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‘Finance Ministry Treats You Like…’: Mohandas Pai Has This Request For PM Modi | Budget 2024

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In less than a week, Modi 3.0’s maiden budget will be presented by Finance Minister Nirmala Sitharaman, but there’s distress on the jobs front, the number of rich surrendering their Indian passports is likely to end at a figure higher than last. The middle class wants a break. In this exclusive interview, Mohandas Pai, Chairman of Aarin Capital talks about the industry, middle class, and startups’ expectations. Watch the full interview to know more.
#mohandaspai #budget2024 #modigovernment #nirmalasitharaman #financeministernirmalasitharaman #incometaxslab #budgetexpectations #angeltax
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Опубликовано:

5 сен 2024

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Комментарии : 513

@madhun6432 Месяц назад

Our FM is insensitive to middle-class paint points, inflation and high direct tax is torturing us.

@atmakurpradeep Месяц назад

She is Tax minister

@santanodcosta3360 Месяц назад

FM is a red chilli eating person....filled with venom. Even in parliament,she barks like a fish monger without any decorum nor courtesy.

@DESERTYT-kf1dn Месяц назад

This is the ground reality for middle class in India. This is the right time to look beyond middle class and foucs on corporate india, rich and ultra rich. Every time middle class is being taxed heavily.

@safinnair7502 Месяц назад

The same here in Canada brother😢

@juPi05tEr Месяц назад

If you earn 1 Cr+ you end up paying almost 40% tax due to surcharges, so they are not sparing rich either. Ultra rich are the only people making a lot of money..

@narendra1867 Месяц назад

@@safinnair7502The problem is not tax, its not getting anything back from government

@JohnnyRotten-uf6xw Месяц назад

Love this, we need more industrialists in positions of power than unproductive caste-based politicians who have never worked a real job. Mr Pai should run for office please.

@tk-ld5cd Месяц назад

Not him at least who advocates for 70 hr work week

@Mdevendra333 Месяц назад

We need Mr. Pai as FM not bureaucrat kind of Mrs. Nirmala Sitharaman

@bharamappakoulapure1141 Месяц назад

She is not bureaucrat she was shale's woman

@DS-ux9ld Месяц назад

Modi is the real FM

@piyushpatel6536 Месяц назад

Totally agree. S

@joy_pursuitoflife1602 Месяц назад

Agree

@divakarshetty3210 Месяц назад

He couldn't deliver a reasonably performing software for banks or IT department and will he be able to deliver as FM for this vast country with diverse requirements?

@nn11067 Месяц назад

Brilliant !!! Mohandas Sir Backs each stmt with data !!

@askwhydude Месяц назад

Yeshe thanked PM for the budget with the data !

@sarathchand5699 Месяц назад

Very well said. Modi ji hasn’t been up to the mark in controlling Nirmala Sitaraman making stupid taxation policies. The middle class is paying 30% tax. What’s left to eat or save after that? We are all a family of 4 & 2 dependant parents. Modi ji please save us from taxes. I guess the country already has adequate money. More taxes goes into pockets of corrupt politicians. What’s the use of that?

@saarassc Месяц назад

Don't blame Nirmala sitaraman she's just an arrogant and short tempered front face with no or little knowledge. It's the bunch of advisors that formulate and implement. Taxes should be backed by social security so that everyone is happy paying taxes.

@dileepkful Месяц назад

Only 30%. You already pay tax. And you decide to have some savings. That again would be taxed. Tax on FD , long term retirement savings, tax , tax….When you buy a chocolate for your kid you pay GST- 18% . Because it’s a luxury. The funny part is there are no taxes for political donations or religious donations. Those who can flee this country please do it. That seems to be the only solution where you can assure that you work for yourself and get something decent in return for the taxes one pays.

@SaiSistersFamily Месяц назад

True

@user-ql8xk3cy5z Месяц назад

Thanks. This is the dilemma we middle class pensioners face. Even mutual funds capital gains tax needs a relook for the pensioners. Wish Mohan Das Pai would write to PM on behalf of all of us.. The middle class always suffers. Wonder now can Sitharaman do any changes, the budget must be ready and waiting for 23rd speech right???

@RKV8527 Месяц назад

education and health is not for Nirmala ji

@deepsikhasarkar3324 Месяц назад

She is actually not suppose to hold any portfolio. Why couldn't she survive as defence minister. She will drain every single drop from middle class and salaries workers.

@vaibhavpatil1983 Месяц назад

Kick the person out who initially suggested Sitharaman as FM first

@mangalapalliv Месяц назад

It is Nraendra Modi.....

@santanodcosta3360 Месяц назад

She has no right to be part of the NDA cabinet as she is not elected by us voters.

@LiveInPeace1 Месяц назад

Thank you so much for raising this issue. Throughout our careers we the salaried class would have easily paid a couple of crores in income tax, let alone all other taxes. After paying so much taxes, god forbid something happens to the main bread earner we cannot expect anything from Government. At least we don’t have good road infrastructure, except for the main roads. Garbage being dumped on street, raising healthcare costs, rising educational costs. The constant pressure of carrying the tax burden is back breaking. At least this man has raised this issue, enough of glorifying the PM. He is the chief public servant at the end of the day, not god or even our father or grandfather.

@user-sx5fw8ms6z Месяц назад

Well said Mr. Mohandas Pai sir.

@jyothikumar811 Месяц назад

More middle class must raise voice. Nirmala is useless, rightly said, PM must walk the talk.

@shekarnarasimhan8477 Месяц назад

Jyothiji its time to wake up. Every FM is taking Middle Class for ride.

@vichu000 Месяц назад

Brilliant... Truly upsetting.. To see middle class 2-3 % pay taxes... What kind of equality is that? Additional to TDS... We have to pay 18-22% GST.... I STOPPED BUYING anything but essentials. People have crore spent in wedding... This is slowly looking like a African country. One fracture for a senior at home and school fee is killing us.... If I could I would leave India. 😢

@bidyasagarboruah2190 Месяц назад

Tax terrorism is the correct word only the sufferer will understand. I have a family of 4 to support from my salary, but the government tax policy is so stupid paying 30% tax from hard earned salary is like extrotion only by the government.

@pkmkb007 Месяц назад

Yeah move to Canada and pay 45% tax right? Atleast you earning in dollars right?

@amitkjain8 Месяц назад

@@pkmkb007every one can not move outside India,they might have their other responsibilities. But many are moving out of India every year because of this tax terrorism.some will be victims of it and some will leave.

@nishithpadman3939 Месяц назад

Modiji lost contact with common Indians. GST is breaking the back of Indians. FM has no sense.

@dittokiller Месяц назад

The moment GST is applied to petrol and diesel, the common man will be able to afford most things.

@ladybookworms Месяц назад

Tell that to the people who think and vote with their religion.

@akhandbha Месяц назад

@@dittokiller But the big businessman will not allow that

@anishmathew7904 Месяц назад

Mohandas Pai - pride of India. Pinpoint accuracy with facts and data to back up each statement ❤❤❤

@sureshiyengar7556 Месяц назад

Sir pai , why do you waste time , BJP is going to tax only middle-class people. They will harass only form 16 middle class people. At least they should take advice of Dr. subramany swamy .

@abhishekvyas9222 Месяц назад

Cartoon

@sureshsankar4256 Месяц назад

Non sense.. Everybody till date done that only. Needs change. But change your taste..!

@jagadishmrv Месяц назад

Paper Tigress

@coruscated Месяц назад

Nirmala doesnt care

@shubchatt Месяц назад

Nothing will change. Life will continue as usual 😌. Sad but true. I agree with Mr. Pai, that agencies have tremendous power which is often misused.

@shanmugamkannan9657 Месяц назад

As subramania swamy said all IT should be removed. All citizens are paying from 5 to 28 % taxes in the name of GST. No limit. So govt should stop IT.

@RajeshSharma-iy7zk Месяц назад

On top of that income tax people are harassing middle class which has upset middle class further.

@laya0srinivas Месяц назад

P.M should intervene to stop this Tax terrorism. I have struggled to get two masters without quota and struggled 18 years in services sector and IT, Opted for no Kids since we are not confidenet of this unsustainable system, Still cannot break out of Middle class. who's fault ? Modi ji must do something for people who are Honest.

@sudhaagarwal9290 Месяц назад

Well said sir...Voice of the Bharat ...janta ki aawaaz h ye.....

@user-dh8sn1jn4m Месяц назад

Hello hi sir and madam all the best and Good luck sir jai Jai India 🕉 🙏 🇮🇳 ❤️

@chikka2203 Месяц назад

No Government for Middle Class..we pay IT of 36 percent with surcharge alongside GST for everything from mosquito coil to car😢

@balakrishnarao6818 Месяц назад

Mohandas pai sir very important person in India on country development issues, government should utilize his service he was very much visionary.

@venkatalakshmanakumar.c554 Месяц назад

Rightly narrated Mr.Pai. Appreciate your brilliant statement on various policies and concern towards middle class who are under pressure of inflation. The cost of vegetables and edibles are shooting every day.

@prabhakarguptas.9491 Месяц назад

Tax Administration is not fair and unreasonable and unfriendly. Look at LTCG on shares and MF 's. And Next is AIS with full of Mistakes and double entries and even updation till June middle. If there is mismatch and does not tally, you may get IT notice, scare from news report.

@dittokiller Месяц назад

If the government wants to protect the youth from F&O trading (since research shows 70-80% lose money), they should encourage long-term capital investments by either reducing taxes or raising the tax threshold to ₹10-20 lakh or increase a bit on short term tax and remove tax on longterm capital gain just like the old times .

@mariappansengodan7596 Месяц назад

Rightly said. You summed it well. When will the GOI listen to this predicament of the Middle and low income groups.

@aadityachourasia2124 Месяц назад

Abolish income tax !!! We dont need it subramanian swami is saying this for a long time

@jayaprakashthampuran6521 Месяц назад

OK.But what are other resources for country's development works.

@aadityachourasia2124 Месяц назад

@@jayaprakashthampuran6521 auction 2g 3g 4g 5g spectrum license auction coal blocks sell all psu nationalize all foreign accounts

@Smartlifekannada Месяц назад

Give gst returns for common people also for their all purchases.

@Smartlifekannada Месяц назад

Inflation is eating all the savings,above which so many taxes.... it's terrible

@karalworld Месяц назад

I support Mr. Mohandas Pai.. We need more tax breaks for middle class citizens.

@Madhubindiganavile Месяц назад

Very well said sir

@vishnuanil7691 Месяц назад

India is living out of middle class money... what a shame

@saintchristopher8228 Месяц назад

😢Tax Payers money is being wasted in giving the Freebies and Subsidies in India just for Vote instead of utilising It for the development of the country 😮😢

@subramanianpm1983 Месяц назад

How many times a citizen has been looted his hard earned money by government? FM was blinking when a share trader questioned the nature of squeezing his money through direct and indirect taxes. government taxes our income first.. shamelessly again and again they demand us to pay tax on everything except what we breathe , something similar to nokku kooli, extorting money for loading or unloading commodities without doing the work. Who is there to dare this highway robbery?

@avanishkumar2682 Месяц назад

100% True❤

@manthramurthy7549 Месяц назад

Middle class pay tax honestly and also vote for Modiji .....but the PM distribute to the so called farmers who don't even vote for him.....Mr PM please wake up..😂

@vijaybgood Месяц назад

Sir has always been a sane voice in the country.. Even since before 2014...

@princeofheaven19 Месяц назад

A big salute to Mr.Mohandas Pai for speaking against Nirmala Tai

@vinothmck3953 Месяц назад

But still he is hoping PM will do some magic... doesn't he know FM is doing whatever she is only with the blessings of PM?

@anuroopk5799 Месяц назад

Taking the burden of corporate taxes onto common people!! Rich becoming super rich and poor become poorer!!

@sivasankaranav6104 Месяц назад

Rich agriculturists are exempt from tax, making a mockery of the system !!!

@rajeshsalian3657 Месяц назад

and they want legal guarantee for MSP, its right time to tax them whilst giving legal guarantee. cost and expenditure will even out hopefully.

@santanodcosta3360 Месяц назад

Tax the rich farmers. Why should they be exempted?

@shafimogral4127 Месяц назад

Most of the businessman which include Pai felt great during the last 10 years due to the policy that favoured the rich at the expense of the poor. When addressing the need of the poor, the growth will be less visible, you will be taking longer and perhaps the numbers are unlikely to look great . Now they discover that without those poor generating more demand side supply side is a wasted exercise. Never realised the ground slipped under your feet,The industrialist whose tax were reduced to 25% never generated more jobs.

@shitiltilve3490 Месяц назад

No social security /no incomes/only gamble and create self income /and make govt of india rich to maintain our so called elected representatives healthy and wealthy

@settykusumanchi8945 Месяц назад

Sir, you are absolutely correct, government has to reduce the tax. But all our request is fallen in deaf years

@ganesanvijayaraj2804 Месяц назад

Opportunity to listen a great speech and ideas for the govt agencies to implement for the benefit of the country.

@gopiraj9170 Месяц назад

Excellent Sir ! Glad to see you have voiced out for the Middle class, over many decades Millionaires like PC, Arun were FM and they never realized the pain of Salaried class , I honestly believed when Nirmala took over she will there will be relief, but it was great disappontment, rather it was wounding when she made statements like She is not eating onions, she is also paying IT etc...I fully understand this Govt is trying to build better Infrastructure, reduce corruption etc but what is benefit if you are not serving the hungry person with bread immediately ? Will you say wait I am preparing a feast for you and future and stay hungry? Senior citizen concession also reduced...hope FM realize the reality not go in to egoistic mood this time... if not it's not FM going to loose, as she's anyways not elected by people... great loser will be BJP, Modiji and so on...with so much accumulated central funds the next govt most likely Congress led will indulge in all populist measures like waive off the farm loans, agriculture loans etc...

@sudhaagarwal9290 Месяц назад

Brilliant Sir...atleast somebody has come up for people like is

@iPritam Месяц назад

Well spoken Mohandas Sir 👍🏼

@mohankdhulipati8471 Месяц назад

Absolutely true😢 Hard earned money is gone in air with no benefits, it’s being distributed to poor and rich people like free goodies and corporate favors. Poor employee / middle class segment like squeezed lemon till dead skin. Very pathetic.

@surendrapatnaik4011 Месяц назад

Removal of indexing is ridiculous by govt.

@RatanGulshan2020 Месяц назад

Wonderful 👍

@debadattapattanaik2427 Месяц назад

You are correct Sir. PM has to think about the rising cost of living and the price rise which is affecting the middle income group and the pensioners.Household saving becoming dry.Cost of hospitalisation sky rocketing. This middle class expected 'achhe din' from Modi.1 gave strong support for Modi.2 and still supportive of modi.3 but what it got in return ? A starved middle class cannot be aspirational. Modi and his team should understand this. Hindustan Times is requested to reproduce this viewpoint of Mr Pai in Hindi and other provincial languages for the benefit of all the people of this country because all cannot understand English.

@rsnk9957 Месяц назад

He is correct. Govt is for the people. They should listen to common man views on taxes.

@nishusinha19 Месяц назад

Thanks Mr. Pai for being the voice of people.

@pranoy.chakraborty_ Месяц назад

I love this guys logics

@jagans360 Месяц назад

True Mr. Pai. Middle class salaried class people suffering with overburden on income tax year after year who contribute.

@sabujoseph6072 Месяц назад

Sir , i was a staunch critic of you on some of your views. But now I realise that you have got the guts to name things, to call spade a spade. Salute you Mr Pai

@ashokanand5423 Месяц назад

Fully agree FM is shameless. She has no mind of her own and playing in the hands of Bureaucrats and Industrialist.

@changappalarny4701 Месяц назад

Pai sir well said 👏👏👌

@sureshsankar4256 Месяц назад

Nothing going to change.. The salaried going to be under the wheels for ever..

@Spashth Месяц назад

He is absolutely right, feel it everyday. I pay huge amount of tax but in return I do not get anything. If I go on the road I toll tax, you cannot go toa government hospital, you cannot put your kids into government schools, government buses are third class. Never get reservation in railways, railways are still dirty. Our cities are still dirty, and the government colonies in the city are worse so we are forced to live in gated communities built by private , the quality of life in cities are not really improving at all. Health insurance you have to buy separately so what Facility is government providing in return of the Tax? government is distributing free bees like a bl*** mindless person. Why are we all paying tax? Instead of living in india I am planning to move either to Dubai or some European country at least I will have a better quality of life.

@sudhaagarwal9290 Месяц назад

We are the new bharat....we have a right to speak

@fightitout100 Месяц назад

Please ask does STT and Capital gain is justified

@scplan Месяц назад

PM Modi should fire the FM and halve the taxes to save BJP.

@DebRupamBanerjee-qz8nz Месяц назад

Aunty should quit and industry leaders should run finance ministry instead of bureaucrats

@ravitranslink5443 Месяц назад

rightly said.. replace with piyush goyal saab ,, as he is CA

@AntiSychophant-fi9yr Месяц назад

Modi Shah Nadda are busy stealing our tax money to fund their elections...only Honest and Sensitive guys left are Rajanth and gadkari...

@NarayananK-ct4gl Месяц назад

Industrialists are great looters joining hand in glove with the ruling party. First time I heard today te most arrogant PM talking that al parties should work together for youth, women, poor etc. for the progress of nation. Had he adopted this since 2014 and allowed healthy debate in Parliament we would not have wasted 10 precious years. He was more interested in throwing out using dummy speaker to throw it Rahul and Moitra from parliament. Allowing Modi to continue is deadly dangerous to the country. He is for people who celebrate ₹5000 cr wedding. Sorry state of affairs.

@ganeshganesh582 Месяц назад

கிழவி, should quit. Pl. Change your statement

@sritulasibangalore Месяц назад

Mohandas Pai sir you are super | TAX terrorisam should be stopped on middile class | middle class living in bangalore is horrible | 100 of years my parents lived here

@rajucv5011 Месяц назад

Yes , we need a person like him who knows the difficulties of poor and middle class people and knows how the corporate tycoons are looting and enjoying all kinds of rebates.

@hansrajpatilChannel Месяц назад

He is blunt and truthful

@pravasmisra496 Месяц назад

Middle class voters gave a warning to MODI in last election, if he does not understand it, he will be thrown out of his post.

@prabhakarguptas.9491 Месяц назад

Hope more Mohandas tribe complain and give good suggestions.

@livelifeon Месяц назад

Pull down Tai Ma and make this man FM!!!🔥🔥🔥

@sandeepkothari8913 Месяц назад

We are definitely suffering tax terrorism and govt needs to take action immediately

@nirajrathi9887 Месяц назад

Modi Govt ,Eye opener ,Hope they listen to veterans 😊

@ekbotesharad Месяц назад

Modi ji cut more taxes for corporates like Ambani and Adani. And middle class will move to another country bcos there are no good facilities for the taxes the middle class pays.

@bansidhar9349 Месяц назад

some one actually spoken logically and reality

@VeeraForBharat Месяц назад

Thank you Sir. Happy to hear you speaking out on this important issue. Ronald Reagan had impacted US development a lot by significantly reducing the taxes and popularized it as Reaganomics. It resulted in significant growth in the US in the 90s. I am sure same can happen to Bharat as well by thinking out long term and trusting the entrepreneurship nature of Indians.

@sudhaagarwal9290 Месяц назад

Well educated people who can be brilliant asset for country are really suffering under money pressure

@ARK90017 Месяц назад

Atlast he has realized and raising his voice against Govt.... Now he understood education is important

@gop1962 Месяц назад

A class four in EB is getting more salary compared to Manager in most of Private sectors . Only Government employees are benefited during Modi government rule and expenses of others Government taxing more to feed their employees and private passing this burden to employees.

@sasikumarn5786 Месяц назад

It is a long time to have a Finance Minister to present 7 consecutive budgets. No fresh air or vision. It is needed to induce fresh talent to bring in fresh thinking and environment. That should be a priority to Modi O. 3

@samir00011 Месяц назад

The only speech that soothing me

@marketlive145 Месяц назад

India should publish monthly employment report and RBI should be given Fed like dual mandate of maximum employment and 3% price stability tht; RBI and Govt should ensure below 5% headline unemployment rate with min wage like 45K

@kariyappah4603 Месяц назад

This year FM must give tax concessions to middle class salaried class, government must not take them for granted.

@hmvdhv Месяц назад

Please watch these channels if you want to have lower taxes. Not coming on roads is okay, but support the right channel so that the views reach the destination

@roxx912 Месяц назад

At last Mohandas Pai has found his own voice

@ampan75 Месяц назад

Govt trying be oversmart. No facilities compared to tax.

@MMC619 Месяц назад

Finally someone saying truth

@CriticRoshun Месяц назад

I have a feeling that Budget 2024 will once again disappoint us -- the middle class! 😢

@raoplns Месяц назад

Tax authority became a harassment department....thanks to Nirmala and shah politics...

@chikka2203 Месяц назад

One Man talking for Common People

@ravindranathpuvvada1966 Месяц назад

Practical& realistic and also growth oriented suggestions.🎉

@desitroll8094 Месяц назад

Can't beleive our country has a finance minister that's doesn't understand basics of finance. It's shocking. There are 1000's of agressive intelligent mature leaders like Mr Pai that we need who doesn't care north south he knows India inside out

@gurudattag Месяц назад

Job Security is low. So taxing middle class salaries along with Job Insecurity is even more hurting

@user-re7ld9ow8q Месяц назад

World super economist Dr.nirmala seetaraman plz stop this kind of tax terrorism,

@asun468 Месяц назад

Tax everyone in the country, if that calls for unrest be it. Change has to come, one nation one tax for all. No slabs, flat 20% for salary above 5lkhs.