Thursday, January 28, 2010
About EOUs
1. EXPORT ORIENTED UNIT (EOU)
1.1 .Introduction
1.2 Approvals for EOUs
1.3 Approvals for EOUs
1.4 EOU Scheme Features
1.5 EOUs & FDI
1.6 EOUs and Foreign Exchange
1.7 EOU and policy
1 EOU Scheme-Overview
1.1.1 Introduction: -
1. Units undertaking to export their entire production of goods and services may be set up under the Export Oriented Unit (EOU) Scheme
2. EOUs can get a location of their choice Customs-bonded anywhere in India
– For setting up an EOU in Karnataka, Kerala, Lakshadweep or Mahe, apply to Development Commissioner, Cochin SEZ
3. EOUs can import without duties, all capital goods and raw materials for running the unit.
a. EOUs can procure these items from Indian sources also without excise duties and sales taxes
4. EOUs can sell upto 50% of FOB value of exports in the Indian market at confessional duties
5. New EOUs get Corporate Income Tax concessions till 2009
1.1.2 Approvals for EOUs
1. EOUs are given approval for manufacture of goods, including re-furbishing, as well as for rendering of services including bio-technology, BPO, Call Centers, IT enabled Services. An EOU may also engage in mining, agriculture, aquaculture, floriculture, or horticulture.
2. Trading by EOUs is not permitted
– Minimum Investment for approval as an EOU should be Rs.10 million in plant &machinery.
3. Software /services/ handicrafts/ agriculture/ floriculture/ aqua-culture/ animal husbandry/ information technology are exempted from this size restriction.
1.1.3Approvals for EOU
1. Licenses are required for
Manufacturing arms and ammunition, atomic substances, narcotics/psychotropic substances, and tobacco products
Establishing EOUs in Bangalore and Cochin city limits (unless it is a non-polluting sector EOU, or is located in an industrial estate within the city)
2. Approvals for licensable activity and services are given by the Board of Approvals in the Commerce Ministry
Applications are to be routed through the Development Commissioner
3. Approval (called Letter of Permission (LOP)) for non-licensable manufacturing activity is given locally by the Development Commissioner
4. Relevant forms are available at
1.1.4 EOU Scheme Features
1) EOUs may export all products except prohibited items of exports
2) EOUs may import without duty all types of goods, including capital goods required for its activities, unless they are prohibited for import
3) Even second hand plant & machinery can be imported.
4) Capital Goods can be purchased, loaned, sourced from foreign/domestic leasing companies or brought free of cost.
5) EOUs get upto 5 years for utilization of imported capital goods, and upto 3 years for other items.
1.1..5 EOUs & FDI
1) 100% FDI in manufacturing EOUs is permitted under the automatic route of the Reserve Bank of India
i.e. first bring in the money, and then inform Reserve Bank of India’s local office in Form FC(RBI) within 30 days of receipt
2) Also under the automatic route for EOUs are
3) External Commercial Borrowing upto USD 50 million, with maturities of 3 years or more, for funding and running the unit.
4) Use of brand names/trademarks, if royalty is upto 2% on exports and 1% on domestic sales, without technology transfer
5) Foreign technology tie-ups, if lump sum payment does not exceed USD 2 million, and if royalty is upto 5% on domestic sales and 8% on exports, even for wholly owned subsidiaries
1.1.6 EOUs and Foreign Exchange
1) EOUs may freely repatriate investment & returns abroad
2) EOUs need to bring export proceeds to India only within 360 days of export
3) And even then, upto 100% may be retained in foreign currency in the unit’s EEFC Account
4) EOUs may invoice sales to other EOUs etc in foreign exchange
5) EOUs may invoice sales to Indian entities other than EOUs also in foreign exchange sourced from their EEFC account or abroad
1.2 EOU and its Concessions
1.2.1 Tax Concessions for EOUs
New EOUs are entitled under to Corporate Income Tax exemption on physical exports out of India till 2009
A. Central Sales Tax is reimbursed on purchases from local manufacturers
B. Supplies from local manufacturers are free of Central Excise Duty
In case duties are paid, Terminal Excise Duty is reimbursed
C) EOUs in manufacturing sector get exemption from State Sales Tax on inputs (excepting fuel)
1.2.2 EOU Scheme & DTA entities
• Existing Indian entities can open a new EOU under the same legal entity
– But the EOU division must maintain separate accounts, including separate Bank accounts
• DTA units can also convert to EOU scheme
– Units working with EPCG /Advance Licensing can also convert to EOU scheme
– There pending license obligations will be subsumed into the EOU scheme.
– But to be eligible for Corporate Income Tax concessions under section 10B, it has to be ensured that old assets do not exceed 20% of total assets of the EOU
1.2.3 EOUs & Customs Department
• EOUs have to get their premises bonded by the local Customs/ Central Excise Department, and function under their supervision
• They can get a location of their choice so bonded.
– All duty-free items have to be brought here first.
• One single multi-purpose bond with the Customs /Central Excise Department, called the B 17 Bond, suffices for all operations.
• While there is no physical control, there is record-based control
– EOU has to maintain proper account of the import, consumption and utilisation of all imported/locally procured materials and exports made and submit them periodically to the Customs.
• Duty foregone under the EOU scheme with interest is recoverable in case of fraudulent activity (along with prosecution & penalties)
1.3 Obligations of EOUs
1.3.1 Export Obligations of EOUs
EOUs have only to be foreign exchange positive FE Inflows> FE Outflows
Where
• FE Inflows = Export earnings (Direct Exports+ Exports through Third Parties + Inter-unit Sales + Exports to EOU/SEZ/STP/EHTPs)
• FE Outflows = Foreign Exchange outgo on imports of Raw materials/consumables + FE payments of commission/ royalty/ fees/ dividends/ interest on ECB + share of amortized value of capital goods imported
Imported capital goods are amortized over 10 years; only amortized amount is included in NFE calculation
Values are included in the calculation even if the imports are not actually paid for.
1.3.2 EOU Scheme- Duty-free Supplies from Indian Market
Supplies from Indian manufacturers to EOUs are classified as deemed exports, and the suppliers are eligible for
Advance Licence for import of intermediate inputs
Deemed Export Duty Drawback
Discharge of export performance obligation on the supplier
EOUs may obtain, on production of a suitable disclaimer from the suppliers, the duty drawback and refund of Terminal Excise Duty
1.3.3 EOUs’ Access to Indian Market
A. Sales to the Indian Market
EOUs can sell duty-free to other EOU /SEZ /STP /EHTPs etc
EOUs can sell on full duties in the DTA against foreign currency (from EEFC account or from abroad)
This also counts for NFE.
Apart from the above,
EOUs can sell unto 50% of FOB value of physical exports to the DTA at confessional duties
EOUs can sell over and above that at full duties, subject to NFE being positive
B. EOU Sales to other EOUs
EOU’s Sales are duty-free to Indian entities like
SEZ /EOU /EPZ /STP /EHTP units,
Advance License Holders,
Bonded Warehouses &
Educational institutions, defense establishments, other agencies notified by Government of India as eligible for duty-free imports.
These sales count for computation of NFE.
But they do not count as physical exports.
They can be invoiced in foreign currency or in Indian currency.
C. EOUs & Subcontracting
EOUs can subcontract up to 50% of production or part of production process to units in the EOU or Indian manufacturers.
EOUs may temporarily take to the job worker’s premises jigs, moulds, tools, fixtures, tackles, instruments, hangers, patterns & drawings for job work
EOUs can even subcontract to units abroad
EOUs can import raw materials & components free of cost for job-working and return.
EOUs can undertake job-work for export on behalf of local manufacturers.
1.7 EOU and policy
1.7. EOU Scheme: Exit Policy
Units can de-bond without paying duties capital goods they have used for 10 years Software units can de-bond on duty-free basis after 3 years. Units can wind up their operations on meeting their export obligations by
Exporting back any imported capital goods and other material, or transferring them to another SEZ/EOU unit, or
Destroying the items in Customs presence, or
Donation on gratis basis to educational institutions, or
De-bonding on payment of duty on capital goods under the EPCG Scheme as a one time option, or
De-bonding all duty-foregone items by paying duties at current rates on unutilised raw materials (imported value) and on capital goods (on depreciated value only) and selling them in the DTA.
1.7.2EOU Scheme: Exit Policy
In case of failure to achieve positive NFE, duty foregone under the EOU scheme with interest is recoverable in proportion to the shortfall in NFE
If the unit has not met positive NFE, de-bonding shall also be subject to payment of penalties under the Foreign Trade (Development & Regulation) Act, 1992, and under the Customs Act, 1960
1.7.3EOU Scheme: Who can operate
• To run manufacturing activities foreign companies need to set up an Indian Company
– The Indian Company has to have independent legal status, distinct from the parent foreign company.
– The Company may be a wholly-owned subsidiary, or a joint venture company in financial collaboration with an Indian company in India.
• A Company registered in India can start an EOU unit without starting a new legal entity: separate accounts suffice
1.7.4How to Contact
• For more details of Indian EOUs, see website http://eouindia.com
• For details of EOUs with the Development Commissioner, CSEZ, see www.cepz.com/sez/heou/index.htm
– especially the “How To Apply” section at http://www.cepz.com/eouhowtoapply
• Contact CSEZ office
at Cochin mail@csez.com
Phone in at ++91-484-2413222
at Bangalore adcblr@csez.com
Phone in at 080-25714874
1.1 .Introduction
1.2 Approvals for EOUs
1.3 Approvals for EOUs
1.4 EOU Scheme Features
1.5 EOUs & FDI
1.6 EOUs and Foreign Exchange
1.7 EOU and policy
1 EOU Scheme-Overview
1.1.1 Introduction: -
1. Units undertaking to export their entire production of goods and services may be set up under the Export Oriented Unit (EOU) Scheme
2. EOUs can get a location of their choice Customs-bonded anywhere in India
– For setting up an EOU in Karnataka, Kerala, Lakshadweep or Mahe, apply to Development Commissioner, Cochin SEZ
3. EOUs can import without duties, all capital goods and raw materials for running the unit.
a. EOUs can procure these items from Indian sources also without excise duties and sales taxes
4. EOUs can sell upto 50% of FOB value of exports in the Indian market at confessional duties
5. New EOUs get Corporate Income Tax concessions till 2009
1.1.2 Approvals for EOUs
1. EOUs are given approval for manufacture of goods, including re-furbishing, as well as for rendering of services including bio-technology, BPO, Call Centers, IT enabled Services. An EOU may also engage in mining, agriculture, aquaculture, floriculture, or horticulture.
2. Trading by EOUs is not permitted
– Minimum Investment for approval as an EOU should be Rs.10 million in plant &machinery.
3. Software /services/ handicrafts/ agriculture/ floriculture/ aqua-culture/ animal husbandry/ information technology are exempted from this size restriction.
1.1.3Approvals for EOU
1. Licenses are required for
Manufacturing arms and ammunition, atomic substances, narcotics/psychotropic substances, and tobacco products
Establishing EOUs in Bangalore and Cochin city limits (unless it is a non-polluting sector EOU, or is located in an industrial estate within the city)
2. Approvals for licensable activity and services are given by the Board of Approvals in the Commerce Ministry
Applications are to be routed through the Development Commissioner
3. Approval (called Letter of Permission (LOP)) for non-licensable manufacturing activity is given locally by the Development Commissioner
4. Relevant forms are available at
1.1.4 EOU Scheme Features
1) EOUs may export all products except prohibited items of exports
2) EOUs may import without duty all types of goods, including capital goods required for its activities, unless they are prohibited for import
3) Even second hand plant & machinery can be imported.
4) Capital Goods can be purchased, loaned, sourced from foreign/domestic leasing companies or brought free of cost.
5) EOUs get upto 5 years for utilization of imported capital goods, and upto 3 years for other items.
1.1..5 EOUs & FDI
1) 100% FDI in manufacturing EOUs is permitted under the automatic route of the Reserve Bank of India
i.e. first bring in the money, and then inform Reserve Bank of India’s local office in Form FC(RBI) within 30 days of receipt
2) Also under the automatic route for EOUs are
3) External Commercial Borrowing upto USD 50 million, with maturities of 3 years or more, for funding and running the unit.
4) Use of brand names/trademarks, if royalty is upto 2% on exports and 1% on domestic sales, without technology transfer
5) Foreign technology tie-ups, if lump sum payment does not exceed USD 2 million, and if royalty is upto 5% on domestic sales and 8% on exports, even for wholly owned subsidiaries
1.1.6 EOUs and Foreign Exchange
1) EOUs may freely repatriate investment & returns abroad
2) EOUs need to bring export proceeds to India only within 360 days of export
3) And even then, upto 100% may be retained in foreign currency in the unit’s EEFC Account
4) EOUs may invoice sales to other EOUs etc in foreign exchange
5) EOUs may invoice sales to Indian entities other than EOUs also in foreign exchange sourced from their EEFC account or abroad
1.2 EOU and its Concessions
1.2.1 Tax Concessions for EOUs
New EOUs are entitled under to Corporate Income Tax exemption on physical exports out of India till 2009
A. Central Sales Tax is reimbursed on purchases from local manufacturers
B. Supplies from local manufacturers are free of Central Excise Duty
In case duties are paid, Terminal Excise Duty is reimbursed
C) EOUs in manufacturing sector get exemption from State Sales Tax on inputs (excepting fuel)
1.2.2 EOU Scheme & DTA entities
• Existing Indian entities can open a new EOU under the same legal entity
– But the EOU division must maintain separate accounts, including separate Bank accounts
• DTA units can also convert to EOU scheme
– Units working with EPCG /Advance Licensing can also convert to EOU scheme
– There pending license obligations will be subsumed into the EOU scheme.
– But to be eligible for Corporate Income Tax concessions under section 10B, it has to be ensured that old assets do not exceed 20% of total assets of the EOU
1.2.3 EOUs & Customs Department
• EOUs have to get their premises bonded by the local Customs/ Central Excise Department, and function under their supervision
• They can get a location of their choice so bonded.
– All duty-free items have to be brought here first.
• One single multi-purpose bond with the Customs /Central Excise Department, called the B 17 Bond, suffices for all operations.
• While there is no physical control, there is record-based control
– EOU has to maintain proper account of the import, consumption and utilisation of all imported/locally procured materials and exports made and submit them periodically to the Customs.
• Duty foregone under the EOU scheme with interest is recoverable in case of fraudulent activity (along with prosecution & penalties)
1.3 Obligations of EOUs
1.3.1 Export Obligations of EOUs
EOUs have only to be foreign exchange positive FE Inflows> FE Outflows
Where
• FE Inflows = Export earnings (Direct Exports+ Exports through Third Parties + Inter-unit Sales + Exports to EOU/SEZ/STP/EHTPs)
• FE Outflows = Foreign Exchange outgo on imports of Raw materials/consumables + FE payments of commission/ royalty/ fees/ dividends/ interest on ECB + share of amortized value of capital goods imported
Imported capital goods are amortized over 10 years; only amortized amount is included in NFE calculation
Values are included in the calculation even if the imports are not actually paid for.
1.3.2 EOU Scheme- Duty-free Supplies from Indian Market
Supplies from Indian manufacturers to EOUs are classified as deemed exports, and the suppliers are eligible for
Advance Licence for import of intermediate inputs
Deemed Export Duty Drawback
Discharge of export performance obligation on the supplier
EOUs may obtain, on production of a suitable disclaimer from the suppliers, the duty drawback and refund of Terminal Excise Duty
1.3.3 EOUs’ Access to Indian Market
A. Sales to the Indian Market
EOUs can sell duty-free to other EOU /SEZ /STP /EHTPs etc
EOUs can sell on full duties in the DTA against foreign currency (from EEFC account or from abroad)
This also counts for NFE.
Apart from the above,
EOUs can sell unto 50% of FOB value of physical exports to the DTA at confessional duties
EOUs can sell over and above that at full duties, subject to NFE being positive
B. EOU Sales to other EOUs
EOU’s Sales are duty-free to Indian entities like
SEZ /EOU /EPZ /STP /EHTP units,
Advance License Holders,
Bonded Warehouses &
Educational institutions, defense establishments, other agencies notified by Government of India as eligible for duty-free imports.
These sales count for computation of NFE.
But they do not count as physical exports.
They can be invoiced in foreign currency or in Indian currency.
C. EOUs & Subcontracting
EOUs can subcontract up to 50% of production or part of production process to units in the EOU or Indian manufacturers.
EOUs may temporarily take to the job worker’s premises jigs, moulds, tools, fixtures, tackles, instruments, hangers, patterns & drawings for job work
EOUs can even subcontract to units abroad
EOUs can import raw materials & components free of cost for job-working and return.
EOUs can undertake job-work for export on behalf of local manufacturers.
1.7 EOU and policy
1.7. EOU Scheme: Exit Policy
Units can de-bond without paying duties capital goods they have used for 10 years Software units can de-bond on duty-free basis after 3 years. Units can wind up their operations on meeting their export obligations by
Exporting back any imported capital goods and other material, or transferring them to another SEZ/EOU unit, or
Destroying the items in Customs presence, or
Donation on gratis basis to educational institutions, or
De-bonding on payment of duty on capital goods under the EPCG Scheme as a one time option, or
De-bonding all duty-foregone items by paying duties at current rates on unutilised raw materials (imported value) and on capital goods (on depreciated value only) and selling them in the DTA.
1.7.2EOU Scheme: Exit Policy
In case of failure to achieve positive NFE, duty foregone under the EOU scheme with interest is recoverable in proportion to the shortfall in NFE
If the unit has not met positive NFE, de-bonding shall also be subject to payment of penalties under the Foreign Trade (Development & Regulation) Act, 1992, and under the Customs Act, 1960
1.7.3EOU Scheme: Who can operate
• To run manufacturing activities foreign companies need to set up an Indian Company
– The Indian Company has to have independent legal status, distinct from the parent foreign company.
– The Company may be a wholly-owned subsidiary, or a joint venture company in financial collaboration with an Indian company in India.
• A Company registered in India can start an EOU unit without starting a new legal entity: separate accounts suffice
1.7.4How to Contact
• For more details of Indian EOUs, see website http://eouindia.com
• For details of EOUs with the Development Commissioner, CSEZ, see www.cepz.com/sez/heou/index.htm
– especially the “How To Apply” section at http://www.cepz.com/eouhowtoapply
• Contact CSEZ office
at Cochin mail@csez.com
Phone in at ++91-484-2413222
at Bangalore adcblr@csez.com
Phone in at 080-25714874
Love & Marriage
A student asks a teacher, "What is love?"
The teacher said, "in order to answer your question, go to the wheat field and choose the biggest wheat and come back.
But the rule is: you can go through them only once and cannot turn back to
pick."
The student went to the field, go thru first row, he saw one big wheat, but he wonders..may be there is a bigger one later.
Then he saw another bigger one.. But may be there is an even bigger one waiting for him.
Later, when he finished more than half of the wheat field, he start to realize that the wheat is not as big as the previous one he saw, he know he has missed the biggest one, and he regretted.
So, he ended up went back to the teacher with empty hand.
The teacher told him, "..this is love.. You keep looking for a better one, but when later you realize, you have already miss the person.."
"What is marriage then?" the student asked.
The teacher said, "in order to answer your question, go to the corn field and choose the biggest corn and come back. But the rule is: you can go through them only once and cannot turn back to pick."
The student went to the corn field, this time he is careful not to repeat the previous mistake, when he reach the middle of the field, he has picked one medium corn that he feel satisfy, and come back to the
teacher.
The teacher told him, "This time you bring back a corn... You look for one that is just nice, and you have faith and believe this is the best one you get..
This is marriage."
The teacher said, "in order to answer your question, go to the wheat field and choose the biggest wheat and come back.
But the rule is: you can go through them only once and cannot turn back to
pick."
The student went to the field, go thru first row, he saw one big wheat, but he wonders..may be there is a bigger one later.
Then he saw another bigger one.. But may be there is an even bigger one waiting for him.
Later, when he finished more than half of the wheat field, he start to realize that the wheat is not as big as the previous one he saw, he know he has missed the biggest one, and he regretted.
So, he ended up went back to the teacher with empty hand.
The teacher told him, "..this is love.. You keep looking for a better one, but when later you realize, you have already miss the person.."
"What is marriage then?" the student asked.
The teacher said, "in order to answer your question, go to the corn field and choose the biggest corn and come back. But the rule is: you can go through them only once and cannot turn back to pick."
The student went to the corn field, this time he is careful not to repeat the previous mistake, when he reach the middle of the field, he has picked one medium corn that he feel satisfy, and come back to the
teacher.
The teacher told him, "This time you bring back a corn... You look for one that is just nice, and you have faith and believe this is the best one you get..
This is marriage."
HOW TO IDENTIFY DIFFERENT CITIES OF INDIA
>
> (Don't miss
> last one)
>
>
>
> Scenario 1
> Two guys are fighting and a third guy comes along, then a
> fourth and they start arguing about who's right. You are
> in Kolkata
>
>
>
>
> Scenario 2
> Two guys are fighting and a
> third guy comes along, sees them and walks on. That's
> "Amchi
> Mumbai"...busy
> place dude...
>
>
> Scenario 3
> Two guys are fighting and a third guy comes along &
> tries to make peace.. The first two get together & beat
> him up. That's
> Delhi
>
>
>
>
> Scenario 4
> Two guys are fighting. A crowd gathers to watch. A guy
> comes along and quietly opens a chai-stall That's
> Ahmedabad
> .
>
>
> Scenario 5
> Two guys are fighting and a third guy comes he Writes a
> software program to stop the fight. But the fight
> doesn't stop b'cos of a bug in the program.
> That's Bangalore.
>
>
>
>
> Scenario 6
> Two guys are fighting. A crowd gathers to watch. A Guy
> comes along and quietly says that "AMMA"
> doesn't Like all this nonsense. Peace comes in.
> That's Chennai.
>
>
> Scenario 7
> Two guys are fighting. Both of them take time out and call
> their friends on their mobiles Now 50 guys are fighting. You
> are DE FIN ITELY some town IN
> PUNJAB!!!
>
>
> Scenario 8
> Two guys are fighting. Third guy comes along with a carton
> of beer. All sit together drinking beer and abusing each
> other and all go home as friends. You are in
> Goa.
>
>
> Scenario 9
> Two guys are fighting. Third guy comes and resolve their
> fight with the help of others passing over
> their.
>
> You are in the Heart of India -SOME
> TOWN
> IN M.P.
>
> Scenario 10
> Two guys are fighting. Third guy comes from nearby house.
> And says" aamchya gharasamor bhandu naka, dusarikade
> jaun bhanda ( dont fight in front of my place, go somewhere
> else and keep fighting)". That's
> Pune
> for sure!!!
>
>
> (Don't miss
> last one)
>
>
>
> Scenario 1
> Two guys are fighting and a third guy comes along, then a
> fourth and they start arguing about who's right. You are
> in Kolkata
>
>
>
>
> Scenario 2
> Two guys are fighting and a
> third guy comes along, sees them and walks on. That's
> "Amchi
> Mumbai"...busy
> place dude...
>
>
> Scenario 3
> Two guys are fighting and a third guy comes along &
> tries to make peace.. The first two get together & beat
> him up. That's
> Delhi
>
>
>
>
> Scenario 4
> Two guys are fighting. A crowd gathers to watch. A guy
> comes along and quietly opens a chai-stall That's
> Ahmedabad
> .
>
>
> Scenario 5
> Two guys are fighting and a third guy comes he Writes a
> software program to stop the fight. But the fight
> doesn't stop b'cos of a bug in the program.
> That's Bangalore.
>
>
>
>
> Scenario 6
> Two guys are fighting. A crowd gathers to watch. A Guy
> comes along and quietly says that "AMMA"
> doesn't Like all this nonsense. Peace comes in.
> That's Chennai.
>
>
> Scenario 7
> Two guys are fighting. Both of them take time out and call
> their friends on their mobiles Now 50 guys are fighting. You
> are DE FIN ITELY some town IN
> PUNJAB!!!
>
>
> Scenario 8
> Two guys are fighting. Third guy comes along with a carton
> of beer. All sit together drinking beer and abusing each
> other and all go home as friends. You are in
> Goa.
>
>
> Scenario 9
> Two guys are fighting. Third guy comes and resolve their
> fight with the help of others passing over
> their.
>
> You are in the Heart of India -SOME
> TOWN
> IN M.P.
>
> Scenario 10
> Two guys are fighting. Third guy comes from nearby house.
> And says" aamchya gharasamor bhandu naka, dusarikade
> jaun bhanda ( dont fight in front of my place, go somewhere
> else and keep fighting)". That's
> Pune
> for sure!!!
>
>
Why INDIA is in trouble
Why INDIA is in trouble..... ........ ......... .....
Population: 100 crore
9 crore retired
30 crore in state Govt;
17 crore in central Govt.
(Both categories don't work)
1 crore IT professional (don't work for India )
25 crore in school
1 crore are under 5 years
15 crore unemployed
1.2 crore u can find anytime in hospitals
Statistics says u find 79,99,998 people anytime in jail
The Balance two are U & Me.
U are busy " checking Mails /sending fwds.. "..!!
HOW CAN I HANDLE INDIA alone?
Population: 100 crore
9 crore retired
30 crore in state Govt;17 crore in central Govt.
(Both categories don't work)
1 crore IT professional (don't work for India )
25 crore in school
1 crore are under 5 years
15 crore unemployed
1.2 crore u can find anytime in hospitals
Statistics says u find 79,99,998 people anytime in jail
The Balance two are U & Me.
U are busy " checking Mails /sending fwds.. "..!!
HOW CAN I HANDLE INDIA alone?
though i am struggling......for my nation.
Subscribe to:
Posts (Atom)