Dreamer, Sarcastic , Indian Political Watcher, Optimist, Traveller , Foodie, Reader of Indian Writings (of Naipaul not Chetan Bhagat type),Economics and Markets
@solankineha01@its_ap1 All it requires is a tshirt with collar.. a typical Polo would do.. thats what smart casual is.. a collar less t shirt is taking things too far in a formal office environment
@shiv_cybersurg@Aparna@IndiGo6E Thise morons did not allow a 5 mm allen key for tightening musical strings. I wonder how difficult it must be to dismantle a plane using the allen key
@Aparna@IndiGo6E Those airport idiots did not allow a 5 mm allen key, used to tune and tighten an electric guitar string. Its sonthin it can be broken by hand, but no the illiterate morons of airport security said not allowed. Bloody thugs and incapable of any civility.
@sandipsabharwal Its a route to go long INr and not some long term investment, with fcnr inflows Rupee will rally, and these guys will sell and take the money off the table.. the bond flow is hot money
@sandipsabharwal@RBI@FinMinIndia They releases with the data of april 22. The news report says the sales were in may. RBI Misleading public by posting irrelevant data? Damn every institution is losing credibility,
RBI issued this clarification to refute Bloomberg's hypothesis that it may have sold some gold.
The clarification breaks down and raises more questions than it answers.
1/5🧵
There are IG reels made of that Terrance Tao interview.
In one of them, Tao is talking about Gauss' approximation of number of primes. And there are people in the comments telling random things they know about prime numbers.
It's Terrance Tao and Gauss. Why do people do that?!
V D Satheesan was never the obvious choice for Kerala’s next chief minister, except to the voters.
There is a photograph in my head from the Kerala Literature Festival in 2024, of Satheesan standing in the corner of a tent at Kozhikode beach, asking me about a Bulgarian novelist. Read more: https://t.co/wK4oZpf4Dg
@_pallavighosh@Aakar__Patel This hike is whats called a death by a thousand cuts. Whoevet though that this is the best way to keep hiking by 3% every week is surely unfit to manage affairs of the economy
The Indian salaried class has been methodically stripped of every single inflation hedge available to it, one budget at a time.
You tried crypto. They slapped a 30% flat tax on gains, allowed no set-off of losses, and added 1% TDS on transfers.
You tried equities. Budget 2024 raised STCG from 15% to 20%, raised LTCG from 10% to 12.5%, increased STT on F&O, and also killed indexation for most other long-term capital gains.
You thought fine, I’ll diversify some savings abroad through LRS. They put 20% TCS on remittances above 10 lakhs for investments abroad.
You tried Sovereign Gold Bonds, because surely a government-issued, government-backed gold hedge would be the one clean instrument they would not mess with. Then Budget 2026 came along and removed the capital gains exemption for secondary market buyers.
And now the final insult.
The Prime Minister has publicly asked you to avoid buying physical gold for a year in the “national interest,” because gold imports use foreign exchange.
So let me get this straight. A middle class wagie earning in depreciating rupees, watching FD rates hover around 6.5% while real life inflation keeps eating his purchasing power, has now been told:
Crypto is taxed like a vice.
Equities are more expensive to hold and exit.
Foreign diversification gets hit with TCS.
SGBs are being wound down and tax-narrowed.
Buying physical gold is now unpatriotic.
Basically, every single exit from rupee depreciation has been systematically curtailed. You are expected to hold your savings in instruments the government controls, at returns the government sets, for a currency the government is rapidly inflating away.
Does this sound like Amrit Kaal to you?
Perfect comparison. Let’s finish it.
In 1967, when Indira Gandhi said “don’t buy gold”;
India was a 20-year-old nation, had just survived the 1965 war, faced severe drought, had near-zero forex reserves, and was still building institutions from scratch.
In 2026, when Modi says “don’t buy gold”;
India is a 79-year-old nation, with the world’s 5th largest economy, sitting on a ₹600+ lakh crore GDP, after 12 years of the most resource-rich, majority-backed government in Indian history.
You just proved that Modi has governed a mature, powerful India to the same crisis point as a newly born nation in 1967.
Congratulations. That’s the most brutal self-own in BJP IT Cell history. 🤡
Perfect comparison. Let’s finish it.
In 1967, when Indira Gandhi said “don’t buy gold”;
India was a 20-year-old nation, had just survived the 1965 war, faced severe drought, had near-zero forex reserves, and was still building institutions from scratch.
In 2026, when Modi says “don’t buy gold”;
India is a 79-year-old nation, with the world’s 5th largest economy, sitting on a ₹600+ lakh crore GDP, after 12 years of the most resource-rich, majority-backed government in Indian history.
You just proved that Modi has governed a mature, powerful India to the same crisis point as a newly born nation in 1967.
Congratulations. That’s the most brutal self-own in BJP IT Cell history. 🤡
@ravihanda So the FII’s who are selling and buying USD at 95 to invest in US, Taiwan and China are stupid to short INR ,& park assets in USD assets? The point being INR for long term investors is a perinnial depreciating currency, and makes sense to move out to better non INR risk asset
@HartoshSinghBal@sanjayuvacha Yaar hartosh, itna hi gyaan hai tojhe toh khud apni party khol aur election jeet le. Stick to cookery shows or film reviews, this politics is way beyond your abilities or intellect. Muft ki gyaan