Terrorists will never succeed in their agenda. Their heinous acts have put them on the path of self-destruction. They will be brought to justice — in this world and the next. The entire humanity stands in solidarity with those who have lost their near and dear ones.
#Pahalgam
6 power moves on upcoming budget 2025 (which can grow our economy):-
[1] Solve supply side constraints:
- India already has massive demand. In fact the demand is so high that the entire world wants to sell to India.
- Our issue is that we can't provide enough "supply" domestically to fulfil this demand.
- This requires long-term commitment: but a low hanging fruit would be start with areas like Tourism
Standardising tourism is an easy first step (eg. minimum standards for AirBnBs, capping of taxi and airfares, long-term visas for foreigners etc)
DTCM, Dubai has already done this.
[2] Give more spending power directly in the hands of people:
- India has one of the highest personal income taxes.
- This only makes sense: if the rise in salary is compensating for real inflation.
- But, since this NOT happening post COVID, we need a personal income tax cut
Almost 60% of India's economy depends on domestic consumption.
If people are left with "nothing much" to spend (due to excessive personal taxes), the economy will struggle.
[3] Cut government spending (Austerity)
- Our revenue expenditure (eg. salaries) is 4X that of capital expenditure (productive things)
- Our governments are WAYYY too bloated.
- We at least need a 50% government budget cut.
- But, stopping/slowing down new recruitments in government jobs is going to be the key
- Argentina did this recently: and this move is now turning around its economy
[4] Focus less on Agriculture:
- Let's be honest. We have been focusing on Agriculture since independence. And, it has NOT generated the type of results we had expected.
- In India, most Agriculture is intensively done. And, we have one of the lowest outputs on Agriculture in the world now.
- Up-skilling to more value adding industries needs to happen.
- Agriculture is important: but it should be done at scale.
Diversion of Agri budget to other industries at least starts this process.
[5] Give tax breaks to small businesses.
- Tax breaks should be linked to the # of employees hired.
- Most small businesses require credit/loans to grow
- The more they hire, the more loans they should get
- If tax breaks are NOT a possibility, then easy compliances should be offered.
Example: In Singapore -- the government works taxation year is Jan to Dec. Then businesses are given a few months to file their taxes for the year. And most of it can be paid on instalments.
In India, paying advance tax for small businesses become a nightmare.
This simple move: gives hope to small businesses: which are the engines of growth for our economy.
[6] Reduce capital gains tax (or maybe eliminate)
- Countries like UAE and Singapore have 0 capital gains
- Reason: this is your "risk" capital: you have already paid taxes to invest.
- Now, you should not be made to paid taxes (again) on that capital, in case you are investing and growing that.
This projects India as a destination where people could build wealth.
Happy Republic Day.
Today, we celebrate 75 glorious years of being a Republic. We bow to all the great women and men who made our Constitution and ensured that our journey is rooted in democracy, dignity and unity. May this occasion strengthen our efforts towards preserving the ideals of our Constitution and working towards a stronger and prosperous India.
DIGITAL ARREST SCAM🚨
FIRST TIME LIVE RECORDING.
1. Please read, watch, and share this thread as much as possible so we can save more people from this fraud.
#UofT Professor Emeritus Geoffrey Hinton has won the 2024 Nobel Prize for Physics.
Hinton shares the prize with John J. Hopfield “for foundational discoveries and inventions that enable machine learning with artificial neural networks.” #NobelPrize https://t.co/NkWyAwi3eZ
Check out our recent effort on skeletal editing: Electrosynthesis of 1,2,3‐Benzotriazines through an Iodide‐Catalyzed Skeletal Editing of 3‐Aminoindazoles - Baidya - Chemistry – A European Journal - Wiley Online Library https://t.co/S0AqOoJXhT @ChemEurJ
@PHI_StockMarket I have not seen... everyone just posts what is moving on... There are so many failed stocks which might have been posted with high conviction but no one ever posted that stock name..!
अपनी हार सामने देख कर भाजपा जनादेश को झुठलाने के लिए सरकारी तंत्र पर दबाव बना कर लोकतंत्र को लूटना चाहती है।
कांग्रेस चुनावी ड्यूटी कर रहे सभी अधिकारियों से यह अपेक्षा करती है कि वो सत्ता के दबाव के सामने अपनी संवैधानिक ज़िम्मेदारी न भूलें।
वरना INDIA की सरकार बनते ही ऐसी कार्रवाई होगी कि आगे कोई भी ‘संविधान की शपथ’ का अपमान करने से पहले 10 बार सोचेगा।