Back Bone of The Economy

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         All countries  central and state governments needs 5 strong departments for best economic performance. 

1. Police department -  all countries need a well trained police force. Subjects of knowledges various type of financial fraud & cheating offenses should be covered properly. Investigation work of police  should neutral from political and other interferences. Police should work for applicants welfare & provide them good advise for awareness. Amount of recovery & precious metals gold like, which police recovered from accused deposit them bank account so earning of interest will help department modernisation. This all released after court order. Many these amount kept in police loker room for long times.


2. Judiciary department - Judges should be time bound of any complaints/ case decision within 2 years neither state should pay penalties to applicants. When governments want tax on time then it's duty of the judges to give decision on time. Judges decisions not come on time so many enterprises became fail & bankrupt. When government employees judiciary receiving salaries by tax of business entity then it's there duty to give fair decision within time so business harmness should reduce. 


3. Tax department -  Tax department should aware about frauds if any registered entity is not paying tax then stop that type of people to open new enterprises. Option of payment of goods & services  ( invoice payment option ) should be add in indirect tax websites so fraudulent business entity should punished.


4. Finance ministry -  Finance ministry should take fast decision for small entity.  If government is unable to deliver justice by courts then return them taxes which they have paid to government tax department. Matter of cheque return.  Business to business transactions of goods and services sells indirect tax should be return if buyer denay to pay full amount and partial payment time government should pay balance amount indirect taxes. Need to allow cash hawala business so next transaction through bank will increase. Regulise international and domestic hawala transactions by banks by direct cash transfer. Need to make a banking system for recovery or seizing authorities like police, custom, vigilance team, enforcement, court etc so they can earn interest on seized currency or gold and can earn interest so next transactions will regulise. 


5. Regulatory system -  banking regulator,  treasury, insurance regulator, capital market and securities regulators, provident & pension fund regulators, real state regulators and various other regulators need a combination of decision power.

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