Partner @compcircle. Working in wealth management, Mumbai. Plain-English money basics, plus food & cricket. Views personal. Not investment advice.
mumbai
Joined February 2011
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Truly a very positive move by SEBI
Mandar Silam retweeted
Revenue growth of NSE 500 cos for Q1 was 21%.. when u meet managements they r upbeat ..concern is not demand ..it’s raw material, input cost.
GST, IIP nos ,bank credit reflect economic momentum. Focus on stronger balance sheets n cash flows as cost of capital goes up.
Mandar Silam retweeted
Cost of Vada paav when I was Born :25 Paisa
Today : Rs 25
Cost of Tibb’s Mutton Frankie : Rs 3
Today : Rs 335
In 45 years that’s ~11% inflation
FDs won’t even beat a Vada Paav inflation. Invest in equities .Will be volatile, give negative returns in some years but will beat inflation over long term.
Credit @pareshreliable
Mandar Silam retweeted
This is encouraging. Some policy measures expected to attract capital flows from FPIs specially sovereign funds 🤞
Our trade deficit is over $100 Bn annually & will take time to reduce. We need capital inflows of $40-50 Bn annually as FCNR deposits will also be due 3-4 years.
This hits hard. The system failed him at every step- the dealer, the insurer, the policy fine print. But here’s what most people also don’t know: you can challenge a rejection at the Insurance Ombudsman if the modification wasn’t the proximate cause of the accident. It’s not over until you fight it.
Important -
Two things every modified car owner should do TODAY:
→ Email your insurer declaring all modifications (creates a paper trail)
→ Get an endorsement added to your policy
The premium increase is a fraction of what you’ll lose if a claim gets voided. Prevention costs nothing. Ignorance costs everything.
A young man saved for 2 years.
Bought a brand-new Mahindra Thar. ₹19 lakh.
Met with a serious accident months later. Survived — barely.
Filed an insurance claim confidently.
It was rejected.
Not because he was drunk. Not because the policy lapsed.
Because he had changed his tyres.
Aftermarket tyres. The kind lakhs of Thar owners install every week. The kind you see on every off-road Instagram reel.
His insurer said: "Undisclosed material modification. Policy void."
Under IRDAI rules, an insurer can legally reject your entire claim if you modified your vehicle — even if the modification had NOTHING to do with the accident.
No one told him this when he bought the policy.
No one told him when the dealer fitted the tyres.
No one told him at all.
If you own a modified car in India — bigger tyres, alloys, suspension lift, body kit, remap — and haven't informed your insurer in writing, you are uninsured right now.
You just don't know it yet.
Save this. Forward it to every car owner you know.
When even 60-year-olds who’ve never traded before are maxing out margin and taking bank loans for leverage….that’s not FOMO, that’s the top screaming in your face. History is littered with these moments.
Koreans have now maxed out margin on KOSPI and are directly going to banks for loans. People that are 60 have never owned trading accounts and now it’s the fastest growing age group entering to buy leveraged semiconductors. Just one article of many describing the madness.
$soxx $dram
koreatimes.co.kr/amp/economy…
Couldn’t agree more.
The gold monetisation angle is the most underused lever in Indian policy right now.
One number that should make every policymaker uncomfortable.
Indian households hold 34,600 tonnes of gold worth $3.8 trillion. Nearly 90% of India’s GDP. Sitting idle. India’s annual crude import bill is $174 billion.
Mobilise just 5% of that gold and you have covered the entire crude import bill for the year.
Previous monetisation schemes failed because they asked people to melt ancestral jewellery. Nobody does that. The fix is a sovereign-backed deposit structure with real interest and zero questions asked up to ₹5 lakh.
Your four steps are bang on.
Energy security and gold mobilisation are the same policy. We just haven’t connected them yet.
Gold duty hiked ✔️
fuel price hiked ✔️ ( more reqd)
4 more steps needed
-launch gold monetisation scheme. gold upto 5 lac CNA be deposited in banks & some interest to be given(amnesty)
-easy KYC for NRIs.. open bank & Demat AC in India through Video KYC
- FPIs to pay tax on residency
-reduce cost of investing in India
Petrol and diesel just got more expensive. For the first time in four years.
This didn’t happen because of one bad day. It happened because 1,400 days of bad days finally ran out of road. 🧵
To be fair. This was unavoidable.
IOC, BPCL and HPCL were losing ₹1,600 crore every single day. Brent above $106. Rupee at 95.77. The math broke down months ago. Holding longer would have pushed the OMCs toward insolvency. That would have been far worse.
The hike was the right call. Late, but right.
India just more than doubled the import duty on gold and silver. From 6% to 15%. Effective today.
At current prices that adds roughly ₹13,900 to every 10 grams of gold you buy. Silver gets hit by about ₹25,000 per kilogram.
That is not a small number. That lands directly in the pocket of every Indian buying jewellery, every family saving in gold, every trader on Zaveri Bazaar.
The government knows this. They did it anyway. And that tells you exactly how serious the forex pressure has become.
India imports almost all of its gold. Every kilogram that comes in costs dollars we need right now for crude oil. Protecting the energy bill over the gold bill is the right call even if it is a painful one.
One thing worth watching closely. Sharp duty hikes have historically pushed gold underground. Grey markets move fast when the incentives are this large. That battle will need to be fought simultaneously.
But the intent is sound. When the reserves are bleeding and the oil tap is choked, you make hard choices.
This is one of them.
Everyone’s talking about Hormuz being blocked.
Nobody’s asking what India quietly did after that. Or what’s now happening to that plan.
Eight chapters. One story we all should be aware of. 🧵
Chapter 7 — Day 70
Here is the buffer reality.
India holds roughly 100 million barrels in strategic reserves at Mangalore, Padur and Vizag. That was built to cover about 40 to 45 days of Hormuz linked imports.
Today is Day 70 of the closure.
That number deserves a quiet moment.
Chapter 8 — मित्रो वाला संदेश
(The Real Message)
So when Modiji asked 1.4 billion people to work from home, cancel foreign trips, take the metro and hold off on gold purchases, a lot of people saw political messaging.
Maybe there is some of that. The timing after state election results is hard to ignore.
But strip that away and what remains is a government that knows its Plan A is choked, its Plan B is bleeding and its Plan C cannot scale fast enough. Every car that stays home is a few more barrels saved. Every trip not taken is the buffer lasting one more day.
That is not a motivational speech. That is a country buying itself time.
Sources: Reuters · CBS News · AXSMarine · IEA · Kpler · CNBC · OilPrice.com
