🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Messages

Back

CA Jasmeet Singh

In God We Trust, The... • 4m

Budget 2025

Havish Gupta

Figuring Out • 4m

Sir, since you are a Ca, I have one question. So since the Gov have reduced taxes, it would reduce tax collection. And i guess, gov's logic is that it would increase disposable income leading to more spending which will cause economic boost. So my question is that will it really help in economic boost or would it just keep India behind?

1 replies1 like

Replies (1)

CA Jasmeet Singh

In God We Trust, The... • 4m

Hey Havish, Good Question ! I think as the Government has reduced taxes which has led to revenue loss to government will somehow be recovered by the Government of India. A major chunk of people in India do not pay tax irrespective of the fact they are covered under Income Tax Provisions. I think this scrutinization is going to rise in the near future. Coming to the question that will India succeed in boosting it's economy by enhanced Consumption. I think it can backfire, I will tell you how. Now there is no tax Uptill 12 lakh so easily someone can file their return with higher Turnover and profits or salary (Bogus). Banks will provide loans to people through these ITR's and consequently the people with very low paying capacity will easily get loans and not paying the loan back can lead to a crisis for India. This is my personal Opinion that there can be havoc by this Credit enhancement.

1 replies3 likes

Recommendations from Medial

ProgrammerKR
•

Medial • 1m

Haryana's impressive GST collection of ₹14,057 crore in April, placing it 4th nationwide, reflects the state's growing economic strength and efficient tax administration. This achievement shows how transparent governance and tech-driven systems can s

0 replies3 likes

gray man

I'm just a normal gu... • 2m

Zepto, a leading player in the quick commerce space, has significantly reduced its cash burn and is approaching a $4 billion annualised gross order value (GOV), according to cofounder and CEO Aadit Palicha. “We’re getting close to $4 billion in annu

5 replies11 likes

Havish Gupta

Figuring Out • 1y

Did You ever Regret Not investing in Bitcoin? Well there is something for you! These is a new crypto and this one is serious as it is co created by Sam Altman. What it is? Worldcoin is a digital currency project by Alex Blania and Sam Altman. User

5 replies12 likes

Rabbul Hussain

Pursuing CMA. Talks... • 4m

The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6.25%, the first rate cut in nearly five years. What is the repo rate? It’s the rate at which the RBI lends money to commercial banks. A lower repo rate means cheaper loans

1 replies13 likes

Piyu

....... • 2m

Zepto is playing it smart before the IPO! Raising ₹1,500 Cr ($175M) debt from Edelweiss Alternatives & others ➡️ Buying back foreign shares to boost Indian ownership. ➡️$5B valuation ➡️Founders upping stake from 18% to 20% 💰$4B GOV IPO filing by

0 replies22 likes

Ripudaman Singh

Trying to build big,... • 9m

Question. Is there a platform where people and organisations can request for datasets and you can fulfill those requests within a timeline and you charge money for it based on the difficulty and feasibility of the collection of data?

5 replies4 likes

Abhishek

Better at 50 • 3m

Been using medial since it aired, am loving the UI and very addictive tbh. Would love to see more people singing in

1 replies6 likes

Shashank Bhutiya

Hey I am on Medial • 25d

Is it me or you all also like the note making app which lets you start saving things as soon as you open it instead of login or few question some dashboard. I would rather answer those question later. #productdevelopment #ProductDevelopment #NoteMa

1 replies6 likes