Krish Iyer

The Income Tax portal and AIS portal have been inaccessible for last 4 days due to very high load and servers not responding. II urge @FinMinIndia @nsitharaman to consider extension by at least one week.

The ‘law of unintended consequences’ seems to be operating stealthily in the prevailing tariff war unleashed by the U.S. Two examples: The EU may appear to have accepted the evolving global tariff regime, responding with its own strategic adjustments. Yet the friction has nudged Europe to rethink its security dependence, leading to higher defence spending in France and Germany. In the process, Germany has moderated its fiscal orthodoxy, which may well catalyse a resurgence in Europe’s major economies. The world could gain a new engine for growth. In Canada, long hampered by notorious internal trade barriers between its provinces, steps are now being taken to dismantle them, bringing the country closer to a common market and enhancing economic resilience. Both these ‘unintended consequences’ could become long-term positives for global growth. Shouldn’t India too seize this moment to shape a virtuous consequence for itself? Just as the 1991 forex reserves crisis triggered liberalisation, can today’s global ‘Manthan’ over tariffs yield some ‘Amrit’ for us? Two strong steps we can take today are: 1. Radically Improve Ease of Doing Business —India must go beyond incremental reform and create a genuinely effective single-window clearance system for all investment proposals. —While states control many investment regulations, we can begin with a coalition of willing states aligning with a national single-window platform. —If we demonstrate speed, simplicity, and predictability, we can make India an irresistible destination for global capital in a world seeking trusted partners. 2. Unleash the Power of Tourism as a Forex Engine —Tourism is one of the most underexploited sources of foreign exchange and employment. —We need to dramatically accelerate visa processing, improve tourist facilitation, and build dedicated tourism corridors around existing hotspots, offering assured security, sanitation, and hygiene. —These corridors can serve as models of excellence, encouraging other regions to emulate and raise national standards. And a broader action agenda to build on these pillars: Liquidity & Support for MSMEs; Infrastructure Investment acceleration; A Manufacturing Push, via enhancement and expansion of the scope of PLI schemes; Rationalise import duties so that duty on manufacturing inputs are lowered and assist in improving our competitiveness. Let the unintended consequences we create be the most intentional and transformative ones of all. We cannot fault others for putting their nations first. But we should be moved to make our own nation greater than ever.

One of the most reliable bottom catching indicators - DII net index futures positioning - hits an all time high. Likely that a multi month bottom in largecaps is in.

FY24 results are out and what a year it has been for Rational Equity Flagship Fund! - Ranked #1 AIF in India by PMSBAZAAR for 1 year performance. - Delivered 97.75% return during the year vs benchmark Nifty 500 TRI of 39.3%. - Doubled NAV since inception on 28 March 2023.

“Tell bosses, not workers” - A very relevant article by Arvind Panagariya on 70-hours work week debate. timesofindia.indiatimes.com/tell-bosses-no…

@hvgoenka @abhinav0427 You ought to have told your cook. that was the mistake. :)

@abhinav0427 I do - any time

And I had asked my wife to make pani puri for dinner tonight 🙈😱😤….

@LobsangJampa15 @aliaa08 @_Kalyan_K I have retired from Walmart in June 2020. Please don’t tag me in these messages.

#dishonestflipkart Closed ticket 109 times abruptly. No nodal officer exist. Crocodile skin.shameless dishonest people. #fraudflipkart #flipkartscam Appears that they forcefully collect banking details and sell at dark web. Careful @aliaa08 @iyerkrish @_Kalyan_K

Interesting take on market size and market research. economictimes.indiatimes.com/opinion/et-com…

@"India’s progress in 5 remarkable charts "linkedin.com/pulse/indias-p… on @LinkedIn

@zerodha Many thanks for a very prompt response.

@iyerkrish Hi Krish, you can submit a net worth certificate from the CA along with the UDIN number, and an IT declaration on company letterhead with the seal and signature of an authorized partner or signatory. Explained here: support.zerodha.com/category/accou… (1/2)

@zerodha My LLP was formed on 6.10.2020 and the first accounting year ended on 31.03.2022. You need a minimum of 2 years’ Balance Sheet. But a new LLP without any Balance Sheet can become a member. Isn’t there an absurdity? Please clarify.

@nsitharaman @FinMinIndia Thank you for an excellent budget and for taking care of honest income-tax payers at all levels. This will certainly drive consumption and growth and create a virtuous cycle.

@SupermarketWala Excellent insight, Damodar! Love your eye for detail.

Got 90 seconds? Sharing small things that help us be a #Smart #SupermarketWala What do you think?

This clip which has been making the rounds is rightfully raising an alarm. How’re we preparing, as a society, to guard against potentially deceptive content which at best, can be mildly entertaining, but at worst, divide us all? Can there be tech-checks that act as a safeguard?

@latha_venkatesh Closest proxy for Indian consumption story is HUL which has grown value sales in the back of price increases. Volume has been under pressure because of rural demand.

First DMart, now Asian Paints - Q3 numbers seem to be telling us that urban consumption is slowing

@airindiain Appreciate your transparency and prompt clarification/ action.

#FlyAI: Statement from Air India CEO

Delighted to see that taxpayers’ money is not being frittered away by government.

Will ⁦@airindiain⁩ take action against the apathetic crew too?

@SupermarketWala @SMARTStores_IN Brilliant insight, Damodar. 👏

Good selling displays vs Good looking displays. Think nuances; be a #Smart #SupermarketWala

Is there a way to curtail “paid” speech?