User:Y narayanamurthy

NOVEL SCHEME A ALTERNATIVE T0 u.s economic stimulus act 2008. CREATING SOCIAL RESPONSIBILITY, self financing schemes , providing every thing on credit subject to payment at a latter date when the project starts is profitable PARTICIPATION by one and all IN NATIONAL GROUTH & ERADICATION OF POVERTY MOBILISING EXISTING AVAILABLE RESOURCES FOR A COMMON CAUSE NO ONE IS A LOOSER.. EVERY ONE IS A WINNER

Notice ISSUE to all:- waste of money & time a futile exercise giving no effective results. Intended purpose will not be served to boost the economy.no contol on the utalisation of funds.not a focused scheme.

Advised to amend the scheme to give the desired results and make it more effective, efficient and economical to serve the desired targeted goal &purpose.

Let the scheme be designed and developed to serve

Creation of employment

Development of tangible assets to produce goods & services. Locally, national   internationally

Create an awareness that something is to be done by one and all to fight out the recession for economic grouth.

solutions sugested:-

1)       Provide interest free /low rate  loans for creating tangible assets & services Eligibility for the said benefit provided  the borrower repays the principal of the loan interest to the extent of 25% of the availed amount, then  10% of the amount paid is waived by govt. contribution to the funds provider. EACH TIME HE PAYS 25% OF THE AMOUNT HE GETS CORRESONDING 10% SET OFF BENEFIT FROM THE PERSON FROM WHOM HE GOT THE FUNDS.

2) Existing business corporations to sponsar to fund and finance the acquisation of tangible asset, to be given on lease basis to the poor and needy for starting a living for themselves and producing goods &services.

Sponsoring company’s will be eligible for depreciation claim on the assets provided reducing  income tax liability. Amount spent is recouped with no financial loss to the giver, but at the same time encouraging his business growth or making one and all know that they are discharging their social responsibility to the society

No consumption item should be entertained but only tangible durable good or services

Items recommended are the creation of necescities, comforts and luxuries required for living

Operation and execution of the propasal is monitored ,checked and controlled by a service agents appointed by the sponsors .The agents will be supervising 100 to 150 units These agents will be paid by each beneficiaries at the rate of $20 p.m. As such no expenditure on agents salary self financincing. Monthly reports of the functioning will be submitted by the agent  to the controlling authorityt to safe guard the working of the scheme.

Since everything is provided free of cost with a condition precedent that all material that is provided, every thing received is to be paid off over a period of time to become 100% owner.

3)PUBLIC PARTICIPATION:-

Every individual ,business undertaking small or big is under a duty, obligation to serve the society and share the social responsibility to the society and the nation by contributing 2%/ or 1% of their sales /service turnover every year either in cash or kind which ever is beneficial to them. The amount so contributed will allowed as a write off as a expence in their income tax return. as such they are not the loosers otherwise the amount so contributed will be repaid to them back after 3 or 5 years which amount will be subject to income tax when received

The amounts so contributed will have to be delivered by the persons to the police/educational institution or other notified centers in every city. for onward pick up and delivery. These material will be given to the poor and needy , enterprising persons to set up their own units for their livlihood & maintance.

Every thing is available and can be provided to any person to make a career for living. CHANNELISING THE EXISTING AVAILABLE RESOURCES TO A BETTER & BENIFICIAL USE WITHOUT CASTING ANY BURDEN ON THE GOVT., BUSINESS ENTRERPRISE.& ENTRPRUNER, CITIZENS. NO TAX LEVY, NO CASH INVOLVEMENT, OPPURTUNITY TO ONE AND ALL TO PARTICIPATE FOR MAKING A LIVING. THE SHEME CAN BE DEPLOYED IN EVERY ECONOMIC ACTIVITY.( MANUFACTURING ,SERVICE SECTORS, TRADING DEVELOPMENT OF ART CULTURE SCIENCEETC, ETC)

WHY NOT WE UNDERSTAND THE CONCEPT,WHICH IS COMPREHENSIVE IN CHARACTER ,ECONOMICALLY VIABLE, CREATING SOCIAL AWARENESS &RESPONSIBILITY MAKING ONE AND ALL UNDERSTAND HIS PERSONNAL ROLE &RESPONSIBILITY AND INVOVEMENT AND NOT LEAVE EVERY THING TO BE TAKEN CARE BY THE STATE

Prepared by:- Y.NARAYANAMURTHY B.COM(HONS),LL.B,FCA,DISA. CHARTERED ACCOUNTANT trustynm@yahoo co .in reliefynm@yahoo.co.in