rajiv malhotra

[rajiv malhotra @hcpl2000]

lo ji...new style of Punjab getting recognised globally!

[Shashank Mattoo @MattooShashank]

BREAKING: An Indian police chief demanded $400,000 from a family in Los Angeles, say U.S. authorities

He threatened to frame false murder charges against their family if they didn't pay

America will seek his extradition from India

[rajiv malhotra @hcpl2000]

r u serious!

[GURGAVIN @gurgavin]

ALL 1 YEAR SPACEX PRICE TARGETS ARE HERE AS THE QUIET PERIOD ENDED TODAY $SPCX

RAYMOND JAMES $800
MORGAN STANLEY $300
DEUTSCHE BANK $255
OPPENHEIMER $250
CANTOR FITZGERALD $246
BERNSTEIN $239
BANK OF AMERICA $235
WELLS FARGO $230
RBC $225
JP MORGAN $225
UBS $210
GOLDMAN SACHS $205
NEEDHAM $200

CURRENT PRICE $150

[rajiv malhotra @hcpl2000]

hmmm...here we go again.

[Vikas Vij @TheClubJunto]

GCCs Pause Deputations Amid Tax Bullying

GCCs with $100B forex, 24L jobs, FDI are India’s rising star. Fin Min dragged them to court after Tax Tribunal ruled in GCC favor.

How to Cut the Branch You’re Sitting On?

a. GCCs in India are delivering $98.5B annual forex revenues (FY26), employing 23.6 lakh white collar workers, bringing in fixed capital as FDI, and paying taxes in India.

Over 46% of Fortune 500 firms already operate a GCC in India. It is emerging as the crown jewel of India’s services sector, even as IT industry ($150B revenues) faces de-growth.

b. Employee Deputation (Secondment): The global parent company of a GCC regularly sends its top foreign experts or senior executives to train local teams and transfer tech know-how. These foreign employee deputations are usually for a few months to 1 or 2 years.

c. The Dispute: The GCC in India pays the foreign employee’s salary and expenses while they are deputed in India. The parent company (HQ) sees this as an internal employee expense because no external commercial service is being bought or sold.

d. India’s Revenue Department under the Finance Ministry says that this is not just an internal transfer. It argues that the foreign parent company is a third-party agency providing “technical services” to its Indian unit. So, they demand 18% GST on the services rendered.

e. This tax dispute case began with EY, who won against the Revenue Department as the Income Tax Appellant Tribute (ITAT) ruled in favor of EY. The revenue department then moved the Delhi High Court, which has now reversed the ruling of ITAT, and ruled in favor of FinMin.

f. High Court judgement has created uncertainty for GCCs. Some GCCs have paused FY27 foreign employee deputations as they are worried about getting hit with large tax bills, while others are exploring their options.

g. Tax experts say the bigger risk is if the ruling is upheld and applied more broadly, GCCs in India may be seen as “Permanent Establishments” (PE) for the global parent. That would expose GCCs to 35% tax + surcharge and cess.

Tax Terrorism Hits FDI

a. Vodafone, Cairn Energy, and Vedanta were hit with billions of dollars in retrospective taxes (starting in 2012). All three took India to international arbitration and all three won.

Government of India withdrew retrospective taxation only in 2021 after thorough reputational damage was done and FDI inflows were hit.

b. India’s Net FDI inflows have become negligible in the last five years. Gross FDI inflow in FY26 was a massive @ $95B, but investors pulled out $87B out of India during the same year. So, net FDI was $8B only.

c. India’s problem is not attracting FDI. India’s problem is that it fails to retain FDI. Investors simply pack up, sell their stakes, and take their core capital home (not just repatriate profits).

d. “Net FDI” inflows are still slightly positive only because of the global accounting rule, which says dividends (profit sharing) and royalties (paying the parent for tech/brand) are recorded in the Current Account (not treated as FDI).

e. So, ignoring the accounting entry for a moment, if we calculate everything leaving India (investors pulling out capital + dividends + royalties), then the real balance sheet is as follows:

For every $1 of fresh foreign money entering India, $1.50 is flowing back out.

Here is the trend in the last 12 years:

Outflow Per $1 Fresh Inflow

2014-2018:
56 cents left the country

2018-2022:
70 cents left the country

2022-2026:
$1.50 left the country

NOTES:

1. When looking strictly at “fresh cash” inflows, India’s long-term “Real FDI” into manufacturing (not financial FDI, which has nothing to do with nation-building) has actually declined over the above-listed three 4-year periods.

2. RBI has made every tactical move possible to strengthen the Balance of Payments. Even crude prices are back to pre-war levels. Yet, the rupee has made no meaningful recovery.

3. Even with 18% of the world’s population, India’s failure to capture long-horizon foreign capital is the central reason behind India’s loss of economic momentum in recent years.

ENDQUOTE

“What India needs is ease of doing business.” – Rakesh Jhunjhunwala, Oct 1, 2020, Interview to Nikunj Dalmia

@arabicatrader

[rajiv malhotra @hcpl2000]

lo ji...almost horse's mouth!

[The Kaipullai @thekaipullai]

One Very Senior Railway bureaucrat's kid posts on reddit on how his parents who are Gazetted officers at HAG+ level (Higher Administrative Grade)

1. Misuse ticket booking systems and confirm tickets on any route, any train, for friends and family using VIP quota.
2. Misuse Saloon cars for personal purpose, though it is available only for official inspections. In his words, they have used them for personal trips, birthdays, vacations, with personal cooks and servants
3. Have made a phone call and the train they are travelling on gets priority, have helpers and attendants fawning over them and receiving them at stations
4. Misuse VIP quota in Railway hospitals and get direct instant, appointments, where B,C and D class workers have to wait in line for 4-5 hours to see a doctor.
5. Even managed to get him a job as a Special Class Railway Apprentice thru UPSC. But he left it within a year. Again his words.
6. Openly says his family has accumulated enough wealth for 10 generations and the guy who wrote this is now in Germany having fun

And the best part is, whom does he blame for all of this?

Us the common people.

Because, in his words, "You People don't even want to change it. You happily accept this slave mentality"

Also he says, "The common man himself is enabling the system that exploits him. We don't force good governance through criticism and accountability"

Apparently it is our fault that his family is corrupt.

Apparently we are hypocrites, for we criticize but do nothing to change it.

I guess now we are to blame for Bureaucratic Corruption, inefficiency, power tripping and incompetence too.

Read this very enlightening post on how a child of a high level bureaucrat thinks. I know it doesn't represent everyone, but it sure gives a glimpse on their thought and attitude.

https://t.co/eIvF97Z14J

[rajiv malhotra @hcpl2000]

that is so required to kickstart the real economy ! maybe not erase completely, but erase in half😄

[Alok Jain ⚡ @WeekendInvestng]

India real estate cannot imagine this yet

[rajiv malhotra @hcpl2000]

glad to see u respond. I was not affected but many were. You should see Gates 20 & 21, T2 Delhi

[IndiGo @IndiGo6E]

@hcpl2000 Hi! We’re here to help please share your concern in detail, along with your PNR and contact number via DM, so we can look into the matter and assist you further. Thanks. ~Nidhi
https://t.co/WfT1Gae1rO

[rajiv malhotra @hcpl2000]

do not bullshit , sir. Do u know the ground reality?

[𝙈𝙪𝙧𝙩𝙞 𝙉𝙖𝙞𝙣 @Murti_Nain]

BREAKING 🔥

दो महीने पुराने मोदी सरकार के फैसले ने देश के उद्योगों की कमर तोड़ दी है और चीन की कंपनियों को मालामाल कर दिया है।

मोदी सरकार ने स्टील निर्यात पर से क्वालिटी कंट्रोल को हटाया था, यह कहकर कि यह छोटे उद्योगों के लिए बहुत अच्छा होगा।

चीन की स्टील कंपनियों ने स्टील बाजार को अपने घटिया और सस्ते उत्पादों से पाट दिया है। अब छोटे उद्योगों का माल कोई खरीद ही नहीं रहा है।

मोदी सरकार ने यह फैसला किसके लिए लिया, अब यह समझ आ रहा है। सरकार अब अपना फैसला वापस नहीं ले रही है।

#ModiGovernment #SteelIndustry

[𝙈𝙪𝙧𝙩𝙞 𝙉𝙖𝙞𝙣 @Murti_Nain]

BREAKING 🔥

दो महीने पुराने मोदी सरकार के फैसले ने देश के उद्योगों की कमर तोड़ दी है और चीन की कंपनियों को मालामाल कर दिया है।

मोदी सरकार ने स्टील निर्यात पर से क्वालिटी कंट्रोल को हटाया था, यह कहकर कि यह छोटे उद्योगों के लिए बहुत अच्छा होगा।

चीन की स्टील कंपनियों ने स्टील बाजार को अपने घटिया और सस्ते उत्पादों से पाट दिया है। अब छोटे उद्योगों का माल कोई खरीद ही नहीं रहा है।

मोदी सरकार ने यह फैसला किसके लिए लिया, अब यह समझ आ रहा है। सरकार अब अपना फैसला वापस नहीं ले रही है।

#ModiGovernment #SteelIndustry

[rajiv malhotra @hcpl2000]

The manufacturer's conundrum. The last laugh will be the producers hopefully....

[M @nyse_min]

$MU CEO, 실질적으로:

"10년 이상 동안 $AAPL은 우리 칩을 $5에 사서 금속 상자 안에 붙여넣고, 소비자에게 $99 업그레이드 가격으로 팔면서 우리가 $7을 받으려는 시도를 비웃었어요.
이제 우리는 그들에게 $50을 청구하고 있는데, 그들은 돌아서서 고객들에게 $250 가격 인상을 했네요."

[rajiv malhotra @hcpl2000]

lo ji

[Swati Chaturvedi @bainjal]

Only ₹ 99 lakh subsidy for Kheera the ⁦@PMOIndia___ mantri should have gone for the full crore. Remember Na khaunga na khaney doonga

[rajiv malhotra @hcpl2000]

do we have a doubt !! God's Own Appointment hai.

[Insightful Geopolitics @InsightGL]

-Meet Deputy Commissioner (DC) of Kishtwar Pankaj Kumar Sharma (JKAS)
-Culprit behind the illegal seizure of highly secret & confidential com eqpt along with special military operations vehicles
-He not only overshot his jurisdiction but also showed immaturity & poor judgment in understanding the security environment in Kishtwar
-His interference in #IndianArmy road opening procedure compromised security of locals
-Such incompetent people will keep growing in the system jeopardizing the regional & national security

#JammuAndKashmir

[rajiv malhotra @hcpl2000]

Terminal 2 at Delhi. What a mess it has become. !? Indigo closes the departure gate 1 hr before the flight. Have seen scores of harassed passengers not knowing what happened 😀Someone get some order here…

[rajiv malhotra @hcpl2000]

Let us know when u know !!😃😃😃

[Rajdeep Sardesai @sardesairajdeep]

I have a VOTER ID card, but NO, it is not proof of citizenship.
I have a AADHAR card but NO, it is not proof of citizenship
I have a PAN Card, but NO, it is not proof of citizenship.
I have a PASSPORT but NO, it is not proof of citizenship.
So who will give me a CITIZENSHIP CERTIFICATE? A govt bureaucrat?
My question is simple: is the problem with the citizen, or with the Mai Baap State itself?😡

[rajiv malhotra @hcpl2000]

chalo ji....same thing again and again !

[Mr Sharma @sharma_views]

INDIAN EXPRESS DROPS A LAND BOMB ON BJP CM 🔥

After Mohan Yadav became Madhya Pradesh CM, his family and real estate companies reportedly bought at least 137 plots spread over 168 acres in and around Ujjain.

This is the same Ujjain being reshaped for Simhastha 2028 with highways, road widening, townships, riverfront projects, medical city, IT park and new commercial zones.

The most damning part is this: out of the 168 acres bought after he became CM, 111 acres are reportedly located along roads announced by CM Mohan Yadav himself.

His family already had land. But after Dec 2023, the land buying saw a sharp jump, right when Ujjain’s development map started turning into a goldmine.

Indian Express repeatedly asked the CM for answers. He stayed silent.

This is how BJP turns religion into a business model 😡

[Aria Westcott @AriaWestcott]

If you enjoyed this, please:

Like, Bookmark and Repost the first tweet to your audience.

Follow @AriaWestcott for more like this.

[rajiv malhotra @hcpl2000]

Ankit, I understand. This is most prevalent in home staff. I wonder what could be the issue !?

[Ankit Pandey @iamankitpande]

Today, our cook aunty came home and said, "Bhaiya, kal se nahi aaungi."

She has worked with us for 4 years.

Every year, I increased her salary by 15%. Her current salary is ₹15,500 per month.

On Holi, Diwali, Rakshabandhan, and Navratri, there were gifts, sarees, sweets, bonuses, and cash. Even when she was away for 10-15 days, I never deducted her salary.

I thought relationships built over years meant something.

I asked, "What's the issue?"

She said, "I'm getting a higher salary somewhere else."

I replied, "I'll match it."

She smiled and said, "No bhaiya, I've already taken an advance there. You find a new cook."

And just like that, a 4-year chapter ended in a 2-minute conversation.

The truth is, people don't always leave because you treated them badly. Sometimes they leave because they believe something better is waiting for them.

But today, I learned something.

The value you place on a relationship and the value someone else places on it can be very different.

Have you ever invested years into someone, only to realize you meant more to them than they meant to you?

[rajiv malhotra @hcpl2000]

I think the single biggest failure of the India industrialization push over the last 3 decades is the unviable land and building prices ! Maybe the highest in the world. Money costs are second…

[rajiv malhotra @hcpl2000]

Recent incident at Chandigarh IXC ( they really are bad !!). They ask me a AI internal code in my booking for explanation of payment for the ticket. Come on...
Then the Business Class check in flunky talked to 2 people for an upgrade ( clearly available ).Platinun status 2 hoots

[rajiv malhotra @hcpl2000]

Ground staff of Air India suck !! They are so so bad that Indigo is miles ahead 😀. Ground staff give a damn for status, want to weigh even your "wrist watch" .

[rajiv malhotra @hcpl2000]

Ground staff of Air India suck !! They are so so bad that Indigo is miles ahead 😀. Ground staff give a damn for status, want to weigh even your "wrist watch" .

[Priyesh Sharma @Kenu73]

Air India Story!

A tale of how the company rewards for loyalty and why its my favorite airlines by miles!

Yesterday when I was flying from Amsterdam to New Delhi, I choose to upgrade myself at the counter because I found the deal to be sweet!

The in counter experience was very mid, these services were being handled by Maharaba and not Air India directly, they didn't have a payment machine to process payment. I had already given my luggage but now I was told that I will have to go to a separate location, pay and come back with the receipt and once I started to go, I was asked to take the luggage with me. I requested, its heavy and will be a long to and fro, but the check in attendant denied stating as per Security protocol it's not allowed.

I acknowledged and took my baggage out, went to the separate area, which was at a different location, paid came back, lost my place in the queue and this time found a different attendant, gave her the receipt

and

she asked which cabin?
I said business and she took that receipt, came back and said

"you will get food of economy".

I asked why wasn't this shared in advance? Or before I paid?

She responded with a straight face, that's the rule.

I again cross questioned, I understand but this is not my first flight with Air India.

She respond, I don't know that's the rule.

For the context, if Air India guys are handling your check in process, they clearly state if pantry is included or not and I have been fortunate enough to have some staff's who have arranged pantry even when it was not available/scarce but all these at their own goodwill and I have always been provided the disclaimer.

It was absent this time, I stopped the argument and understood there's no point talking about this with that person anymore, she isn't even from Air India.

Now once I boarded the flight, Air India's steward Puneet Kapur came to my seat within merely 5 minutes of boarding, greeted me personally and acknowledged the Gold status and asked do let us know if there’s anything I can do for you.

That's when I shared my experience about not being informed about the catering.

He was extremely apologetic, he asked me about when did it happen and said, Mr Sharma, please leave this on me and enjoy the flight. His actual worlds "Sir yeh sb aap mujh par chod do"

Well, he showed me what's customer service is supposed to be, took extremely good care during the flight. Not just him even the other staffs were warm and he made sure to visit in between and check if everything is alright, he most definitely didn't have to but he did.

Kudos @airindia for having staffs like him, please pass on this appreciation to him and pat yourself at back for the amazing experiences you have been giving to me.

I forgot the attendant's name who was catering to me throughout the flight, but even she was a jewel, with such high standards of service.

I have been a fan, loyalist for the longest period and I hope to stay the same. I am confident of Air India's strong future and I will say it, no Airlines values the status as much as Air India does.

[rajiv malhotra @hcpl2000]

anyone else feels this is crazy !?

[rajiv malhotra @hcpl2000]

How stupid can @united get!? All backpacks under the seat is stupid and a flight safety risk...Think of an emergency evacuation and all straps getting in peoples feet. Come on guys ..wake up