Bharat Rakshak

geeth

So the gist of your argument is that 'informal economy' is basically composed solely of entities with <10 employees ? :) And that everyone else DOES register and report everything ? Ok :-) And to ask again - what fraction of such entities diligently report the moment they hire employee #10 ? Now yo...

geeth

And they *are* breaking the law when they don't register and report. It's just that GoI doesn't care about small kiranas breaking the law much, because they visibly don't transact enough business and aren't worth the trouble. It's the same concept as people speeding. Pretty much everyone does, but ...

geeth

The list is long. These are some of the examples. No no... I *knew* you would get down this tangent, so let me remind you, we are talking of informal businesses that *despite* reporting requirements, do not do so. What you are quoting are formal business rules. Any small business that is registered...

geeth

since when did evading taxes became a birthright? a shopowner's/businessman's argument of "govt not delivering services blah blah, I have to grease palms blah blah, therefore I have to evade taxes" cannot be an excuse. after all, the salaried class also suffers the same govt and still pay...

geeth

That doesn't mean they are necessarily breaking the law. You can't avoid paying taxes and not break the law. You can't even 'pay some taxes' or 'follow some labour laws'. Either the business owner follows them or he doesn't. And when he doesn't, he's breaking the law. Every business owner trots out...

geeth

My interest and subsequent posts was due to the assertion that everyone in the informal sector is a defaulter and fraudsters. Is that assertion based on some data? When you're running a business informally, you're by definition not paying taxes, following workforce law, retrenchment laws, contribut...

geeth

Bulk in terms of both numbers and volume. I dont have any data because it is not possible to get data on illegal activities. Fair enough, then let's agree to disagree at this point, because without additional data to support an assertion, it's not a good argument for this thread. This thread mainta...

geeth

I disagree that those with cash at manageable levels are small fry. Individually yes, but collectively they were the bulk defaulters. Bulk in terms of number of people (which sounds fine) or value of cash (which doesn't) ? Do you have data for this ? Tax rates are arbitrary- often revised to cater ...

geeth

I disagree that those with cash at manageable levels are small fry. Individually yes, but collectively they were the bulk defaulters. Personally I feel GoI should have closed the loopholes in the PAN card. There were too many of them floating and was too easy to get one,without any verification. The...

geeth

[IMO, GoI doesn't literally have to chase down every tax evader. They can just act asymmetrically as they did with demonetization. I would strengthen worker severance laws and give workers the right to easily sue for lack of minimum wage, severance or other benefits. Such a law, if demonstrated to ...

geeth

[quote][So don't look for sympathy when the decision turns out a bad one.quote] Do you mean those who indulge in tax evasion dont know the risks? Ofcourse they do. And they are confident they can get away with it. How many of the Jewelry shops pay the taxes? How they are able to do it? Things will r...

geeth

[quote][Every last business owner in the 'informal economy' as you call it, is a tax evader. They also ignore all worker benefit laws. No formal salary and overtime contract. No pension plan contributions. No formal severance. No DA/HRA etc. All of this by choice . quote] That is a generalised state...

geeth

My understanding about ski ramp is that the aircraft leaving the flight deck quickly gains altitude by converting part of the kinetic energy to petential energy. This is very helpful at the crucial point when the craft leaves the deck, because: 1) in a normal flight deck, the height of flight deck i...

geeth

Sputnik says many could have fallen into sea due to bad motors and expiry date etc. Syrians have not claimed any wrecks on land and neithet had Russia I dont think it is safe to keep an expired missile onboard a ship or vehicle. What if the chemical fuel/warhead explodes in the silo before/after fi...

geeth

I would like to know if anyone has come across any specific information related to these questions and preferably not general engineering books/college gyan handed down sneeringly by people with good teeth to non engineers. That is what I was also trying to say. The wing is not a rigid structure. I...

geeth

Guys, Some really new gyan I am learning from this thread... Because, all this while I was thinking that it is the structural strength of the wing that determines the weight that can be slung at the tip according to flight conditions and not the otherway round! At the most the designers would check ...

geeth

The reason for my confusion is because of the clause that :

SGST refund can be set against SGST and CGST refund against CGST ;
Either SGST or CGST refund can be set against IGST payment.

geeth

Well, I am not arguing who will control small businesses with a turnover of less than 1.5 crores, but tax rate to be paid under GST. As is well known, there are are two components to GST - SGST and CGST. My understanding is that the rate fixed is combination of both SGST and CGST together in equal p...

geeth

Over the past few months, one of the tax implication due to GST that I have observed is this: In the present tax system, a manufacturer who has a turnover more than 1.5 crore per annum pays 12.5 % excise duty to Central Govt. During the initial stages of discussion of GST, it was understood that til...

geeth

Per latest claims citing FM, 10.38 lac Karod has not returned meaning BM destroyed. If so, that is a huge chunk of the total deMO, hain? No credible link to post, came in email, sorry. No, that is not the case. The FM in his budget speech had mentioned that there were about 1.09 crore accounts whic...

geeth

^^ Aadhar is made mandatory in order to enroll for JEE main from this year onwards.

geeth

Rakesh wrote:geeth: nice to see you are still on BRF.

Thanks for remembering....mostly in "read-only" mode now a days.. I used to post only occasionally before also.

I remember you as a youngster in the twenties..and very agressive.

geeth

Ramana : The metal gets oxidised and the the flow field around the hypersonic vehile is essentially plasma. How much a radar wave can penetrate and reflect back is not known to me...ofcourse it will leave a big trail of fire The nose cone itself is deliberately made blunt to detach the shock from th...

geeth

Research Highlights A new method to reduce drag of high speed space vehicles - Prof. K.P.J. Reddy, Aerospace Engineering A new innovative technology for increasing the range of high speed missiles such as recently launched Agni by reducing the drag encountered during its flight has been develo...

geeth

Suppose, I get paid in cash and make just enough in the year so that I don't breach the tax free threshold do I have BM even though it's all cash if I A. don't file my tax return and so my income is undeclared and below the ITO radar B. file my tax return and no tax is payable ? A is black (or &quo...

geeth

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geeth

Its funny how people are saying how hard it is to run a business, pay salaries and be profitable but in the same breath argue they should be allow to keep black money. Isn't this an oxymoron? If it was so hard to a make a profit, then there is no scope for black money. If you are generating black m...

geeth

Guys pls understand that what is being talked about is the deductions allowed for businesses as per law..not any illegal activities. Whether to buy an expensive car or additional machinery to boost production is the prerogative of the businessman. All his expenses and deductions etc are vetted/audit...

geeth

They were carrying Indian IPKF troops to S.Lanka

geeth

The blame squarely lies with GOI which neither had a vision nor will to fund such programs. Even today RnD funding is peanuts. THAT in jist is the reason for majority of problems caaried on from Nehru era. Mo institutional build up, allocating funds for sustaining what is already built on, setting ...

geeth

There was a tender for engines and GE won it for supply of 414s. There was inordinate delay in signing the contract. Has the contract been signed? What is the contingency plan if GE doesn't supply engines for LCA beyond the 100 already supplied ? Or more engines are already supplied? I feel the whol...

geeth

What I feel when I read in between the lines is this: 1. India has procured only about a 100 engines of F404. Has the tender for F414 concluded even after so many years? Not to my knowledge. Why? 2. India cannot thow out GE and fit another engine. So the LCA programme including 1A, MK2, NLCA, and al...

geeth

Posting as recd from whatsapp grp. Hope not a repeat.. Fwd as recd.... My family member at MI says more were killed than 38 (these were the ones they could count, there were many who were shredded to bits due to use of weapons like RPO flame throwers, Carl Gustafs etc. He says these guys were the st...

geeth

[quote]So why did they choose to lug 60 tons of dead weight for 20 seconds ?/quote] Because it gives about 6% more efficiency to the vikas engines used in MKIII. In addition, the solid rocket nozzle is optimised to perform at lower altitudes. There are other factors also like stability of the vehicl...

geeth

Amoghvarsha wrote:what are the chances of a Chinese interference if India retaliates?

Zilch. Because Tibetans are likely to declare independence along with Baluchis...afterall they are in the same boat.

geeth

CPEC doesnt make any economic sense at all due to the cost of transportation by road. In addition , vagaries of nature looting by mullas, distance of manufacturing hubs etc makes it very risky. I feel it doesnt make sense even militarily..airlifting or by sea would be far better option. I think paki...

geeth

Indeed..the improvement in payload capacity will not be much and definitely not double. Weight reduction in 2nd/third stage would have a far better effect on payload enhancement.

geeth

They 'waste' another tonne of propellent by starting the liquid strap ons 4.8 seconds before liftoff

geeth

I am looking at the "suboptimal nonsense" of first stage like this: Instead of arguing that the four strap ons are carring the dead weight of the core for few more deconds, I feel the rocket is not allowed to accelerate beyond certain limits. This could be to limit the aerodynamic force or...

geeth

SpaceX’s reusable Falcon 9: What are the real cost savings for customers? Stage after landing KOUROU, French Guiana — Now that SpaceX appears on the verge of being the first to reuse rocket hardware since NASA with the U.S. space shuttle, investors and competitors are sharpening their pencils to ass...

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