GAUTAM SEN ON INHERITANCE TAX
![Wealth Redistribution Tempest: Much ado about nothing (read no vote bank)?](https://img.etimg.com/thumb/msid-110416459,width-100,height-75,resizemode-4/news/elections/lok-sabha/india/wealth-redistribution-tempest-much-ado-about-nothing-read-no-vote-bank.jpg)
Wealth Redistribution Tempest: Much ado about nothing (read no vote bank)?
The idea of wealth redistribution proposed by Congress leader Rahul Gandhi has sparked a heated debate in India's political landscape, with Prime Minister Narendra Modi labeling it as 'dangerous'. The discussion revolves around conducting surveys to assess wealth distribution and potential redistribution policies, stirring up controversy and accusations between political parties. The issue highlights growing income inequality and calls for radical measures to address economic disparities. While some experts advocate for progressive taxation and social spending to enhance economic equality, others caution against the potential negative impacts of wealth redistribution on individual incentives and overall economic growth. The ongoing debate underscores the complex challenges of wealth inequality in India and the need for thoughtful and effective solutions to ensure a fair and inclusive society.
![Economist Gautam Sen gives '12 crore' reasons why Rahul Gandhi's wealth distribution plan won't work in India](https://img.etimg.com/thumb/msid-109938883,width-100,height-75,resizemode-4/news/india/economist-gautam-sen-tells-12-crore-reasons-why-rahul-gandhis-wealth-distribution-plan-wont-work-in-india.jpg)
Economist Gautam Sen gives '12 crore' reasons why Rahul Gandhi's wealth distribution plan won't work in India
Economist Gautam Sen criticizes Rahul Gandhi's proposal for wealth redistribution in India, highlighting the impracticality and potential negative impact on the economy. He warns that imposing a wealth tax could lead to the emigration of India's super-rich to tax havens like Dubai, resulting in a substantial loss of wealth for the country. Sen also questions the feasibility of implementing an inheritance tax and emphasizes the need for stable governance to sustain India's economic growth.
![Economist Gautam Sen on Pitroda's 'Inheritance Tax' remark: Whoever wants this 'not a friend of India'](https://img.etimg.com/thumb/msid-109937476,width-100,height-75,resizemode-4/news/india/economist-gautam-sen-on-sam-pitrodas-remark-over-inheritance-tax-not-a-friend-of-india.jpg)
Economist Gautam Sen on Pitroda's 'Inheritance Tax' remark: Whoever wants this 'not a friend of India'
On Congress leader Rahul Gandhi's idea of redistribution of wealth, economist Gautam Sen said, "It won't work in India. As I said, only about 12 crore people have wealth in the excess of 102 crores each. But almost all of these have invested in the...
![Buy Manappuram Finance, target price Rs 150: Motilal Oswal Securities](https://img.etimg.com/thumb/msid-100071043,width-100,height-75,resizemode-4/markets/stocks/recos/buy-manappuram-finance-target-price-rs-150-motilal-oswal-securities.jpg)
Buy Manappuram Finance, target price Rs 150: Motilal Oswal Securities
The brokerage models a consolidated AUM CAGR of ~18% over FY23-25E with consolidated RoA/RoE of ~4.0%/18% over FY25E.
![Buy Manappuram Finance, target price Rs 135.5 Nuvama Wealth](https://img.etimg.com/thumb/msid-99369341,width-100,height-75,resizemode-4/markets/stocks/recos/buy-manappuram-finance-target-price-rs-135-5nbsp-nuvama-wealth-brokerage.jpg)
Buy Manappuram Finance, target price Rs 135.5 Nuvama Wealth
Manappuram Finance, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 10867.71 Crore) operating in NBFC sector.
![Buy Manappuram Finance, target price Rs 127: Jayesh Bhanushali](https://img.etimg.com/thumb/msid-98930368,width-100,height-75,resizemode-4/markets/stocks/recos/buy-manappuram-finance-target-price-rs-127-jayesh-bhanushali.jpg)
Buy Manappuram Finance, target price Rs 127: Jayesh Bhanushali
Manappuram Finance, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 10093.26 Crore) operating in NBFC sector.
- Go To Page 1
Buy Manappuram Finance, target price Rs 150: Motilal Oswal Financial Services
Promoters held 35.2 per cent stake in the company as of 31-Dec-2022, while FIIs owned 30.07 per cent, DIIs 11.57 per cent.
Buy Manappuram Finance, target price Rs 123: HDFC Securities
Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 9936.67 Crore) operating in NBFC sector.
Adani rout puts spotlight on billions flowing through Mauritius
While it isn’t illegal to register businesses in low-tax jurisdictions like Mauritius, the allegations around the offshore shell firms appear to be a throwback to a time when the tourist paradise featured in a slew of other Indian corporate controversies since the late 1990s. The biggest of them was a stock market scandal that saw a broker drive up prices of select shares between 1998 and 2001.
Gautam Adani: Richest man of Asia in the eye of a storm
Adani, whose home state is Gujarat, built his business empire from scratch after starting as a commodities trader. India's Prime Minister Narendra Modi hails from the same state and their relationship has come under intense scrutiny by Modi's opponents for years.
India's richest 1% own more than 40% of total wealth: Oxfam
The report titled 'Survival of the Richest' further said that if India's billionaires are taxed once at 2 per cent on their entire wealth, it would support the requirement of Rs 40,423 crore for the nutrition of malnourished in the country for the next three years.
Networth of richest-1% double of rest of world: Oxfam
Releasing the report on the sidelines of the annual congregation of the global elite in this Swiss ski resort town, Oxfam said a tax of up to 5 per cent on the world's multi-millionaires and billionaires could raise USD 1.7 trillion a year, enough to lift two billion people out of poverty.
Buy Manappuram Finance, target price Rs 138: Religare Broking
Maintaining steady uptrend. The chart patternindicates the prevailing bias to continue.
20 years & counting: How Ambani became Alibaba & Alphabet of India
In 2 decades with Mukesh Ambani as chairman, RIL's mcap has grown at 20.6% CAGR & profits by an annualised rate of 16.4%, Credit & care & value unlocking likely to bring back the mojo to the stock as comparisons with Gautam Adani further intensifies.
Buy Manappuram Finance, target price Rs 128: Edelweiss
Manappuram Finance, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 10440.28 Crore) operating in NBFC sector.
Gautam Adani, Mukesh Ambani are at a turning point in their rivalry
In just the past year, Adani has spent $17 billion on 32 acquisitions, according to Bloomberg News, and is showing no signs of slowing down even though the combined net debt across his listed companies stands at almost $20 billion, or more than four times annual earnings before interest, taxes, depreciation and amortization (Ebitda).
Lofty valuations! Is it time to avoid FMCG and IT stocks?
Look for opportunities and add up the stocks you like on correction, says Nepean Capital Managing Partner.
Donald Trump's tax revelation could tarnish image that fueled rise
Trump has worked for decades to build an image of himself as a hugely successful businessman - even choosing "mogul" as his Secret Service code name. But The New York Times on Sunday revealed that he paid just $750 in federal income taxes in 2016, the year he won the presidency, and in 2017, his first year in office.
Co-accused in AgustaWestland deal, lawyer Gautam Khaitan arrested by ED on black money charges remanded to two days custody
Special prosecutor for ED, Advocate Davinder Pal Singh told the Court that income tax sleuths have discovered black money over Rs 500 crores involving Khaitan.
Investors, more than consumers, will pay the price of US import tariffs
While some industries may be well positioned to pass on cost increases, many others are not.
Budget 2018: These are the taxes it could hike and how you will be hit
Along with hopes there are fears of unpleasant surprises the Budget could spring. ET Wealth lists the possibilities and how they can impact you.
GST advisory group in favour of expanding composition scheme
This was the first meeting of the advisory group after it was formed earlier this week to suggest changes to the GST laws to make it more simple for taxpayers.
Income Tax department fined Rs 20,000 for wrongful search
The HC said, "Officers of the I-T department are obliged to proceed in accordance with statutory provisions and not on their whim and fancy."
High Court raps I-T Department for wrong tax demand
Also, in the affidavit-in-reply filed before the court by a senior tax official, there is no mention of any incriminating material found.
We have taken India to the top of global league tables: PM Narendra Modi at ET GBS
Prime Minister Narendra Modi uses the platform of ET Global Business Summit to lay out his grand vision for inclusive growth, promising to uplift the poor.
How to use HUF for as a tax planning tool
The Hindu Undivided Family structure is a great tax planning tool that can divide your tax liability and multiply the benefits. Find out how you can use it to your advantage.
Kerala: Why the UDF inherits new economy & challenges
Key changes have swept Kerala, long dubbed investment unfriendly. A paradox has died and a model has come alive.
Load More