On July 1, the World Bank reclassified Sri Lanka, Vietnam, and the Philippines from lower-middle-income to upper-middle-income economies.
Their latest GDP per capita stands as follows:
Vietnam: $4,970
Philippines: $4,850
Sri Lanka: $4,670
India transitioned into a lower-middle-income country in 2009 and has remained in that category for nearly two decades. Our current national GDP per capita is approximately $2,800.
Meanwhile, Tamil Nadu has consistently focused on balancing economic growth with social welfare. By the end of this year, the state is projected to reach a GDP per capita of around $6,500- the highest among India’s large states.
As a state in India, Tamil Nadu has already surpassed the average income levels of these newly elevated upper-middle-income countries.
India’s national average of $2,800 masks more than it reveals. On one side, you have states like Tamil Nadu at $6,500; on the other, states like Uttar Pradesh and Bihar hover around $1400 and $950, respectively. Consequently, India remains a country with stark regional inequality while still being relatively poor overall.
Furthermore, as noted recently, Tamil Nadu and Kerala maintain some of the lowest internal inequality rates in the nation.
That is why I keep repeating this point: the next 15 years represent a critical, "make-or-break" economic window for India.
Appeal 🙏
Chaitanya Sai secured AIR 3 in the CMA exam and is now preparing for his CA Final this year.
Any financial support, big or small, will go a long way in helping him continue his journey.
Details of his academic achievements, certificates, and convocation video are shared below. 👇
I’ve done my bit. If you’re in a position to help, please consider supporting him.
Villa, 50-acre land bank, luxury flats: Telangana DSP booked in DA case
ACB raids uncover properties across Telangana, Karnataka; cash, 2 kg gold seized
A Telangana deputy superintendent of police allegedly amassed a portfolio of villas, luxury apartments, commercial properties, more than 50 acres of land, cash, gold and investments far beyond his known sources of income, prompting the Anti-Corruption Bureau (ACB) to register a disproportionate assets case and conduct searches at 16 locations on Thursday.
The ACB booked Sankireddy Bheem Reddy, Deputy Superintendent of Police, Police Computer Services (PCS), Hyderabad, under Sections 13(1)(b) and 13(2) of the Prevention of Corruption Act, 1988, as amended in 2018, alleging that he acquired assets disproportionate to his known sources of income by indulging in corrupt practices and dubious means during his service. Searches were carried out at his residence and 15 other premises linked to his relatives, friends, alleged benamidars and associates.
Among the assets traced were a villa at Vessella Meadows in Ibrahimbagh, a G+2 house with a penthouse and another flat in Telecom Nagar, a flat at Kranti Ceon Apartments in Gachibowli, two flats in Tellapur, a share in a G+5 commercial complex on Lancohills Road in Manikonda, a 3,000 sq ft commercial space near Manikonda Marrichettu Junction and several open plots in Nagole, Patancheru, Pragathi Resorts and Mominpet.
The ACB also found documents relating to agricultural land measuring 3.5 acres at Zaheerabad in Sangareddy district, six acres and another 38 acres in Karnataka, one acre at Devanahalli near Bengaluru, two acres at Mominpet in Vikarabad district and 4.20 acres at Muchintala village in CC Kunta. Investigators also identified an investment of ₹75 lakh in M/s Sri Raghavendra Rock Sand Minerals.
During the searches, officials recovered about ₹3.6 lakh in cash from the officer’s residence and another ₹40 lakh from the house of an alleged benamidar. They also found gold ornaments weighing about two kilograms, silver articles weighing about 20 kilograms and bank balances of approximately ₹19.91 lakh.
The ACB said the market value of the immovable properties could be many times higher than their registered value. Officials also found 23 foreign liquor bottles at the officer’s residence and informed the Excise department for further action. Verification of additional assets is under way, and the investigation is continuing.
#telangana #Hyderabad #corruption
India And Indians!!!
In Gummalakshmipuram village, Andhra Pradesh, warden Hema carried a student suffering from illness on her shoulder for 6 kilometers to the hospital.
There are many places in rural Andhra Pradesh where roads are still a distant dream. This agency area of Parvathipuram Manyam district, is from the Araku region. It is a common practice to use “dolis” or to physically carry patients in emergencies.
This child is currently receiving treatment in the ICU at Parvatipuram Hospital.
As we are headed towards celebrating our 80th Independence Day, there are people still suffering for basics.
At the same time, a majority of us who can fight for them are busy with religion & caste wars.
Hema is a shining example of gems of humans we have in this country, it is also pathetic how they are left to lead lives like these.
Salute to Hema 🙏🏽🙏🏽🙏🏽
And I can only wish for a better tomorrow for a lot Indians living in such conditions.
1) Only about 8% of Indian households own a Car.
2) Only 9.5% of households participate in stock markets.
3) Actual direct taxpayers are less than 3% in India.
So if you are worried about adulterated petrol, taxes, stock market returns. You are a minority.
And, no one give a shit about you.
Read the room.
And, change your strategy.
Cribbing gets you nowhere.
Ek salary wale client ko ITR filing ke liye call kiya.
Pichhle saal usne lagbhag ₹2 lakh Income Tax diya tha.
Is saal woh September se Unemployed hain.
Usne poocha, "Sir, pichhle saal jo tax diya tha, usme se kuch refund mil sakta hai?"
Maine kaha, "Refund sirf tab milta hai jab tax zyada deduct ya deposit ho gaya ho."
Phir mann mein ek hi baat aayi...
Government tab tak hi aapke saath hai, jab tak aapke paas taxable income hai.
Income khatam, tax bhi khatam... aur support bhi.
Life is full of cheat codes:-
1) A minister wants to get richer? mix sugarcane with petrol.
2) A babu wants to get richer? grab more land.
3) A hardworking, top 10% straightforward person wants to get richer: move abroad or setup a 0% tax base.
[Or tag along with 1, 2 in some way]