Modi gave away freebies to corporates, but gives gyan

[IamBhagatSingh]

6 hours ago, Everydayrunner said:

During Modi 1.0, Over Rs. 4.3 Lakh Crore Worth of Tax Concessions Given to Corporates

₹1.45 lakh crore corporate tax cuts finalised by govt in 36 hours

September 2019, the government had announced a cut in base corporate tax for then existing companies to 22 per cent from 30 per cent

Adani's wealth increased from USD 8.9 billion in 2020 to USD 82.2 billion in 2021 and that of Ambani's saw a rise from USD 36.8 billion in 2020 to USD 85.5 billion in 2021. Mukesh Ambani, who runs the oil-to-retail conglomerate Reliance Industries, continues to be the richest Indian with a wealth of USD 103 billion, a 24 per cent rise year-on-year

Wealth of Indian billionaires go up during lockdown while millions lost livelihoods

It would take an unskilled worker 10,000 years to make what Mukesh Ambani made in an hour during the pandemic and 3 years to make what he made in a second.

The report shows how the rigged economic system is enabling a super-rich elite to amass wealth in the middle of the worst recession and the biggest economic crisis in the history of independent India, while millions of people are struggling to make ends meet.

The report notes that billionaires such as Mukesh Ambani, Gautam Adani, Shiv Nadar, Cyrus Poonawalla, Uday Kotak, Azim Premji, Sunil Mittal, Radhakrishan Damani, Kumar Manglam Birla and Laxmi Mittal working in sectors like coal, oil, telecom, medicines, pharmaceuticals, education, and retails increased their wealth exponentially since March 2020 when India announced world’s biggest COVID-19 lockdown and economy came to standstill. On the other hand, data has shown that 170,000 people lost their jobs every hour in the month of April 2021.

While the national minimum wage has remained at Rs 178 a day since 2020, Adani witnessed his net worth multiply by eight times in a year -- from USD 8.9 billion (Rs 65,860 crore) in 2020 to USD 50.5 billion (Rs 3.73 lakh crore) in 2021

Thecountry’s healthcare budget saw a 10% decline from RE (Revised Estimates) of 2020-21. There was a 6% cut in allocation for education. The budgetary allocation for social security schemes declined from 1.5% of the total Union budget to 0.6%.

Bro I don't know about these statistics but one thing is clear, evadu avunanna kadanna. Middle class ki MG pinchadu. 

Rich becoming richer, but middle class becoming poor e bose dk gst etc laki. 

If so called bhakts support him for this saying tax is required. Why the heck he impose more tax on the rich. Genuine software engineers pay more, but business men and others dont pay tax 

[Mirzapur_kattappa]

@tennisIuvrredux

[villagetalkies]

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[kiran1012]

On 7/19/2022 at 7:35 AM, Everydayrunner said:

During Modi 1.0, Over Rs. 4.3 Lakh Crore Worth of Tax Concessions Given to Corporates

₹1.45 lakh crore corporate tax cuts finalised by govt in 36 hours

September 2019, the government had announced a cut in base corporate tax for then existing companies to 22 per cent from 30 per cent

Adani's wealth increased from USD 8.9 billion in 2020 to USD 82.2 billion in 2021 and that of Ambani's saw a rise from USD 36.8 billion in 2020 to USD 85.5 billion in 2021. Mukesh Ambani, who runs the oil-to-retail conglomerate Reliance Industries, continues to be the richest Indian with a wealth of USD 103 billion, a 24 per cent rise year-on-year

Wealth of Indian billionaires go up during lockdown while millions lost livelihoods

It would take an unskilled worker 10,000 years to make what Mukesh Ambani made in an hour during the pandemic and 3 years to make what he made in a second.

The report shows how the rigged economic system is enabling a super-rich elite to amass wealth in the middle of the worst recession and the biggest economic crisis in the history of independent India, while millions of people are struggling to make ends meet.

The report notes that billionaires such as Mukesh Ambani, Gautam Adani, Shiv Nadar, Cyrus Poonawalla, Uday Kotak, Azim Premji, Sunil Mittal, Radhakrishan Damani, Kumar Manglam Birla and Laxmi Mittal working in sectors like coal, oil, telecom, medicines, pharmaceuticals, education, and retails increased their wealth exponentially since March 2020 when India announced world’s biggest COVID-19 lockdown and economy came to standstill. On the other hand, data has shown that 170,000 people lost their jobs every hour in the month of April 2021.

While the national minimum wage has remained at Rs 178 a day since 2020, Adani witnessed his net worth multiply by eight times in a year -- from USD 8.9 billion (Rs 65,860 crore) in 2020 to USD 50.5 billion (Rs 3.73 lakh crore) in 2021

Thecountry’s healthcare budget saw a 10% decline from RE (Revised Estimates) of 2020-21. There was a 6% cut in allocation for education. The budgetary allocation for social security schemes declined from 1.5% of the total Union budget to 0.6%.

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