming in Punjab where these labours were being sent and auctioned for Six months and they too here was working like bonded labour only but there life was a bit better than in Bihar.

Today Bihar's migrants,though due their hard work,achieve a respectable life but the tag of Bihar as a LABOUR is still there.

BIHARI word is a synonymous of a type of abuse for Bihari. 

Everyday on day to day basis NRBs are struggling for their own existence and trying to prove that we are not less in any parameters than people of other state,facing hurdle at every steps but nothing succeed and win such proxy war outside Bihar unless Bihar progress.

Unless Bihar adopt the change of leadership for the cause of Developments in Bihar in terms of Road,Electricity, Farming,Industry and Health etc,the proxy war of NRB will remain as is.

The youth of Bihar must choose the Government who can bring change in Bihar.

We must ask questions to ourselves why Bihari should go out to get education when we own the world's first University in past as Nalanda university?

Sher Shah conceptualise and inaugurated the GT road in Bihar then and today we do not have road,why? We had the genious amongst us like Aryabhat,Chanakya,Chadragupta and Emperor Ashoka and we had the tag of Labours why? 

Two major religions in the world started from Bihar; Buddhism and Jainism; and we are struggling to regain our existence Why? 

Just think Friends,How long we keep fighting among our own brothers in the name of cast and reservation. Let us choose our own live by bringing everything in our state what we deserve for. How long we get abused of a state of Laborers, and we will be known as BIMARU State.

Development and only Development should be our only motto so that we must go back to our state and stay with pride.

Let us dream of a rich,progressive and prosperous BIHAR.

BSES-REQST FOR NAME CHANGE ON ELECTRICITY BILL

Usually this is the requirement whenever one purchase a property,one require to change the the name of owner/name on the Electricity bill of previous owner.
Please go through the following documents before you proceed to BSES offices of your area to avoid inconvenience and to get your job done in one go within 15 Minutes.

Please prepare your documents as under:-

Get The LATEST COPY OF PAID ELECTRICITY BILL

1.Get TWO PASSPORT SIZE PHOTOGRAPHS,

2.Get THE PHOTOCOPY OF YOUR REGISTRY PAPERS OF PROPERTIES.Sign it on each pages of its papers.

3.Get the PHOTOCOPIES OF YOUR TWO IDs eg PAN,ADHAR CARD,VOTER ID,DRIVING LICENCE OR PASSPORT
Carry the originals along with and append your signature on the ID copies.

4.Get an AFFIDAVIT ON NON JUDICIAL STAMP OF Rs.10/=,The Content of the Affidavit is attached here under for reference.

5 Fill up an APPLICATION FORM for NAME CHANGE.(Application form is available at free of cost at the office premises and it takes only 5 minutes to fill up the form where it requires to affix your photographs.Copy of Form 1st page only attach)
6.Once all these documents are ready,call@39999707 and get the Request No.

7.Go to the nearest BSES office,Quote your request Number and submit all your papers.That is it.

8.For Joint Name all the procedures/documents required are same except one require photographs of both the member with signatures of both on each pages of Property papers and their.Of

course it requires ID for both with their respective signature appended on it.

GREECE CRISIS-A BIRDS EYE VIEW

Greece Crisis is an example of over expenditure met by debt borrowings and default in payments schedule with a GDP in downward trend from 7.7% on year to year basis till 2000 goes to -Ve.

Debt payment was done by borrowing from other financial institutions each time till it default more recently.

Greeks enjoyed the lavish life with a living standard ranked 21^st in the world till recently unless the recession crept in by 2008 and the government starts taking austerity measure to meet the repayment schedule very recently by the beginning of 2010.

Athens being the capital of Greece with “Drachma” was its currency till 1999 prior to adopting Euro by 2001.

Shipping and Tourism are the main sectors contributing GDP. Greece is facing Debt crisis since it has accumulated high level debt during the decade before financial crisis when the market was highly liquid.

As the market faces financial crisis there was liquidity crunch in world economy thereby making borrowing difficult as well as expensive and this makes difficult and irregular of repaying the debt.

This was due excessive expenditure, mismanagement, unregulated labor market and obsolete pension system.

US sub-prime crisis by the end of 2008 had a large impact and further deepens the crisis to Greece as volatile capital markets due to liquidity crunch resulted in lower capital flows. Strict norms were made for banks to grant loans and rates were also increased thereby borrowings becomes costlier and difficult for Greece. This had a large affect on shipping and Tourism of Greece which was prime contributor to GDP.

It was forced to borrow heavily from the world market to fund Government Budget and account deficit and accumulated high level of debt before the financial crisis or the recession took place.

During this period Government expenditure increased by 87% whereas economy grew only by 31%.This resulted in Rising unemployment, Tax evasion and corruption.

Greece foreign policy largely focused on neighboring countries (Romania, Bulgaria, turkey)were also under the grip of recession.

The Europian union IMF,and the ECB sets up Tripartite committee(TROIKA) to prepare program whereby in May 2010,3 years package of Euro 110 billion was declared and ECB provided substantial liquidity support to Greek’s private Banks Euro 51 billion(b/W  Jan 2010 to May 2011).

Euro zone provided again a loan of 109 billion in July 2011.ECB purchased bonds valued 78 billion from Greece Govt.

EU also made a proposal to make a single authority responsible for Tax and Govt.spending.

Three consecutive austerity measures were taken in Feb 2010, May 2010 and Jan 2011 whereby salaries, leaves Bonus, pension and various perks were cut (almost Euro 40 billion) which resulted in large scale protest.

G20 leaders come up with plan to protect Banking system against crisis by recapitalizing the banks so that they can absorb the losses without going bankrupt.

France and German trying to save Greece being bankrupt it defaults. Greece FM told to resolve the crisis and US is putting pressure on EU to save Greece otherwise it will lead to double dip recession.

Now due over public expenditure and over borrowed, Greece is on the verge of default. Greece Govt is taking tight austerity measure to bring down budget deficit to 0.9% of GDP by 2015.

Now the EU is in dilemma whether to save Greece or let it go default.

Greeks are going for referendum on Sunday and have to vote in terms of YES or No but people are totally confused about the questionnaire which will decide Greece's relationship with European union. 

  

HIGHLIGHTS OF DIGITAL INDIA

                                       Highlights of Digital India

(1)Digital india is a massive technical push to provide E-governance and Universal phone connectivity across the country,bringing in large investment in technology manufacturing.

 (2)The PM described digital India as a road map to change India’s future as this has to be done as early as possible or the world will pass us by.

(3)E-Governance is going to change into M-Governance... M is not Modi Governance, it is mobile governance,"

 (4)Reliance Industries Ltd plans to invest about 2.5 lakh crore ($39.3 billion) in digital initiatives.

 (5)Push to connect India and drive a national fibre optic network to those outside large towns and cities

(6)Telecom Minister Ravi Shankar Prasad has said that during Digital India Week, the government expects "billions of dollars in investment", critical for a government that needs to create more jobs quickly.

(7)The government plan aims to stop net imports of technology and electronics by 2020, while creating over 100 million jobs.

(8)A growing economy and falling handset prices make India one of the fastest growing smartphone markets in the world, and can be harness that to drive  social development in fields like education and health.

(9)Akamai Technology ranked India’s internet speed 115^th globally whereas India has little over 100million broadband subscriber to be overcome by adopting/digitizing india.

(10)At the event today, Cyrus Mistry said the Tata Group would hire 60,000 IT professionals this year, and Kumaramangalam Birla said his Aditya Birla Group will invest Rs. 44,500 crore ($7 billion) in the next five years in the infra and digital space.

TIPS & QUICK GUIDE FOR e-FILLING INCOME TAX

                      FEW TIPS FOR FILLING INCOME TAX

Tax filing will be done under Assessment Year 2015-16 0r is called as Financial Year 2014-15

CBDT vide order u/s 119 extended the due date for filling e-return for AY 2015-16 to July 31 to August 30 th of 2015 for certain classes of tax payers.

CBDT has notified ITR 1,ITR 2,ITR 2A, ITR 4S for AY 2015-16 and amended Rule 12.These forms will substitute earlier form ITR 1,ITR 2 & ITR 4S.This is as per notification 49/2015 dated 23/06/2015.

Software for e filing through Java and Excel are already available online after logging in through e-filing sites.

Advance tax

If the Income tax liability is more than Rs.10000/=it is liable for paying advance tax. Usually for individual salaried it is paid by the employer itself and hardly any liabilities remain but in any case its earnings increase under heading “Other incomes”;Advance Tax to be paid on regular interval at on or before 15 September(30%),15 th Dec(60%  of Tax liability) and 15th March(100%)

26AS form It is also popularly known as Tax credit. You can find all your tax deducted at source through various accounts/deposits/funds (if one get interest on regular basis)

A quick guide that will help you e-file your tax returns. Do keep in mind that the last date for filing your returns is August 30, 2015.

LIST OF THINGS YOU NEED WHILE e-filing your tax

A PC or a Laptop

Internet connection

PAN Card

Aadhar Card

Bank Statement

Copy of last year income tax return

Form 16 issued by your employer

e-File YOUR INCOME TAX RETURN:-

·    Log on to the Income tax website-www.incometaxindiaefiling.gov.in. Register yourself by clicking the icon on the right side of the page. If you need assistance call 1800-425-000-25.One must have a PAN CARD,Aadhar Card,email address and a Mobile Number to register with the Income tax site.

·    Download the Income Tax Return (ITR) form applicable to you. Enter your details by referring your documents i.e FORM 16 by employer.

    Form 16 is a certificate your employer gives you when the TDS deducted on your salary is certified. Form 16 has most of the information like PAN and TAN details of your employer, name and address of your employer and similar details for you are mentioned which have to be filled in the return. You will see a number which is your 'total taxable salary' and that is the number you will have to pick to submit under the head salary in your return.

Most of us earn a savings bank account interest or have some fixed deposits put away. This interest earned has to be added to your return under income from other sources.

    If you have any other bonds you subscribed to, where interest is accumulated, add this interest to your return. As a rule, interest income on deposits and bonds when it is accrued each year, rather than when it is paid on maturity.

If you have taken a home loan to own a house and you live in that house, you get a deduction for the interest for the financial year. The interest amount is your loss, which will get adjusted against your salary and other income.

    If you have rented out your house, the rental income is offered for tax. You can deduct property taxes paid by you and a standard 30 per cent from the net amount (rental income less property taxes) is also allowed. For a rented property the entire interest on home loan is deductible. You'll also need to provide details of the property, address, date of construction, information about co-owners etc.

Also ensure that you have included all your Deductions 80C to 80U and Medical insurance (80D to 80G).This will be deducted from your gross Income and you are liable to pay low taxes.

     Once you have filled in the details, you need to validate the data, without which you will not be able to move ahead.

·       After validation of the information in the Excel sheet save the file in XML format. Please ensure you save the file in the correct format. Upload the XML file on the website. Do remember to select the appropriate assessment year (2015-2016) and the applicable form.

Download your TDS i.e form 26AS from Income tax site against your PAN NO.All the interest earned during the financial year 2014-15 against your bank account is available here, and/or

Add up your interest earned from Bank’s saving account wef April 2014 to March 31,2015 in the column as “Other Interest”.

This can be got it from Banks Interest certificate.

For Self assessment tax which was not deducted before 31^st March 2015, an excess tax as calculated by the site on XML sheet is to be filed through e-pay Tax and will be automatically directed through the form itself. This will be only paid by card Debit card.

·       Next you will be directed the digital signature option. If you have a digital signature,you can add it here. Otherwise, you can proceed further where you will get an alert that the process is complete. You will receive the ITR verification Form (ITR-V) in your mailbox.

·       Take a print out of your ITR-V. If you don't have a digital signature sign the ITR-V with a blue ink pen and send it by post to the Income-Tax Department-CPC, Post Bag No-1, Electronic City Post Office, Bangalore - 560 100, Karnataka.

·         This has to be done within 120 days of filing your e-return.

INCOME TAX PAID BY INDIANS-AN OVERVIEW

               Income Taxes paid by Indians-Overview and Numbers

One would be surprised with some of the numbers. According to the report released by Indian Finance Ministry,  estimated number of taxpayers for previous financial year stands at just 3.24 Crore people. That means, less than 3 people in 100 pay taxes

Out of these 3.25 Crore people, 89% pay taxes in the tax slab of 0 – 5 Lakh rupees, while on the other end of spectrum, only 1.3% of all tax payers have income about 20 Lakh!

Slab                 No.of Tax payers        %age   Amount                       %age of tax

0-5 Lakh          288.4 Lakh people       89%     15,010 crores              10% of total revenue

5-10 lakh         17.88 Lakh people       6%       21,976 crores              15%------Do----

10-20lakh        13.88 Lakh Pople        5%       17,858 crores              12%------Do----

>20 Lakh         4.06 Lakh people         1.3%    93,229 crores              63%------Do----

The DATA ABOVE clearly shows the inequality in the earnings of Indian people – Imagine, in a country of 120+ crore people, only 4 lakh people earn above 20 lakh rupees a month.

Now, if you consider that many cheat when it comes to taxes, even then the numbers are so skewed that it is mind-boggling.

The biggest surprise,only 1.3% of all tax payers earn more than 20lakhs in india,they account for a whopping 63% of all tax collected by Indian Government.So 4.6 lakhs Indians pay a total of 93,229 cror rupees of tax.This comes to an average of roughly 23 lakh per person.