404 - The content no longer exists on our network.

But we found simillar discussions which you may find interesting... please review them below.

Search for "Try Save Our Economy"


"saving is sin, spending is virtue
Hi we received this mail today from some one read this... we all think that buying foreign goods will weaken our economy but there is some controversy.... japanese save a lot. they do not spend much. also japan exports far more than it imports. has an annual trade surplus of over 100 billions. yet japanese economy is considered weak even collapsing. americans spend save little. also us import more than it exports. has an annual trade deficit of over 400 billion. yet the american economy is considered strong and trusted to get stronger. but where from do americans get money to spend? they borrow from japan china and even india . virtually others save for the us to spend. global savings are mostly invested in us in dollars. india itself keeps its foreign currency assets of over 50 billions in us securities. china has sunk over 160 billion in us securities. japan 's stakes in us securities is in trillions. result: the us has taken over 5 trillion from the world. so as the world saves for the us americans spend freely. today to keep the us consumption going that is for the us economy to work other countries have to remit 180 billion every quarter which is 2 billion a day to the us otherwise the us economy would go for a six. so will the global economy. the result will be no different if us consumers begin consuming less. a chinese economist asked a neat question. who has invested more us in china or china in us? the us has invested in china less than half of what china has invested in us. the same is the case with india . we have invested in us over 50 billion. but the us has invested less than 20 billion in india . why the world is after us? the secret lies in the american spending that they hardly save. in fact they use their credit cards to spend their future income. that the us spends is what makes it attractive to export to the us . so us imports more than what it exports year after year. the result: the world is dependent on us consumption for its growth. by its deepening culture of consumption the us has habituated the world to feed on us consumption. but as the us needs money to finance its consumption the world provides the money. it s like a shopkeeper providing the money to a customer so that the customer keeps buying from the shop. if the customer will not buy the shop won t have business unless the shopkeeper funds him. the us is like the lucky customer. and the world is like the helpless shopkeeper financier. who is america 's biggest shopkeeper financier? japan of course. yet its japan which is regarded as weak. modern economists complain that japanese do not spend so they do not grow. to force the japanese to spend the japanese government exerted it self reduced the savings rates even charged the savers. even then the japanese did not spend habits don t change even with taxes do they?. their traditional postal savings alone is over 1.2 trillions about three times the indian gdp. thus savings far from being the strength of japan has become its pain. hence what is the lesson? that is a nation cannot grow unless the people spend not save. not just spend but borrow and spend. dr. jagdish bhagwati the famous indianborn economist in the us told manmohan singh that indians wastefully save. ask them to spend on imported cars and seriously even on cosmetics this will put india on a growth curve. "saving is sin and spending is virtue." before you follow this neo economics get some fools to save so that you can borrow from them and spend. this is what us has successfully done in last few decades
How can we save tax from salary ?
If employee getting salary rs.18000/ or 40000/ how he can save tax because if medical reimburrsment added in payslip he as to sumbit the bills by every month. so we removed the medical there so now how we can save tax please suggest me
Tax calculation
Hi all i ve just started new venture and earning as 90k pm salary. wanted to know what kind of tax liabilities comes for me under 30 slab and how can i save maximum tax liability under different chapters ? major concern here is to save as much tax i can .. also wish to buy a car worth 7.5l and being employee i know i wont be getting tax deduction for that what are the options to save ?
What are the general components of salary in india?
basic salary commissions/incentives bonus dearness allowance child education allowance better give as reimbursement to save tax child hostel allowance better give as reimbursement to save tax city compensatory allowance conveyance allowance house rent allowance leave travel allowance better give as reimbursement upto a maiximum of 15000/ to save tax lunch allowance medical reimbursement to a maximium of 15000/ otherwise it will go in tax newspaper allowance better give as reimbursement to save tax special allowance gift voucher club membership save tax
How to save maximum salary from income tax
I have recently joined a company and my ctc is coming under the taxable limit. i would like to know the various savings which i can opt for to save money.
Compensation structure - which can save more tax
I am facing a big problem with my compensation structure because other than education allowance and conveyance i don t have anything which can save tax from their earnings. can anybody tell me what other components i can include to save employees money. note: we don t pay anything in cash to employees even a single paisa will get transferred to back account. reg chirag jain