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May 29 21 tweets 12 min read Twitter logo Read on Twitter
#Genius #MasterStroke 81,000 Cr LOSS/yr

CANNOT MAKE THIS SHIT UP!

Govt Introduces a #POLICY estm to SAVE Rs 36,000 Cr/Yr in #Forex

BUT To SAVE Rs 36000 Crore, the Govt & Indian Public are SPENDING 300% or 117000 Crores more 😳

= 81,000 Cr LOSS/yr

#Thread on A #MasterStroke
#Modinomics decided in 2020/21 to Introduce the 20% #Ethanol Blending (Petrol) Policy.

Intention of the Policy designed by the @NITIAyog was to save India Rs36,000 in FOREX & help the Environment

Link to the document niti.gov.in/sites/default/… Image
BUT AT WHAT COST ?

FIRST: Every litre of Ethanol, Govt India will lose Rs15-20 in Tax Collections since:
👉Cost of Procuring PETROL is Rs45/lt
👉Cost of Procurement of ETHANOL is Rs65/Lt

👉Difference is Rs20/lt is LOSS IN TAX REVENUE

1020cr Ethanol = 20400cr in Tax Losses/Yr ImageImage
SECOND: E20 Blended Fuel (Petrol) causes loss of 7-9% fuel efficiency for 4 Wheelers as per the #Nitiayog Report.

On 5100 Crore of Petrol Consumption, 8% Efficiency @ Rs104/lt of Petrol, it’s loss amounts to Rs42,400 crore of EXTRA FUEL COST ON AAM ADMI (Indian Public) Image
YOU MUST BE WONDERING why your 4 Wheeler Car or Petrol SUV is giving you such a low Mileage post COVID? Almost 6-7% lesser today, Since engines are designed for E0 (Ethanol Zero) but Fuel is E10. In a year, it will Be E20 and then your Vehicles will have 8-9% lower Mileage
THIRD: #Elephant in the Room is #WATER Consumption of #Ethanol. @NITIAyog: Every 1 liter of Ethanol, Water Footprint is 2860 liters of WATER while India faces a BIG SHORTAGE of #FRESH #WATER & Decline of #WaterTable in 200 of 700+ districts

VALUE OF WATER per Ltr of ETHANOL? 🤔 Image
Assuming Just 1 Paise per Litre of Ethanol, with a Water Footprint of 2860 litres (Refer attached Pic), Value of Water is Rs28.60/lt of Ethanol. For 1020 Cr Litres of Ethanol, it’s 29,000 Cr Cost of WATER. At 2 Paisa/Lt, this figure becomes 58,000 Cr in Cost of FRESH WATER Image
So Let’s SUMMARISE the costs per Year

1) Loss of Tax: 20,000 Cr
2) Loss of Fuel Efficiency (Mileage): 40,000 Cr
3) Loss of FRESH WATER: Rs 29000 to 58000 Cr

So Per year India will lose 89000 to 118,000 Cr in order to save Rs36,000 Cr

NET LOSS: 53000-82000 CRORES/yr 😢🤫😳
But the losses don’t end there

(1) When Engines designed for Pure PETROL use E10 or 10% Blended Ethanol … there is CORROSION of some parts of the ENGINE. Source is the same NITIAYOG report

(2) SUGARCANE destroys the Agriculture Land as ask as hurts CROPS in close Vicinity
(3) We are SUBSIDING FERTILISER and then using that to grow Sugarcane for ETHANOL and then BURNING air up 😳😳😳

(4) The US Recently published a report that #ETHANOL is as Unfriendly to CLIMATE CHANG as PETROL ⛽️ 😳😳😳 Image
DISCUSS: How severe is India’s water crisis & why it is likely to worsen

DID YOU KNOW
👉India is the world’s largest extractor of groundwater, accounting for 244.92 billion cubic metres of annual extraction 😳
👉INDIA is extracting more groundwater than #US & #China COMBINED 😳 Image
👉As a result, as many as 256 of 700 districts in India have reported ‘critical’ or ‘over-exploited’ groundwater levels, according to the Central Ground Water Board data (from 2017)

👉 70 percent of surface water in India is unfit for consumption.
👉 According to a 2019 report of the @NITIAyog, Maharashtra, Gujarat, Karnataka, Jharkhand, Andhra Pradesh & Rajasthan, Uttar Pradesh, Punjab, Delhi, Bengaluru & Chennai have been facing serious water scarcity since 2018.

Same @NITIAyog recommended #Ethanol Blending Masterstroke
HOW BAD IS IT ? as per data presented in the Parliament in March 2023, the per capita water availability in 2001 was assessed to be 1,816 cubic metres. It reduced to 1,486 cubic metres in 2021 and is expected to decline further to 1,367 by 2031

DO YOU REALLY WANNA HAVE KIDS?
👉 As per the parliamentary standing committee on water resources, groundwater provides 80% of India’s rural drinking water, 50% of urban drinking water and nearly two-thirds of irrigation needs.
😳
THE MONSOON (Rainy Season): The monsoon accounts for around 70 percent of the country's annual rainfall. It irrigates 60 percent of our net sown area.

👉It is also essential to maintain an optimum level of storage in 140 reservoirs, as per the Central Water Commission.
Punjab Might become a DESERT in 15 Years 😳
50 years down the lane, there will be no farming in #Arizona
HOW CAN YOU HELP SAVE WATER In India for YOUR FUTURE and that of your KIDS & GRAND KIDS ?

👉 Turning off your tap while you brush your teeth can save 6 litres of water per minute.

👉Every minute you spend in the shower uses up to 17 litres of water. Set a timer
👉 Washing a full machine load of clothes uses less water than 2 half-loads.

👉 An estimated one-third of all food produced globally is lost or goes to waste. Reduce your food wastage
👉 READ this #THREAD. #Share this THREAD, #RETWEET this THREAD and most of all #Comment.

👉 Please concert it into the Local Languages of India and circulate it.

EDUCATE those who have No access to TWTR to Understand the DOWNSIDE of #ETHANOL Blending & Need for Saving WATER

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More from @TheFactFindr

May 28
#SHOCKING #CRICKET

@BCCI is the #WORLDS #RICHEST CRICKET board (Valuation: Rs16500cr, Income: Rs3900cr)

Has NOT PUBLISHED its #ANNUAL #REPORT post FY17.

BUT that is NOT the Shocking Part, Read the #Thread

#CRICKET is a #RELIGION in India & #TRANSPARENCY should be Foremost Image
As per the FY17 Annual Report, @BCCI paid an INTEREST Cost of Rs115 Cr (400% YoY) while it’s INTEREST Income of Rs171 Cr (Fell 2% YoY).

BUT WHY were they paying 171Cr of Interest Costs when they had a CASH BALANCE of 3770 Cr (3560 Cr in FY16) ? ImageImage
Read 4 tweets
May 27
#UncommonSense
UK/US NRIs & Top 2% Indian Residents (30 Mn Income Earners > Rs6lac/per yr) praise #Medical #Facilities in India especially ability to Approach Specialists Directly

Driving though PUNE/MUM/BLR & reaching Hospital in time in a Medical Emergency is Impossible
These people generally forget that when they compare themselves to the US/UK NRIs vs the Indians in India… one is comparing the Avg US/UK citizen with the Top 2% in India

Let me explain
(1) For Indian hospitals in Major Metros in India average revenue per occupied bed (ARPOB) is Rs65k > 50% Annual Revenue for 60% of Indian population
Read 6 tweets
May 19
#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
Read 8 tweets
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
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

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