Hemalatha Chandraseker

I am a limited edition, there is only one me😅Student 👩🏼‍🎓and wanna be student forever 📚

[Hemalatha Chandraseker @HChandraseker]

If an approval isn’t acted on within a statutory timeline, it should automatically escalate. Predictability reduces both costs and opportunities for corruption.

[Hemalatha Chandraseker @HChandraseker]

An interesting perspective @svembu sir✌🏼
Reading this made me think about corruption from another angle, not just as an ethical issue, but as an opportunity cost.

[Sridhar Vembu @svembu]

The economic and demographic effects of corruption.

Cost of land in our urban areas is far higher than what our GDP per capita would dictate. The ratio of land value to per capita GDP is probably higher in India than anywhere else. As an example, land prices in Chennai or Bengaluru rival that of cities like New York which has a vastly higher per capita GDP.

The key reason?

First, vast sums of political corruption money is parked in real estate. This raises real estate prices and high real estate prices affect everything downstream.

Second, corruption in building approvals and the like - the famous DTCP - raises construction costs, on top of already higher real estate costs.

Third, corruption in private school regulatory compliance enforcement raises school fees.

Fourth, corruption in private hospital regulatory compliance enforcement raises health care costs.

Fifth, household goods need sales outlets and those pay higher rents due to high real estate prices and construction costs.

So housing, education, healthcare and household goods - all of these now cost higher.

As a direct consequence, the economic burden on the average person gets worse. Young people, facing all these costs, postpone marriage, and postpone children or have fewer children.

That directly affects our demographics.

While this issue exists in many parts of India, Tamil Nadu, being the most urbanized of the bigger states, is particularly hit hard.

So corruption is becoming an existential threat to our society.

If you worry about the super-low birth rate in Tamil Nadu, way below replacement, understand that corruption raising our cost of living is one of the major causes, not the only cause, but a big one in our context.

[Hemalatha Chandraseker @HChandraseker]

Perhaps the biggest cost of corruption isn’t the money that changes hands, it’s the dreams, investments, businesses, and opportunities that never materialize because that money had to be spent elsewhere. One reform I’d love to see is a single-window, time-bound approval system.

[Hemalatha Chandraseker @HChandraseker]

@anirxdhv @ycombinator This is interesting!! The biggest challenge in personal finance isn’t calculation, it’s interpretation. As someone working in FP&A, I love the focus on explainability. Tax calculations are only useful when people understand the “why” behind the numbers.

[Hemalatha Chandraseker @HChandraseker]

@nicochristie It’s interesting! I would love to try it out!

[Hemalatha Chandraseker @HChandraseker]

@Chakrigoud2211 @Chinmayi In know
Z.s

[Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA]

Dating is like venture capital. Most will go to 0, some will be meh, but you only need 1 home run hit to make it worth it.