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PDF Editor FAQ

Friend asks for money for mother's hospital bill. What should I do?

If you have the money and it won't effect you, give it to them as a gift.Don't loan it to them. That's a recipe for disaster, even if you have them sign a promissory note. It will end the friendship or strain it beyond repair.

Was there a better way that Narendra Modi could have handled the demonetisation and the lockdown?

Absolutely - For Demonetization he could haveDemonetization could have been made so much more efficient and betterAll he had to do was the following:-(a) Announce Decision to Demonetize all 500s and 1000 notes on 8th September 2016 and give upto 60 days for people to get all their 500s and 1000s replaced.(b) Announce that from 9th September 2016- No Individual could deposit more than Rs. 2 Lacs in Cash into all Savings Accounts linked to their PAN Number (Either 2 Lac in a Single Account or Rs. 40 K into 5 Accounts or any ratio) OR 5* Highest Daily Balance for the last 180 days - whichever is lesserIndividuals whose accounts are NOT linked with PAN number - can deposit only a maximum of Rs. 10,000/- in CASH.This means Benamis cannot deposit Rs. 2 Lacs into a SB account where the daily balance has never exceeded Rs. 10,000/-. They can only deposit Rs. 50,000/- in cash.(c) Announce that every Cash deposit into a SB Account which was higher than Rs. 2 Lacs or 5 times the Highest Daily Balance for last 180 days (Whichever is lesser) - outright 40% will be deducted as Tax which can be reclaimed by the depositor if the depositor feels the money is entitled to do so. This means if a Depositor deposited Rs. 5 Lacs into his SB Account - he has to pay Rs. 1.2 Lacs as Tax outright.(d) Announce that After 8th November 2016 - Any Individual Pan Card Holder having more than Rs. 2 Lacs in Cash (In Any Denomination) - shall have the excess cash confiscated and not be eligible for any refund, the excess cash shall be deposited into the PM Relief Fund and the Rozgar Yojna Fund. [Amount is enhanced to Rs. 10 Lacs Cash for Weddings or Hospital Expenses]This means if there is a raid on a house and there are 3 Resident pAN Card Holders - then maximum of Rs. 6 Lacs cash can be on the premises. If there is 40 lacs - then 34 Lacs will be outrightly confiscated with no refunds.For organizations this amount shall be Rs. 10 Lacs cash maximum for a 24 hour period. So Textile Shops and Major Establishments which deal in cash must mandatorily deposit their cash with the Bank within 24 hours or face confiscation of the entire cash with no refunds.(e) From 9.9.2016 to 31.3.2017 - Withdrawal from Bank in Cash shall be restricted to:-Upto a maximum of Rs. 1 Lac a month from all SB Accounts for Individuals whose PAN Cards are linked to their accountsUpto a maximum of Rs. 10,000/- a month from all SB Accounts for Individuals whose PAN Cards are NOT linked to their accounts(f) From 9.9.2016 to 31.3.2017 - RUPAY Cards shall not deduct any commission or charges for Swiping Credit Cards at Outlets by Customers. Additionally Govt of India shall provide a Bonus of Rs. 1/- for every Rs. 1000/- of Digital Transactions in the form of Tax Credits to the Retail Outlet.This way shall ensure Corruption is really eliminated to a good extent because People with Black money simply cannot deposit the cash into bank accounts without paying 40% to the Income Tax Departmentand Benamis will not work because Benami Accounts cannot be deposited with more than 5 times the Highest Daily Balance (Meaning if HDB was Rs. 1000/- - then only Rs. 5000/- cash can be deposited in the Benami account from 9/9/2016 to 31/3/2017)This way India could have had Rs. 15.94 Trillion demonetized and only Rs. 10.64 Trillion returned which means around Rs. 5.30 Trillion benefit to the economy instead of a Rs. 67000 Crore loss.Punitive Laws:-(a) From 9.9.2016 - No person must lend money to another person in Cash unless a Promissory Note is Executed if the Sum is more than Rs. 2 Lacs. Likewise No Person must engage in any transaction where more than Rs. 2 Lacs is involved. Any Person who engages in any transaction where more than Rs. 2 Lacs is involved - SHALL NOT HAVE PROTECTION OF POLICE OR COURTSMeaning a Guy who has lent another guy Rs. 2 Lacs in Cash without a Promissory note - cannot find justice in Police Station or Court which will dismiss the case outright because of the Cash Component. Same with 138 NI Act.(b) From 1.1.2017 - Any Hospital which accepts more than Rs. 2 Lacs Cash on a single Bill will have to notify the PAN Card Number of the person paying Cash to the Government. Any Hospital not notifying the Govt shall be imposed a fine of not less than Rs. 10 lacs which can extend upto Rs. 1 Crore and / or upto 2 Months Imprisonment for the Accounts Department Executives involved in the transactionSame for Gold Showrooms, Auto Showrooms (Car Showrooms etc)Instead in his typical haphazard manner - he wiped out the Economy.

Does a Canadian province have some degree of self-governing similar to a US state?

Federal and provincial responsibilities are split, as they are in the States, but the division is different. For example, all criminal law is federal. Provincial offences exist for matters under provincial control. Any matters that are not spelled out in the constitution are, by default, federal. A few are shared.The division of responsibilities is spelled out in the Constitution Act (1867). These are the exclusively federal areas of responsibility.1A. The Public Debt and Property. (45)2. The Regulation of Trade and Commerce.2A. Unemployment insurance. (46)3. The raising of Money by any Mode or System of Taxation.4. The borrowing of Money on the Public Credit.5. Postal Service.6. The Census and Statistics.7. Militia, Military and Naval Service, and Defence.8. The fixing of and providing for the Salaries and Allowances of Civil and other Officers of the Government of Canada.9. Beacons, Buoys, Lighthouses, and Sable Island.10. Navigation and Shipping.11. Quarantine and the Establishment and Maintenance of Marine Hospitals.12. Sea Coast and Inland Fisheries.13. Ferries between a Province and any British or Foreign Country or between Two Provinces.14. Currency and Coinage.15. Banking, Incorporation of Banks, and the Issue of Paper Money.16. Savings Banks.17. Weights and Measures.18. Bills of Exchange and Promissory Notes.19. Interest.20. Legal Tender.21. Bankruptcy and Insolvency.22. Patents of Invention and Discovery.23. Copyrights.24. Indians, and Lands reserved for the Indians.25. Naturalization and Aliens.26. Marriage and Divorce.27. The Criminal Law, except the Constitution of Courts of Criminal Jurisdiction, but including the Procedure in Criminal Matters.28. The Establishment, Maintenance, and Management of Penitentiaries.Provinces set their own taxes, borrow on their own credit, control health, education, credit unions, natural resources, and so on.

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