Lok Sabha passes Interim Budget

Union Finance Minister Piyush Goyal said on Monday that the Interim Budget for 2019-20 is aimed at overall development of the country so that each citizen can benefit.

Replying to a general discussion in the Lok Sabha, which passed the Interim Budget amid uproar and walk-out by Left and Congress, Goyal said: “The Budget provides for a substantial benefit to small and marginal farmers.”

“Under the Pradhan Mantri Kisan Samman Nidhi Yojana, 12 crore farmers with less than two hectares of land holding will get Rs 6,000 per year. The amount in three installments will go directly into their bank accounts,” he said amidst continuous slogan shouting by some opposition members.

Goyal said the scheme will be effective from December 1, 2018, and cost Rs 75,000 crore.

On the other hand, he said, the United Progressive Alliance government had waived off Rs 52,000 crore for farmers in a span of 10 years.

“The Congress-led UPA committed a breach of trust with the people of India. They did nothing for the poor,” said Goyal, adding that there is no accounting jugglery in the Budget for 2019-20 under the leadership of Prime Minister Narendra Modi.

The overall expenditures in the Budget are at Rs 27.84 lakh crore, 13 per cent larger than the last years figure.

The expenditure for defence has been increased to Rs 3.05 lakh crore from Rs 2.85 lakh crore in 2018-19.Individual taxpayers having taxable annual income up to Rs 5 lakh will get full tax rebate.

All the applicable income tax rates have also kept unchanged.

Further, individuals having an annual income of Rs 6.5 lakh can also save income taxes, provided they invest a sum of up to Rs 1.5 lakh in prescribed savings schemes under Section 80C of the Income Tax Act such as Public Provident Fund (PPF), Equity-Linked Savings Scheme (ELSS), National Saving Certificates (NSC), insurance schemes, and so on.

An individual is also eligible to claim income tax deductions from of up to Rs 2 lakh on interest home loans, education loans, National Pension Scheme (NPS) contributions, medical insurance, medical expenditure on senior citizens.

Goyal also provided to increase the standard deduction by Rs 10,000 to Rs 50,000 from the present Rs 40,000.

Therefore, going forward, all the salaried persons can claim a standard deduction of Rs 50,000 on their respective taxable income.  — ANI

No-deal Brexit ‘could cost 600,000 jobs worldwide’, says study

A British departure from the European Union without a deal could put 600,000 jobs around the world at risk, with Germany the hardest hit, a study published on Monday found.

Researchers at the IWH institute in Halle, eastern Germany, examined what would happen if UK imports from the remaining EU fell 25 per cent after Brexit.

They reckoned that some 103,000 jobs would be under threat in Europe’s largest economy Germany and 50,000 in France.

Being affected by Brexit would not necessarily mean workers were laid off, the economists noted.

“Given the lack of skilled labour in many advanced economies, firms could also try to keep staff on by cutting hours or opening new markets,” they said.

It is so far uncertain whether Britain will strike a deal with the EU before its legally-binding exit date of March 29, after a huge majority of lawmakers last month voted down Prime Minister Theresa May’s painstakingly-negotiated accord with Brussels.

A “hard” departure without a deal would see tariffs imposed at the border, “tangling up global supply chains,” study co-author Oliver Holtemoeller said in a statement.

The economists focused only on trade in goods and services, leaving out other possible economic impacts of Brexit like changes to investment flows.

UK Police Check EU Criminal Database 539 Million Times a Year

“We are planning for the worst case scenario. If we leave the EU without a deal we have to fall back on contingency plans. We currently make 539 million checks a year on SIS,” Mr. Martin told reporters.

If an individual is arrested or their name comes up during a police investigation in the UK an officer will check the Police National Computer, which will automatically make a search of SIS if they are an EU national.

Currently 17 percent of people who end up in custody suites in the UK are foreign nationals, a rate that goes up to 27 percent in London.

Mr. Martin said at present it usually takes at most six days to find out if an EU national has a criminal record in their home country or on the continent but if there is a no-deal Brexit nations like France, Spain and Germany would become “Group Two” countries and he estimated it could take up to 66 days to get the desired information from their police databases.

He said if it took 66 days to find out from the Polish authorities — in the absence of SIS — if an arrested person was wanted for murder in Poland, there was a “very high possibility” they would abscond or be wrongly given bail.

Under UK law it is only possible to detain someone for 24 hours without charge, unless they are arrested for a terrorist offence in which case it is 14 days.

He said it was estimated the extra paperwork for police would cost £20 million a year and would take officers off the beat for thousands of hours.

Mr. Martin said the EU Arrest Warrant would also no longer work in the event of a no-deal Brexit.

PIL- Ballot Polling – Rs.10 Cr Fake Votes - Clean Elections  

February11, 2019 (C) Ravinder Singh progressindia2015@gmail.com

World’s largest democracy is entitled to ‘Accurate Registration of VOTERS’ but in last elections 8-10 Crore More Voters Were Registered than Eligible Population of India.

Multi-Phase EVM Polling facilitated BOGUS VOTING – Same DayBallot Polling across India shall be INEXPENSIVE, AVOID BOGUS Voting, result available within 10-12 hours – save Directly Indirectly Rs.10,00,000 Cr.

Secured Ballots can be printed at Currency Printing Machines and Names of Candidates as Per Final List at each constituency PRINTED on other side. Or Leave Back Side Blank for VOTERS to Write SERIAL NUMBER of Preferred Candidate.

In democracy EVEN ONE VOTE could Bring Down a PM & HIS Cabinet, India Polled 10 Cr FRAUD Votes in 2014 Led to INC Losing over 161 Seats than 2009 – BSP total rout.

Party	2014	2009	Gain in 2014	Percent
BJP	171660230	78435381	93,224,849	119%
Congress	106935942	119111019	(-)12,175,077	(-) 10%
BSP	22,946,346	25,728,920	(-)2,782,574	(-) 10.8%

https://eci.gov.in/statistical-report/statistical-reports/

Year	Electors	5 Year Growth	Valid Votes	5 Year Growth
1989	498906129		309050495
1999	619536847	----	364437294	----
2004	671487930	51,951,083	389948330	25,511,036
2009	716985101	45,497,171	417159281	18,210,951
2014	834082814	117,097,713	547800004	130,640,723

India has 10 Cr More Voters Than Eligible.

As per 2011 Census – India’s resident population was 121 Cr Indians and in this 49.3 Cr Indians were less than 19 years of age –

-- since Voters Are Not Registered Immediately after acquiring Voting Age – There ought to have been 71 Cr approximate number of Votersin 2011 –

-- around 74 Cr Voters in 2013 end or Jan01, 2014, but

Election Commission had 83.4 Cr Voters on Voters List

--- nearly 10 Cr more than the eligible voters.

   

https://en.wikipedia.org/wiki/Demographics_of_India

Structure of the population by Age Group (Census 2011)

Age group	Male	Female	Total	Percentage (%)
0–4	58,632,074	54,174,704	112,806,778	9.32
5–9	66,300,466	60,627,660	126,928,126	10.48
10–14	69,418,835	63,290,377	132,709,212	10.96
15–19	63,982,396	56,544,053	120,526,449	9.95

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