Transforming fiscal India: Transforming the thought process: Changes in the spree. INDIA INC. MOVES.

Transforming fiscal India: Transforming the thought process: Changes in the spree. INDIA INC. MOVES.

Accustomed to the virtual business attitude, the transformations are quite visible.

We are a group of class mates of our group. We love. Because we differ. We differ because we reason. We reason because we have reasons for the same. But this makes a lot f thought process work.

Questions emerge!

1.    Is it making of India, or is India INC changing? 70 years, after , yes , it is. The change looks evident.

2.    Where is the change? What is the impact of note bandi? A very large impact. Not visible now but looks very much visible. The currency which was not in circulation are in banks. The flow of money has taken the banking routes. It is not Sherlock Holms game. The money that was ideal is into circulation. There are three majors in consumption. ROTI, KAPDA, AUR MAKAN. Foodgrains, cloths and the house property. All these segments contained just black transactions. How many of us get bills for the household grocery, or the clothing , Hose property consumed the maximum of black Money. With the note bandi, Housing segment has rationized. Rates gone down by more than 30 percent.  The reduction of tainted money has put a big brake. May be the lower level bribery is still rampant but the Higher Segment looks controlled now. Lesser bribery in the Higher segment. No Scams till now. Then why the bribery at lower level uncontrolled?

3.    The other two segment, and many others, are still into the business, where the transactions were on kutcha bills. GST, is yet another step to regulate that. Why the bribes are paid? Because somewhere we are also at fault. Perhaps, it is the way of life. Now this has happened that we want to go on continuing doing wrongs and not get penalized without paying bribes. White collared crimes are rampant. GST has a regulation. It controls. It changes the business. It shall change the business style. Rethinking. No deferring. If this is regulated, then will the life be not peaceful? A thought.  It brings a total correction.

4.    The government has no time now to waste. Make in India concept. Global Investors needs collaboration. For this the accepted global standards have to be adopted. It shall bring transparency. With the transparency, manipulation reduces. It changes the way of life which shall be less tensed. Changes are never welcomed. It is always forced. Just a thought. For this the accounting year should end on 31st Dec, instead of 31st March. This thought has marched ahead. Any time announcements awaited. Adaption needed.

5.    With the development of global mind, will there be change in ideology. Yes. Youngsters today believe in that. It will be more mingling and less cheating. Simplicity in life continues. Step by step marching forward.

6.    National Stock Exchange promoting the listing of Private companies. Chance for the professionalism even at the smaller segment. Dedication and sincerity in corporate manner where change of jobs would be treated as individualism. Is it not a forward move.

7.    All has to be fast. Why? If the GST would have deferred, then it would have been differed till the next financial year. After two months the unending festive season would start. Then after DEcemebr, it would be only March. So the change was inevitable.

8.    Political compulsion too. This government has to show results now. If not know, the results would not be visible by 2019. So the process starts. Is it against the interest of India? Just a thought. Had this change started in 2018, then results would not be seen.

Criticisms to this thought shall be appreciated.