Dear Chartered Accountants,
Whether you like it or not, the Modi government has systematically reduced the role of Chartered Accountants.
Bank audits were reduced. GST audit was abolished. The tax audit limit was increased. Now, statutory audit is also under threat.
The saddest part is that many CAs still blindly support every such decision, even when it directly affects their own profession.
If we don't stand for our profession, who will?
I won't take my Instagram account being suspended lying down!! I will protest both this and Ethanol 20. Let the government attack me!
#EthanolScam
BETA BADHAO YOJNA
SUGAR DADDY
Google makes 1.2Bn$ of revenues per day. It takes 6 of India's largest companies combined (Reliance + IOC + ONGC + BPCL + SBI + HPCL) to make ~$1.2B/day.
Now, this is not the end of story:-
- Google's profit margins: 31.6%
- Blended profit margins of top 6 firms blended: 6-9%
So by 2030 Google is likely to do 2.2Bn$/day revenue. And, it would take top 7 firms in India to match those revenues.
Two points:-
1) Monopolies are getting stronger. Power laws are working. You as an investor should see this.
2) Make your decisions based on cash flows, margins, revenue growth. No one is "pushing" you to buy US stocks or XYZ stocks.
Buy dominant companies where ever you find them at good valuations.
The last significant block of Google I bought, I did last year. I will start adding more now, after its current 21% fall.
Use math to win.
देश के युवाओं ने एक होकर आवाज़ उठाई तो धर्मेंद्र प्रधान को इस्तीफ़ा देना पड़ा। E20 पर भी हमें एक होकर आवाज़ उठानी पड़ेगी।
इस शनिवार हम 'नेशनल टाउनहॉल अगेंस्ट E20' आयोजित कर रहे हैं, जिसमें शामिल होकर आप E20 पर अपनी बात रख सकते हैं। आप इसमें ऑनलाइन भी शामिल हो सकते हैं। आप सभी आमंत्रित हैं।
तारीख: 1 अगस्त, 2026
समय: सुबह 11:30 बजे
स्थान: कॉन्स्टिट्यूशन क्लब, दिल्ली