द्विज

Nationalist!! Indian First! RTs not endorsements self declared Modi fan! Tweets in personal capacity! #aalareaalamodiaala2024

[Ashutosh Shah @onlyequities]

Got a GST notice from a gst number I surrendered 5 yrs back

Looks like we missed some entry and had a 122 cgst and 122 sgst due

Tax is 250 rupees
And penalty is 20,000

Thank you @narendramodi @nsitharaman for the ease of doing business @Infosys_GSTN

[Pooja @poojaofficial5]

HDFC Bank first dragged my CIBIL Score down to 615, then an RBI Ombudsman complaint made the same bank start chasing me.

I had applied for a Credit Card, but the bank rejected my application.

Then, a few days later, the exact same card arrived at my doorstep with a ₹500 joining fee.

I went to the branch to sort it out, and the employee told me

"Just do not pay the fee and do not activate the card, it will automatically get cancelled."

I trusted his advice.

But that’s where the real nightmare began.

The card was not cancelled.

Instead, the bank kept reporting defaults for 3 months, and my CIBIL Score eventually dropped to 615.

When I complained, instead of taking responsibility,

I was given a lecture about being more financially responsible.

So I waited, gathered all the documentation, and finally took the matter to the RBI Ombudsman.

And suddenly, everything changed.

Calls from the Branch Manager
Calls from Senior Officers
First, they offered an NOC

Then, they requested me to withdraw the complaint

The same bank that had earlier dismissed my complaint was now saying

"Madam, we will completely clean your CIBIL history, just withdraw the complaint."

But this time, I refused to back down.

The result ?

Within just 3 weeks, all the late payment and default remarks related to that incident were removed from my CIBIL report,

and my credit history was restored.

The same bank that had initially treated me as if I was at fault was now trying desperately to convince me.

One small mistake can cause months of damage to your credit profile.

So never blindly trust verbal advice from bank employees.

Keep records of every conversation, monitor your CIBIL regularly,

and if the bank refuses to resolve a genuine complaint, take it to the appropriate regulatory channel.

Because sometimes, one properly documented complaint can completely change a bank’s tone.

[Lee Kuan Yimby @LeeKuanYimby]

I was just in Mumbai, and I have to give them credit for the progress they’re making on infrastructure. The new Aqua Line metro is phenomenal. But the amount of work India still has to do on basic cleanliness and sanitation and it is hard to understand until you see it yourself. Would love for more westerners to go just to understand how wealthy they are, but that's a different point.

Mumbai is completely surrounded by water, yet there are almost no places where people can actually enjoy the water. The beaches are filled with trash, the water is badly contaminated, and almost nobody swims, even when it’s brutally hot outside. Walking on the beach is just mud and trash meeting filthy water on the horizon.

There are much poorer places around the world where people can still use the beaches. This is not just about money. India has gone decades without adequate trash collection, sewage treatment, or enforcement for a population of more than a billion people. At this point, the scale of the problem feels almost impossible, and the oceans around the world are paying the price for Indias garbage output as well.

I like the direction Modi is taking the country, but India needs to treat cleanup like a national emergency. Stop with the small campaigns and organize a full scale blitz.

Offer unemployed people paid work picking up trash, clearing drains and waterways, cleaning beaches, and maintaining public spaces. Give them proper equipment and supervision. Then build the collection and waste processing systems needed to stop everything from becoming filthy again a week later.

India has shown that it can build metros, airports, highways, and digital infrastructure. Clean streets and usable water should be treated as infrastructure too.

Mumbai should have one of the greatest waterfronts in the world. Instead, it's has basically an irrelevant feature of the city and feels surrendered to sewage and garbage.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Foreign holdings of US Treasuries dropped -$72 billion in June, to $9.30 trillion, to the lowest level since January.

This marks the 3rd monthly decline over the last 4 months, totaling -$190 billion.

Japan, the largest foreign holder, reduced its holdings by -$26 billion in June, to $1.12 trillion, the lowest since January 2025.

The UK, the 2nd-largest holder, cut its holdings by -$9 billion, to $940 billion, the 2nd-largest on record.

China, the 3rd-largest holder, trimmed its holdings by -$26 billion, to $633 billion, the lowest since September 2008.

Meanwhile, foreign official holders, such as central banks and government entities, reduced their Treasury holdings by -$70 billion in June, to $3.78 trillion, the lowest since February 2024.

Foreign demand for US Treasuries is losing momentum.

[Prof. Krishnamurthy V Subramanian @SubramanianKri]

I suspect our upbringing shapes how we see these things.

After I got into IIT, my Appa, who never had the opportunity to attend university himself, started explaining why he did not want me to become like the bosses he had worked for: people who, in his view, were highly educated but had little appreciation for Indian culture and ethos, and were far too enamoured of the West.

He was not only highly intelligent and wise, but also a voracious reader. Over the years, he taught me a great deal about the Indian ethos, and I came to understand his perspective deeply.

So, despite studying in the US and spending roughly half my life since 2001 in the US and half in India, I owe my instinct not to equate Western education or Western ways with superiority to my Appa.

That, to me, is the distinction between being educated in the West and having a colonial mindset.

[द्विज @sritrader]

@Bogachan_1971 😅😅😅

[Bogachan Ozdemir @Bogachan_1971]

Scott Bessent executed FX trades for George Soros early in his career. Somehow, he learned nothing from Soros.

Soros made money by carefully betting on the difference between what governments should do vs what they were doing.

Bessent never understood this. He believed that governments can dictate prices as if he worked for Soviet or Chinese Politburo. When he went on his own, he never made money and his fund got decimated.

Bessent believes that US Government can dictate bond or oil prices. He is the type of politician Soros always bet against successfully.

It is amazing that most of the commentators cannot see this and still praise this man. We are accelerating to the wall and clowns are applauding.

[sandip sabharwal @sandipsabharwal]

This kind of usurping of open spaces which barely exist in Mumbai for the benefits of some groups is going to to have a huge political cost for @BJP4India
@Dev_Fadnavis such moves should not be allowed.

It is official: Bandra’s Neville D’Souza football ground to make way for convention centre https://t.co/uHpPrgIQxC

[Nic @puckrin]

Japan is cornered & has 3 moves left.

1. Hike rates: carry trade unwinds & pension funds get torched

2. Sell treasuries to buy yen: the US bond market gets torched

3. Lean on the Fed's swap facility (dollar printer): US inflation picks up.

There are no good options left.

[Aravind @aravind]

@alpha_defense Now in the next strike, India must definitely bomb this "permanently closed" place with a bunker buster. Trust me, it will give treasure.

[द्विज @sritrader]

@federalreserve what a joke, when markets firmed up to decide on the yields , you decided to decide against that ? #ROFL #InterestRates this move will bomb, the only way to come out is to go for free trade and borrow less , bad behavior leads to poor outcomes!

[Aravind @aravind]

Which city will you choose? Note:

- The X and Y axes are percentile, not percent.
- Hyd & Mum are 100th percentile for QoL & CoL.
- QoL takes into account work opportunities, healthcare quality, also. Not based only on infra or cleanliness.
- Your individual perception can vary.

[द्विज @sritrader]

@aravind Bhopal , good chance for it to move in 1st quadrant

[sandip sabharwal @sandipsabharwal]

So #BJP keeps on changing their party president and team under the president on a regular basis.
However no minister of the Government ever changes.

Inefficient ministers need to be weeded out. These changes are only with the intention of winning elections.
What about governance?
@BJP4India @narendramodi

[Rishi Bagree @rishibagree]

In 1992, Enron, a prominent U.S. company, planned to establish a power plant in Dabhol, Maharashtra, with a proposed investment of $2 billion. However, fierce local opposition stalled the project, leading Enron to file a $600 million compensation lawsuit against the Indian government.

Under the Vajpayee government, Harish Salve, a distinguished Indian lawyer, was appointed to defend India’s interests in this high-stakes international arbitration.

Shockingly, P. Chidambaram, a prominent Congress leader, served as Enron’s legal counsel, advocating against India’s interests.

When the UPA government came to power in 2004, with Chidambaram as Finance Minister, he could no longer directly represent Enron but continued to provide legal advice, reportedly favouring the company.

In a stunning move, the UPA government removed Harish Salve from the case and appointed Khawar Qureshi, a UK-based lawyer of Pakistani origin, to represent India.

The decision to entrust a sensitive case involving billions in taxpayer money to a foreign lawyer with ties to Pakistan raised serious questions about the Congress-led government’s judgment and priorities.

Despite India’s strong position in the arbitration, the questionable decisions - Chidambaram’s prior ties to Enron and the appointment of Qureshi led to a predictable outcome: India lost the case.

The government was forced to pay substantial settlements of $800 million to Bechtel & General Electric, who had acquired Enron’s stakes after its bankruptcy. Additionally, Qureshi was paid exorbitant legal fees, further burdening Indian taxpayers.

Notably, Khawar Qureshi later represented Pakistan in the Kulbhushan Jadhav case at the International Court of Justice, underscoring the irony of Congress’s choice.
And Guess who represented India - Harish Salve, who won the case and stayed the death sentence of Yadav, along with getting him consular access, only for a Fee of Rs 1.

This episode, often downplayed by the media, highlights a disturbing pattern of mismanagement and questionable loyalties under the Congress-led UPA.

Their handling of the Dabhol case reflects a legacy of decisions that prioritised foreign interests and compromised India’s sovereignty, leaving taxpayers to bear the cost of their failures.

[JIX5A @JIX5A]

August 16, 1946. Direct Action Day.

Survivor of Direct Action Day and Noakhali massacre, Rabindranath Dutta (92) recalls how naked, butchered bodies of Hindu women were hung from hooks at Raja Bazar beef shops.

Victoria College girls were raped, killed and their bodies tied to hostel windows.
Rabindranath Dutta told me how he stood watching heaps of slaughtered Hindu bodies during 1946 Noakhali pogrom, pools of blood around his heels.

Most women's bodies had breasts missing, just black bite marks at those places and their genitals.
It is hard to even listen to his accounts.

After his wife died, Rabindranath Dutta sold her ornaments to self-publish 12-13 books on Direct Action Day, Noakhali massacre, and 1971 genocide. First-hand experiences, rare research.
He says nobody in Bengal gave a damn...no politician, media, publisher, activist, or filmmaker.
We Hindus seem to have learnt no lesson from history.

[CA Anupam Sharma @caanupam7]

𝗖𝗣𝗖 𝗕𝗲𝗻𝗴𝗮𝗹𝘂𝗿𝘂 𝗶𝘀 𝗱𝗶𝗿𝗲𝗰𝘁𝗲𝗱 𝗻𝗼𝘁 𝗽𝗿𝗼𝗰𝗲𝘀𝘀 𝗜𝗧𝗥𝘀 𝗼𝗳 𝗳𝗲𝘄 𝘁𝗮𝘅𝗽𝗮𝘆𝗲𝗿𝘀 𝗳𝗼𝗿 𝗙.𝗬.𝟮𝟬𝟮𝟱-𝟮𝟲 - 𝗗𝗲𝗹𝗵𝗶 𝗛𝗖

𝗙𝗮𝗰𝘁𝘀:
1. Few Judges of HC/SC have filed their ITRs under New Tax Regime & claimed exemption for the allowances & Perquisites, which are not allowable u/s 115BAC of the Act.

2. CPC processed the ITRs & generated the demand.

𝗔𝗰𝘁𝗶𝗼𝗻 𝗯𝘆 𝗗𝗲𝗹𝗵𝗶 𝗛𝗖:
1. Delhi HC has stepped in & issued notice to CPC.

2. CPC informed Delhi HC that such allowance & perquisites would not be available because the new regime permits taxation at concessional rates without exemptions and deduction.

3. However, Delhi HC is of the opinion that Judges allowance & Perquisites must not be taxed, 𝗶𝗿𝗿𝗲𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗽𝗿𝗼𝘃𝗶𝘀𝗶𝗼𝗻𝘀 𝘂/𝘀 𝟭𝟭𝟱𝗕𝗔𝗖 𝗼𝗳 𝘁𝗵𝗲 𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 𝗔𝗰𝘁.

4. Delhi HC directed CPC not to process ITRs of Judges of HC/SC. Further, if ITR is processed & any demand is generated, then it will not be recovered.

-- 𝗗𝗲𝗹𝗵𝗶 𝗧𝗮𝘅 𝗕𝗮𝗿 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝘃𝘀. 𝗨𝗻𝗶𝗼𝗻 𝗼𝗳 𝗜𝗻𝗱𝗶𝗮 [𝗪.𝗣.(𝗖) 𝗡𝗼. 𝟵𝟯𝟲𝟱 𝗼𝗳 𝟮𝟬𝟮𝟲, 𝗱𝗮𝘁𝗲𝗱 𝟭𝟬.𝟬𝟴.𝟮𝟬𝟮𝟲]

[Aravind @aravind]

Coaching industry is huge in India minting billions. What PM has announced with online direct coaching by GoI is going to hurt them for sure.

Which means they are going to organize and not just create protests, but may program every student against the PM and his policies in their institutes.

So this is a brave move by PM. "Political suicide", some would say, given the GoI with its MIB is unable to even counter blatant fake news propaganda.

But good luck to the PM fighting the coaching mafia. Regulating them has to be done at some point in time by govt. Let this be the start.

Of course, many of these coaching institutes are genuine and do a great service to the nation. We should not forget this.

Every coaching institute cannot be called "coaching mafia." Hope they will join this effort of the PM.

[Muthukrishnan Dhandapani @dmuthuk]

It is not that India has not been progressing. But we are simply running to stay in the same place.

Where we stand globally is one way of looking at it.

At the time of independence, our GDP stood at 9th place. Now we are at 6th place.

Most important is GDP per capita. From 97th rank in 1960, we are now at 147th. The 147th rank not only indicates how poor we are; given the huge inequality, probably 80% of the population is simply struggling to survive.

As I pointed out the other day, even if you adjust for Purchasing Power Parity, our rank is still 125th.

We have completely missed the manufacturing bus. In 1950, manufacturing was 12% of GVA and now it is 14%.

Except for Tamil Nadu and Gujarat, where manufacturing is growing on par with how China used to grow in its peak years, our manufacturing story is yet to begin.

Lee Kuan Yew once said:

“India cannot grow into a major economy on services alone. Since the industrial revolution, no country has become a major economy without becoming an industrial power.”

What was obvious about India to Singapore policymakers did not hit the vision of our policymakers.

Our share of global merchandise exports was 1.85% in 1950. After 75 years, we are still stuck at 1.69%.

And for nearly the last five decades, our GDP per capita growth has been only around 4.5% annualised, barely sufficient to move the needle from such a low base.

That is why we are still at $2,800 GDP per capita, a low income country ranked 147th globally.

The Centre and every single state have an enormous amount of work to do in numerous areas. This is not to become a superpower or a rich nation, but to achieve a decent GDP per capita of $10,000 around 2050.

As I pointed out the other day, despite whatever narrative we set, the crux is this:

During the last 12 years, our GDP has just doubled and our GDP per capita has not even doubled.

Those who ask why we should look at the numbers in dollars need to understand that the exchange rate itself reflects productivity, competitiveness, and capital flows.

[𝙎𝙝𝙖𝙨𝙝𝙖𝙣𝙠 𝘽𝙝𝙖𝙧𝙖𝙙𝙬𝙖𝙟 @IyengarShashank]

Anything India achieves is an emotional moment for normal people like us. What a beauty 👏👏👏