🚨 "All states should remove stray dogs from institutional areas such as schools, hospitals, sports complexes, bus depots, and railway stations."
- Supreme Court of India.
RBI announces $5 billion Dollar/ INR Swap on 26th May.. got some DMs. Will try and simplify
-basically commercial banks like SBI , hdfc etc will sell dollars to RBI and take Rupees in return
- after 3 years banks buy back the same amount of dollars & They have to return the rupees . This is obviously done at an agreed swap premium.
Why it is done - it infuses rupee liquidity ( banks get rupee)and also helps stabilise the currency as RBI gets dollars.
The Indian salaried class has been methodically stripped of every single inflation hedge available to it, one budget at a time.
You tried crypto. They slapped a 30% flat tax on gains, allowed no set-off of losses, and added 1% TDS on transfers.
You tried equities. Budget 2024 raised STCG from 15% to 20%, raised LTCG from 10% to 12.5%, increased STT on F&O, and also killed indexation for most other long-term capital gains.
You thought fine, I’ll diversify some savings abroad through LRS. They put 20% TCS on remittances above 10 lakhs for investments abroad.
You tried Sovereign Gold Bonds, because surely a government-issued, government-backed gold hedge would be the one clean instrument they would not mess with. Then Budget 2026 came along and removed the capital gains exemption for secondary market buyers.
And now the final insult.
The Prime Minister has publicly asked you to avoid buying physical gold for a year in the “national interest,” because gold imports use foreign exchange.
So let me get this straight. A middle class wagie earning in depreciating rupees, watching FD rates hover around 6.5% while real life inflation keeps eating his purchasing power, has now been told:
Crypto is taxed like a vice.
Equities are more expensive to hold and exit.
Foreign diversification gets hit with TCS.
SGBs are being wound down and tax-narrowed.
Buying physical gold is now unpatriotic.
Basically, every single exit from rupee depreciation has been systematically curtailed. You are expected to hold your savings in instruments the government controls, at returns the government sets, for a currency the government is rapidly inflating away.
Does this sound like Amrit Kaal to you?
Buying Gold is shorting INR and hedging against inflation
Unless you are worth 1000s of crores, you are a small fish in a big ocean. Save yourself and your family, no one will come to your rescue
You can support Modi for everything and yet lookout for your finances. If you think inflation is gonna shoot up or/and INR will depreciate, go for Gold.
🚨 Prime Minister Narendra Modi today:
- Stop buying gold.
- Bring back the work-from-home culture.
- Save petrol and diesel.
- Avoid foreign trips and destination weddings.
- Stop importing foreign products.
Rippling is the *legitimate* way to spend less time on your SOC 2.
Every other SOC 2 product is purely a detection system — a reporting layer bolted on top of tools it doesn't control.
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Today, we launched @Rippling Automated Compliance, starting with SOC 2.
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The trouble with @svembu's appeal to NRIs is that it continues to demand more sacrifices from Indians while demanding no change from India's governments. Resident Indians have more than enough talent in every domain but they are already choked. He makes no attempt to demand removal of existing bottlenecks. It's not TALENT that India is starved of, it is ACCOUNTABILITY.
Some reform ideas which I'd like to see implemented in India:
- (0) Improve nutrition and environmental safety. Safe air, water and food is the bare minimum expectation.
- (1) Encourage skin-in-the-game for political and administrative leaders (for eg: require an exit tax for them and their kids).
- (2) Radical transparency in govt systems. Anonymized files should be digital and public by default, unless marked confidential for valid reasons.
- (3) Increase actual Ease of Doing Business (eg: improve contract enforcement).
- (4) Discourage young talented people from wasting away their most precious years into civil services exam prep, or pseudo-scientific professions like degrees in AYUSH.
- (5) Do not allow the world to dump inferior hardware and software products on Indians. Insist on interoperability, technology transfer and repairability by third-parties.
- (6) Prepare the workforce for the future: For eg: Decrease the number of specializations by bundling subjects in Engg, achieving a better balance of employability and national interest.
- (7) Reduce the need for affirmative action in later years by improving access in earlier years.
- (8) Create conditions for healthy competition among states so that we can have more experiments in governance.
India’s “standard city package” now includes:
> 45°C heatwaves 🌡️
> AQI competing with gas chambers 🚬
> Corruption at every step 💸
> Roads designed like obstacle courses 🕳️
> Water purifier mandatory, not optional 🚰
> Packaged food with surprise ingredients 📦
> Fruits & veggies on chemical steroids 🍎
Bonus features:
> Traffic that eats 2–3 hours daily 🚗
> Honking = background music 🔊
> Random power cuts ⚡
> Sewage smell in the name of “development” 🤢
> Illegal constructions everywhere 🏗️
> Illegal Immigrants living as freeloaders
> Stray animals + garbage combo 🐄🗑️
> Floods after 30 mins of rain 🌧️
> Dust = free skincare layer 😷
And somehow… highest taxes + zero accountability 🙂
I seriously hope One Nation One Election is implemented.
Anyway we've to elect one useless govt over the other. Let it happen once in 5 years rather than the country being constantly in election mode.
Waste of time & money.
Instead of opposing this, Netas must look at the brighter side. So much money saved. So more money for them to eat!
All unemployed youth in Bengal will receive ₹3,000 in their bank accounts on the first of every month.
We will provide ₹21,000 to every pregnant mother for the care of her child.
The BJP government will implement 33% reservation in government jobs, and from 1 June, all women will get free bus travel.
The BJP government will increase the PM-Kisan Samman Nidhi from ₹6,000 to ₹9,000.
- Shri @AmitShah
#BanglarMoneSudhuiBJP