Showing posts with label tax. Show all posts
Showing posts with label tax. Show all posts

Sunday, August 16, 2015

Why should I care who Sundar Pichai is?

A google search for this title will obviously return a favorable response, since he is after all the new CEO of Google. Congratulations to him on that elevation. However, unlike most other Indians, I really care a damn about this episode.

You would have to be Kumbhakarna to have missed out the announcement of his appointment and you must have been in a coma to have missed out the follow-up news articles splashed all over the media. But unlike those who wrote those articles or the larger herds of “educated” Indians that consumed it with glee, I AM JUST NOT PROUD OF HIS ACHIEVEMENT. I don’t have any kind of attachment with that person to feel happy or proud or going to the other extreme on the emotional scale, I don’t feel angry or jealous. It is for the simple reason that I F***ING DON’T CARE who Google appoints as its CEO or its janitor for that matter.

Why should I or any Indian feel proud of his achievements? Agreed he didn’t inherit this position by virtue of being related to the owners of Google, but his life is not really a rags to riches story. He hails from a regular middle-class family, studied in IIT and then moved to the US for higher studies. Fair enough. That pretty much sums up every Subramanian, Mahesh and Ranganathan in this part of the world. Ok, not all of them become CEOs of Google, Microsoft, Pepsi or Apple. Oh wait, only Apple doesn’t have a person of Indian origin at the top.

While I said earlier, quite colorfully, that I didn’t care, I actually do care about something and that is what is prompting me to write this post. It is about all the tax money I pay and all the tax money that so many other Indians pay, for which we see no returns.

This is a rant about all the IIT students who get the best of education using MY MONEY, who then opt to pursue a non-Engineering course OUTSIDE INDIA and then go on to work for some foreign company. And most of these people, give up their Indian citizenship at some point; not sure if Sundar did it, but I won’t be surprised if he has.

The defenders can give a thousand reasons from the lack of space for creativity to corruption to reservation and what not, to justify this brain-drain. If these IITians can actually beat those very same parameters to gain admission into an IIT, why can’t they stay back and do some actual engineering work within this country? They simply choose the easy way out and leave India.

But not all of them leave the country. Some of them actually complete a management degree right after finishing their technical course and join the Financial or Marketing line of Business. Seriously, is that what I paid MY MONEY for? If you were not going to continue working in the Engineering field, why the F*** did you pursue a course in the most premium of institutes in this country? Couldn’t you have simply done some vanilla Bachelor’s degree by correspondence and then take up an MBA? Wouldn’t that have actually helped another fellow Indian citizen to gain proper technical education? Or did you decide that even the person who would take up your space would also do an MBA and so it doesn’t matter if you do it. I can’t fight that line of argument!

What I really want to implement is a fee structure in the IITs, so that it is made clear to the students that what they are paying as fees is only the interest component of the loan that the Government has given them. This loan has to be repaid over a period of 5 years after completion of the degree and it would be waived off for those who join a Government agency and serve there for 2 years. Kind of like the internship that every MBBS student has to go through.

If the student wants to pursue a non-technical higher degree of education, he/she must pay out the loan and get the Transfer Certificate. Alternatively, those wanting to leave the country must have to repay the loan or else have their passports revoked.

Does this sound a tad too dictatorial? I don’t deny that. But unless something like this is setup, all the money that we tax payers shell out, is never going to be of real use to us. And we will continue to keep complaining about the lack of infrastructure in this country, even as we work harder to send our offspring to these institutes and then abroad; who can actually stay back and make the difference we want.

Alas, Sundar’s achievement is only going to be another bad example for the beleaguered middle-class to follow. We are going to send more kids to IIT training centers in the hope of creating the next Sundar.

Footnote:
1. The one inspiring thing about Sundar is the fact that nobody really knew him; his schools didn’t know that he studied there; his friends didn’t seem to. This shows that he was an average Jawahar when it comes to scoring marks. Yet, he has succeeded with his knowledge. This trait must be advertised more to students. And parents!
2. My entire argument about keeping IIT students in India can be negated with just one name –Arvind Kejriwal.
3. This is also the country where Governments have awards named after Kalpana Chawla and Sunita Williams; so who am I talking to!

Sunday, November 04, 2007

Sales tax evasion prevented

My dear countrymen, bring out the nomination forms for the Good Citizen award. You have one in your midst and he is not shying away from receiving the acknowledgement for his good deeds.

You see, this guy and his parents went to a furniture store today, to buy a Dining Table. After identifying one that everyone in that family liked, the salesman got this family to the manager's desk to close out the deal.

The estimate was provided as Rs.20,600. Our hero tried his best at negotiating a good deal. The manager gave the usual sales pitch about the quality of his products. How he doesn't hike up prices and then offer a discount. etc. etc.

While all that may very well be true, our nominee wanted some discount. The manager thought for sometime. Did some fundoo calculations. And came out with an offer. He said that he could close the deal for Rs.20,085, but there were certain terms and conditions.

First, 20% of this amount (around 4K) would have to be given as cash. The balance 16K, could be paid using a credit card. Also, the shop would give a bill only for the 16K that was swiped and not for the full amount of 20K.

Our friend thought about it and understood where the store manager was headed toward. And to make things clear, the manager himself categorically said that to accommodate the customer's request, he would have to avoid getting taxed at some level.

This is where any average person would have taken the bait for saving Rs.500 and accepted the offer. And this is where our friend differs from the average citizen. He decided on the spot that he couldn't let the Government lose out on sales tax for 4K. He told the manager that he didn't want that option and in stead requested him to make the bill as Rs.20,500.

Don't you think our hero our hero deserves at least a round of applause for the sacrifice that he has made?

And in case you still didn't realise, till this point in this article, I was referring to myself in the third person.