Dear @narendramodi and @nitin_gadkari, I urge you to heed science, reason, and the concerns of ordinary Indians.
Here, I explain why India’s E20 policy hurts vehicle owners, water resource, and the environment; and helps the politician-middleman, the sugar, and the liquor lobby:
I travel across Europe by trains. People mind their business, read books, or the ones listening to music have their headphones on. Once in a while all you can hear is an infant crying.
I'm right now in a Vande Bharat train. Literally 30% passengers are watching YouTube or insta reels on their speaker phones. Ringtones so loud that even the next coach can hear it. People screaming and not actually talking.
Why can't we a little bit more civic, a bit more civilized. Why can't we understand that somebody's entertainment can be a nuisance for others. Same behaviour we carry abroad and then get called out.
When will we learn????
"E20 fuel delivers LOWER mileage than regular petrol. India saves on oil imports, but vehicle owners are silently paying the real cost."
— ARAI’s controlled Lab Findings
Hardeep Puri said that ethanol is used in racing cars as well to defend his stand on E20. This is the Petroleum Minister's understanding of the issue. What can one even say to that!
First, race cars are specifically engineered to run on ethanol; therefore, it does not harm them. This is not the same as forcing E20 into regular cars that are not engineered to handle it. In non-compliant vehicles, ethanol will aggressively degrade standard rubber gaskets, plastic parts, and aluminum components over time.
Second, a racing engine is built to survive for only a few hundred miles before being stripped down and rebuilt by professional mechanics, who easily manage any fuel-induced wear. An average citizen, however, needs their car to last for over a decade. Running non-compliant engines on E20 will certainly not help achieve that.
Third, race teams use ethanol solely for a performance boost due to its high octane rating, not for fuel economy. For regular people, however, fuel economy matters immensely.
The only solution for E20 petrol is either to give Gadkariji's son a stake in Reliance oil or open a EV factory for him.
Else I don't see no other hope.
Or we can just pay a billion dollars a year as a ransom to sons.
I throw an open challenge to proxy pseudo Oil minister Nitin GadkariJi... Prove that E20 doesn't cause problems to vehicles and get it signed by Auto industry and Insurance companies.
#amitkilhor#kilhor#ethanol#e20#gadkariji
𝐍𝐢𝐭𝐢𝐧 𝐆𝐚𝐝𝐤𝐚𝐫𝐢 𝐣𝐢 𝐡𝐚𝐬 𝐭𝐰𝐨 𝐬𝐨𝐧𝐬 𝐍𝐢𝐤𝐡𝐢𝐥 & 𝐒𝐚𝐫𝐚𝐧𝐠 𝐚𝐧𝐝 𝐛𝐨𝐭𝐡 𝐚𝐫𝐞 𝐚𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐝 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐄𝐭𝐡𝐚𝐧𝐨𝐥 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬. The Niti Ayog rollout & implementation for Ethanol 20 blended cars was 𝟐𝟎𝟑𝟎, which was advanced to 𝟐𝟎𝟐𝟑-𝟐𝟓.
Despite the nationwide shift to E20 petrol, the large majority of vehicles currently on Indian roads estimated at over 80–90%, are not certified as E20-compliant. As we know most of the pre-2023 models were designed only for E10 or lower blends!
For most INDIANs, our vehicle is the second most expensive asset that we will purchase!
Hence:
Join us to protest againt this arbitrary and non transparent Ethanol blending policy at
• 𝐉𝐚𝐧𝐭𝐚𝐫 𝐌𝐚𝐧𝐭𝐚𝐫, 𝐃𝐞𝐥𝐡𝐢
• 𝟓𝐭𝐡 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟔, 𝟐𝐩𝐦!
#Ethanolscam BETA BADHAO YOJNA
𝐎𝐮𝐫 𝐜𝐚𝐫𝐬. 𝐎𝐮𝐫 𝐜𝐡𝐨𝐢𝐜𝐞. 𝐎𝐮𝐫 𝐫𝐢𝐠𝐡𝐭𝐬!
हमारी गाड़ी, हमारा अधिकार!
Appeal to every single investor
We need to act as a family
Let us start a movement for Indian investors.
While global markets continue to reach new highs, the Indian market is struggling to attract fresh participation. It’s time to make our voice heard.
We respectfully urge Finance Minister Nirmala Sitharaman to consider reducing STCG, LTCG, and STT to encourage investment, improve market sentiment, and strengthen India’s capital markets.
Every investor’s voice matters. Copy, share, and repost this message. Together, we can bring this issue to the attention of our policymakers.
A stronger market means a stronger India.
Use this hashtag with your post 🙏
#TaxReliefForInvestors
Respected @nsitharaman ji and @FinMinIndia,
Suggestion 3 of 3 for strengthening India's capital markets:
Securities Transaction Tax (STT) should be abolished.
STT was introduced as a simplified transaction tax to facilitate easier collection of taxes from capital market transactions. However, over time, it has effectively become an additional layer of taxation alongside other market-related levies.
A simplification measure should not evolve into permanent duplication.
In addition to brokerage, investors already bear multiple statutory and regulatory charges including exchange transaction charges, GST on transaction-related charges, SEBI turnover fees, stamp duty and STT.
Unlike income tax, STT is payable irrespective of whether an investor makes a profit or a loss. The investor pays the tax simply for participating in the market.
Capital markets play a vital role in channeling household savings into productive enterprises, supporting entrepreneurship, generating employment and strengthening India's economic growth. Transaction costs and multiple layers of taxation discourage participation, particularly among long-term retail investors.
India's equity markets have matured significantly since the introduction of STT. The time has come to review its original purpose and reconsider its continued relevance.
Abolishing STT would simplify market taxation, improve capital market efficiency and encourage greater participation in India's growth story.
Respectfully submitted.
Dear FM Madam @nsitharaman ji,
I have said it before. And I'll say it again. Loud & Clear. I hope you read this. My audience will repost this until it reaches the Ministry.
LTCG of 12.5% on Equities is one of the Lowest in the World.
But there are a few issues:
1. LTCG was ZERO from 2004 to 2018. STT was introduced to offset the Loss in Revenue. It incentivised long term Investors to Hold on Patiently and enjoy Long Term Returns. I believe that Step was something Golden and rewards Long Term Thinking. FM Madam should reconsider this. Keep STT. Abolish LTCG. Consider Long Term Investors as a Partner in Growth of India.
2. STT is already taken for every transaction. This is a tax. Again putting Capital Gain, especially on Long Term Gains is not Ok. This is my Opinion. STT is borne by the investor irrespective of Profit or Loss.
3. We are not against Paying Taxes. In fact, we all Pay Income Tax, Capital Gains Tax, GST, Excise, VAT, Tax on Dividends and what not. The problem is the Freebies which are Distributed during the Elections. This is not at all ok. We don't want a single rupee of our Capital Gains to be used for Freebies. Please.
I humbly request the FM Madam to Abolish LTCG on Equities. Make the Long Term Period 24 months instead of 12 months. You will see Patient Capital 👍 We need Patient Capital to Drive Markets. Incentivise Long Term Investing Mindset.
For Indian Investors like me, the Pain is lesser. We will continue to Create Wealth. But what about our FII brothers & sisters. They also deserve to get minimum returns in Dollar Terms.
I feel for the FIIs who have suffered due to declining Rupee and they still have to pay LTCG on Rupee Terms. Something the FM Madam and team should revisit.
I think that it is a good time to implement this. FII no longer control our markets. Domestic Funds are consistent and plenty. If FIIs leave, let them Leave with Head Held High. That is our Responsibility.
India Structually is Brilliant. Let's make it Tax Friendly as well.
Patient Capital will Flow More & Stay, if these Steps are Taken.
A Proud Indian Investor,
#FI
Capital gains tax shouldn’t exist.
I risk my money. I build the business. I make the investment. I do the work. I take the risk.
So why the hell should the government take a cut of my success?
They risk nothing. They create nothing. They just take.
Parasites. F’en parasites.