For Whom Wealth Matters
January 25, 2013 Leave a comment
“I am strongly opposed to this idea. There is no point comparing tax rates in India with that of France or other parts of Europe where there is no growth. Tax rates in India are higher as compared to other emerging economies. The Direct Tax Code had proposed the highest tax rate should be 25%. We have all seen how low India’s growth rates were when tax rates were high.”-Adi Godrej
January 25, 2013 Leave a comment
“As long as there is a clear direction and clear reason for doing that, I support raising taxes for super-rich. The government may require more revenues and we have to be seen as lot more inclusive.”-Kris Gopalakrishnan
January 24, 2013 Leave a comment
“In principle,how can you say rich people shouldn’t pay more taxes ? You have to be fair in a country with this kind of poverty.And I think the rich people are bringing it upon them with their conspicuous consumption,which has reached a state of absurdity.” – Azim Premji
January 24, 2013 Leave a comment
As per Bloomberg’s calculation T. S. Kalyanaraman ,Chairman and Managing Director of Kalyan Jewellers, the largest jewellery chain in India, is now a billionaire.This is his response to the news:“I don’t calculate my net worth.I am more keen to trade, develop my brand, but you may be right.”
Here is his story in his own words:
“My family has been in business for the last 110 years. It was my grandfather, T. S. Kalyanaramaiyer who first moved away from priesthood and became a businessman.He moved from Kumbakonam to Thrissur to start a textile mill. I think it was in the 1930s that the mill was taken over by the government and that was when he decided to start a textile shop.Later, my father Seetharamaiyer joined him followed by myself and my four brothers. Now, my sons also have joined the business. Read more of this post
wealthymatters 