Going by how taxes on Fuel and automobiles are making the cost of ownership of vehicles so prohibitively expensive, I hope we don't end up becoming countries like Cambodia, where you can't buy a car & you don't have public transport.
Hope the govt does something..
You can't keep paying 18% GST + Road Tax + State tax if you want to buy a zero safety rated tin can and 43% GST for choosing a better car, and then pay 100 bucks a litre for petrol. It's not sustainable for anyone..
The manufacturers are also realizing that, there is no correlation between price and volume in the Indian auto industry, and there is only a small set of buyers they can target
And they will buy whatever the price
So car pricing has gone thru the roof. And the tax isn't helping
Nobel Prize Economist comparing Togo to India on mobile payments and saying Togo is better.
People in Sathankulam getting their subsidies directly credited to their account and then paying thru UPI in the nearest T shop still using GLS bulbs, saying
UPI has ensured India leapfrogged many western Countries in terms of digital payment infrastructure.
If Indian smartphone users were a country, they would be the third most populated country in the planet.
Our direct account transfer value is more than the GDP of Pakistan
But for western educated brown sahibs and their dependents in India, India will forever remain a poor, backward, technologically obsolete, useless hell hole upon which, they have a God given right to Pontificate.
Their relevance depends on projecting India as a poor country..
Post the battle of Buxar in 1765, where the East India company defeated the armies of Mir Kasim, (AKA, the SIL of Mir Jafar), the Nawab of Awadh & the Mughals, they were rewarded with the tax collection rights of India's then most prosperous provinces, Bengal, Bihar & Orissa
Getting the rights is one thing, but actually collecting the money is another. India already had an entrenched zamindari system for tax collection, which was proving a huge obstacle for the Brits.
Warren Hastings, the then Governor General quickly understood the difficulties.
So, to ensure smooth revenue collection systems, and the fact that it is the revenue collection part of it that will help the British in all other aspects, he decided to come up with a new idea, euphemistically called, Judicial Plan.
I am reading this book, "Sway : The Irresistible pull of Irrational Behaviour", where it gives the psychology behind irrational decisions.
The first case study in it was the world's worst Air crash, the Pan AM - KLM crash in Tenerife, where 583 people were killed.
The more I read about the accident, the more I am convinced about fate and the role that it plays in our life.
Two 747s that crashed on that fateful day, weren't even supposed to be there. There were supposed to fly to the Gran Canaria islands with loads of Holidayers.
And they were flown by the most experienced people in their respective airlines. The KLM flight was piloted by Jacob Von Zanten, the airlines chief flight instructor. He had appeared in KLM ads, as a metaphor for safety and responsibility.
There was a time, when one asset was freely available and nobody cared about it. You could mine out dime a dozen, and none gave a shit.
One fine some people said it was valuable. The price of the asset went thru the roof, even more than the average income of an individual.
Some people became rich and the others got into the mania, wanting to become rich. At one point in time, more money was made in speculation than actual asset exchange
One fine day, the asset bubble burst so badly, that many who had put in all their money, became bankrupt
If you didn't know what I am talking about, it was the Dutch Tulip Mania in the 1600s.
I love how people on Twitter are deciding, with patently false data, on how much profit a company should make.
I am pretty sure they would also be OK with the govt deciding and fixing what their salary should be and how much they should earn in a month.
Pricing a Vaccine depends on a lot of inputs. The manufacturing facilities, the storage cost, the development costs etc. Do we know how much it costs to deactivate a virus? Do we know how much it takes to scale it up for production? The cost of trial & distribution.
Probably No
But we quickly jump the gun on heaping abuse on a company making profits
And it's not like as if people don't have options. They can get it for free at the State govt hospitals. The higher end is for private hospitals, which looks OK