'While I would never wish for anyone to go through what we are, it has brought out the best in us by making each one of us a better version of ourselves.' 'Being courageous, fighting for freedom, taking the burden of responsibility to help each other...' 'I know hundreds and hundreds of examples where Ukrainians are risking their lives for complete strangers and it is only in moments like this that we truly understand what it means to be human.'
'If Pakistan's army wants to escalate violence in Kashmir, they have an unlimited supply of jihadis they can train and send. That's not an issue for them.'
rediffGURU T S Khurana answers readers' personal income tax queries.
Most taxpayers will benefit from being in the old tax regime, assuming they optimise their salary for tax benefits and claim the deductions available to them.
'While suppression of information is acceptable for the government, the Opposition's efforts at pinning the government and its leaders is labeled anti-national,' points out Nilanjan Mukhopadhyay.
'No military offensive by Pakistan will end the insurgency in Balochistan without simultaneous, concerted efforts toward political dialogue to de-escalate tensions.'
rediffGURU T S Khurana answers readers' personal income tax queries.
'Putin dreams about his legacy. He wants to forcibly restore the Russian empire.' 'Unfortunately, after three years of large-scale war with massive human losses, Putin will not budge from his goal because human life is the cheapest resource in the Russian State.'
With its age-old fascination for education, southern states have done better than the North. Start-ups, IT hubs, and industry majors setting up shop have changed the face of the South. Nearly 79% of global offices set up by international conglomerates in India are in the South. Almost 46% of tech unicorns are from the South. The GDP per person in the South is 4.2 times higher than the North. None of these indicators can be ignored by any central government, whatever the political compulsions, notes Ramesh Menon.
'The irony of this country is that the party in Opposition and the party in power both depend on Muslims.'
'We may see even more restrictive policies during 2.0.'
Samajwadi Party MLA Abu Asim Azmi was on Wednesday suspended from the Maharashtra legislative assembly till the ongoing budget session ends on March 26, over his remarks eulogizing Mughal emperor Aurangzeb.
Doubling standard deduction to Rs 1 lakh, increasing tax break on interest paid on housing loan and rationalisation of capital gains tax regime are some of the expectations that consultancy firm KPMG has from the Budget 2024-25 to be unveiled on July 23 in Parliament. There has been a significant rise in medical expenses, fuel costs and overall inflation.
Samajwadi Party MLA Abu Asim Azmi's remarks praising Mughal emperor Aurangzeb sparked outrage in the Maharashtra legislature, leading to calls for his suspension and accusations of treason. The issue, which was politicized by both the ruling coalition and opposition parties, led to the adjournment of both Houses of the state legislature. Azmi later retracted his statements, saying they were twisted and that he had not made any derogatory remarks against Shivaji Maharaj or Sambhaji Maharaj. The BJP, however, seized the opportunity to slam the Congress and other opposition parties, accusing them of trying to "eradicate" Sanatan Dharma. The Mumbai police have initiated a probe into the matter, registering a case against Azmi for his remarks.
The government's move to tweak the long-term capital gains (LTCG) tax regime proposed in the Finance Bill 2024 and re-introduce the indexation benefit is likely to boost the investments and spur housing sales in the country, industry executives believe. "By enabling taxpayers to choose the lower tax burden between the new and old schemes, the amendment is poised to drive investment and enhance sales across housing segments," said Niranjan Hiranandani, chairman of the Hiranandani Group. In Budget 2024, Union Finance Minister Nirmala Sitharaman proposed an overhaul in the capital gains tax regime, including lowering the LTCG tax to 12.5 per cent from 20 per cent.
The government on Tuesday sought to address a significant concern stemming from the 2024-25 Budget announcement by introducing flexibility in the computation of long-term capital gains (LTCG) tax on unlisted assets, including properties. For any assets, such as land or buildings, acquired before July 23, taxpayers can choose between the new and old regimes, opting for whichever results in a lower tax liability. Under the new LTCG regime, the tax rate is set at 12.5 per cent without the benefit of indexation.
If as critics point out, the environmental impact assessment study was commissioned only after the auction process got underway with not all the stakeholders getting to know of it, then the government has already compromised the trust it could have enjoyed with Kerala's public including its coastal communities, points out Shyam G Menon.
A key aide to Bangladesh's interim government has urged India to unequivocally recognize the July-August uprising that toppled Prime Minister Sheikh Hasina's regime, arguing that this is crucial for rebuilding bilateral ties. Mahfuj Alam, considered a de facto minister in the interim government, criticized India's portrayal of the uprising as militant, anti-Hindu, and an Islamist takeover, and called for a change in approach to understand the "new Bangladesh realities." He stated that bypassing the uprising would be detrimental to relations between the two countries. Alam, whose organization spearheaded the protests against Hasina's government, emphasized the democratic nature of the struggle, which he said was about a "generational and responsible struggle." His statement comes amid strained relations between Dhaka and Delhi, with India expressing concerns over the safety of Bangladesh's Hindu community.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
We must bring a laser focus on our own interests, and define our friends and foes more clearly instead of trying to live by somebody else's rules. We must grow up, think for ourselves, think India First, asserts R Jagannathan.
'Each side could consider challenging the NCLAT's stay order before the Supreme Court.'
'Will the LG be ready to rule with a light hand, having been vested with powers that amount to using a hammer to kill a fly?' asks Aditi Phadnis.
Amid the Budget preparation, the revenue department is assessing the feasibility of further adjustments to maximise benefits for salaried individuals.
The platform recorded a peak rate of 917 filings per second on July 17 and 9,367 filings per minute on July 31.
The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
Pakistan's 'freedom struggle' has begun again with the ouster of his government due to a 'foreign conspiracy', former prime minister Imran Khan said on Sunday in his first comments since his unceremonious removal hours earlier.
Protesters in Bangladesh have attacked and torched houses of leaders of Sheikh Hasina's Awami League across the country, while murals of the country's founder Sheikh Mujibur Rahman were demolished and defaced in nearly two dozen districts. The unrest sparked after a live online address of Hasina, who is living in India following a massive student-led protest that toppled her Awami League's 16-year regime. The protesters have also called for scrapping the 1972 Constitution and changing the national anthem.
'The shifts in US involvement in global conflicts and geopolitical alliances could introduce uncertainties.'
Even a whiff of an incident like the violent 1989 shirt-ripping attack on Krishnamachari Srikkanth by a Karachi spectator would be ruinous. It would set back the ties further, derail an ongoing tournament, and harden Indian attitudes on playing Pakistan anywhere at all, asserts Shekhar Gupta.
Market reaction to the Union Budget was overall neutral. The income tax "gift" wasn't enough to move the needle. There was some apparent rationalisation of Customs duty structure as well as cuts on import duties of some key components for the telecom and IT industry and duty cuts on vehicle imports. Other proposals related to development of agriculture and rural economy and renewables seem to be generally positive.
... and there is no stopping its pan-Islamic agenda, cautions Ambassador M K Bhadrakumar.
Former Indian Prime Minister Manmohan Singh's effusive praise of US President George W Bush during their 2008 meeting in the White House is revisited as a testament to their close relationship and the impact of the landmark Indo-US civil nuclear deal. Singh's statement, while drawing criticism from the Left and BJP, highlighted the transformative nature of the relationship between the two democracies. The article explores the context of their meeting and the broader significance of their relationship in the context of the Indo-US nuclear deal.
10 largecaps stocks which stand to gain from the Budget.
The interim government led by Professor Muhammad Yunus as the Chief Adviser has asked Bangladesh's envoys in India, Brussels, Canberra, Lisbon, and the Permanent Mission to the United Nations in New York to return immediately and report to the foreign ministry here as part of the latest reshuffle.
Even as there is a sense of positivity over Indo-Pak ties after the outcome of Pakistan polls, a former Pakistani diplomat believes a regime change is unlikely to bring any substantial shift in Islamabad's approach.
The PDP looks a distant third in the race, observes Mohammed Sayeed Malik, the distinguished commentator on Kashmir politics.
Pressure is mounting for a resolution to be moved in the assembly when it meets next week for its maiden sitting to demand 'restoration of Article 370 and Article 35A' as committed in the National Conference's election manifesto, reveals Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs.
Life has come full circle for Nobel laureate Professor Mohammad Yunus, who faced persecution during Sheikh Hasina's regime for embezzlement, is now all set to head of the interim government in Bangladesh after she resigned and fled the country.
A day after six persons died in the Tirupati stampede, the Andhra Pradesh government on Thursday announced a judicial inquiry into the incident that seems to have been the result of a policeman's innocuous act of opening the gate with the intention of aiding a sick woman.
