Pushkar Gulkari

Software Engineer by profession |
Tech & Gadget Enthusiast by choice |
Love Philosophy & Spirituality

[BCCI @BCCI]

One sleep away ⏳

Our #CWC23 Journey begins tomorrow 👏

Send in your wishes for #TeamIndia 🇮🇳 👇

[Pune City Life @PuneCityLife]

Pune's population and number of vehicles 🤷

The population of Pune is estimated to be 43 lacs. The number of vehicles registered in the city is also around 43 lacs! This includes 32.5 lacs motorcycles, 7.5 lacs four-wheelers and 3.5 lacs taxis,auto rickshaws and others.

In fact, in 2018 the number of vehicles (36 lacs) was more than the population of the city (35 lacs). This had happened for the first time for any urban area in the country.

Pune' RTO usually achieves revenues more than their targets in every segment.🥲

The harsh truth is that multi-layered flyovers, adding up new lanes cannot help ease the traffic until and unless we have a proper ring road and well functioning public transport services.

Till that time it looks like bikes will continue to use every 'i🏍️n🏍️c🏍️h' of the road along with footpaths!

[Akshat Shrivastava @Akshat_World]

India's passport is weaker than Ghana's and Mongolia's. Ever thought why?

Simple answer is: compared to other nations, there are a lot more Indians willing to leave India and settle abroad.

Again: ask why?

One of the key reasons has to do with unfair taxation.
And, going forward, we are going to witness even higher taxes.

Why? the math behind this is fairly simple:

[1] A large part of our current 'growth' is financed through fiscal deficit.

[2] In order to reduce this fiscal deficit, we either need to increase our 'revenues' or decrease our expenses.

[3] It is highly unlikely that in a nation like India, where the population is young, the government spending will go down.

In fact, freebie culture is gaining more roots. And, every political party is spending crazy money on distributing freebies (And then advertising it as well).

Now the thing is that the government has set the target to reduce our fiscal deficit. This can only happen through increased taxes as of NOW.

The exception to this would be: if we somehow increase our workforce productivity massively to bring in more revenues. For this we require innovation, better education etc. You can be a judge yourself if this is happening.

India has been the biggest victim of brain drain. And, this trend -- unfortunately is only going to accelerate.

Fewer opportunities, intense competition coupled with unfair taxation leaves very little incentives for smart folks (seeing jobs) to stay back.

[FinFloww @FinFloww]

In 2010, two brothers changed the way Indians trade and invest in the stock market

After making Zerodha a billion-dollar startup, all bootstrapped,

one of the brothers is now disrupting another industry

Here’s what Nikhil Kamath is building at his new startup True Beacon:

True Beacon is a hedge fund. So, let’s first understand what a Hedge Fund is:

A hedge fund is a bunch of serious suits & tie Joes managing a pool of money. They use different techniques to get their investors maximum returns.

Simple right? Not so much...

It’s not like a mutual fund where everyone can invest. It’s only meant for High Net Worth individuals and professional investors who know what they are getting their money into.

Also, it’s not regulated by the SEC in the US so these Joes have a pretty free hand.

In India, they are slightly less regulated.

Actually, in India, there are no Hedge Funds as per se, they are called Alternative Investment Funds (category 3)

How is Nikhil Kamath’s True Beacon different?

First: they don’t charge a management fee, annual fee or anything like that.

Their model is pretty simple: Unless they make you a return, they are not going to make any money themselves.

If they generate profits, they charge a 10% performance fee from the profits. Simple transparent system.

Usually in Hedge funds because the returns are high, they charge a high fee.

There’s a management fee (usually around 2%) for managing your money.

Second is the performance fee (around 20%) which is a percentage of the profits they earned for you.

Nikhil did a "Zerodha" again here

Also in True Beacon, there’s liquidity and no exit fee. Meaning you can invest, and exit anytime you want.

This isn't a common thing in most Hedge Funds...

Don’t let the name deceive you!

These were only meant to “Hedge” your money earlier (Hedging means protecting).

Now Hedge funds are all about swooshyyyy profits and high risk.

How do hedge funds generate these returns and how do they earn?

Hedge funds do a lot of complicated finance stuff😂

They invest, trade, do futures & options and what not.

The crux is they take leverage over their client’s money to increase their total earning amount.

A hedge fund manager is basically incentivised to generate a higher return for her clients.

A mutual fund manager gets a cut from the money under his management, not the profits.

A hedge fund manager gets a percentage of the profits.

That's why a hedge fund is different from a mutual fund. The incentivised manager would make sure you get more profits.

We took the example of True Beacon to explain Hedge Funds. Hope you liked it❤️

If you liked this read, do ReTweet🔄and follow us @FinFloww

for more such reads every Monday, Wednesday, and Friday!

[Cristiano Ronaldo @Cristiano]

Final - here we go!!💪🏼
Good work team!
Special thanks to our fans for the amazing support and for always pushing us forward! 🙌🏼💛💙

[Pune City Life @PuneCityLife]

Wait... What? Only a Punekar has the confidence to knock the door of the loco pilot and ask him to stop the metro to board. 😂🚇

[Teslaconomics @Teslaconomics]

How will Tesla produce a $25,000 vehicle?

By establishing a Gigafactory in India, Tesla will be able to significantly leverage the advantages of reduced labor costs & locally sourced materials, making the manufacturing of a $25,000 Tesla not just a vision, but an achievable reality. India’s abundant reserves of essential EV materials like lithium, combined with Tesla’s ongoing improvements in battery technology, will be able to yield significant cost reductions. Add to that the benefit of lowered import duties and the elimination of hefty import taxes and shipping costs, thanks to local production. These savings, driven by localizing the entire supply chain and continuously innovating on manufacturing & software, will allow Tesla to substantially lower the final price to the desired $25,000. This will further make electric vehicles widely affordable, revolutionizing their reach not just in India, but globally. IT IS NOT IMPOSSIBLE!

[Pune City Life @PuneCityLife]

Tesla leases office in Pune’s Viman Nagar

Tesla India Motor & Energy Pvt Ltd has taken office space on lease for five years at Panchshil Business Park in Pune at a starting monthly rent of ₹11.65 lakh, its first real office setup in India. https://t.co/mnsgRU3Epg

[BCCI @BCCI]

In 📸📸

@imVkohli celebrates his 29th Test ton 🫡

#WIvIND

[Prafull Billore @pbillore141]

🙌 Game changer for India
#Chandrayaan3

[Gaur Gopal Das @gaurgopald]

Social media is a great tool when we’ve discovered our worth and don’t seek validation and worth through followers and likes. We can then use social media for self-expression, creating impact, expanding business, networking and making friends etc.

If we start looking for our worth through validation on social media, we are constantly comparing ourselves with others, how many followers they have, how many likes they got, and how many comments their posts or reels gather.

Sometimes we may look at others' posts/stories and start feeling a sense of inferiority, thinking that we don’t look good enough, we are not good enough, or we can’t do things well enough etc. Sometimes, though not all that often, we may even derive a sense of superiority by thinking we are better than others.

Comparison can be a disease of the mind that ruins our joy and peace and limits our growth, or it can also be a virtue that leads to our positive transformation.

Unhealthy comparison is about looking at what others have and what others do, which leads to feelings of inferiority or insecurity or jealousy.

Healthy comparison is about looking at who others are and looking at their traits and qualities. We can then derive inspiration from their good qualities and emulate them for our growth. It means to also look at their shortcomings or improper qualities or decisions, not out of being judgemental, but out of wanting to learn what to not do in our life.

Healthy comparison is also about comparing ourselves to our own selves on a regular basis and seeing how we are moving towards becoming better versions of ourselves.

So let’s be careful of the disease of comparison. Instead, let’s utilise the power of the virtue of comparison.

Let’s be careful about social media being a bane and use social media in a way that it turns out to be a boon.

VC: Conversation with @BrianBRose for @LondonRealTV

#social_media #selfworth #comparison #networking #BusinessGrowth #MakeAnImpact #selfexpression #EnergizeYourMind #lifesamazingsecrets #GaurGopalDas #gaurgopaldas #WednesdayMotivation #wednesdaythought

[Mayank Goyal @TheMayankGoyal]

@PranjalKamra I guess this step is taken to move people from old regime to new regime as we can see in old regime 5 lac no tax + 1.5 lac 80c + 50k standard deduction + 25k medical so total 7.25 lac income no tax in old regime conditioned you make investments to get benefits

1/2

[Angad Singi @AngadSingi]

Google parent company ‘Alphabet’ sacks 12000 workforce.

Microsoft to lay off 10000 till the 3rd fiscal year of 2023.

Spotify slashes 600 employees.

Amazon 18000.

You wake up. Check your mail. That’s it!

[Gaur Gopal Das @gaurgopald]

If we lose our precious energy, which is a limited resource, for fighting things that are beyond our control, we’ll have no energy left to deal with those things that we can actually change. Choose your battles wisely. #EnergizeYourMind #monkify #GaurGopalDas

[Manish Pandey (मनीष पाण्डेय) @join2manish]

I have zero respect for people who don’t keep communication clear and don’t acknowledge messages (especially when working in teams)

Clear communication reduces conflict and speeds up overall productivity

[Raj Shamani @rajshamani]

From shooting YouTube videos on a phone to now starting his production house to release web series on OTT platforms.

This man is the unsung content creator OG with a net worth of $3.5M!

Here are the top 9 lessons he learned from being a YouTuber to an actor.

A thread 🧵

[APPURV GUPTA @appurv_gupta]

One of the strong resolutions which I wanted to learn and want to add full time in my behaviour is to learn "The art of saying No."

I have tried last year and it has resulted in some good results :
A Thread 🧵(1/8)

[Vaibhav Sisinty @VaibhavSisinty]

Youtube launched Youtube courses

Many think it could kill startups like Udemy, Byjus, Coursera etc.

Here is why I think it won't kill others but could kill youtube itself