Let me also explain:-
1) We used to have a high savings rate. In the last 10 years, this has gone down.
2) Why we had high savings rate? because people saved in GOLD. This protected them against INR fall.
3) INR has been a massively weak currency in the last 10 years.
4) When people don't save in Gold/Hard assets. This money most moves into Banks or markets (via Mutual Funds).
5) Bank give haircuts to cronies. MF give exits to junior cronies.
6) So of course don't save in gold because we are as honest as Japan.
When it comes to traveling abroad: don't worry about that. In the last 2 years, we have lost 20-30% to even Thai Bhat and Malaysian Ringgit.
So slowly Indians can't even travel to South East Asia anymore (one of the cheapest International destinations).
It is amazing see all these crazy macro explanations.
Thank you @CMofKarnataka@siddaramaiah for ordering to probe the irregularities in housing Co-op society.
We urge you to kindly give the same instruction to CS to probe in HEALTH & FAMILY WELFARE HOUSING SOCIETY which has collected money from 2700 Members for more than 10 years
4th day of my #ClimateFast to #SaveLadakh under #6thSchedule of Indian constitution.
You all can join me tomorrow 30th Jan, last day of my fast. You can organise a 1 day fast in your area in solidarity with #Ladakh & ur own surroundings
#climate#ILiveSimply
@AshwiniVaishnaw@RailMinIndia retiring rooms at KSR Bengaluru has been not available on the online platform for at least the last few months. They make it available only when you go there for 2-3 times the regular price on the online platform. Kindly have a look into this.
@AmitShah Ji, Welcome you to Karnataka 💐
We would like to bring it to your notice that 1000's of Crores scam is happening in Karnataka CoOp Housing sector
Pl look into it on priority & help people who have put in their hard earned money
@CMofKarnataka@BSBommai@STSomashekarMLA
@Steelcase the frustrating part is, I am not able to post a feedback with lower rating on the website. You tend to conveniently ignore it. Have tried 3 times. This is seriously sick!!!
@Steelcase, for a recently bought, think chair gas lift isn't working and then I get to know that it takes 7 weeks to get gaslift shipped to India. Such a premium brand and such pathetic service!! Never ever will go for @Steelcase again. You owe me for shoulder pain for 2 weeks!!
Wrote this piece for @firstpost about my 2020 and my journey so far! Huge shoutout to @smritikiran & @inkedinwhite & the whole team at Firstpost for letting me be a part of this! ❤️ #my2020#Scam1992
https://t.co/BNIcYhuKxD
🏃♀️⚡️ TensorFlow runs faster than ever on Arm Cortex-M MCUs.
Arm has worked closely with the TensorFlow team to develop optimized versions of the TF Lite kernels that use CMSIS-NN to deliver blazing fast performance on Arm Cortex-M cores.
Learn how ↓ https://t.co/veHe2olO7F