“West Bengal has been on a decline ever since 1963, when Chief Minister of the state Bidhan Chandra Roy passed away. He reinforced the foundations of the state after partition of 1947, got the Durgapur & Alloy Steel Plant, Chittaranjan Locomotives, India’s 1st satellite town in Kalyani, Digha Beach Resort, expanded the engineering industries, set up engineering, technology, medical, management, and other institutes.

Calcutta and Jadavpur used to be the prime universities in India those days. West Bengal had the IIM, IIT, Indian Statistical Institute, the Operations Research School, Bengal Engineering College, besides, of course, Presidency College, SXC, Scottish Church and many other venerable institutes.

It was the HQ of Birla, JK, Bangur, and Thapar and Tata. The grand Tata Centre was built for that purpose. This was the vision of TATA’S. Most of their investment was in Jamshedpur. Most foreign companies had their India HQs in Calcutta. This was the reason Calcutta has best of the Clubs in the country. It had the highest number of International flights, Bombay used to serve mainly Aden, Muscat, and East Africa.

And then ‘Ashok Kumar Nite’ happened in February 1968. Women were dragged out and their naked dead raped bodies were found in and around the lake over the next two days. The CPM leaders (Jyoti Basu & Co) called it “the rise of the proletariat against the bourgeoisie” and justified it.

Calcutta started emptying. Soon after, Aditya Birla was dragged out of his car between GPO & RBI, opposite Writers Building, thrashed, clothes torn, stripped down to his undergarments and made to walk like that to his office at 15 India Exchange Place. With a crowd roaring in laughter and jeering, he went home and took a flight to Bombay, never to return. He took all his money and offices out of Bengal. Today they are one of the top industrial houses in the country.

So did JK, so did Thapar, within a month. So did most entrepreneurs, so did most MNCs. Latest example was ousting of Tata Nano. Those were ‘Mass Exodus’ of money and employment from the state. Today no Industrial house plans to start any project in the state. That, this being the dream that the Communists wanted, and there is no change by the present government too.

Communists in West Bengal started their political power capturing from ‘Ashok Kumar Nite’ in 1968 and went through ‘Sain Bari killings’ in 1970, ‘Marichjhapi massacre’ in 1979, ‘Bijon Setu massacre’ of 1982 to ‘Bantala gang rape’ of 1990, ‘Nanoor massacre’ of 2000 and ‘Nandigram massacre’ of 2007 by the Communists.

The Communists destroyed the work culture and closed down thousands of factories in West Bengal in the name of violent Trade Union and Co-ordination Committee of Govt and semi-govt employees. The state has been infected with culture of ‘Cut Money’, ‘Syndicate raaj’, Para-teachers, Civic Volunteers and migration of lakhs of labourers to other states, started during the LF regime and still continuing as the Work Culture cannot be changed overnight.

Those educated ones, who could not cope up with destruction of West Bengal migrated out to other parts of India; to other countries.

One finds so many teachers, scientists, researchers, doctors, economists, artists, from West Bengal in the US, UK, France, Germany, Benelux, Scandinavia, but none worth the name here in Bengal. It was a ‘Mass Exodus’ of brains.

The people of West Bengal have been strangely watching this downhill journey of the state for five decades and will do so unfortunately for another five decades.

PS: Number of beggars per hundred thousand population is highest (89) in West Bengal at present. This is the bottom line.

THE PRESENT GENERATION IS UNAWARE OF THE REASONS FOR THE FALL OF GOLDEN BENGAL.

This piece of History is kept away from them by the perpetrators to achieve their mean goal.

Horrifying to know how the once most forward and prosperous state of India has been destroyed and pushed back by the Leftists , Communists , and now TMC continuing their mission as most of the so called tulabaaji comrades shifted alliance from Left to TMC

আমরা কি আবার সেই সোনার বাংলা দেখতে পাবো আমাদের জীবনে …

The rupee closed at 83.4250 against the dollar, slightly higher than the record low of 83.43 earlier in the day.

In Short
Indian rupee hits all-time low against US dollar
Shortage of dollar inflow and Chinese yuan’s drop pressured rupee
Closed at 83.4250, marking biggest weekly drop in 7 months
The Indian rupee hit an all-time low against the US dollar on Friday due to a drop in offshore Chinese yuan and aggressive local dollar demand during the end of the session, reported Reuters quoting traders.

The rupee closed at 83.4250 against the dollar, slightly higher than the record low of 83.43 earlier in the day.

For the week, the rupee fell by about 0.7%, its biggest weekly drop in seven months.

Traders mentioned that there wasn’t enough dollar inflow into the market and the Chinese yuan’s drop, along with dollar strength, put pressure on the rupee.

Additionally, there was a shortage of dollars in the market, which led to the rupee losing value.

Although the Reserve Bank of India sold some dollars earlier in the day, it didn’t intervene towards the end.

The dollar index, which measures the dollar’s value against other currencies, rose by 0.4%. Asian currencies, including the Korean won and the offshore Chinese yuan, also declined.

Experts say that the coming days will be crucial for the rupee. If it continues to stay close to its record low, the outlook for the rupee could turn negative.

For information only

◆ The Congress has looted Rs 48,20,69,00,00,000 (nearly Rs 5 trillion) from the public in 70 years of its rule.
◆ That money could have been utilised for so many useful areas of security and development.
◆ Using this much amount, 24 INS Vikrant, 300 Rafale jets, and 1,000 Mangal Missions could have been made or purchased. But the country has to bear the cost of Congress’ corruption, and it lagged behind in the race of progress.
◆ Keeping the whole 70 years aside, if we only look at the last tenure of 2004-14, it was a ‘Lost Decade.
◆ This was only the “trailer” of Congress’s corruption, the “movie” is still not over.

In a significant blow to Congress, the Income Tax Department has issued a notice of around Rs 1,700 crore to the party, compounding its financial concerns ahead of the 2024 Lok Sabha elections.

■ This development comes following the Delhi High Court’s dismissal of the party’s petition contesting reassessment proceedings for four assessment years.
■ The fresh demand covers assessment years 2017-18 to 2020-21 and includes penalties and interest.
■ The Congress is currently awaiting the reassessment of its income for three additional assessment years, with the deadline set for Sunday.
■ The tax department has already recovered Rs 135 crore from Congress bank accounts in Delhi, pertaining to tax arrears and interests for the assessment year 2018-19. This action was taken after the party was denied exemption due to failure to meet prescribed conditions.
■ On Thursday, the Delhi High Court dismissed Congress’s petitions contesting the income tax reassessment proceedings for the financial years 2017-18 to 2020-21.
■ The court indicated that both Congress and the Income Tax Department were in agreement regarding the conclusion of the challenge presented in these petitions, aligning with the court’s previous decision on the party’s challenge to reassessment proceedings for the years 2014-2017.
■ The court on March 22 had rejected Congress’s pleas contesting tax reassessment proceedings for the assessment years 2014-15, 2015-16, and 2016-17.

However, it left open the question of whether the asserted delay in commencing proceedings would have a detrimental impact on the assessment itself, to be addressed at a later stage.

Why is it necessary to cross 400 this time

Total members in Lok Sabha 543

Total members in Rajya Sabha 238

2/3 majority is formed on 521

NDA has 117 members in Rajya Sabha

521-117=404

That’s why I say this time give 407 seats to Modi ji

What will be special in MODI 3.0 2024:

407 seats are required in Lok Sabha to abolish Waqf Board (this is more dangerous than Article 370 of Kashmir)

If Modi has 407 seats in the Lok Sabha, then 10 crore Bangladeshi infiltrators will be driven away by implementing CAA_NRC law

If Modi has 407 seats in Lok Sabha then Minority Commission will end

If Modi has 407 seats in the Lok Sabha, then the place of worship law will end_(Thousands of Hindu temples will be returned / which were given as mosques)

If Modi has 407 seats in the Lok Sabha, then terrorism factory madrasas will be banned and a uniform education law will be made

If Modi has 407 seats in the Lok Sabha, then the 600 minority ministries run by the Central and 29 state governments, which have been running continuously for 77 years, will end.

If Modi has 407 seats in the Lok Sabha, then a law of 2 children will be made for everyone_(Population Control Law)

If Modi has 407 seats in the Lok Sabha, then UCC_(Uniform Civil Law) will be implemented in entire India / due to which 4-4 Nikah and 3 Talaq will be banned

If Modi has 407 seats in the Lok Sabha, then there will be a provision of 10 years of imprisonment by confiscating 100% of the property of stone pelters and rioters

If Modi will have 407 seats in the Lok Sabha, then investment in IT, Manufacturing, AI, Agriculture and Infrastructure will be increased 100% to make India the third largest power (economy) of the world

So friends, try hard with all your might, friends, this time BJP will cross 400, if we say unequivocally then 407 seats

This change is very necessary in the interest of the country

How to do business like Baniya:

Calling a guest for a lunch/dinner, an informal meet still is one of the best ways to talk business. Just call everyone up, it looks like great hospitality and get business done.

~38 million weddings happened in 2023 in a period of 25 days. The very fact that all the major news houses are posting this as the main news for the day should be taken with a pinch of salt.

Why all the noise around the Ambani wedding?

1. The presence of the global tycoons has surely put “Jamnagar” on trending but it can be called strategic.
2. Like Jio in 2016, Reliance is about to roll out “Hanooman” an AI model around March.
3. Jio Brain is an AI platform that uses machine learning and offers services like image, text and video generation across a network of about 450 million subscribers.

What better publicity than the wedding and the guest !?

To top it all, all these vvip whose 5minutes are more important than someone’s entire day, why are they attending!?

Business ki baat hai mota Bhai:

1: Bill Gates: Jio and Microsoft are partnering to launch a global cloud center.

2. Mark Zuckerberg: has less to do with weddings and more for the global foray in the business.
3. Sundar Pichai: If you remember, Google holds 7.73% in Jio platforms along with Meta
4. Bob Iger : Disney’s Star India is merging with Viacom.Reliance is investing $1.4 billion in the venture controlled by RIL and owned 16.34 per cent by RIL, 46.82 per cent by Viacom18, and 36.84 per cent by Disney Star
5. Saudi Aramco’s chairman Yasir Al Rumayyan: The $15 billion deal between Saudi Aramco and Reliance was called off in 2022 due to differences in valuation.But who said things cannot start again!?

• aramco is seeking refining and chemical deals in Asia to rapidly expand the business and secure long-term buyers for its crude and well Reliance has a strong foothold there.

2. Shantanu Narayan: Should not come as a surprise if Jio Brain partners with Adobe !
3. Ivanka Trump: US presidential elections are all set to happen in 2024.Ivanka being the daughter of Donald Trump only makes sense strategically!
4. Celebrities: Mind you, Reliance has a big presence in retail and nothing works better in India than Bollywood and cricket!

Ambani’s don’t do anything without a reason.

• Based on Information available in SM

The old liquor policy of Delhi.

750ML Wholesale Price ₹166.73
Excise Duty ₹223.88
VAT ₹106.00
Retailer commission ₹33.39
MRP ₹530.00

New liquor policy of Kejriwal implemented in March 2022.

750ML Wholesale Price ₹188.41
Excise Duty ₹1.88
VAT 1% ₹1.90
Retailer Margin ₹363.27
Additional excise ₹4.54
MRP ₹560.00

Thus, in the old liquor policy, the government’s earnings on a bottle was ₹329.89 while in the new liquor policy it is only ₹8.32. That is, a loss to the government of ₹321.57 per bottle from the new policy.

In the old policy, the retailer’s commission was ₹33.39 whereas in the new policy the retailer’s commission was ₹363.27 for a few months , i.e. profit to the retailer of ₹330.12 per bottle.

Thus, it is clear that the retailer benefits almost as much as the government suffers per bottle.

Now how did this benefit reach the manufacturer in the new policy? The manufacturers were allowed to open retail shops (which was illegal as per the rules).

Now look at the sales figures. In the old policy where the sale of liquor was 132 lakh liters per month, in the new policy, the sale of liquor per month is 245 lakh liters. To achieve this, the drinking age has been reduced to 18 years and the liquor sale time has been increased till 3 AM. Dry days have been reduced from 31 to only 3 days so that alcohol consumption is maximised.

Now you must have understood how huge a scam this is and how much money the Susu-Keju Caucus has earned, due to which the Chief Secretary had to ask the LG for a CBI investigation.

This is the condition of the AAP party which came to power with a thumping majority, claiming to eradicate corruption from politics.

We can also arrange Invoice Discounting, Supply Chain Finance etc.

Revenue-based financing is a way that firms can raise capital by pledging a percentage of future revenues in exchange for money invested. A portion of revenues will be paid to investors at a pre-established percentage until a certain multiple of the original investment has been repaid. There is no Equity dilutions.

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CAA
Rera Act
Ram Mandir
4 Cr Homes
10 Cr Toilets
Stable Govt
370 Removal
Low Inflation
Terrorism Drop
25 new AIIMS
80 new Airports
Transgenders Act
2.8 lakh Km Roads
Weaponry for forces
New Education Policy
9 New IITs ,IIMs, IITs
Reduced corporate tax
PM Kisan for all farmers
2nd largest solar power
2nd largest steel producer
2nd largest mobile manufacturer
3rd largest automotive market
Fugitive Economic Offender Act
Converting post offices into Banks
Reduction in Bank Non-Performing assets
Clearing 2 Lakh crore fuel debt by Congress
World’s largest healthcare – Ayushman Bharat
5th Largest economy from the previous 11th
16 crore households getting tap water connection

Brajesh Kumar Singh is new Executive Director, Indian Bank : Public sector Indian Bank on Sunday said the Central government has appointed Brajesh Kumar Singh as its Executive Director for three years. Prior to taking up the new responsibility, Singh was serving Bank of Baroda as its Chief General Manager – Human Resources. “…the Central Government vide Notification No 4/1(viii) dated March 9, 2024, appointed Brajesh Kumar Singh, Chief General Manager, Bank of Baroda as Executive Director of Indian Bank for a period of three years, with effect the date of assumption of office on or after March 10, or until further orders, whichever is earlier,” Indian Bank said in a BSE filing on Sunday. Singh, an agriculture graduate from Allahabad Agriculture Institute, has banking experience of over 28 years and has held various responsibilities in the Bank of Baroda including Credit Officer, Branch Head, and Regional Head. He has steered Retail Assets and Human Resource Management with his rich expertise at the Corporate Office. Singh has also served the Board of Bank of Baroda, Uttar Pradesh Gramin Bank as Director, the bank said. – moneycontrol.

RBI decision on IDBI Bank bidders soon : The Reserve Bank of India’s (RBI’s) much-awaited decision on the fit-and-proper profiles of the bidders for IDBI Bank will likely be conveyed this month to the government, a source privy to the matter said. This would pave the way for the first strategic disinvestment of a bank, with a significant government holding, immediately after a new government assumes office after the April-May general elections. The sale of IDBI Bank, formerly a public sector bank, is seen as a test case for the new public sector enterprises policy, which aims to minimise government’s presence in businesses, including banking, as the Centre feels private sector is best suited to scale up businesses, with skin in the game. Recent laudatory comments on public sector undertakings by Prime Minister Narendra Modi have strengthened the perception that the government may be rethinking its policy with regard to these firms. – financial express

AU Small Finance Bank aims to become universal bank in 3-5 years : AU Small Finance Bank, which received RBI’s approval to merge Fincare Small Finance Bank with itself last week, aims to become a universal bank or full-scale bank in the next 3-5 years. “This year we want to stabilise the merger first and really want to showcase to the world that the team can manage complex issues of merger in terms of technology integration, people management, product availability, customer service and offerings,” AU Small Finance Bank MD and CEO Sanjay Agarwal said. Although the Fincare branches would become outlets of AU Small Finance Bank from April 1, the entire integration process would take 9-12 months, he said. “The way we have grown ourselves in the last 28 years, the ultimate destination is universal (banking licence). We are not in a hurry… of course, in the next 3-5 years we will become (a universal bank),” he told PTI in an interaction. – economic times.

RBI cracking down on P2P credit card transactions : After barring Visa from undertaking certain commercial business-to-business (B2B) credit card transactions, the Reserve Bank of India is now seen cracking down on peer-to-peer (P2P) credit card payments made via third-party service providers, sources told businessline. This comes after the central bank has found instances of retail customers using credit cards to pay rent and tuition fees through third party apps. These third-party players, usually fintechs, allow customers to make a credit card payment to their authorised merchant account. They then instantaneously transfer the money to the bank account of the recipient (for instance a landlord in case of rent payments) in exchange for a commission.“Credit card transactions are only meant to be between merchants and customers (P2M). If funds are being routed through an escrow account operated by a third party, it is bypassing the regulations and will not be allowed,” a senior official said. – Business Line.

EbixCash up for sale but buyers not in sight : In less than three months of filing for bankruptcy in the US, Ebix is said to have put its Indian operations on the block. The decision to sell EbixCash follows the grime or no prospects left for listing the Indian operations. In December 2022, EbixCash has filed its papers for ₹6,000 crore of initial public offering (IPO). Sources say the IPO plans didn’t glide smoothly even with the market regulator as SEBI had sought for further information on litigations surrounding the company. An updated red herring prospectus hasn’t been filed since.- Business Line.

Jio Payments to disrupt market with entry into soundbox segment : Jio Payments is set to enter what has been the domain of Paytm and PhonePe so far – the soundbox segment. Reckoned as a payments and audio verification device, Jio is all set to venture into the soundbox play across retail merchants. The full-fledged launch is after 8-9 months of rigorous pilot launch of the soundbox across Reliance Retail stores. Initially, the device was tested across retail entities of the Reliance group in tier-2 cities and smaller metros such as Jaipur, Indore, and Lucknow. With this round of testing proving to be successful, Jio’s soundbox entered urban markets; albeit within the group’s retail outlets. – Business Line.

ATM ecosystem players looking to adapt UPI for making cash deposits : If UPI (Unified Payments Interface) can be used for cardless cash withdrawal at an ATM, can it not be adapted for making a cash deposit at a cash recyler machine (CRM)? This may be possible, going by the innovation that players in the ATM ecosystem are working on. Currently, when a customer chooses the ‘UPI cardless cash” withdrawal option on the ATM screen, he will be prompted to enter the amount to be withdrawn. After entering the amount, a single use dynamic QR code is displayed and the customer needs to scan the same using any Bank’s mobile banking app and authorise the transaction with UPI PIN to get cash. – Business Line.

FPIs inject over ₹6,100 crore in equities in March on strong economic growth, market resilience : Foreign Portfolio Investors (FPIs) are turning steady buyers as they bought Indian equities worth ₹6,139 crore so far this month driven by strong economic growth, market resilience and decline in US bond yields. This came following a modest investment of ₹1,539 crore in February and massive outflow of ₹25,743 crore in January, data with the depositories snowed. “FPI inflows have shown a positive trend as compared to the previous month. Thanks to the recent announcement of Q3 GDP numbers at 8.4 per cent, persistence performance of large Indian corporates being major factors for turning the tide green for the Indian equity market,” Manoj Purohit, Partner and leader – FS Tax, Tax and Regulatory Services, BDO India, said. – Business Line.

FPIs quizzed on ‘loans’ for trading : Several foreign portfolio investors (FPIs) have been asked by the Indian tax office on whether they have borrowed money to trade on stock exchanges. It’s unclear why the information was sought, but the Income Tax (I-T) department has directed these offshore funds to disclose the identities of the lenders, the latter’s source of money, and the nature of agreement between the two parties. The move to fish out such information could well be to trace any possible and indirect links between overseas portfolio managers with Indian companies and promoters, feel some of the tax and finance professionals. – economic times.

Mcap of 7 of top-10 most valued firms climbs ₹71,301 crore last week; Bharti Airtel shines : The combined market valuation of seven of the top-10 most valued firms climbed ₹71,301.34 crore in the holiday-shortened last week, with Bharti Airtel emerging as the lead gainer. In a record-breaking rally last week, the BSE benchmark climbed 374.04 points or 0.50 per cent. Stock markets were closed on Friday for Mahashivratri. The 30-share BSE Sensex on Thursday settled at a new closing peak of 74,119.39. The Nifty also ended at a fresh closing high of 22,493.55. – Business Line..

Introduction:
A comment by Thailand’s ambassador to WTO Pimchanok Vonkorpon Pitfield accusing India of using subsidised rice procured for the public distribution system for capturing the export market has created a diplomatic storm with the government lodging a protest against the statement and Indian negotiators refusing to participate in discussions where Thai representatives are present

The Thai ambassador’s statement came during the meeting of the World Trade Organisation (WTO) in Abu Dhabi.

What is the genesis of the spat?

1. Back in 1994, the WTO set up an agreement to lower import taxes and subsidies that affect agriculture.
2. Subsidies can make farming and trade unfair because they might encourage overproduction or lower prices too much.
3. The rules allow developing countries to subsidise up to 10% of their agriculture’s value of production. For developed countries, the cap is 5%.
4. But rich countries have found ways to go much higher than their cap. For instance, a paper by the Centre for WTO Studies estimated that EU was providing 150% of its sugar’s value of production as subsidy, and the US 189% to coffee.
5. The rules favour wealthier nations, giving them more ways to support their farmers and dominate the global market. This makes it harder for poorer countries to compete.
6. For example, India has exceeded the 10% subsidy limit for rice, and others might too. The prices, set in the 1980s as a reference for what counts as a subsidy, are outdated, not accounting for inflation or current market prices.
7. Farms are small in India, which makes government support vital. There is also the need to keep food in stock for the poor during crises like the Covid pandemic or global conflicts.
8. Calculations by Centre for WTO Studies show that per farmer support in India is around $300, whereas in US it is around $80,000. So, an American farmer, with average land holding of 180 hectare, gets 267 times what a tiller gets in India, where average land holding is just above one hectare.
9. To move forward with trade discussions, developed countries agreed to a ‘peace clause’ that prevents disputes over subsidy limits. Since then, India and others have been pushing to find a permanent solution.
10. Rich countries think public stockholding programmes distort trade. They’ve accused developing countries like India of exporting subsidised grains. This is where Thai ambassador’s Wednesday allegation comes in.

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