ISSUES TO BE COVERED BY THE PROPOSED COMPANY LAW

I am herewith presenting some of my personal views to be discussed with regarding the Company Law.

1. COMPANY LAW
   The Company Law has to consider the following issues:  
   1. FACE VALUE OF SHARES: There should be uniformity face value of forms @ Rs.10/- each and should not have any other face values so as to have an operative analysis with regarding RONW, EPS Book Value, PE Ratio, ROC, etc.,
   2. ACCOUNTING YEAR: All the Companies should have a uniform of Financial Year from April to March for the purpose of uniformity.
   3. INTERNAL MANAGEMENT: Every Sections of the Company has to be under the control of accountable, professional who is responsible for organization in the process of Internal Administration. The International Management should have standardized form for smooth functioning and proper information of the management on uniform basis.
   4. COST ANALYSIS: Every Company has to disclose the cost analysis and overheads in the process of comparison with overheads of industrial performance.
   5. VALUATION OF ASSETS: All the Assets and Liabilities periodically on the basis of rate of inflation for correct calculation of RONW.
   6. REMUNERATION TO MANAGEMENT: All Companies should allocate specified portion of its profits as remuneration to the management who are the persons behind successful functioning of the Company. So that the remuneration in the form of sharing profits will give the encouragement to the efficiency and punishment to the inefficiency.
   7. CHANGE OF MANAGEMENT: When there is a company incurs losses consecutively for 3 years or more, there should be the change of management. So that the organization will be protected and the interest of Creditors, employees and all other connected activities will be protected instead of closing of the unit and handling over to Financial Institutions.
   8. CAPITAL PROPORTIONS: The Management should have minimum @51% of capital of the company so that they can enjoy the success in the form of more profits and feel the pinch in case of loss.
   9. PLACEMENT: Every employment of the company has to be accommodated with persons of accountability, persons of quality and performance irrespective of any caste, religion, social backwardness.
   10. INFORMATION TO THE SHAREHOLDERS: Every company should be asked to provide information in uniform format regarding the annualized values of the share, RONW, EPS, PE Ratio, ROC and Liabilities of the Company. So that Investors can compare with industrial performance.
   11. INDEPENDENCE: Board of Directors, Advisors and others more importance should be given to their efficiency rather than independence, because all the Companies are performing for commercial values.
2. CAPITAL MARKET:
   1. SHARE IN PROFITS: Every Company should prescribe some percentage of profits to the shareholders in the form of dividends and the dividend disclosure need not be at the discretion of the Management.
   2. ACQUISITION AND MERGERS: Every Company should be asked to have tie up agreement for acquisition or merger with any other Company instead of going for liquidation, since the liquidations leads to erosion of entire share of capital, loss of employment and loss of opportunities to the Dependent Activities.
   3. DE-LISTING: No Company should be allowed to duelist from the stock exchange since that is the only option available to the investor who wants to enter or exit into the share capital of the company at reasonable prices.
   4. INFORMATION: Every Company should provide the basic information to the investor with regarding the Return on Net worth, Book Value, EPS, PE, Ratio, ROC etc., of the Shares and all that can regularly adjusted and annualized for quarterly results.
   5. ACCURACY OF INFORMATION: Every Company should provide accurate information to the shareholder and any difference has to be seriously explained by the International Management.
3. SOCIAL OBLIGATIONS
   1. RESOURCES: Every Company has to maximize the Productivity of the Resources utilized in the process of Manufacturing, Marketing, Expenditure etc., The Resources may be in any form like Raw Material, Labor, Capital of the Investors, Management Capabilities and Administrative Performance.
   2. WELFARE: The Company has to look after the Welfare of its Employees, Customers and Society at large, in the form of helping the needy by providing Health, Education, and Employment Opportunities to the deserved.
   3. POLLUTION: Every Company has to maintain the echo balance by not creating loss to the environment and maintaining echo balance.
   4. MARKETING: The Company should not indulge any window dressing practice and should be based on the quality of its Product and Price to the customer’s satisfaction i.e., it should not spend more on Advertisement and not to increase the Sale Price.
   5. LAW OF THE LAND: Every Company has to maintain, oblige and Co-operate with the Rules and Regulations made by the Government for Collection of Revenues i.e., Taxes and Utilizing of Resources, Payment of Dividends to Investors, Remuneration to Workers, Reward to Efficiency of Management and all other Sections of the Society.
   6. INVESTORS PROTECTION: Every company has to look after the interest of the investors by assuring them regular income, safety of investment and opportunity to withdraw with minimum loss. Investor’s confidence is more important.
   7. VALUATIONS: The companies should not be allowed to value its net worth for calculating premiums, at the time of new issues, mergers, acquisitions, public issues, borrowings, exports, etc. The valuations have to be made independent authorities which are not known to the management, selected from independent source, independent panels from those who are associated with the company. Investors lost huge money due to overvaluations, disclaimers, incorrect information’s, incorrect projections, etc. The above issues may be considered, if feel appropriate, to communicate to concerned authorities.

THE NEW INCOME TAX CODE

According to me the following are the some of the issues which are to be covered by the proposed New Income Tax Code under various areas without increasing the rates of taxes with the help of increasing the administrative compliance and voluntary compliance by tax payers:-

Welfare of Tax Payer: One-third portion tax paid may be allocated as FUTURE

DEPOSIT without interest which can be utilized for development of infrastructure projects and other long period requirements. This will ensure safety and welfare of the taxpayer for the future years.

1. Returns: The returns to be filed by tax payers should be asked to file with complete and correct information and computation of tax payable according to the provisions of Acts, any wrong particulars and wrong claim should be punished be severely.
2. Information: Information should be provided by the tax payers should be made compulsory to include the details of Assets acquired, Liabilities reduced, Major expenditure like Foreign Travels, Functions etc.,
3. Verifications: Every information provided by the tax payer has to be verified which filed and cross checked with details with the details filed with various departments like local taxes, financial institutions, labor departments and all other concerning authorities. The difference if any should be punished severely. Also the tax payer as to be asked to provide the reasons for difference and opportunity may be given for reconciliation for the difference.
4. Checking: Every return filed by the tax payer has to be verified by the department in every angle of statutory and legal compliance. Any difference or excess claim should be inform and ask to reconcile, explanation for the difference. Under the head of legal compulsion to accept the returns filed.
5. Timing: The time limit for verifying or cross checking in return should be allowed within specified time but not afterwards under these circumstances the department has to be more active with regarding administrative steps required and disposal of returns and verifying legality of made by the tax payers which may cause heavy burden on the department. Under such circumstances it advisable to ask the tax payer to submit the legality of the claim made from any responsible and accountable authority or person which will reduce much of the burden of the revenue department.
6. Encouragement: The tax administrative should work under such circumstances that the Honest Tax Payer should not transform into dishonest due to the every enthusiastic steps taken by the Tax Administration. It is important to note that many of the tax payers want to be honest in paying taxes. The tax payer should be protected for the details disclosed in his returns filed except any deviation is noticed by the department. He should not be asking to substantiate with the evidence which are impractical and beyond his control.
7. Tax Base: Tax base can be widened by covering many areas which are not yet seen by the revenue department due to lack of time and the hard work required to utilize the information to increase the tax base.
8. BANK TRANSACTIONS: Firms will have number of accounts, Balances, Transactions but not disclosing all the accounts and the transactions of all accounts.
9. CROSS VERIFICATIONS: There should be a system of cross verification of information collected from other departments, accounts of creditors, debtors, purchases, sales, outside dealers whether the same reflects in the accounts of the outside dealers.
10. TAX RECOVERY: Arrears over looked, properties and attached and allowed to be sold. Much stress made on small amounts and number of entries. Big sales with arrears in the names of partners, family members, are over looked.
11. VARIOUS REPORTS: People, firms, companies file different reports for the same year to different agencies like Income Tax, Sales Tax, Banks and Financial Institutions, Insurance Companies etc.,

With the result the Government is not collecting tax correctly and innocent tax payers are paying more tax. The above expenditure can be dismissed and taxed since it is illegal.

The effect is very high and not to be allowed to go. Illegal planning should be punished.

In the case of arrack cases also many people received huge refunds by wrong partners compared to license names. The same can be recovered. Many of your officers are not going through the legal provisions for the reasons best known to them. This can be stopped to collect and recover the tax wrongly refunded.

STEPS REQUIRED

1. Cross Verification
2. TDS Returns Verification
3. Extracts from Banks, LIC., Govt. Securities
4. Compulsory filing of funds flow, capital fund account and statement of affairs of assets and liabilities along with Return of Income.
5. Any additions to the assets, Deletion of Liabilities should be disclosed and explained with evidence.
6. Investments, Policies, Deposits, Shares all put together by each person to be permitted by the department above THRESHOLD limit.
7. TDS to be made Compulsory above THRESHOLD limit.
8. Unbiased and judicial approach by the department.
9. Only the registered value should be taken as the purchase price.
10. Every Investment/acquisition of asset is to be brought to the notice of the department.
11. The Department has to verify each and every aspect, while confirming the Tax Computation.

Process of Increasing the Revenue and Administration

I am presenting my personal views for the consideration of the govt. in the process of increasing the revenue and administration of the same.

The administration which results into:-

“Transforms the dishonest as honest – is Best”
“Remains the honest as honest – is honest – is Good”
“Transforms the honest as dishonest – is Bad”

Therefore, the honest tax payers should not be doubted on the particulars provided unless evidence is available contrary.

1. Less has to be collected from more instead of collecting more from less i.e., widening the tax base covering all tax payers of similar nature. There by reducing the tax rates.
2. Forex Reserves:- High forex reserves results into:-
   1. Face unforcing demand for inforce.
   2. May be utilized for repayment of foreign loans and advancing fresh loans. Thereby, changing the character as loan accepting into loan advancing nation.
   3. Conolidates the rupee value gradually .Thereby, increasing exports and reducing the imports in the value of rupee. High process of exports leads to payment of high prices towards raw-material purchased, employees and others…
3. SERVICE TAX: The rate of service tax may be reduced to 2% from 8% and collection process should be covered from all of similar nature but not on selective basis.
   1. Rates of taxes:-The minimum payment can be started from Rs.120000/- without considering the savings, rebates, exemptions etc., which results into no savings in govt. securities. Thereby, reducing the burden of interest.
   2. Less has to be collected fro more instead of collecting more from less i.e., widening the tax base covering all tax payers of similar nature. There by reducing the tax rates.
   3. More concentration on TDS.
   4. More areas to be covered for widening the taxpayers like Insurance payments, bank deposits, house properties, business organizations, investment in shares and bonds.
4. GIFT TAX,ESTATE DUTY & DONATIONS:- All these transactions may be taxed in the hands of beneficiaries at maximum marginal rate to avoid change in the nature of transactions. Since organizations are running purely for commercial purpose and there is a benefit to the beneficiary.
5. PETROL AND DIESEL PRICES:-
   1. These used to be deficiency in oil pool a/c before the oil prices are brought to the effect of market conditions.The difference was used to be the burden on annual budgets. At present, the burden (or) benefit is passed on to the customer.
   2. The prices has increased due to increase in dollar rate when compared to the previous years.
6. DIS-INVESTMENT:-The govt. has taken several steps for dis-investment in public sector undertakings since the organizations were facing problems of ;-
   1. Accumulate in losses
   2. Unable to compete with the open market.
   3. Unable to take immediate decisions and no accountability.
   4. Burden on annual budgets due to losses and interest to be paid on savings of the public for investment.
   5. The govt. cannot carry on the commercial activities there by taking risk with public money.
   6. With regarding disinvestments in profit making units, the govt. may not get the same price after some time, due to emerging similar private organizations. Thereby, reducing the existing profits. Since the monopoly enjoyed by the public sector undertakings does not exist.
7. INFRA-STRUCTURE:- The govt. should concentrate on long term projects like national highways, interlinking of water resources for future benefit Infra-structure facilities for industrial commercial organizations like export zones, ports, commercial trade parks which are social in nature which are useful for commercial organizations.
8. SAVING AND MUTUAL FUNDS:- The govt. has reduced interest rates for reducing its burden and to discourage savings and transform as the investment habit directly by the individuals. Thereby, making the people to feel the risk of investment.
9. WELFARE:- There should be more allocation towards welfare of the individuals like providing land, houses, sources of earning income on permanent basis.
10. ROLE OF BANKS:-In my opinion the banks has to grant only personal loans depending upon the investments, income, assets of the individuals. Since all the organizations are maintained by individuals only. The persons who manage the affairs of the organization will feel the pinch of loss and make the organization successful.

SHARE MARKET FLUCTUATIONS & EFFECT

The following are some of the effects on investment culture of investors, reliability of corporate information, safety of investment and over all effect of investing community in the long run.

1. Fluctuations: Recent abnormal growth in share prices and followed by steep fall in the prices resulted into treating the investment in capital market in the form of shares as a game of gambling instead of the culture of investment since there is no relation between the price quoted and income earned, net asset value, return on capital of the company.
2. Information: The information available to the shareholders prospective investors is not up to the required level for which he has to depend on advises, rumors, etc. developed in the capital market. The required information to the prospective investor is with regarding the performance of the company, net asset value of the company, return on capital of the company which are not available on Media regularly. Hence he has to depend on somebody’s advise and rumors.
3. Caution: All the information available through Media to the investor is on going concern concept but not as a safety alarm source. The Media and other information source are propagating information obtained during the period of downfall or uptrend which is a concept of going concern. There should be a system to caution the investor about the prospective fall and safety levels of share prices. The system can be based on the price earning ratio level, return of capital level, net asset value level which is an indicator of the past performance of the company.
4. Speculation: At present the market is guided and goaded by speculation attitude by many unwanted driving forces. Since there is no relation between the performance of the company, the safety of the investment may depend more on rumors and speculations which resulted into high price and steep fall for shares of low performing and low intrinsic value of particular share. So it is advisable to mention and caution about the price earning level/Net asset value/Returns capital after which investment can be treated as a speculation.
5. Infrastructure (Roads, Water Projects, Industrial Parks, Economic Zones, Ports, Trasportation etc. which help in promoting Industries): Entire Industrial land infrastructure development mainly depends upon the investment culture of the investors made investment in the form of shares, debentures, units and mutual funds in terms of investment for long term investment in infrastructure requirements of the Nation for fairly long period. If the confidence of the investors is lost on the investment made in shares, debentures, units, bonds etc. they will keep away from the investment attitude and they will go for unproductive investment like Gold, Jewelers, Real Estates and they will spend unnecessarily.

So it is a time to concentrate on converting the savings of the citizen into the investment for long term requirements of the nations in the form of Industrial infrastructure, projects requirement for long term period. The investment in shares of the companies which are having bright prospect with high intrinsic value added with perfect knowledge, planning and performance and yielding good results, though they are lagging behind in the publicity. The entire criteria should be the safety, income, continuity of the investment made by the investors. If the individual investors are out of the investment culture the corporates, mutual funds invested in the capital market may not be advisable since again investor may try to withdraw their investment when they lose confidence on the mutual funds or capital market at that time the mutual funds may not be able to fulfill the repayment requirement to the individual investors. Ultimately it is a confidence of the individual investors which is utmost important factor rather than speculation, rumors, unvisitable projections without depending upon the actual performance of a particular company.

If the investment culture is not in the minds of individuals the mutual funds, corporates may not have sufficient funds to meet the requirements of the infrastructure and investment required for fairly long period projections. Ultimately the individual  investor who is to subscribe to the shares, units, bonds issued by any company mutual funds or in financial institution, for which the ultimate requirement is confidence of the individual investor otherwise which will dismantle the entire investment culture from anywhere of the Globe.

The above said are our personal opinions only.

Recent Fluctuations in the Capital Market

In the Month of January to September, 2008 there was a heavy fall in share prices in the Stock Market which resulted into erosion of approx.Rs.40Lakh Crores of investors. Though it is not crystallized the effect to that extent due to short fall in the prices. Those
who wait and stay in the market and wait for good time can recover in the near future since the economic development is showing growth, in right direction and inflation is under control.
According to me the following are some of the reasons for rise in the share market from 10000 BSE index level in the year 2006 to more than 21000 index in January,2008 and steep fall near to 12000 index are as follows :-

1. PE Ratio: There was no relation between market price and profit earnings of the company which is reflected in the form of PE ratio. In many cases it was more than economic level of 17. In case of share which quoted more than 17 PE ratio has suffered heavy fall in prices because that was based on speculation rather than profitability of the company.
2. Media:- Media also projected that BSE index will reach peak level in a very short time which attracted the small investors and resulted heavy loss to them.
3. Mutual Funds: Mutual funds also invested heavily when the BSE index was more than 20000 expecting that there will be heavy gains without expecting any correction. The analysis of the mutual funds also in favour of boom in the market whereas it was not correct. The mutual funds are dealing with the contributions made by the many small and medium investors. The assured return to the investors will be grossly affected due to fall  in prices.
4. Financial Institutions:- Financial Institutions also shown more interest in financing to purchase shares without verifying the share which the investors is going to purchase and what is its PE Ratio and break-even price etc., which resulted into the loss of margin money to the investors and some bad debts in the hands of the Financial Institutions.
5. Investors Confidence: – Investors confidence was high since the increase in GDP was near to 9% and inflation was under control and continues upward trend in the capital market. The investors also madly invested in acquiring share expecting that the boom will continue since they are not properly educated and equipped with experience and analysis.
6. Foreign Institutional Investors:- They are big gainers in the boom and steep fall in the share market since they have entered into the market when the BSE about 11000 and exit at 20000 and more which resulted into heavy selling pressure and steep fall in the prices. They could gain since they are equipped with analysis and expected correction in the market. Also there was no minimum period for institution investors those who invest in the shares of a particular company to hold for any minimum period. The specification of minimum period of holding would not have resulted into so steep fall.
7. Advisers :- The role of advisers to invest in shares is very irresponsible and more in favour of speculation rather than in favour of long term investments. Only the long term investments will strengthen the capital market. The short period investment will result only speculation and more turnover low gains to the investors. The role of advisers is very objectionable since they hold no responsibility and safety to market as speculative market rather than as investing market.
8. Whistle Blower:- There was no body, no organization, no institution acted as Whistle Blower to the small and medium investors who entered into the market at 21000 above BSE index level. Also there was no guidance with regarding the safety; earning and other market speculate terms and conditions to be followed. They are not properly explained of safety precautions of ground level prices shares which are quoting with low PE Ratio high net asset values were not advised, whereas only some specified shares where there was heavy speculation were advised madly to acquire which resulted heavy loss to small and medium investors. If there should have been any Whistle Blower explaining the index PE ratio, net asset value the small and medium investors should not have run madly for shares which are quoted with high PE ratio.
9. Regulatory Authority: The regulatory authority should have warned investors for safety to their investment and strength in earning income. Though there is no fear with regarding the administration of activities in the market, payments etc. the precaution part was not properly anticipated by the regulatory authority. The investor not only needs the service of administration and payments but also advisory with regarding the assessment of intrinsic value of a particular Company share. The guidelines should have been helpful. Small and medium investor who has lost confidence in the capital market due to steep fall in the prices which resulted into heavy loss to them.
10. Investment: At present the investment in capital market is treated as market for speculation and not for long term investment which is the basic purpose of capital market strength. Now the people who are investing are mainly are the dealers and speculators. What ever the people who were acting as investors making investment for long term will leave the market and go for other sort of protected investment which will cause heavy loss to the confidence of the Indian capital market. Infact the investment should be for a minimum period of 10 to 15 years in a company share and also the investors who feel happy in safety and returns in the form of dividend rights and bonus declared by the company from time to time.
11. Effect of Exchequer:- Many of the mutual funds, investors has invested there savings in the shares as traded in the share market. These organizations and individuals incurred heavy losses which resulted into reduction in there gains and erosion of their capitals which will cause heavy cash crunch, reduction in their incomes thereby reducing the tax collections from them.

On the basis of the above said situation there is a minimum necessity of Authorized Advisory organization which advises the investors for long term investment specifying the parameters of PE ratio, net asset value, return of capital and all other market base analysis. Also the investor should be cautioned where the share price quoting more than that particular industry PE ratio since the price may be fall at any time. Any share price quoting more than industry PE ratio is due to expecting boom and results into speculation which is highly risky for small and medium investors. The game of speculation can be played only by risk bearing institutions and who are having parked funds and accumulated earnings but not for who are entering into the market in a small level, for the long period and for the first time.

Regulatory Guidelines towards proper accounting statements

According to me the following are some of the steps required for proper Accounting Statements.

1. INTERNAL MANAGEMENTS:- Entire administration should be in the hands of Professional and accountable Persons. They should be made responsible for any irregularity in the area of their administration for Eg. Manufacturing section headed by Cost Accountants, Marketing headed by MBA with Marketing, Finance & Accounts by Chartered Accountants,
   etc.,.Internal Management should be made more strong, accountable than relying on externally appointed persons. Their opinion can be used as Guidance only.
2. AUDITORS:- The management should not be allowed to appoint the auditor for the following reasons since the loss incurred to the organization in not the loss only to shareholders but also it effects the following areas: –
   1. Waste of resources.
   2. Loss to creditors, financial institutions.
   3. Loss to customers, distributors, dealers.
   4. Loss to employees due to loss of employment.
   5. Loss to suppliers or raw materials.
   6. Loss to government as a whole.
   7. Loss to industry as a whole.
   8. Loss to image and goodwill of the group.
   9. Loss to investor’s confidence at large on corporate sector.
   10. Loss to net wealth of the company.
   11. Loss to productivity.
   12. Loss to quality.
   13. Loss to development as a whole.Therefore all the auditors should be appointed on employment basis only.
3. COST ANALYSIS:- Every Organization should appoint a Cost Analyst who will guide the organization after analyzing the information obtained from the organization for giving proper guidance for Cost reduction, improving productivity, waste reduction etc.,. This appointment also should be on empanelment basis only.
4. MANAGEMENT INFORMATION SYSTEMS:- Standardization formats, Standardized information should be passed on compulsorily to the management at regular intervals. The information should be correct & comparable. For wrong information the punishment must be severe.
5. SUPERVISION:- The top management should regularly supervise the internal management and information systems and any deficiency should be plugged. PLACEMENT:- Every placement has to be made according to Qualification & Experience
   only. Correct person at correct place with correct powers will give the best results.
6. ACCOUNTABILITY:- The responsible person should be able to be identified at every stage from top to bottom. So that he can be made responsible. Accountability should be at all levels whether lower or higher.
7. PERFORMANCE:- At every stage the performance of organization as a whole and individual constituent has to be analyzed so that the inefficient will be substituted.
8. CAPITAL PROPORTION:- The top management should be asked to have controlling capital contribution. So that they feel pinch of the loss, enjoy the fruits of the gain.
9. POLICY DECISIONS:- Policy decisions and objectives to be achieved are to be decided at the top level of management like the Board of Directors which should be asked to be followed at all levels of management & at lower levels.Overall, the internal management should be made more responsible & accountable for the success or failure of the organization.

60 YEARS OF INDEPENDENCE

I am herewith expressing my personal opinion and suggestions to be followed by the people who are at the helm of affairs to reach towards SURAJ.

1. Anti-discrimination: All citizens of the nation should be treated equally and accorded equal opportunities in employment, earning of income and esteem according to their ability and deserving, irrespective of caste, colour, creed, religion except depending upon their social and economical backwardness.
2. Productivity: The productivity of the nation from the natural resources should be maximized and wastage should be reduced by giving importance to quality and productivity of service. Prescribing the levels of the standard to be followed by the manufacturers and service providers. This step will reduce the un-productivity expenditure on sales, promotion, marketing and advertisement etc. More amount will be spent on raw material and labour etc.
3. Human resources: At present the human resources are grossly mis-used by employing for the purpose for other than those who have been educated and trained. For example, engineers and doctors are entering into financial services, revenue services for which they were not properly educated and trained by going through a Common examination which
   results into mis-utilization or wrong steps at the implementation stage.
4. Employment & Earning: All citizens of the nation should be provided employment depending upon their interest, capability, education-qualifications. The relation between the Education, training and employment should be un-detachable . Every service should be either at the professional level or semi-professional level. The education should also
   be accorded depending upon their capacity, quality of education, and tests he has gone through. The financial and social aspects should not be considered for admission to professional courses. Services at every level should be based on the education and training one has attained during his education period i.e. the education training and service provided should be co-related.
5. Investments: The investments made by individuals should be amply protected and rewarded with income and security by making the management responsible for its deficiency in service provided to the organisation. To achieve this purpose, the
   investments by the management in an organisation should not be less than 51% so that they can feel the pinch of loss. Also minimum 1/4th portion of profits should be distributed to shareholders in the form of dividends. Investments should not be treated as a speculative and gambling but it should be considered as infrastructure resource of the nation. To achieve this purpose of the investments in every sector may be in shares, real estates, business organisations, human resources, bonds, speculative and of other forms should be treated as valuable assets for investment.
6. Administration: The quality of administration should be of high standards by according and granting equal opportunity, equal responsibility to each class and equal tests and checks for each and every service and product i.e. there should not be any discrimination depending upon the strength and weakness of the individual and organisations. To be treated as a developed nation, the citizens should be made ıCitizens to obey the lawı as against developing nations character of ıCitizens above the law. In other words quality of administration should be impartial, no delay in service and based on facts and quality
   of service according to the requirement at the situations concerned. Honest should be protected and respected.
7. Policy Making: The National policy should be prescribed irrespective of the individual approaches and political performance by giving importance to the national importance without considering the name and fame to accredited to the policy maker i.e. the national importance and target to be achieved, policy to be followed procedural in implementation
   should be prescribed for the whole nation by the highest policy making authority. So that there cannot be any confusion in implementation towards national objectives when there is change in the ruling Government. There should not be any relation between the administration and policy making authority i.e. administration should be out of control of the policy making authority just like judiciary, election commission and others. The accountability of the administration creates a sense of responsibility and duty boundedness in the hands of the administration so that they cannot be influenced by the policy
   makers.
8. Objectives and targets: The national objectives and targets should be prescribed and the policy maker has to prepare policies to achieve the national objectives and targets by planning time bound frame works and guidelines for monitoring the administration should be answerable at every stage of the implementation with regarding with quality performance and timely service.
9. Messages: Every message in the form of any type of Media, entertainment, meetings should be monitored and controlled so as to maintain the national integrity and responsibility i.e. every message accountable and answerable when it reaches to the receipants. In other words there should not be democracy more than required in delivering messages in the form of news, views, media, entertainment and in any other form. Every message should be for positive approach and not for creating social hurdles.
10. Education: Education should be given top priority prescribing the highest quality of education and training at all level of students. As future of the nation is built in a Classroom. The quality of education should be for best character, subject, quality and time bound training and performance.
11. Social responsibilities: The citizens of the nation should be asked to follow the social responsibilities by not indulging, disturbing and abstructing the normal lives by calling for stoppage of works and blocking the moments on roads and doing anything harmful to the society either to individual or to society as a whole. All Natural resources should be protected and utilized for right purpose without any wastage.The above said opinions are purely of my personal. I expect a reply from your side and guide the
    political parties on these directions.