If I buy $100 worth of stuff on or take a Uber overseas for $10 or spend $20 in a restaurant, the credit card company will keep an additional 20% for each transaction to be refunded at the end of the year ?
How did we end up here ?
Parents attend mask-free weddings, political rallies, go to office, get-togethers with friends and family, salons, gyms, parlours, shop in bustling markets and malls but will NOT send their children to school though science says it's safe and damage higher if they don't..
India set to be the only country in the world where citizens pay advance taxes to the Government for the privilege of `credit' card (international) transactions, to the tune of 20%
L&T Chairman AM Naik's statements are worrying:
1. L&T lost 14 of 14 contracts to low value bids incl from incompetent players who later struggled.
2. The Rs 4.3 Lakh crore, 5-year delay is on taxpayers.
3. 60% of L&T business is from outside India now.
Pensions in India's army now exceeds salary bills, both much higher than modernisation & maintenance budgets
Pensions 1,13,257 38.1%
Salaries 1,11,294 37.5%
Modernise 26,069 8.8%
Maintenance 18,328 6.2%
(Rs Crore) via
@PRSLegislative
There was a lot of harassment from the previous DG-Income Tax in the form of attaching our shares on two separate occasions to block our Mindtree deal and then taking position of our Coffee Day shares, says VG Siddhartha in his letter to CCD Board
Does everyone feel the same way, tears & despair for this young boy's future, frustration at how we have lost our way...and wonder when & where this will all end..
Air-India privatisation will be completed in 2021-22 since it could not be completed in 2014-15, 2015-16, 2016-17, 2017-18, 2018-19, 2019-20 and of course 2020-21
#Budget2021
7 calls between 12:20 am and 04:29 am this morning from my credit card co asking me to authorise a legitimate $12.99 monthly auto debit...thank you
@RBI
for such well thought through regulation..
There are bright spots but if the full 5-year period 2019-24 is taken together, India's economic growth will have averaged just 3.6%, the slowest 5-yr period since the 1970s: TN Ninan
For reasons of personal wellbeing will refer to Mumbai petrol prices only in USD from now on...
So today it is just $1.47 per litre..if you are dying to know, that equals Rs 110.75 in local currency.
"If you are saying this medicine is good, you must be qualified and disclose that you are qualified to say that.. "
Timely and welcome move by Dept of Consumer Affairs
Amazon & Flipkart have denied or are silent on this $3 billion festival sales number claimed by a consulting firm and yet it is headlined like a verified fact.. media self manipulation at it's saddest level..
Country Cases Recovery Dead
USA 104661 890 1702
Italy 86498 10950 9134
India 873 78 19
At this point, more people are recovering in India than dying, in contrast to countries like USA.
#COVID19
Toll booth collections at record high again, at Rs 86 crore per day, no of electronic transactions up from 0.8 to 3 million in 6 months.
Roads minister
@nitin_gadkari
should find out who was siphoning off earlier ?
India is testing only 3% positive
#COVID19
cases, against Italy's 23% and US 58%..
If accurate & sample sets are representative, this means India is behaving differently
Testing data show that India is detecting 3% positive
#COVID19
cases among the samples tested, the same as South Korea but lower than the US's 58%, China's 25% and Italy's 23%
We are happy and proud to announce that
@IndiaSpend
has completed 10 years in data-led, public interest journalism this month.
Your support helps us shine the light on the most important issues of our day:
#IndiaSpendAt10
An Armenian Uber driver in San Francisco week before spoke to me in Hindi, said he had watched over 100 Bollywood films, tasted gulab jamuns (because one character ate it) and wanted to know more about the various sweets in the plate always served to visitors - in the movies..
Those ridiculing the dire predictions by some epidemiologists forget that the Modi Government's steps - including the never imagined shut down of Indian Railways - are a response to precisely these predictions..which now have a lesser chance of coming true..
#covidindia
Maharashtra state mandate of 7-day institutional quarantine for all `at-risk' international arrivals (which includes all Europe) is utter insanity.
Demonstrates you learnt NOTHING since April 2020 and have zero confidence in your own people, health professionals & infrastructure
Congratulations
@prempanicker
on taking over as
@IndiaSpend
Consulting Editor, look forward to an impactful blend of on-ground public interest reporting in key areas like health & environment and editorial leadership in traditional and new-generation news environments !
Couldn't say it better...he was on a Goa flight behind me (in economy) few years ago & that too booked on a middle seat ! Two passengers from Business Class came and pleaded with him to take their seats ..he declined and finally agreed to move one seat to the aisle..
Ad for Reserve Bank's Dy Governor position in latest issue of British weekly newspaper The Economist.
More importantly, last date to apply is day after..
Dear
@ECISVEEP
appears you have rejected my application for voter id (post ejecting me from my previous constituency) saying invalid photo and not present at hearing...after accepting all documents online...when or what was the hearing ?
You may disagree with his methods but read this to understand where
@rssharma3
passion for Aadhaar comes from & why he sounds more right than his critics:
The UK says fully vaccinated visitors from India are now welcome (Amber list) but neither Covishield or Covaxin are accepted...so figure how you can be a visitor from India with a UK made & administered vaccine
The many businessmen rightly praising the late Rahul Bajaj for his candour & spine are effectively thanking him for speaking up for them, over generations..
#HamaraBajaj
Against US Dollar in the 1st half of 2022
1. Euro (-) 11.6%
2. Yen (-) 19.2%
3. Pound (-) 13.2%
4. Rupee (-) 6%
Shouldn't headline be rupee has moved up against almost all currencies ?
via TN Ninan
Covisheild at Rs 600 per dose after freeing up pricing; things could change but right now clearly demonstrates that free pricing does not mean indiscriminate pricing as some fear and is incentivising more production..
Mind boggling ET report says it is
@ICICIBank
CEO's choice whether to step down or not...did ownership of ICICI Bank transfer to her family at some point, as I don't recall seeing it:
Is the question I have been searching for an answer for a long time ..the most draconian state structures and laws, destruction of private capital and enterprise, throttling of free spirits and yet...
Isn’t it curious that most of BJP’s attacks in the Dynasty are confined to Nehru, and now Rajiv. Indira Gandhi is mostly overlooked despite her Emergency and destructive state-socialism
If an aircraft has to be chartered to fly out, lets say 50 mobile Covid19 patients from Delhi, to Chennai or Mumbai, where O2 + bed scene may be little better:
1. Does it make medical sense ?
2. Can it be done logistically ?
3. Will the 2 cities be ok ?
4. Who could drive this ?
We are collecting footwear in Lower Parel, Mum, for protestors in Mumbai who have worn them out in the march from Nashik...pref new, hawaii/flip flop ideal, mid size..you can hook up with
@KaleKrutika
. Deadline is tomorrow noon:
@b50
@ShankkarAiyar
The Income Tax Tribunal is effectively saying:
1. Cricket still has to be `promoted' in India
2. Adding `entertainment value' to cricket is innovation.
3. A sports body structure will be tax friendlier for some businesses, like betting ?
Over a decade, we have shone the light on the essentials that affect our lives: public health, education, gender equity, social justice, climate change & environment.
We have focused on interpreting facts through rigorous research & boots-on-the-ground reportage
#IndiaSpendAt10
"Madam, you didn't write Ivermectin, my neighbour was given that, my cousin was given.."
Indian doctors fight pressure to prescribe drugs that don't work
Hong Kong
1. Visitors = 3 million a day (check)
2. Residents = 7.5 million
3. No of Covid-19 deaths = 6
4. Lockdown = NO
5. Masks compliance rate = 97% at rush hour
6. 3% Non compliance = mostly Europeans/Americans
#COVID19
Three headlines from ET newspaper this afternoon:
1. Majority of India's 900 million workforce stop looking for jobs.
2. Formal job creation remains uneven for 2nd month in a row.
3. A perfect storm is about to rock middle-class India's budgets.
Dear
@ICMRDELHI
It would help (and reduce anxiety) if you released this info daily:
1. No of patients tested so far, as opposed to samples
2. Stages of testing for each.
3. Demographics of positives.
4. No of recoveries, deaths + demographics
5. No of pneumonia deaths
#COVID19
This is crazy...the banks knew in May 2017 that Kanishk Gold was not going to repay because the promoters TOLD them...but the banks declared them as defaulters to RBI only in November 2017:
Minister, this gives a feeling that hawai chappal buyer is somehow paying similar quantum of tax as BMW buyer...regardless of rate, one is paying a few rupees & the other few lakhs..
What Rahul Gandhi suggested was single GST rate of 18 %. This is different from suggesting a cap of 18 %. This was the grand stupid idea. Can a Hawai chappal and a BMW car be taxed at the same rate?
Country Tests Positives %
US 2,079,943 395,784 19
Italy 807,125 139,422 17
India 127,919 5,114 4
India still holding at low positives to tests ratio..slight rise from early days but broadly consistent pattern
Shakti just out rendered one of their biggest almost 50-yr-old original hits, Bridge of Sighs, led here by the legendary Viku Vinayakram on stage just now in Mumbai. If such a thing was possible..
#Shakti50
Delighted to welcome
@hrvenkatesh
as Director (Training & Research) into the
@boomlive_in
team. Venkatesh, just back from
@JSKstanford
will lead our efforts in building coalitions & knowledge networks for greater media literacy
Secret training camps in north Gujarat where people train to scale 15ft high walls, slide through barbed fences and run with children & heavy bags..all to enter the United States illegally:
96% of
#MumbaiRoads
failed an inspection by the Vigilance department of the Mumbai’s municipal corporation. 187 of the 194 roads checked had cracks, potholes or were simply uneven. Worse, all these roads were just 1-3 years old.
@PotholeWarriors
@MushtaqAnsari80
.
@ICICIBank
is sitting on public deposits, has to be far more pro-active than any normal co in handling negative reports on its CEO. For e.g, call a press conference & answer Qs rather than stay silent, hide behind board citations and friendly media
Doing business in India:
1. Pharma co imports inputs for drugs from China.
2. Drugs stuck at port.
3. Co pays customs duty, GST, Govt gets revenue
4. Co pays demurrage at several thousand $ per day
5. Chinese co has likely been paid.
6. Who suffers most ?
The use of anecdotal evidence like sales of high-end mobiles or discount-driven e-commerce bump-ups to convince ourselves that all is actually well in the economy is laughable and self-delusionary - let's accept data for what it is and work towards solutions
BMC Chief I S Chahal on impact of data gaps on lives:
"A neighbouring state had 6,000 cases when we had 60,000. But Im sure if they had tested properly, they would also have 60,000 cases. Now, how does Centre allocate them equal amount of oxygen like us?"
India's new health minister says he got hit by a security guard while visiting a Delhi Govt hospital incognito...when asked if the guard had been suspended, he said he would rather improve the system than one person:
I felt sad for Parrikar on seeing the picture but the context is what struck a chord, the Mandovi bridge being a pet project of his & wanting to inspect it even in current condition...
Completely disagree
@OmarAbdullah
. If anything, these photos can only inspire all of us that you must live your life just the way you wish to, till the very last. Why should any cancer patient be asked to just give up, accept his/her fate and wait for painful death on the bed?
I return to Biz TV with a new show talking to young entrepreneurs on specific phases of their journey, challenges & learnings: On
@BloombergQuint
debut on Aug 10
To my potential lunch companion if and when I travel overseas next; can you please pick up the tab because if I swipe my card, my Govt will take away 20% of our lunch bill and adjust it against my tax dues if any or refund me a year later..I know, doesn't that sound amazing..