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15 Top Reasons To Set Up Business in India

Doing or running a successful profitable business is always a tough job anywhere in the world. It requires extreme business acumen, skill, knowledge and it needs to comply with various rules & regulations that often contradict with “business interests”. Thankfully there is only one such country in the world, INDIA, where different sets of skills and knowledge is required to run a profitable business.

1.      No Infrastructure Cost: Business skills or knowledge is never important. Good political connection is the only pre-condition.

2.      Guaranteed Return on Capital: Setting up a political connection is very easy. One needs to spend a little, but the value-for- money spent on setting up the political connection is GUARANTEED.

Chief Minister of Indian state with Indian currency garland at public.No case against her for disrespect of National currency and her huge disproportionate wealth

3.      Abundance of Resources: The only country where one can buy anything, literally. Patriotism, pride, freedom, loyalty everything has a sale price and ready seller.

4.      Widely Accepted Values: The most satisfactory relief is NO OFFENDER IS EVER GET PUNISHED.  Adulteration, cheating, corruption, bribery, homicide, misrepresentation, theft, encroachment and all such things are widely acceptable legally and socially. Neither Govt. of India nor society of India ever understands why rest of the world is concerned about those things!

5.      Huge Potential In Service Sector: India has always been a country where Value-Added-Service (VAS) is prevailed. Hospital, Police Station, Municipal Corporation, Government enterprises wherever you need a service you need to pay a value. So a huge GDP growth is registered through the service sector.

Indian railway Minister, Mamata Banerjee with Maoist terrorist Chatradhar Mahato

6.      Simple and User Friendly Laws: Indian laws are made to make people aware that, what one must not follow to avoid punishment. Caution: Abiding law may attract penalty, punishment and endless harassments.

7.      No Commitment Required: If one care for an accountability then India is never the right place to set up a business. Indian law makers, social media carefully avoids accountability. So following-what- you-preach is never a burden in India.

8.      No Legal Expenses: Getting justice has always been costly and time consuming affair in India (More than hundred years ago a writer and judge of British ruled Indian judicial service said, “Laws are only Jokes in India. Only rich and affluent can afford that joke.” Independent Indian Government strictly follows that British legacy.). Riches don’t need to go court poor can’t afford to go to court. So legal expenses are nil to run a business in India.

9.      Smooth Transition Inside Country: Green bucks printed and published by Reserve Bank of India is the only union bondage, No other thing binds India together. So no business house need not to worry about nationwide wrath/rejection. No such nation is there in India.

10.  Fail Proof Marketing Mechanism: Every banned drug in the world finds a safe home in India. So, never worry about wastage of raw material or labour expenses incurred to make that forbidden product. Pay a little amount to Indian minister and he/she will pay you back by assisting to sell that to Indian public.

11.  Huge Ready Market: Barring a few states, almost all Indian States have more people than any five European countries combined together. So a ready market is always available in any Indian State.

12.  No Expenses On Social Securities: Indian Governments enthusiastically assist business houses and therefore, neither it spends for social securities to its citizens nor imposes any such condition to commercial establishments. So no worries on cost escalation.

13.  Humble people: Although India has 120 billion+ population but Indian Govt. thinks, makes, amends benefits for about 100 million odd people. Their growth is India’s growth, their worries is India’s worries, their joy is India’s pride….rest are given single day democracy - voting rights. Benefitted Indians seldom exercise their franchise, those who exercise their franchise seldom gets any real benefit.

14.  Cheapest Labour & Consistent Government Policy:A pizza is price anywhere between INR Rs.200-Rs450 but a daily labourer gets Rs.80-Rs120 per day. All the amnesty (!) schemes are announced and debated in the Indian Parliament to be hushed up by the related minister and his blessed persons. If revealed, the concerned minister/politician/offender get very honourable exit route by Govt. of India/State Govt. by putting the matter sub-judice /investigating commission and again another amnesty scheme is announced with same fate.

Indian Prime Mister looks happy with his Corrupt colleague A Raja

15.  A Unique Democracy: Indian politicians and Ministers are awfully rich and they have never loss of appetite for money. They enjoy so many benefits and so much powers any Roman Emperor/Russian Czar/ medieval feudal Lord could ever dreamt of. Indian democracy is of the fewer people by the fewest people for rest of the people. Managing Indian politicians or Ministers is the easiest job of the world. A Swiss Bank account, few foreign trips could earn anyone an entire iron ore mine for just one Rupee for 99 years! So no recurring expenses year after year.

Related Story : The Most Corrupt Nation of the World

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Indian democracy is a FARCE!

So called ‘the largest democracy in the world’, INDIA- is nothing but a farce. Eyewash that Indian politicians follows and practices religiously so the greater world or civilised society outside India could hardly believe that DEMOCRACY NEVER EXISTS IN INDIA.

What’s wrong? Why it never exists but only seems ‘INDIA is a democratic country’?

The holy word about democracy is always been “it is by the people, for the people, of the people”. No way Indian democracy is by the people, for the people, of the people.

Why it is not by the people? Or, Why majority’s views/opinion never reflects?

India follows such a democratic pattern where majority’s view never reflects. Following an example to understand this pattern and it happens by letter and spirit.

Suppose in a constituency there are 15 voters. Vote seeker/candidates are 5 e.g. A B C D E.

Now A secures 5 votes, B secures 4 votes, C secures 3 votes, D secures 2 votes, and D secures 1 vote. In Indian system A got ‘elected’ although he secures only 1/3rd mandate or, in other words 66.66% or whooping majority opinion against his/her election! No way has majority opinion reflected!

INDIAN POLITICIANS NEVER TRY TO CORRECT THIS PATTERN WHERE TRUE MAJORITY OPINION REFLECTS AND REAL DEMOCRACY EXISTS!

Besides, false electoral roll, terrorise/threat people for not to exercise their franchise are some of the ‘democratic practices’ Indian politicians always adopt!

Why it is not for the people? Or, Why people’s concern/opinion never bothers ruling politicians?

Value added services may be a new phenomenon to corporate world but Indian democracy better to say Indian politicians practices this since independence. Anything and I repeat a-n-y-t-h-i-n-g you could get done in India by paying to ruling politicians! (One wonders why China trying to be bullish with India when they can done it easily and silently by paying few million dollars in Indian politicians Swiss bank accounts!) Bribery (or, VALUE ADDED SERVICES!) is the most cash generating ‘businesses’ in India.

Corruption is so vivid and widespread that ’becoming a politician’ is the most sought after career choice for the cunning people in India. Each national and state level politician has either Swiss Bank account or pseudo named account in Indian banks where billions of Rupees black money deposited. No politicians bother to unearth this despite recent Swiss government’s announcement that Swiss Banks are ready to disclose names if Indian government asked for such.

Few examples of Indian corruption would be easier to understand. (AND THESE ARE LITERALLY JUST TIP OF THE ICEBERG! Indian corruption is fathomless and each service, private or public, is corrupted of variety kinds.)

Recently concluded Common Wealth Games’ (in New Delhi) estimated budget expenditure was $4billion dollar where the politician who was in charge of the affairs did expense $24 billion dollars! No Indian agency booked him for such misuse of public money!

Indian Telecom ministry awarded telecom licenses to various companies $36billion dollar below current market price! Was he generous? Never! Rest money flows through under the table to ruling politicians!

In 1984 one of the worst Industrial disasters happened in Union Carbide’s Bhopal plant, in MP, India. Poisonous methyl isocyanate gas leaked from that plant and affected more than 80000 people. Many have died and many become incurably ill for life. Instead of catching and booking the offender company’s CEO the then Chief Minister (chief administrative person, who got ‘elected ‘by people) of the State helped him to flee the country! In fact he took special care so that nobody in India could stop him from flying away!

Media is considered the fourth estate of democracy. Other three are legislation, administration and judiciary. Barring few exceptions, Indian media seldom do its duties to unearth the loopholes/misdeeds of Indian politicians and widespread corruption! Especially vernacular media in India are unethically biased towards mightier political forces.

In Maharastra no vernacular media raise their voice against linguistic fanatics of the state who are openly and visibly disrespect Indian constituency.

In West Bengal, a central cabinet minister openly seeking support and giving shelter to armed militants (Maoist militia) to gain political power. Vernacular press shamelessly supporting every move of that valueless, visionless, vindictive politician from Bengal!

So Indian Legislator and administrators are CORRUPT.

Indian MEDIA are BIASED.

Only judiciary is the hope. But, unfortunately they can’t execute.

So INDIAN DEMOCRACY IS NEVER FOR THE PEOPLE.

Why Indian Democracy is not of the people?

India is the second largest population -1.3 billion and counting- of the world. India got more billionaires than Germany and Britain combined or nine times more than in the Africa continent! Still major portion of Indian population is very poor! By World Bank estimates, 80% of India's population lives on less than 2$ a day. According to a 2005 World Bank estimate, 41% of India falls below the international poverty line of US$ 1.25 a day. By the way, NEVER BELIEVE IN ANY DATA BY INDIAN GOVERNMENT! They are always manipulated and false representation of facts! (Manipulated)Weekly inflation data often uses by Indian government to manipulate Stock market prices or people’s sentiment. All regular food items price have raised 35-40 times whereas inflammation data shows it’s around 8%!!

No social security measures for so large number of poor people. Government never believes in up gradation of people’s living rather they insist on reservation system! It’s a unique system! In sovereign India besides linguistic and religious division there are thousands of subdivisions! Manipulative politicians never tries to make India one! Rather they indulge in creating more and more divisions, so that every group/subdivision got a kind of leader and got the pie! One thing Indian politicians do very well. Revenge! If anybody threats to expose their corruption Indian politicians must take revenge to stop that voice! I wonder, today’s civilised world hates Hitler’s fascism but they never seen Indian politician. Hitler’s fanaticism only a child’s play vis-à-vis Indian politicians cruel, vindictive mentality!

Ever wonder why India never does well in team games or sports in general? India could never gather spirited people who could become a cohesive force called team! There must be every sort of differences among team members and they pull each other down!

India has no dearth natural resources and India also got some quality human resource. But India lacks morality. General Indians are peace loving people and they are happy to have the lollipop which called adult franchise! Providing that lollipop to people, Indian politicians killing democracy everyday, every moment. God forbid, if today’s India face any major outside threat no one called ‘Indian’ will be there to save India!

Where is Indian democracy ‘of the people’?

Dear senzible!
I am following your blogs for many days.I notice your blogs are very popular. So I wish to let people know the fact of my 'poor motherland' through your blogs. Hope you'll not have any objections! These are facts and views are mine, so........
Kamal

RELATED STORY : THE MOST CORRUPT COUNTRY IN THE WORLD 



  

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Dull Tax Code-India politics with economy

If you've been too busy buried under heaps of files or running after runny-nosed toddlers then you've probably missed a very, very significant event. This time it's not-very-exciting news! The Direct Tax Code Bill was introduced few weeks back in Parliament and if passed, will replace the Income Tax Act 1961 by April 1, 2012. It's not that me hate change; it's just that this bill makes me ask "What's in it for us?"


Here are few reasons why we aren't fans of the DTC Bill.

 1) According to the present Income Tax laws, tax exemption limit is Rs1,60,000 and for women it is Rs1,90,000. With the new bill, the limit has been raised to Rs2,00,000 which would be a good thing except that our Finance Minister chose to take away the extra incentive for women. A mere Rs10,000 increase in exemption is what we get.


What this means: If you make Rs2,00,000 per annum, you'll save Rs1000 and if you make Rs10,00,000, you'll save about Rs21,000 while a guy would save Rs4000 and Rs24,000 respectively. Bah!


2) If you have a home loan, you're not going to like this one bit! Earlier those who had a home loan could avail of a tax benefit for up to Rs1,00,000 on principal and Rs1,50,000 on interest. Now only the interest component of a housing loan will be considered for deduction.


What this means: You will have the heavy burden of an EMI and you will have to make tax-saving investments depending on how big your interest component is.


3) The bill does not make any mention about Leave Travel Allowance (LTA) and Leave Travel Concession (LTC) in exemptions which means in all likelihood the benefit has been taken away.


What this means: You can forget about getting your holiday tickets etc reimbursed. It's all part of your salary and will be taxed!


4) You've sworn by tax-saving instruments like Equity Linked Saving Schemes (ELSS) and Unit Linked Insurance Plans (ULIP). Well, not anymore. Income from these tax-efficient financial products was not being taxed all this while but if the bill is passed, it will be taxed at 5%.


What this means: You can still invest in these instruments to save tax but the higher returns from them will be taxed.


Disclaimer: All of the above are interpretations of the Direct Tax Code Bill. However, the bill is not in effect and these points will not affect you till bill is passed!




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