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FF 🇮🇳 Profile picture
@TheFactFindr
May 19 • 8 tweets • 4 min read Twitter logo Read on Twitter
#BRILLIANT #ANALYSIS

How many People get impacted by #taxterrorism of Newly implemented #TCS (Tax Collected at Source)?

ONLY 4.3 MILLION FAMILIES

That’s JUST 1.2% of INDIAN FAMILIES …. basically the TOP end of
India’s Travelling Abroad in 2019 has Still NOT been exceeded, so let’s use that Number. Indian who Travelled OUTBOUND in 2019 was just 27mn. ImageImage
Charts of Indians Travelling Overseas
Chart 1: Annual Trend
Chart 2: Percentage of Women & amen ImageImage
Of the 27 Million Passengers who Travelled Overseas in a year
40% is For LEISURE
19% is For BUSINESS
35% is to meet FAMILY (Parents Travelling to Meet kids or Brothers/Sisters meeting siblings)
6% is for PILGRIMAGE & EDUCATION

Business Travellers will NOT be hurt as per Govt Image
IN SUMMARY

👉 27 Mn Indians Travel Overseas/yr

👉 Of this 18% who Travel For BIZ & 35% for FAMILY should NOT get Impacted by #TCS

👉47% or 12.7Mn Can Get Impacted by #TCS

👉 Assuming 3 pax Per Family, That’s 4.3 Mn Families

India has 350 Mn Families. This is 1.2% of Them
Happy to hear your thoughts
@rattibha
SOURCE: Govt of India Tourism Report 2020 published in 2021

I considered Calendar Year 2019 data given COVID has impacted Calendar Years 2020, 2021. 2022 data is not available as yet

tourism.gov.in/sites/default/…

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More from @TheFactFindr

FF 🇮🇳 Profile picture
May 19
THIS IS #BIG ! #Hawala 2.0 Will EXPLODE in India post JULY 1st. Just My opinion:

By IMPLEMENTING 20% Tax Collected On Source (#TCS) on Foreign Spend (Currency, FX cards, Credit Cards, Debit Cards, Transfers), it becomes Increasingly more Cost Effective to Transfer Via #Hawala Image
If you try and BUY #Foreign Currency in the Black, that spread that used to be 2-3%, will now become 10% possibly

Unused Balances of Loaded Forex Cards will Go at a Premium of 10-12% Image
This REMINDS me of what happened in GOLD SMUGGLING in India post June 2022 when @nsitharaman decided to Raise IMPORT duty on GOLD to 12.5% from previous levels of 7.5% ImageImage
Read 9 tweets
FF 🇮🇳 Profile picture
May 18
WILL #ITC Hive off the Non-Tobacco FMCG ?
During Q4 & FY23, Operating PAT Growth delivered by #ITCs non-tobacco #FMCG business has been No1 amongst Peers.
Revenue (+19% YoY) but EBITDA (+76% YoY) & margins a respectable 13.3%
Will Investors Attach Super High PE to Non-Tobac FMCH biz ?
I was looking at DABUR, its Consold Op Profit and PAT declined in FY23 vs FY22... its 3 yr CAGR is just 6% (that's way lower than inflation). Its Fwd PE and EV/EBITDA is 47 & 34 respectively (marketScreener.com) ImageImage
Now lets look at ITC Non-Tobacco FMCG business. Q4 Segment EBITDA up 76% YoY against Q4 Segment Revenue up 19.4% YoY Image
Read 4 tweets
FF 🇮🇳 Profile picture
May 17
I am honestly surprised by #Fintwit waking up to this now !! I realised this on the day of the #Budget itself
👇
👇
Read 5 tweets
FF 🇮🇳 Profile picture
May 17
AI for personal Finance

Game-changer: ChatGPT for Personal Finance is finally here 🤯

Parthean AI is the world’s most powerful financial coach. Right in your pocket.
By integrating the most cutting-edge AI tools with your personal financial information, this new tool allows you to ask any question about your money and get answers that are personalized and immediate.
Examples of some of the cool things you can ask Parthean AI already:

- Where is my money going?
- How much can I afford to spend on a home?
- Am I paying too much in rent? 
- How can I improve my credit score?
- How much can I afford to spend on my wedding next June?
Read 7 tweets
FF 🇮🇳 Profile picture
May 8
As a #Kannadiga, U must READ THIS.

#Thread on how the #Foundation Stones & #Modus Operandi for dairy farmers of #Gujarat, who could eventually control not just Karnataka's Pride #Nandini but India's Entire #Dairy Industry

Crystal Ball Gazing into the future!!
CHRONOLOGY
1) Amul Enters a mkt
2) Jul-21: Union govt formed Min of Cooperation under #AmitShah
3) Dec-22: Amendments are made to the Multi-State Co-op Societies Act, allowing State Milk Coops to Merge
4) Dec-22: Amit Shah spoke of a possible #Amul #Nandini Merger
However (contd)
....While there is "No Merger on the cards", nothing stops the Elected Govt of Karnataka & Gujarat to merge #Amul & #Nandini since the Amendments to the Multi-State Co-op Societies Act are cast in stone (lets dig in)

#Amul #Nandini
Read 16 tweets
FF 🇮🇳 Profile picture
May 8
Recent History of India's #PassportRanking
100% #FACT, ZERO FICTION

RANKING
2006: 71st
2010: 77th
2014: 76th
2016: 85th
2019: 82nd
2022: 87th Rank (All time low)
2023 Q1: 82nd

Would appreciate @ShashiTharoor to reconsider his praise for @DrSJaishankar Diplomatic Achievements ImageImage
Source:

History of Indias Rankings: Click on henleyglobal.com/passport-index, choose INDIA and click on historical Rankings.

2023 Q1 Rankings: cdn.henleyglobal.com/storage/app/me…
This RANKING Is entirely OBJECTIVE and NOT Survey based. How do they calculate it - Stepwise

1) For each travel destination, if no visa is required for passport holders from a country or territory, then a score with value = 1 is created for that passport.
Read 7 tweets

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