Union Budget 2017 What senior citizens and salaried people need from FM

first_imgMatt AielloLet’s make one thing very clear right up front: The Modi government’s demonitisation plan would never have succeeded without the support and tolerance of the common citizen, who spent hours out of their busy days to stand in queues at ATMs and banks to withdraw their OWN money.7th Pay Commission: EC’s order on Budget 2017 could bring cheer to Central govt employeesThere were no riots, nor acts of civil disobedience because the common citizen believed in the government’s intention to wipe out the scourge of black money.Now is the time for Finance Minister, Arun Jaitley to reward the patience of the common man; reward them for their support and belief in the claims made by the government. But will the politics of finance take priority on Budget 2017 Day?Here is what the common man would like to see from the FM and his budget.Raise the taxable limitThe taxable limit should be raised so as to give people the extra allowance for savings, education, housing and maintenance, etc.No Tax on income less than Rs3.5 lakh (up from Rs2.5 Lakh)2. 3.5-7 lakh: 10%3. 7-12 lakh: 20%4. above Rs12 lakh: 30%Protect senior citizensFor senior citizens the government has serious intentions to reduce interest rates thereby encouraging citizens to apply for bank loans for housing, vehicles, startups, industries, corporate financing, infrastructure, restructuring of bad debts, etc.The main source of income for seniors is investments in Fixed Deposits, PPF, NSC certs, etc. This rate reduction will cause a serious depletion in their earnings and hence a revision in their tax deduction needs to be given serious consideration.Senior Citizens 60-80 years of age1: No Tax on income less than Rs4 lakh (up from Rs3 lakh)2: 4-6 lakh: 10%3: 6-12 lakh: 20%4: Above 12 lakh: 30%Senior Citzens above 80 years of age1: No Tax on income upto Rs6 lakh2: 6-12 lakh: 20%3: Above 12 lakh: 30%The maximum cap on Tax Saving Instruments should be raised from Rs1.5 lakh to Rs2 lakh. This limit could be increased by Rs5,00,000 for those with an income of more than Rs12 lakh.The Short term and Long term Capital Tax structure should remain the same to avoid FIIs pulling out their finances, which would result in a major setback to the Indian Stock Market. The US plan to increase their interest rates and reduce corporate tax would result in an exodus of Funds of Foreign Institutions back to the US.Increase in Housing Loan Tax exemption from Rs2 lakh to Rs2.5 lakh.Set up government agencies and cold storage facilities in rural areas to assist farmers in procuring a better price realisation for their crops, thereby eliminating middle men, brokers and hoarders.This direct investment by the government will lift the rural economy and result in a drop in market retail prices.Cashless transactions will promote transparency and to encourage this the government should offer tax sops to card users as well as institutions that invest in machines for cashless/ digital transactions.The recent government scheme on demonitisation was hampered largely by corrupt bank officials, brokers and hoarders of black money. The government should offer an incentive to whistleblowers so as to unearth the nexus of operators who illegally helped in converting black money.Also the government must publish the degree of punishment to corrupt officials, whether they be bankers, law enforcement officers, Income Tax officials, corporate accountants, etc.Declaration of funds received and held by political parties is a must. Limit the expenses they incur during elections. No promises that are detrimental to the financial welfare of the state/country, no freebies for the electorate just to win over vote banks. Politicians with criminal records and involved in hate speeches, money laundering, anti-national remarks, etc, should be barred from running for office.Make it a punishable offence for event organizers to pay cash to entertainers, actors, sports persons, celebrities, etc, as this will result in non-payment of taxes and accumulation of unaccounted for black money. Those being paid should also be made aware of this penalty.last_img

Study finds sighted babies of blind mothers find other ways to bond

first_img Journal information: Proceedings of the Royal Society B People staring into one another’s eyes is a well known form of communication, and has no doubt been observed between babies and mothers throughout human history. It’s a demonstrated means of bonding—babies that go without, such as those in an orphanage have been found to lack communication and social skills. But what happens when the mother is blind? Without eye-locking, do such babies develop any differently than babies with sighted mothers? That’s what the team members on this new effort sought to discover.To find out, they enlisted the assistance of five babies and their blind mothers. Each of the babies was tested for their communication skills at ages 6-10, 12-15 and 24-47 months. Babies were observed with their mothers and while watching videos of other women communicating—their eye movements were also tracked using face scanning technology. In all of the tests, the five babies were found to have communication skills comparable to babies born to sighted women, and even in some instances, appeared to have gained some advantages, such as better visual memory retention and quicker response times to changing images. It’s all due, the researchers speculate, to both the way the blind mother’s interact with their babies in non-visual ways, and the innate plasticity of the human brain.Interestingly, the babies tested appeared to also have developed separate communication skills for different people—when communicating with their blind mothers, for example, they used more verbal sounds than they did when trying to communicate with other people, such as their sighted father. The researchers compare this kind of adaption to babies that grow up in bilingual homes. Such babies gain a cognitive boost and as a result oftentimes become better communicators. (Phys.org) —A unique study carried out by researchers from the U.K., Australia and Canada has revealed that babies born to blind mothers don’t appear to suffer degraded communication skills compared to babies born to sighted mothers. In their paper published in Proceedings of the Royal Society B, the researchers found that not only did the babies of blind mothers perform as well as did babies born to sighted mother’s on standard communication tests, but appeared to develop some advantages as well. © 2013 Phys.org Citation: Study finds sighted babies of blind mothers find other ways to bond (2013, April 11) retrieved 18 August 2019 from https://phys.org/news/2013-04-sighted-babies-mothers-ways-bond.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.center_img More information: The importance of the eyes: communication skills in infants of blind parents, Published 10 April 2013 doi: 10.1098/rspb.2013.0436AbstractThe effects of selectively different experience of eye contact and gaze behaviour on the early development of five sighted infants of blind parents were investigated. Infants were assessed longitudinally at 6–10, 12–15 and 24–47 months. Face scanning and gaze following were assessed using eye tracking. In addition, established measures of autistic-like behaviours and standardized tests of cognitive, motor and linguistic development, as well as observations of naturalistic parent–child interaction were collected. These data were compared with those obtained from a larger group of sighted infants of sighted parents. Infants with blind parents did not show an overall decrease in eye contact or gaze following when they observed sighted adults on video or in live interactions, nor did they show any autistic-like behaviours. However, they directed their own eye gaze somewhat less frequently towards their blind mothers and also showed improved performance in visual memory and attention at younger ages. Being reared with significantly reduced experience of eye contact and gaze behaviour does not preclude sighted infants from developing typical gaze processing and other social-communication skills. Indeed, the need to switch between different types of communication strategy may actually enhance other skills during development.Press release © The Babylab, Birkbeck, University of London Explore further It’s true – babies do direct their motherslast_img