Talking about Prime Minister Narendra Modi’s “wealth distribution” remark, Chairman of Indian Overseas Congress, Sam Pitroda on April 24 explained that when Congress talks about redistributing wealth, it means new policies and new programs that are in the interest of the people and not in the interest of super-rich only. "...In America, there is an inheritance tax. If one has $100 million worth of wealth and when he dies he can only transfer probably 45% to his children, 55% is grabbed by the government. That's an interesting law. It says you in your generation, made wealth and you are leaving now, you must leave your wealth for the public, not all of it, half of it, which to me sounds fair. In India, you don't have that. If somebody is worth 10 billion and he dies, his children get 10 billion and the public gets nothing...So these are the kind of issues people will have to debate and discuss. I don't know what the conclusion would be at the end of the day but when we talk about redistributing wealth, we are talking about new policies and new programs that are in the interest of the people and not in the interest of super-rich only," said Sam Pitroda.
24 April,2024 08:50 PM IST
Uttar Pradesh Chief Minister Yogi Adityanath launched an all-out attack on the Congress over Sam Pitroda’s ‘inheritance tax’ remark. CM Yogi Adityanath accused the Congress government rule for decades of giving benefits selectively. CM Yogi alleged that Congress and INDIA bloc want to take back the country to the times of terrorism and appeasement politics.
24 April,2024 08:27 PM IST
At a public event in Surguja, Chhattisgarh, Prime Minister Narendra Modi reacted to Sam Pitroda's remarks about "inheritance tax." Modi stated, "The advisor to the royal family's prince and the prince's father said that more taxes should be levied on the middle class. But now, the Congress has taken it a step further by proposing an inheritance tax. They want to tax what you inherit from your parents. The property you've earned through your hard work may not go to your children because Congress could take it away. Congress will increase taxes while you're alive and, once you're gone, burden you with inheritance taxes. Those who treated the Congress party as their family property and passed it down to their children now want to deny Indians the same right to pass on their property to their children," explained Prime Minister Modi.
24 April,2024 03:34 PM IST
International Monetary Fund Asia & Pacific Director Krishna Srinivasan on April 20 praised India’s growth trajectory under Prime Minister Narendra Modi’s regime. Speaking to ANI, he said, “India has successfully navigated multiple shocks we’ve seen in the recent past, starting from the pandemic to the war in Ukraine and then the recent tensions in the Gulf. Growth at 6.8 per cent in 2024-25 is a very impressive number. And this is largely led by private consumption and public investment. I don’t see any red flags in the near term, but I would highlight one important aspect. Now, India has a young, growing population. India is likely to add about 15 million people to the labor force every year. Now, if you want to benefit from this demographic change, you will need lots of reforms. I think in particular, I would emphasize the need for significant investment in education and healthcare so that this growing labor force can contribute productively to the economy.”
20 April,2024 04:17 PM IST
The US would welcome any country interested in using its voice to further deter the Russian offensive in Ukraine and play a positive role in helping release hostages and defeating Hamas amid the ongoing conflict in the Gaza Strip, US State Department Principal Deputy Spokesperson Vedant Patel said at a press briefing on April 18. Asked how the US and the international community can use Prime Minister Narendra Modi's influence to end the ongoing war worldwide, Patel said, “Specifically, first in the context of Russia-Ukraine, if any country is interested in using its voice to further deter Russian aggression on the people of Ukraine, we certainly would welcome that and in the current ongoing context in Gaza, any country that believes that they can play a positive role in helping us get to a release of hostages, helping us get additional humanitarian assistance into Gaza, and helping to defeat Gaza, they certainly should and are welcome to play that role.”
19 April,2024 06:47 PM IST
In this second video of the Mid-day series Straight Talk, Political Strategist Ritwik Mehta breaks down the winning strategy deployed by the Bhartiya Janata Party, Annamalai’s fandom, the Modi Factor, Congress’ downfall, Political chaos in Maharashtra, Bihar politics, prospects of INDIA Alliance along side BJP making inroads in states of West Bengal and Tamil Nadu. From grassroots mobilization to high-level coalition building, Mehta offers invaluable insights into how the BJP navigates the complex landscape of Indian politics dethroning long-standing political parties in the process. Watch exclusive insights into the ongoing Lok Sabha Elections 2024, as political analyst Ritwik Mehta delves into understanding the inner workings of India's political parties with Katyayani Kapoor.
15 April,2024 08:30 PM IST
In this exclusive interview with Midday, Shiv Sena’s Rajya Sabha elect from Maharashtra, Milind Deora shared his ambitious vision for the transformation of India's financial capital - Mumbai, into a bustling hub of innovation, opportunity, and sustainable growth. Drawing inspiration from the successes of Dubai and Singapore, he envisions a Mumbai characterized by cutting-edge technology, seamless connectivity, and vibrant urban spaces. Join the conversation as Milins Deora shares his vision for a better Mumbai.
15 April,2024 07:25 PM IST
Just weeks before the 2024 Lok Sabha Polls, West Bengal Chief Minister Mamata Banerjee sustained a significant injury on March 14, leading to her hospitalization. Rushed to SSKM Hospital by TMC GS Abhishek Banerjee, she bore a serious forehead wound. While TMC All India Trinamool Congress briefed her well-wishers about the incident, no official statement was released. Kunal Ghosh had foreseen a mishap at her residence. Despite this, an outpouring of support was witnessed from her followers outside the hospital. Meanwhile, leaders including Delhi CM Kejriwal, TN CM MK Stalin, WB BJP Prez Sukanta Majumdar, and others expressed their hopes for her swift recovery. Following her admission, she was transferred from Woodburn Block to the Trauma Care Centre. This incident echoes prior injuries sustained before the WB Legislative Assembly Elections in 2021 and the Panchayat Polls in 2023.
15 March,2024 11:28 AM IST
Congress President Mallikarjun Kharge on March 11 blasted out on Prime Minsiter Narendra Modi over Electoral Bonds. Kharge claimed that PM Modi wants to hide his party’s dark deeds. “SBI asking for 4 months to provide the data of electoral bonds proves that the Modi government is trying to cover up its dark deeds… If SBI has the data then bring out the list, then why hide it? It does not take so much time. The BJP government does not want to let this information come out before the elections,” said Kharge. Watch video. to know what more he said.
12 March,2024 12:22 PM IST
The Supreme Court praised the growing Indian economy as robust and recognised in the world. The Supreme Court’s observation came while hearing the suit filed by Kerala Government against Centre. The Kerala Govt accused the Centre of not allowing it to borrow more money to meet its needs. Justices Surya Kant, KV Vishwanathan were hearing Kerala Govt’s plea raising the grave financial crisis. The Supreme Court remarked that India's economy is robust and is recognised in the entire world. Notably, India is currently the fifth largest economy of the world and visions to become the third largest soon. PM Modi has exuded confidence in returning to power and making the nation third-largest economy. External Affairs Minister also recently said that the country will soon move to grab the third position.
08 March,2024 06:10 PM ISTADVERTISEMENT
