One year ago, the GENIUS Act became law. The GENIUS Act was an important first step in securing the dollar’s dominance, but we must capitalize on that momentum if we are going to cement America’s legacy as the crypto capital of the world. Let’s get the Clarity Act done!
A clerk earning ₹30,000 a month can freeze your ₹50 lakh property file for a year over a missing comma. The lowest-paid person holds the most power over your paperwork, and nobody above him wants that changed. @Grok
India genuinely needs to stop the culture of worshiping people in a government position
They are there to provide service to public not the other way around 🤦♀️
Criticise me as much as you want for saying this, but this is the first time the people of Tamil Nadu have genuine hope that corruption can be eliminated from public life.
No one ever had such hope before.
In the last two months, the government has convincingly demonstrated the genuineness of its intention in this regard.
There is no need to blindly believe or give up healthy skepticism.
Opportunities like this do not come often in politics.
As public, we should work with the government to make this mission successful.
I genuinely don’t understand the point of charging GST on Educational courses
Imagine paying ₹5,00,000 for a course
And then having to pay 18% GST as ₹90,000 🤦♀️
Education should be tax free
If the market closes around break-even or in the green despite the news of Saylor selling, that's super bullish.
Patience. Confirmation first. Risk management above everything else.
The average re-elected Lok Sabha MP's assets grew from ₹15.76 crore in 2014 to ₹33.13 crore in 2024, a 110% increase, largely tracked to real estate appreciation.
On the other hand: more than 100 members of Congress (in the US) have made around 10,000 stock trades each year since at least 2021. And they tend to beat the market.
In simple words: American politicians invest in stocks.
Indian politicians invest in Real Estate.
Therefore:-
> Land remains a great investment in India.
> Stocks remain a great investment in the US.
When incentives are aligned, returns find a way to compound.
Dear CM @actorvijay@CMOTamilnadu. I shall write about the 'patta' process in 1-2 days. More fire crackers Sir. 1. How I struggled for 2 years to get 'patta'. 2. How a 79 year old retd Tamil teacher is fighting for 10 years now to get a patta. Watch this space.
ஒவ்வொன்றாக வெளியே வருகிறது.
சபரீசனின் உறவினர் பிரவீன் கணேஷ் மட்டுமே சில ஆயிரம் கோடிகள் சம்பாதித்திருப்பார்.
இரக்கமின்றி நடவடிக்கை எடுங்கள் @CMOTamilnadu
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.
Bribing itself is not easy. It's too painful. One has to go through this suffering to understand this. Let me share some details around how the DTCP process works. This may hopefully help many who seem to have no idea of how these corruption networks work.
If @TVKVijayHQ wanted to make money, it was too easy for him to redirect the money flow towards his own people now. Instead, he chose to openly fight this out. I, one of the victims, have a sole responsibility to support this by coming out with the details. I really hope he is successful in this mission.
Many schools still run without full DTCP approval/compliance. The more they are not compliant, the more money can be extracted on continuous basis. No incentive for schools to come out and be compliant. Instead, the opposite is true.
In our school, we had a goal of making it 100% compliant in all aspects and started the DTCP approval process. I was given the responsibility to take care of the process.
I've interviewed 4 agents/middlemen over 6 months to decide who we go with. We've gotten offers from 80 Rs to 110 Rs per sqft. Most often it falls in the higher end of this spectrum based on experiences I gathered from experienced folks who have gone through this process.
Price alone is not sufficient to pick the agent. We need to evaluate the agent's reach to power, his experience in handling previous schools, etc. Finally, picked one to pay 65L total.
Building approval is finally given by the local rural/town authority. But the process is longer. The application has to go through the approval process first to the district office.
If the built-up area is larger, then the application is forwarded to the Chennai head office for technical concurrence. This is where the famous PF is collected.
I am still puzzled why a Chennai office is more qualified than a district office to verify the so-called technical details. Can't a district-level officer verify as per the norms? I know this is a novice question, as we know why things are structured this way.
We give bribe payment first—only way to make progress in this long application process. Paid full (total of 65L) and the application is stuck for months in the Chennai office. Can't rely on the agent for everything, as the stake is too high for me. Money was given, no response from gov, I need to answer other trustees.
After several months of waiting, I had to travel to Chennai and stayed in a hotel for a few days to get an appointment with the Chennai head.
I usually wear a dhoti. This makes it even more easy to ill-treat. Anyways, I waited patiently as I lost sleep for many days due to this.
Finally, about 2 minutes time to meet the GOD. I've begged explaining the financial state of the school, etc. Only one question was asked: "Was formality of #name# completed?" I said Yes. He asked me to leave after making a note.
This is how blatant the corruption network was. Officers behaved like gods as their political managers sought help from them to trace if money was properly paid for each application.
It was a hopeless time. I was fed up and never voted this time. Never imagined Tamilnadu people had a silent revolution in ballot boxes this time. hats off to them.
What I learned in the process is - money can travel alone to chennai for a fee - 3% through local agents deployed for this. This way, we avoid of the risk of carrying cash. 😢
As a keen political observer, I thought 1996-2001 and 2001-2006 were decent periods on corruption. After that, hell broke I guess. It was a non-stop nightmare until Mr. Vijay struck down this trend. Somehow I feel very positive that 2026-2036 will be great for TN and has a potential of truly a model state for India. I beg Mr. Vijay not giving up this "corruption free state of TN" mission easily.
@imrajmohan@svembu@sekar_vembu If this process is decentralized/localized, the cost of this bribe may be very less even if we can't eradicate the corruption totally.
Yes. Several contractors told me this earlier and I had flagged this in my shows. Unwanted projects were conceived and executed only for this humongous commission. This is directly related to the huge debt piled up by the state.
To cover this up, they had the media, entire state machinery and the police to silence those who spoke about it.
Leading a CBSE school for close to 10 years has shown me just how painful it can be to deal with the government machinery.
There are days when you come very close to giving up; not because running a school is difficult, but because you're exhausted from constantly having to give. Even greed should have a ceiling. There has to be a point where they should just live & let live.
Every approval (fire, safety, kitchen, hostel, or any other clearance) seems to come with an expectation of money. Every government meeting happening in the proximity of our school, we are not requested but demanded to provide money, school vans, staff, and other resources.
An example: the FIDE Chess Olympiad in Chennai in 2022. We were instructed to provide a couple of our school vans for advertisement. Huge posters featuring our Chief Minister and the Chess Olympiad branding were put up on our SCHOOL vehicles. A month after the event, when we requested that they be removed, we were told either to leave them as they were or remove them at our own expense (which was not cheap).
What disturbed me even more was hearing government officials openly say that corruption has always existed in TN, but under the current government, they no longer have to hide it or fear getting caught. Those words came from their own mouths.
I'm neither for nor against any political party. But when you endure one blow after another for years, it's only natural to feel relieved, and even celebrate, when the wind changes direction & you finally sense the possibility of a fresh breeze.
I saw Sridhar Vembu’s tweet about money being demanded even to run a completely free school for rural children in Tamil Nadu.
As I shared earlier, the same thing happened to my friend when he wanted to provide high quality education free of cost to children in rural Tamil Nadu.
As I said, he has now completely given up the idea and shifted his focus.
Tamil Nadu Chief Minister Vijay’s primary focus is now eliminating corruption from public life in Tamil Nadu.
This is the need of the hour.
Our rural school Kalaivani Kalvi Maiyam, which provides completely free education to rural children, faced delays getting approvals from the previous government. Of course, significant money was demanded and we were told that was the only way, even if it is a completely free school.
After @TVKVijayHQ came to power, approvals have happened quickly and automatically.
I am very happy to appreciate this positive development in our state. Thank you Thiru Vijay Avl for this refreshing change🙏
India 2026:
Problem exists ❌
Solve problem ❌
Ban the platform ✅
Can’t catch paper mafias → Ban Telegram
Can’t stop scammers → Ban WhatsApp
Can’t fix roads → Ban cars
Can’t stop crypto → 30% tax + 1% TDS
NTA:
“The exam integrity remains intact.”
Also NTA:
“Please reappear for the exam.”
Coinbase is now live in India with direct INR rails.
Users across India can now seamlessly access global liquidity and institutional-grade execution at the lowest total cost of trading in the market.
Making access to the future of finance easier than ever.