While it is unfortunate that a large number of High Net Worth Individuals have left India and taken citizenship elsewhere, the number of HNIs in the country is continuously increasing.
India's attractiveness as an investment destination is not based on its low tax rates. Give the super-rich basic amenities in return for the higher tax and they'll stay and pay.
The purpose of Covid cess is to cover for the money spent on vaccination as well as on assisting the poor during the pandemic. But public health is a state subject.
The proposal to tax the super rich, along with the Budget's lack of measures to boost the economy, led to foreigners withdrawing more than $3 billion from Indian shares.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
Looks like the author is completely oblivious to the realities of life in India. To claim that there are no issues of crowding, pollution etc is either ignorance or denial. Access to inexpensive good education, healthcare is a pipedream in India. Not only HNIs, even middle class blue collar and white collar workers aspire to leave India. Indian cities are a nightmare from which there is no waking up. Even after working hard the rewards wrt quality of life are simply not commensurate. The kind of stress and competition in India is unimaginable. Also considering the corruption, harassment and extortion that everyone faces, from authorities any surprise that people just wish to get out, HNIs or not.
Looks like the author is completely oblivious to the realities of life in India. To claim that there are no issues of crowding, pollution etc is either ignorance or denial. Access to inexpensive good education, healthcare is a pipedream in India. Not only HNIs, even middle class blue collar and white collar workers aspire to leave India. Indian cities are a nightmare from which there is no waking up. Even after working hard the rewards wrt quality of life are simply not commensurate. The kind of stress and competition in India is unimaginable. Also considering the corruption, harassment and extortion that everyone faces, from authorities any surprise that people just wish to get out, HNIs or not.