It's finally here!
On popular demand, my audio podcast:
LETS TALK MONEY!
On
@spotifyindia
or wherever you get your podcasts.
Send your questions to me on mailme
@monikahalan
.com or in the comments section on the podcast page:
@maedinindia
An entire ecosystem was waiting for one bullet to be fired.
By not firing it, despite being battered, broken and bruised, the
@delhipolice
has delivered a unique victory.
🙏🏻
Where in the world does it take two days between a passport appointment and the document reaching home?
Non tatkal.
No calls to anybody.
Just the process that works for everyone.
#onlyinIndia
You need to be radically messed up to equate Taliban with Modi and the RSS.
The word 'unhinged' comes to mind.
There is no exit from this narrative corner that those who are making this absurd comparison are backing into.
As an author I am shocked that a publisher says it will 'withdraw' a printed, about to be published book, because it had issues with who released the book.
@BloomsburyIndia
is off my list hereon.
The
@advmonikaarora
I know for many years will fight on.
Note for those from India travelling to the DLDCs (digital less developed countries) that would be most of Europe and UK, either carry some cash or access to cash through a forex card.
Also carry smaller notes of 10s and 20s rather than large denomination ones.
For all those opposed to the central vista project on grounds of expense during covid, ever thought of the number of people employed by the project?
Should the government stop all non-covid spends? Farm subsidies for example.
Is each of us stopping all non-covid related spends?
The more I read about the 70s and 80s with a policy hat on, the more I remember growing up in those decades of a supply-starved nation. One landline phone in 30 service class homes. One car in 50. Short supply of milk. Water. Everything.
The disaster that is lived socialism.
No matter what, some people will criticise anything that Modi does.
Not matter what, some people will applaud anything that Modi does.
But I can't begin to understand the critique of a reform announcement without even knowing the details.
Very important step for
@FinMinIndia
to get all regulators to implement:
The spouse should be the default nominee for bank accounts, FDs, mutual funds and insurance policy. A person wishing to change should fill the nomination form.
Big lobby meeting in Delhi of the life insurance industry with
@nsitharaman
@FinMinIndia
today. Industry very upset with the Rs 5 lakh premium policies getting taxed on exit.
Industry should just answer one question:
What a joke.
We are finally escaping poverty, the road to wealth passes through the middle class stage.
And here is somebody insulting the tax paying middle india.
Middle-Class Work Hard for Living
Pays Fair Share of Income Tax & GST
Only to Hear from a So-Called Journalist that Middle Class is Selfish and Most Communal People, What a Shame!
The ecosystem is now going after India's finance minister
@nsitharaman
.
Even a buoyant economy does not prevent labels like commodity trader, spin-doctor from being cynically used to discredit her.
Their barrels of hatred for India are bottomless.
Now a V-shaped recovery is also wrong.
Everything about India is wrong.
Why do global media houses perpetuate this misplaced, baised and untruthful view?
The hopelessness just goes on.
By focusing on a V-shaped recovery, policy makers are ignoring the damaging consequences for India’s long-term competitiveness, writes
@andymukherjee70
(via
@bopinion
)
The
@INCIndia
wants to redistribute India's wealth.
I have some questions.
Will this:
* be one time or before every election?
* exempt minorities?
* apply to govt employees, judiciary, defence, teachers, rich farmers?
#justasking
My oped in
@htTweets
Fancy dry cleaners charge 300 rupees for a shirt. My corner presswalla has diversified into buying a machine and is offering 50 buck shirt dry cleaning. Can't make out the difference!
This is Bharatiya enterprise!
But
@gchikermane
, now wait for the India haters to say:
1. The jabs were too late.
2. The tone of the jabs was wrong.
3. They hurt. Why can't the government give painless jabs?
4. But what about....(fill in whatever nonsense that comes to mind)?
Celebrate?
Cynics can only carp.
Since the income tax payers cannot (and should not) get on their tractors and attack the capital of India, they will continue to pay the bill of street power.
I wish
@nsitharaman
will do a similar deal for direct income tax for individuals. Let us pay a lower flat tax with NO deductions/exemptions/rebates. Give a choice and see how many of us will move to a simpler regime.
@nsitharamanoffc
And carry a single unit coin if possible for the luggage carts at airports. We are used to the abundance of Indian airports that have carts for free.
You put in a coin to release the cart and you get it back when you put it back.
Writing after a break.
Not strictly personal finance, but still in the money space!
Some of the adult raja betas and rani bitiyas of the newly rich Indian are bored, woke and high maintenance. But papa and mama still pay the bills
Why should concessions be given to an industry that destroyes retail savings? How do they destroy savings? Ask them to share the persistency rate of 10, 15, 20 year policies. Early surrenders attract huge costs to policyholders. They do not even get their capital back.
Ground rules for the retired:
NO life insurance to be bought after age 60.
Not for yourself. Not for the kids. Not for the grandkids. Not even for the dog.
FDs are fine if you don't understand mutual funds.
DO NOT go for higher risk/return if you don't need the money.
Not clear what Pankaj Mishra dislikes:
* A global citizen
* Wealth
* Wealth with a brown person
* Success
* A practising Hindu
* A practising Hindu in a position of power
If none of the above, what prompts this bitterness and bile?
9% of the revenue disbursement of the budget goes to agriculture.
7% on defence.
1% on education.
1% on public health and medical
Taxpayers need to decide where our money will be spent.
In my rebuttal to
@andymukherjee70
's "hopelessness", I see a country in transition, from an old idea of India to a new one.
The difference in our lenses is that I see
@narendramodi
as a result, and not a cause, of an aspiring India.
My oped in
@livemint
It started at 4:56 pm without a siren or trigger. First some conch shells, then some thalis being beaten. Then at 5 an explosion of clapping, vessel banging and conch shells. Spontaneous citizen gratitude to all those fighting the war.
Just speechlessness. And an overwhelm.
For those still wondering why markets are happy.
Markets love transparency.
By bringing the off balance sheet items on board, this obfuscation of deficit numbers is gone.
@nsitharaman
Totally unable to understand this new narrative of
1. Every vote being counted in the US vs that not happening in India. Last I looked we sent EVM to remotest of villages.
2. Paper ballets better than EVM. How? So that they can be 'managed' better?
When you get rich suddenly then either you have the money.
Or money has you.
Much of boorish behaviour gets explained when you understand this basic equation.
Why you should NOT buy a bundled life insurance policy
1. Poor life cover
2. Poor returns
3. Built like a trap
4. Agent, company and shareholders profit. You lose.
5. The graph shows what you get back if you stop the policy mid-way.
My column in
@livemint
For me this election is also about the defeat of the small elite group with large voices who have framed the narrative for many decades. Information and its decoding is now truly democratized.
#Verdict2019
@livemint
The blue line is your investment in a typical endowment plan. The orange line shows you what you get back should you stop funding your policy.
Even if you have just one premium left that you do not pay, you don't get your money invested back. This is destruction of savings.
My new book
#letstalkmutualfunds
will help you understand the product, use it to your advantage and select schemes that work for you.
Let's Mutual Fund!
Guys, I do plenty of free workshops for specific groups, such as students, NGOs. Please don't ask me to do pro bono for a 'good cause' and then charge participants. I am giving time and energy to spread financial empowerment, profit from it figuratively, not literally.
@dmuthuk
As they say: the teacher's best moment is to see the student surpass her!
More power to you
@dmuthuk
for the literacy outreach you do everyday.
Sensex at 60k+
I will repeat what I have said for the last 20 years (yeah, that long!)
You have to be in the market ALL the time.
The bull run does not announce itself.
The ONLY way to be in the market all the time is to have an asset allocation between debt and equity.
CORRECTION: Rakesh Jhunjhunwala, 'India's Warren Buffett', dies at 62. We are deleting an earlier tweet on the death of Rakesh Jhunjhunwala that misspelled the name of Warren Buffett.
c. There is a price rise today because there is demand. Cryptocurrency has been called a 'limited supply of nothing'. The minute the demand goes away, the price crashes since there is NO underlying asset. Please get this basic fact clear.
Just finished a very disturbing book —
@rahulpandita
’s Our Moon has Blood Clots. Probably the most underreported & politically ignored genocide of a people in Independent India. Even civil society seems to have brushed aside this ethnic cleansing of Kashmiri Pandits.
When you read something like this, it confirms your belief that just the knowledge of English, the use of some jargon readings and a pesudo academic style of writing does not mean that you have anything intelligent to say.
The populist moment
I joined the workforce in 1991.
The decades after economic reform took salaries, opportunities and markets to unbelievable levels.
My message to the post 2000 gen: don't look for revdis in the budget.
Look for what induces growth.
Being rich is good
#saynotosoclalism
#Budget2023
Reminder!
Please finish your 80C investments soon.
That's Rs 1.5 lakh to be invested to get a tax deduction.
Do a combo of PPF and one ELSS fund.
Wait too long and you will be hit with a dud insurance policy.
Remember that EPF, NPS and a special 5 year FD also can be used.
There is a life before.
And then a life after
#KantaraMovie
@shetty_rishab
Hits you like a bomb going off in the head and heart.
Will need to watch again.
And again.
In which
@sanjeevsanyal
kills it!
Ask the economists based in the US who wanted wealth tax in India to ask the US government for one. And do an RCT to see if it works!
For those who watched the epic Khosla Ka Ghosla, the key question to ask is:
"Aap party ho ya broker?"
@gchikermane
writes in
@orfonline
that social media platforms need to decide if they are a platform or a publisher.
Yesterday, Trump was deplatformed; today,
@sambitswaraj
is labelled; tomorrow, any global leader will have to kneel before the power of these ideologically driven and politically interfering platforms — this cannot be allowed
My essay in
@orfonline
3. My advice. Stay away. If the itch is too great, treat this like a punt, a gamble and use small amounts of your OWN money. Do not get your parents to break their FDs, SIPs or whatever to enter this tamasha.
The Indian who helped expose the Wuhan lab virus leak:
"The young Indian man who calls himself The Seeker is in his late-20s, lives somewhere in eastern India, and uses a piece of tribal art from his home region of West Bengal.."
@TheSeeker268
@Newsweek
Very smart move
@nsitharaman
. Firms can now choose to pay a higher rate & claim tax breaks or pay a lower rate with no tax breaks. Maybe many of the big firms crying about high tax rates will suddenly go quiet as we find that their effective tax rates were actually not that high!
2. Look at some facts:
a. No viable country will hand over currency, monetary policy and stability to a privately held, volatile digital token. We will see national crypto currencies issued by governments and possibly a global one that has oversight of G20 or some such.
e. And for those who are climate change activists, specially the young, please count the environmental cost of crypto before you decide to get rich on its back. You have huge double standards if you pretend to be environmentally emotional but crypto traders.
.
@GretaThunberg
(accidentally?) just shared a document on details of Jan 26 protests and upcoming online and street protests. Soon, the documented was restricted. Now the tweet has been deleted (I saved it). But incredible.
Every part of the system usually works at T3 Delhi. Huge number of people but a fast moving check in and security process makes it quick. Each time I compare with Europe, I am amazed at India's airport efficiency.
Please check out the new calculators on
@SEBI_India
investor education website.
Big shout out to Prof Pattabiraman for his generous help in this effort.
Do send in feedback and suggestions to improve and add new ones.
d. Crypto today is a gamble. It is like the tulip mania, the emu egg and teak plantation bubbles. Please do not think that you will get super rich by 'investing' in this. Gamble is a better word.
And think why a push back argument gets crypto believers so ruled that they get abusive, personal and angry.
Cults prevent your discerning mind to take rational decisions.
Evolution got us from amoeba to having this mind.
Let's use it!
It is shocking that the insurance regulator has discarded a fairer value proposal to policyholders for early surrender. Now with first year commissions that can go unto 100% and very high surrender costs, expect to be mis-sold more and more.
What is the
@FinMinIndia
doing?
Ran into CB Bhave, ex Sebi chairman, at Mumbai Airport.
Indian mutual fund investors owe him a big thanks for making the product go front commission free in 2009.
b. There is no underlying asset to a digital token. Shares have firms that make products and services. Bonds have borrowers and lenders. Gold and commodities have intrinsic use. Metals are valuable because we give them that value.
A two-day nationwide strike in India, involving both public and private sector workers, has disrupted transport and other services across the country.
Workers are protesting the government’s economic policies, including a privatization plan.
Family Man 2 was even better than 1.
Edge of the seat viewing.
And it leaves us with a new enemy to mask up against.
Waiting for 3 - jaldi banao!
#TheFamilyManOnPrime
@BajpayeeManoj
@rajndk
Thank you
@Tejasvi_Surya
for taking up this very important issue in Parliament.
Understanding money is a life skill that must be taught in schools and colleges.
More power to you!
Personal financial management is crucial life skill that young Indians must be taught as they enter job market.
It will help them navigate financial life effectively & prevent falling prey to dubious schemes, debt traps.
Urged
@EduMinOfIndia
to introduce in college curriculum.
Hello everyone. Announcing the publication by
@BluOneInk
of my new book Hindus in Hindu Rashtra: Eighth-class citizens and victims of State-sanctioned apartheid.
All royalties from this book will go to the Hindu Refugee cause. Thanks so much. Order Link:
If the third wave does not manifest, we are looking at a super bumper year-end season of shopping, travel and indulgence.
Check out airline ticket rates and hotel bookings for Dec Jan period to see what I mean!
#GoCoronaGo
Following the epic success of
#LetsTalkMoney
,
@monikahalan
's latest is a comprehensive guidebook on generating wealth by investing in mutual funds.
Watch her reveal the cover of her new book,
#LetsTalkMutualFunds
in this video!
Now available to pre-order:
What can you say about badly brought up men who are never taught to respect women in their own homes.
And never gain the maturity to know where to draw lines of decency.
Just a warning that there is some data leak from the covid test centres and ICMR system. I just got a call from somebody I don't know who knows that I had covid and wanted my plasma
I WILL donate plasma, but not like this
Privacy of data has gone to hell
@ICMRDELHI
@AyushmanNHA
There is now double and triple taxation for those in the income tax net. In their effort to catch the non-tax-paying wealthy Indian,
@nsitharaman
@FinMinIndia
is really hurting the genuine tax payers who are getting hurt needlessly.
Another call from a 79 year old who has been sold junk life insurance by somebody who lives across the street, is known for years.
Senior citizen does not need the money. Has a generous pension.
Wonder why IRDAI can't put in basic suitability metrics on sales?