Financial accounting be mandatory for MPs, MLAs, MLCs, Corporators, Councilors etc

Financial accounting be mandatory for legislators. All major financial statements be made mandatory from all Members of Parliament, Members of State’s Assemblies (MLAs) and State’s Councils (MLCs), Corporators, Councilors and all elected/ nominated representatives in India. These statements be required un-audited quarterly every 3 month and audited annually.

Following financial statements be made mandatory from elected representatives in India:

1) Personal Balance Sheet
2) Family’s Balance Sheet
3) Personal Profit and Loss/ Income statement
4) Family’s Profit and Loss/ Income statement
5) Personal Cash flow statement
6) Family’s Cash flow statement

An elected or nominated representative before joining the office and assuming the role be required to inform about his direct family (Self, Parent, Spouse, Children, Sibling) who are living as one family and find a name in Ration card. This is really necessary because the politician in office may transfer his/ her illegal assets to account of family members and issue clean statements. Relatives no matter who they are if they live as separate family (different ration card with different family head) be made free from such legislation, else whole legislation appears absurd. It (leaving those who are a different family) may sound absurd at first but is very practical. Laws should be practical rather than everything dealt but remains impractical.

Corporations, business entities, trusts and NGOs are obliged by law to produce financial statements on regular basis to bring in transparency and minimize the misuse of money involved. Since such money is not personal property rather belongs to shareholders, partners, debtors, religious groups or general public in some or other sense.

Elected/ nominated representatives (MP, MLA, MLC etc) may and have been misusing public money illegally. Election commission requires asset’s declaration from them which is really shocking, 200 crore rupees, 150 crore rupees, 270 crore rupees, is this enough transperancy? In next term when they re-contest election their assets are merely double and triple in asset declaration, no one questions them, just to show the amount they legally own is that enough for us (Indians) to be satisfied, they don’t declare how they made it?

Most of politicians declare they came from farmer background, poor families in order to gather sympathy from voters, well and good but how come they acquired such gigantic amount of legal assets? They manipulate with hotels, factories ownership’s returns or donations etc, this is merely manipulation to cover scams. Politician’s financial growth with such backgrounds or with middle class background making such success when it comes to profit making through legal means of hotels, factories etc sounds absurd.

Thus, I demand legislation to make it abiding on all elected/ nominated representatives (MPs, MLAs, MLCs, Corporators, Councilors etc) throughout India to produce/ publish major financial statements (Balance Sheet, Profit and Loss/ Income Statement, Cash flow statement) both personal and family’s unaudited quarterly every 3 month and audited on annual basis to the house they represent or are nominated in, or and also publish in a newspaper or journal officially approved by Govt. of India for this very purpose and be available for sale at appropriate govt.’s outlet.

Such legislation will bridle scams, misuse and usurpation of public money by politicians. In near future if this legislation is made you won’t hear any politician with a legal asset of 200, 300, 350 crore rupees. Merely asset declaration before elections is not suited for current time also not good for bright future of India.

Summary

1) Three major financial statement (in total six) be made obligatory on all elected and nominated members in India, one personal and other politician’s family (sharing name in ration card living as one family)

2) Publish the statements in official govt.’s journal which be available for sale at appropriate Govt.’s outlet.

Why do we treat our modern cities as Harappan towns?

(Part 1: Animal and Manual labour)

Let’s take our thoughts 5000 years back, to Indus valley civilization. There’re no trucks and trailers around, all transportation of goods were done manually, either by animal back or animal carts and carriages. They were safest and fastest modes of transport in that era The Indus valley people were talented enough to uses the fastest or most appropriate modes of transport of their era. Now, let’s take our thought to modern Indian metropolises Delhi, Bombay (Mumbai), Calcutta (Kolkata), Madras (Chennai), Bangalore (Begaluru), Hyderabad etc. It’s been 5000 years when Indus valley civilization flourished, now our metropolises are flourishing but we are still adamant to use all out dated modes of transportation in our modern cities. What was to be the difference had we lived 5000 years ago? We could have said we use latest modes of transport in our town, but can we say this now?

We are a computer literate society now, India exports a huge amount of software, of course we must have been taking enough care about latest versions, but our thoughts go in vain when we step out from our offices and use the 5000 years old version of transports where a man pulls a cart or when we load our goods on hand carts. Man carts, cycle rickshaws, bullock carts, tonga (horse cart), camel carts, hand carts used in our various metropolises give a tag of shamelessness, cruelty and insensitivity. Problems which rise from such outdated transportation is traffic jams on roads. Imagine you’re driving a car which can attain 100 km/hr in few seconds but you’re forced to ‘stop go stop’ on road just because there’s one bullock cart ahead of you. It not very uncommon to see a whole road blockage and a huge traffic jam just because there’s one bullock cart or a hand cart ahead of traffic. Bullock carts which carry ice on streets of Bombay look really pathetic. Same is the case for cycle rickshaw in Delhi.

I feel there must be a complete ban on human or animal pulling a vehicle which either carries load or other people. Issue of cheap transport is not appealing when we talk about humanity, dignity and animal cruelty on other stage. It’s really pathetic to see a man pulling a cart soaked in sweat, or a bullock pulling a cart when its legs are seen shivering, really disgusting! If we put ban on such transport a demand would be created for transport which would eventually be supplied in due course of time by other appropriate transport, it’s all demand and supply issue, so no need to worry about who will carry out such loading unloading then? Shame on Indian Oil ltd, it’s a public sector company and it delivers kerosene on bullock cart and how proudly it displays its name on the cart.

Of course, bicycles are another issue altogether if they are used for personal to and fro there is no problem but if they are used to transport heavy loads legislation be issued on such loadings. Cycles only for personal use be allowed and not as a mode of loading and unloading. Similarly, vintage ride of horse and camel carriage are a different issue, they be allowed within particular range where motive is recreation that too with proper legislation. Like medical check for animals, four wheels so it doesn’t put weight on animal’s neck and minimum number of people to be pulled.

At last a three month period be allotted for a complete removal of such pathetic and outdated vehicles and transport from our modern cities. I don’t like to see Indian metropolises be comparable to towns which existed 5000 years ago, do you like it?

Shaikh Mazher

Govt. employees, public servants (Babu) and waist size

Administrative machinery of India rest on government employees, public servants of all cadres, they are the one who are responsible for smooth functioning of government on all levels, from rural, municipal, and state up to central servants. Lethargy of Indian public servants and government officials (Babu, as they are better known by) is famous and we all know this national fact. Although bribery is one famous attribute associated with them, but worst is their slow and lethargic work output.

They are the one who are foremost in seeking benefits, allowances, promotions and increment. At all time some section/ union of babu are agitating for some or other facility or increment, this pay commission that pay commission. All these are born by tax payers; do we get in return what we pay in terms of services? A bigger question than it appears. From road sweeper to IAS officer, almost all are slowest sloths. I feel biggest reason is their big pot bellies. Can any sensible Indian imagine a babu without the symbolic pot belly? Such babu bellies first make them lethargic and later make them prone to diabetes, high cholesterol, heart problems, making public services slower, public services output becomes lower, in reality making India slower. I feel they must be asked to maintain their belly size within limit (40 inch for males and 36 inch for females) else they be suspended till they bring the size under control if not at least their pay be correspondingly decremented.­­ Still better would be stepped sizes be allotted.

At appointment they be not critically undersized waist in correspondence with their height, 40 inches be allowed only to those with 3 year left to retire, slots be divided into 1 year, 3 years, 6 years left to retirement and thus 6 year left to retirement be never allowed to have 36 plus waist, while 3 years be allowed to have below 40 waist. No actions be taken with those left with 1 year for retirement for the year policy is adopted. Initially, they be given a 1 year period to get waist under control but 50% of improvement be required at 6 month if not action be taken either suspension or pay decrement be started.  Of course, they be asked not to take the wrong way to get fit like unneeded surgery or harmful shortcuts. Be medically guided by official health guidelines.  Right control on diet and appropriate exercises be propagated.

Fast and healthy public servants, free from ailment could result in low medical absence, faster public services and a healthy public office. On national level our diabetic and heart related ailment’s load on government would come down, giving further relief on government exchequer and thereby relief to tax payer, after all why should we pay for health of babu when they themselves earn maximum. Imagine, a healthier babu, fast and efficient public services and thereby a better India!

Gold be commodity rather an investment, to control inflation

Indian rupee is neither on any of gold standard nor pegged to any currency. It’s traded in open market following demand and supply pricing. On national level gold is an investment and control on inflation has loosened, creating financial and psychological crisis.

To bridle inflation we must fix the upper limit price of gold making it a commodity rather than investment. Putting an MRP (maximum retail price) for gold would be beneficial in controlling inflation.

It would really be a stupidity to put an MRP on current time frame, this would create havoc which would be uncontrollable and would be more devastating than being beneficial.

So, what we can do is fix the MRP for the fourth or fifth year from now, applicable from fourth or fifth year. This postponement would act as shock absorber for current financial havoc. Thereby reviving the MRP of gold after every third year but the MRP tag revived would always be applicable from third year from revived date.

Thus, gold be sold only at MRP rather than fluctuating ever incrementing rates.

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