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Yusuf Unjhawala 🇮🇳 Profile picture
@YusufDFI
Sep 14, 2020 • 8 tweets • 3 min read • Read on X
At least 30% kirana shops in Mumbai alone are on the verge of closure. More than 50,000 small sweet shops, those selling plastics, toys, bags and other small items have already vanished in parts of Karnataka deccanherald.com/business/econo…
Only 7% of the 7 crore small businesses are able to obtain finance from banks and other financial institutions, while the rest 93% traders are dependent upon informal source like family and friends to meet their financial requirements. deccanherald.com/business/econo…
A point that I’ve repeatedly raised for several years. Demo hit this section of business owners the most. They never figure in any gvt plan on supporting biz. And this sector gets tax terrored the most as well as they are small & vulnerable.
India came out relatively unscathed in 2008 because of its informal economy. That was destroyed in 2016-17. India would have been better placed to absorb the shock & recover from China virus if small biz were not hurt so badly in preceding years.
Something I’ve said repeatedly, from PM to FM to CMs, they all meet big businesses who get policy shaped to suit them. Ever seen any PM,CM go to say a Chavri Bazar in Delhi or an SP Road in Bangalore and the likes, to find out the needs & pains of small traders who employ crores?
Small businesses, traders should be the gvt’s eyes and ears on the ground. But all they get is neglect, and of course tax notices.
Can you imagine a roads outside giant companies being dug up & left unattended for months? Check the condition of infra where small traders are.The roads in my biz area dug months ago & not fixed. It collectively generates 100 Cr per day employing thousands. But neglected.
Would you find Mount Kachranunga outside big companies? These are old pics that ive tweeted in the past. But this is how it is close to my office.

This is the aukat of small traders. This is how they are “valued”. ImageImageImage

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More from @YusufDFI

Yusuf Unjhawala 🇮🇳 Profile picture
Oct 6
Analysts noticed that CCTV cameras in Taiwan and South Korea were digitally talking to crucial parts of the Indian power grid – for no apparent reason. On closer investigation, the strange conversation was the deliberately indirect route by which Chinese spies were interacting with malware they had previously buried deep inside the Indian power grid

engelsbergideas.com/essays/private…
The attack was not foiled by an Indian intelligence agency or a close ally. It was discovered by Recorded Future, a company in Somerville, Massachusetts, which claims to have knowledge of more global C2 nodes than anyone in the world, and which it uses to constantly disrupt Chinese and Russian intelligence operations.
The Chinese intrusion serves as a microcosm for intelligence in the modern age. The cameras in Taiwan and South Korea are among more than one billion around the world, forming a metastasising network of technical surveillance – visual and electronic, ground-level and overhead, real-time and retrospective
Read 5 tweets
Yusuf Unjhawala 🇮🇳 Profile picture
Sep 19, 2023
Canadian PM Trudeau accuses Indian gvt of killing a Khalistani in Canada and expelled an Indian diplomat. Relations going to be in deep freeze for the foreseeable future.
If there was credible evidence, Trudeau would’ve stayed away from G20 summit. I mean that’s a way to show all is not well, like Xi did. But he attended. Now in matter of days he has credible evidence. Doesn’t add up. Putting India-Canada ties at risk for his political problems?
Modi will be pleased with the accusation though. Taking out terrorist on foreign soil will be well received in India, which has suffered terribly to terrorism
Read 36 tweets
Yusuf Unjhawala 🇮🇳 Profile picture
May 20, 2023
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China. fortune.com/2023/05/18/chi…
An AP analysis of a dozen countries most indebted to China — including Pakistan, Kenya, Zambia, Laos and Mongolia — found paying back that debt is consuming an ever-greater amount of the tax revenue needed to keep schools open, provide electricity and pay for food and fuel.
China’s reluctance to forgive debt & its extreme secrecy about how much money it has loaned & on terms has kept other major lenders from stepping in to help..borrowers required to put cash in hidden escrow accounts that push China to the front of the line of creditors to be paid.
Read 9 tweets
Yusuf Unjhawala 🇮🇳 Profile picture
Oct 5, 2022
International relations are and must be guided by cold pursuit of national interests, not emotions.
Many mango Indians get influenced by emotions when it comes to Russia, US, Pakistan, rather than being guided by national interests. Relations are a means to pursue national interests, relations are not the end in itself.
India decided to go with the USSR in the wisdom of that time to pursue national interests. Post Cold War, for those stuck to the past & guided by emotions, relations with Russia became the end in itself not the means.
3/
Read 11 tweets
Yusuf Unjhawala 🇮🇳 Profile picture
Aug 3, 2022
If there is downgrading of economic ties between Taiwan & China as a punishment,which is likely, India must look to gain from it as Taiwanese companies look for alternatives. It’s not just semiconductors & electronics, but a whole lot of manufactured goods. Make for India & World
OTOH, It will make strategic sense for Taiwan to try and deepen economic relations with India, which benefits India in terms of technology and manufacturing.
Taiwanese businessman Keng Lee : We are businesses that are not conglomerates but have shaped the fortune of China and even the US. We can help turn India into an economic powerhouse newindianexpress.com/states/tamil-n…
Read 14 tweets
Yusuf Unjhawala 🇮🇳 Profile picture
Jul 6, 2022
India is the only country which not only has commie Left, but also some commie Right! The Left rightly gets called out for its love for China. But they are irrelevant now. The love for Chicoms among a section of Right, potentially influencing policy, is a national security threat
Subversion to change a rival’s policy is a cheap alternative to coercion,deterrence or diplomacy. Why raise an army & invade an adversary when you can spread propaganda,pay off politicians, or dispatch internet trolls to achieve subtler but tangible gains?
foreignaffairs.com/articles/world…
China has been playing down the crisis that it precipitated in 2020 leading to the loss of 20 Indian soldiers. It’s blames the US for the crisis! Some in India agree with that. Chinese embassy very active, has penetration our in media,as in other countries.Targets for subversion
Read 6 tweets

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