I have a son who is mentally challenged. I see many of my friends too have with various disabilities. There is absolutely no future for them in this country and no social security at all. I am middle class with 20 lakhs income. I will have to save money for entire stretch of his life, but, I get no income tax deduction at all for supporting and saving for disabled child. If government cannot afford to provide benefits, atleast they should waive off income tax from parents with disabled children.
It's difficult to change India unless policies are not focussed on elections. It's bullshit. Appreciate less corruption in this govt, but they extracted every penny from us in the form of tax!
He is one man who looks really worried about common man and this nation. Big salute to Mohandas Pai. I fully concur with him. Life has become very difficult in Bangalore. Transportation, garbage, strays on road, water, air and on top of that we have freebie burden and huge linguistic division encouraged by the current government.
what are you talking man . this guy has singing the tune of this government so long. it was evident that the economy was slowing since 2019 . he was criticinsing the economists . go and look at his oild interviews man
@@vetricara1149 There were acrually good reasons to support this govt earlier as they were working in correct direction but now it's too long to even while working in right direction they're unable to show any results so now critcism is warranted.
Bangalore needs one simple change mandatory kannada learning for all in state syllabus or central syllabus or icse . If school does not accept remove those licence
@@vetricara1149 you oppose people ideologically, he opposes on issues. You are a bigot, he is not. Modi govt was bold in it's first term but slowly became lazy and indifferent in 2nd term and now is totally apathetic. We are able to see this and raise our voices. You on the other hand hate Modi for other reasons and hate is your ideology
Direct tax is useless and has been proven to be a failure, and it slows down the economic growth and also reduces the citizens purchasing power. Indirect tax revenue is more than enough and the govt can convert the incometax into health/term insurance and ULIP scheme. How about convert the personal income tax into health/term insurance and ULIP/ELSS equity scheme, so that every one can contribute to the government for growth and both the government and we the citizens can become the direct benefit from their contribution.
Let's understand that she is a puppet in the hands of Modi. But tax reforms, it's bullshit from BJP. In the form of new regime, most of the benefits are taken away and some circus they are doing.
Remove all facilities being given to MLA and MP. Government will save a lot of money rather than taxing middle class who pays all type is taxes starting from income tax.
I agree 💯% with Shri Mohandas Pai..I am a senior citizen and paying high premium on health insurance,in that 18% is GST..We private sector people live on interest income as we don't have pension...The middle class is continuously ignored..Shri Arun Jaitley gave some relief as FM.
Why no one blames the supreme leader when a mistake is being committed? Is it FEAR or BHAKTI? Why everyone give credit to the supreme leader even where his contribution is negligible? Pure DEVOTiON or a BRAIN WASHED BRAIN?
There is no judicial system in India. Our democracy progresses without the judiciary. The are visible for rich advocates who get dates bail hearing and judgement at lightning Speed directly from SC. Others are 60 million in the queue indefinitely 😂 major reason for inefficiencies and corruption is appointing relatives and friends as judges and engagement in performing executive function of appointment of Directors, judges and drafting guidelines 😂😂😂
What a beautiful presentation by Sh.Mohandas Pai. People who listen this should circulate amongst their circles to make this viral. All the issues raised here are true and should be brought to the notice of authorities
Direct tax is useless and has been proven to be a failure, and it slows down the economic growth and also reduces the citizens purchasing power. Indirect tax revenue is more than enough and the govt can convert the incometax into health/term insurance and ULIP scheme. How about convert the personal income tax into health/term insurance and ULIP/ELSS equity scheme, so that every one can contribute to the government for growth and both the government and we the citizens can become the direct benefit from their contribution.
False. AI cannot suggest paragraph and essay writing for rich folks children killing tax payers nor be able to incorrectly classify a physical abuse of a doctor as rarest of rare cases.
@@LadyInsipidity india specific legal AI, open AI with fully Bharatiya original contents must be trained to resolve such bias. Of course Leftist, jihadi, evangalist, environment and climate change corporate bias must be removed
Govt is testing the patience of middle class Wait and watch in the next elections they will show their anger Even the pro BJP people are fed up with tax terorism It’s quite long term for any FM this country needs new FM with fresh thinking to revive economy
She's destroyed the complete middle class. And richest are getting great tax exempt. She's made us slave, She doesn't deserve the seat of FM.😢😢😢😢😢😢😢😢😢😢
@coconutpunch123 I'm agree but the seat is with her. And reply is given by her. If she is not handling then she must resine stating that she is not allowed to drive the FINANCE MINISTRY, Then we can say that she's 😉 inosent.
Direct tax is useless and has been proven to be a failure, and it slows down the economic growth and also reduces the citizens purchasing power. Indirect tax revenue is more than enough and the govt can convert the incometax into health/term insurance and ULIP scheme. How about convert the personal income tax into health/term insurance and ULIP/ELSS equity scheme, so that every one can contribute to the government for growth and both the government and we the citizens can become the direct benefit from their contribution.
Why tax the farmers? In fact abolish Income Tax for everyone. And recover all revenues from Indirect Tax only. Most importantly, curtail the arbitrary powers of ED and the Police. It will immediately bring down the level of corruption and nepotism.
All parties work only for the rich as the rich have tons of crores for lobbying and paying for elections and individual politicians costs. The middle class cannot do that. So stop voting and be non alignment (remeber nio alignment movement during indian independence struggle with the british reptiles), only to business groups that act against the personal interest of the middle and poor classes
Direct tax is useless and has been proven to be a failure, and it slows down the economic growth and also reduces the citizens purchasing power. Indirect tax revenue is more than enough and the govt can convert the incometax into health/term insurance and ULIP scheme. How about convert the personal income tax into health/term insurance and ULIP/ELSS equity scheme, so that every one can contribute to the government for growth and both the government and we the citizens can become the direct benefit from their contribution.
Farmers are not castrated eunuchs like the middle class - they will boot the govt which dares to harass them. Modi tried to coerce them and failed. And yes, i agree with other folks here, Income tax is a dumb concept and must be abolished. Even Trump is trying to get rid of Income tax - maybe then our sadistic babus will get new ideas
Example: Vizag steel plant. If you even try to privatize Vizag steel plant even the common man will not vote. So govt gift is for votes and people support public sector.
@bvssrsguntur6338 it's not people who support public sector ...it's public sector employees and their families....public sector doesn't benefit common man in any manner everyone knows they are cesspool of corruption
he is aspiring for a political career it seems. looks like he is negotiating with both parties. to prove his worth to both parties...he is talking a lot 🤣🤣
Although he is a supporter of Modi, if he thinks others in his cabinet can make better policies, he will definitely critics about it.. a true nationalist ❤
Sadly Mr.Pai is super careful in not addressing the root cause of the crisis. Its not that people don’t have jobs but the salaries have not changed for over a decade. For example - take Infosys where Mr.Pai was the HR head and directly responsible for salaries. In 2010, Infosys starting salary was around 3 lakhs, its almost the same today. Meanwhile, US dollar went from 42 to 85 today. That means Infosys now makes double the money on their US contracts but given inflation pays their employees one third of what they paid in 2010. Unless Indian corporates increase their pay, unless the governments increase minimum wage there will be NO demand in this economy.
You are right on the wages, but the quality of new hires has dropped significantly. Number of people hired has increased substantially in the last 12-14 years
Direct tax is useless and has been proven to be a failure, and it slows down the economic growth and also reduces the citizens purchasing power. Indirect tax revenue is more than enough and the govt can convert the incometax into health/term insurance and ULIP scheme. How about convert the personal income tax into health/term insurance and ULIP/ELSS equity scheme, so that every one can contribute to the government for growth and both the government and we the citizens can become the direct benefit from their contribution.
Happy to know that people like Mr Pai are talking about the pain of the middle class. It's excruciating. Health Insurance premium is very high and GST @ 18%😮
Indians are reputed for High quality economists. What is reqd is leadership. Why doesn't the govt appoint such persons to the Ministry and LISTEN to them
Demonitisation, unplanned GST, lack of jobs, allowing 80 crores ppl to live on free doles......must also be discussed. The responsibily and accountability must be fixed for all those gross failures.....all those laggers must be changed from decision making process.
Thank you for consistently raising specific critical points. Hope the government listens. Fix justice system then other things will line up. Please bring meritocracy atleast there.
If children have the capability to be doctors and engineers then let fees be not an obstacle. Give free higher education to anyone scoring a first class in 10th and 12 th. Don’t give anything free. Give atleast small jobs and help the poor to get this money. Give businesses that generate employment loads of benefits. And most important give tax payers something as pension for their old age. Maybe a portion of what they paid. Let us help our children to develop our nation and loads of dignity to senior citizens.🙏🏽
Mr. Pai is talking on my behalf also. I support his words. So much tax but I can still accept it at least give me clean roads, clean cities and functional public transportation in Bengaluru and every other towns and cities
He makes a sensible speech He worked in pvt sector that is the reason he has knowledge and identify the root cause What is the funny thing pm wants to make retirement age to 65 till the govt sector people demand a cot and bed whereas younger generation is jobless. Had it been pvt sector they would go for making the retirement age as 56 and salary what saved can be given employment for few crore people in this big country within the salary spending
Weather its bjp or congress they both works for rich and foreign companies, people has become slave, moreover some poor people think they are middle class
All parties work only for the rich as the rich have tons of crores for lobbying and paying for elections and individual politicians costs. The middle class cannot do that. So stop voting and be non alignment (remeber nio alignment movement during indian independence struggle with the british reptiles), only to business groups that act against the personal interest of the middle and poor classes
Direct tax is useless and has been proven to be a failure, and it slows down the economic growth and also reduces the citizens purchasing power. Indirect tax revenue is more than enough and the govt can convert the incometax into health/term insurance and ULIP scheme. How about convert the personal income tax into health/term insurance and ULIP/ELSS equity scheme, so that every one can contribute to the government for growth and both the government and we the citizens can become the direct benefit from their contribution.
There is no change in the tax slab and structure since 2014, whereas inflation has more than doubled in the last 10 years, can they not understand such a simple point
They understand everything, but did you ask this question to the government before going to the ballot box? The fact is that they have sold a 'development' narrative to the people, and the people are blindly believing in it without objectively assessing what they are getting in return
Very confusing, on one hand he says The modi government has been very successful especially where poverty is concerned, then he says 1 billion people live on 1000 $ per year, so how has the government been successful!!?
The FM must abolish personal IT completely. Only 5% pays tax and the rest don’t. You cannot tax the agro- income for various reasons, mainly political so why tax the middle class ? OR You can reduce the tax burden of the middle class. Secondly, the GST- let’s have only two rates 7% and 18% and get rid of GST in medical- insurance. Lesser tax countries earn more when they reduce the tax burden on public. India is not unique as people say, all countries are unique and they are managing them uniquely. Third- FDI, the budget must deal with it more FDI to come to India specially in infrastructure, defence, semi- conductors and so on and so forth. No point having 100% FDI in insurance ! Recent engines shows that the FDI has slowed down to 0.8% from 2.2% in 2019. This is crazy. Fourth- a senior citizen after paying taxes throughout their lives need to pay taxes after retirement. Immediately abolish it. Fifth- please the budget must look to the LTCG and STCG- reduce it to the international level of 9%. We have this stupid taxation system burdening people those who are paying tax. Sixth- laws needs to be changed for easy FDI inflow and coupled with it the Delivery of the justice system, which I must say is pathetic. More can be said but as of now these are Immediately required. No point having meetings after meetings delivering nothing. If you have to have a jump start the economy take the example of Trump signing 200 presidential order while talking to the reporters! Man, people are leaving the country!
I totally Concur with Mohandas Pai.Job creation and Lower taxation for middle class who are the prime contributors for Indian Economy and the only sufferers should be the first priority.
I have to totally agree with Mohandas Pai. He is right about the middle class situation. Not a single government be it at the centre or State are worried about the middle class. No one considers them as part of the builders and contributors of this nation. The rich are able to get a lot of cuts in taxes and lot of other privileges. The poor are offered freebies and so many concessions. The middle class gets nothing. Absolutely no respite from the ongoing increased GST and the income taxation. It is good he is speaking for the middle class. Hope FM will listen and make changes which help the middle class.
If I become finance minister, I will do these things - 0% taxes on small and medium sized businesses, 0% tax on people earning below 10 lakh per year and 10% tax for people earning more than 10 lakh. And most of all - Remove GST
I think, the interviewer must be humble enough listening to Mr.Pai rather focusing on asking questions. Mr.Pai has hit the nail with a hammer loud enough to buzz the corporate doors.
If I recall correctly, Mr Pai has been the biggest and the most vehement supporter of BJP and its policies for almost a decade now. This seems like a sudden awaking on his part even though the symptoms in the economy have been visible for a long time now. Im glad he is atleast speaking fearlesslly, unlike most other corporate honchos that are spinelessly spectating!
perfectly put sir.....i was a hardcore BJP voter who abstained this time....if only there an alternative....we would not abstain but give a negative vote.
Direct tax is useless and has been proven to be a failure, and it slows down the economic growth and also reduces the citizens purchasing power. Indirect tax revenue is more than enough and the govt can convert the incometax into health/term insurance and ULIP scheme. How about convert the personal income tax into health/term insurance and ULIP/ELSS equity scheme, so that every one can contribute to the government for growth and both the government and we the citizens can become the direct benefit from their contribution.
Pai is 100% right. Amma enjoys complexities & confusions while middle class has been shouldering burden of developing the nation. 25 *% corporate tax class makes ZERO private investment but praises & claps for Modi
The same person who was ardant supporter of Modi and instead of blaming Modi he is blaming Sitaraman who has no power to take any decision. She is just a puppet. For this terrible situation Modi should blamed and not his puppets.
IT shall be abolished at least for Senior citizen who are above 65 tears of age. Modi is not doing any thing for the middle case and only for industrialist he is caring.
Rajiv Gandhi famously said that for every Rs 100 sent to people experiencing poverty, only Rs 15 reaches people with low incomes. Implying Rs 85 was highjacked by the Middle class. With the Digital transfer of Funds directly to the accounts of low-income people, the Middle class is left High and dry.
There’s no data that even remotely suggests how one can monitor how much is going to a poor persons account. We lack the infrastructure to monitor This unfortunately.
he didnt say hijacked by middle class, but by 'middlemen'..dont confuse both..touts, bueraucrats, sarpanches who steal the money..the middle alwyas have gotten robbbed even during congress regimes
@: The WhatsApp uncles re-quote Rajive Gandhi every day. Could you give me an example? Up until 1990, everyone received a subsidised Ration. Most of it was consumed by the Middle Class, not people with low incomes.
Sir, I am a super senior citizen, retired from a commercial bank with a meagre pension which has not been increased even one rupee since last 32 years.We have got enough pension funds of our own.We don't depend on govt.Still the FM and PM don't look after us.This is the present govt, what they are doing.Shameful affairs.
Abolish IT immediately and save the nation from income tax department and tax terrorism. 5 slabs of GST is sufficient for Indian economy. Both should not be imposed
Very very simple tax system is the only answer. GST on health insurance is bad. More schools and hospitals should be a priority. Education and employment to all is the only solution. Develop rural areas. Senior citizens from foreign nations want to retire in rural India if it has access to good hospitals. Our villages can be our trump card.
I have a son who is mentally challenged. I see many of my friends too have with various disabilities. There is absolutely no future for them in this country and no social security at all. I am middle class with 20 lakhs income. I will have to save money for entire stretch of his life, but, I get no income tax deduction at all for supporting and saving for disabled child. If government cannot afford to provide benefits, atleast they should waive off income tax from parents with disabled children.
Time to leave india for better life for him l
unfortunately, you should consider moving to US/EU at PRIORITY
Leave India
If everyone will just leave the country then who will change it .
And don't forget about the racism against Indians .
It's difficult to change India unless policies are not focussed on elections. It's bullshit.
Appreciate less corruption in this govt, but they extracted every penny from us in the form of tax!
He is one man who looks really worried about common man and this nation. Big salute to Mohandas Pai. I fully concur with him. Life has become very difficult in Bangalore. Transportation, garbage, strays on road, water, air and on top of that we have freebie burden and huge linguistic division encouraged by the current government.
what are you talking man . this guy has singing the tune of this government so long. it was evident that the economy was slowing since 2019 . he was criticinsing the economists . go and look at his oild interviews man
@@vetricara1149
There were acrually good reasons to support this govt earlier as they were working in correct direction but now it's too long to even while working in right direction they're unable to show any results so now critcism is warranted.
Bangalore needs one simple change mandatory kannada learning for all in state syllabus or central syllabus or icse . If school does not accept remove those licence
@@vetricara1149 you oppose people ideologically, he opposes on issues. You are a bigot, he is not. Modi govt was bold in it's first term but slowly became lazy and indifferent in 2nd term and now is totally apathetic. We are able to see this and raise our voices. You on the other hand hate Modi for other reasons and hate is your ideology
@@vetricara1149 yes Modi 2.0 has been a disaster and even a bhakt like Pai cannot refuse
Ruthless and bare fact analysis by Shri. Mohandas Pai. He's a warrior fighting for the middle class.
Nirmala sitharam One of the wrost minister
Who is a ( normal) sitaraman.
Direct tax is useless and has been proven to be a failure, and it slows down the economic growth and also reduces the citizens purchasing power. Indirect tax revenue is more than enough and the govt can convert the incometax into health/term insurance and ULIP scheme. How about convert the personal income tax into health/term insurance and ULIP/ELSS equity scheme, so that every one can contribute to the government for growth and both the government and we the citizens can become the direct benefit from their contribution.
Let's understand that she is a puppet in the hands of Modi.
But tax reforms, it's bullshit from BJP.
In the form of new regime, most of the benefits are taken away and some circus they are doing.
She is merely the face.
Still you are afraid of criticizing Modi
Remove all facilities being given to MLA and MP. Government will save a lot of money rather than taxing middle class who pays all type is taxes starting from income tax.
Nirmala tai Forgot to put different GST slabs on CONDOMS 😂😂😂
Correct, strawberry flavoured? 28% because its sweet like caramel
😂😂
y are giving advice man
Nirmala tai is just the face. She is being used ...
😂😂😂😂😂😂😂😂😂😂😂
I agree 💯% with Shri Mohandas Pai..I am a senior citizen and paying high premium on health insurance,in that 18% is GST..We private sector people live on interest income as we don't have pension...The middle class is continuously ignored..Shri Arun Jaitley gave some relief as FM.
GST on health insurance is a crime beyond any absolution
Why no one blames the supreme leader when a mistake is being committed? Is it FEAR or BHAKTI?
Why everyone give credit to the supreme leader even where his contribution is negligible? Pure DEVOTiON or a BRAIN WASHED BRAIN?
I thought he is worst , she is worst ever
Totally agree! It’s about time that the government pay attention to the judicial system of the country. It’s badly broken, it needs mending. 🙏
There is no judicial system in India. Our democracy progresses without the judiciary. The are visible for rich advocates who get dates bail hearing and judgement at lightning Speed directly from SC. Others are 60 million in the queue indefinitely 😂 major reason for inefficiencies and corruption is appointing relatives and friends as judges and engagement in performing executive function of appointment of Directors, judges and drafting guidelines 😂😂😂
Totally agree, India can't become a developed country with a broken justice system
It's past that time
@ agree.
I am very UPSET WITH FM.
What a beautiful presentation by Sh.Mohandas Pai. People who listen this should circulate amongst their circles to make this viral. All the issues raised here are true and should be brought to the notice of authorities
Many judges retiring without giving verdict/judgements after hearing cases. AI within minutes can solve the problem by giving instant judgements.
😂😂😂 What about money for Lawyers , judges and politicians
It’s harder to deal with bias within AI (would you trust something like China’s Deepseek) than dealing with individual biased persons
Direct tax is useless and has been proven to be a failure, and it slows down the economic growth and also reduces the citizens purchasing power. Indirect tax revenue is more than enough and the govt can convert the incometax into health/term insurance and ULIP scheme. How about convert the personal income tax into health/term insurance and ULIP/ELSS equity scheme, so that every one can contribute to the government for growth and both the government and we the citizens can become the direct benefit from their contribution.
False. AI cannot suggest paragraph and essay writing for rich folks children killing tax payers nor be able to incorrectly classify a physical abuse of a doctor as rarest of rare cases.
@@LadyInsipidity india specific legal AI, open AI with fully Bharatiya original contents must be trained to resolve such bias. Of course Leftist, jihadi, evangalist, environment and climate change corporate bias must be removed
Govt is testing the patience of middle class
Wait and watch in the next elections they will show their anger
Even the pro BJP people are fed up with tax terorism
It’s quite long term for any FM
this country needs new FM with fresh thinking to revive economy
You are among the 2.2% who pay income tax. So you are not a vote bank for the political parties. She is just a puppet, dancing to Modi's tune.
@@Arrow5587😂👌
I am BJP supporter, but literally fed up of paying these high taxes. Everything is highly taxed. No govt in India can help middle class.
I wish anand mahindra ji or narayana murty ji becomes FM
By the way what's wrong with economy?
Great extortion by tollgates on highways ,it's real robbery 😢
She's destroyed the complete middle class.
And richest are getting great tax exempt.
She's made us slave,
She doesn't deserve the seat of FM.😢😢😢😢😢😢😢😢😢😢
Not she. He. Narendra modi
@coconutpunch123 I'm agree but the seat is with her. And reply is given by her.
If she is not handling then she must resine stating that she is not allowed to drive the FINANCE MINISTRY, Then we can say that she's 😉 inosent.
Guy the largest PMO in the history of India is with Modi . Sitharaman is just the face . Every policy change has to go through PMO.
Direct tax is useless and has been proven to be a failure, and it slows down the economic growth and also reduces the citizens purchasing power. Indirect tax revenue is more than enough and the govt can convert the incometax into health/term insurance and ULIP scheme. How about convert the personal income tax into health/term insurance and ULIP/ELSS equity scheme, so that every one can contribute to the government for growth and both the government and we the citizens can become the direct benefit from their contribution.
As if it was Nirmala and Modi who introduced income tax in India. Buddy they are reducing the income tax burden step by step. Appreciate that
By and large a good interview.
Why not tax agriculture income ? Why not reduce pension for govt employees,?
Why tax the farmers? In fact abolish Income Tax for everyone. And recover all revenues from Indirect Tax only.
Most importantly, curtail the arbitrary powers of ED and the Police. It will immediately bring down the level of corruption and nepotism.
All parties work only for the rich as the rich have tons of crores for lobbying and paying for elections and individual politicians costs. The middle class cannot do that. So stop voting and be non alignment (remeber nio alignment movement during indian independence struggle with the british reptiles), only to business groups that act against the personal interest of the middle and poor classes
Direct tax is useless and has been proven to be a failure, and it slows down the economic growth and also reduces the citizens purchasing power. Indirect tax revenue is more than enough and the govt can convert the incometax into health/term insurance and ULIP scheme. How about convert the personal income tax into health/term insurance and ULIP/ELSS equity scheme, so that every one can contribute to the government for growth and both the government and we the citizens can become the direct benefit from their contribution.
Income tax should be completely abolished rather than trying to expand the tax net.
Farmers are not castrated eunuchs like the middle class - they will boot the govt which dares to harass them. Modi tried to coerce them and failed. And yes, i agree with other folks here, Income tax is a dumb concept and must be abolished. Even Trump is trying to get rid of Income tax - maybe then our sadistic babus will get new ideas
That was Brutally True
Brilliant analysis. Incompetent Ministers & Babu culture is the bane of India
Government has gifted 1.5 billion dollars to public sector ...for what? Our middle class money...we Middle class must join together for our survival
Example: Vizag steel plant. If you even try to privatize Vizag steel plant even the common man will not vote. So govt gift is for votes and people support public sector.
@bvssrsguntur6338 it's not people who support public sector ...it's public sector employees and their families....public sector doesn't benefit common man in any manner everyone knows they are cesspool of corruption
Most failure FM in75 years of Indian history. She thought of Raising taxes and collection of taxes is successful FM. Stupid politicians.
Same thing was said when chidambaram was FM
She cannot do anything. States want more money as they can give more social pgms and get votes. We indians want lot of free stuff
What a beautiful speech Mr. Pai. Nobody talked like this for the middle class tax payer. Thank you
HERE IS THE REAL MASTER OF OUR NATIONAL ECONOMY 🎉🎉🎉
WHY DON'T WE PLACE THEM IN OUR GOVERNMENT BY NOMINATION AS OUR FINANCE MINISTER 🙏
Every year he says this. And then does U turn and sings praises of the FM when the budget comes out.
else difficult to do business
Right But at the end he also need money.
Atleast he is criticizing 10 times and praising only 1 time.
he is aspiring for a political career it seems.
looks like he is negotiating with both parties.
to prove his worth to both parties...he is talking a lot
🤣🤣
This guy was a huge supporter of Modi . Why is he directing the anger at Sitharaman.
Although he is a supporter of Modi, if he thinks others in his cabinet can make better policies, he will definitely critics about it.. a true nationalist ❤
Cause he has no GUTS to directly question MODI
All supporters of Modi always oppose what needs to be opposed.
It is just that some people think they should oppose everything modi does.
he is still a sanghi supporter, just that he wants more tax cuts for himself
@@gamg7062 very rare i would say.
Sadly Mr.Pai is super careful in not addressing the root cause of the crisis. Its not that people don’t have jobs but the salaries have not changed for over a decade. For example - take Infosys where Mr.Pai was the HR head and directly responsible for salaries. In 2010, Infosys starting salary was around 3 lakhs, its almost the same today. Meanwhile, US dollar went from 42 to 85 today. That means Infosys now makes double the money on their US contracts but given inflation pays their employees one third of what they paid in 2010.
Unless Indian corporates increase their pay, unless the governments increase minimum wage there will be NO demand in this economy.
You are right on the wages, but the quality of new hires has dropped significantly. Number of people hired has increased substantially in the last 12-14 years
Mr. Pai deserves a gold medal.. in gymnastics!
Direct tax is useless and has been proven to be a failure, and it slows down the economic growth and also reduces the citizens purchasing power. Indirect tax revenue is more than enough and the govt can convert the incometax into health/term insurance and ULIP scheme. How about convert the personal income tax into health/term insurance and ULIP/ELSS equity scheme, so that every one can contribute to the government for growth and both the government and we the citizens can become the direct benefit from their contribution.
Happy to know that people like Mr Pai are talking about the pain of the middle class. It's excruciating. Health Insurance premium is very high and GST @ 18%😮
Indians are reputed for High quality economists. What is reqd is leadership. Why doesn't the govt appoint such persons to the Ministry and LISTEN to them
Because they want bootlickers who don't oppose their policies
😂@@BrownByTasteProudByChoice when u have boitlickere like man mohan who ran license raj for 1970 to 1992
Demonitisation, unplanned GST, lack of jobs, allowing 80 crores ppl to live on free doles......must also be discussed. The responsibily and accountability must be fixed for all those gross failures.....all those laggers must be changed from decision making process.
Finally Mr. Mohandas seems to have realised. All these days he was about saving Hindusim. Bhakti cannot flow on empty stomach.
Thank you for consistently raising specific critical points. Hope the government listens. Fix justice system then other things will line up. Please bring meritocracy atleast there.
We need someone from Lok sabha to be finace minister. Rajya sabha guys dont care about peoples pulse.
Pai Sir you have nailed it. real voice of middle class, who are slugging n govt. using them like tax salves.
If children have the capability to be doctors and engineers then let fees be not an obstacle. Give free higher education to anyone scoring a first class in 10th and 12 th. Don’t give anything free. Give atleast small jobs and help the poor to get this money. Give businesses that generate employment loads of benefits. And most important give tax payers something as pension for their old age. Maybe a portion of what they paid. Let us help our children to develop our nation and loads of dignity to senior citizens.🙏🏽
Don't expect govt to give any thing to middle and lower tax
Superb told by Mr Pai it is absolutely 💯 right the FM takes feedback and doesn't work on it
Mr. Pai is talking on my behalf also. I support his words. So much tax but I can still accept it at least give me clean roads, clean cities and functional public transportation in Bengaluru and every other towns and cities
Spot on Sir . Leaving to Dubai soon thankfully .too little and too late
He makes a sensible speech
He worked in pvt sector that is the reason he has knowledge and identify the root cause
What is the funny thing pm wants to make retirement age to 65 till the govt sector people demand a cot and bed whereas younger generation is jobless.
Had it been pvt sector they would go for making the retirement age as 56 and salary what saved can be given employment for few crore people in this big country within the salary spending
Super Mr Pai
Very true
Simply announce GST for all taxable goods is 10%. Income tax only 2 slabs 12% and 22%
He’s so clear about the situation in India. But no government respects the middle class and it is treated as a whipping boy.
You are great sir.. we wish there are sensible politicians like you.. 🙏
Every year he says this. And then does U turn and sings praises of the FM when the budget comes out.
Weather its bjp or congress they both works for rich and foreign companies, people has become slave, moreover some poor people think they are middle class
All parties work only for the rich as the rich have tons of crores for lobbying and paying for elections and individual politicians costs. The middle class cannot do that. So stop voting and be non alignment (remeber nio alignment movement during indian independence struggle with the british reptiles), only to business groups that act against the personal interest of the middle and poor classes
Direct tax is useless and has been proven to be a failure, and it slows down the economic growth and also reduces the citizens purchasing power. Indirect tax revenue is more than enough and the govt can convert the incometax into health/term insurance and ULIP scheme. How about convert the personal income tax into health/term insurance and ULIP/ELSS equity scheme, so that every one can contribute to the government for growth and both the government and we the citizens can become the direct benefit from their contribution.
So how about military rule or dictatorship? I think democracy has lot to mature
There is no change in the tax slab and structure since 2014, whereas inflation has more than doubled in the last 10 years, can they not understand such a simple point
They understand everything, but did you ask this question to the government before going to the ballot box? The fact is that they have sold a 'development' narrative to the people, and the people are blindly believing in it without objectively assessing what they are getting in return
Remove tax on savings or investments . Thats more than enough relief
Nirmala Sitaraman is the worst FM ever in india. She should resign immediately. Throw the BJP government out of power. Bring one nation one tax.
What health insurance?? Why we don't get that .. every tax should get health and life insurance the moment we file our tax returns
Very confusing, on one hand he says The modi government has been very successful especially where poverty is concerned, then he says 1 billion people live on 1000 $ per year, so how has the government been successful!!?
Absolutely true Sir!!!
It is eye opener to FM suffering should be reduced to middle class
In all sphere of subjects.
Very correct Sree Pai. 🎉🎉🎉
The FM must abolish personal IT completely. Only 5% pays tax and the rest don’t. You cannot tax the agro- income for various reasons, mainly political so why tax the middle class ? OR You can reduce the tax burden of the middle class. Secondly, the GST- let’s have only two rates 7% and 18% and get rid of GST in medical- insurance. Lesser tax countries earn more when they reduce the tax burden on public. India is not unique as people say, all countries are unique and they are managing them uniquely. Third- FDI, the budget must deal with it more FDI to come to India specially in infrastructure, defence, semi- conductors and so on and so forth. No point having 100% FDI in insurance ! Recent engines shows that the FDI has slowed down to 0.8% from 2.2% in 2019. This is crazy. Fourth- a senior citizen after paying taxes throughout their lives need to pay taxes after retirement. Immediately abolish it. Fifth- please the budget must look to the LTCG and STCG- reduce it to the international level of 9%. We have this stupid taxation system burdening people those who are paying tax. Sixth- laws needs to be changed for easy FDI inflow and coupled with it the Delivery of the justice system, which I must say is pathetic. More can be said but as of now these are Immediately required. No point having meetings after meetings delivering nothing. If you have to have a jump start the economy take the example of Trump signing 200 presidential order while talking to the reporters! Man, people are leaving the country!
Wonderful Mr Pai at his best!
Absolutely true
You are very correct, sir. Time is important. Correction needed soon.....
Precisely. Shameless and greedy CEOs and ineffective Bosrds 😮
Pai is absolutely correct and his ANGER 🤬 is Whole Indians Crying.
Pai, PLEASE REMOVE the arrogant grandma from India money minister.
Thank you sir
Finally someone articulated it properly..
👌👌👌
Very sensible views and suggestions!
I totally Concur with Mohandas Pai.Job creation and Lower taxation for middle class who are the prime contributors for Indian Economy and the only sufferers should be the first priority.
I have to totally agree with Mohandas Pai. He is right about the middle class situation. Not a single government be it at the centre or State are worried about the middle class. No one considers them as part of the builders and contributors of this nation. The rich are able to get a lot of cuts in taxes and lot of other privileges. The poor are offered freebies and so many concessions. The middle class gets nothing. Absolutely no respite from the ongoing increased GST and the income taxation. It is good he is speaking for the middle class. Hope FM will listen and make changes which help the middle class.
Thank you 🙏
He is just mind blowing.
Every year he says this. And then does U turn and sings praises of the FM when the budget comes out.
@@pranaysinha8300😂😂 he never does
If I become finance minister, I will do these things - 0% taxes on small and medium sized businesses, 0% tax on people earning below 10 lakh per year and 10% tax for people earning more than 10 lakh. And most of all - Remove GST
it is not income tax(which is paid only by 2-3%) but GST which is paid by everybody including the poor that has to be reduced..
I think, the interviewer must be humble enough listening to Mr.Pai rather focusing on asking questions. Mr.Pai has hit the nail with a hammer loud enough to buzz the corporate doors.
Where was the nail and hammer all these days
Great views and answers
If I recall correctly, Mr Pai has been the biggest and the most vehement supporter of BJP and its policies for almost a decade now. This seems like a sudden awaking on his part even though the symptoms in the economy have been visible for a long time now. Im glad he is atleast speaking fearlesslly, unlike most other corporate honchos that are spinelessly spectating!
perfectly put sir.....i was a hardcore BJP voter who abstained this time....if only there an alternative....we would not abstain but give a negative vote.
Overall tax (direct plus indirect ) must not go above 15% for anyone.
MR. Pai is a modi bhakth. He is trying to put all blame on nirmala seetharaman. But he has no courage to touch modi and shah
Direct tax is useless and has been proven to be a failure, and it slows down the economic growth and also reduces the citizens purchasing power. Indirect tax revenue is more than enough and the govt can convert the incometax into health/term insurance and ULIP scheme. How about convert the personal income tax into health/term insurance and ULIP/ELSS equity scheme, so that every one can contribute to the government for growth and both the government and we the citizens can become the direct benefit from their contribution.
everybody knows Nirmala is a slave of Modi
Pai is 100% right. Amma enjoys complexities & confusions while middle class has been shouldering burden of developing the nation. 25 *% corporate tax class makes ZERO private investment but praises & claps for Modi
he literally said everything that i had in mind
Pai is speaking the truth
Bravo!
Nirmala Sitaraman will tank Modi good deeds
The same person who was ardant supporter of Modi and instead of blaming Modi he is blaming Sitaraman who has no power to take any decision.
She is just a puppet.
For this terrible situation Modi should blamed and not his puppets.
Mohan Das Pai 👍👌well said
IT shall be abolished at least for Senior citizen who are above 65 tears of age. Modi is not doing any thing for the middle case and only for industrialist he is caring.
And NPS we can withdraw only at retirement. What's the use?
Rajiv Gandhi famously said that for every Rs 100 sent to people experiencing poverty, only Rs 15 reaches people with low incomes. Implying Rs 85 was highjacked by the Middle class. With the Digital transfer of Funds directly to the accounts of low-income people, the Middle class is left High and dry.
There’s no data that even remotely suggests how one can monitor how much is going to a poor persons account. We lack the infrastructure to monitor This unfortunately.
Where Did you get this amazing data,, please share this link..
@@adityas6373it is adhaar based now
he didnt say hijacked by middle class, but by 'middlemen'..dont confuse both..touts, bueraucrats, sarpanches who steal the money..the middle alwyas have gotten robbbed even during congress regimes
@: The WhatsApp uncles re-quote Rajive Gandhi every day.
Could you give me an example? Up until 1990, everyone received a subsidised Ration. Most of it was consumed by the Middle Class, not people with low incomes.
For a structural consultancy firm IT is 10% which too much. Apart 18% GST to be paid.
Sir, I am a super senior citizen, retired from a commercial bank with a meagre pension which has not been increased even one rupee since last 32 years.We have got enough pension funds of our own.We don't depend on govt.Still the FM and PM don't look after us.This is the present govt, what they are doing.Shameful affairs.
Extortionist...absolute right word. Govt does give nothing back to common man. We work for govt not for our family. We get penny for working.
Rightly said Mr. Pai
Well Said Pai Sir...
Why can't Dubai model of no taxation on salary be implemented in India? Atleast the spending capacity will increase tremendously
Abolish IT immediately and save the nation from income tax department and tax terrorism.
5 slabs of GST is sufficient for Indian economy.
Both should not be imposed
Slowly & surely higher education is getting beyond the available means of lower middle class.
Excellent
Nirmala Sitaraman is the BEST fm this country has ever had.
Wonderful
Very very simple tax system is the only answer. GST on health insurance is bad. More schools and hospitals should be a priority. Education and employment to all is the only solution. Develop rural areas. Senior citizens from foreign nations want to retire in rural India if it has access to good hospitals. Our villages can be our trump card.
Request sir please explain in terms of Lacs and crores Explaining in Billion and trillion is very difficult to comprehend in our mind
In.simple.word........
Mera.desh.mahan.
99%baeman.
Desh.mahan.
Anchor interrupted but Mr Pai raised one pertinent question apart from many ie airport harassment
Pai had been a big supporter of Modi's economic policies.Finally he seems to have realized the reality on the ground.
Any amount of feed back by the Middle class is falling on deaf ears of FM! Arguably the worst ever!!
Babus have total control over incompetant Nirmala... Tax terrorism has to end. We are still paying the price of loot and plunder by Congress.
Taxed middle class heavily and give money to state government through Finance Commission and then state government will go for freebies