Currently money is going out of the Indian economy bt the MNCs by utilizing tax

havens. This tax savings of the MNCs is then coming back to India as investment. Along
with this, the MNCs are also expecting tax and other benefits from the government.

Also almost 500b dollars of money is being smuggles by:

1. Underinvoicing of trade in goods

In this context transfer pricing plays an important role i.e. transaction between parent
company and subsidiary company in the form of royalty payments, etc.
Eg. Microsoft has supplied certain softwares to the Indian subsidiary at very high prices.
Microsoft has set up its headquaters in Mauritius/Luxemborg or any other tax haven
which has a double taxation agreement with India. Hence very less money is earned by
the Indian subsidiary, which is taxed by the govt. Majority is taken up by the parent
company set up in the tax haven.

There are two models for taxation:

1. UN model: Taxation will be done at the source where the income has been
generated.
2. OECD model: The residence of the company is the criteria for taxation.

Seed funding
Money from startups is called seed funding.
A domestic investment to a startup is taxed as the income of the startup. Later on when
the company makes a profit, the tax will be applicable on the on the profits made by the
investor as a personal tax

On a foreign investment no tax is applied. The profits that the investor makes in this case
is taxed as a capital investment tax( around 10%), which is much lower than personal
tax(33%)

This discrimination against domestic angel investors need to be changed.

Srilankan Issue
Minority asspectiveness may threaten the republic and majority assecptiveness may lead
to ethinic strife. Hence federal constitution along with reassurances should be given to
minorities.

LPG subsidy in India

Either of the patners(husband or wife) is > 10 lakhs then the subsidy on cylinders is to be
removed. This will be a self verified income, i.e. govt. wont verify it.
India being a very low income tax payments , this should be changed to verification of
assets via. The 2011 census info rather than using a pure income criteria.

Digital transformations and effect on the organizations

Challenges:
1. human resources hiring
2. retraining of HR to changing tech.
3. adaptability of organizations
4. the pace of digital transformation is decreasing the lifecycle of the organization
from 60 to 15 years.

B 52 and B2 bombers are transferred to S.Korea due to the hydrogen bomb test by
N.Korea.

Spiritual Elemental Stage

Vajra Elemental Stage- body fuses with the elemental essence making the physical strength of the cultivator
reach immense heights
Saint Elemental Stage, where the soul of the cultivator is awakened and they are able to use soul attacks
Heavenly Elemental Stage

Calron - mc
Elias martial teacher, prince
Marcus - price
Solin headmaster of the school

Thunder-Bird Physique cultivation technique(rank 5)