This is typical of everything India
One thousand KYC and still can’t stop bank or financial fraud.
Genuine businesses and ordinary people jump a 1000 hoops so that a paper trail helps a CYA principle!!
All success and good things happen because of “elected ministers” but everything bad is because of men/women “behind the minister”
Wow!
I like this deflection.
How babus harm Indian Engineers:
I ran a US based startup. My engineering team was in India. Not in Bangalore or Delhi, but scattered across small towns and villages around UP/Bihar/Assam.
They were some of the best engineers I have worked with anywhere. The only thing they lacked was the ability to speak English like someone who went to a Delhi private school. That one accident of birth kept them off the rosters of every shiny startup.
I turned that into an advantage. I go find them. And I pay them exactly what an English-speaking engineer in Bangalore would get, without making them move. Same code, same salary. English fluency was never the skill I was hiring for.
Now I wanted to give them what my US team members had: ownership. A real piece of what they were building. For a young dude from a village in Gonda or Chapra, that can be generational, life-changing money when we exit.
But I could’t.
The moment an Indian employee exercise their options (convert them to shares), without selling anything they get taxed on the paper gain as salary (I have heard it could be as high as 42%). For a private company, no buyer, no liquidity, no cash. But they get slapped with a tax bill, sometimes larger than their salary, on money they haven't earned.
So, if I gave them equity, the choice I wd have forced on those engineers was: pay lakhs out of pocket for shares they can't sell, or give up the equity.
In the US employees pay nothing until they sell, and if they hold long enough, they may pay almost nothing at all (federal).
I have heard that in India , there is a "deferral" now. But if my info is correct, it covers ~2% of startups. Like most other startups, mine wont qualify.
The fix is one line: tax the shares when they are sold, not when they are bought. Every developed country does it. India could do it tomorrow but it does not.
Why?
Due to babus (not Nirmala S).
All Muslims are converts.
All Christians are converts.
All Buddhists are converts.
Their ancestors were Hindus.
Sanatan Dharma is eternal.
The soul of Bharat is Sanatan.
I wonder if she will be able to pick on the nuance here. But then for people who are so proud to hear their own voices, these nuances wont matter.
So then.
Madam @navikakumar I’m aware comedy isn’t journalism. We are both funny, in VERY different ways. Here’s a fact, you posted asking people for their take. I responded with mine. Sometimes questions are followed by answers. I empathise, this seems like new territory for you. Anyway….imma bounce 🙏
Shameless...right.
For me the disappointment is bigger, because i held the TNM to a higher standard. This is a big let down.
I am a subscriber to NL. But TNM is a bygone story.
#TheBuckStopsHere with @GaurieD#NDTVExclusive | Is racism & stereotyping what masquerades as journalism in Norway?
Norwegian journalist Helle Lyng (@HelleLyngSvends) responds to questions on press freedom and racism in media narratives in Norway.
#WATCH | Oslo, Norway | MEA Secretary (West) Sibi George responds to question by reporters from Norway - "Why should we trust you?" " Will the PM take critical questions from the Indian Press?"
Is there a pattern emerging?
Delhi based channels have been very active in TN lately.
Seeing a lot of Godi Media reporting, in favour of the current govt. A lot of kar narratives and or propaganda of the ordinary.
Who is the Akshay Kumar of TN that will interview Vijay ??
Superstar Rajinikanth addresses a press conference clears the air on his role in brining DMK and AIADMK together
I am not envious of Vijay. I met MK Stalin after his defeat as a friend says #Rajinikanth