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    OVERSEAS CONGRESS

    PM Modi had already predicted this: Kiren Rijiju takes a jibe at Congress over re-appointment of Sam Pitroda as overseas chief

    Parliamentary Affairs Minister Kiren Rijiju on Wednesday commented on the Congress party's re-appointment of Sam Pitroda as Chairman of the Indian Overseas Congress. Rijiju pointed out that Prime Minister Modi had already anticipated this move. In a post on X (formerly Twitter), the Union Minister wrote that Prime Minister Modi had predicted this development and took a jibe at Rahul Gandhi's adviser.

    Sam Pitroda re-appointed as chairman of Indian Overseas Congress months after resigning over racist comments

    Sam Pitroda is back as the head of Indian Overseas Congress months after he resigned from the same over racist comments. His statement - "people of the east look like the Chinese and those of the south look like Africans" - triggered a massive outrage in India in May this year.

    Modi oath-taking: Overseas Friends of BJP to celebrate PM Modi's third swearing-in across 22 US cities

    Supporters of Indian Prime Minister Narendra Modi are organizing celebrations in 22 US cities to mark his third swearing-in. Overseas Friends of BJP-USA is coordinating events in cities like New York, Washington DC, and Los Angeles. The group plans to strengthen India-US relations and advocate for voting rights for overseas Indians.

    Investors must take Rajan’s promise, not Pitroda's threat

    Investors are anxious about the potential impact of the ongoing general elections on economic policies. The possibility of the INDIA alliance, led by the Congress Party, coming to power has raised fears of a significant policy shift, particularly following suggestions of introducing an inheritance tax. However, it's important for investors to differentiate between exaggerated concerns and actual risks.

    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.

    Study suggests India should impose wealth tax on the ultra-rich to tackle wealth inequality

    A World Inequality Lab study recommends India implement a wealth tax on the ultra-rich to combat wealth inequality and boost social sector investments. Proposed measures include a 2% annual tax on wealth over Rs 10 crore and a 33% inheritance tax on estates exceeding the same value. Authors emphasize the need for progressive taxation to address extreme wealth disparity.

    The Economic Times
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