LivingOnAPrayer
16.2K posts
LivingOnAPrayer
@joyghosh2
Writer, sports and music enthusiast. Views are personal. RTs are not endorsements. Argue, don't abuse
Mumbai Katılım Nisan 2011
1.2K Takip Edilen1.1K Takipçiler
Declare gold a sin good. Just like tobacco and alcohol. Impose 200% duty on import of gold. People will naturally stop buying gold. It will mean short term pain but reduced dollar outflow and better rupee and CAD support.
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May ke mahine mein winter ki sabziyan - gajar & matar, more matar + bajra, AND PANJIRI! Broccoli hehe what?
Sure-shot menu for an upset tummy. My (very-Punjabi) nani would have slapped this menu, twice.
Here’s what she’d serve if she were doing a vegetarian summer menu (I mean ghar par guest aate the tab non-veg banta tha, something special - it was a reason/excuse to make mutton-chicken/fish but khair woh chodo, there’s enough to lament if you just think about the (lack of) seasonality in this menu.)
Coming back to what Nani would serve:
Aam-ka-Panna, Lauki Kofta, Bharwan-Tinday, Kathal-ke-kabab with Kairi + Pundhina chutney, Bhindi-ka-Raita/Kheere-ka-Raita, Sirka-Gud waale Baingan, Kadhi (and plain chawal), Wadi-waale Chawal, Ajwain-Mirch Paratha, Pudhina Paratha, Gudamba, and for dessert thandi thandi Kulfi or Mango Kulfi or Mango ice-cream, or Mango-cream (fresh malai).
I’d love to know your summer menus too.
That fresh-fruit better have mango in it.
Okay now about the seasonal eating - if the ‘first-kitchen’ itself is forgetting the very ethos of how we eat seasonal, and celebrate farm-fresh produce (as opposed to cold-storage produce), then we are trundling down a very sorry path: all the food & nutrition panels being organised by food & agri policy research institutes - I was part of one a couple of months ago and seasonal eating was so big on the agenda, what’s the point when this is the message going out from kitchens that have a voice?
Sidhant Sibal@sidhant
Menu of the banquet hosted by President Murmu in honour of Vietnam president To Lam
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@sidhant No offence meant, but even a normal upper middle class vegetarian person wouldn’t eat this in a restaurant. Who goes to have khichdi and papad and chutney ??? Or peas pulao. Name it whatever you can…
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Menu of the banquet hosted by President Murmu in honour of Vietnam president To Lam
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@anuragsingh_as These excel sheet warriors have become a menace.
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Let’s extend the same calculations to a 25 year old spending 2 lac a month.
After 40 yrs of 9% inflation, he’ll spend 63 lac/mth ie 7.50 crore/yr.
At 65 yrs, he’ll need a corpus of….hold my beer - Rs 300 crore.
How does one trust such financial planning?
Sandeep Jethwani@sandeepjethwani
If the 40 crore retirement number I shared shocked you, this post is for you. Here is what I said. If you are 40 today, spending 2 lakh rupees a month, with no EMIs to service, and you want to retire at 60, you will need 40 crore rupees. The comments had a lot of pushback. The number feels impossible. It is not. Let me show you why. Two assumptions drive this number. Inflation and life expectancy. Both are higher than what regular retirement calculators assume. Both are right. Start with inflation. Retail CPI in India is 5 to 6%. That is the inflation of atta, dal, and bus fare. It is not the inflation of an affluent household. Private healthcare in India runs at 12 to 14% every year. Domestic staff wages in metros are growing at 10 to 12%. Premium school fees, international travel, club memberships. All of these inflate between 8 and 10%. Blend them and you get 9%. That is the real inflation rate of an HNI lifestyle. Now life expectancy. Most Indians plan their retirement assuming they will live to 75 or 80. That is what national averages suggest. But national averages are pulled down by infant mortality and rural data. They have nothing to do with how long a healthy, affluent Indian actually lives. For a couple aged 65 today, there is a 71% probability that one partner reaches 85. A 44% probability that one reaches 90. Now the math. 2 lakh rupees a month at 9% inflation becomes 11 lakh 20 thousand rupees a month at age 60. That is an annual spend of 1.34 crore. Plan for 30 years of retirement. Your retirement portfolio which is focused on capital preservation (60% fixed income: 40% equity) earns 9%. Your Inflation is also 9%. Your real return is zero. So corpus needed equals 30 multiplied by 1.34 crore. That is 40 crore. Here is the good news. This number is not as far away as it looks. At 12% returns before retirement, 40 crore at age 60 translates to roughly 4 crore today for a 40 year old. The point of this message is not to scare you. It is to make sure you understand the silent erosion of purchasing power that inflation causes.
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@sandeepjethwani @ShwetaRKohli Such people only sell their gyan to less than 1 % Indians. In a country, where 80 crore people are dependent on free rations, these numbers are irrelevant. Most people at 40 or 60 will retire with not more than 2-3 crore, even less, and live happily ever after.
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If the 40 crore retirement number I shared shocked you, this post is for you.
Here is what I said. If you are 40 today, spending 2 lakh rupees a month, with no EMIs to service, and you want to retire at 60, you will need 40 crore rupees.
The comments had a lot of pushback. The number feels impossible. It is not. Let me show you why.
Two assumptions drive this number. Inflation and life expectancy. Both are higher than what regular retirement calculators assume. Both are right.
Start with inflation. Retail CPI in India is 5 to 6%. That is the inflation of atta, dal, and bus fare. It is not the inflation of an affluent household.
Private healthcare in India runs at 12 to 14% every year. Domestic staff wages in metros are growing at 10 to 12%. Premium school fees, international travel, club memberships. All of these inflate between 8 and 10%. Blend them and you get 9%. That is the real inflation rate of an HNI lifestyle.
Now life expectancy. Most Indians plan their retirement assuming they will live to 75 or 80. That is what national averages suggest. But national averages are pulled down by infant mortality and rural data. They have nothing to do with how long a healthy, affluent Indian actually lives. For a couple aged 65 today, there is a 71% probability that one partner reaches 85. A 44% probability that one reaches 90.
Now the math.
2 lakh rupees a month at 9% inflation becomes 11 lakh 20 thousand rupees a month at age 60. That is an annual spend of 1.34 crore.
Plan for 30 years of retirement. Your retirement portfolio which is focused on capital preservation (60% fixed income: 40% equity) earns 9%. Your Inflation is also 9%. Your real return is zero.
So corpus needed equals 30 multiplied by 1.34 crore. That is 40 crore.
Here is the good news. This number is not as far away as it looks. At 12% returns before retirement, 40 crore at age 60 translates to roughly 4 crore today for a 40 year old.
The point of this message is not to scare you. It is to make sure you understand the silent erosion of purchasing power that inflation causes.
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@liyakadav @prempanicker These are people of the same age group. No one is older or younger. They have spent the same/ give 3-5 years/ in the profession.
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@prempanicker Don’t be an asshole, oldman. Like, maybe just try not to be a total asshole for once?
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😏
barkha dutt@BDUTT
Not been regular on x on my reporting trip - just got into dubai from Dibba, Fujairah , Sharjah and the closest point you can get to Strait of Hormuz in the UAE - ( 7o nautical miles away ) to find folks like @prempanicker @minicnair in a twist because they don’t like the balconies I do our live shows from. Normally would ignore this lot. But just wanted to express my LOL 😂 at how obsessed they are with me - thank you. I wish I could return the compliment but I can’t. They Clearly don’t understand the first thing about broadcasting, visual media, need for height, for camera shots and stable internet lines. Sorry but duffer level discourse while a war in on. 🤣🤣🤣🤣🤣- this balcony shot is just for these weirdo armchair wallahs - my special gift
ART
@sheela2010 No one says govt should not resort of courts but then, cases are delayed due to unpreparedness… that is the problem. Please do some basic research before making random comments. Also, how many cases are govt fighting against builders? Won’t be a handful compared to other issues.
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Surprised that honourable Justice BV Nagarathna thinks government should not take resort of the courts.
Why not?
I know dozens of serious revenue cases where the government is not going to the courts to save people’s money.
The government’s reluctance to litigate is invariably misused by private parties.
In Mumbai most of the builders are the ace abusers of existing laws. Why not our government should contest their claims on public properties.
Sorry, disagree Judge Sahiba.
Bar and Bench@barandbench
Government is the single largest litigator, we are carrying the burden of the evasiveness of the government in the judicial system. The government publicly expresses concern about judicial backlog while simultaneously feeding that backlog through relentless litigation: Supreme Court Justice BV Nagarathna
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LivingOnAPrayer retweetledi
Not every inspiring sporting story ends with a trophy. Over the last few days, Lakshya Sen has shown India what courage, resilience and belief truly look like. His run to another All England final, through extraordinary wins and immense physical pain, has been about far more than a result. He has reminded young India that greatness lies not only in winning, but in the honesty of effort, the dignity of the fight and the strength to keep believing. I am Proud of you, @lakshya_sen . Very, very proud.
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Only 1% will get this right without a calculator.
What’s your answer?
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@greatbong @iamagoodman321 Do you realise the difference between moral and financial corruption? One benefits few, other screws up the nation. Grow up, you are educated enough.
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@iamagoodman321 Not so slow (after all slowness is a characteristic of your leader), this protest isn’t on the tracks of the commonwealth games. You do the notice the difference right ?
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@chandrarsrikant I don’t see any reason to give tips on app. I would give them in cash when they deliver. Most people do that.
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Several industry sources told Moneycontrol that most users do not tip their delivery riders. "Only around 3–5 percent of total transacting users tip these delivery boys," a top executive at a large delivery platform said on condition of anonymity.
There are about 30-35 million unique monthly transacting users (MTUs), at best, who purchase on quick commerce platforms and order food online.
Chandra R. Srikanth@chandrarsrikant
Only 1 in 25 users tip delivery partners on Zomato and Swiggy, tipping is rare for food, quick commerce orders By @AryamanGupta_ moneycontrol.com/news/business/…
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@_sharmashantanu @SriniVega Bro it's passive interest income so whatever salary you're already making, this is on top of that..
Think about it
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If your lifetime savings are ₹50 lakhs, don’t listen to finfluencers.
Park it in an FD.
Earn 7% (senior citizen) or at least 6%.
Sleep peacefully.
Don’t touch F&O, currency, scalping, or any form of trading just because someone says it’s “easy money”.
Capital once lost never feels the same again.
#Srinivega #OptionsTrading #Investing
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@MihirkJha Rajdeep is talking about those lakhs who barely make a living in this profession. He and his wife come from rich families as well so his money is not important in this context.
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@murdockpov It was a wonderful partnership. Two greats, at their best.
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After forcing the exit of senior stalwarts without any succession planning, to now claim transition is kin to the guy who murdered his parents and then begged the court for mercy on the grounds that he is an orphan.
Vinayakk@vinayakkm
"Buck stops with everything in the dressing room..." goes on to call out batting collapses and later says shouldn't play to the gallery. "I won't ever give excuses..." goes on to give excuse. "I hate this word transition..." goes on to say this is exactly transition. 👌🏾
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