Uber eats swiggy and Zomato are like ulips. You just can't estimate final bill until you add to cart apply coupons and then see. Just found that doing two orders from same restaurant on one of them was the best option.
The prices on the apps are totally weird. They bump up prices and add taxes and delivery charge and then give a discount....after which it's cheaper than going to the restaurant direct. But no coupon and you pay a lot more.
This means to me that the discounts exist to keep demand going...infact some restaurant owners tell me to.order on some app even when I go there to take a delivery.
The economics are interesting even if I don't really care about the saving in absolute terms. It's now a game to win just because I get irritated with the bumped up prices.

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More from @deepakshenoy

Feb 22
A 🧵on why Vaidy of IDFC First Bank would want to gift his house help shares. It's an interesting tax thing. And a way to get goodwill (though there are some negative points)
Context: this note by IDFC First Bank yesterday that said Vaidy has donated 900,000 shares to his house and office help, to help them buy houses: Image
Vaidy could have done it another way. Could have sold the shares, paid 10% tax on the profit and then pay the remaining to his help.

He'd also have to explain to hajaar people about why he did this, and then saying giving to help etc. sounds like a weak excuse (like "charity")
Read 6 tweets
Feb 21
RBI will do a sell buy swap for $5 billion rbi.org.in/Scripts/BS_Pre…

A quick 🧵thread:
Means RBI will sell $5bn USD on March 10, 2022. It will also buyback $5bn USD on March 11, 2024, two years later.

Banks can say ok I want $100 USD and I will expect RBI to pay me back say Rs. 2.5 more after two years. That's the "auction" where banks will bid for the premium.
If I'm a bank I can borrow 100 USD at say Rs. 75 so I have to pay back 100 USD in two years, so how much rupees should I get? Effectively, I will quote the two year interest on the rupee - roughly 4.5% a year +/-some view on how the rupee will depreciate in the meantime.
Read 6 tweets
Feb 19
The NSE Order is a crazy read. The juiciest bits have been discussed of course, but it's amazing how the largest stock exchange has been run. Disclosure: I own BSE, and I think SEBI should quickly level this field (the way they did when BSE was a near monopoly)
Chitra Ramakrishna was CEO between 2013 and 2016. A strange "yogi" was there. She shared confidential details of the NSE with this person: Image
The problem isn't the sharing, apparently. It involves another strange person: Anand Subramanian, a consultant at a Balmer Lawrie subsidiary, who was hired to become big ass consultant at NSE, with his salary going from 1cr+ to 4 cr+ per year between 2013 and 2016.
Read 11 tweets
Feb 2
A thread 🧵on how much retail investors (individuals) dominate daily investing in the markets in India, from the NSE Pulse: static.nseindia.com//s3fs-public/i…

They're 41% of the stock market transactions - down from 45% in 2020-21. Still, massive.
Individuals are 29% of index futures - a big drop from 39% in FY 21 and give way to brokers (PRO).
They give way to FIIs and PRO in the stock futures segment, down to just 19% in FY22 (which is April 2021 to March 2022)
Read 8 tweets
Feb 1
Crypto tax: All sales taxed at 30%. No deductions of brokerage etc. allowed. No set-off against any other losses allowed (Is this reading right: you can't even set off losses in other crypto transactions)
1% TDS by the seller on the transaction:
Wording might be
a) crypto against crypto is allowed due to phrase "aggregate of the income"
b) Brokerage could be allowed as cost of acquisition
Read 6 tweets
Feb 1
Budget 2022: The Big Thread on all things that will be super important today! #Budget2022

Note: no investment advice. Large attempts at humour, not always successful. You've been warned.
cc @capitalmind_in
We start with markets, of course. Here's something to keep you occupied for the next 5 seconds: How markets reacted before, during and after budgets, since 2001:
India's tax rates across the years (I've only looked at personal tax rates)
Read 72 tweets

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