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

The Vegan Trainer to step up his presence in fitness marketplace

first_imgTay SweatPR HandoutTay Sweat has worked with more than 4,000 clients and helped them in losing weight, keeping fit and living a healthier lifestyle through The Vegan Trainer. He is now step up his presence in fitness marketplace.The Nashville native who holds a variety of certifications ranging from being NASM Certified in personal training/CPT, Holistic Nutrition, as well as serving as a weight loss specialist, iridology/science of reading the body, and corrective exercise specialist is one of the most sought-after fitness experts in the field.Tay Sweat said, “I love helping new, as well as my steady clientele find the way to lose the weight they want to shed and show them how to keep it off once they do. Expanding my fitness plan and training more people about a positive, healthy lifestyle is an exciting next chapter for me and them!”Tay Sweat was initially not aware about healthy lifestyles since he was an overweight teenager who had no clue about how carbs, fats and proteins were not the greatest diet. Instead, he said he was eating simply for survival.With his bad eating habits came diabetes, heart disease, hypertension and bad skin discoloration, as well as eczema when he was 15 years old. Knowing his life needed a change, Sweat started to study health and nutrition. When he was 21, Sweat decided to follow a plant-based vegan diet and over the years he has been teaching others how to follow a vegan diet for a better life like the one found. Within 3 years of research, he was able to drop 120 pounds by healthy eating and fasting.That’s when Tay Sweat decided to take his newly found knowledge and became a health professional. He also participated in a mentorship and guidance from a few well-known Eastern doctors. They helped him achieve multiple certifications and degrees he now possesses.Sweat now serves clients around the world from Australia, Japan, the UK, Canada and across the United States, and has a collective of more than 100,000 pounds of lost.The Vegan Trainer said, he is looking forward to training others and leading them on the path to a healthier lifestyle where they not only feel but also look terrific, as he expands his presence in the fitness industry.The Vegan Trainer has over 115,000 followers on Instagram, 50,000 on Facebook, 10,000 on YouTube, and till date has worked with more than 4,000 clients. For those who are serious about losing weight, keeping fit and living a healthier lifestyle, The Vegan Trainer is stepping up his presence in the fitness marketplace even more.last_img