Jio Financial Services?

For the uninitiated, the real jewel in Reliance crown is neither telecom, nor retail nor oil.

It's Jio Financial Services.

The impregnable moat which will be created with telecom & retail customers will make it the most valuable financial institution in years to come.

— Liberated Soul (@Liberated_Soul3) September 9, 2020

Adaptation

2) Many small professional resets: learned to lecture on Zoom. Learned to set up a blackboard behind me for illustrations.
Of course could start a business along these lines. Universities are going out of business & there is something to grab as they are too incompetent to adapt.

— Nassim Nicholas Taleb (@nntaleb) May 11, 2020

Dismantling labour laws is a step in the right direction

States have already started dismantling some labour regulation, and my arguments on why this is a step in the right direction. 1/n https://t.co/OjMh6iGhTN

— Shruti Rajagopalan (@srajagopalan) May 8, 2020

Labour regulation in India regulates every aspect of the employer-employee relationship and requires permissions for everything - hiring, firing, closures, changing the task of an employee, and insists on paying wages, overtime, bonuses far above market clearing wage. 3/n

— Shruti Rajagopalan (@srajagopalan) May 8, 2020

Those who are lamenting the loss of labour protection because UP and MP suspended labour regulation need to understand that 90% of India's labour for never had that protection in the first place. The restrictions either prevented hiring, or created "contractor/dalal system". 5/n

— Shruti Rajagopalan (@srajagopalan) May 8, 2020

Ideally, there should be minimal labour regulation, mostly health and safety regulation, and some default standard fixed term contracts. But in the absence of sensible regulation, no regulation is better than the current labour permit raj that hurts labour interests. 7/n

— Shruti Rajagopalan (@srajagopalan) May 8, 2020

Read more at https://twitter.com/srajagopalan/status/1258604944082579465

YESBANK - losing the API

2. Until today, I did not know that I had a Yes bank account b/c I used @Razorpay to generate a virtual account and linked it w/ POS vendors like PayTm, ezeTap etc.

3. Now all settlements from POS vendors are locked, till I move it to other bank accounts.

— V. Anand | வெ. ஆனந்த் (@iam_anandv) March 6, 2020

Impact of coronavirus on supply chains (and busness)

The biggest factor that's not understood is the non linearity of supply chains. A 2 week total shut down *does not* mean a two week delay in products to consumer. This is very different from the tariff impacts, where pricing was adjusted.

— Dan McMurtrie (@SuperMugatu) February 20, 2020

Full thread at https://twitter.com/SuperMugatu/status/1230562561201819650

Only 2,200 professionals declared income above Rs 1 crore in FY19, says CBDT

Out of these,1.03 crore individuals have shown income below Rs 2.5 lakh & 3.29 crore individuals disclosed taxable income between Rs.2.5 lakh to Rs.5 lakh.
Out of 5.78 crore returns filed during this financial year,4.32 crore individuals have disclosed income upto Rs 5 lakh..2/6

— Income Tax India (@IncomeTaxIndia) February 13, 2020

Hence, only around 1.46 crore individual tax payers are liable to pay income-tax.
Further, around 1 crore individuals disclosed income between Rs. 5-10 lakh and only 46 lakh individual tax payers have disclosed income above Rs.10 lakh...4/6

— Income Tax India (@IncomeTaxIndia) February 13, 2020

In the ITRs filed by individuals in current financial year,only about 2200 Doctors,Chartered Accountants, Lawyers &such other professionals have disclosed annual income of more than Rs.1crore from their profession(excluding other incomes like rental,interest,capital gains etc)6/6

— Income Tax India (@IncomeTaxIndia) February 13, 2020

In pictures: A historical perspective on the Great Depression, the market rally and the crash of 1929...must read for all investors

When we look at events in the past, we assume whatever happened was inevitable and we get surprised how others could not see the obvious. But if you see the notes and articles written at "that" time, one can imagine the joy and sorrows, the frustrations alternating with boundless optimism.

Here is a nice write up with screenshots of newspapers from the US showing the historical perspective from the 1920s to the rally of the lifetime followed by the crash in 1929.

Always remember

Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria

All above explained with newspaper screenshots and captions

Read more at https://www.collaborativefund.com/blog/history-is-only-interesting-because-nothing-is-inevitable/

NOV 2019 was best month for the two wheeler industry

Thread on the strong recovery in 2W Sales and how you can strongly benefit from it. Presented below is the 2W registration data over the past 22 months. As you can interpret, November 2019 was the highest sales month in the past 22 months...{1/n} pic.twitter.com/KhnAVgVFaj

— JEEVAN JYOTI RATH (@JEEVANRATH) December 6, 2019

Read complete thread at https://twitter.com/JEEVANRATH/status/1202932886866776069

Worrying trend in personal loans and unsecured credit

Also, *unsecured* is the point to be noted. These are loans not given against ANY collateral whatsoever. So there is a necessity for a cushion for the system to absorb shocks on account of non-payment or delays in payment.

It's a story we have seen before. 2/n

— Mayank (@AZenGuy) December 6, 2019

So now the slowdown is because of Supreme Court...not millenials?

Economy down down. Why? SC Judges hai hai. https://t.co/EpQuBPhwkq

— V. Anand | வெ. ஆனந்த் (@iam_anandv) November 28, 2019

No wonder BAJAJ FIN and HDFC twins are trading near all time highs

RBI shuts down another business... and this was how VFMDirect started

- for the record, I started off as a Direct Selling Agent for the financial services industry
- at the age of 32
- I had 7-8 years experience in this industry so the SWOT analysis was propah
- the VFMDirect stands for Value for Money and Direct is for Direct Marketing
- I shut this business in less than 6 months but I retained the name
- stoploss hit
- all this was some time in 1997-98
- then later evolved into other businesses... no planning.. just take the road when it comes

- RBI's action will have a huge impact - expect DSAs to shut down and employees to lose their jobs
- on the plus side, banks will be forced to create their own direct selling teams on their payrolls
- but this can increase overall costs
- either way, the consumer will suffer



Read more at https://economictimes.indiatimes.com/markets/stocks/news/rbi-banks-use-of-agents-to-chase-loans/articleshow/71699214.cms

Death of the TELCOs

It is quite possible that the SC has passed the death sentence to the telcos, banks and the economy in one single order. https://t.co/P2XYw5F4bI

— V. Anand | வெ. ஆனந்த் (@iam_anandv) October 24, 2019

The butterfly effect: how a journalist's killing led to the bursting of the Silicon Valley bubble

1/ One year ago this week, Saudi dissident and journalist Jamal Khashoggi was killed in his country’s consulate in Istanbul. At the time, we wrote about the butterfly effect—how this will eventually lead to the bursting of the Silicon Valley bubble. Read on. 🤔

— Jawad Mian (@jsmian) October 1, 2019

Biggest beneficiaries of the cut in corporate tax rates

"The biggest beneficiaries of the cut in corporate tax rates are companies with a combination of high ROCE + high reinvestment rate + high tax rate."https://t.co/k2j52u40GO

— D.Muthukrishnan (@dmuthuk) October 1, 2019

How India's corporate tax compares with neighbours

FM unveils $20b tax booster for India Inc; D-Street sees biggest rally in a decade

Finance Minister Nirmala Sitharaman on Friday delivered a major tax bonanza to domestic businesses and manufacturing firms, lowering corporate tax rates to one of the lowest levels in Southeast Asia and allowing new manufacturers to avail minimum corporate tax at 15 per cent.

Sitharaman said the revenue foregone on reduction in corporate tax and other relief measures will be Rs 1.45 lakh crore annually, which means a $20 billion booster to an economy that g ..



Read more at https://economictimes.indiatimes.com/markets/stocks/news/sensex-jumps-over-900-points-nifty-tops-10950-on-fm-tax-booster/articleshow/71213518.cms

NHAI’s Giant Liabilities: Is There a Solution That Doesn't Tax Us More?

NHAI’s gigantic debt, contingent liabilities, stalled projects and web of litigation across the country, are turning into the biggest roadblock to infrastructure development. Union minister Nitin Gadkari has ignored this for five years, even as he criss-crossed the country announcing mega projects with massive outlays. Reports that the prime minister’s office (PMO) has rapped the ministry for extensive and ‘reckless’ highway expansion, finally, led to a much-needed public discussion last week.

NHAI has reportedly been asked to discontinue construction of roads and monetise assets; this has happened only after NHAI’s debt soared from Rs40,000 crore in 2014 to an unsustainable Rs1.78 lakh crore in 2019 under Mr Gadkari’s watch.

Read more at https://www.moneylife.in/article/nhais-giant-liabilities-is-there-a-solution-that-doesnt-tax-us-more/58045.html

Finally the FM blinks

Aug 23, 05:38 PM (IST)
It has been decided that enchanced surcharge levied on long term and short term capital gains on equities goes, said FM Sitharman.

Aug 23, 5:45 PM (IST)
Banks have agreed to pass on all Repo Rate cuts into their MCLR, said FM Sitharaman.

Aug 23, 5:44 PM (IST)
An additional capital of Rs 70,000 crore has been sanctioned for banks, which will enable loans worth Rs 5 lakh crore, said FM Sitharaman.

Aug 23, 05:42 PM (IST)
Section 56 2(b) Of I-T Act not to be applicable for startups registered with DPTIT, said FM Sitharaman.

Aug 23, 05:41 PM (IST)
The surcharge on FPIs and domestic investors goes, says Finance Minister

Aug 23, 05:37 PM (IST)
All assessments will be cleared in three months, said FM Sitharaman.

Aug 23, 05:36 PM (IST)
Issue of I-T orders, summons and letters etc shall now go through a centralised system from October 1, said FM Sitharaman.

Read more at https://www.moneycontrol.com/news/business/fm-nirmala-sitharaman-press-conference-live-updates-finance-minister-expected-to-address-fpi-surcharge-issue-4366441.html

Unprecedented financial sector crisis in 70 years, says NITI Aayog

Government think tank NITI Aayog on Thursday described the current stress in the financial sector as “unprecedented in the last 70 years”, saying nobody is trusting anyone else in the sector. It made a case for extraordinary steps to deal with the crisis that has resulted in an economic slowdown.

NITI Aayog Vice-Chairman Rajiv Kumar also said there was no business of the government to hold back payments to companies.


“Nobody is trusting anybody else... within the private sector nobody is ready to lend, everyone is sitting on cash... you may have to take steps that are extraordinary,” Kumar said.

Read more at https://www.business-standard.com/article/economy-policy/unprecedented-financial-sector-crisis-in-70-years-says-niti-aayog-119082300053_1.html