I was once a Modi Andhbhakt, but then I realised that he is destroying the country… today in 2025 when Economy is crying, youth is jobless, India has lost all its friends globally, many like me have realised their mistake
BIG BREAKING NEWS 🚨 After Income Tax, Modi Govt to give BIG Relief on 'Highway Tolls' soon 🔥🔥
Union Minister Nitin Gadkari said "Many people troll me on social media"
"All I can say is that the anger about the toll will go away in a few days."
"Our research has been completed & the scheme will be revealed soon" ⚡- UNION MINISTER NITIN GADKARI
Stock markets…
Govt Increased Taxes of STCG and LTCG, after 1 year they realise no significant increase in tax collection from it….
Increased STT and CTT from October…. Volumes have halved today if you compare from September ….
So whoever proposed all this to FM that increase taxes on stock markets should be sacked because not only it didnt increase any revenue but it also dented a flourishing stock market….
The last 4 years, were golden years for Indian stock investors.
Not just because people made money. But, because of the fact: that people took notice of stock markets. And, really wanted to learn about it.
In a low financial literacy country like India, things were finally moving.
Not because of some government mandate but because of lack of options:-
- Real Estate was beyond reach for most.
- FD was not making sense given the high cost of living
- EPF/PPF rates hardly increased since 2001
So people saw stock investing as a way to build wealth.
The new taxation definitely discourages new investors in the stock market.
And also highlights the point: that if retail starts making money somewhere, taxes will follow.
Elites sit in their Ivory towers, preaching that the next 10 years belong to India.
What they don't tell you is: the next 10 years belong to them.
You are just a cheap labour that will provide the leverage for them to build another Ivory tower.
[1] GST collection is at an all time high
[2] Overall tax collection is at an all time high
[3] India's GDP is all time high
But YET the Tax on the middle class (de-facto) is also all time high (at least in recent history)
What's the lesson? if the nation collects money in taxes. And, wastes it on making statues, poor roads, freebies etc. It might look like development, but it is not.
It is simply marketing & vote bank politics---and not real productivity improvement.
Even more importantly, you are the one paying for all this marketing.
I really hope that finally, people start to see this.
If FM fools Taxpayers once, Shame on her
If FM fools Taxpayers second time, Shame on her again
But if FM fools Taxpayers again and again, Shame on Tax Payer 😃
@nsitharaman - Thanks for putting Tax payers & Investors to Shame !!!
#FI