Union Budget

[silentassassin265]

Th

Worst FM ever and this govt will fall in 2 years

They gave money to bimar and andhra so will survive.
After 5 years though ab ki baar 150 paar

 

[jaijaganath]

These guys get paid to do this stuff and earn more than you or me.
Liking posts is a personal choice but you spend too much time reading propaganda. And if you say you are not reading it than it means you are liking posts mindlessly.

How do you know? And why are you saying this, makes you seem like you work in the corporate when you are a 1st year student.

And what are you going to do about it?
You are going to spend some 20 to 25 lakhs in the upcoming years for a substandard education. And to top it all out you spend 2 to 3 hours daily here. How will this help?
There is a reason why you are not in some NIT or IIT please reflect on it.

I didn't like their posts mindlessly I felt it informative so I did it
I am definitely not spending 20-25lakhs in mere engineering
I am in contact with seniors and placement committee of my clg and they are facing difficulties

 

[SKC]

Japan got much poorer than it was 15 years ago, uk and france are on their way to become japan.
Germany will survive 5 years but won't grow, justinder will still be winning next election due to librandu + qubec votes ( thanks to his french hertitage).
Only countries which are progressing are switzerland and US, future of US is uncertain considering trumps policies and crime rate.
Overall this is not a good time to immigrate.

If you manage to get a package around and above 20 lacs then you can live a lavish life by Indian standards.
Rent a decent House, get maid and help for different household work.
Over the year buy an apartment too.

 

[SKC]

Worst FM ever and this govt will fall in 2 years

Why do you think that is going to happen??

UPA-1 had Congress with 145 seats and UPA-2 had Congress with 206 seats in center and they managed to complete both terms.

Here you have BJP with 240 seats and comfortable majority with its own Partners in NDA.

 

[hit&run]

View: https://x.com/ANI/status/1815689033776803875

#WATCH | #UnionBudget2024 | On 12.5% tax on long-term capital gains, Union Finance Minister Nirmala Sitharaman says, "...We wanted to simplify the approach to taxation - also for the capital gains. Second, if anything, the average taxation has actually come down when we say it is 12.5%. We have worked out for each of the different asset classes...The point that we brought it down from below the average to 12.5% encourages investment in the markets..."

 

[Gandaberunda]

Why do you think that is going to happen??

UPA-1 had Congress with 145 seats and UPA-2 had Congress with 206 seats in center and they managed to complete both terms.

Here you have BJP with 240 seats and comfortable majority with its own Partners in NDA.

Congress knows to run coalition government and Modi has never run coalition govt. with 240 seats bjp behaving like losers. In fighting happening in bjp with rss leaders taking pot shots kn gujju deo. If bjp loses several states in upcoming assembly elections then writing is on the wall. If Modi does hold on to complete his term bjp would be decimated by that time. FM education minister and railway minister arrogance and mishaps happening all over the country without any accountability this is the last term for Modi/ NDA.

 

[SKC]

Congress knows to run coalition government and Modi has never run coalition govt. with 240 seats bjp behaving like losers. In fighting happening in bjp with rss leaders taking pot shots kn gujju deo. If bjp loses several states in upcoming assembly elections then writing is on the wall. If Modi does hold on to complete his term bjp would be decimated by that time. FM education minister and railway minister arrogance and mishaps happening all over the country without any accountability this is the last term for Modi/ NDA.

BJP ran Coalition in 1999-2004!
Previous two short-lived govt were also Coalition.

 

[Nutcracker]

Khush khabri for real home buyers. Middle finger to real-estate flippers.

Indexation benefits on property removed, sparks concern. What it means for you?

Union Budget 2024: The Long Term Capital Gains Tax (LTCG) on property sales has been reduced from 20% to 12.5%, but the budget fine print revealed that the indexation benefit on real estate has been removed.

www.indiatoday.in

Why is it a concern among citizens?
The removal of indexation benefits has led to concerns about higher tax liabilities and reduced profitability from real estate transactions.

Experts suggest that this could lead to shifts in investment strategies, with investors potentially moving away from heavily taxed assets.

 

[silentassassin265]

Congress knows to run coalition government and Modi has never run coalition govt. with 240 seats bjp behaving like losers. In fighting happening in bjp with rss leaders taking pot shots kn gujju deo. If bjp loses several states in upcoming assembly elections then writing is on the wall. If Modi does hold on to complete his term bjp would be decimated by that time. FM education minister and railway minister arrogance and mishaps happening all over the country without any accountability this is the last term for Modi/ NDA.

Not even a single good thing happened in last few month hence the image of bhajeepav is degrading, MH and haryana are gone already no point in trying.

Now they have given benifits only in new tax regime which will only be useful to bachelor's who does not have any loan or investment.
Sadly most of the population who earn more tha 8 lakhs are family people who always opt fpr old tax regime so that's why this budget is also gone.

It's Just bad luck or maybe they are trying hard to lose every upcoming election.

 

[Ultraman]

It was expected.
GOI wants money in banks to increase lending power. Money stuck in stocks is just fueling bubble and pockets of GNDU Nifty50 bosses who are not willing to spend in job creation and wage growth.

Banks See Worst Deposit Crunch in 20 Years |
.


View: https://youtu.be/QHedC_nbqQk?si=OuCLT17sIMAhnhJz

i hear 2000 rupee note is being faked by pakistani terrorists now

time for another demonetization

Khush khabri for real home buyers. Middle finger to real-estate flippers.

Indexation benefits on property removed, sparks concern. What it means for you?

Union Budget 2024: The Long Term Capital Gains Tax (LTCG) on property sales has been reduced from 20% to 12.5%, but the budget fine print revealed that the indexation benefit on real estate has been removed.

www.indiatoday.in

Why is it a concern among citizens?
The removal of indexation benefits has led to concerns about higher tax liabilities and reduced profitability from real estate transactions.

Experts suggest that this could lead to shifts in investment strategies, with investors potentially moving away from heavily taxed assets.

Somanathan said that this change is expected to benefit the middle class by simplifying the tax approach.
The removal of indexation benefits has led to concerns about higher tax liabilities and reduced profitability from real estate transactions.

such nice people making tax computation easier for us

 

[Suga]

Th

They gave money to bimar and andhra so will survive.
After 5 years though ab ki baar 150 paar

It’s amazing how you guys talk like we have better option available.

 

[hit&run]

So far only white noise and unqualified bickering from usual suspects. I am not talking about LW but RW who use events like Budget to pretend to be balanced supporters.

With 2% paying taxes; mind you the word tax in GST is a misnomer as it is not a tax per se the tax brackets can be easily wiped off but the government will keep this stream of revenues just to have a tab on informal sector vis a vis understanding expansion or contraction. I mean this is one out of many reasons to mechanize taxes on the masses. Another main reason to sustain this stream is to have a margin for inflationary control.

This is the only contentious issue I can pick for the overall discourse.

Reducing corporate tax should boost the economy as more FDI is expected.

 

[silentassassin265]

It’s amazing how you guys talk like we have better option available.

It's not upto us

 

[Gandaberunda]

I said Modi not BJP and yes this nda govt is run by only about Modi and shah with absolute majority. 2004 India shining disaster will be happening in 2029

BJP ran Coalition in 1999-2004!
Previous two short-lived govt were also Coalition.

 

[hit&run]

The budget is more like a nudging subterranean phenomenon which many opinion makers will not invest their time to describe on MSM. Two examples posted by good members I just read in this thread on real estate, bank lending liquidity and stock bubble.

TBH It is a sign of a maturing economy that will eventually consolidate the confidence of the investors and have multifaceted stabilizing outcomes, especially on the currency.

 

[Gandaberunda]

Th

They gave money to bimar and andhra so will survive.
After 5 years though ab ki baar 150 paar

Yep. This budget doesn’t look like a budget for fiscal year but a budget for how to hold govt for 5 years. FM gave money to North and South Indian BIMARU.

 

[Nutcracker]

i hear 2000 rupee note is being faked by pakistani terrorists now

time for another demonetization





Somanathan said that this change is expected to benefit the middle class by simplifying the tax approach.
The removal of indexation benefits has led to concerns about higher tax liabilities and reduced profitability from real estate transactions.

such nice people making tax computation easier for us

TBH It's actually easier and standardised method. I dont think any other asset/profit/intrest used to get inflation adjustment benefits.

 

[Suga]

So far only white noise and unqualified bickering from usual suspects. I am not talking about LW but RW who use events like Budget to pretend to be balanced supporters.

With 2% paying taxes; mind you the word tax in GST is a misnomer as it is not a tax per se the tax brackets can be easily wiped off but the government will keep this stream of revenues just to have a tab on informal sector vis a vis understanding expansion or contraction. I mean this is one out of many reasons to mechanize taxes on the masses. Another main reason to sustain this stream is to have a margin for inflationary control.

This is the only contentious issue I can pick for the overall discourse.

Reducing corporate tax should boost the economy as more FDI is expected.

The so called “Right wing” in SM (they only exist in SM) are called “Raita wing” mostly leftist pretending nationalist or saboteurs.

 

[125mm_Smoothbore]

Just a question what is mod doing with 12+ % of budget ?

 

[SKC]

Yep. This budget doesn’t look like a budget for fiscal year but a budget for how to hold govt for 5 years. FM gave money to North and South Indian BIMARU.

Money has to be given to Bihar and Andhra. BJP should have done this in parts so that they are not burdened together in Budget.
They should have never let go of CBN and helped him when the state split and Andhra had misfortune of losing their Capital itself.
CBN for once is one of the most pro development CM ever in India.