FIIs relentlessly withdrawing money is no joke. Going forward, we can witness a fairly serious economic crisis.
> Retail eventually runs out of patience.
> DII flows slows down.
> We go long-term sideways.
It is easy to say: change tax, do this, do that.
I'm sure all these options would already been explored.
Changing taxes do NOT bring FIIs back.
FIIs invest for growth.
Growth comes from fair economic competition.
Not monopolization of businesses.
Look at the US: NVIDIA itself is helping IREN, Nebius, ServiceNow, Coreweave etc. 1 person is not eating everyone's lunch. They are grooming the entire ecosystem. Competing. And, winning.
Somewhat fair competition is the basic essence of capitalism. It acts as a catalyst for building a winning ecosystem.
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PM Modi warns "return of massive poverty".
Honestly, the time for criticism is over.
We need to prepare for what happens next:-
1) Panic selling is not the solution. Don't panic.
2) If you can diversify, please diversity; especially new money you are making.
3) Buy some gold for hedging against INR fall.
4) Don't be pro or anti BJP/Congress. It gets us nowhere.
5) Policies will evolve at their own pace. Our goal is to survive. And, let our wealth survive.
6) Debating people on nationalism, babu culture etc is a sunken ship. Avoid.
7) Do simple things well: if you can use LRS, move some money abroad, do it. It is legal, regulated, no problem
8) Prepare: if you are in a volatile job, expect disruption. Try to save 6 months to 18 months of expense money. This is survival capital.
9) Be practical. No one is going to foot our bills or save our investments, we gotta do it ourselves.
10) Learn everything about: starting businesses, money management, etc. I am doing the same.
Our skills and knowledge are our most durable assets, for ourselves and for saving our future generations.
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1) Indian IT DOES NOT innovate.
2) Indian Manufacturing lacks capital and CAN'T innovate.
3) Biggest capitalists in India have NO NEED to innovate.
They survive on government patronage. And, can't compete globally. India is their only hunting ground.
This is a fact. Like it, hate it, bash it. When the focus is on religion, freebies, hate-mongering, it doesn't lay the basic groundwork for any innovation.
Give it 5 more years, India will feel 20 years behind due to speed at which AI is moving.
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It's been a busy past few weeks... SO busy we may have forgotten to mention:
NotebookLM now supports DocX as sources! 🎉
We are working on adding even more source formats (CSV is at the top of our list). What should be next?
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Today’s Maharashtra Times. There is almost NO road left in Pune that is without potholes, or randomly put speedbreakers that are very good at breaking people’s backs. @PMCPune has GOT to be one of the worst performing municipal corporations in the country! Cc @AjitPawarSpeaks@mohol_murlidhar@ChDadaPatil@Medha_kulkarni@SidShirole
Ban Bike Taxis
Ban Cab Sharing
Ban Car Pooling
Fix Cab Fares at Mafia defined rates
Push E20 fuel for all vehicles
Scrap Good condition vehicles if old
Unplanned development & 0 maint. of infra!
Tax the salaries class at par with Europe
Yup that’s how the country is developing
🚨 BREAKING NEWS: A devastating plane crash occurred at London Southend Airport, UK.
A Beechcraft Super King Air light aircraft crashed and exploded into a massive fireball shortly after takeoff, Eyewitnesses described a horrific scene of black smoke and flames, prompting a swift response from Essex Police and multiple fire and ambulance crews, including an air ambulance.
The plane, believed to be en route to Paris, carried an unknown number of passengers.
With profound sorrow I confirm that Air India Flight 171 operating Ahmedabad London Gatwick was involved in a tragic accident today. Our thoughts and deepest condolences are with the families and loved ones of all those affected by this devastating event.
At this moment, our primary focus is on supporting all the affected people and their families. We are doing everything in our power to assist the emergency response teams at the site and to provide all necessary support and care to those impacted.
Further updates will be shared as we receive more verified information. An emergency centre has been activated and support team have been set up for families seeking information.
- N. Chandrasekaran
Chairman, Air India
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Google just dropped the most revolutionary Android update ever.
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