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Paul Koshy

@Paul_Koshy

Feb 21

Sharing an observation
Post lockdown, especially during the past 8 or 10 months, most of regular house maids working in our residential area have vanished.

They have been replaced by people who have not worked as maids before. Many come for work in their 2 wheelers. Well groomed

My wife was hesitant to employ one of the new maid that we have at home. She tells me, this lady does not appear to be like the others that we have had. That she looks to be from a financially comfortable, and no reason to be working as a cleaning maid.

We employed her.

Then we learnt that her husband has a job as an electrician and earns well

But Covid and inflation has rinsed them out of their savings. So she decided to look for work and restore their rainy day buffer

Around mid 30, she has never worked anywhere before. This is a stress job

Read 8 tweets

Paul Koshy

@Paul_Koshy

Feb 15

@narendramodi

India as a Nation is in serious danger because of @narendramodi 's refusal to discuss the China threat in the Parliament.

One can understand his compulsions. The debate would defuse his strongman image built through Lakhs of Crores of investment in media and gifts.

China's plan to expand its rail network in Tibet from the current 1,400 km to 4,000 km has serious implications for India's national security. Stretches of rail lines will run close to the Line of Actual Control (LAC).

This means that Chinese trains carrying thousands of troops can be deployed swiftly right up to the disputed India-China border; that gives the Chinese army a big advantage in the event of war as India does not have overland connectivity infrastructure on its side of the border.

Read 11 tweets

Paul Koshy

@Paul_Koshy

Feb 12

India's budget places Health as a low priority component

Among these central sector schemes, the budget allocation for the National Health Mission is ₹29,085.26 crore in 2023-24, and for Pradhan Mantri Jan Arogya Yojna (PM-JAY), it is ₹7,200 crore which is around 1.29% of GDP

Government hospitals accounted for 17.3% of current health expenditure or recurrent expenditures for healthcare purposes excluding all capital expenditures, while private hospitals accounted for 28.7%.

The biggest chunk of current health expenditure was pharmaceuticals (33.8%), including prescription medicines as well as over the counter medicines.

Inpatient curative care accounted for 34.6% ;outpatient curative care- 18.9%, while preventive care accounted for just 9.4%.

Read 17 tweets

Paul Koshy

@Paul_Koshy

Feb 10

The share of tax collection that is NOT to be shared with States has been increasing.

This increase is on account of the policy changes that the Union Government has brought, such as:

[ Increasing share of non-sharable Tax Collection (%) 👇]

- Introduction of Special Additional Duty of Excise on Motor Spirit

-Road and Infrastructure Cess in 2020-21,

-Agriculture Infrastructure and Development Cess in 2021-22.

Because of these changes, in FY 2022-23 and FY 2023-24, more than 17 percent of central tax collection will be outside the divisible pool.

Hence States will not be able to get the full benefit of high growth of central tax collections.

Read 16 tweets

Paul Koshy

@Paul_Koshy

Feb 7

List of 28 people who looted money from Indian banks:-

1) Vijay Mallya
2) Mehul Choksi
3) Nirav Modi
4) Nishan Modi
5) Pushpesh Baidya
6) Ashish Jobanputra
7) Sunny Kalra
8) Aarti Kalra
9) Sanjay Kalra
10) Varsha Kalra
11) Sudhir Kalra
12) Jatin Mehta

13) Umesh Parikh
14) Kamlesh Parikh
15) Nilesh Parikh
16) Vinay Mittal
17) Eklavya Garg
18) Chetan Jayantilal
19) Nitin Jayantilal
20) Deepti Chetan
21) Saviya Seth
22) Rajeev Goyal
23) Alka Goyal
24) Lalit Modi
25) Ritesh Jain

26) Hitesh Nagendrabhai Patel
27) Mayuriben Patel
28) Ashish Suresh Bhai

The total amount looted is Rs.10,00,000 crores

Take notice, there's Something special about them....

Read 5 tweets

Paul Koshy

@Paul_Koshy

Feb 6

LIC publicly holds 96 stocks with a net worth of over ₹ 1, 24,366.2 Cr

Out of this it invested ₹30,127 Cr in Adani group assets. That's 24% of its total exposure in the stock market

The total Equity based mutual funds in India has invested just ₹25,263 Cr to Adani Group.

Among the 44 MFs, SBI Mutual Fund had the highest exposure of ₹6,142 crore to the Group, with the biggest investment of ₹2,776 crore in Adani Enterprises, followed by ₹1,816 crore in Adani Ports & SEZ and ₹790 crore in Ambuja Cements.

Kotak Mahindra MF had an investment of ₹2,329 crore - ₹1,080 crore in Adani Ports & SEZ, and ₹661 crore and ₹495 crore in Ambuja Cements and Adani Enterprises, respectively.

Nippon India MF and ICICI MF have almost same exposure of ₹2,095 crore and ₹2,092 crore

Read 9 tweets

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