‘Finance Ministry Treats You Like…’: Mohandas Pai Has This Request For PM Modi | Budget 2024
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- Опубликовано: 5 сен 2024
- In less than a week, Modi 3.0’s maiden budget will be presented by Finance Minister Nirmala Sitharaman, but there’s distress on the jobs front, the number of rich surrendering their Indian passports is likely to end at a figure higher than last. The middle class wants a break. In this exclusive interview, Mohandas Pai, Chairman of Aarin Capital talks about the industry, middle class, and startups’ expectations. Watch the full interview to know more.
#mohandaspai #budget2024 #modigovernment #nirmalasitharaman #financeministernirmalasitharaman #incometaxslab #budgetexpectations #angeltax
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Our FM is insensitive to middle-class paint points, inflation and high direct tax is torturing us.
She is Tax minister
FM is a red chilli eating person....filled with venom. Even in parliament,she barks like a fish monger without any decorum nor courtesy.
This is the ground reality for middle class in India. This is the right time to look beyond middle class and foucs on corporate india, rich and ultra rich. Every time middle class is being taxed heavily.
The same here in Canada brother😢
If you earn 1 Cr+ you end up paying almost 40% tax due to surcharges, so they are not sparing rich either. Ultra rich are the only people making a lot of money..
@@safinnair7502The problem is not tax, its not getting anything back from government
Love this, we need more industrialists in positions of power than unproductive caste-based politicians who have never worked a real job. Mr Pai should run for office please.
Not him at least who advocates for 70 hr work week
We need Mr. Pai as FM not bureaucrat kind of Mrs. Nirmala Sitharaman
She is not bureaucrat she was shale's woman
Modi is the real FM
Totally agree.
S
Agree
He couldn't deliver a reasonably performing software for banks or IT department and will he be able to deliver as FM for this vast country with diverse requirements?
Brilliant !!! Mohandas Sir Backs each stmt with data !!
Yeshe thanked PM for the budget with the data !
Very well said. Modi ji hasn’t been up to the mark in controlling Nirmala Sitaraman making stupid taxation policies. The middle class is paying 30% tax. What’s left to eat or save after that? We are all a family of 4 & 2 dependant parents. Modi ji please save us from taxes. I guess the country already has adequate money. More taxes goes into pockets of corrupt politicians. What’s the use of that?
Don't blame Nirmala sitaraman she's just an arrogant and short tempered front face with no or little knowledge. It's the bunch of advisors that formulate and implement.
Taxes should be backed by social security so that everyone is happy paying taxes.
Only 30%. You already pay tax. And you decide to have some savings. That again would be taxed. Tax on FD , long term retirement savings, tax , tax….When you buy a chocolate for your kid you pay GST- 18% . Because it’s a luxury. The funny part is there are no taxes for political donations or religious donations. Those who can flee this country please do it. That seems to be the only solution where you can assure that you work for yourself and get something decent in return for the taxes one pays.
True
Thanks. This is the dilemma we middle class pensioners face.
Even mutual funds capital gains tax needs a relook for the pensioners.
Wish Mohan Das Pai would write to PM on behalf of all of us.. The middle class always suffers.
Wonder now can Sitharaman do any changes, the budget must be ready and waiting for 23rd speech right???
education and health is not for Nirmala ji
She is actually not suppose to hold any portfolio. Why couldn't she survive as defence minister. She will drain every single drop from middle class and salaries workers.
Kick the person out who initially suggested Sitharaman as FM first
It is Nraendra Modi.....
She has no right to be part of the NDA cabinet as she is not elected by us voters.
Thank you so much for raising this issue. Throughout our careers we the salaried class would have easily paid a couple of crores in income tax, let alone all other taxes. After paying so much taxes, god forbid something happens to the main bread earner we cannot expect anything from Government. At least we don’t have good road infrastructure, except for the main roads. Garbage being dumped on street, raising healthcare costs, rising educational costs. The constant pressure of carrying the tax burden is back breaking. At least this man has raised this issue, enough of glorifying the PM. He is the chief public servant at the end of the day, not god or even our father or grandfather.
Well said Mr. Mohandas Pai sir.
More middle class must raise voice.
Nirmala is useless, rightly said, PM must walk the talk.
Jyothiji its time to wake up. Every FM is taking Middle Class for ride.
Brilliant... Truly upsetting.. To see middle class 2-3 % pay taxes... What kind of equality is that? Additional to TDS... We have to pay 18-22% GST....
I STOPPED BUYING anything but essentials.
People have crore spent in wedding... This is slowly looking like a African country.
One fracture for a senior at home and school fee is killing us.... If I could I would leave India. 😢
Tax terrorism is the correct word only the sufferer will understand. I have a family of 4 to support from my salary, but the government tax policy is so stupid paying 30% tax from hard earned salary is like extrotion only by the government.
Yeah move to Canada and pay 45% tax right? Atleast you earning in dollars right?
@@pkmkb007every one can not move outside India,they might have their other responsibilities. But many are moving out of India every year because of this tax terrorism.some will be victims of it and some will leave.
Modiji lost contact with common Indians. GST is breaking the back of Indians. FM has no sense.
The moment GST is applied to petrol and diesel, the common man will be able to afford most things.
Tell that to the people who think and vote with their religion.
@@dittokiller
But the big businessman will not allow that
Mohandas Pai - pride of India. Pinpoint accuracy with facts and data to back up each statement ❤❤❤
Sir pai , why do you waste time , BJP is going to tax only middle-class people. They will harass only form 16 middle class people. At least they should take advice of Dr. subramany swamy .
Cartoon
Non sense.. Everybody till date done that only. Needs change. But change your taste..!
Paper Tigress
Nirmala doesnt care
Nothing will change. Life will continue as usual 😌. Sad but true. I agree with Mr. Pai, that agencies have tremendous power which is often misused.
As subramania swamy said all IT should be removed. All citizens are paying from 5 to 28 % taxes in the name of GST. No limit. So govt should stop IT.
On top of that income tax people are harassing middle class which has upset middle class further.
P.M should intervene to stop this Tax terrorism. I have struggled to get two masters without quota and struggled 18 years in services sector and IT, Opted for no Kids since we are not confidenet of this unsustainable system, Still cannot break out of Middle class. who's fault ? Modi ji must do something for people who are Honest.
Well said sir...Voice of the Bharat ...janta ki aawaaz h ye.....
Hello hi sir and madam all the best and Good luck sir jai Jai India 🕉 🙏 🇮🇳 ❤️
No Government for Middle Class..we pay IT of 36 percent with surcharge alongside GST for everything from mosquito coil to car😢
Mohandas pai sir very important person in India on country development issues, government should utilize his service he was very much visionary.
Rightly narrated Mr.Pai. Appreciate your brilliant statement on various policies and concern towards middle class who are under pressure of inflation. The cost of vegetables and edibles are shooting every day.
Tax Administration is not fair and unreasonable and unfriendly. Look at LTCG on shares and MF 's. And Next is AIS with full of Mistakes and double entries and even updation till June middle. If there is mismatch and does not tally, you may get IT notice, scare from news report.
If the government wants to protect the youth from F&O trading (since research shows 70-80% lose money), they should encourage long-term capital investments by either reducing taxes or raising the tax threshold to ₹10-20 lakh or increase a bit on short term tax and remove tax on longterm capital gain just like the old times .
Rightly said. You summed it well.
When will the GOI listen to this predicament of the Middle and low income groups.
Abolish income tax !!!
We dont need it subramanian swami is saying this for a long time
OK.But what are other resources for country's development works.
@@jayaprakashthampuran6521 auction 2g 3g 4g 5g spectrum license auction coal blocks sell all psu nationalize all foreign accounts
Give gst returns for common people also for their all purchases.
Inflation is eating all the savings,above which so many taxes.... it's terrible
I support Mr. Mohandas Pai.. We need more tax breaks for middle class citizens.
Very well said sir
India is living out of middle class money... what a shame
😢Tax Payers money is being wasted in giving the Freebies and Subsidies in India just for Vote instead of utilising It for the development of the country 😮😢
How many times a citizen has been looted his hard earned money by government? FM was blinking when a share trader questioned the nature of squeezing his money through direct and indirect taxes. government taxes our income first.. shamelessly again and again they demand us to pay tax on everything except what we breathe , something similar to nokku kooli, extorting money for loading or unloading commodities without doing the work. Who is there to dare this highway robbery?
100% True❤
Middle class pay tax honestly and also vote for Modiji .....but the PM distribute to the so called farmers who don't even vote for him.....Mr PM please wake up..😂
Sir has always been a sane voice in the country.. Even since before 2014...
A big salute to Mr.Mohandas Pai for speaking against Nirmala Tai
But still he is hoping PM will do some magic... doesn't he know FM is doing whatever she is only with the blessings of PM?
Taking the burden of corporate taxes onto common people!!
Rich becoming super rich and poor become poorer!!
Rich agriculturists are exempt from tax, making a mockery of the system !!!
and they want legal guarantee for MSP, its right time to tax them whilst giving legal guarantee. cost and expenditure will even out hopefully.
Tax the rich farmers. Why should they be exempted?
Most of the businessman which include Pai felt great during the last 10 years due to the policy that favoured the rich at the expense of the poor. When addressing the need of the poor, the growth will be less visible, you will be taking longer and perhaps the numbers are unlikely to look great . Now they discover that without those poor generating more demand side supply side is a wasted exercise. Never realised the ground slipped under your feet,The industrialist whose tax were reduced to 25% never generated more jobs.
No social security /no incomes/only gamble and create self income /and make govt of india rich to maintain our so called elected representatives healthy and wealthy
Sir, you are absolutely correct, government has to reduce the tax. But all our request is fallen in deaf years
Opportunity to listen a great speech and ideas for the govt agencies to implement for the benefit of the country.
Excellent Sir ! Glad to see you have voiced out for the Middle class, over many decades Millionaires like PC, Arun were FM and they never realized the pain of Salaried class , I honestly believed when Nirmala took over she will there will be relief, but it was great disappontment, rather it was wounding when she made statements like She is not eating onions, she is also paying IT etc...I fully understand this Govt is trying to build better Infrastructure, reduce corruption etc but what is benefit if you are not serving the hungry person with bread immediately ? Will you say wait I am preparing a feast for you and future and stay hungry? Senior citizen concession also reduced...hope FM realize the reality not go in to egoistic mood this time... if not it's not FM going to loose, as she's anyways not elected by people... great loser will be BJP, Modiji and so on...with so much accumulated central funds the next govt most likely Congress led will indulge in all populist measures like waive off the farm loans, agriculture loans etc...
Brilliant Sir...atleast somebody has come up for people like is
Well spoken Mohandas Sir 👍🏼
Absolutely true😢
Hard earned money is gone in air with no benefits, it’s being distributed to poor and rich people like free goodies and corporate favors. Poor employee / middle class segment like squeezed lemon till dead skin. Very pathetic.
Removal of indexing is ridiculous by govt.
Wonderful 👍
You are correct Sir.
PM has to think about the rising cost of living and the price rise which is affecting the middle income group and the pensioners.Household saving becoming dry.Cost of hospitalisation sky rocketing. This middle class expected 'achhe din' from Modi.1 gave strong support for Modi.2 and still supportive of modi.3 but what it got in return ?
A starved middle class cannot be aspirational. Modi and his team should understand this.
Hindustan Times is requested to reproduce this viewpoint of Mr Pai in Hindi and other provincial languages for the benefit of all the people of this country because all cannot understand English.
He is correct. Govt is for the people. They should listen to common man views on taxes.
Thanks Mr. Pai for being the voice of people.
I love this guys logics
True Mr. Pai. Middle class salaried class people suffering with overburden on income tax year after year who contribute.
Sir , i was a staunch critic of you on some of your views. But now I realise that you have got the guts to name things, to call spade a spade.
Salute you Mr Pai
Fully agree FM is shameless. She has no mind of her own and playing in the hands of Bureaucrats and Industrialist.
Pai sir well said 👏👏👌
Nothing going to change.. The salaried going to be under the wheels for ever..
He is absolutely right, feel it everyday. I pay huge amount of tax but in return I do not get anything. If I go on the road I toll tax, you cannot go toa government hospital, you cannot put your kids into government schools, government buses are third class. Never get reservation in railways, railways are still dirty. Our cities are still dirty, and the government colonies in the city are worse so we are forced to live in gated communities built by private , the quality of life in cities are not really improving at all. Health insurance you have to buy separately so what Facility is government providing in return of the Tax? government is distributing free bees like a bl*** mindless person. Why are we all paying tax?
Instead of living in india I am planning to move either to Dubai or some European country at least I will have a better quality of life.
We are the new bharat....we have a right to speak
Please ask does STT and Capital gain is justified
PM Modi should fire the FM and halve the taxes to save BJP.
Aunty should quit and industry leaders should run finance ministry instead of bureaucrats
rightly said.. replace with piyush goyal saab ,, as he is CA
Modi Shah Nadda are busy stealing our tax money to fund their elections...only Honest and Sensitive guys left are Rajanth and gadkari...
Industrialists are great looters joining hand in glove with the ruling party. First time I heard today te most arrogant PM talking that al parties should work together for youth, women, poor etc. for the progress of nation.
Had he adopted this since 2014 and allowed healthy debate in Parliament we would not have wasted 10 precious years. He was more interested in throwing out using dummy speaker to throw it Rahul and Moitra from parliament.
Allowing Modi to continue is deadly dangerous to the country. He is for people who celebrate ₹5000 cr wedding. Sorry state of affairs.
கிழவி, should quit. Pl. Change your statement
Mohandas Pai sir you are super | TAX terrorisam should be stopped on middile class | middle class living in bangalore is horrible | 100 of years my parents lived here
Yes , we need a person like him who knows the difficulties of poor and middle class people and knows how the corporate tycoons are looting and enjoying all kinds of rebates.
He is blunt and truthful
Middle class voters gave a warning to MODI in last election, if he does not understand it, he will be thrown out of his post.
Hope more Mohandas tribe complain and give good suggestions.
Pull down Tai Ma and make this man FM!!!🔥🔥🔥
We are definitely suffering tax terrorism and govt needs to take action immediately
Modi Govt ,Eye opener ,Hope they listen to veterans 😊
Modi ji cut more taxes for corporates like Ambani and Adani. And middle class will move to another country bcos there are no good facilities for the taxes the middle class pays.
some one actually spoken logically and reality
Thank you Sir. Happy to hear you speaking out on this important issue. Ronald Reagan had impacted US development a lot by significantly reducing the taxes and popularized it as Reaganomics. It resulted in significant growth in the US in the 90s. I am sure same can happen to Bharat as well by thinking out long term and trusting the entrepreneurship nature of Indians.
Well educated people who can be brilliant asset for country are really suffering under money pressure
Atlast he has realized and raising his voice against Govt.... Now he understood education is important
A class four in EB is getting more salary compared to Manager in most of Private sectors .
Only Government employees are benefited during Modi government rule and expenses of others Government taxing more to feed their employees and private passing this burden to employees.
It is a long time to have a Finance Minister to present 7 consecutive budgets. No fresh air or vision. It is needed to induce fresh talent to bring in fresh thinking and environment. That should be a priority to Modi O. 3
The only speech that soothing me
India should publish monthly employment report and RBI should be given Fed like dual mandate of maximum employment and 3% price stability tht; RBI and Govt should ensure below 5% headline unemployment rate with min wage like 45K
This year FM must give tax concessions to middle class salaried class, government must not take them for granted.
Please watch these channels if you want to have lower taxes.
Not coming on roads is okay, but support the right channel so that the views reach the destination
At last Mohandas Pai has found his own voice
Govt trying be oversmart. No facilities compared to tax.
Finally someone saying truth
I have a feeling that Budget 2024 will once again disappoint us -- the middle class! 😢
Tax authority became a harassment department....thanks to Nirmala and shah politics...
One Man talking for Common People
Practical& realistic and also growth oriented suggestions.🎉
Can't beleive our country has a finance minister that's doesn't understand basics of finance. It's shocking. There are 1000's of agressive intelligent mature leaders like Mr Pai that we need who doesn't care north south he knows India inside out
Job Security is low. So taxing middle class salaries along with Job Insecurity is even more hurting
World super economist Dr.nirmala seetaraman plz stop this kind of tax terrorism,
Tax everyone in the country, if that calls for unrest be it. Change has to come, one nation one tax for all. No slabs, flat 20% for salary above 5lkhs.
10 years NDA did not do anything for taxpayers...jokers....
The current Finance Ministry must change.. Period.
Mr Pai is correct.
Remove direct income tax