A person with stage IV cancer has 19 lakh stuck with EPF. What a pathetic and heartless system have we created? EPF is nothing but a tyranny inflicted on salaried people by babus and politicians. It deserves to be wound up frankly.
How do you deal with Cancer? Financially & emotionally? Naveen Fernandes, public interest director at BASL (RIA regulator) shares his journey through the illness and the steps he's taking as the end approaches. Please bookmark this story by
@sashindnj
.
L&T group facing shortage of 45,000 labourers engineers.
“The prospect of higher earnings is leading Indians to go to hostile places like Russia-Ukraine or Israel in search of opportunities.
Indian labourers and engineers are ready to go to war zones for higher pay. Indian
Western political and corporate leaders know that gassing up India and Modi is low cost effort to gain goodwill and PR. Without committing much in the way of actual investments or tech transfer. The only hard part is keeping a straight face.
#WATCH
| Congress MP Jairam Ramesh says, "From the past 1.5 years, the Congress party has been demanding that it is necessary to hold a caste census so that social justice can be provided to the deprived sections of society...The second demand is that the Parliament should pass a
Jay Shah deserves some credit. People will laugh but he bet the house on Rohit as captain, got Dravid to stay on as coach till WC. When everyone said junk the seniors and select the kids, he and selectors stuck to their plans. Correct call as it turned out.
What’s staggering is the low IQ and lack of financial literacy among the privileged crowd in India that wants to opine on any and every subject under the sun.
This is such a staggering statistic - in a county of 1.4 billion people, 10% of the wealth belongs to ONE single family? And much of their wealth comes from natural resources?
Even the most rigid capitalist must see the need for redistribution here.
Houthis should be afraid now. By now it’s proven that Iran is not going to provide any help. Khamenei’s twitter account is nothing but variant of IT cell warriors who keep hoping ‘ab hoga tandav’.
India is all set to get its first national security semiconductor fabrication plant that will supply chips to the US armed forces, its allied militaries, and Indian defence forces, reports
@prashantktm
All small countries neighbouring India are suffering from external funding crises and deeper structural issues. India’s problems are internal (fiscal deficit & inflation) but there’s no ext funding crisis given diversified export basket, large forex reserves & low ext debt.
Has anyone seen an article about the possibility that South Asia is experiencing a systemic region-wide crisis similar to the one that hit Southeast Asia in 1997? Because if not, I am happy to write an article exploring that scary possibility.
RBI has been reading
@ChinmayTumbe
👏🏻👏🏻. I hope India’s experiences ar the time of Spanish flu finds space in school history curriculum. Need more such people centric history.
Funny the article mentions that India designated Nijjar as a terrorist. Headline says separatist. Tweet link says activist. Have some editorial std and stick to it. One thing that’s clear from story is why there was delay between the killing and Canadian govt going public.
New: Weeks ago, Canada began pushing its closest allies, the Five Eyes, to make a joint statement about Nijjar's killing, possibly at the G20. Countries including the US deferred, fearing angering India and spoiling its coming-out party
w
@karishma__m__
Feels like if govt cuts down no of attempts permissible for UPSC, NEET and other exams it will save lot of money for parents as well as lives & mental health of kids. Only the coaching mafia will lose out.
@shrikanth_krish
Yes the part about mangal sutra, gold and land being confiscated was a clever and homespun example that conveys the dangers of RG’s rhetoric. The part about Muslims/MMS comments was an exaggeration and tacked on to inflame the passions. He knew what he was doing.
It won’t change unless the selection process changes. My solution is to implement Agnipath type scheme for IAS/IPS. Just double/treble the intake by simplifying the exam with moderate cutoffs. But these recruits will be hired on a 5 year contract w/o pension or pay comm scales.
Many Indians still don't get it
Use your hard work and ingenuity to produce goods and services for the country. Don't use all that energy to crack a silly exam.
It's a sad commentary on our dysfunctional culture, on our economy, on lack of opportunities for our youth
Aftermath of Modi’s US visit 1. A BJP CM and an ex MP tweet like your average IT cell bigoted trolls 2. Left tries to prove that Mughals & Delhi Sultanate just wandered over from Outer Delhi 3. A Pakistani American journo shares Indian cricket jersey pics to prove god knows what
Amazing. Here’s me struggling to finish Empire pod on the American revolution/empire before I get to Golden Road. Meanwhile William Dalrymple does the Empire podcasts, finishes a book, does promotion for the book and jets around for literary festivals. My image of how he works
It's publication day and the first Indian review is in, from the wonderful Mukund Padmanabhan
@muk22
@the_hindu
"A powerful and sweeping account of a land that was once an economic powerhouse, a civilisational cradle and an exporter of merchandise and ideas – philosophical,
@RishiJoeSanu
None of whom are coming to Chennai. So it’s not needed. But in case there’s need for land I would first relocate all state and central govt offices including legislature, courts and army installations away from the city. Let them move to a satellite city.
Double Gold for India at the Chess Olympiad! 🏆
Incredibly proud of our champions – Divya Deshmukh, R Vaishali, D Harika, Tania Sachdev, Vantika Agrawal, their Captain Abhijit Kunte and their teams. Heartfelt congratulations to each of you.
Your brilliance, teamwork, and
India has an expansive affirmative action program via legally mandated reservations in all govt & many pvt colleges. But still this joker is asking for quotas in one of the few remaining autonomous univs. This entitlement is what is causing backlash against social justice causes.
This is not the lesson to draw from history. USSR didn’t help India during the war with China in ‘61. Russia will side with China if another war with India breaks out. They will stop supply of arms to India. So yeah it is naive to think Russia will be a dependable ally.
This historical episode, and India's other wars against Pakistan, are an important reason why India still considers Russia an ally to this day.
The USSR helped India in the Cold War, while the U.S. sided with Pakistan.
Bihar, Bengal, Odisha and MP (Chg) have a greater claim that their resources were diverted for other states. UP had no such resources or bad treatment to speak of. UP has always been the favoured state of all govts becos of no of seats & many PM candidates being from that state.
Uttar Pradesh was once India's most industrialized state, but unfavorable central policies favoring South India led to its decline
Local politicians worsened the situation through
◼️Language conflicts(Hindi vs English)
◼️Local vs. Businessman tensions
◼️Caste/Religion Politics
when Lee Kuan Yew left office in 1990 he left behind 100 sealed envelopes containing policies to ensure prosperity for the next 100 years, and instructed each successive PM to open one envelope on every new year's eve. Hot Whiteboard Eraser Assistants was the policy for 2024.
That’s because the states with low wages where Rs 300 shirts can be made are more interested in semi fabs, white elephant infra projects and tourism. Rather than deploy resources to lure light mfg.
90% of Indian's can't afford a ₹3,000 shirt, can only afford ₹300.
Ironically, India manufactures ₹3,000 shirts and imports ₹300 shirts from Bangladesh & Vietnam.
🎯Here is a practical 'Make-In-India' solution to empower Indians
Rathin Roy
Ex PM’s Economic Advisory Council
This is absolutely amazing for how bills will be passed in Lok Sabha. There's going to be no party with clear majority. All bills will have to be discussed and deliberated on. As they should.
Commies crying means TN govt is doing a good job. DMK should kick out CPM and CITU from the state. ‘Labour rights’ isn’t the problem. Commie participation is the problem.
The samsung protest is the utter failure of DMK government.Tamilnadu labour department doesnt have spine to talk with Samsung management and convince samsung to follow constitutional provisions of the country.Instead labour department is trying to drag the issue by not
Absolute 🐐 mentality. He’s India’s greatest sportsperson in my books. Neeraj Chopra, Dhyan Chand and Viswanathan Anand are the top 3. Elite talents and personalities who kicked open the doors for others to follow.
Neeraj Chopra- I want to thank the people of India for staying up late. This medal is for all of India. I'm Olympic champion now I'm world champion. Keep working hard in different fields. We have to make a name in the world.
OBC/BC is a made up category. There are a bunch of castes other than SC/ST who are socially & educationally backward due to starting conditions but no way these castes add up to 40-50% of all India pop or 60%+ of TN pop. Getting certified as OBC is more a sign of political power.
Same can be said for most OBC groups. The whole category exists to placate large and powerful voting blocs looool.
Mudi ji is also an OBC, in fact I think Ambani is also OBC as he belongs to Modh caste also under OBC.
OBChads played their cards well.
Horrible. Bengal is extreme version of what’s wrong in this country. Political power retained and enforced through lumpen mobs. Street power is always central to Indian politics but Bengal has institutionalised it. And covered it up with veneer of bhadralok sophistication.
Bhavesh is doing low level grifting to cover up his sub par products. Vembu sir shouldn’t give oxygen to that charlatan. Indian founders should make quality products and services instead of piggybacking on pop nationalism.
I agree with Bhavish. We in India have to strongly resist this woke imperialism - it is best understood as a fanatical religious doctrine that masquerades as a socio-political movement.
In 2014 I asked the Qatari embassy in DC in a face to face meeting to mediate the release of the Yazidi captives with ISIS. They paid no attention to the matter & the person I met was on his phone about a half of the meeting. I forget who he was I thought he was the ambassador or
If you design a tax system with the premise that everyone is a tax evader and cheat unless proven otherwise then this is what happens. Incentivises rent seeking behaviour by babus. That this kind of attitude prevails despite record IT collections tells the tale.
My
#IT
officer (
#IAS
) is sitting on my file and refusing to process my IT refund even after we won our case in the Tribunal ! She hasn't explicitly asked for a bribe , but there seems to be nothing I can do to get her to do her job for which the Govt pays her a fat salary !
VIDEO | "Although they didn't give me the Gold medal, people here have given me that. The love and the respect that I have received is more than 1,000 Gold medals," says wrestler Vinesh Phogat (
@Phogat_Vinesh
) in Haryana's Badli.
#ParisOlympics2024
(Full video available on PTI
Bingo. Pelosi delivered Obamacare and saved Obama’s Presidency. She saw off Squad’s rebellion. She piloted Biden’s legislative agenda and is now saving his legacy from going up in ashes. She seems to be an ace trader in stock markets. Plus she infuriates Trump. Based grandmother.
You would think the 5th largest economy and soon to be ‘$ 5 trillion’ economy would invest more in economic data collection, analysis and dissemination. What with digital this and digital that chest thumping. At least generate monthly spending & jobs metrics from formal sector.
Is the job of the FM to announce GST rate on snacks? Let GST Council take these decisions but they can be part of the press release. What the FM should be talking about is the view of GST Council on simplifying slabs. I haven’t seen any news on that.
🔹
#GST
rate on cancer drugs reduced from 12% to 5%; aimed at reducing the overall cost of cancer treatment
🔹GST rate reduced prospectively from 18 to 12% for namkeens and savoury items
-Union Finance Minister
@nsitharaman
The most harmful political slogan in Indian history is Jai Jawan Jai Kisan. Although the proximate context of 1965 justified that rallying cry, it has come to encapsulate the sense of entitlement and lack of accountability of some among these groups.
This is India where avg monthly salary is 50k per month. People waiting in line early morning to buy a phone that cost 80k - 1.8lac. What access to credit card and loan can do to a country.
Why are political commentators on this site so naive? This will never happen, as in Ambedkarites and Mandal parties will never accept such an outcome. They aren’t interested in economic arguments. They want to remove creamy layer and increase the ceiling on reservation.
The caste census should include
- caste
- educational attainment of the recent 3 generations
- land owndership/wealth
- household income
- representation of the community in state and central govt jobs
An appropriate weighting system should be used to derive a
Pretty sure BJP wouldn’t have attacked on ethnic lines if it had been someone from Hindi states or Guj/Mah who was vying in place of Pandian. But this seems the biggest stumbling block for him. The other attack that he’s backroom operator is BS. When he has been in public gaze.
“Can an Odia become chief minister of Bengal or Tamil Nadu?”
@ShoaibDaniyal
reports from Odisha where Pandian's ethnicity seems to be causing more political trouble for the BJD than the undemocratic nature of his power.
Irrespective of the fact that liquidity is in surplus, risk pricing of loans has to be done diligently by banks, says RBI governor Shaktikanta Das.
For the latest business and finance news updates visit:
This is so real. Finance minister is asked to comment on the nitty gritty of capital gains taxation while Finance Secy is asked about strategies to revive investment and support consumption. It’s as if the media also knows who’s in charge. Bizarre.
Keep aside for a moment the part about democratic backsliding becos Ban democracy itself is a new construct. But the econ and HDI improvements in Ban since 2000 were nothing short of a mini miracle. And no amount of revisionism or snark by some Indians can obscure that fact.
Sheikh Hasina's long tenure as Prime Minister of Bangladesh has driven economic growth & infrastructure improvements, surpassing India in GDP per capita & HDI.
But it has also led to a significant decline in civil liberties, political rights & democratic backsliding.
.
Lebanon is in fact an example of Consociationalism, a form of govt that Jinnah wanted as price of United India. Giving minority groups a veto on decision making is a key feature of such an arrangement.
See fate of Lebanon, all Indian ethnic and regional separatists.
Be happy you are under protection of Indian state. Else you'll be bombed freely by neighboring countries.
This veg-non veg fracas is curious case where the left/Ambedkarite types don’t practice what they profess to follow. Why should an egalitarian & progressive movement harass a minority group instead of accommodating them? Since by all accounts vegetarians are a minority in India.
If there are 6 vegetarian tables in a canteen out of 129 (rest are all to be used for non-vegetarian food) and the ‘protest’ is against these 6 tables, who, then, is being tolerant? Ask yourself who are the real intolerant idiots in this case.
Much as I want to enjoy this lafda have to point out that low inflation is a result of this govt’s lousy efforts at boosting growth. By suppressing consumption in favour of capex, BJP’s fiscal stance is anti inflationary. It leads to weak consumption growth and high inequality.
Modi bhakts have deluded themselves into believing that low inflation post-2013 is a vishwaguru masterstroke. Poor Raghuram Rajan, he should have just cut rates like Jaitley was forcing him to do.
TN Govt to launch a new technical textile course in polytechnic & Industrial Training Institutes (ITIs) across the state in a bid to introduce scientific technique in textile production…
#TN
#Textiles
@shrikanth_krish
My theory is RaGa being he clown he is, no one took his rhetoric seriously. But the Cong manifesto with specific schemes is getting some traction. And Modi decided to discredit the entire document by linking it with RaGa/MMS comments and exaggerating for good effect.
Thinking about social media drama over last few days. Many Indians used to gripe that cricketers don’t take a stand on issues of public interest. Now that some of them took a stand many are again upset. Be careful what you wish for and don’t judge others acting in their interest.
@AshwiniVaishnaw
LATERAL ENTRY is a SCAM, We aspirants did struggle for years to become an IAS officer.
And someone who can't even clear a clerk exam, can get a SECRETARY level posts just by clearing an Interview.
This needs to be SCRAPPED ASAP.
As the Jamaat in Kashmir makes a low-profile entry into the political fray before the J&K elections (quite formally now), resharing this Praveen Swami piece on why the govt should be careful:
I've kept a pretty low (online) profile of what I'm building, but word's getting out.
My company Astro Mechanica has invented a new kind of jet engine. Unlike any existing engine, it's efficient at every speed. Because it's efficient at every speed, we can use it in a new way:
In view of events in Bangladesh and Myanmar, we need to immediately place Manipur under President's rule with a strong Governor like Jagmohan. We are already late. Presently, Manipur does not even have a full time Governor.
Govt teachers are a powerful lobby in many states just like govt employees, army veterans & farmers. All rent seeking lobbies. This is why it’s wrong idea to push for more govt involvement in school education. Better to search for alt models like school vouchers or a PPP model.
Good story. One solution is to move Govt stakes in all these cos to a SPV/holdco structure under supervision of disinvestment dept. Sell stakes based on mkt conditions and professional advice. Defang the admin ministries once and for all. Shut down some redundant ministries.
In the process of ranting after Budget that Muthu fellow has given his entire jathagam in X. His voting choices, how many properties he owns etc. Even teenagers don’t reveal so much stuff on social media.
Year 2045:
US Army based in Dhaka & Bengali Islamic militias cut the chickens neck & liberates North East from India
2050:
Riots & Civil war; aided by numerous defectors US army invades & places an 'Economist PM' in Delhi, with a Resident & Cantonments in breakaway provinces
The solution to Hindus/Indian origin people being persecuted in foreign countries is not to airlift them en masse to India. It is to use our diplomatic & military strength to ‘persuade’ those govts to protect their citizens.
For the past week or so, India has become a target of misinformation, contempt and racist jokes on China's internet for its growing role in Apple's manufacturing network. Ahead of the new iPhone release on Friday, some netizens are calling for boycotting India-made iPhone 15s. 1/
Since everyone is commenting on inheritance tax - here is some reading material. Feel free to add to the list.
Warren Buffett, the world’s second richest man, says eliminating the estate tax would be a ‘terrible mistake’
This ‘cartoon’ paints lateral applicants as having had a free ride compared to UPSCjeets 🙄 Also reservation portrayed as a hurdle means the guy running is a GC candidate? So this cartoon is about poor GC babu who is tired of competing?
Irish who have historically been an emigrant population to escape famine and repression should have more empathy with people who are emigrating for economic reasons.
As long as Indians realise that Great Leap Forward and Cultural Revolution were utter disasters and epic human tragedies we will be fine. Deng liberated the Chinese and CCP from becoming yet another failed communist project. Anyone who elides this and praises Mao is a charlatan.
A lot of privileged Indians look at China and say they want a state & society like theirs.
Wonder how many would be willing to go through the radical re-structuring of the entire society during Great Leap Forward & the Cultural Revolution that levelled off feudal distinctions
I had to check on this since too many people keep repeating this ‘data’. Rajan joined as RBI Gov in middle of FY14 and left in middle of FY17. Every year he oversaw an increase in GDP growth! Clearly economy wasn’t tanking under his watch.
#India
is unique:
@RBI
Governors Raghu Ram Rajan & Urjit Patel produced the highest real rate in world & wondered why economy is tanking! Only a handful of us pointed this out repeatedly and asked for monetary policy easing, including monetary supply base (in my case).
Superb interview in which
@dugalira
gets Kerala FM to explain GST compensation issues in detail. By the simple tactic of allowing him to speak (other anchors take note). A few interesting takeaways for me.
Thomas Isaac on the delays in compensation cess and what it is doing to states.
Says the mechanism for any shortfalls in compensation cess is borrowings, which then adjusted repaid from future collections.
(Ps: This is one part of a soon-to-come wider chat on state finances)
Two things to note. One is that US financial power far outstrips its economic heft and may remain so for long. Two the US/European alliance is not just about common interests. It’s a quasi ethnic alliance and so will always be more cohesive than other alliances of convenience.
The article makes the error of assuming RBI wants lower yields. It’s likely RBI only wants stable yields. That’s why OMO/OT is being calibrated. This is an ad hoc form of yield curve control. From the actions one can surmise that RBI will do what it takes to peg 10Y around 6%.
Is the RBI making the good 'ol 'baby steps' mistake in announcing OMOs/OTs?
It might be. But equally with the outsized uncertainty, they may have no option.
Good read👇
Apple's ecosystem in India is expected to spawn as many as 600,000 jobs by this fiscal-end, reflecting the runaway expansion in operations of the iPhonemaker in the country in its efforts to diversify production from China.
Apple's Indian workforce will comprise 200,000 direct
Keep saying this. A 4 trillion economy has got babus, regulators and even ministers operating with a 1 trillion mindset. So before focusing on policy steps what’s needed is a mindset change and upgraded design of governance & policy making.
Should policymakers now take some well-calculated risks that may be necessary to sustain growth at 3-4x what currently developed nations managed?
My article in Business Today:
Just thought of doing a random comparison, of a top rated Chinese University (Tsinghua) and top rated Indian University (IISc).
I am not picking on any institution, but trying to make a comparison. Generally, the top performing institutions are the best funded ones. At least
@gunnerblog
One of the stupidest narratives during the Emery reign was that Arsenal unearthed a gem in Guendouzi. He’s mediocre and shouldn’t be starting.
@dugalira
250 bn loss estimate for a month seems to be just 3 trillion divided by 12. Really would have expected some more finesse. Economy didn’t stop functioning completely during lockdown.