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Sep 10 • 13 tweets • 8 min read • Read on X
🚨 Nepal is boiling.

But Wait..
Is the world’s only Hindu Rashtra making a comeback?

What began as a Gen-Z outcry against a social media ban has turned into something far bigger anger at corruption, misgovernance & failed democracy.

Now, with protesters demanding a “Modi-like PM” and the Nepal's Army Chief addressing Nation under the portrait of Nepal’s first King…Image
Image
On September 4, KP Oli govt announced ban on Social Media.

And unrest irrupted.

The immediate spark was a sudden ban on 26 social-media platforms Facebook, X, Instagram, YouTube and others — which removed the primary organizing and grievance-sharing channels for the youngest Nepalis.

But the protests weren’t only about apps: Gen-Z crowds were expressing long-standing frustration with corruption, nepotism, cronyism, youth unemployment and economic stagnation.

The unrest turned deadly: dozens killed and hundreds injured during clashes, and the government quickly rolled back the ban amid mounting pressure.

But damage was done.Image
What began as student-led street actions escalated very quickly. Protesters pushed toward the federal parliament, clashes produced live rounds, rubber bullets and mass arrests, and in several spots government buildings and senior officials’ residences were torched or vandalized.

The army’s intervention and the symbolism of a king’s portrait:Image
When the Army Chief, General Ashok Raj Sigdel, made a national address seeking calm and when footage/photos from army locations showed a historic royal portrait in the background, there comes a strong message and mood.

The Nepal Army was deployed to restore order; curfews were imposed and the prime minister resigned within days.

The Nepal Army historically traces lineage to the Shah monarchy and, in ceremonial spaces, portraits of founders like Prithvi Narayan Shah are common.

A portrait behind a COAS during a crisis is a symbol — and symbols matter in politics because they communicate continuity, legitimacy and identity.Image
That portrait also symbolizes where Nepal can find prosperity and peace.

It was King Birendra, who made monarchy constitutional and power was passed to representative govt.

After the assassination of King Birendra, Gyanendra took over the throne and regime became authoritarian.

After years of unrest, full democracy was established in 2008 but it never succeeded in Nepal beyond some ceremonial constitutional changes.

Nepal, the only Hindu Rashtra, became secular under
the rule Maoist, Communists, Centrists.

Nepalese dream of corruption free and people first governance never got realised.

IN this whole process, Nepalese PMs have been more often than not leaning to Chinese side and had troubled relation with India.Image
The pro-monarchy and Hindu-Rashtra currents: are they real?

Yes — they exist and are visible.

Since early 2025 there have been organized pro-monarchy rallies and public calls by some groups to restore a Hindu state, including large demonstrations that drew thousands and occasional violent clashes.

Campaigns for “Hindu Rashtra” and a constitutional monarchy have presence in public debate, amplified by parties such as Rastriya Prajatantra Party and by activist networks.

But the scale matters: while visible and vocal, these movements have not yet achieved a clear majority mandate across Nepal’s diverse electorate.

They are one of several competing fault-lines (ethnic, regional, class, generational) in Nepali politics. So: the sentiment is real, not merely an online meme — but it was not so relevant till this GenZ protest happened.Image
GenZ protest has opened door for all possibilities in Nepal.

Protestors want an accountable, reformist govt that's why Kathmandu's governor Balendra Shah is their favourite.

A young technocrat with no prior affiliation. But Question arises: Can he win election beyond city of Kathmandu and form a majority govt without Party affiliation?
Answer is NO.
Because parties have means, mechanism, cadre etc to get election results in their favour.

Will external power make him their pawn to make Nepal vassal state?

Answer is YES.

So What can be the binding force for Nepal?

Answer is what King Birendra did in 90s.Image
Set Up Monarchy with people's representatives in key decision making.

Balendra's popularity is limited to Gen z but Monarchy is known to all age group.

Getting Monarchy back to power with people like Balendra being part of it is not a bad idea.

Nepalese still proudly call their country Hindu Rashtra.

Modi's popularity their shows they want a unapologetic progressive system of governance.

I am not saying this out of blue:Image
Historically Nepal was the world’s only official Hindu kingdom until the monarchy was abolished in 2008; the idea of a Hindu Rashtra draws on that heritage.

Surveys and reportage show a large Hindu majority (over 80% by the 2021 census), and for many Hindus the monarchy symbolized unity and cultural dignity.

But turning cultural majority into a state form requires law, votes, constitutional change — and those are heavy hurdles.

After 2008 the republic and secular articles are embedded in institutional law and international commitments. Restoring a religious monarchy (or a Hindu state) would need broad parliamentary consensus or a referendum — not a quick executive reorder.

Symbolic momentum alone is insufficient without political and institutional machinery.

There is another angle that Nepal needs to worry about and India will be closely monitoring:Image
Geopolitics: India, China, and why the border angle matters

Nepal sits between India and China; any big domestic shock has external strategic consequences. Under KP Oli, Kathmandu shifted closer to Beijing (BRI agreements, a new 2020 map that hardened claims on border tracts), creating distrust with New Delhi.

Amid the unrest, some commentators and officials warned about “political cadres” or spoilers exploiting protests and noted how border tensions could be inflamed if instability persists.

India publicly voiced concern and appealed for calm — and New Delhi will be watching whether instability produces an opening for more China influence or for a change in Nepal’s domestic regime that affects bilateral cooperation. I

In short: external actors watch and, at times, exploit openings. But rigorous evidence that a foreign state orchestrated the protests has not been produced; most reporting points to domestic grievances with opportunistic exploitation.

How India is reading this situation:Image
Stable and Independent Nepal will be India's first priority.

Majority of Elected govt have faced serious corruption charges and have inclination toward's India's adversaries.

Due to corruption, Nepal became centre of action by external forces against India.

India's cultural ties with Nepal and Nepal's royal family have been very strong before it hit some lows due to multiple reasons during late years of King Gyanendra rule.

Indians wont feel bad if Nepal goes back to progressive Monarchy and Hindu Rashtra state.

So: is “Hindu Rashtra” or a monarchy-plus-democracy hybrid loading?Image
Short answer: Possible but not imminent.

Evidence for a comeback includes visible pro-monarchy mobilization, cultural resonance of royal symbolism, and an army that references historical legitimacy.

Against that: the republic is constitutionally entrenched, mass national consent appears fractured (not consolidated behind royals), and international/legal constraints make a sudden, formal restoration hard. Plausible scenarios:

(A) symbolic revival: more royal imagery and influence without legal restoration;

(B) hybrid compromise: stronger executive powers, national unity rhetoric, perhaps a referendal push — slow, contested;

(C) full restoration: unlikely without broad elite and institutional collusion (including parliament, judiciary and international acquiescence).

My read: watch symbolism and institutional moves (curfews, army legal posture, parliamentary maneuvers).
Symbolism signals intent; institutions deliver reality.Image
What to watch next & the practical bottom line:

If you want to track whether Nepal moves toward a religion-backed monarchy or merely a more muscular, conservative republic, watch for three things:

(1) Formal legal steps - Bills, constitutional amendments, emergency decrees;

(2) Institutional alignment - Does the army move from caretaker to political arbiter (statements, arrests, direct governance actions);

(3) Mass legitimacy — large, repeated nationwide rallies with clear, unified demands for monarchy/Hindu Rashtra.

Right now, the Gen-Z uprising has re-opened the door to contested narratives (including pro-monarchy ones) but has not yet closed it in favor of a royal restoration.

For now, the stronger signal is youth demand for accountable, effective government, which can take many institutional forms — not an automatic return to the old order but can be a possibility.Image

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More from @deepdownanlyz

Sep 9
Nepal’s Gen-Z Uprising: Wake Up Warning for India?

Imran Khan Removal in Pakistan

Sri Lanka "Economic Crisis"

Bangladesh's coup ,

US's new $500mn Critical Mineral Deal in Pakistan,

If last 1-2 years has anything for India to realize then it has to be:

India can’t treat this pattern as “someone else’s problem.”
👇Image
India's backyard is shifting.

Let's look at our closest neighbour:

Nepal: The spark and the scale of protest was such that within days even wife of ex-PM was burnt to death.

Student-led protests against a government social-media ban and alleged elite corruption exploded into country-wide unrest; police firing killed at least 19 people, parliament and senior politicians’ homes were attacked, and Prime Minister K.P. Sharma Oli resigned as the crisis spread.

What began as a censorship fight quickly exposed deeper governance failures — young people, joblessness, corruption and anger at elite privilege.

The speed and violence of this collapse matters because it shows how fragile political equilibrium can be when social media bans, trust deficits and youth mobilization meet heavy-handed policing.

But this is not the first and won't be last:Image
...look at Bangladesh (2024) and Sri Lanka (2022).

Bangladesh’s large student protests over the quota system in mid-2024 escalated into nationwide unrest and a harsh state response that revealed simmering economic and social grievances.

It was fueled by external interests which wasn't entertained by Sheikh Hasina govt.

Sri Lanka’s 2022 “Aragalaya” began as protests over economic collapse and rapidly toppled entrenched political elites.

The common thread: a young, connected population pushing back on corruption, inequality and governance failure — and foreign actors watching and sometimes leaning in, overtly or through economic leverage.

These precedents show how domestic grievance can become geopolitical leverage.

Should India be worried with this:Image
Read 14 tweets
Sep 8
Ohh Wait....

Is this US shifting its $35 Trillion debt onto the world?

Tariffs as the opening act, crypto as the reset.

To give you a heads up, remember what happened in :

1. 1930: US confiscated citizens’ gold → debt reduced.

2. 1973: Nixon ended gold standard → dollar became world currency, US printed freely.

Now Putin advisor Anton Kobyakov warned that the US is preparing a way to push part of its huge $35 trillion debt into crypto and gold markets and...Image
.... then devalue it leaving the loss to other holders.

That claim sounds dramatic, but when you stitch together two real trends — an aggressive tariff policy that raises huge sums and a White House-friendly push to make digital dollars and stablecoins mainstream — the scenario becomes plausible as a high-stakes strategy.

This thread walks step-by-step through how tariffs can be the short-term weapon, how non-dollar settlement & local currency trades give cover, why crypto rails matter, and how Trump’s own crypto stakes could personally profit if this plays out.Image
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Tariffs: short-term cash and political cover:

Tariffs are simple: They tax imports and bring immediate cash into the Treasury.

In 2025 the U.S. has already collected record monthly tariff hauls and year-to-date customs revenue in the low hundreds of billions — a real boost to government receipts and political cover for “paying down” pressures.

But tariffs are also blunt instruments: they distort trade, raise consumer prices, and signal to big trading partners that the U.S. will weaponize trade policy.

That signal is useful politically — and strategically — if the aim is to force other economies to test non-dollar settlement arrangements or to accept alternative payment rails.

The recent surge in tariff collections shows the tool is working as a revenue and leverage mechanism.

But it creates...Image
Read 13 tweets
Sep 6
India’s Journey: From Tax Jungle to One Nation, One Tax

Read this data backed thread to understand how GST has become backbone of Indian Economy .

Before 2017, India’s tax system was chaos:
17 different taxes,
13 cesses,
double taxation,
endless paperwork,
and corruption at every step.

Every state felt like crossing a border, with new levies, new rates, and higher prices for the common man.

Then Modi Govt under FM Nirmala Sitharaman dropped a bombshell—GST.

A single tax that rewired India’s economy forever. In this thread, backed by hard numbers and facts, I’ll show you how GST turned a fragmented mess into the backbone of New India’s growth:Image
Image
Before GST: VAT Chaos

VAT was supposed to simplify taxes but became a nightmare.

Every state had different rates: toothpaste at 12.5% in one state, 4% in another.

States imposed extra levies like entry tax despite promises not to. Refunds worth crores were delayed for months, suffocating small traders.

Input Tax Credit was misused due to weak oversight. Some manufacturers even kept MRP high despite lower VAT, pocketing the difference. Digital loopholes let traders evade tax easily.

Net result: double taxation, high compliance burden, unstable rules, and higher costs for citizensImage
GST Rollout: The Big Reform
On 1st July 2017, PM Modi rolled out GST—merging 17 taxes and 13 cesses into a single levy.

No more multiple state barriers, no more cascading tax-on-tax. GST gave input tax credit seamlessly, introduced uniform procedures nationwide, and digitised returns to reduce corruption.

Businesses could move goods across states without delays, and consumers saw simpler bills. It wasn’t just tax reform—it stitched together India’s economy, removing fragmentation.

GST was a milestone, making “One Nation, One Tax” a reality.

For the first time, India became a truly unified common market.Image
Read 8 tweets
Sep 4
Has Economic Liberalisation 2.0 started?

PM Modi in Japan: "It doesn't matter if currency is black or white as long as it is used to manufacture in India"

Union Budget 2025- Income Tax Cut till INR 12.75 lakh

Now GST 2.0: Much more than just tax reduction

Read 👇 Image
Image
India’s GST revamp led by FM Nirmala Sitharaman is being called GST 2.0.

By cutting slabs to just 5% & 18%, slashing rates on essentials, and simplifying compliance, it strengthens India’s economy across multiple fronts.

Lower consumer prices, higher household spending, steady tax collections, stronger small businesses, and greater investor confidence all come together.

Even with a global export hit of ~$30B from tariffs, GST 2.0 gives India a cushion to keep growth steady. Let’s break down how this reform can reshape India’s growth story.
Earlier, GST had 4 main slabs — 5%, 12%, 18%, 28%. Now, nearly 90% of goods fall into just 5% or 18%, while luxury and sin goods stay higher.

For consumers, this means clarity. For businesses, this means fewer disputes.

For investors, it signals policy stability. Simpler taxes reduce compliance costs and legal uncertainty, which improves India’s “Ease of Doing Business.” When the rules are transparent and predictable, capital flows in more confidently.

A streamlined GST is not just good governance — it’s a magnet for investment.Image
Read 11 tweets
Sep 2
Trump's Trade War is Not Chaos but a fake "Facade".

It is a design to achieve what Trump wanted since long.

Trump will come out the biggest winner from it.

It was never about Trade imbalance, tariffs etc.

It has been always about Trump.

SCO Meeting in Tianjin what has brought him closer to his goal.

Read this thread till the end and you will understand it.Image
Trump’s Trade War is not random chaos. It is a carefully staged drama.

Do you remember Trump's spat with JP Morgan CEO and Bank of American in 2018-19 he accused JP Morgan and Bank Of America of denying keeping his money?

It hurt Trump's ego same way when Obama made fun of him during a white house dinner in 2013/14.

Do you really think US's biggest strength is export?

It is its monopolistic companies like Apple, Google, NVIDIA, Meta etc.

The “trade imbalance” story is a cover. Trump's personal business and wealth ambition have lot to do with all of this. Let's start with...Image
Trump talks about wanting a “strong dollar,” but his personal empire benefits from the opposite.

A weaker dollar makes real estate prices go up, makes it easier to pay off big debts, and raises the value of gold, oil, and commodities.

Foreign investors also find U.S. assets cheaper when the dollar falls. Trump’s wealth is tied to real estate and debt-heavy businesses.

That means when the dollar weakens, he personally wins. His “strong dollar” talk is for markets and media. But behind the scenes, his real incentive is a weaker dollar.Image
Read 12 tweets
Sep 1
7.8% GDP Growth, under 2% Inflation... Just "Sheer Luck"?

Answer is NO.

No matter how much "ecosystem" troll Finance Minister;

these two numbers are the "naked" truth explaining how outstanding have been her policies.

It’s the result of a decade of reforms, fiscal discipline, and bold policy bets by PM Modi & FM Nirmala Sitharaman.

Read this till the end👇Image
India’s economy continues to shine globally during Trump Tariff War.

For Q1 of FY 2025-26 (April–June 2025), GDP growth came in at 7.8%, the fastest in five quarters, comfortably beating market expectations.

This compares to ~6.5% in the same quarter last year, showing resilience despite global headwinds like oil price volatility and trade tensions.

With this, India cements its position as the world’s fastest-growing major economy.

The performance reflects not just short-term demand but also years of structural reforms and fiscal strategy under PM Modi and FM Sitharaman, designed to sustain high growth while keeping inflation under control.Image
The growth story in Q1 FY 2026 is broad-based.

Services led with 9.3% expansion, fueled by IT, finance, and hospitality.

Manufacturing clocked 7.7% growth, riding on strong domestic demand and the government’s PLI schemes.

Construction too surged at 7.6%, reflecting the massive public infrastructure push. Even agriculture grew at 3.7%, despite uneven monsoons.

On demand side: Government consumption rose 9.7%, private consumption jumped 7.0%, and investments (gross fixed capital formation) expanded 7.8%.

These numbers highlight the interplay of private demand, public capex, and services momentum, forming a balanced growth pattern unlike earlier consumption-only spikes.Image
Read 10 tweets

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