Thursday, July 20, 2006

Flat World and the Tax-net

Currently I am reading "The World is flat" by Thomas Friedman. I actually happened to see the documentary on the same on the discovery channel way before the book was published last year. He typically touches the aspect of the free market and how the technology has sort of " levelled the playground." He gives an analogy of how Columbus moved to west to find India and inadvertently landed discovering America. He then came to a conclusion that the world, really is round. Thomas says he moved east, to India, China, Japan et al and has come to a conclusion that World, invariably is flat. The idea was jump-sparked when he was having a discussion with Nandan Nilekani, the CEO of Infosys.
I am through the first chapter where he says that the changes tooke place while "he was sleeping." Apparently we all were, until the book was published. In the 2nd chapter he enlists 10 forces that have helped flattening the world. Its going to be an interesting journey.
The Tax-net is closing in. If you are a credit card holder, with annual expenses accounting to more than 2 Lacs, and you have not submitted your PAN (Permanent Account Number), you are in for a surprise. The IRD is going to scrutinize all those applicants and take an action against them. Be sure to pay your taxes, especially those in the bracket of 8 Lacs-10 Lacs. Wow!.Sure big money involved here. But let me remind you, dont expect this to reflect on the country's infrasrtucture immediately.
Oh! By the way, we are on and running again as the Blogspot as a whole domain is not going to be blocked by the ISP. It is that blogs which contain objectional anti-national content that will face the music.

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