I have always said that India is an extraordinary reservoir of global human capital.
Here are the Indian surnames (@uncorrelated_) - they are about equally Brahmins and Vaishyas.
@YTKDIndia I visited Kanpur in 2023 after 12 years and found almost no change. A timeframe in which all of India has changed for good or bad, Kanpur has remained in 2010 except Metro.
@Razorpay is on a mission to limit the acceptance of @DinersClub cards. It has been a repeated pattern where if PG is razorpay, Diners is rarely accepted. You may say it is choice of merchant but it can’t be coincidence again and again. @HDFC_Bank
@IndianTechGuide This is based on address registered with IT department. A lot of Bangalore Hyderabad and Mumbai earners are classified in other states.
Not a very quality data due to weak correlation with reality.
Thank You @ELCITA_IN for converting ECity to BCity.
There are 27 speed breakers in my 3km trip from office to home.
Out of which 7 are rumble strips which is actually 6 speed breakers for a 2W. Effectively 62 bumps in 3000 meters.
@nsinghal211 Very much possible. Put it in FD and work on reducing the remaining lifespan to two and a half year. He will have 3 lakh per month for rest of his life.
Dear @officialepfo,
A close friend of mine has been unemployed for more than 12 months. He has been trying to withdraw his EPF and he has got rejected 3 times now.
He has only one UAN. Everything is linked correctly. After 2 rejections, he tried linking another bank account. Re-KYC done for new bank account.
Nothing seems to work. He is feeling so helpless and needs his own money desperately.
Why is a tax paying citizen not able to withdraw his own hard earned money? We talk about digital, but one is finding it so difficult to withdraw their own money.
Has anyone faced issues like this?
I need support from my audience to provide inputs & share widely until my friend is able to get some support to withdraw his own money.
#FI
Suppose that once a week, ten men go out for beer and the bill for all ten comes to £100.
If they paid their bill the way we pay our taxes, it would go something like this:
The first four men (the poorest) would pay nothing.
The fifth would pay £1.
The sixth would pay £3.
The seventh would pay £7.
The eighth would pay £12.
The ninth would pay £18.
And the tenth man (the richest) would pay £59.
So, that’s what they decided to do.
The ten men drank in the bar every week and seemed quite happy with the arrangement until, one day, the owner caused them a little problem.
“Since you are all such good customers,” he said, “I’m going to reduce the cost of your weekly beer by £20.”
Drinks for the ten men would now cost just £80.
The group still wanted to pay their bill the way we pay our taxes.
So the first four men were unaffected.
They would still drink for free but what about the other six men?
The paying customers? How could they divide the £20 windfall so that everyone would get his fair share?
They realized that £20 divided by six is £3.33, but if they subtracted that from everybody’s share then not only would the first four men still be drinking for free but the fifth and sixth man would each end up being paid to drink his beer.
So, the bar owner suggested that it would be fairer to reduce each man’s bill by a higher percentage.
They decided to follow the principle of the tax system they had been using and he proceeded to work out the amounts he suggested that each should now pay.
And so, the fifth man, like the first four, now paid nothing (a 100% saving).
The sixth man now paid £2 instead of £3 (a 33% saving).
The seventh man now paid £5 instead of £7 (a 28% saving).
The eighth man now paid £9 instead of £12 (a 25% saving).
The ninth man now paid £14 instead of £18 (a 22% saving).
And the tenth man now paid £49 instead of £59 (a 16% saving).
Each of the last six was better off than before with the first four continuing to drink for free.
But, once outside the bar, the men began to compare their savings. “I only got £1 out of the £20 saving,” declared the sixth man. He pointed to the tenth man, “but he got £10!“
“Yeah, that’s right,” exclaimed the fifth man. “I only saved a £1 too. It’s unfair that he got ten times more benefit than me!”
“That’s true!” shouted the seventh man. “Why should he get £10 back, when I only got £2? The wealthy get all the breaks!”
“Wait a minute,” yelled the first four men in unison, “we didn’t get anything at all. This new tax system exploits the poor!”
The nine men surrounded the tenth and beat him up.
The next week the tenth man didn’t show up for drinks, so the nine sat down and had their beers without him.
But when it came time to pay the bill, they discovered something important – they didn’t have enough money between all of them to pay for even half of the bill!
And that’s how it works.
Tax them too much, attack them for being wealthy and they just might not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.
For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible.
@GabbbarSingh It took just ONE term for Lalu to obliterate Bihar's economy.
Bihar was richer in 1990 when Lalu took power than it was in 2005 when his family was ousted.
Bihar had a PCI of $174 in 2005, half of war torn countries like Somalia/Afghanistan!!!