India’s wedding industry is booming, with an estimated 40 crore weddings expected in the next 15 years. This makes it the second largest wedding market in the world, after the United States. The industry is expected to grow at a CAGR of 30 percent, and is soon expected to overtake the US wedding industry.
Nikhil Kamath, co-founder of Zerodha, has expressed his support for implementing an inheritance tax in India. In a video that has surfaced, Kamath argues that such a tax would help redistribute wealth and provide the government with resources for necessary reforms. The concept of inheritance tax has been a subject of debate, with some experts opposing it, arguing that it could disincentivize hard work and lead to economic decline.
In a resurfaced video, Zerodha co-founder Nikhil Kamath expressed his support for inheritance tax as a means of wealth redistribution. He argued that a portion of wealth transferred from one generation to another should be redistributed to promote economic equality. The video sparked a controversy after Sam Pitroda, Chairman of the Indian Overseas Congress, also advocated for inheritance tax. Prime Minister Narendra Modi criticized these remarks, accusing the Congress party of intending to seize assets from the people.
Bengaluru, the tech hub of India, is facing a severe water crisis. Zerodha founder Nithin Kamath recently took to social media to highlight the issue, emphasizing the need for sustainable solutions, including wastewater treatment. According to Kamath, Bengaluru generates a significant amount of wastewater, which could be converted into potable water to meet the growing demand. His endorsement of a Bengaluru-based startup focused on STP water conversion has garnered significant attention and sparked discussions about innovative approaches to address the city’s water woes.
