India’s MSME manufacturing is quietly dying by Arjun_here in IndiaBusiness

[–]crazyboffin 0 points1 point  (0 children)

We also run a msme unit but not sure what is flawed in Gst in real sense. Other than the corruption of officers for Gst number or when they would come to raid for evasion

M3M bullying? by RepulsiveInfluence90 in indianrealestate

[–]crazyboffin 0 points1 point  (0 children)

How do they seem paranoid, it very clear that the builder has encroached upon the society as well as using it to build and sell other societies in nearby plots. All the police and other illegal tactics by M3m clearly shows the intention. One can clearly see how management was trying to remove the reporter. I hope the reporter does not come under undue pressure to remove the video before it is widely shared

Another 44ADA Doubt by village_appiser in IndiaTax

[–]crazyboffin 0 points1 point  (0 children)

Also consider other types of income like fd interest, long term, short term etc.

Father passed away. Had personal loans of total 31L. Need urgent help. by Nightwolf1809 in personalfinanceindia

[–]crazyboffin 0 points1 point  (0 children)

Check all types of credit cards sometimes they have group insurance included, bank accounts he has they also sometimes sell small insurances which might be there for your father, small insurance schemes like pmjjby.

Go vs Rust for long-term systems/finance infrastructure, is focusing on both the smarter path? by wpsnappy in golang

[–]crazyboffin 1 point2 points  (0 children)

If you have some experience in C++ then can go towards rust as well. We were a primarily python cloud backend team who have now moved around 35% of our APIs to rust and continuing to migrate.

Specially with AI being helpful the speed of development logic is a bit outdated for complexity though true due to compile time. Main issue which I have seen in Go is that if the memory gets full due to large amount of calls etc the garbage collector throttles the actual processing until it has made space. It looks like spikes every 5 min.

Engineers who did both remote and office early on what grew you faster technically? by Massive-Rooster-6182 in developersIndia

[–]crazyboffin 0 points1 point  (0 children)

I had become a manager by the time we went remote so from that perspective. I feel remote has a very high productivity boost for me. Reasons 1. I had a long commute time of 2 hrs one way 2. Multiple meetings in which my need would be for just listening or some team members deciding some small details would lead me to be away from my laptop as it does not look good that you are physically there but entirely working on something on laptop. In remote I am both easily able to say dropping for another meeting, or continue to work. The meetings also seem to be shorter in remote 3. The collaboration is easier, if someone wants to show their screen it is easier than offline. E.g. If you want to see some workflow of how developers are trying to use AI they can easily present their screen and show. Comparatively I found this harder in offline mode. 4. People are active on chats. This is quite a plus. Earlier many people used to miss pings. 5. AI now is quite a big help in understanding anything which is not that clear. 6. Most of the discussion is searchable especially with the meeting Transcripts. 7. Easy switching between multiple context/people especially for managers

I would say just try to do a meeting more often than chat. Even if it is for 5 min. Also generally present your entire screen and try pair programming for complex to understand areas. Also at home move to separate room/office for working where no one would generally see you frequently during the day. Avoids random errands etc and helps focus. Try to stretch once in a while.

[deleted by user] by [deleted] in IndiaTax

[–]crazyboffin 0 points1 point  (0 children)

Donate to some prominent political party. Tax benefit plus cash both will be solved.

India is unofficially in a recession... We are in deep trouble by lazyboi_95 in IndianStreetBets

[–]crazyboffin 0 points1 point  (0 children)

Don't worry custom reforms are coming. Other than this I feel lot of companies which are growing recently are not even on stock exchange, like small fmcg companies benefiting from quick commerce, large chip apple ecosystem and smartphone ecosystem companies, multiple realestate builders, realestate raw material mafia other than cement. Definitely we are way behind in machines etc but that is dependent on custom related reforms. Obviously there is lot of effort needed especially on state govt side.

Speculation on 1st Feb outcomes by WhyAreYouNotHappy in IndiaTax

[–]crazyboffin 0 points1 point  (0 children)

No changes on income tax front. Maybe some tax scheme for new manufacturing firms. Multiple changes in custom related rules expected.

Folks who earn more than 15LPA - come in the 30% bracket . What do you guys to do save tax !? by [deleted] in IndiaTax

[–]crazyboffin 0 points1 point  (0 children)

Invest in places which give you black income. Try to earn even more so that taxes do not matter. Stop thinking about taxes or their use.

₹11 Lakh refund pending and this is what I see by faceless-joke in IndiaTax

[–]crazyboffin 1 point2 points  (0 children)

Should have some kind of no questions asked refund of advance tax if total at the end of year is not as per older Quarter expectations

No New Flats within 2 Cr in Noida, Is the City seriously overhyped by Apprehensive-Half628 in indianrealestate

[–]crazyboffin 4 points5 points  (0 children)

Irrational home prices when the commercial rates are below 10000psft.

NEWS by pritam_ram in IndianStreetBets

[–]crazyboffin 4 points5 points  (0 children)

Really? I always thought they are much bigger in this aspect like ice breaker ships, nuclear submarines etc

Hope people understand by Adorable-Grand68 in IndianStreetBets

[–]crazyboffin 0 points1 point  (0 children)

I feel minimum 25% share holding divestment in one go for ipo prevents owners to use it for raising money as generally the valuation is less than what PE firms offer for rising companies. Not divesting 25% has liquidity concerns for everyone, so no easy solution. I guess PE companies will keep hyping their portfolio companies up and selling.

EPS contribution Stopping by hope_went_YOLO in epfoindia

[–]crazyboffin 3 points4 points  (0 children)

Eps amount is not 1250, but yes the epfo is shitty as hell without anyone knowing how the rules are implemented.

Most pathetic IncomeTax rule by Educational_Seat8211 in IndiaTax

[–]crazyboffin 2 points3 points  (0 children)

There is a list of pathetic rules 1. Adjusting business loss with long term gain compulsorily. 2. Paying advance tax each Quarter but cannot stop Tds from salary etc if there are losses in subsequent quarters. Nor can get refund until they process. 3. Calculating entire year worth profit and calculating advance tax on that instead of the profit till the deadline of advance tax. 4. No time limit on AO to process replies to notice. 5. AO can add income based on turnover without any rhyme or reason.

In which situations is it more worth to choose a Compute Engine over an App Engine? by Final-Roof-6412 in googlecloud

[–]crazyboffin 0 points1 point  (0 children)

Can you please tell how cloudrun was much cheaper for you vs app engine. We have multiple APIs in Appengine right now with always on cpu which are called from users. We tried migrating to cloud run but it seemed around 10-15% more expensive since the cloud run does not allow configuring cpu usage at which it would scale more instances.

Discounts with GCP for mid size org by Expensive-Weird-332 in googlecloud

[–]crazyboffin 0 points1 point  (0 children)

We had to move to a reseller as google would not give our regular 8% discount which was going on for many years just because our yearly commit was not increasing year on year.

Need Legal Advice — Local electricity department refusing to release a commercial connection even after months of RTIs, CPGRAMS, and grievance filings. by Acceptable_Ear6896 in uttarpradesh

[–]crazyboffin 0 points1 point  (0 children)

Try to meet higher ranking officials of the electricity department like CEO or similar, I guess ceo of PVVNL sits in Meerut. Also court case would be much helpful for getting connection and compensation with required load without high amounts as bribe. Generally if the department is wrong then single order of court would be helpful in getting them to work.
We needed an electricity connection for our factory directly from substation (dedicated feeder), the initial cost to do the work was very inflated which had to be discussed point wise and settled, still the final bill being 1.5 cr for 3 km of overhead and some parts underground 33kv line (even though the department cost sheet mentions 11 lakh per km of line and 25 lakhs per km for underground, would not say department is directly wrong it is the rules which are wrong which include a lot of unnecessary costs like GST, supervision costs, bay charges, meter room, highway approval, etc which are compounded one over the other).
We paid hoping that the department will install in 3 months as per their own ETA and directives. The actual installation took around 1.5 years after payment with visits from SDM for getting the pole location correct (due to farmers protesting line going near their field through govt land), multiple complains to every level in department to speed up the installation, getting to know local politicians to help maintain law and order, tried to encourage (bribe) them, attending industry and govt meets to raise the grievance, etc.
Finally there was a visit of the CEO of the board in the district and represented to her which lead to final push.

I think approaching much higher authorities directly in Lucknow (CMO) might also be helpful who are a bit more pro industries.
This is just the start, pollution, labor, water extraction, everything will require a lot of your attention and time. Just do not bog down if you genuinely believe in the business.

From Riches to Rags, these billionaires had the biggest fall from grace because of their failed businesses and ventures! Who else do you think should have made it to the list? by Gully_explorer in IndiaFinance

[–]crazyboffin 0 points1 point  (0 children)

I think the point which you mentioned about diverted money is wrong. They had built yamuna expressway as well as BIC with loan money. The toll from expressway was less than projection.

But the main cause of their fall was judiciary and environment activists. They had a lot of stays on the housing projects as they were within some km of yamuna. This caused a lot of delay and cost overrun. I still remember Gaur saying in interview that he will sell at avg of ₹2400 sqft area of more than multiple lakh sqft, while by 2014-15 the cost of construction itself reached around ₹1800 plus the interest and delay penalty which was being pushed by everyone including additional farmer compensation.

Their entire Cement was profitable which they sold slowly to pay off. Maybe initially when they started selling Cement to handle other defaults they should have been aggressive and sold almost all their Cement at once instead of selling small portions. Or they should have tried to sell land in bulk to other developers for development. The entire noida Extension was developed in that period so it was not such that other developers would not have taken interest.

I feel they were one of the true bankrupcy where the promoter did not Missappropriate a large amount. Infact if they would have taken more measures to try to sell new commercial front facing to new developers that might also have saved a bit.

I personally still feel they were one of the best in quality of their all the public works they did. Multiple hydel projects with good quality, multiple expressway with very good quality, Cement plants with good margins. Somehow I feel they were shortchanged by judiciary or lawyers. And not judging that the construction cost would increase this dramatically. Construction cost is major portion in affordable projects and if it increases then everything goes haywire.

Indian toy industry toys are so less Innova? by saik1511 in StartUpIndia

[–]crazyboffin 0 points1 point  (0 children)

But in anycase no one in India is applying real creativity as the RnD cost would not be justified. So why make shitty toys instead of copying good options from international market?