Finance Minister Nirmala Sitharaman to present the Budget 2025-26 in Parliament today, starting at 11 AM onwards.

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#ViksitBharatBudget2025

Famous choreographer Remo D'Souza arrived in disguise at Maha Kumbh, Took the blessings of Tirtharaj Prayag by taking a dip in the holy Sangam

Latest Nepal News Headlines for November 1, 2024

1. Nepal Secures Historic Victory Over England in Hong Kong Sixes
Nepal's cricket team achieved a landmark six-wicket win against three-time champions England in the 20th Hong Kong Sixes tournament. Captain Sandeep Jora led the charge with an explosive 50 off 12 *****, guiding Nepal to chase down the 98-run target in just 4.2 overs.

2. Nepal Celebrates Kukur Puja Honoring Canine Companions
During the annual "Kukur Puja" festival, Nepalese across the country adorned dogs with flower garlands, offered treats, and applied vermillion marks on their heads to honor their loyalty and companionship. This tradition is part of the five-day Tihar festival, also known as Diwali.

3. Nepal and Bhutan Seek Indian Investment for Hydropower Projects
Nepal and Bhutan are actively seeking Indian investment to enhance their hydroelectric output and export surplus power to India. Officials highlighted India's push for net-zero emissions by 2070 and its need for renewable power to support economic growth.

4. Record-Setting Teen Climber Advocates for Sherpa Leadership in Expeditions
Eighteen-year-old Nima Rinji Sherpa, the youngest person to summit all 14 of the world's highest peaks, is advocating for Sherpas to be recognized as skilled athletes and expedition leaders, not just as porters and guides.

5. Transgender Woman Wins Legal Recognition After 50 Lawsuits
In a historic ruling, Nepal's Supreme Court has legally recognized Rukshana Kapali, a transgender woman, as female after she filed over 50 lawsuits. This decision affirms the right to self-declare gender under Nepal's constitution.

6. Nepal's Political Instability Continues with Frequent Leadership Changes
Nepal's political landscape remains turbulent, with Khadga Prasad "KP" Sharma Oli recently sworn in as Prime Minister for the fourth time since 2015, making him the 14th prime minister since 2008. This constant turnover highlights deep-rooted instability in the nation.

7. Burhan Wilderness Camps Promote Eco-Tourism in Nepal
Situated in the Khata Wildlife Corridor near Bardiya National Park, Burhan Wilderness Camps offer a unique and sustainable tourism experience, promoting eco-friendly tourism and supporting the local Tharu community.

8. Nepal's Armed Police Force Honors Service Dogs During Kukur Puja
At the Armed Police Force canine center in Kathmandu, handlers celebrated their service dogs during the "Kukur Puja" festival, acknowledging their role in providing security.

9. Nepal's Hydropower Sector Open to Private Investors
Nepal's hydropower sector remains open to all private investors, with the country aiming for 28 GW of power generation capacity in the next 10-12 years.

10. Nepal's Political Alliances Frequently Shift Amid Instability
Nepal's political alliances often shift, with parties forming improbable coalitions to gain power, contributing to the nation's deep-rooted instability.

#NepalCricket #KukurPuja #Hydropower #SherpaLeadership #TransRights #PoliticalInstability #EcoTourism #ServiceDogs #PrivateInvestment #PoliticalAlliances

Meet a man who reduces his company's debt by 80%

Anil Ambani- MD and Chairman of Reliance Group

Anil Ambani's company's value goes up by Rs 24,000 crore

Anil Ambani had a noteworthy month, as Reliance Power became debt-free, and Reliance Infra reduced its debt by 80%.

Anil Ambani saw a remarkable rise in fortunes as the stock prices of his companies, Reliance Power Limited and Reliance Infrastructure, surged even amid the market crash. Reliance Power's stock price jumped from Rs 36 to Rs 53.64 in just 10 days, boosting the company's value by over Rs 4,000 crore. Similarly, Reliance Capital | Reliance Group's market capitalization grew from Rs 16,000 crore to Rs 20,000 crore.

This financial restructuring led to a surge in investor interest and an influx of new orders for both companies. Furthermore, during a key board meeting, the company approved an Employee Stock Option Scheme (ESOS) in line with SEBI regulations.

Notable equity investors, including Sanjay Dangi and Sanjay Kothari, are set to invest Rs 925 crore in Reliance Power Limited, which recently secured a project to harness 1,270 MW of solar and hydropower in Bhutan.

Reliance Power Limited also announced a special share issue of 46.20 crore shares worth Rs 1,524.60 crore, aimed at strengthening its operations in renewable energy.

Anil Ambani's journe teach us that time changes for everyone the only thing we need to do is be consistent and doign hardwork for our goals and dreams.

Here are 15 headlines with brief summaries :

MPRC Reviews Its Influence in Madhesh
The Maoist Centre held a review meeting aimed at strengthening its position in the Madhesh region by assessing its organizational impact.

Farewell Ceremony for Buddha Air's ATR Aircraft
Buddha Air retired its ATR-42 aircraft with a farewell ceremony, marking the end of the plane’s 16-year service with a water salute at Tribhuvan International Airport.

Tridip Gurung Elected as President of ANERASWAVIU Gandaki
Tridip Gurung has been elected as the president of the revolutionary student union ANERASWAVIU for the Gandaki province.

Public Education Reform Conference Begins in Karnali
A three-day public education reform conference commenced in Birendranagar, Karnali, aimed at improving the public education system in the province.

Skin Grafting Done on Children Injured in Bomb Explosion
Two children injured in a bomb explosion in Falelung, Panchthar, have successfully undergone skin graft surgery at Kirtipur Hospital.

Saurabh's New Book "Asahamati-4" Launched
Political analyst Saurabh launched the fourth book in his "Asahamati" series, continuing his critique and analysis of dissent in governance.

Palpa Official on Hunger Strike Over Delayed Hulaki Road Project
Pratappur Rural Municipality's chairman, Umeshchandra Yadav, began a hunger strike over delays in the construction of the Hulaki road project.

China Pledges Support for Archery, Wushu, and Wrestling in Nepal
Chinese institutions have pledged to support Nepal in traditional sports like archery, wushu, and wrestling through collaborations with various Chinese sports organizations.

Deputy Speaker Indira Rana Urged to Resign Over Conduct Issues
Ruling parties have asked Deputy Speaker Indira Rana Magar to resign amid allegations of misconduct. If she refuses, an impeachment motion may be initiated.

Protestors Show Black Flags to Rabi Lamichhane in Pokhara
Cooperative fraud victims protested by waving black flags at Rabi Lamichhane, leader of the Rastriya Swatantra Party, during an event in Pokhara.

Supreme Court Receives Ownership Dispute Case for Hetauda Hospital
An ownership dispute regarding Hetauda Hospital has been escalated to the Supreme Court, awaiting further resolution.

"Japanese Encephalitis" Case Reported in Narainapur
A young girl in Narainapur has been diagnosed with Japanese Encephalitis, raising concerns about the spread of the disease in the region.

Russian Government Requests DNA Samples to Verify Deaths in Ukraine
Russia has requested DNA samples from families of 35 Nepali citizens believed to have died in the Ukraine war to confirm their identities.

Congress Vice-President Dhanraj Gurung Accused of Misappropriating Cooperative Funds
Dhanraj Gurung, Congress Vice-President, is facing allegations of misusing cooperative funds, with investigations raising both political and legal questions.

Government Meeting Discusses Constitutional Amendments
The government held discussions on constitutional amendments, focusing on the need for wide-ranging consultations with stakeholders to address current political and social challenges.
Source: Ekantipur

Interest rates on deposits, lending are deregulated; banks free to decide rates: RBI Guv Shaktikanta Das at joint press meet with Sitharaman

This will start a new competition among banks which is a good thing. Now not only service but also rate of Interest will decide business for banks

#Finance Minister Nirmala Sitharaman on Friday introduced in the Lok Sabha the Banking Laws (Amendment) Bill, 2024, which seeks to give customers an option to increase the number of nominees per bank account to four, from existing one, among others.

Another proposed change relates to redefining ‘substantial interest’ for directorships, which could increase to ₹2 crore instead of the current limit of ₹5 lakh, which was fixed almost six decades ago

GOLD, the China link.

In 2023, gold was found concealed inside triangle plumbing valves imported from China. Officials recovered over 61.4 kilograms of gold worth Rs 32.4 crore in 1,856 valves. In May 2022, the DRI intercepted an import consignment of electric hammers in Mumbai — which arrived from Hong Kong and an examination had revealed 16.054 kilograms of gold concealed in these hammers.

In a separate case, the DRI intercepted another consignment, which, at the air cargo, was declared to contain drum-type drain-cleaning machines. Smugglers had hidden gold in the form of discs in the rotors of these machines. In 2023, it was revealed that in eastern Ladakh along the China border, 108 kilograms of gold was smuggled into India via a land route that the authorities did not know. The route was used multiple times. Then, there have been instances of the DRI having seized gold worth crores smuggled from China through the Indo-China Border in Sikkim.

Bottom line : With one stroke of her pen - FM Nirmala Sitharaman has rendered Gold Smuggling in India not profitable.

It is common knowledge that gold smuggling is linked to import duties, government policies, and regulations — as import duties rise and gold prices increase, the smuggling market becomes more lucrative. Hence, the first step in curbing the menace of Gold Smuggling in India was to make it less lucrative by bringing down the tax and keeping it on par with countries like UAE that impose 5 per cent Value Added Tax on Gold.

FM Nirmala Sitharaman took out the names of the members of the Rajiv Gandhi Foundation & pointed out that there is no SC member among them.

RAHUL GANDHI had said "Not a single OBC-SC-ST was there in Halwa Ceremony"

FM - Karnataka Govt is using the funds of SCs & STs for other schemes.

"In 2013-14, the halwa was distributed. Did someone ask them how many SC, STs were there?" ⚡- FM Nirmala Sitharaman in new form

DATA is the only basis of FACTS

FM Chidambaram Vs FM Sitharaman

Tax exemption
2014 : Rs 2 lakh
2024 : Rs 7.75 lakh

Bank NPA
2014- 11%
2024- 0.6%

Infra spending
2009-14 - ₹1.57 Lakh Cr
2019-25 - ₹44.3 Lakh Cr

Wealth Created
2009-2014 - ₹ 13 Lakh Cr
2019-2024 - ₹ 320 Lakh Cr

Forex Addition
2009-14 $50 B
2019-23 $350 B

GDP Rank
2014- 10th
2024- 5th

Scams
2009-14 : 78
2019-24 : 0

As Nirmala Sitharaman announces reforms in tourism, let’s rediscover India’s cultural gems

Cultural Tourism

Sanatan Tourism

Nature Tourism

These three areas have huge potential in India and would be best investment sectors in coming years. The new rich class will move to 5 star but seasoned people with good money will prefer the above in Village

India, which was once only known for Taj Mahal is over, now you have countless opportunities

Don't waste ur time for Job, go for these stress free ventures

Rural tourism is a tourism that focuses on actively participating in a rural lifestyle. It can be a variant of ecotourism. Many villages can facilitate tourism because many villagers are hospitable and eager to welcome or host visitors.

the more our lifestyle is Metro focused, the more need for Rural tourism

UN Tourism understands Rural Tourism as "a type of tourism activity in which the visitor’s experience is related to a wide range of products generally linked to nature-based activities, agriculture, rural lifestyle / culture, angling and sightseeing.

Rural Tourism activities take place in non-urban (rural) areas with the following characteristics: i) low population density, ii) landscape and land-use dominated by agriculture and forestry and iii) traditional social structure and lifestyle".

be a job creator and not seeker
Dr GP

Union Budget 2024
Union Budget 2024 was announced by FM Nirmala Sitharaman. Here are some important highlights:
Changes in capital gains tax

-STCG on financial assets increased from 15% to 20%.
-LTCG on financial and non-financial assets increased from 10% to 12.5%.
-Exemption on LTCG gains increased from Rs 1 lakh to Rs 1.25 lakh.

Increase in STT

Securities Transaction Tax (STT) on:

Futures: increased from 0.0125% to 0.02%.
Options: increased from 0.0625% to 0.10%.
Buyback of shares

-Gains from buyback of shares are no more tax-exempt. It would now be taxable like dividends, as per the applicable tax slab.

-Further, the cost of such shares shall be treated as a capital loss to the investor.

Revised tax regime

Structure for the new income tax regime has been revised. New tax slabs:

-Rs 0 to Rs 3 lakh: 0%
-Rs 3 to Rs 7 lakh: 5%
-Rs 7 to Rs 10 lakh: 10%
-Rs 10 to Rs 12 lakh: 15%
-Rs 12 to Rs 15 lakh: 20%
-Above Rs 15 lakh: 30%

Note: There is usually only one budget announced in a financial year. But in Lok Sabha election years, there are 2 budget announcements: one in February (like every year) and one in July (after elections).

South Korea is industrially highly developed Nation. Right?

It hosts some giants like Samsung, LG, Hyundai, SK Hynix etc. Right?

Bharat has SURPASSED South Korea to become 5th largest manufacturing Nation in World in 23-24.

MSM & #Modi Sarkar (too) won't tell you such feats. But fact is.... Bharat is conquering new heights under visionary leadership of PM .@narendramodi Ji & FM .@nsitharaman Ji.

FM Nirmala Sitharaman chaired a pre-Budget meeting with representatives of trade unions and labour organisations in New Delhi on Monday.

"ASHA, anganwadi, mid-day meal workers must be identified as workmen. They must be given the workmen status given the permanent nature of their work. The government had announced a hike in honorarium for scheme workers in 2018. Since then, prices have increased sharply and hence it is necessary to increase the honorarium of the scheme workers"
- Bharatiya Mazdoor Sangh demands.

Broaden the scope of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) with the provision for a guaranteed 200 days of work from current 100 days for each family.

Construction workers should be guaranteed access to ration through ration cards across the country under ‘one ration one nation’ scheme. Similarly, Ayushman cards should be issued based on the worker’s identity rather than the family, allowing workers ot use Ayushman across the country during their migration,”
- Trade Union Coordination Centre demands

Ponga Pundit of Politics

Probables Cabinet list of INDI Alliance

PM - Rahul Gandhi
Home Minister: Tejaswi or Uddhav
Finance: Kejriwal, Siddharamiah or Chidu
Extra Affairs: Shashi Tharoor

God save the nation !!!!!!

Congress comprehensively rigged the 1987 Jammu & Kashmir elections through ballot stuffing, arrests, curfews, even declaring defeated candidates as winners. Here is Shashi Tharoor himself admitting to the rigging.

These are the same people who accuse others of killing Democracy