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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
Apr 27
Where was the security? Why was there no security?
Common questions after the #PahalgamTerrorAttack.
Valid, but here’s a counter view:

1/
2/
 Would you really like heavy security breathing down your neck at every holiday destination?
Would it reassure you - or spook you?

It’s normal to not have overbearing security everywhere.
That’s what a normal place looks like.
3/
 But Kashmir is not normal, one would say.
Really?
That’s not the political message. The political message of normalcy led to the boom in tourism.
Normalcy brought record voter turnout.
Normalcy had Kashmiris protesting this attack without fear of terrorists.

Some think the tide may have turned in Kashmir.
Read 8 tweets
Yusuf Unjhawala 🇮🇳 Profile picture
Apr 25
It’s a matter of when, not if India responds militarily to the #PahelgamTerroristAttack.
The question is—will it end it with one round of strikes or will it escalate, to a limited or full war?

As tensions rise a thread on my thoughts,

1/
2/
 If it stops at a limited strike, as I think it will, it will reset the redlines.
It will tell Pakistan: mass-casualty attacks will cost you.

Terror as an instrument of state policy will not come cheap.
3/
 But let’s be clear—this is a 24/7/365 fight.
A lull in terror attacks is not the end of terrorism. It’s just the enemy taking a breath.
Read 10 tweets
Yusuf Unjhawala 🇮🇳 Profile picture
Apr 13
🧵 of 13

I’ve been pointing out the problems with BIS and the QCOs (Quality Control Orders) that the Indian govt has issued.
They’re not helping Indian industry — in fact, they’re creating more red tape.

Why a product allowed in Europe may be blocked in India. Let me show you how Europe handles this. The difference is huge.

1/13
2/
 In Europe, products carry a CE mark.
That means: “This product meets European safety standards.”
But the company itself puts this mark — after testing and documenting the product.

The government doesn’t give permission. It trusts the manufacturer.
3/
 In India, many products now need BIS certification under QCO.
You can’t sell or import these unless you first get a license from BIS — after lab testing and factory audit.

This is a long, expensive, and often frustrating process.
Read 13 tweets
Yusuf Unjhawala 🇮🇳 Profile picture
Apr 13
🧵 of 16.

Let’s talk about the “cash” economy some people have talked about — often cited as a reason to bring in more rules and stricter controls.
Here’s the thing: not all cash is “black.” Cash is still a legal way to do business.

1/ 🧵
2/
 Yes, there’s untaxed income in the economy. But who’s doing it, and to what extent?

Mostly:
a) Very small businesses — often run by people who aren’t educated or don’t understand the compliances involved.
3/
 b) Some businesses are GST-exempt. That doesn’t mean they’re small. Think sabziwalas (the one in my area sure makes good money). Then there are autodrivers, cab drivers, delivery agents — they might be making taxable income ( Pre ₹12L threshold) but not filing returns.
Read 16 tweets
Yusuf Unjhawala 🇮🇳 Profile picture
Oct 6, 2024
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

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