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Thursday, April 4, 2024

India's newest billionaires list include a doctor, a CA and an MBA graduate who gave up a Rs 30,000 job Read more at: https://economictimes.indiatimes.com

 

India has witnessed the addition of 25 new billionaires, as reported by the latest Forbes list. Surpassing all other nations, the United States leads with 67 Americans joining the billionaire ranks, while China secures the second position, nearly doubling its number of new billionaires from the previous year to 31. The ongoing bull run in the Indian stock market has resulted in a record-breaking presence of 200 Indians on Forbes' 2024 list of the World's billionaires, a notable increase from 169 individuals the previous year. The combined wealth of these billionaires is rapidly approaching a trillion dollars, reaching a record total of $954 billion, which marks a significant rise of 41% from $675 billion the preceding year, surpassing the total of $750 billion recorded in 2022.

With the soaring shares of his conglomerate Reliance Industries, Mukesh Ambani's net worth has witnessed a remarkable surge to $116 billion from $83 billion, elevating him as the first Asian to surpass the $100 billion mark on the World's Billionaires list. Ambani retains his position as the ninth richest individual globally and continues to hold the titles of India's and Asia's wealthiest person. Notably, the wealth of more than two-thirds of Indian billionaires on the list has expanded expanded compared to the previous year.


Among the new entrants on the Forbes list are Dr Naresh Trehan, a renowned cardiovascular and cardiothoracic surgeon who has transitioned into a healthcare entrepreneur, owning and managing the Medanta chain of hospitals. Ramesh Kunhikannan, the founder of Kaynes Technology, has also been included, having supplied electronic systems for India's moon mission in August.Additionally, Renuka Jagtiani, who oversees the Middle East retailing giant Landmark Group, inherits her fortune from her late husband, Micky Jagtiani. The list also features financial services veterans Raamdeo Agrawal and Motilal Oswal, who co-founded the Motilal Oswal Financial Services. Vijay Agarwal, the managing director of Action Construction Equipment, makes his debut on the Forbes billionaire list.

Dr. Naresh Trehan

Dr. Naresh Trehan, the Chairman and Managing Director of Medanta The Medicity, is a distinguished cardiovascular and cardiothoracic surgeon, recognized for his achievements in the medical field. He has received prestigious honors such as the Padma Bhushan and the Padma Shri from the Indian Government, underscoring his significant contributions. With an impressive track record of over 48,000 successful open heart surgeries, Dr. Trehan's expertise is widely acknowledged.

After completing his medical education at King George Medical College, Lucknow, Dr. Trehan gained valuable experience at New York University Medical Centre from 1971 to 1988. Subsequently, he returned to India, founding the renowned Escorts Heart Institute and Research Centre in 1988. In 2009, he established Medanta, a prominent healthcare institution, where he holds a substantial stake in Global Health Ltd, the company operating the hospital chain. Dr. Trehan's entrepreneurial endeavors have also reflected in his significant net worth, estimated at $1.4 billion.

Motilal Oswal

Motilal Oswal serves as the Managing Director and CEO of Motilal Oswal Financial Services Ltd. (MOFSL). A chartered accountant by profession, he co-founded the company in 1987 alongside co-promoter Raamdeo Agrawal, who is a CA. Mr. Oswal has contributed significantly to the financial sector, having held positions on the Governing Board of the Bombay Stock Exchange (BSE), Indian Merchant’s Chamber (IMC), and various committees of BSE, NSE, SEBI, and CDSL. His net-worth is estimated at $1.3 billion.


Established initially in 1987 as a modest sub-broking unit with just two individuals, Motilal Oswal Financial Services Ltd. (MOFSL) has evolved into a comprehensive financial services firm. Presently, the company offers a diverse array of financial products and services encompassing Private Wealth, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking Private Equity, Commodity Broking, Currency Broking, and Home Finance.

Vijay Agarwal

In 1995, Vijay Agarwal established Action Construction Equipment, a company specializing in manufacturing construction equipment. He serves as the chairman and managing director of the company, which produces hydraulic mobile cranes, tower cranes, loaders, tractors, and agri-harvesters, all marketed under the brand name Ace. Alongside him, his wife Mona and son Sorab are actively involved in the business, holding positions on the board of directors.

Action Construction Equipment boasts an impressive clientele including industry giants like the Tata Group, Larsen & Toubro, and the Mahindra Group. Dissatisfied with a monthly paycheck of Rs 30,000, Vijay Agarwal, an alumnus of FMS, embarked on his entrepreneurial journey by leaving his position at Escorts in 1995 to pursue his vision.

The inception of Agarwal's company, Action Construction Equipments Ltd, took place in January 1995, under a tent in Faridabad, near his previous workplace. With a modest investment of just Rs 15 lakh sourced from his savings and provident fund, Agarwal initiated his entrepreneurial endeavor. Today, his net worth stands at an estimated $1.5 billion, a testament to his success and entrepreneurial acumen.


Wednesday, April 3, 2024

Battle of Haifa: How the Jodhpur Lancers helped liberate a city in West Asia during WWI Till Jodha's research on the subject, there was little awareness of the importance of the contributions of the Indian soldiers during the Battle of Haifa.:-The Indian Express

 

Jodhpur Lancers marching through Haifa, Israel, after they liberated it from the Ottoman Turks. (Credit: Brig M S Jodha (Veteran))

Every year on September 23, diplomats from India’s Embassy in Israel and Israeli government officials representing the municipality of the northern port city of Haifa gather at the Haifa War Cemetery to pay respects to the Indian soldiers who were killed and wounded in battle, on foreign soil.

This year, as part of a commemoration that has been followed for over a decade now, the Indian Embassy in Israel issued a statement saying India’s Ambassador and the Mayor of Haifa have “paid tributes to the valiant Indian soldiers who liberated Haifa on Sep 23, 1918”, to mark the 105th anniversary of the Battle of Haifa.


Residents of West Berlin show their children to their grandparents living in East Berlin, 1961

 


Babies in a divided Berlin, 1961.


Contributed by Yellapragada Madhusudhana Sarma thru FB







Guns N' Growth: Inside defence sector's explosive Make-In-India story :-ET

 

The 'Make in India' programme has nowhere reflected so successfully as in defence production. In less than a decade, India not only indigenised the manufacturing of a very large number of defence items but also turned into an arms exporter. A striking feature of this success story is that public-sector units (PSUs), which had become known for inefficiency and tardiness, have played a great role in this story.


The rocketing numbers
A few days ago, Defence Minister Rajnath Singh congratulated all stakeholders on crossing a big milestone in defence exports: India's defence exports have touched a record Rs 21,083 crore (approximately $2.63 Billion) in the financial year 2023-24, a growth of 32.5% over the last fiscal when the figure was Rs 15,920 crore. If the last decade is compared with the previous one, the growth picture gets more dramatic — defence exports have grown by 21 times in the last decade, from Rs 4,312 crore during 2004-05 to 2013-14 to Rs 88,319 crore
from 2014-15 to 2023-24. This explosive growth is fuelled by a strong indigenisation push by the government aimed at achieving self-reliance in defence when India seeks a bigger strategic role for itself in the world even as it races to become the world's third-largest economy. The rapid growth in defence manufacturing and exports have powered many PSU defence stocks to new highs.


Though the private sector has led the growth, defence PSUs too have made significant contributions. The private sector and the PSUs have contributed about 60% and 40% respectively.In addition, there has been a rise in the number of export authorisations issued to the defence exporters during 2023-24. From 1,414 export authorisations in 2022-23, the number jumped to 1,507 in 2023-24.

Making Indian military atmanirbhar

India is building a gargantuan defence-industrial complex, which includes large corporates such as L&T, Godrej and Adani to PSUs, startups and research bodies, and manufactures from ballistic missiles such as BrahMos and fighter jets to artillery shells and night-vision devices.

Achieving self-reliance in defence and reducing import dependency for military hardware is important for India to maintain its strategic autonomy. Imagine a country which is dependent on others for even its basic defence needs such high-latitude clothing. The Russia-Ukraine war, which saw western countries scramble to produce weapons to supply them to Ukraine and Russia unable to procure its military supplies from other countries, has underlined the need for self-reliance in defence systems. For India, which is now flexing its diplomatic muscles at the international stage to pursue an assertive foreign policy, defence indigenisation is all the more important. That's what Prime Minister Narendra Modi's Atmanirbhar project has set out to achieve.

India is lowering its dependence on foreign suppliers through a mix of policy initiatives that tap into design and manufacturing capabilities of public enterprises, large business conglomerates and even startups. Two major policy initiatives are the notification of positive indigenisation lists and earmarking 75% of the capital acquisition budget for procurement from local companies.

The government has given approval to nearly 45 companies/joint ventures operating in the defence sector with foreign OEMs (original equipment manufacturers), in addition to launching the Innovations for Defence Excellence (iDEX) scheme which aims to create an ecosystem which fosters innovation and encourages technology development in defence by engaging R&D institutes, academia, industries, start-ups and even individual innovators.

Out of 4,666 defence items, including assemblies, sub-assemblies, raw materials, critical spares and components, which were listed for indigenisation, 2,920 items have already been indigenised. 40 to 50 licences are issued every year in defence production.

Among the major defence items being exported, besides the big-ticket BrahMos missiles systems, are Dornier-228 aircraft, ALH helicopters, SU avionics, artillery guns, radars, armoured vehicles, rockets and launchers, torpedo loading mechanism, alarm monitoring & control systems, night-vision monocular and binocular, lightweight torpedo and fire-control systems, weapons-locating radar, HF radio, Kavach MOD, drones, artillery systems and explosives, and coastal surveillance radars.

Gunning for growth

The government aims to nearly triple India's total annual defence production to Rs 3 lakh crore by 2028-29. The target for defence exports is more than double at Rs 50,000 crore as against Rs 21,083 crore at present. The target for 2024-25 is Rs 1,75,000 crore worth of total annual defence production, which would include exports worth ₹35,000 crore.

India has been in overdrive to sell its indigenously built light-combat aircraft Tejas, manufactured by state-owned Hindustan Aeronautics Limited (HAL), but has failed to find a customer so far. This one item can lift India's exports to a very high level and put India into an exclusive club of countries that export fighter jets. The frantic search for Tejas customers continues as India tries to boost its defence exports and build relations with many countries in order to consolidate the Global South. A few days ago, India delivered HAL-228 aircraft to the defence forces of Guyana.

Rajnath Singh has said at the Times Now Summit recently that India is looking to export fighter jet engines in the future. He referred to the engine manufacturing agreement between GE Aerospace and Hindustan Aeronautics for the GE 414 engine that will power future variants of the Tejas.According to a report by brokerage house Jefferies India, with an estimated domestic defence opportunity ranging between $100-1$20 billion over the next five-six years, the sector anticipates a visible 13 per cent industry Compound Annual Growth Rate (CAGR) from FY23 to FY30. The export defence opportunities are projected to witness a commendable 21 per cent CAGR from FY23 to FY30.

Moreover, the Indian government's concerted efforts to bolster country-to-country relations aimed at promoting exports add another layer of buoyancy to the sector's prospects. Jefferies anticipates further upside in stocks like Hindustan Aeronautics (HAL), Data Patterns and Bharat Electronics (BEL).

Despite these projections, certain risks loom over the sector, including technology obsolescence and management bandwidth constraints, aid the report. However, with prudent strategies and robust government support, India's defence sector appears poised for exponential growth, driving both economic and strategic advancements.


Vodafone Idea receives shareholders' approval for Rs 20,000 cr fundraising Proposed financing may go towards Vodafone Idea's long-awaited 5G rollout and fortifying its 4G services :-Business Standard

 

Vodafone Idea has got approval from shareholders for a proposal to raise Rs 20,000 crore through a combination of equity and equity-linked securities, said the telecom company in a market filing.
"An Extraordinary General Meeting of Vodafone Idea Limited was held today, that is, Tuesday, April 2, 2024, at 3.00 p.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India," said the filing.
Vodafone Idea said on February 27 its board had approved raising up to Rs 20,000 crore in equity from promoters and other investors by June, with the aim of bolstering finances for the long-awaited 5G rollout and fortifying its 4G services.
The debt-ridden firm, in which the Indian government holds just over 33 per cent equity stake, intends to secure Rs 45,000 crore via a blend of equity and debt to match the offerings of competitors Jio and Bharti Airtel and potentially curb subscriber attrition.
The capital infusion will equip Vodafone Idea with resources to enhance its competitive stance in the telecom sector, where it trails significantly behind larger rivals Reliance Jio and Bharti Airtel.
Vodafone Idea is grappling with financial challenges, burdened by a debt of Rs 2.1 trillion, quarterly losses, and ongoing subscriber loss.
Despite these hurdles, Vodafone Idea's 4G subscriber base expanded to 125.6 million from 121.6 million a year earlier. The company has sustained growth in its 4G subscriber base and average revenue per user (ARPU) for ten consecutive quarters. Encouraged by improving operational metrics, the company decided to tap into the market for fundraising.In the quarter ended December, the company reduced its consolidated net loss to Rs 6,986 crore, compared to Rs 7,990 crore a year ago, and Rs 8,738 crore in the previous quarter.


WHAT IF MR.MODI -NDA WINS 407 SEATS IN LOK SABHA 2024 COMING ELECTIONS:-CONTRIBUTED BY MR.SUNIL SHARMA ON SOCIAL MEDIA


407 seats are required in Lok Sabha to abolish Waqf Board (This is more dangerous than Article 370 of Kashmir)

2. If Modi has 407 seats in Lok Sabha, then 10 crore Bangladeshi intruders will be driven away by implementing CAA_NRC law

3. If Modi has 407 seats in Lok Sabha, then Minority Commission will be abolished 4. If Modi has 407 seats in Lok Sabha, then Places of Worship Act will be abolished (Thousands of Hindu temples will be returned/ which were converted into mosques and given away) 5. If Modi has 407 seats in Lok Sabha, then Uniform Education Act will be made by banning Madrasa, the factory of terrorism 6. If Modi has 407 seats in Lok Sabha, then 600 Minority Ministries run by the Center and 29 State Governments, which have been running continuously for 77 years, will be abolished. 7. If Modi has 407 seats in Lok Sabha, then 2 child law will be made for everyone (Population Control Law) 8. If Modi has 407 seats in Lok Sabha, then UCC (Uniform Civil Code will be implemented in whole India/ which will ban 4 Nikah and 3 Talaq) 9. If Modi has 407 seats in Lok Sabha, then 100% property of stone pelters and rioters will be confiscated and there will be provision of 10 years of punishment 10. If Modi has 407 seats in Lok Sabha, then to make India the third largest power (economy) in the world, investment in IT, manufacturing, AI, agriculture and infrastructure will be increased by 100%.

A strong earthquake shakes Taiwan, damaging buildings and causing a tsunami

YES Bank, Tata Power, ITC, Suzlon, Reliance Power shares: 6 out of 10 top retail stocks turned multibagger in 1 year YES Bank, where 49.10 lakh individual investors held 22.11 per cent stake at the end of December quarter, saw its shares rallying 54 er cent to Rs 23.20 level from Rs 15.05 level a year-ago. Business Today bT

 As benchmark stock indices record high in Monday's trade, data compiled from corporate database AceEquity suggests six out of top 10 stocks on Dalal Street -- based on retail participation, delivered multibagger returns in the past one year. Two of these stocks delivered over 400 per cent returns!

YES Bank, where 49.10 lakh individual investors held 22.11 per cent stake at the end of December quarter, saw its shares rallying 54 er cent to Rs 23.20 level from Rs 15.05 level a year-ago. Two of three Tata group stocks in the list namely Tata Motors and Tata Power doubled investor money in the last one year. Tata Motors surged 136 per cent while Tata Power climbed 107 per cent.

Tata Steel, the third group stock in the top 10 retail list, advanced 49 per cent in the past one year. This was higher than the 39 per cent return delivered by the broader index BSE500 and 25 per cent return by the BSE Sensex. There were 41 lakh individual investors (12.78 per cent stake) with holding less than Rs 2 lakh in Tata Motors at December end.

There were 39.28 lakh retail investors in Tata Power (22.97 per cent) and 39.36 lakh retail investors in Tata Steel (17.02 per cent stake)at the end of third quarter.

Reliance Industries, which had 34.92 lakh investors, added 27 per cent during the period. Retail investors owned 7.68 per cent stake in India's most valued firm. Reliance Power shares soared 184 per cent in the last one year. This company had 34.86 lakh individual investors at 2023 end.

Shares of Suzlon Energy zoomed 412 per cent in the one-year period. This company had 34.62 lakh individual investors. India’s wind-turbine generators were hit by little capacity added and high debt. Suzlon, however, with 32 per cent of India’s installed wind-energy capacity, turned net cash (H1 FY24) for the first time since FY06, Anand Rathi noted.

"We expect the huge acceleration in wind-energy capacities benefiting listed OEMs, and the government of the day to be mindful of policy measures. Hence, we initiate coverage with Buy ratings based on 35x FY26e PE for Suzlon," the brokerage said.

ITC shares are up 11.76 per cent, underperforming the market. Indian Railway Finance Corporation Ltd shares surged 435 per cent while Vodafone Idea advanced 127 per cent during the same period.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

World Bank lifts India's economic growth forecast for FY25 to 6.6% :-Business Standard

 



The World Bank on Tuesday upgraded its FY25 economic growth forecast for the Indian economy by 20 basis points to 6.6 per cent, primarily because of “upward revisions to investment growth”.
In its latest bi-annual South Asia Development Update, the multilateral lender pegged India’s FY24 growth rate at 7.5 per cent, a tad lower than 7.6 per cent estimated by the National Statistical Office.
“South Asia’s growth outlook is somewhat stronger than in the previous edition of this report, by 0.4 percentage points for 2024 and 0.3 percentage points for 2025. This primarily reflects upward revisions to investment growth in India and somewhat faster-than-anticipated rebounds from last year’s recessions in Pakistan and Sri Lanka…Growth (in India) is expected to moderate to 6.6 per cent in FY2024-25 before picking up in subsequent years as a decade of robust public investment yields growth dividends,” the April update notes.
The World Bank said that growth in services and industry is expected to remain robust in India, with the latter aided by strong construction and real estate activity while inflationary pressure is expected to subside, thus creating more policy space for easing financial conditions.
“Over the medium term, the fiscal deficit and government debt are projected to decline, supported by robust output growth and consolidation efforts by the central government,” the update notes.
However, the report pointed out that India’s growth pickup in the near term is reliant on the public sector whereas private investment, in particular, continues to be weak. “Efforts to rein in elevated debt, borrowing costs, and fiscal deficits may eventually weigh on growth and limit the government's ability to respond to increasingly frequent climate shocks,” it cautioned.
For the South Asian region, the report said historically, sustained accelerations in private investment were most likely to occur when institutional quality was strong, the real exchange rate was competitive, and economies were more open to trade and capital flows.
The World Bank said unless revenues can be raised substantially by South Asian countries, government spending will be severely constrained, including on public goods. “The growth slowdown expected in advanced economies in 2024 and the heightened risks to the outlook will make it harder for South Asian governments to implement policies needed to address risks and long-standing development challenges,” it added.


Registration of cos, LLPs scales fresh peak in FY24 :-ET

 

India incorporated 16.3% more companies and 62.7% more limited liability partnerships (LLPs) in FY24 than a year before, showed the data released by the Ministry of Corporate Affairs (MCA) on Tuesday, reflecting growing optimism about the country's growth prospects over the medium to long term despite external headwinds.

A record 1,85,314 companies were incorporated in FY24, against 1,59,339 a year before, the MCA said in a post on X (formerly Twitter).

Similarly, the number of LLPs that were registered last fiscal touched an all-time high of 58,990, compared with 36,249 a year earlier. Steps to ease compliance burden and promote ease of doing business are also driving the record incorporation, officials have said.Importantly, the record incorporation comes despite complaints of technical glitches involving the latest version of the MCA21 portal for corporate filings and amid a continued crackdown on shell companies.

The officials had earlier said the faster addition of LLPs was also driven by bright prospects of services exports, which had held up despite faltering goods shipments in the wake of a global growth slowdown.The economy will likely grow at 6.7% this fiscal year and 6.5% in the next, more than double the global average, the IMF said in January.



Tuesday, April 2, 2024

A MUST READ FOR EVERY INDIAN AS TO HOW NGOs IN INDIA ARE BEING USED BY USA TO DESTABLISE OUR COUNTRY :-CONTRIBUTED BY SOMEONE ON SOCIAL MEDIA.

The presence of Barack Obama and 

George Soros in London and meeting anti-India people is not a coincidence.
There is repeated mention of a deep state, of which they are a part, which wants to overthrow the Modi government in India through its agents and brokers. Every day creates a new mess. After all, what is this deep state, why do they keep creating chaos in the whole world.

The Deep State is a gang of rich people who own half of the world's property and wealth. The wealth of each member is more than the GDP of many countries of the world. They control the economy of the entire world.

It is through the deep state that the wealthy want to keep the entire world's business under their control, even if it means killing thousands of people.This deep state has destroyed Iraq, Yemen, Syria and Libya.

If there is no government of their choice then they plot a coup.Capitalists from this deep state run governments in America and Europe. These are the people who create chaos in African countries. 

These deep states make and break governments in Pakistan with the help of the American government. The same deep states are creating chaos in India also through their slaves.They want the people of India to slave for them and buy their goods. The Deep State is a modified version of the East India Company which wants to make Indians its economic slaves by any means.

The biggest gang in the Deep State is the arms lobby of America, which keeps the government there as its puppet.

Thousands of people in America become victims of indiscriminate gunfire every year. After every massacre, especially in schools, every government talks about licenses but becomes silent under the pressure of the arms lobby.

This same arms lobby has been waging wars all over the world for decades.When it ended in Vietnam, it started in African countries. What ended in Iraq then started in Syria and Yemen. Libyan dictator Gaddafi was eliminated.

What ended in Afghanistan then started in Ukraine. The Ukraine war will end only when the arms lobby finds a new battlefield.The arms lobby does not want any other country to enter the world arms market. Russia is a big arms manufacturer and exporter but at present it has to import from China.

The US arms lobby does not like India to import or manufacture weapons from any country other than them.But Modi is made of different material and does not come under their pressure. They also import from Russia and France and are also exporting on a large scale.

Every day a new rocket, missile, tank, heavy gun is being tested. Arms are being exported.In such a situation, it is natural for the deep state to get nervous. They are sending crores and billions of rupees to India through their NGOs and Hawala. What do traitor Indians want, money? He is getting his fill. 

Every day on some pretext or the other they block roads and stop trains due to which the people of the country suffer losses worth crores of rupees every day.A plan has been made to increase exports manifold in the next 5 years.

Open Society Foundation, Rockefeller Foundation, Ford Foundation, Bill Gate Foundation have opened hundreds of NGOs in India.There is hardly any leader within India who does not have one or several NGOs, there is hardly any bureaucrat whose family does not have an NGO. There is hardly any journalist who does not have an NGO. Kejriwal started his NGO in 2000 when he was in government service.Money is coming from abroad to fill all these. Obviously the one who gives money will also get his work done.I do not mean to say that all NGOs are bad. 

Many NGOs are also working for the welfare of the poor and the country.

But some NGOs were engaged only in anti-India activities. Blocking development was on their agenda.If India develops, the business of the deep state will suffer.

Through these NGOs, the Deep State created obstacles in building dams for irrigation in India, and kept filing petitions in the SC to stop the construction of roads on the border in the name of environment. Create obstacles in building highways and expressways.

Roads and transmission lines in forests do not kill.Hundreds of NGOs are still engaged in conversion.Licenses of thousands of NGOs have been canceled but through some illegal means they still reach the traitors in India.♦️













लंदन में बराक ओबामा और जॉर्ज सोरोस का होना और भारत विरोधियों से मिलना कोई इत्तेफाक नहीं है।

बार बार एक डीप स्टेट का जिक्र होता है, जिनके ये हिस्सा हैं, जो भारत में अपने एजेंट्स और दलालों के माध्यम से मोदी सरकार को उखाड़ फेकना चाहती है। हर दिन एक नया बवाल खड़ा करते है।

आखिर यह डीप स्टेट है क्या, क्यों पूरी दुनिया में उथल पुथल करते रहते हैं।

डीप स्टेट उन धनाढ्यों का एक गैंग है जो पूरी दुनिया की आधी संपत्ति और दौलत की मालिक है।

एक एक मेंबर की दौलत दुनियां के कई देशों के GDP से ज्यादा है। ये पूरी दुनिया की अर्थव्यवस्था को कंट्रोल करते हैं।

डीप स्टेट के जरिए ही धनकुबेर पूरी दुनिया का व्यापार अपने कंट्रोल में रखना चाहते हैं चाहे इसके लिए हजारों लोगों की जान ही क्यों ना लेनी पड़े।

इसी डीप स्टेट ने इराक, यमन, सीरिया, लीबिया को तबाह किया है। मनमाफिक सरकार नहीं है तो तख्ता पलट करने की साजिश रचते हैं।

इसी डीप स्टेट के कैपिटलिस्ट अमेरिका, यूरोप में सरकारें चलाते हैं। यही लोग अफ्रीकी देशों में उथल पुथल करते हैं। यही डीप स्टेट अमेरिकी सरकार की मदद से पाकिस्तान में सरकारें बनाते बिगाड़ते हैं। यही डीप स्टेट भारत में भी अपने  पाले हुए गुलामों के जरिए उथल पुथल कर रहे हैं।

ये चाहते हैं कि भारत की जनता उनके लिए गुलामी करे, उनके सामान खरीदे। डीप स्टेट ईस्ट इंडिया कंपनी की मोडिफाइड वर्जन है जो किसी भी तरीके से भारतीयों का अपना आर्थिक गुलाम बनाना चाहती है।

डीप स्टेट में सबसे बड़ा गैंग अमेरिका की हथियार लॉबी है जो वहा की सरकार को अपना कठपुतली बना कर रखती हैं।

अमेरिका के अंदर हजारों लोग हर साल अंधाधुंध गोलियों के शिकार होते हैं। हर हत्याकांड, विशेषकर स्कूलों में हत्या के बाद हर सरकार लाइसेंस की बात करती है लेकिन हथियार लॉबी के दबाव में चुप हो जाती है।

यही हथियार लॉबी दशकों से पूरी दुनिया में युद्ध करा रही है।

वियतनाम में खत्म हुआ तो अफ्रीकन देशों में शुरु किया। इराक में खत्म हुआ तो सीरिया, यमन में शुरु हुआ। लीबिया के तानाशाह गद्दाफी को ख़त्म कर दिया।

अफ़गानिस्तान में खत्म हुआ तो यूक्रेन में शुरु हो गया। यूक्रेन युद्ध का अंत तभी होगा जब हथियार लॉबी को नया युद्ध क्षेत्र मिल जायेगा।

हथियार लॉबी नहीं चाहता कि कोई और देश दुनियां के हथियार बाजार में प्रवेश करे। रूस बड़ा हथियार निर्माता और निर्यातक है लेकिन इस समय उसे ही चीन से आयात करना पड़ रहा है।

यूएस के हथियार लॉबी को यह बिल्कुल पसंद नहीं है कि भारत उनके अलावा किसी अन्य देश से हथियार आयात करे या निर्माण करे।

लेकिन मोदी अलग मिट्टी के बने हैं, इनके दबाव में नहीं आते। आयात भी रूस और फ्रांस से करते हैं और बहुत बड़े पैमाने पर निर्यात भी कर रहे हैं।

हर दिन एक नए रॉकेट, मिसाइल, टैंक, हेवी गन का परीक्षण हो रहा है। हथियारों का निर्यात हो रहा है।

अगले 5 साल में निर्यात में कई गुना बढ़ोत्तरी की योजना बनाई जा चुकी है।

ऐसे हालात में डीप स्टेट का बौखला जाना स्वाभाविक है। वे अपने NGOs और हवाला के जरिए करोड़ो, अरबों रुपए भारत में भेज रहे हैं। देशद्रोही भारतीयों को क्या चाहिए, पैसा। वह भर भर कर मिल रहा है। हर दिन किसी ना किसी बहाने सड़के जाम करते हैं, रेल रोकते हैं जिससे देसी को हर रोज करोड़ों का नुकसान होता है।

ओपन सोसायटी फाउंडेशन, राकफेलर फाउंडेशन, फोर्ड फाउंडेशन, बिल गेट फाउंडेशन ने सैकड़ों की तादात में भारत के भीतर NGOs खुलवा दिए हैं।

भारत के भीतर शायद ही कोई नेता हो जिसका एक या अनेक NGO ना हो, शायद ही कोई ब्यूरोक्रेट हो जिसके परिवार के पास NGO ना हो। शायद ही कोई पत्रकार हो जिसके पास NGO ना हो। केजरी ने 2000 में ही NGO शुरू कर दिया था जब वह सरकारी नौकरी में थे।

इन सभी को भर भर कर विदेश से पैसा आ रहा है। जाहिर है जो पैसा देगा, वह अपना भी काम कराएगा।

मेरा कहने का मतलब यह नहीं है कि सारे NGO बुरे होते हैं। बहुत NGO गरीबों और देश की भलाई के लिए भी काम कर रहे हैं।

लेकिन कुछ NGOs तो सिर्फ़ और सिर्फ़ भारत विरोधी कामों में जुटी हुई थी। विकास को अवरूद्ध करना इनके एजेंडे में था।

भारत विकास करेगा तो डीप स्टेट के व्यापार का नुकसान होगा। इन्ही NGOs के जरिए डीप स्टेट ने भारत में सिंचाई के लिए डैम बनाने में रोड़ा अटकाए, पर्यावरण के नाम पर सीमा पर सड़कों के निर्माण को रूकवाने के लिए SC में याचिकाएं दायर करते रहे। हाईवे और एक्सप्रेस वे बनाने में रोड़ा अटकाते हैं। जंगलों में सड़के और ट्रांसमिशन लाइन नहीं ले जानें देते।

सैकड़ों NGO आज भी धर्मांतरण में जुटे हुए हैं।

हजारों NGOs के लाइसेंस रद्द किए जा चुके हैं लेकिन किसी ना किसी अवैध रास्ते से भारत में देशद्रोहियों के पास पहुंचा ही देते हैं।♦️

Monday, April 1, 2024

MAJOR COMPLIANCE DUE DATES FOR APRIL 2024

 Wishing you have great wealth growth in the New Financial Year 2024-25. Sharing the major compliance due dates for April 2024. 

 
DateDayActParticulars
07.04.2024SundayIncome Tax
  • Deposit tax deducted by office of government for the month of March 2024.
  • Deposit tax collected for the month of March 2024.
10.04.2024WednesdayGST
  • File GSTR -7 by TDS Deductor for the period of March 2024.
  • File GSTR -8 by TCS Collector for the period of March 2024.
11.04.2024ThursdayGST
  • File GSTR -1 for taxpayers whose turnover exceeds Rs. 5 crores or those who have opted to file monthly returns for the month of March 2024.
13.04.2024SaturdayGST
  • File GSTR-5 by Non-Resident Taxpayers and OIDAR service providers
  • File GSTR-6 for Input Service Distributor for the month of March 2024.
  • File GSTR 1 by taxpayers who opted for QRMP scheme for the period of January 2024 - March 2024.
14.04.2024SundayIncome Tax
  • Issue TDS Certificate for tax deducted under section 194-IA, 194-IB, 194S and 194M in the month of February 2024.
15.04.2024MondayIncome Tax
  • Quarterly statement in respect of foreign remittances to be furnished by authorized dealers in Form No. 15CC for quarter ending March 2024
  • Furnish statement in Form No. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of March 2024.
15.04.2024MondayP.F/E.S.I.
  • Deposit of ESI & PF collected during the month of March, 2024.
18.04.2024ThursdayGST
  • File CMP-08 for the period of January to March 2024.
20.04.2024SaturdayGST
  • File GSTR-5A by Input Service Distributor for the month of March 2024.
  • File GSTR-3B for taxpayers whose turnover exceeding 5 crore or opted to file monthly return for the month of March 2024.
22.04.2024MondayGST
  • File GSTR -3B for taxpayers who has opted for Quarterly filing as per QRMP Scheme for the period January 2024 – March 2024 for specified states*.
24.04.2024WednesdayGST
  • File GSTR -3B for taxpayers who has opted for Quarterly filing as per QRMP Scheme for the period January 2024 – March 2024 for specified states**.
30.04.2024TuesdayIncome Tax
  • Furnish Challan cum certificate for tax deducted under section 194-IA, 194-IB, 194 -S, 194-M in the month of March 2024.
  • Furnish Form 24G by an office of the Government where TDS/TCS for the month of March, 2024 has been paid without the production of a challan
  • Deposit Tax deducted by an assessee other than an office of the Government for the month of March, 2024.
  • File declaration in Form No. 61 containing particulars of Form No. 60 received during the period October 2023 to March, 2024
  • Upload declarations received from recipients in Form-15G/15H during the quarter ending March, 2024.
  • Deposit TDS for the period January 2024 to March 2024 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H

*Specified States: - Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, UTs of Daman, Diu and Dadra & Nagar Haveli, Puducherry, Andaman & Nicobar Islands & Lakshadweep.

**Specified States: - Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, J & K, Delhi UTs of Ladakh and Chandigarh.

By 

CA. Pramod Jain
B. Com (H), FCA, FCS, FCMA, LL.B, DISA (ICAI), MIMA, Insolvency Professional

Lunawat & Co. | Chartered Accountants
www.lunawat.com | www.capramodjain.com
pramodjain@lunawat.com
+91 9811073867








Happy New Fiscal Year: Important Changes That Will Come Into Effect From 1 April 2024 Now, as the new fiscal year kicks in, here some of the important changes that will come into force from 1 April. It is better to be prepared and informed, than to catch-up. FREE PRESS JOURNAL

 

The New Year usually brings about a new hope with a whiff of optimism in the air, more often than not. The New Fiscal Year is no different. In India, the business world bids adieu to the previous financial year, in this case, FY24 or Financial Year 2023-2024, which started in 1 April 2023, and is now going to culminate on 31 March 2024. Now, we usher into FY25, starting on 1 April 2024.

Now, as the new fiscal year kicks in, here some of the important changes that will come into force from 1 April. It is better to be prepared and informed, than to catch-up.

New Tax Regime

First and perhaps the most important of all, the New Tax Regime will kick in. This will be the default tax regime for taxpayer, unless they chose otherwise.

Here, the income tax slabs will remain unchanged. The interim budget has not introduced any alterations to these regulations. Under the renewed scheme, individuals earning an income of up to Rs 7 lakh annually will not be liable to pay taxes. Individuals with income between Rs 9 lakh and Rs 12 lakh, are expected to pay 15 per cent tax. Individuals in the bracket of Rs 12 lakh and 15 lakh, will have to shell out 20 per cent. Furthermore, incomes earners with more than Rs 15 lakh, are expected to pay 30 per cent.

FASTag KYC Rule

KYC or Know your Customer system has become essential to the larger systemic parlance in India. In addition to banks and other payment avenues, authorities have made it mandatory for users to update their KYC for their FASTag account. Users without KYC before 31 March will run into issues at the toll booth. This, as without KYC, their account could also deactivated.

NPS New Authentication Rule

The National Pension System, which is at the cornerstone of many personal fiscal activities will employ and an additional rudimentary layer of security. This would be seen in the form of a two-factor authentication oriented through Aadhaar for password-based CRA system access.

According to the PFRDA circular, an Aadhaar-based login authentication will be incorporated into the existing User ID and Password-based login process. This integration will enable 2-Factor Authentication for accessing the NPS CRA system.

This will aid the system by reducing avenue of any spoofing.

Mutual Funds
31 March will also be the last date for some investors to make the required changes for seamless investment. From 1 April, investors, who not updated their KYC will not be allowed to complete any Mutual Fund transactions. This would impact major avenues including Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP).

SBI Annual Maintenance Rate Hike

In a move that will impact both Credit and Debit card users of the largest lender of the country, the bank will revise its reward points accrual policy for credit card users. Effective April 15, 2024, the accrual of reward points on credit card rent payments will cease for select credit cards. This change underscores the need for credit card holders to review their rewards.

For debit card users, the bank has announced a hike in annual maintenance charges for certain debit cards, with an increase of Rs 75, starting from April 1, 2024. The information was provided on their official website.

Axis Bank Credit Card Changes

Starting 20 April, further truncating the ambit of reward points, here spending on fuel, gold and insurance would not earn customers any reward points.

In addition, the number of complimentary guest visits for domestic and international lounge programs will be reduced from 8 to 4, effective immediately.

Yes Bank New Lounge Perk

Next in line is Yes Bank, but with some perquisites. Yes Bank credit users, who spend more than Rs 10,000 in a calendar year will be eligible for a additional lounge access, for domestic usage.

ICICI Lounge Access

Similar to Yes Bank, one of the largest private lenders in the country will give complimentary airport lounge access, when the expenditure through the card is at Rs. 35,000 in the previous calendar quarter.

Insurance Surrender Rule

The Insurance Regulatory and Development Authority of India (IRDAI) has unveiled the finalized regulations regarding surrender value. Starting April 1, 2024, surrender values may either remain unchanged or decrease for policies surrendered within three years.

E-Insurance Rule

The Insurance regulatory body of the country has notified a new rule, that would make it mandatory for creation of a digital version of the insurance policy or digitize the insurance policy. Starting 1 April, all polices across the board will be issued electronically.

USED HERE FOR EDUCATIONAL PUPROSES OF COMMERCE STUDENTS