Indian Economy: News and Discussion

[Lonewolf]

NOPE, they are behind us on this aspect

Which aspect ?

 

[THESIS THORON]

Which aspect ?

crypto dollars/euros

 

[Lonewolf]

crypto dollars/euros

Okay , u tagged wrong message so I got confused ,btw chink mink have it already , hope we get it soon too

 

[DownWithCCP]

The government will tax income from digital asset transfers at 30%.
Gift of cryptocurrencies to be taxed at the receiver's end..

Nimmo tai strikes

fuck that is too much.

 

[another_armchair]

@Knowitall watch this In Punjab, many of the farmers are labourers from Uttar Pradesh and Bihar. They say farming is not a profit-making proposition in their home states so they are forced to turn to Punjab. That is where they work as farm labourers

 

[ladder]

Budget is over boys.....
Go back to your respective works...

 

[Jimih]

Allright

 

[Knowitall]

In big urban areas, to a great extent, yes.

GPay, PayTM, Phonepe.. etc rule the small/petty cash transactions followed by cards.

Buzz that 2k notes will be slowly withdrawn. Anyways, been more than 2 years since I laid my hands on one.

If India does finally moves towards a cashless economy this will probably be the best work of the govt till date.

Corruption can be erased from various sectors if this is implemented.

 

[HawkisRight]

The gross GST collections for the month of January 2022 are Rs 1,40,986 crores which is the highest since the inception of GST..

Thats 20B$+ for Jan 22

 

[THESIS THORON]

defence budget ??

koi batao yaar, I am monitoring budget for the first time

 

[HawkisRight]

Duty concessions being given to promote electronics manufacturing, wearables and hearables devices included. Duty concessions to [parts of mobile phones including camera module etc.

 

[Physx32]

So no tax rate or surcharge reduction. As expected from tai. Still BJP fanbois will somehow defend her.

 

[Jimih]

Sensex declines after budget session

 

[N4tsula67]

So no tax rate or surcharge reduction. As expected from tai. Still BJP fanbois will somehow defend her.

Well she isn't liked that much within right and center-right circles either.

 

[ladder]

defence budget ??

koi batao yaar, I am monitoring budget for the first time

Check ministry website, budget speech pdf will be made available in 4-5 hours.

 

[another_armchair]

If India does finally moves towards a cashless economy this will probably be the best work of the govt till date.

Corruption can be erased from various sectors if this is implemented.

Corruption cannot be erased from various sectors because graft is ingrained in our DNA, particularly that of Govt offices and also private businesses.

Will give you a small example.

A large state govt entity owns luxury resorts. They recently witnessed a host of railways and govt employees coming there with families for vacations. These folks are from the lower ranks like clerical staff etc. People wondered how can these folks spend 6k per night and book a chunk of luxury cottages?

A little probing revealed that they were paid in 'kind' lately.

Try to get a file/application cleared in a Govt. office without paying Rs. 500. Don't see it happening in my lifetime.

 

[Jimih]

No change

 

[Knowitall]

Corruption cannot be erased from various sectors because graft is ingrained in our DNA, particularly that of Govt offices and also private businesses.

Will give you a small example.

A large state govt entity owns luxury resorts. They recently witnessed a host of railways and govt employees coming there with families for vacations. These folks are from the lower ranks like clerical staff etc. People wondered how can these folks spend 6k per night and book a chunk of luxury cottages?

A little probing revealed that they were paid in 'kind' lately.

Try to get a file/application cleared in a Govt. office without paying Rs. 500. Don't see it happening in my lifetime.

True.

But detecting irregularities in income will become extremely easy if all your transactions are done online and the details of the transaction stored.

For example GST collections have risen so much along with taxes because online payments make it extremely difficult to hide your income.

 

[N4tsula67]

fuck that is too much.

Its fine. I find this a good step towards legalization of crypto currency. Without taxation on crypto currency it don't contribute much to the economy. 30% on gains is very moderate compared to other countries.

 

[Knowitall]

No change

Automobile and other sectors are down due to this very reason.

Consumers will only spend their money if they have it in their hands Tai needs to understand this concept.