Does this mean businesses with under Rs. 5 Crore turnover (and 95% digital) don't need to have auditors right now? And this will increase to Rs. 10 Cr?
This had been one of my key suggestions.

In the insane bureaucratic un-#easeofdoingbusiness of India is this just one more dumb rule which doesn’t help?

You still need “statuary audit” but not tax audit, and still need “tax audit”when you make a loss? To increase your losses?

@nsitharaman

Why? I don't need any "statutory audit" when I open a company in the US. It's different if it is a public company. If it is a private company, let the shareholders set what compliance they need if any. Who is it protecting other than CA income?

And Nirmala ji has done nothing to do away this absurdity of statutory audit with all the claims of making it easy for MSME?

@nsitharamanoffc @PMOIndia

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More from @sankrant

2 Feb
Marco Polo's observation about India. From Venice, he travelled extensively in the Middle East and China. Of course, take accounts with a grain of salt.

But of India, likely Tanjore, "it is the richest and most splendid province in the world." This from the Court of Kublai Khan. Image
Also observed by other ancient travellers. That people in India do not drink alcohol. Another traveller (I forget which) said that this is considered "low" because it causes loss of awareness. At the same time sexual pleasure is not "sinful." (Sex as sin comes from Christianity). Image
This quote that led me to the book—in India dark skin is a sign of beauty. "God and saints are black, devils are all white."

He is using a Christian lens, but this is certainly true as deities go. Vishnu, Rama. Krishna, are all dark. White-preference happens after colonialism. Image
Read 6 tweets
2 Feb
Good thread. We must understand the motivations of Europeans in spinning “Greek” origins.

The Church was in a war for supremacy with Islam in the Middle East. And Europe.

The advent of Christianity and its destruction of pagan knowledge had led Europe into the Dark Ages. 1/
The persecution of Greek philosophers by Christians led to them fleeing to the Middle East. From the 8th to 14th c there was a flourishing of knowledge in Baghdad under the Abbasid Caliphate, building on pagan knowledge.

(Ref: Greek destruction here)

indiafacts.org/dahi-handi-deb…
As @MeruPrastara documents, the flourishing of knowledge during this period had little to do with Islam per se but was a continuation of earlier pagan knowledge built up by the Arab & Persians, from Greek sources and knowledge from India and China. 2/

Read 10 tweets
30 Jan
I order service providers from #UrbanClap and find that most of the providers are not Hindus. Hindus have been losing out on trades where they were historically very skilled. Who will explain why.
Interesting responses.

This part is true. Pursuing education which is largely useless but for a few. So have neither learnt skill nor has education yielded results.

So end up in low pay unskilled waiter, call center, peon jobs. “English advantage.”

https://t.co/zJJKQSBurK
How did forced "education" via RTE impact this? Schooling is compulsory, learning anything is not. While those who go to Madrassas have freedom to pursue skills, get "attendance."

RTE act was designed by UPA to kill Hindu independence. Cheered by BJP.

sankrant.org/2014/11/rte-ac…
Read 8 tweets
27 Jan
“Monotheism” does not mean “God is one.” It means “there is one God, that god is MY god, all others are FALSE gods.”

There is no concept of “false gods” in Advaita or Hindu philosophy, no concept of “shirk.”

Monotheism is an imperialist ideology of intolerance and erasure.
Most Hindus don’t understand this (Sikhs do even less).

Neither Sanatan nor Sikhi is “monotheistic.” Monotheism is an ideology of supremacy, the elevation of a petty tribal god to the pretense of the Universal. It is ignorant tribalism universalized.

https://t.co/JDhOHnmGIT
Only the Univeral Consciousness can say no matter who you pray to, the prayers come to me.

A petty jealous rakshas “if you pray to anyone else, make anyone equal to me, or my partner, I’ll send you to hell.”

https://t.co/taFuOOnGWo
Read 57 tweets
27 Jan
One simple action by @meaIndia will curb the Khalistan menace. Those with links must be denied Visa and OCI benefits to India. They can create Khalistan in Canada.

The complete lack of proactive action by the #GOI to protest its interests always baffles me. #KhalistanExposed
Yes, a little bit of spine. Confiscate properties in India, redistribute land to poor farmers in Punjab. If Communists can do land redistribution in Bengal why can't GOI do it in Punjab. A lot of the jagirs were obtained by collaborators of the British.

Absolutely. Shouldn't all the "social justice warriors" line up for land redistribution in Punjab for poor farmers and landless workers?

Read 4 tweets
23 Jan
Not only that, if you see the credits of the final Matrix Revolutions, you hear Ma Stuti in the background. I had tears.

No "evangelism", no billion $ conversion campaigns, but dharma touches people. Rises.

That which is Sanatan will never perish. "Prophets" will come and go.
Listen from 1:20

Forget Hollywood, I was at the Red Theater in the heart of Beijing. And the play was a very Indic journey of a kung fu warrior monk to enlightenment. Meanwhile, India has the trash "Kingdom of Dreams." @SanjeevSanskrit @swati_gs

Read 4 tweets

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