The entire nation eagerly awaited the announcement of the Union Budget 2024, a pivotal document charting the course for India’s burgeoning economy under the Modi 3.0 regime. Contrary to expectations of a budget solely focused on growth and development, this comprehensive budget addressed both growth and welfare. Finance Minister Nirmala Sitharaman outlined four focal areas: ‘Garib’ (Poor), ‘Mahilayen’ (Women), ‘Yuva’ (Youth), and ‘Annadata’ (Farmer).

To ensure the all-around development and upliftment of these pillars of the Indian economy, the government delineated nine budget priorities, serving as a roadmap towards a “Viksit Bharat” (Developed India). This budget not only reinforced the government’s commitment to holistic development across all sectors but also underscored its dedication to a sustainable future.

The announcement of the Union Budget 2024 sent ripples across financial markets and sparked a wave of enthusiasm. Numerous industry leaders across various sectors praised the strategic vision and anticipated impact of these announcements.

Here’s what the industry leaders had to say:

Providing an overview of the possible developments in the financial markets, Mr. Tarun Singh, Managing Director of Highbrow Securities said, “The Union Budget has impacted the buoyant stock market, but its effect feels more symbolic than substantial. The fundamental impact on investors will be negligible, as any changes in capital gains taxation will soon be factored into future plans. The market sentiment will remain conducive for investors. However, the budget’s opportunistic flavour cannot be ignored. On a brighter note, the budget’s incremental yet pivotal steps towards fostering an inclusive manufacturing and MSME landscape are commendable. The proposed initiative lays a sustainable and secure foundation for investors to explore emerging opportunities within this vital economic segment.

One of the key standout aspects of this budget is its respect for the existing consumption patterns. In the market realm, consumption is king, and any disturbance to this trend could ripple negatively across the economic spectrum. By preserving the status quo here, the budget has safeguarded the ongoing consumption story that fuels market growth. The Stock Markets, thus, can absorb minor setbacks and continue on a bullish path, backed by stable and robust consumer demand.

In my opinion, this budget is neither extravagant nor groundbreaking, but sometimes, not rocking the boat is an act of wisdom. This Union Budget may not sparkle with dramatic flair, but its understated elegance might very well be the unsung hero of our economic narrative this year. I am anticipating a favourable year ahead, with markets expected to benefit from sustained consumption and emerging opportunities in the revitalised MSME and Manufacturing sectors.”

Devam Sardana, Business Head, Lemonn, addressed the impact of LTCG and STCG changes on the financial markets, but provided a different viewpoint on the same. He said, “Lot of people asking the impact of STT, STCG and LTCG on the equity market participants but instead of the impact of direct factors, I believe the removal of indexation benefits on real estate, gold etc will have a major impact on the equity markets and participants (and that too a positive one). From a real estate standpoint, I see 3 major things:

1. Secondary market for real estate will be hit as sellers will be unwilling to absorb the full impact of the potential tax increase ( no indexation benefits)
2. Buyers looking for investing in properties ( beyond residential use) will step back a bit. The government recognises this and has therefore “urged” states to reduce the stamp duties
3. Potential cash transactions or share of cash in real estate might increase and this might lead to increased scrutiny of real estate transactions.
4. Overall, this makes real estate as an asset class less attractive compared to pre-Budget rules. Of course, if one is looking to re-invest capital gains from real estate in another property, there is no change for them. With regards to the question on STT, STCG and LTCG, there is minimal impact on the equity markets but when looked at the competitors of equity as an asset class namely gold, real estate – investors can breathe a sigh of relief!”
5. “We welcome the Budget 2024-25 as a people-friendly and pro-development budget. This year’s budget has paved the way for India by focusing on employment and skilling opportunities. We appreciate the various initiatives announced by the Honourable Finance Minister, focusing on the nine critical priorities—ranging from productivity and resilience in agriculture to next-generation reforms—demonstrating a comprehensive approach to fostering sustainable growth and development.
6. For future leaders, these priorities offer a robust foundation to build upon and will create dynamic opportunities for innovation and leadership in these vital sectors. We believe that the budget, along with conducive policies and regulatory reforms, will facilitate research and development, and foster a culture of innovation, across sectors. With increased investment, the budget is poised to enhance employment opportunities and spur rising demand, especially for skilled leadership in these sectors” said Uday Chawla, Managing Partner, TRANSEARCH India.
7. Prateek N Kumar, Founder and CEO, NeoNiche Integrated Solutions said, “The recent Budget represents a comprehensive strategy aimed at fostering growth across various sectors of society. By focusing on employment, skilling, MSMEs, the middle class, the underprivileged, women, youth, and farmers, it presents a holistic and inclusive approach. The nine priorities outlined for the coming years—productivity and resilience in agriculture, employment and skilling, manufacturing and services, urban development, energy security, infrastructure, innovation and R&D, and next-generation reforms—underscore a commitment to well-rounded development. This emphasis on job creation and boosting consumption is set to significantly benefit the consumer goods, real estate, and automotive sectors. It’s an encouraging roadmap for our nation’s future.”
8. Interestingly, Mr. Ashish Singhal, Co-founder, CoinSwitch, had a different outlook of the 2024 Union Budget. “We welcome the Union Budget 2024-25 as a pro-development budget bringing great news for startups. As a founder and angel investor, I’m thrilled that the Angel Tax has been abolished. This will significantly bolster the entrepreneurial ecosystem in India. The emphasis on digital public infrastructure and the digitalization of the economy will greatly benefit tech startups like ours, which are focused on developing population-scale apps for Indians.
9. Regarding crypto, we had hoped the government would reduce taxation to align it with other asset classes. Unfortunately, this has not been addressed, representing a missed opportunity to support startups and investors in the crypto space. We are still examining the finer details of the budget to fully understand its broader implications,” said Singhal.
10. Roland Landers, CEO, All India Gaming Federation, welcomed the focus on skilling in the Budget 2024. He said, “There remains a significant skill gap in India’s gaming industry, and the increased emphasis on skilling initiatives is a promising step towards bridging this gap. Centrally sponsored schemes for skilling youth, women-focused programs, the establishment of industrial training institutions, and the provision of internships are all set to create a more skilled workforce. These initiatives will play a crucial role in helping India achieve its Vision India@2047.”

Business Leaders Across Industries React to Union Budget 2024

Gayatri Vazirani of “The Arab Crab” can now be spotted at Waterfield Road! A three month old store, The Arab Crab is a brand that caters truly to the idea “One Size Fits All”.

This brand is unmissable for those looking to add statement pieces to their wardrobes. Adding glam without expecting to squeeze into dresses, the clothes flatter all body types – attractive silhouettes at affordable prices.

Spotted in the Surbhab, The Arab Crab has garnered a reputation with the crowds of Mumbai and Dubai as the source for free-sized fusion wear. With Gayatri at the helm, each collection is designed with keeping the Indian culture in mind, but yet the designs feel strikingly modern. Her reach is widespread, from Nairobi to Jakarta, from Singapore to the USA, and ever expanding.

Meticulously blending western with the traditional, Gayatri makes sure everyone wearing her designs is feeling good about themselves. Vibrant palettes, unconventional fits and embroidery to make sure you’re standing out without sticking out.

Today, the brand continues to honor the label’s spirit with its empowering, flattering and contemporary designs.

The Arab Crab Now In Mumbai

New York, USA – It’s an international honour that Dr Sandeep Marwah, an esteemed international media personality and cultural ambassador to India from seventy-five countries will not forget in a hurry. In a momentous ceremony Dr Marwah was honored by the New York State Assembly. The accolade was presented by Honourable Nader J. Sayegh of the New York State Assembly, representing Yonkers, during Dr Marwah’s visit to the USA to foster relations between India and New York through art, culture, education and social activities.

Dr Marwah, who holds an impressive nine world records, is the visionary founder of Noida Film City. This monumental initiative has provided employment to 17,000 individuals and positively impacted the livelihoods of 150,000 people indirectly.

As the Founder President of Marwah Studios, Dr Marwah has been instrumental in the production of 4,500 TV programs for fifty channels and the creation of 5,000 training films. His extensive involvement in the film industry includes associations with over 100 feature films.

Dr Marwah’s contributions extend to the academic world through the establishment of AAFT University of Media and Arts. Over his illustrious career, he has trained more than 30,000 students from 145 countries across sixteen diverse streams. His commitment to social and cultural development is reflected in his association with 7,500 events and leadership roles in over 100 organisations including Indo-American Film and Cultural Forum. His efforts have attracted over three million people to Marwah Studios, enhancing cultural tourism and promoting New York USA in India significantly.

Hon. Nader J. Sayegh, in his laudatory speech, highlighted, “It is the practice of the New York State Assembly to publicly acknowledge individuals that embody exceptionalism consistent with the values of New York State. Dr Marwah has exemplified these values through his selfless service to the people of New York, where service is central to the mission of the State of New York.”

Hon. Sayegh continued, “The New York State Assembly recognises and commends Dr Sandeep Marwah for his invaluable contributions to international media, the city of Yonkers, and the state of New York at large. Therefore, be it resolved, that I, Assemblyman Nader Sayegh, recognise Dr Sandeep Marwah for his service to all New Yorkers and urge all citizens to honour and appreciate this distinguished individual on this day in the state of New York and beyond.”

Dr Marwah, on the other hand, expressed his heartfelt gratitude to the New York State Assembly, particularly acknowledging Assemblyman Nader J. Sayegh from Yonkers, Guruji Dileep Kumar, Chandra Sookdeo, Damian Garcia, and the numerous dignitaries present at the occasion.

This recognition not only underscores Dr Marwah’s remarkable achievements and dedication but also strengthens the cultural and educational ties between India and New York, promising a future of continued collaboration and mutual growth.

Dr Sandeep Marwah came back to India on a happy note and with a sense of heartwarming international achievement!

New York State Assembly Honours Dr. Sandeep Marwah

राजद नेता गौतम यादव सैंकड़ों समर्थकों के साथ भाजपा में शामिल, ओबीसी मोर्चा के प्रदेश अध्यक्ष बलराम मंडल ने दिलाई सदस्यता

पटना, 19 जुलाई। बिहार के मुजफ्फरपुर के राजद नेता और समाजसेवी गौतम यादव आज अपने सैकड़ों समर्थकों के साथ भाजपा प्रदेश कार्यालय में ओबीसी मोर्चा द्वारा आयोजित एक मिलन समारोह में भाजपा की सदस्यता ग्रहण की। उन्हें भाजपा ओबीसी मोर्चा के प्रदेश अध्यक्ष बलराम मंडल ने भाजपा की सदस्यता दिलाई और पार्टी में स्वागत किया।

इस मौके पर  उपस्थित भाजपा के महामंत्री शिवेश राम, जगन्नाथ ठाकुर और ओबीसी मोर्चा के प्रभारी अचल सिन्हा ने भी गौतम यादव का पार्टी में स्वागत किया।

इस समारोह को संबोधित करते हुए श्री मंडल ने कहा कि आज राजनीतिक दलों में भाजपा के प्रति लोगों का आकर्षण बढ़ रहा है। प्रधानमंत्री नरेंद्र मोदी जी सबका साथ, सबका विकास की नीति को लोग पसंद कर रहे हैं, जिस कारण बड़ी संख्या में लोग भाजपा से जुड़ रहे हैं।

उन्होंने राजद से आए गौतम यादव का भाजपा में स्वागत करते  हुए कहा कि युवाओं  को आगे बढ़ाने के लिए भाजपा लगातार काम कर रही है। उन्होंने भाजपा की सदस्यता ग्रहण किये लोगों से अपील करते हुए कहा कि वे भाजपा की नीतियों को लेकर घर -घर तक जाएं।

इस मौके पर भाजपा की सदस्यता ग्रहण किये गौतम यादव ने कहा कि भाजपा की नीतियों से आकर्षित होकर उन्होंने आज भाजपा की सदस्यता ग्रहण की है। उन्होंने आशा व्यक्त करते हुए कहा यहां बहुत कुछ सीखने को मिलेगा। उन्होंने कहा कि आज वे गौरवान्वित महसूस कर रहे हैं कि वे भाजपा के सदस्य हैं। वे किसी पद की लालच में नहीं बल्कि लोगों की सेवा के लिए यहां आए हैं।

इस मौके पर मोर्चा के उपाध्यक्ष जे पी चंद्रवंशी, पन्ना लाल साह, महामंत्री साहेब कुमार साह, मंत्री शिव शंकर प्रसाद, कार्यालय प्रभारी राम बाबू साह, कार्यालय मंत्री विकास शर्मा, मुन्ना लाल कुशवाहा, भूपेंद्र यादव , धर्मिता सिन्हा सहित कार्यसमिति के सदस्य उपस्थित रहे।

राजद नेता गौतम यादव सैंकड़ों समर्थकों के साथ भाजपा में शामिल, ओबीसी मोर्चा के प्रदेश अध्यक्ष बलराम मंडल ने दिलाई सदस्यता

Sunita Shivdas Baba alias Arpita is a businesswoman. She was born in Nandurbar Maharashtra and she also did her education from there. Recently she has been honored with the India International Influencer Award 2024 by Mannara Chopra in Bangkok.

She has received the Business Women Award. Currently Sunita (Arpita) lives in Ahmedabad and manages her business. She has ‘Shear and Hew ‘ Salon and Spa. She manufactures various types of spices in Maharashtra under the name Tulja Aai. She works in real estate and finance in Ahmedabad. She also works as an associate with many companies.

Sunita alias Arpita says that if you keep a definite purpose for yourself, then you can do your work easily. Arpita started with a small business, today she handles many businesses. She started this work on her own and today her business is moving forward.

Sunita says that every woman should be self-reliant and should set limits on her work. If you are dependent on family or anyone for financial support and for some reason this support is taken away from you, then it is important for you to be capable and alert for such situations. If you are also working with the family, then this will make your family financially stronger.

No person lacks skills, you just have to recognize them. No work is small, so if you want, start with a small business and keep your dreams big. Sunita (Arpita) is also very active on the digital platform. She is a hardworking, intelligent and self-respecting woman.

Sunita Shivdas Baba Alias Arpita Manufactures Various Types Of Spices In Maharashtra Under The Name TULJA AAI Along With SHEAR AND HEW  Salon And Spa

Multi-Talented Para-Athlete Sandeep Singh Negi Clinches Gold In National Taekwondo Championship

Delhi’s Sandeep Singh Negi, a paragon of versatility and determination, has added another feather to his cap by clinching gold at the 7th National Para Taekwondo Championship. This victory is just the latest in a series of remarkable achievements for the multi-faceted athlete and performer.

Negi, who works as a senior manager at Punjab National Bank (PNB), is not just a para-taekwondo champion. He’s also an accomplished track and field athlete, showcasing his prowess in multiple sporting disciplines. But his talents extend far beyond the realm of sports.

A true Renaissance man, Negi has made a name for himself in the world of performing arts and fashion. As a trained performer, he captivates audiences with his artistic expressions. His foray into the fashion industry has seen him grace runways as a model, having been meticulously trained and groomed by International Fashion Show Director Sunman Gowda.

In the digital sphere, Negi has emerged as a prominent para-influencer, using his platform to inspire and advocate for the differently-abled community. His journey from a corporate professional to a national sports champion, and his success in the entertainment industry, serve as a powerful narrative of inclusivity and breaking barriers.

Negi’s taekwondo skills were honed at the Pamma Taekwondo Academy under the guidance of Coach Paramjeet Singh, a 4th Dan Black Belt. This recent gold medal is a testament to Negi’s dedication and the quality of training he received.

As Sandeep Singh Negi continues to excel in multiple fields, he stands as an inspiration to many, proving that with passion and perseverance, one can truly conquer all arenas of life.

“Kicking Down Stereotypes: SANDEEP NEGI’s Triumphant Tale Of Diversity”