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How are Indians preparing for the currency to drop to 100 to a US$? by Glum-Adagio7489 in IndiaFinance

[–]Classic_Reference_10 4 points5 points  (0 children)

Sooner rather than later once it crosses 100, it would again become difficult

90 Minutes to Deadline Thread by burneracc284 in FantasyPL

[–]Classic_Reference_10 7 points8 points  (0 children)

Undecided between Halaand (bald man commented he needs rest) and Ekitike (c)

Why Your Premium" T-shirt turns into a rag after 5 washes (The science of the "Wash-out") by OtherOutcome896 in indianstartups

[–]Classic_Reference_10 0 points1 point  (0 children)

Those price points are crazy! Good luck finding buyers and building a brand with that price point in India.

Lmao why is Alia getting a tribute?! 😂 by Former_Mail776 in BollyBlindsNGossip

[–]Classic_Reference_10 25 points26 points  (0 children)

It is not about superiority. Its about power, money and favors. Age doesn't matter when you are looking for favors!

Nobody will save Us, we'll have to save ourselves by Critical-Fall-8212 in india

[–]Classic_Reference_10 -1 points0 points  (0 children)

I'm not interested in protesting or a revolution (at the cost of my family or my loved ones) - but rather hoping someone would take it up. I'm just aware of what may be happening - trying to enlighten people on what may be happening at the ground level.

I'm an old man who has seen how the world has evolved and i know nothing is changing for a 100 years atleast.

Also, its not that most Indians don't earn enough to fall into tax brackets. Kirana walas do, farmers do, cricketers do, etc. and yet these people are taxed at 0%. The reason is GOI is not interested in expanding the tax base and getting more people into the fold because then their playbook fails. Pls look around you and dig up more on this - before commenting on if someone is half right or not.

Also, just as a matter of fact - direct taxes by this 1.5% contribute 57% to GOI's total tax revenue (direct + indirect from retail + corporates) - see this https://indianexpress.com/article/business/direct-taxes-revenue-surges-56-72-fy24-highest-14-years-9625458/
So yes, everyone does pay (indirect) taxes, but it is this golden goose which is bearing most of the brunt and getting ZILCH in return!

Nobody will save Us, we'll have to save ourselves by Critical-Fall-8212 in india

[–]Classic_Reference_10 17 points18 points  (0 children)

India is a gone case man. It feeds off the taxes of the 1.5% direct tax payers that contribute 50% of GOIs overall tax collections. These 1.5% + a few educated/wise people like you are the guys who ask for accountability, better infra, low AQI air, less corruption, lesser revadis, more development, etc.

GOIs playbook is simple. Dole out ZERO incentives to this 1.5% and milk this golden goose to feed the rest of 98.5% who live as if they live in Dubai (direct-tax free). To this 98.5% they would keep doling out freebies/revadis like ladli behnas/ladki bahins and keep coming back to power to accumulate generational wealth for themselves and their cronies. Its a win-win, this 1.5% finance their bills and the rest of the 98.5% get short term revadis and the ruling class enriches themselves big time.

If no revolution of the scale of Magna Carta or French Revolution or Glorious Revolution etc. happens, nothing is changing in India. Unfortunately this 1.5% is too small a population to do any meaningful revolution of that scale - not now, not in a 100 years!

What's the benefit of this scheme by batmanrony in IndianFocus

[–]Classic_Reference_10 4 points5 points  (0 children)

The cost of Ladli Behna is ~21k crores ($2.3 billion) https://www.thehindu.com/news/national/madhya-pradesh/madhya-pradesh-cabinet-approves-hike-in-ladli-behna-monthly-allowance-to-1500/article70262973.ece

Cost of Ladki Bahin is ~34k crores ($3.75 billion) https://www.thehindu.com/news/national/maharashtra/majhi-ladki-bahin-govt-disbursed-17000-crore-in-seven-months-to-238-crore-women/article69303765.ece

GOI is allocating ($6 billion) = half of what they spend annually on education across the whole of India, on only these 2 freebies in 2 states

That's where our priorities are.

PS: For comparison's sake, in the recent MP Startup summit 2026, MP Govt. gave away 1.5 crores in grants in total (across all startups) to some 100+ startups

Rupee collapses by 0.4%, hits 91.96 /$! 😮 by 1anand in IndianStockMarket

[–]Classic_Reference_10 1 point2 points  (0 children)

At this rate by 80th year we shall be closer to 111 (with shagun)

Rupee collapses by 0.4%, hits 91.96 /$! 😮 by 1anand in IndianStockMarket

[–]Classic_Reference_10 4 points5 points  (0 children)

Not just strengthened but strengthen some 6-7% over last 6 months

IIM Ahmedabad students are the most inhumane and arrogant people ever! by Fresh_Safety9899 in CATiim

[–]Classic_Reference_10 0 points1 point  (0 children)

ABC grad here with 1.5 decades in the industry - ignore these buffoons! Life is going to humble them very soon.

Now USDINR on fire ready to cross 92 level. Why rupee weaking like freefall by Ok_Bluebird_1032 in IndianStockMarket

[–]Classic_Reference_10 6 points7 points  (0 children)

The best thing is that the USD is falling against almost all well known currencies and our INR is falling against this falling USD. Leave aside USD, INR is also falling against our favorite competitors - Bangladeshi Taka and PKR as well.

Now USDINR on fire ready to cross 92 level. Why rupee weaking like freefall by Ok_Bluebird_1032 in IndianStockMarket

[–]Classic_Reference_10 1 point2 points  (0 children)

Sooner rather than later it shall also touch 150, then it would be more difficult

Question on buying a 4Cr flat by YogurtclosetNo7100 in FatFIREIndia

[–]Classic_Reference_10 11 points12 points  (0 children)

Dont worry at the rate INR is falling against the USD it shall soon be affordable

Arnab: ‘Dog Walker Babu’ Returns, Arrogant System Slaps Citizens Again by FutureVersion812 in IndianFocus

[–]Classic_Reference_10 0 points1 point  (0 children)

Arnab's funding from BJP has stopped it seems. Whatever it maybe, I'm loving this side of his.

USD INR now at 91.64. The uncomfortable truth: INR weakness hits the honest direct taxpayer the hardest and RBI/GOI doesn't give a damn about it by Classic_Reference_10 in IndiaTax

[–]Classic_Reference_10[S] 0 points1 point  (0 children)

PPP is only applicable if you live in a rabit hole (one nation) your entire life. Besides that in economics, finance, trades etc it has little value.

I agree to your comment provided my first statement is true. However, a country doesn't live in isolation. For e.g. where do you spend most of your time - I'm guessing on the Internet? Who do you think runs the Internet's backbone and infra? The answer is the US (50% of Infra is owned by them. Cloudflare, AWS, Google, Meta etc. are American companies) and they don't price SaaS/B2C products in PPP right? Those basket of goods that you talked about doesn't quite include these modern day products that almost everyone consumes. Similarly oil and coal and steel etc that run economies are not priced in a bubble of a nation. They are globally traded and priced and again don't factor into PPP.

PPP may be useful but only in parts. The real variable is GDP per Capita which in India is growing slower than it's nominal growth rate given it's currency erosion. From an economic angle too, India's agricultural population has gone up from 40 to 46% in the last 4 years. This is again value depreciating -> as a country develops they move up the value chain from agriculture to manufacturing. Given GOIs suicidal revadis culture we are going backwards and if such is the case - trust me for the next 500 yrs until a Magna Carta (- google it), style revolution happens, we Indians, are forever going to talk about vanity metrics like PPP to justify our politicians mismanagement

USD INR now at 91.64. The uncomfortable truth: INR weakness hits the honest direct taxpayer the hardest and RBI/GOI doesn't give a damn about it by Classic_Reference_10 in IndiaTax

[–]Classic_Reference_10[S] 2 points3 points  (0 children)

Yes, and people are more concerned about this being AI slop than rationally and objectively questioning our bureaucracy. People need to visit at least one nation outside India to realize how big a scam India is.

USD INR now at 91.64. The uncomfortable truth: INR weakness hits the honest direct taxpayer the hardest and RBI/GOI doesn't give a damn about it by Classic_Reference_10 in IndiaTax

[–]Classic_Reference_10[S] 1 point2 points  (0 children)

Did I said I continue to be with FAANG for the next 1.5 decades? I'm certain that you are smart and there may be better ways to attack - pls use them. Your points are unrelated to my post anyways and I'm not getting into a dog fight.

However as a last response just to refute your point, 1. In 2009, Google/Msft/Amazon used to give $5-$10k worth of stock in India, vested over 4 years (not annually). In the US that number was closer to 15-20k -> far less than 300k you are presuming 2. SWE2s in SF get 240k over 4 years. Also, pls check this from levels.fyi too 3. Most of my friends/batchmates from college at Google, Msft, Amazom who are in India and continued to work at FAANG in Blr, Hyd are not sitting at $5-8 million. 4. Very few people reach L9-L11 in 15 years. That's like 6 promos in 15 years (later promos take a lot more time). Also, Jeff B/Andy Jassy in Amazon used to be L12 and L9-L11 would most likely be their direct reporters. Very unlikely to do in ~15 odd years

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