US-Trump vs Russia-Putin| Vaccine Nationalism| Oxford- Madorna-Bharath-Bio-Sputhnic V| which is reliable?

Russia officially launched a Covid Vaccine Sputhnic V, president Putin declared the 1st dose of Sputhnic V given to his daughter too. US president Trump gave a statement that Russia Vaccine is not reliable. Britain's Oxford Vaccine AustraZeneca under Clinical trail, Bharath Bio Tech also under 2nd phase clinical trails. Vaccine Nationalism raises all over the world, instead of Global cooperation among countries Vaccine Nationalism is developing this is not a good sign. In the decade of 1950-60 also space nationalism was there.

Globally 165 Vaccine researches have started, 31 among those are under progress and US Madorna Institute of medical sciences, Britain's Oxford Austrazeneca, India's Bharath Bio Tech COVAX, China vaccine are under top list.

Developing Phases and research data has to share and updates to WHO and the chief scientists and expert members reviews has to consider and guidelines has to follow,comments has to discuss on the factors like safety, efficacy and durability of the vaccine. Then only adverse effects after vaccination can be eliminated.

Research and human clinical trails data has to publish in the top medical journals like Lancet,New England Journal of Medicine etc, and reviews of experts all over the world taken in to consideration. These reviews and discussions and debatable issues can eliminate the risk and side effects after vaccination.

How are Vaccines developed?
Animal trails

Human clinical trails has to conduct on different regions, places, healthy people, people who are suffering from long term health issues, pregnant women, children, senior citizens etc.

Safety, efficacy and durability of the vaccine has to test in the stages of human clinical trials.

Weak immune response

Neutralising antibodies has to develop
Original Antigen Sin should avoid.

Less adverse effects

In the journal Bio Statistics by MIT group of scientists in the survey and research on 4.06 Lakh human clinical trials of Vaccine/ drug developments taken into consideration and finally concluded that phase 1 and 2 success rate is 58% phase 3 success rate is 85%

Actual vaccine development tools 10years but because of urgency entire world is trying to develop as early i.e 1 or 2years

In one of the famous journal Nature published that in a person who have recovered from Covid-19, after recovery antibodies withstand up to the period of 2-3 months after that there is a chance of attack of Covid. So this indicates the durability of the vaccine.

Russia- Putin Vaccine-Reliability

US- Trump Reseach- Statements

Vaccine Nationalism is developing in the countries which Covid vaccine research is going on. Vaccine race,  thinking about own identity and comercial aspect of the vaccine marketing  all these collective effect may become danger to the man kind. Because in the the vaccine development sfety, efficacy and durability has to check in several clinical trails in different phases of development. Statistical data based results of clinical trails under the guidance of expert decisions vaccine development will progress.
Final Word:
US- Trump (vs) Russia - Putin, India's Bharath Bio Tech,Britan's Oxford etc. are in the vaccine trails, here global cooperation need among the countries. Instead of cooperation , vaccine Nationalism is developing among countries globally this is not good for the man kind. As entire world suffering from Covid-19 and economical crisis, every country needed their contribution in developing vaccine.

PM Modi-India Faceless-Tax-1st Country | Income-Tax-Assessment | What is Faceless Taxation??

Faceless Tax Assessment officially launched by PM Modi on 13th Aug, 2020. The transparent, fair and fearless tax system, termed as faceless tax assessment avail from 25thSept,2020.

Only 2% of Indian population paid Income Tax, where as in USA 40% citizens paid IT. 

2019-20 report 1.46Crore people paid means just in 1years 55% decreased. 9.5Lakh Crore rupees of income tax amount collected by Indian govt in the year 2019-20. In this 5.2Lakh Crore from Corporate IT, 4.3Lakh Crore from personal IT. FY 2020-21 target of collecting IT is 13.19Lakh Crore i.e; 6.8Lakh Crore-Coporate IT,6.38Lakh Crore- Personal IT.

Tax Reforms - Modi:

Direct  : GST 

Indirect:Faceless Tax

Why we need Faceless Assessment?
There is wrong notion that if any citizen pays Income tax there is chance of loosing earning freedom. Lack of awareness on tax system and benefits of ITR filing of Indian citizens. Government of India under the leadership of PM Modi trying to erase this wrong notion by implementing Faceless taxation system.

Faceless Systems by means of technology, there are several practical experiences like online ticket of Indian railway ticket booking system,movie ticket booking helps to eradicate black ticketing, like this black market avoided by faceless system.
e-seva also one of the practical example too.
There is no professional required for ITR filing.
 What are the Features of Faceless Assessment?

There are 3 key features for this fair,fearless,faceless and transparent tax system.

1.Faceless Assessment:Main theme of Faceless Assessment is to eliminate human interface between tax payer and income tax department. We don't know the person to whom we are submitting Income tax returns.

2.Tax payers Charter: Mutual trust and respect between tax payer and income tax department. What a tax payer can expect from income tax department and at the same time the expectations tax department from tax payers has to fulfill.
3.Faceless Appeals: Any complaints or any modification required or any appeals by tax payer can openly ask to department but those two are unknown faces to each other.

What are the Benefits of Income Tax Return(ITR) Filing?

Income tax return filing is compulsory for every citizen of India, who are earning more than 2.5Lakhs/annum. If you are not filing ITR, no long you can escape from income tax department. So feel free by filing ITR timely, it helps you to feel stress free

Tax Refund also avail if you have paid excess tax or deducted excess amount then you have right to refund that excess amount.

Capital loss carry forward for 8 assessment years starting from current assessment year in which you lost, so tax deducted because of previous years loss even if you are earning profits.

If you are not filing ITR , nothing but you are living away from Bank loans and LIC Policies.

Bank fixed deposits TDS deducted if you are not filing ITR, otherwise you have right to refund the deducted amount.

If you are planning to migrate to out of India, VISA clearance is easy, other wise for countries like USA,Canada,Australia, etc may reject.

How Faceless Tax System Works?

Processing bodies of the Faceless Assessment National e-Assessment Center

Regional e-Assessment Center

Verification Unit

Technical Unit

Review Unit

Modification

Acknowledgement

Assessee no way related to any officer of the tax department of India, and process done through Artificial Intelligence. 

The flow chart for the process of Faceless Tax Assessment system is under the manipulation of Artificial intelligence.

No professional needed to pay the tax, this is the direct tax reform of India, where as GST is Indirect tax reform. 

Tax payer can freely appeal to department there also Faceless appeal so transparency improved.

What are the Advantages of Faceless Taxation?

No Human Interface.

Ease of Compliance.

Transparency and Efficiency.

Functional Specialization.

Improvement in Quality of Assessment.

Expeditious Disposal of cases.

Final Word:

Faceless tax assessment is to create awareness, transparency, trust, respect, fair, fearless taxation and giving freedom to that facilitate to pay income tax voluntarily maximum possible elimination of forced methods any government can collect income tax. Faceless taxation facilitates all that essential measure to feel every individual that income tax pay is also one of their prime duties. PM Modi government created a Platform for Transparent taxation, we can't collect tax by force, its possible only by "Honouring the Honest" principle.

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