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Discussion Politics

Discussion in 'General Discussion' started by Gobb, Aug 14, 2020.

  1. Riker

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    Most of these private companies are unwilling to pay even the monthly living wage to someone who has three University degrees. Pathetic.
     
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  2. upsurge Revolutionary Pessimism

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    You can thank Modi for repealing various labour protections; especially relating to working hours, overtime pay, and minimum living wage. Heck, UP and MP have pretty much made bonded labour de facto legal.
     
  3. Riker

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    I did not know about this. Are there news reports on this?
     
  4. Blazing Storm Godly Member

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    This is Bull


    What do you think Literacy in Japan was compared to tha of Newly Independent India.
    Japan was already an industrial powerhouse so it was far easier to get rebuild.

    India on other hand has most number of illiterates and poors to feed. A fair comparison would be China or vietnam and they were neck to neck with us till 90s.

    After the 90s you can't fuckin blame Nehru. Even BJP was in power for like 13 to 14 years in past 30 years

    Honestly if it wasn't for Nehru you would be reading How Sun is God which was eaten by Hanuman who thought it was fruit in physics and the shithousery called Vedic maths in place of maths and how Cow dung can help you escape radiation when there is nuclear disaster
     
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  5. upsurge Revolutionary Pessimism

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    Not from mainstream outlets.

    https://frontline.thehindu.com/the-nation/article28757774.ece

    https://scroll.in/article/1011708/i...vernance-will-not-work-in-india-and-never-has

    These are the nicest articles about the new labour codes passed in 2019.

    But here is a basic summary:

    1. They lowered minimum wage for unskilled labour by 22-25% across the nation compared to the recommendations of the Seventh Pay Commission.

    2. They made it harder for workers to unionize; this has especially hit hard unions made up of SCs/STs and other oppressed minorities.

    3. They have made it outright legal to discriminate against women when it comes to pay parity (at the time of recruitment and for up to three years after).

    4. They have removed various protections for workers regarding factory shutdowns, inspections, reduced or removed the roles of safety and labour inspectors for factories employing less than 300 labourers, reduced penalties for violations, upped the thresholds for setting up canteens and crèches in factories, reduced the "minimum calorific count" for meals given to factory workers, and so many more stupid things.

    5. New codes were introduced that increased maximum working hours per day for skilled labour without overtime pay from a ceiling of 9 to 12 hours; basic salaries for skilled labour were increased slightly but perks saw a decrease and limitations. Similar amendments are planned for the Factories Act.

    6. The labour codes were framed keeping in mind only "ease of compliance and ease of doing business" for factory/business owners. The new labour codes were framed solely keeping in mind the interests of investors/owners, not the workers.

    ---

    There are also things in the new tax regime which heavily impact middle class and lower middle class households. You can currently choose whether to file under new or old tax regimes, but rumours have been swirling (and these come from the Finance Ministry itself) that the old regime could be done away with altogether in due time:

    1. If a family earning annually INR 5 lakh or less were to file under new regime, their tax liability would be as much as INR 12.5k, which would have been zero under old regime due to Rebate U/s 87A (which was a boon to lower middle class households).

    2. Families with incomes of between INR 5 and 20 lakh would see their tax liabilities go up by between INR 12.5k and 37.5k; only those earning above INR 25 lakh annually would actually see any benefits of lower tax in the new regime. Those earning INR 55 lakh to 1 crore could see their tax liabilities slashed by anywhere from 25k to 1.1 lakh. It's abundantly clear that the new tax regime is beneficial only for high income earners.

    3. From this assessment year onwards, any interest on PF where annual contributions exceed INR 2.5 lakh (INR 5 lakh for government employees) would be taxed in full. The whole PF thing was in the first place meant as a safe and secure savings for middle class folk.

    4. From this assessment year onwards, first time home buyers have decreased or outright eliminated deductions for the purchase of their first house property: additional interest deduction under Chapter VIA (Sec 80EEA) for interest on affordable housing loan (additional 1.5 lakh up and over 2 lakh U/s 24) is no longer a thing; now you can only claim U/s 24 under the head of income/loss from house property (which has a limit of INR 2 lakh). So this is a huge blow for first time home buyers of affordable housing. They could see their tax liabilities increase by anywhere between INR 7.5k and 45k (depending on their tax bracket). The funny thing is that Sec 80EEA was the brainchild of Arun Jaitley.

    5. DDT was scrapped from last year itself. It was a flat 15% tax rate that the issuing company had to deduct, and the income itself was considered exempt from tax U/s 10(34). Now it is taxable under normal income from other sources in the hands of the taxpayer themselves. Depending on your income tax bracket, you could be paying anywhere between 20% and 30% tax on dividends now instead of the old 15% flat rate.

    6. Sitharaman gave huge tax cuts for corporates, slashing corporate tax rates in both the 2021 and 2022. The tax cuts applied only to domestic companies, yes, but the move is idiotic nonetheless. And to make up for the INR 1.6 lakh crore tax cut she gave them, she has to pinch the middle class with GST and new tax regime.

    Very good point.

    Nehru saw the need for industrialization. Nobody can deny that. His economic outlook was modernist, and he stressed repeatedly on industrialization in his five year plans, especially the second (the first focused on agriculture and mining). Even Mahatma Gandhi, who was against large corporates, saw the benefits to India of industrialization (especially to rural India).

    He got the ball rolling, but these ****-wits in the NDA slowed it down.

    Savage XD

    But, yeah, it's good that our first PM was a well-educated agnostic and proponent of rapid industrialization. Otherwise we pretty much would have become Hindutva Iran.
     
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  6. Blazing Storm Godly Member

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    Hindutva Iran will be lowballing it. Unlike Iran India was never under a single empire for long period before British. Most of of southern India was free from empires in North same goes for North East. Despite being a functioning country for 75 years there is still boiling racism, casteism and communalism rampant in the country. What do you think would have happened in a country freshly out of brutal communal partition. There would be state sanctioned blood bath everywhere.

    And its not something unheard of. The Jews and Christians in Middle East or even our pure neighbour Pakistan is great example.

    After 25 years when they were bored up with butchering minorities and bengalis(becoz of Bangladesh independence ) they turned to Ahmadis(who were in forefront of creating Pakistan)
    Now for past few decades it has been Shia's. Then there is also Baluch and pashtun insurgency.
     
    Last edited: Apr 6, 2022
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  7. Riker

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  8. Riker

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  9. upsurge Revolutionary Pessimism

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  10. Riker

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    Do you have an article?
     
  11. upsurge Revolutionary Pessimism

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  12. upsurge Revolutionary Pessimism

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  13. Blazing Storm Godly Member

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    Maggi was shooting Man vs Wild episode when Pulwama happened

    He comes in episodes like 20 mins late and there is lot cringe feku talks and at last Bear Grylls asks him ki Did your underwear get wet and both laugh
     
    Last edited: Apr 7, 2022
  14. upsurge Revolutionary Pessimism

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    Man, I so feel like vomiting when I think about that ******* episode.
     
  15. Riker

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