Trump’s Victory & its implications on India!

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In November 2016, two black economies turned white…right? India’s corrupt black economy had taken a step toward cleaning the parallel economy while on the other side of the world Donald Trump surprisingly won the US elections and emerged as the 45th American President.

Politics always play a major role in impacting India – US relationships! The major factors are that both the economies get affected, job prospects are hindered and so on.

President Trump’s victory and his entry into American Politics is surely going to affect the economies of the world including India. But, Donald Trump presents as an opportunity or a challenge for India? Keeping aside whatever he said during his campaign, we don’t know until he acts on it!

How is it going to affect India?

Every coin has got two sides, similarly, Trump’s victory will have positive as well as negative impacts.

Talking about the positive impact, Trump always had an impression of Pakistan involving in terrorism. Thus, India could benefit in its fight for combating terrorism. This will indirectly strengthen our defence strategies. The collaborative efforts of US & India will help to boost the Indian Economy. In his entire campaign, Trump was against China’s trade policies. Although Trump wants to put stricter immigration rules, he also says he wants to get in Indian entrepreneurs and students to the US.

The main threat is that Trump has tightened the US Visa policies thereby hindering the job opportunities in the US. With the tightened immigration rule and his opinion on H1 Visa Program might negatively impact Indian IT Companies majorly. With the strict immigration rules, India can prosper. How?  The leading companies have got most of the Indian drain brains working with them. If the visas are rejected, the Indian talent will stay in India instead of running to the dreamland of jobs thus prospering our country.

Even though Trump has no political experience, he is a successful businessman. It will be interesting to see the developments in Indian-US relationships in the near future under Donald Trump’s presidency!

More later…

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UNION BUDGET 2017 – All you need to know!

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Hello Everyone!

So what is the new buzz in the city? Budget Talks everywhere!

The Ministry of Finance announced the Union Budget 2017 recently. I am sure that many of you all were eager to know about the budget… especially after going through a drastic step like Demonetization.

Well, the main agenda of Union Budget 2017 was ‘Transform, Energize & Clean India!’

Every coin has got two sides. Thus, the reforms which are good for some people turn out to be worst for the others!

This budget has got a relief to the middle class since the tax slab of 2.5 lakhs – 5 lakhs has been cut down to 5% from 10% whereas it is a nightmare for the people who are earning above 60 lakhs since they have to pay 10% surcharge.

This is for the first time that the Political Parties will be filing their Income Tax Returns. Moreover, maximum cash donations allowed to them per person is only Rs. 2000. Rest other transactions should be made through cheque and digital mode! Isn’t this a step towards breaking the way politics used to be?!

The other major thing is about the holding period of Long Term Capital Gains which is reduced to 2 years from 3 years. The base indexation is also shifted from 01.04.1981 to 01.04.2001.

The cash expenditures per person is also reduced to 10000 thereby supporting the motive of digitization… Go Cashless!

Many good reforms have been made in the educational system, rural development, steps have been taken for providing employment to the youth of India and so on.

The main motive is the massive war against black money… digitization is been promoted through apps like BHIM App to form transparency in the economy thereby curbing the evil of black money.

All in all the Union Budget focuses on REMONITIZING INDIA!

More later…