BCCI is registered as a "charitable" institution. No income tax. Charity to trustees, some to cricketers. Such a huge money machine is tax exempt! What a wonderful world.
@PMOIndia
@nsitharaman
What’s common???
CEO of Google
CEO of Microsoft
CEO of Adobe
CEO of YouTube
CEO of Mastercard
CEO of Pepsi
CEO of IBM
CEO of Netapp
CEO of Nokia
CEO of Novartis
CEO of Deloitte
Picked up some food at a restaurant. Bill was 510/-. Out of curiosity, checked swiggy. Same thing delivered at home would have been 840/-. Price of convenience....
A thought provoking WhatsApp forward
"NO PARKING ZONE"
Penalty --- Rs 200/-.
(No one cared).
(Changed the board to )
PARKING --- Rs 200/-
(No one parked).
Welcome to India
Dear
@SEBI_India
. Why does an investor have to fill in income details with the broker? I buy shares if I have money. I do not need to have an income. And PAN number is a must. So why do you add this stupid requirement?
HDFC Bank completed 25 years since its IPO in May 1995...Without dividends reinvested the CAGR has been 25% .With dividends reinvested CAGR is 30%.Max Correction been 55% . A 1 cr investment in IPO is worth 800 crs today, an awesome 800 times. (Wise quotes)
Aadhaar linking to voter ID is optional. However, if you do link it, you will get to vote. Now easy to profile you completely, including political preference. Welcome to 1984.
Many years ago, our mother told us to drink milk with turmeric powder. Ugh.. no way.
Now go to Starbucks and have "Golden" Latte, because dieticians say it is good.
Dear
@PMOIndia
. Next five years. Take any ONE tier 2 city. Make it in to a Singapore. Single minded focus. No obstructions, no stay orders. In 50 years, we can have ten world class cities. State governments can also do it.
Rs.65,000 will get you a new iPhone. Or 35 shares of HUL. And some good coffee. After ten years, imagine what the resale values would be(not of the coffee you enjoyed)...
Whatever be the reasons, getting a valuation of $57 billion in this market, for Jio , is an amazing feat. Mukesh Ambani is truly an incredible deal maker.
Five Trillion is a small number for a population like ours. It will happen, sooner or later. The goal should be a per capita that is respectable. Put $10,000 per capita as an aspiration and work to that. Reduce income disparities. That is the challenge
A 2.5 crore investment in1953. Ten percent annual compounding makes it around 2000 cr today. The tax payer will bear a lot of debt because of this investment. What a monumental blunder by a socialist prime minister. Kudos to the present government for letting go.
Simple living. High thinking. Give up wasteful consumption. Think twice before you buy anything. And yes. That mobile phone will last another year. Keep cash. And don't talk back to the boss now. Tough to find new boss. And follow this even after things get better. Retire early
Dear
@RBI
.. my deposit with a bank is a loan to them. You are the gatekeeper. Individuals cannot know beyond that. You give a licence, you are answerable. And the buck stops at the Governor. Why is he quiet?
#PMCBankCrisis
@PMOIndia
I will be happy to vote for a party that gives an inflation linked interest rate on pensioner savings. Say up to a particular limit which takes care of living and healthcare. This kind of slashing interest rates is extremely cruel and is virtually a killer in the truest sense
My daughter tells me- Realise who matter to the world now- Not lawyers, not bankers. It is the food producer, the medical profession, the public transport, the domestic help who comes to the house...
The bhakt says that petrol prices in many countries has risen by a higher percentage than India. They conveniently forget that when prices had fallen across the world , our prices held rock steady.. selective memory
Going by Exit Polls:
1. Congress is kaput. Gandhis can go to Italy or wherever;
2. We are not headed for a hung Parliament. A hung Opposition perhaps.
3. South of India is different.
4. Better get your Aadhaar card before the Thought Police arrest you.
5. Stock market new records
Meet the challenge. Make things as efficiently and cheaply as China. Beat them on price and quality. Work harder than them. Boycott is akin to giving up.
SBI has been a generous lender. Politicians and executives have run riot at that bank. Imagine a NPA number of TWO LAKH CRORE RUPEES!! And no one is accountable from the Bank. Amazing robbery this
Our medical education has become so expensive that people go to Ukraine. At that cost, can we not offer medical education to anyone who wants, without any entrance exam, quotas or reservation?
Sonia Speech on TV- You look at the front row - OMG... No way you guys are going to loot us again. I can live with Modi for another term. Better to wipe out the rogues of INC once and for all
Petrol imports. Blame lies squarely on Sanjay and Rajiv Gandhi. They opened market to firang car companies which created this flood of vehicles. If only Premier and Ambassador were around, we would be seeing not even a lakh cars a year today. We would be walking and cycling.
1. All farmers/bizmen loans to be waived off.
2. PSU Banks to continue to give them money .
3. State/Centre will compensate banks.
4. It is money from the budget that vanishes through this route.
5. Taxpayers are the ones being fooled by the politicians of all parties.
#VoteNOTA
Father set up 3 tea shops in different locations. 3 sons. How to give equal shares without anyone cheating the others? Each son would handle one location for six months. Then shift to another. They keep whatever profits they make to themselves. True story. Absolutely brilliant.
Dear
@SEBI_India
. If you want to know what is wrong with the Mutual Fun Industry, have a look at the Anchor Investors list of Zomato. From 'infra' to "dividend yield' to 'technology' to every 'cap' scheme...
Why did the govt not limit taxfree farm income? Many people 'declare' crores of rupees as agri income and evade taxes?
@arunjaitley
@PMOIndia
Why only the middle class is attacked by you every time?
Reliance Industries Ltd is leading the way in the fight against
#coronavirusinindia
. Whatever they have announced, is on big scale. And they have the execution capabilities. Surely they will inspire more business houses to step in
It would be great if the PM gave a strong welcome to industry wanting to quit China. Take personal control. Make it a mission. The time is now. Don't delegate.
@PMOIndia
HDFC AMC has no authority to gift away shareholders money to the investors in the fund. Recover it from the management team. This is unfair to shareholders of the AMC.
Tax payers just lost 20,000 crores when Alok Industries was sold to Reliance. If we can live with this, what is 20K crores for LIC to 'buy' IDBI Bank? Financial scams are not new to us. IF LIC is the Kamadhenu for the govt, we are the Kamadhenu for the politicians
#LICIDBI
after tax money. I invest, I trade . But then, IF I make money, it is taxed again. And whether I make money or not, form filling keeps growing. Ease of doing things. With so much technology, just hike the STT to 1 percent and be done with all taxes on stocks. (1/2)
Made my day..
I have this digital scale in my bathroom. Everyday the first thing I do is weigh myself and it shows 68 Kgs. However, if I weigh myself after I wear my specs i see 88 kgs.. hence the specs weigh 20 kgs
Low interest rates mean nothing to the MPs and government servants who get pension at our expense, linked to inflation. And an MP has to just win ONE election, and he gets lifetime pension. Even a R Sabha MP! Life is unfair. The politicians are so clever-
@PMOIndia
@nsitharaman
So delightful to meet two of my friends' sons- One is 43 and another is around 40. One has stopped working for a living. Golf and managing own money. Other one is close to it. And very level headed boys. Both have hobbies, read extensively and do social work. My role models.
1. family owned investment co. 2. buy house. 3. Listed co pays deposit plus adv rent to fund house.4. Call it guest house. 5. Stay there. 6. Get rent to investment co. 7. Live happily ever after
Lol. From WA University
Current market condition is a part of Pradhanmantri Stock Yojana (Affordable Stocks Scheme). The aim is to bring stock prices down by 90%, so that poor people can start investing in the stock market.
Why go through RTI? Every bank must put up names of NPA on the website. After all, it is depositor money. Client confidentiality is a stupid argument. And will also help industry.
#banks
The Hindu vs Business Line - On same day.
@the_hindu
@businessline
. This is truly independent reporting. And useful for decision making if you are a reader
Do not mind LTCG. But it is a breach of promise by a government to its citizens. STT was imposed in lieu of LTCG. Now, both in operation. Government is bust
Wow. Bribes are legal. Tax free also perhaps. Good to be a government servant.
@FinMinIndia
@PMOIndia
good going. Please have some say in this. Don't keep quiet and legitimise. You have tied up with them.
Baburao. Age 92. Doing the Wari to Pandharpur since age 10, without a break. This year also- walked from Alandi. 22 days. You see him. Don't have to see Vithala.
After promoting soya and trashing traditional oils, the west is now discovering the joys of coconut oil. Everyone has a spoonful in the morning. Use it for cooking too. And we want to shift to olive oil.. West regains its sense while we lose ours.
The
@RBI
needs new blood. Replace everyone. Hire people from banks- experience in operations. Have concurrent audits in banks. RBI has failed as a bank regulator. Simply issuing circulars and tinkering with interest rates does not need a separate institution.
@nsitharaman
How Swiggy has whacked you quietly..
Displayed price is rubbish. Taxes added. Then a usurious "delivery partner fee" and a "tip" sneaked in without your willingness. And seller hikes price to cover Swiggy cut of 20-30%.
The price of laziness
Dear
@RBI
. Do any of the seniors go and spend money on frivolous things like groceries, edible oil, vegetables? We do. And the prices are sky high. And bank deposit rates are so low that keeping money in the bank is a losing proposition. Do you bother about all this?
A promoter never gets insolvent. A big transfer of wealth from banks/other lenders to himself. Insolvency just means an official confirmation that lenders no longer have any claim on the promoter. Everyone is happy. No one does a story on promoter net worth before/after the firm
A friend went to a private bank for placing a Fixed Deposit. He called saying the RM is selling him something and gave the phone to him. Was trying to con him in to buying an insurance cheat fund with a seven year premium paying term and a 5yr wait &then payout etc (1/2)
No one has interest in HDFC Bank or Kotak Bank. But everyone seems to be eager to buy Yes Bank. From Pune to Singapore to USA. Screw up a bank. More people notice you.
Irresponsible leaders bring crowds to political rallies in these times. Shows that they don't mind sacrificing others to get power at any cost. This is lust. Not politics