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Showing posts from July, 2024

Capital tax tweaked: CA explains why millionaires move out of India once they make it up.

  Lalit Rathi, founder of LKR Advisors, took a potshot at the government for deciding to raise long-term and short-term capital gains taxes in the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman today. In a post on X, Rathi questioned the government’s motives, asking, “Why would the government want to derail the Indian story and hinder the prosperity of capital markets?” In the Union Budget presented earlier today, FM Sitharaman announced that there will be an increase in the long-term capital gains tax from 10% to 12.5% and short-term capital gains tax from 15% to 20%. Rathi argued that these changes would slow down the growth of capital markets and expressed concern about the ripple effects of such policies. Track Budget 2024 updates real-time with BT's non-stop live streaming of India's most-important event from 8 am to 7 pm     Why on earth would govt want to derail the Indian story? Why they don't want Capital markets to prosper.? I see no rea...

Niti Aayog row: 'You weren’t even there!', FM Nirmala Sitharaman hits back at Jairam Ramesh

  After Bengal CM Mamata Banerjee walked out of 'Niti Aayog' meeting, Congress leader Jairam Ramesh strongly criticized the central government body, calling it a "drumbeater" for the Prime Minister's Office and accusing it of not promoting cooperative federalism. Ramesh claimed that the organization is partisan and suppresses dissenting viewpoints, which are essential for a democracy. He specifically mentioned the treatment of West Bengal Chief Minister Mamata Banerjee at a NITI Aayog meeting, calling it unacceptable. In a post on X, Ramesh said "Since it was established ten years ago, NITI Aayog has been an attached office of the PMO and has functioned as a drumbeater for the non-biological PM. It has not advanced the cause of cooperative federalism in any manner. Its functioning has been blatantly partisan, and it is anything but professional and independent. It muzzles all divergent and dissenting viewpoints, which are the very essence of an open democracy...

Manipur before or after Ukraine?': Congress takes swipe at PM Modi for potential visit to war-torn European nation

  Amid reports of Prime Minister Narendra Modi's potential visit to Ukraine next month, the Congress party questioned whether the ongoing violence in Manipur was discussed in the meeting between Manipur Chief Minister Biren Singh and PM Modi and whether Biren Singh had invited PM Modi to visit the troubled state before or after his potential trip to Ukraine. Jairam Ramesh, Congress general secretary in charge of communications, voiced these concerns on Sunday. "Did Shri N. Biren Singh meet with Shri Narendra Modi separately one-on-one and discuss the situation in Manipur, which started burning on the night of May 3rd, 2023?" Ramesh asked. Manipur CM Biren Singh attended two significant meetings chaired by PM Modi on Saturday, the Niti Aayog meeting and a gathering of BJP chief ministers and deputy chief ministers. Since May 2023, Manipur has been facing violent clashes between the Meitei and Kuki communities, resulting in the loss of around 200 lives and the displacement ...

Morning briefing: PM Modi meets Manipur CM after 18 months; Kharge to pick new Bengal leader for Congress, and more

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PM Modi, Biren Singh's 1st Face-To-Face Meeting On Manipur Violence

 Manipur Chief Minister N Biren Singh had a face-to-face meeting with Prime Minister Narendra Modi during his ongoing visit to Delhi. Mr Singh and PM Modi had discussed the situation in the state that was hit by massive ethnic violence last year, party sources told NDTV amid much speculation over the meeting. Mr Singh is in Delhi for a special conclave of Chief Ministers from BJP-ruled states. But the short closed door session held in its sidelines , was specially scheduled to discuss the Centre and state's plans and roadmap for a possible solution to the ongoing crisis. Union ministers Amit Shah and Rajnath Singh were also present for the meeting, but no officials from the Centre or the state attended it, sources said, underscoring its exclusivity. The meeting comes amid massive Opposition pressure on the BJP over the Prime Minister's alleged silence on Manipur. Slogans of Manipur had rent Lok Sabha as the Opposition interrupted PM Modi's speech on the Motion of Thanks fol...