Union Budget

[angryindian]

If u don't mind how much does ur friend earn
95 lakhs flat is huge

He's a scientist in a Canadian university, easily must be earning more than 1 Crore.

 

[Suryavanshi]

Guys ,I am leaving this forum permanently. Just focus on earning money and leave this country forever. Had a great time interacting with you all.

Why leave forum, just be a Lurker.

 

[ezsasa]

The budget was never utilised because jarnails never order anything they just keep testing it.

capex actuals are more than budget estimate.
these numbers are for entire defence capex.

Year	BE	RE	Actuals
2014-15	94587.95	81965.2
2015-16	85894.44	74299.61	71675.43
2016-17	78586.68	71700.00	86356.93
2017-18	86488.01	86488.01	90438.40
2018-19	93982.13	93982.13	95230.59
2019-20	103394.31	103394.31	111092.43
2020-21	113734.00	134510.00	134304.92
2021-22	135060.72	138850.90	137986.97
2022-23	152369.61	150000.00
2023-24	162600.00

 

[DingDong]

View: https://x.com/mainbhiengineer/status/1815629333769162964

So true. BJP has this tendency of taking it's core voters and loyalists for granted. It tried to lure away a section of the Muslim voters through the "central schemes" at the expense of it's core voters. The end result?

The issue with Bihar is that there is effectively no elected government, the bureaucracy runs the state. We know where the major chunk of this money will end up. Even the people of Bihar know.

 

[Illusive]

Corporate profits have gone up - record numbers in some instances - but job hirings haven't been keeping pace since the last 3-4 years. Govt talked about this just yday. They keep lowering corporate taxes though without either growth In jobs or trying to put more money in salaried taxpayers hands.

The job market is what worries me more, taxes will always be there. The base salary hasnt increased by much. People are still getting the same salaries that they were getting 10 years back. Wealth generation has to increase more than inflation.

Indians would need to be more entrepreneurial than just looking to take a salary if they actually want to make money in long term.

 

[angryindian]

Corporate profits have gone up - record numbers in some instances - but job hirings haven't been keeping pace since the last 3-4 years. Govt talked about this just yday. They keep lowering corporate taxes though without either growth In jobs or trying to put more money in salaried taxpayers hands.

I've been telling this in DFI for as long as i can remember. Most private companies are not into hiring.

Most don't even hire people directly, they hire through 3rd party vendors and pay slave wages without a basic safety net. Also, they force their employees to multitask and work overtime with no monetary compensation or rest. Salaries are often horrible and infrequent with limited appraisal.

 

[spindrift]

Modi ji is acting like Biden now. Totally divorced from reality

 

[Suryavanshi]

View: https://twitter.com/gemsofbabus_/status/1815642375592595927

Searching state specific benefits in union budget.

Truly this country is full of 86 IQ

 

[Boiled_AnDa]

If u don't mind how much does ur friend earn
95 lakhs flat is huge

for general people it is, but you can get some tax rebate for the housing loan taken ( i am no expert though)

naah, its not, no more a huge sum anymore, after you pass a certain state of monthly income.

now a days, a decent 3BHK( 1 K~1.5k sq.ft pre furnished) with south- south east and north(if possible) opening flat at G+1/2 level with car garage at corner plot/ front plot can easily pass 1 cr mark if in a decent locality location in T+2 class city even.
Then comes the monthly membership and maintenances charge-- 6 to 10k per month. ( add that in circular way too)

 

[Roshan]

The job market is what worries me more, taxes will always be there. The base salary hasnt increased by much. People are still getting the same salaries that they were getting 10 years back. Wealth generation has to increase more than inflation.

Indians would need to be more entrepreneurial than just looking to take a salary if they actually want to make money in long term.

I've been telling this in DFI for as long as i can remember. Most private companies are not into hiring.

Most don't even hire people directly, they hire through 3rd party vendors and pay slave wages without a basic safety net. Also, they force their employees to multitask and work overtime with no monetary compensation or rest. Salaries are often horrible and infrequent with limited appraisal.

Corporate profits nearly quadrupled, but employee salaries didn't: Economic Survey urges firms to raise compensation

Economic Survey: Despite significant financial growth in recent years, the Indian corporate sector has not proportionally increased job creation or employee compensation, as highlighted in the Economic Survey for 2023-24. Additionally, the compensation gap between CEOs and median employees in...

economictimes.indiatimes.com

Economic Survey 2024: Despite record profits growth, private sector lags in job creation; Key to India’s 2047 Vision

Survey highlights while corporate profits as a percentage of GDP reached a 15-year high in FY24. However, hiring and wages haven't grown at the same rate.

www.businesstoday.in

 

[Suryavanshi]

Cost of living is rising throughout the world, it isn't as simple as just "immigrate bro".
The chances of you making it in Murica is lower than I was 10 to 15 years ago.

 

[SKC]

Cost of living is rising throughout the world, it isn't as simple as just "immigrate bro".
The chances of you making it in Murica is lower than I was 10 to 15 years ago.

True!

There are lot more people equally or even better skilled than you and in competition for VISA for West. Living there is no longer economical, and people are not saving same amount money as 10-15 years back!

 

[spindrift]

In the US if you are not making at a minimum $150K per annum you will not be able to save much and that is when you are single.

 

[jaijaganath]

Cost of living crisis is a whole other kettle of fish in most parts of the west right now. Don't let the frustration from a budget get the better of you.

No I don't care anything about this budget
In my college which is decent experiencing heavy difficulty to place students as we all know the IT sector situation currently and most of the companies are blatantly placing girls with barely 6-7 cgpa and skill
So students are mostly opting for MS courses but only ones with huge money and support are able to sustain it others are finding huge difficulty

 

[Boiled_AnDa]

Searching state specific benefits in union budget.

Truly this country is full of 86 IQ

Gems of engineering posts everything and anything but the engineering aspect...
which as a person designated of the said field, I/we find it really funny!
It has became a libbu mouthpiece lately just trying to find every nook with flaw s to criticize central government.

 

[Illusive]

I can understand but looking at what congress are doing in Karnataka with the way they have increased prices passively, I dont think there would be an economy left by the end of 5 years.

But it seemingly looks like people would rather vote this govt out of spite and end up hurting themselves in the long run. BJP needs a lesson though but not like this.

As of now looking at twitter it does seem like educated people want to vote this govt out. Expected this, thats why its so easy for the like to Congress to exploit our people with 2000 rupees. Self destruction comes easy to our people. But this myopic vision isnt surprising either looking at how managers usually manage situations in different companies from what I have seen, this kind of temperament amongst the educated seems to be aped just like the west as if we really have two options like they have.

The other option is literally enslavement and surrender of every progress we have made this past decade, just to satisfy ourselves for few months? BC itna memory weak kaise ho sakta hai. I am speaking of the millennials who have seen the what is congress capable of, all the scams, the humilations of our countries security and yet seems to have forgotten everything. Whatever it is now it is still not a nightmare.

 

[TopWatcher]

He's a scientist in a Canadian university, easily must be earning more than 1 Crore.

How come to 1 crore , dont say convert to INR means 1 crore.

 

[hurrians]

"Centre reduced import duties on gold and silver from 15% to 6% in a bid to increase domestic retail demand and to reduce smuggling in the country."

Union Budget 2024: Gold, Silver prices to come down as custom duty slashed to 6% - Times of India

Times of India brings the Latest & Top Breaking News on Politics and Current Affairs in India & around the World, Cricket, Sports, Business, Bollywood News and Entertainment, Science, Technology, Health & Fitness news & opinions from leading columnists.

timesofindia.indiatimes.com

Smugglers

 

[TopWatcher]

How much ISRO get ??

 

[Boiled_AnDa]

"Centre reduced import duties on gold and silver from 15% to 6% in a bid to increase domestic retail demand and to reduce smuggling in the country."

Union Budget 2024: Gold, Silver prices to come down as custom duty slashed to 6% - Times of India

Times of India brings the Latest & Top Breaking News on Politics and Current Affairs in India & around the World, Cricket, Sports, Business, Bollywood News and Entertainment, Science, Technology, Health & Fitness news & opinions from leading columnists.

timesofindia.indiatimes.com

Smugglers

Time to go long in Titan and Senco... then.