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R. Balakrishnan Profile
R. Balakrishnan

@BalakrishnanR

42,410
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103,442
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Accounts. Finance. Investing. There is lots more to Life. Live Rich. Die Poor.

chennai
Joined March 2009
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@BalakrishnanR
R. Balakrishnan
2 years
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@BalakrishnanR
R. Balakrishnan
5 years
Confirmed. We are the world's fastest slowing economy
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@BalakrishnanR
R. Balakrishnan
2 years
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
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@BalakrishnanR
R. Balakrishnan
1 year
People who renounced Indian citizenship?
@varinder_bansal
Varinder Bansal 🇮🇳
1 year
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
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@BalakrishnanR
R. Balakrishnan
4 years
Tweet media one
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@BalakrishnanR
R. Balakrishnan
4 years
18%GST on health insurance premium is cruel. Please remove that. @nsitharaman @PMOIndia
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@BalakrishnanR
R. Balakrishnan
2 years
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....
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@BalakrishnanR
R. Balakrishnan
6 years
Who do we blame? Railways ? Or the reckless civilians with uncivil behaviour?
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@BalakrishnanR
R. Balakrishnan
6 years
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
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@BalakrishnanR
R. Balakrishnan
3 years
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?
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@BalakrishnanR
R. Balakrishnan
4 years
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)
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@BalakrishnanR
R. Balakrishnan
5 years
HMV ... Absolute rubbish . I am happy to stay at two trillion. Enough bleddy sacrifices for politicians..
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@BalakrishnanR
R. Balakrishnan
1 month
A forward doing the rounds. Things get ...... With @CocaCola
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@BalakrishnanR
R. Balakrishnan
2 years
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.
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@BalakrishnanR
R. Balakrishnan
6 years
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.
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@BalakrishnanR
R. Balakrishnan
5 years
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.
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@BalakrishnanR
R. Balakrishnan
3 years
PSU bank employees. Going on strike simply strengthens public support for privatisation.
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@BalakrishnanR
R. Balakrishnan
5 years
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)...
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@BalakrishnanR
R. Balakrishnan
4 years
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.
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@BalakrishnanR
R. Balakrishnan
4 years
God bless this newly wedded couple. Raise a cheer for them
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@BalakrishnanR
R. Balakrishnan
3 years
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@BalakrishnanR
R. Balakrishnan
4 years
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
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@BalakrishnanR
R. Balakrishnan
3 years
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.
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@BalakrishnanR
R. Balakrishnan
5 years
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
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@BalakrishnanR
R. Balakrishnan
7 years
Dear @FinMinIndia What is so special about eating in an AC restaurant? Do you pay more income tax because your office is airconditioned?
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@BalakrishnanR
R. Balakrishnan
6 years
If RBI does not approve of LIC buying of IDBI, LIC may consider buying out RBI. Solves problems. And more weapons to govt
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@BalakrishnanR
R. Balakrishnan
5 years
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
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@BalakrishnanR
R. Balakrishnan
3 years
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
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@BalakrishnanR
R. Balakrishnan
2 years
2020. We will become a debt free company. 2021. We will be a 'net' debt free company. 2022. We are borrowing another $5billion.
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@BalakrishnanR
R. Balakrishnan
4 years
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...
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@BalakrishnanR
R. Balakrishnan
6 years
Amazon India starts Great Indian Festival Sale today. BSE and NSE started it a few days ago.
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@BalakrishnanR
R. Balakrishnan
2 years
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
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@BalakrishnanR
R. Balakrishnan
5 years
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
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@BalakrishnanR
R. Balakrishnan
4 years
Coming soon from SEBI. A list of shares that each mutual fund can invest in. Finally the MF industry can get rid of fund damagers. Bravo, SEBI.
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@BalakrishnanR
R. Balakrishnan
4 years
This is service- From Infosys Foundation to Karnataka Government
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@BalakrishnanR
R. Balakrishnan
2 years
Health insurance, medical expenses are subjected to GST. But cricket and IPL revenue is tax-free! Mera Bharat Mahaan
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@BalakrishnanR
R. Balakrishnan
4 years
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.
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@BalakrishnanR
R. Balakrishnan
6 years
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
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@BalakrishnanR
R. Balakrishnan
2 years
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?
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@BalakrishnanR
R. Balakrishnan
6 years
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
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@BalakrishnanR
R. Balakrishnan
5 years
This new year, resolve that you will NEVER buy any endowment policy or single premium policies. IF you need insurance, just buy a term policy.
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@BalakrishnanR
R. Balakrishnan
5 years
Thailand offering 50% tax rebate to industry relocating from China. We should give full exemption so long as everything exported. Get the jobs ...
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@BalakrishnanR
R. Balakrishnan
3 years
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.
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@BalakrishnanR
R. Balakrishnan
5 years
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
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@BalakrishnanR
R. Balakrishnan
5 years
#NoPlastic in Chennai from tomorrow. Carry your own cotton bags. Get back to the old habits. Give the next generation a chance.
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@BalakrishnanR
R. Balakrishnan
5 years
For non finance people. Understanding balance sheets. Probably the best book.
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@BalakrishnanR
R. Balakrishnan
4 years
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.
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@BalakrishnanR
R. Balakrishnan
3 years
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...
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@BalakrishnanR
R. Balakrishnan
6 years
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?
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@BalakrishnanR
R. Balakrishnan
4 years
Kwality Dairy found it easier to milk the banks than the cows.
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@BalakrishnanR
R. Balakrishnan
4 years
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
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@BalakrishnanR
R. Balakrishnan
4 years
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
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@BalakrishnanR
R. Balakrishnan
6 years
Rahul Gandhi is now asking questions to BJP about the collapse of the infrastructure built by his family ... Truly amazing guy.
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@BalakrishnanR
R. Balakrishnan
5 years
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.
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@BalakrishnanR
R. Balakrishnan
6 years
The Insolvency & Bankruptcy Code is lighting fires under so many backsides. Is truly a landmark in Indian robber barons history.
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@BalakrishnanR
R. Balakrishnan
6 years
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
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@BalakrishnanR
R. Balakrishnan
4 years
The only ones smiling are the government servants. Fix own salary. Regular increment. No risk of job loss.
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@BalakrishnanR
R. Balakrishnan
4 years
The Agri-Market reforms look good. Good that the farmer can sell anywhere. The 'mandi' mafia has to end.
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@BalakrishnanR
R. Balakrishnan
3 years
Kalyan Jewellers. IPO price reduced by wastages and making charges. Enjoy
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@BalakrishnanR
R. Balakrishnan
5 years
It took me years to realise that stock price never runs away. The only thing that runs away is my money.
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@BalakrishnanR
R. Balakrishnan
4 years
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)
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@BalakrishnanR
R. Balakrishnan
6 years
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
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@BalakrishnanR
R. Balakrishnan
3 years
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
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@BalakrishnanR
R. Balakrishnan
3 years
Our media loves to carry indian flood photos. Will not splash this or the Washington mess in our papers
@imacuriosguy
𝙍𝘼𝙅𝙀𝙎𝙃 𝙋𝘼𝙍𝙄𝙆𝙃
3 years
Hospital in Germany 🇩🇪 after the recent floods. Lesson: #nature makes all countries a level playing field.
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@BalakrishnanR
R. Balakrishnan
5 years
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.
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@BalakrishnanR
R. Balakrishnan
5 years
BJP loses a few states, but retains RBI. Bravo
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@BalakrishnanR
R. Balakrishnan
7 years
@PMOIndia please make it compulsory that political parties can accept donations only through digital transfer. Then we will consider
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@BalakrishnanR
R. Balakrishnan
5 years
$50 Trillion by 2050. Before anyone lays claim. Let me put it here.
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@BalakrishnanR
R. Balakrishnan
3 years
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
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@BalakrishnanR
R. Balakrishnan
5 years
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.
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@BalakrishnanR
R. Balakrishnan
4 years
Translation: LIC will be buying heavily on Monday
@BrickInWall1
Ajay
4 years
Can someone get me what this govt is smoking
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@BalakrishnanR
R. Balakrishnan
5 years
Irrespective of governments , five trillion will happen. Simply add around 12% each year . 5% inflation and 7% growth. No govt can stop it either.
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@BalakrishnanR
R. Balakrishnan
6 years
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
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@BalakrishnanR
R. Balakrishnan
4 years
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
Tweet media one
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@BalakrishnanR
R. Balakrishnan
6 years
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
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@BalakrishnanR
R. Balakrishnan
5 years
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.
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@BalakrishnanR
R. Balakrishnan
5 years
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.
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@BalakrishnanR
R. Balakrishnan
6 years
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.
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@BalakrishnanR
R. Balakrishnan
5 years
My goal for 2019 was to lose just 10 pounds … only 15 more to go.
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@BalakrishnanR
R. Balakrishnan
5 years
Wonder if a Central Bank can be downgraded... Selling family jewels to pay for evening snacks.
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@BalakrishnanR
R. Balakrishnan
4 years
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
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@BalakrishnanR
R. Balakrishnan
4 years
India has truly become a rich nation. A ₹42600 phone is labelled as "affordable" by our all knowing media.
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@BalakrishnanR
R. Balakrishnan
3 years
Is there a "Promo" Code to apply in the #Zomato IPO?😎
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@BalakrishnanR
R. Balakrishnan
1 year
Kudos to @SEBI_India . T+1 from 27 January. Next step is to let us deal directly on screen without a broker. Technology has been used well by SEBI.
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@BalakrishnanR
R. Balakrishnan
3 years
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
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@BalakrishnanR
R. Balakrishnan
2 years
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?
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@BalakrishnanR
R. Balakrishnan
5 years
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
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@BalakrishnanR
R. Balakrishnan
5 years
What a discovery!! Kudos to our Finance team and the prime Minister.
Tweet media one
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@BalakrishnanR
R. Balakrishnan
4 years
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)
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@BalakrishnanR
R. Balakrishnan
5 years
₹100 lakh crore in five years . ₹5500 crore per day. Wonderful fairy tales
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@BalakrishnanR
R. Balakrishnan
2 years
2 days ago.....
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@BalakrishnanR
R. Balakrishnan
2 years
I thank Infosys. Thanks to them no changes in personal tax rates.
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@BalakrishnanR
R. Balakrishnan
3 years
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@BalakrishnanR
R. Balakrishnan
3 years
Congratulations to @suchetadalal and @Moneylifers . Another unputdownable book.
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@BalakrishnanR
R. Balakrishnan
5 years
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.
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@BalakrishnanR
R. Balakrishnan
3 years
988 pages of instructions. For filing income tax forms. Wow. Kudos to the department.
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@BalakrishnanR
R. Balakrishnan
6 years
Tweet media one
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@BalakrishnanR
R. Balakrishnan
3 years
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
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