HW Shorts APP India

Raghav Chadha Crticises Removal Of Indexation Benefits

raghav chadha

AAP MP Raghav Chadha criticized the removal of indexation benefits on long-term capital gains in the Union Budget 2024. He warned that this move will “lead to inflow of black money,” “reduce investment in real estate,” and cause “undervaluation of property deals.” Chadha urged the government to restore indexation, claiming it is essential for investor confidence.

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HW Shorts APP India

Sitharaman Speaks Up On Budget’s Implications For Middle Class

Nirvaan Govind
nirmala sitharaman

Finance Minister Nirmala Sitharaman acknowledged the challenges faced by the middle class in the Budget 2024, stating, “I want to relieve the middle class, but I have limitations too.” The Budget increases the standard deduction from ₹50,000 to ₹75,000 and adjusts tax slabs under the new regime. Sitharaman noted that while the reforms aim to benefit the middle class, “the new tax regime was implemented with the aim of reducing the tax rate” for all taxpayers.

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