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RBI’s TCS: Tesla Surge & Unequal Tariffs – Retweet!
The Reserve Bank of India (RBI) started imposing a 20% Tax Collected at Source (TCS) on foreign investments since 2022, affecting individuals’ ability to invest in stocks like Tesla. This policy requires upfront payment of the TCS, which is returned in INR after 18 months, causing a loss due to currency depreciation. Investors feel frustrated…
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L&T CEO Salary: Earnings Breakdown & Analysis
The content revolves around the perceived toxic work culture and high disparity in salaries at L&T, an Indian company. Employees express frustration with long working hours, low salary growth, and arrogant management attitudes, comparing their experiences to being in jail. They also criticize the CEO, S. N. Subrahmanyan, who earns significantly more than the median…
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Illusion: When Reality Becomes Fiction
The content discusses the balance between investing for the future and enjoying life in the present. The author argues that while it’s important to invest and safeguard against future calamities, overemphasis on investing can lead to regret and missed opportunities for enjoyment. They criticize financial influencers who advocate extreme measures, such as foregoing all non-essential…
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Overlooked Sinking Fund: Bangalore Apartment Purchase Essential
The cost of owning an apartment in Bangalore, especially older ones, is often overlooked. The Sinking Fund, collected for emergency purposes, is often misused leading to high costs for apartment owners. Older apartments in Bangalore, registered under KAOA Act 1972, lack proper oversight and dispute resolution bodies, unlike Maharashtra. Before purchasing an older apartment, buyers…
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Warikoo’s Ultimate Finance Mastery Guide
The content discusses various perspectives on financial influencers, particularly Ankur Warikoo, in India and their impact on viewers. Some users criticize Warikoo for providing basic financial advice, while others appreciate his simplified explanations that cater to financially illiterate individuals. The content also mentions alternative sources for financial education, such as Freefincal, Zerodha Varsity, and books…
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HPMV Fear-Mongering: Don’t Sell in Panic!
The content discusses the Human Metapneumovirus (HMPV), a common virus that mostly affects children with a mortality rate of less than 1%. Despite a recent surge in cases, the virus has been around for years, and the recent focus on it is attributed to media hype and fear mongering. The Indian stock market has reacted…
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Pricey Plates: The Cost of Convenient Cuisine
Zomato and Swiggy are growing rapidly, generating revenue and employment. However, they are currently trading at high PE ratios and are still making losses. Swiggy’s market cap is crossing 1 lakh crore, which is a whopping 9X revenue multiple. Despite a decrease in losses and an increase in revenue, the food delivery business revenue has…
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Understanding: Where Our Taxes Truly Go
The content expresses frustration towards the government for not providing basic necessities like education and clean water, despite taxes being paid. The public is criticized for not holding the government accountable. The government is also accused of taking a cut of health insurance costs, which should ideally be provided by the government. The lack of…
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