Being a nationalist in a diverse country like India means you unknowingly and naively be an accessory to destabilizing the country. Respect federalism, state and individual rights and you would get a beautiful union that stays together on mutual respect and grows faster.
How babus harm Indian Engineers:
I ran a US based startup. My engineering team was in India. Not in Bangalore or Delhi, but scattered across small towns and villages around UP/Bihar/Assam.
They were some of the best engineers I have worked with anywhere. The only thing they lacked was the ability to speak English like someone who went to a Delhi private school. That one accident of birth kept them off the rosters of every shiny startup.
I turned that into an advantage. I go find them. And I pay them exactly what an English-speaking engineer in Bangalore would get, without making them move. Same code, same salary. English fluency was never the skill I was hiring for.
Now I wanted to give them what my US team members had: ownership. A real piece of what they were building. For a young dude from a village in Gonda or Chapra, that can be generational, life-changing money when we exit.
But I could’t.
The moment an Indian employee exercise their options (convert them to shares), without selling anything they get taxed on the paper gain as salary (I have heard it could be as high as 42%). For a private company, no buyer, no liquidity, no cash. But they get slapped with a tax bill, sometimes larger than their salary, on money they haven't earned.
So, if I gave them equity, the choice I wd have forced on those engineers was: pay lakhs out of pocket for shares they can't sell, or give up the equity.
In the US employees pay nothing until they sell, and if they hold long enough, they may pay almost nothing at all (federal).
I have heard that in India , there is a "deferral" now. But if my info is correct, it covers ~2% of startups. Like most other startups, mine wont qualify.
The fix is one line: tax the shares when they are sold, not when they are bought. Every developed country does it. India could do it tomorrow but it does not.
Why?
Due to babus (not Nirmala S).
Our Electoral democracy is compromised in multiple ways:
A lapdog ECI which is selectively removing & adding voters thru a corrupt & non-Transparent SIR.
EVMs which increasingly seem manipulated & ECI refusing to give source code of software in them.
Not counting VVPAT slips.
ECI not putting out voting figures of Form 17C in public domain.
Increasing the Votes declared after polls in next few days before counting.
Not providing CCTV footage of queues outside polling booths.
Arbitrarily rejecting nominations of opposition candidates.
Selectively enforcing model code of conduct only against opposition candidates.
Unfortunately, the Courts, particularly the SC is playing along with the govt & ECI in this throttling of democracy.
Judges should remember that going along with the govt in throttling democracy may secure them a promotion & post retirement jobs, but is creating increasing distrust & anger against them. They will go out in ignominy & will be insulted in public & by posterity. This is exactly what happened to judges who failed to protect democracy & rights in the past. On the other hand, judges who stood up are revered & worshipped. See Justice Khanna & Justice Krishna Iyer as some shining examples
All this drama of going to 5 foreign countries every month to bring "business" is plain stupid.
Solve basics things, like:-
1) No dogs/animals on roads
2) Proper garbage collection
3) Easy availability of taxis (& fair pricing)
This itself boosts tourism by 15-20% especially foreign tourists. And, helps bring foreign $ (which we desperately need now).
Best part: the budget for 1 foreign visit can be used to solve all above issues in places like Goa.
We won't do it. Because we are "talk" economy.
Not an action economy.
It is common sense to pick low hanging fruits first.
But, who cares about common sense.
@nixxin India would improve when we abolish VIP culture. Politicians have no skin in the game today. Is there even one politician who talks about this?
@Chinmayi We need find the officials responsible for this. Any good journalist would pick this up and investigate? Or it will be lost as yet another perk of living in India.
@RnaudBertrand@arincallsout Always be prepared to be abused by Modi's trolls for even the slightest criticism of anything Modi's India does. They're low IQ idiots with thin skin who will call you pakistan / china / soros agent. They're the reason why India is in gutter these days.