Topic: super-rich tax
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.
Rollback of tax on FPIs & surcharge on capital gains tax only undo wrong done in this year’s budget, not those in decades earlier.
Finance Minister Nirmala Sitharaman also announced the withdrawal of angel tax provisions citing difficulties faced by start-ups and their investors.
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.
For years, the luxury car market in India was biased towards the entry-level. But today, cars below Rs 40 lakh account for the smallest fraction of sales.
To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.
In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.
That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.