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Musk says he will visit India following talk with Modi

"It was an honor to speak with PM Modi. I am looking forward to visiting India later this year!" Musk said in a post on X (formerly Twitter)

Musk-Modi

Elon Musk's statement came a day after a conversation with prime minister Narendra Modi.

TESLA and SpaceX CEO Elon Musk said on Saturday that he is looking forward to visiting India later this year.

His statement came a day after a conversation with prime minister Narendra Modi. The two discussed the potential for collaboration in the fields of technology and innovation.


"It was an honor to speak with PM Modi. I am looking forward to visiting India later this year!" Musk said in a post on X (formerly Twitter)

Musk is currently leading the Department of Government Efficiency (DOGE), which is focused on reducing government spending and the size of the federal workforce. He is also seen as one of the most influential figures in the Donald Trump administration.

Following the conversation on Friday, Modi also posted about the call on X. "Spoke to @elonmusk and talked about various issues, including the topics we covered during our meeting in Washington DC earlier this year. We discussed the immense potential for collaboration in the areas of technology and innovation."

"India remains committed to advancing our partnerships with the US in these domains," he added.

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Rachel Reeves

Under the policy, property owners will face a recurring annual charge additional to existing council tax liability.

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Rachel Reeves announces annual tax on homes worth over £2 million

Highlights

  • New annual surcharge on homes worth over £2 m comes into force in April 2028, rising with inflation.
  • Tax starts at £2,500 for properties valued £2m-£2.5m, reaching £7,500 for homes worth £5m or more.
  • London and South East disproportionately affected, with 82 per cent of recent £2m-plus sales in these regions.
Britain has announced a new annual tax on homes worth more than £2 million, expected to raise £400 million by 2029-30, according to estimates from the Office for Budget Responsibility.

Chancellor Rachel Reeves pointed that the measure would address "a long-standing source of wealth inequality in our country" by targeting "less than the top 1 per cent of properties". The surcharge will come into force in April 2028.

Under the policy, property owners will face a recurring annual charge additional to existing council tax liability. The rate starts at £2,500 for homes valued between £2 m and £2.5 m, rising to £3,500 for properties worth £2.5 m to £3.5 m, £5,000 for £3.5 m to £5 m, and £7,500 for those valued at £5 m or more.

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