|
Mutual Benefit Coupon System is the only solution to all these problems. It is a
comprehensive system based on reward and incentive (jaza). Under this economic
system government like a colossal commercial entity offers discount on the
ommodities and services, the prices of which are under its direct control. This discouni
is enormous for a limited period of time.
In order to pass the benefit of lower prices to public, government shall fix two price
levels of all the goods and services, which are under its control.
|
| 1. |
Artificial Price (Present Price). |
| 2. |
Discounted Price (Less 60 % indirect taxation) |
|
An Artificial Price is the prevailing market price and a Discounted Price Level shall be 40 to 60% lesser than the current price (not lesser than the original cost and carries a largin of 10%). The discounted prices shall be available if a certain number of coupom
(difference of present and discounted prices) are paid along with rupee value.
Hence this system is based on two equations:
|
| i. |
No. of Coupons |
= |
Present Price Subsidized Price. |
| ii. |
Actual Price |
= |
Subsidized Price + Cost of Coupons |
|
Equation i. computes the number of coupons required to be paid and the equation ii. calculates the actual price to be sustained by the consumer. If we look at the Coupon Discount Table (Next Page) it reveals that higher the amount spend on buying coupons more coupons are available. These coupons shall be offered at discounted rates (lower than face value) for a specific concessionary period with certain conditions. th first onth of the financial year 6 coupons per rupee shall be offered against Rs. 100,000/- o ts multiples. In second month this incentive shall be reduced to 5 coupons per rupee. In
.hird month this incentive shall further be reduced to 4 coupons per rupee and in fourth month and onwards 3 coupons per rupee shall be available (for details see Table-I on
next page). The price of these coupons varies from 50.00 paisas to 16.67 paisas
depending upon time and money spent on the purchase of these coupons.
|
| The massive incentive offered above will persuade public to buy coupons in large 4uantities thus generating enormous revenue for the government in the very early days f the fmancial year. Government can then invest these abundant revenues in social and )ublic welfare projects and bring prosperity to the nation for which they are waiting for he last 55 years. It should be born in mind that these coupons are not debt to the Govt. these are non refundable and the Govt. does not pay any interest except that in return these coupons reduce the indirect taxation to great extent and hence the commodities
and services become very cheap. |
|
| |
What is the solution?
