The series of lockdown has come to an end finally.. Day-by-day the number of cases are increasing rapidly..The monsoon is very near..Soon we may create new records by the month-end..The government had lifted the lockdown eventually.. The reason behind lifting up before the situation comes under control is to "Stabilize the Indian Economy."
U.S.A has created 2.5 million jobs only in the month of MAY.. But, the people in India still holds the heart very tight, when we hear the word job security..Many of the government employees received their half salaries in this pandemic..Some of the private companies innovatively removed the high salaried employees from their jobs and some of them had removed the unnecessary ones.. But how this USA able to create new jobs instead of cutting the salaries.?!
The secret here lies in their economy & the way of implementing it..Undoubtedly, India too has the best economic policies, but we fail in implementing them..In the states like USA, whenever a person wanted to run a business (or) to be appointed in a job even as a cleaner, they need to apply for SSN(Social Security Number) and link it to their bank accounts.. The tax will be automatically deducted by the government according to the respective slabs they belong to..So the people able to use only the money which is left over..There is no exemption for any citizen even for the unskilled labor too..
But the scenario here is entirely different. The street vendors like samosa, panipuri vendors earn more money than an average middle-class citizen..The sad truth behind this they do not need to pay any tax, they do not need to pay any rent, and they are eligible for all the government welfare schemes.. If a citizen in India is earning above 2.5lakh & more in an year.. They are the taxpayers, they are responsible for their EMI's and he/she is not eligible for any government welfare schemes..Some times, I feel to live in a middle-class family in India is like living in a danger zone.. Everything runs by them yet no one is ready to help..
The genuine tax Payers in India will be only 20%..The rest 80% escape intelligently.. Of course, it is an intelligent move according to them till income tax approaches them.. If all these 80% too paid their taxes according to their slabs, leave about the job creation now at least we would be in a position to run your country even in crisis..We do not face any such type of salary cuts too.. All this money can be used for the welfare schemes and they can reach every individual who is in need..I hope the rules should be revised in our country too and these rules should attract every escapist to pay their taxes so that one day India might be a developed one and our economy be stabilized.. ---- By Mounika Perumalla
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