Stocks

INR is a falling knife. Change 5000 INR into Thai currency (THB)-- you will get 1030 THB. Now, try changing that 1030 THB back to INR, you will get only 2989 INR back (instead of 5000). This 40% "spread" indicates how illiquid (& weak) INR is. - No one bothers. - Media won't educate you. - Everyone says: why even bother, you will stay in Indis; spend in India, right? Wrong. That's not how it works. Just because YOU don't spend in USD or AED, does not mean that it doesn't hurt you. India is a net importer. And, is likely to remain so. Whenever something is imported, you need to pay in a foreign currency. Just because you are not paying this "directly" does not mean this payment is not happening. As the currency falls, your buying power (globally) gets depleted. Solution? if you want to travel abroad, send kids abroad, plan your retirement or simply retain your buying power: Start saving in a foreign currency. Example: invest in US stocks. This is legal. One of the many ways. Else, you might look at your SIP growth= 12% Pay 12.5% tax= roughly 10.5% Currency depreciation = 8% Net returns= 2.5-3% The new reality is: to retire in India, you need to invest abroad. The sooner you get started the better it is. India is a great growth story. Use it strategically. Don't buy it at any valuation. Buy it only when the valuations are low.

Please enlighten us where is this “assured 50% formula” is even mentioned in the Bills shared with the MPs. P.S: Many from Southern States say even this “assured 50% formula” is discriminatory to the States that complied with the population control policy of the Centre.

Desi cramer is crying, what else would you need for a bottom lol

lol they are going to take gold up to $6500-7000