Sumit Das

[Times Now Navbharat @TNNavbharat]

सरकारी बैंकों पर 3 दिन लटके रहेंगे ताले..! आर-पार की लड़ाई के मूड में क्यों आए बैंक कर्मी ?

@awasthis के साथ देखिए, 'चक्रView'

#ChakraViewWithSumitAwasthi #ChakraView #5DaysBanking #5DaysWorking #BankEmployees #BankStrike #5DayBanking #Bankers #5DayBankingNow #AIBOC #5Dayworking

[Surya Raj नागवंशी @NagvanshiS84640]

सरकार से सवाल पुछना सही मायने में सच्ची देश भक्ति है..!!
सरकार देश नहीं है..!!

[Yogesh Kumar @bankpediaa]

Public Sector Banks are using fake AI videos to demoralize their own employees.

[Sushant Sinha @SushantBSinha]

बैंकों का मुनाफा बढ़ रहा है लेकिन कर्मचारियों की संख्या घट रही है और काम घटाने की बात ना करते हुए बैंक वाले 2 दिन की छुट्टी माँग ले रहे तो आग लगी है सिस्टम को।

क्या सरकारी, क्या प्राइवेट बैंक.. देखिए क्या ही हो रखा है बैंकर्स का हाल

[TosaBookNerd @TosaBookNerd]

Hey @SamsungTV

What is going on with your smart hub?

THOUSANDS of Samsung TV's not connecting to smart hub

Even did a reset before I found out it was YOU & not me !

Now I have to reinstall all my apps while waiting for you to fix this !

[CJ Larkin @CJLarkin3]

Hey @Samsung @SamsungUS I'd like some compensation since I can't watch ANYTHING on my Samsung TV and can't even access the Apps because YOUR server is down. Work all day and try to watch something at night to wind down and this?

[Sumit Das @sumitdas92]

@IndianForce_ 🇮🇳

[Vikas Vij @TheClubJunto]

CAG Report Reveals Rs. 20 Lakh Crore Tax Riddle

AN EXPLAINER

1. Unpaid Taxes: There is an outstanding tax demand of Rs. 19.35 lakh crores in FY2022 against certain parties.

2. These are “Tax NPAs” (4.5 Times Larger than “Bank NPAs”): The total NPAs of all public & private banks combined as of March 2024 is Rs. 4.35 lakh crores. So, the “Tax NPA” is nearly five times bigger.

3. Direct Tax Arrears: These are direct tax (corporate tax and income tax) arrears, which the IT Department has demanded, but the parties that received the tax demand (assessees) have disputed the demand or simply not paid.

4. Rs. 5.18 lakh crore new arrears in FY2022: The arrears backlog in FY2021 stood at Rs. 14.17 lakh crore. Fresh arrears added in FY2022 were Rs. 5.18 lakh crore. So, the total arrears (old + new) for the year stood at 14.17 + 5.18 = Rs. 19.35 lakh crore.

In recent years, the trend of new arrears getting added each year to the backlog is roughly Rs. 3 to 5 lakh crores per year (as per the CAG data).

5. Why Old Arrears are Not Cleared: Why do old arrears (backlogs) keep getting carried forward every year, and have not been recovered from the assessees? Reason: The IT Department has classified 97.35% of old arrears as “difficult to recover.”

About Rs. 9 lakh crores of the old arrears are 1 to 2 years old, and about 4.5 lakh crores are 2 to 5 years old (from FY2022). So, it is not some age-old bad debts, but fairly recent cases.

6. Perspective: To comprehend the astronomical sum of Rs. 20 lakh crores, consider this: In the last Union Budget 2024, the total allocation for Jobs, Education, and Skills Development was Rs. 1.48 lakh crore, and the allocation for R&D and Innovation was roughly Rs. 10,000 crores per year (over the next five years).

Now compare it against the “Outstanding Tax Demand” from direct taxes, which is Rs. 3 to 5 lakh crores of new arrears per year, getting added yearly to the backlog of Rs. 20 lakh crores.

7. Why Did the CAG Perform This Audit: The CAG writes at the beginning of the report that they noticed that the “outstanding tax demand” is now exceeding the actual tax collection per year. This made them decide to undertake a massive two-phase audit, culminating in a 230-page report submitted to the government.

Outstanding Tax Demand as a Percentage of Actual Tax Collection

2018-19: 82.72%
2019-20: 106.95%
2020-21: 152.16% (It means: During 2020-21, the actual tax collection was only Rs. 9.47 lakh crore; and the “arrears” were Rs. 14.41 lakh crore.)

8. Who are These Assessees with Large Outstanding Tax Demands: These are obviously not salaried individuals who bear the maximum brunt of taxes in India. From whatever records CAG managed to obtain from the IT Department:

18,870 Cases: Had an outstanding tax demand totaling Rs. 7.59 lakh crores. This comes to an average amount of Rs. 40 crores per party in unpaid/disputed taxes.

160 High-Value Assessees: Out of its sample selection, CAG conducted a supplementary audit of 160 high-value pan-India assessees. Their total outstanding income tax demand stood at Rs. 4.38 lakh crores in Jan 2023.

Mumbai and Delhi: In Mumbai alone, 15 assessees had an outstanding tax demand of Rs. 2.76 lakh crores. In Delhi, 12 assesees had an outstanding demand of Rs. 78,061 crores.

In a region-wise analysis, Mumbai had an outstanding demand of 32%, Delhi was at 20%, and the rest of India at 48%.

Percentage of Tax Demand Locked Up in Litigation in FY2022: 58%

Assessees Not Traceable or “No Assets for Recovery”: Outstanding amount against this category more than doubled from Rs. 85,337 crore in 2017-18 to Rs. 1.78 lakh crore in 2019-20, and nearly tripled to Rs. 2.26 lakh crore in 2021-22.

Undisputed Demand: Outstanding tax demand of Rs. 3.32 lakh crore was classified by the IT Department as ‘demand not under dispute’ for FY2022. So, even “undisputed demand” has not been realized from these assessees.

Dispute Trends: There has been an increasing trend in the disputed tax demand. The disputed demand grew from Rs. 5.78 lakh crore in FY2016 to 10.36 lakh crore in FY2022.

9. No Dispute Resolution: Some of the tax disputes of even large assessees will be legitimate; but there should be a logical conclusion at some stage, rather than 97.5% of the cases being classified as “difficult to recover.”

The fact that alarmed the CAG was that the actual tax collections are lower than the outstanding demand. From a common man’s perspective, the big fish are fearlessly gaming the system, and the small taxpayer is paying the price for it.

10. The Report Made No Noise in the Media: The CAG Report on the "Outstanding Demand on Income Tax Assessees for FY2022” was tabled in the Parliament on 17 December, 2024. But it has hardly made any appearance in the mainstream media.

Perhaps the journalists did not find this comprehensive undertaking by the CAG worth reporting and informing to the average taxpayer, who finances the nation’s affairs with the sweat of his brow.

Link to the CAG Report: https://t.co/yIjnJqPMck

@arvindsubraman @EmergingRoy @kaul_vivek @DivaJain2 @Ravinder_IITD @Nher_who @bainjal @SanSip @RahulSeeker @SharadRaghavan @manoj_216 @1shankarsharma @malpani @Aunindyo2023 @Jasmine441 @CafeEconomics @virsanghvi @_KiranRajput @arabicatrader @GoldenEye_6 @BMTheEquityDesk @itsAdityaT @RameshPV2010 @ikkmurugan @_ADeshpande @md_ashiff @RohanSkoch @mihir85 @Memeghnad
@Aakar__Patel @gauravsabnis @atti_cus @SushantSin
@pvsubramanyam @saliltripathi @SauravDassss
@manujosephsan @prempanicker @sighyush @dubeyamitabh @GorwayGlobal @SuhadipNandy16 @IdiSrinivas @abhihiremath94 @SoumitraRoy @drmathewjohn @TheFactFindr

[Congress @INCIndia]

ANYAY

[Alankrit Shukla @alashshukla]

This recruitment promise by @INCIndia is surely a big big thing which we all need.

Young generation is struggling without jobs and paper leaks is another bigger issues.
Atleast @INCIndia started addressing this issue.

God job @RahulGandhi. 🔥🙏😊

[Ankush Ghate Patil @Ankyghate]

According to the information received, a deadly attack was made on a bank employee,
Video evidence of which is also available.
@fatehpurpolice @dgpup
@dmfatehpur is requested to take cognizance and take appropriate action.
@CMOfficeUP @Uppolice
@myogiadityanath Kindly intervene.

.@PMOIndia 𝐖𝐞 𝐮𝐫𝐠𝐞 𝐲𝐨𝐮 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐚 𝐬𝐭𝐫𝐢𝐧𝐠𝐞𝐧𝐭 𝐥𝐚𝐰 𝐟𝐨𝐫 𝐁𝐚𝐧𝐤𝐞𝐫𝐬 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧.
Cc
@DFS_India
@FinMinIndia

https://t.co/2V8C8dsMUg

[Vikrant bajpai @Vikrantbajpai7]

मिली जानकारी के अनुसार फिर एक बैंक साथी पर जानलेवा हमला किया गया जिसकी वीडियो साक्ष्य भी मौजूद है @fatehpurpolice अनुरोध है की संज्ञान लेकर उचित कार्यवाही करे
Cc @dmfatehpur @dgpup @CMOfficeUP
@DFS_India @PMOIndia
@myogiadityanath @aiboc_in
@alashshukla
https://t.co/UoK4WR3way

[pawan kumar @pawanku61610301]

इस पावन होली पर बैंक कर्मचारियों के साथ अनुचित व्यवहार क्यों..25 को होली लोकल अथॉरिटी का कैलेंडर नहीं मनाने दे रही और 26 को होली बैंक का कैलेंडर नहीं मनाने दे रहा है.26 को एन आई एक्ट में भी छुट्टी घोषित हो @Dm_Gorakhpur @myogioffice @yadavakhilesh @GorakhnathMndr

[Alankrit Shukla @alashshukla]

178 Days left for #5DaysBanking

As BPS is concluded after 494 days. Most important demand of #5DaysBanking is still pending.

@aiboc_in @ChVenkatachalam

[Neha Singh Rathore @nehafolksinger]

इससे पहले कि SBI के दफ़्तर में शॉर्ट सर्किट से आग लगने की वजह से इलेक्टोरल बॉण्ड वाली ज़रूरी फ़ाइल्स और कंप्यूटर जल कर राख हो जायें, मेरा @TheOfficialSBI से निवेदन है कि इलेक्टोरल बाँड्स की डिटेल्स सार्वजनिक कर दें.

जनता को अपने असली मालिकों के नाम जानने का पूरा अधिकार है भाई!

#ElectoralBond
#nehasinghrathore

[Ashok Kumar Pandey अशोक اشوک @Ashok_Kashmir]

जब 370 हटा तो सोनम वांगचुक भी ख़ुशियाँ मना रहे थे, अब अनशन कर रहे हैं।

सुन लीजिए क्या कह रहे हैं

[The Banker’s Voice @TheBankersVoice]

पब्लिक जाग गया है सर
टोटल सपोर्ट मिलेगा ।

#12thBPS

[Punjab National Bank @pnbindia]

बहादुरी का एक अद्भुत उदाहरण! पीएनबी कलवार रोड शाखा, जयपुर में जब डकैतों ने मौका तलाश कर बैंक में लूट-पाट के इरादे से घुसपैठ की, तब कैशियर नरेंद्र सिंह शेखावत ने अपनी सूझ-बूझ और साहस का एक अनोखा परिचय दिया। इसके परिणाम स्वरुप उन लूटेरों के इरादों को नाकामयाब किया और बैंक में रखा कैश भी सुरक्षित किया। उन्होंने बैंक की सुरक्षा को स्थिरता दी और देश की सेवा में अपना कर्तव्य निभाया। उनका ये कार्य बहुत ही सराहनीय है और ऐसे साहसपूर्ण कार्य के लिए पीएनबी परिवार उनको नमन करता है। हम कामना करते हैं कि नरेंद्र जल्दी ठीक हों और इसी तरह बैंक की सेवा में तत्पर रहें।

#ZimmedariBhiBharosaBhi #PNB #Bank

[शाखा पर बंधक @kuldeep0401]

सैलरी वालो का इनकम टैक्स तो यूही कट जाता था, लेकिन तुमने तो हमारा *@#$@काट डाला

[Ashwini Vaishnaw @AshwiniVaishnaw]

Superior ride quality.
Look at the glass. Stable at 180 kmph speed.

#VandeBharat-2