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What do we want, increasing per capita income or increasing purchasing capacity?
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economics
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Asset Management
Functional Area : Business Policy |
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About "What do we want, increasing per capita income or increasing purchasing capacity?" topic:
Importance of Purchasing power.
2 insight
, 2 debates
on topic: "What do we want, increasing per capita income or increasing purchasing capacity?"
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PROUT suggests that increases in per capita income are not a sufficiently reliable and scientific index to determine the standard and progress of a particular socio-economic unit. Rather, this approach is misleading and deceitful, because it refers to a simple mathematical calculation of total national income divided by total population. This does not give the correct picture of the standard of living of the people of a particular socio-economic unit, as the wealth disparity in society is concealed. Per capita income shows the mean and not the variation of income distribution. If inflation is also considered, the reliability of per capita income is further reduced. On the other hand, purcha...
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Subramaniyan
| Commented
| 3 years ago
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Hi Sukhendu Ghosh, "Per capita income shows the mean and not the variation of income distribution.' So, even if per capita income is high, how you can ensure people have good purchasing power and they are happy? It is like inflation is 0.33% but...
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Samir Das
| Commented
| 3 years ago
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Mr. Subramaniyan i definitely agree with you. Per capita income is definitely not the right criteria to measure economic prosperity, as you rightly said that if people can't afford to purchase the basic necessities then what is the point in having...
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Insight: "What do we want, increasing per capita income or increasing purchasing capacity?" deleted from your view.
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Permanent Account Number is a ten digit number which helps the Assessing Officer to identify any person. Currently the Income Tax Department is allotting PAN under the new Series to all assesses which includes ten alphanumeric characters and is issued in the form of a laminated card. The PAN is finally meant to replace the General Index Register Number which is at present in use. As per section 139A of the Act obtaining PAN is compulsory for the following persons:- 1. Any individual whose total income or the total income of any other individual in respect of which he is assessable under the Act exceeds the maximum amount which is not chargeable to tax. 2. Any individual who is carrying on a...
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RAMANATHA PRABHU N
| Commented
| 2 years ago
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Informative article connected to Permanenr Account Number under Income Tax Act, 1962.
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Insight: "Permanent Account Number (PAN" deleted from your view.
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Yes
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5
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VS |
1
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No
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RAJAGOPAL MS
| Argues in support of
"Yes"
| 2 years ago
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purpose of income tax refund activity is helpful. but the processing method is not smooth and it is highly confusing Adv.MS.Rajagopal
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Neelam Mishra
| Argues in support of
"No"
| 3 years ago
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I know that individual taxpayers can e-fill track the status of their income tax refunds online but still i see so many pending requests... What other steps govt has taken....can you throw some light on this..... Thanks !!!
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Debate: "Income Tax Refund -2007-08" deleted from your view.
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(rate this)
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yes
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4
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2
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no
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NATTERAJA R. ARIKRISHNAN
| Argues in support of
"yes"
| 1 year ago
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In my opinion there is no justification in the salary hike. Thanks for the referral Mr. Rathin Deb.
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Arun Kumar K
| Argues in support of
"no"
| 1 year ago
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No, It is not justified. I agree being in a high profile of the country they deserve this hike. But in Indian political scenario the case is different because of corrupted politicians. They already get benefits through various allowances along...
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Rathin Deb
| Argues in support of
"yes"
| 1 year ago
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With the increase of MP's Salary their total income has gone up to in excess of Rs 63 lacs per annum. Is it justified whereas the national per capita income is appx. Rs 37000/-
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Debate: "Member of Prliament's income" deleted from your view.
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