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thatraja wrote: Adi podi
I don't know what exactly is the meaning of it.
Is it something like - "Whatever" or "Like Anything!"?
Might be some context of it since you brought it up. Please care to explain.
You can have all the tools in the world but if you don't genuinely believe in yourself, it's useless.
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There was a saint in Tamilnad, called Tondar Adi Podi Aalwaar, who has composed several hymns some of which are told daily in some Srivaishnava homes. Not sure whether this has any relation to that.
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- The trade war between the US and China has been escalating for a while, and China is not on the winning side. Some tech and manufacturing companies have already started to establish bases outside of China in other South East Asian countries.
- A lot of other companies are seriously contemplating taking this move, among other things, because of state-sanctioned intellectual property theft in China.
- Hong Kong has been boiling for months now, and everyone knows China is behind it, which has been affecting prospects for companies to establish base there (would have been easy otherwise).
- Given our track-record, it's proven that we could protect the intellectual properties of companies.
- Add lesser tax to that, and their profit margins will increase, and at least part of this money will be pumped into our economy. India is now an even more lucrative option given the newfound profitability, and easy access to English-speaking, multi-faceted, local talent at all skill levels.
- Because we don't have state-sanctioned slavery (slave labours) like in China, we will of course not be able to manufacture at dirt-cheap prices like China, but at least the companies know that they could rely on India to protect their assets and develop their business more reliably in the longer run.
- Remember - both sides of the US politics are united on this front to ensure that China will no longer be able to steal intellectual property from American companies. This could therefore only go one way for China, and India could be among the list of countries that benefit from this situation. More jobs and money at the expense of China? Yes, please!
Gandalf_TheWhite wrote: How about the retrospective effects of it and who will bear the burden(Tax Payers/middle class! again!)
I don't think the law is going to be back-dated. Either that, or you didn't mean to use the word retrospective.
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Rajesh R Subramanian wrote: Just playing the devil's advocat
That's fine, I learned that understanding the counter views will add up the knowledge and give us the chance to see the other side.
Anyways, I already have thought of the majority of points you've mentioned. However, the 5th point intrigues me a lot because what I know is the "corporate giants" have tons of ways to evade the Tax and lowering down the Tax will inversely benefit them in terms of not Paying whatever they were paying earlier or just pay the small margin of it. Ofc. their profit margin will increase however I highly doubt the increase of Profit margin gonna reach to the targeted area(i.e Indian Economy or Consumer). So at the end of the Financial Year, our government will lose the direct Tax benefit(Which is somewhere around 1.45 Lacs Crore, pardon me if there is a mistake in this figure but that was assumed somewhere around this amount)Rajesh R Subramanian wrote: India is now an even more lucrative option given the newfound profitability
That is true only for the new ventures or the foreign investors. Which could have been taken care separately.
I'd have welcome this move if they've provided such benefit to the real taxpayers of the country who do not have any option to evade the tax from the hard-earned money.
The vicious cycle would be, only a particular Class will pay the taxes forever as Corporates/Business has ample opportunity to escape from paying tax or pay the puny amount from the Mammoth profit margins.
The icing on the Cake would be "NPA". There goes the taxpayer's money for the betterment of corporate giants.Rajesh R Subramanian wrote: k the law is going to be back-dated. Either that, or you didn't mean to use the word retrospectiv
That was meant as to foresee the counter effects of this move in a retrospective way.
You can have all the tools in the world but if you don't genuinely believe in yourself, it's useless.
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Gandalf_TheWhite wrote: their profit margin will increase however I highly doubt the increase of Profit margin gonna reach to the targeted area
That's a good point, but is debatable. It could go either ways, but I have a feeling that making our grounds friendlier for existing companies (and new ventures) will ultimately result in more jobs and economic improvement.
Some companies are absolute dogshit with respect to paying taxes, and their mere existence is cast out of tax payer's money. But do note that this does not have anything to do with India. You wouldn't believe these companies do the same everywhere, even in well developed economies. For instance, here's a list of a***hole companies that have paid $0 as tax in a well developed economy like Australia: Top 40 Tax Dodgers - Michael West[^]. In essence, these dodgy companies will find one way or another to cook their books regardless of what they're being taxed.
Gandalf_TheWhite wrote: There goes the taxpayer's money for the betterment of corporate giants.
Tax payers are not going to have to shell anything extra here. It's just that the companies fulfilling the criteria laid out will be paying less tax. Now, this will of course result in less revenue collected, but will also result in the same money being pumped into the economy in one way or another (the company invests into other things, or they use the money to expand their business, or employ more people, etc).
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Rajesh R Subramanian wrote: Tax payers are not going to have to shell anything extra here.
Sir, the base of the NPAs from Corporate giants are the Loans provided by XYZ bank(s). Whenever banks dish out the money to the Corporate and after a few years corporate goes into debt/loss it's whose money in the bank goes into Void? There is no way to recover the amount, so what the government did, is they helped out those Banks with the highest NPAs. Who filled the void - government, from whose money - ours(TaxPayers).
Corporate after NPA ![Jig | [Dance]](https://codeproject.freetls.fastly.net/script/Forums/Images/jig.gif)
Banks with Government Help
Us, Tax Payers - Have no clue.
Rajesh R Subramanian wrote: Some companies are absolute dogshit with respect to paying taxes, and their mere existence is cast out of tax payer's money.
I'll tell you from my personal experience 2 years before when I furnished my home.
It was a huge trader from whom I purchased the raw material for the furniture, to my amaze he asked me to make Payment towards XYZ spa in the outskirt of the city. When I went for the Payment to the spa, I was more amazed as there was only one person in the entire spa looked like a goon only to collect the cheque/money. He offered me to make payment in cash and in return he will lash out extra discount in 5 digits, tbh, it was too lucrative to refuse. 
From that interaction, I understood how much profit/tax that trader saved. Compared to that trader the corporate is a much bigger entity.
You can have all the tools in the world but if you don't genuinely believe in yourself, it's useless.
modified 24-Sep-19 3:26am.
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Yeah, there's that.
Sorry, I quoted and responded to the wrong sentence. I originally meant that taxing the companies less will not mean taxpayers will somehow pay more tax. These things aren't inter-related.
The money that was going to be collected as tax will now instead be in circulation in one way or another (at least a sizable portion of it, in principle).
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Rajesh R Subramanian wrote: The money that was going to be collected as tax will now instead be in circulation in one way or another
Correct but now its at a will of corporate.
I understood what you are trying to explain is the positive side of this step and government is in that direction too, however, the sad thing is we all know that how Tax can be evade/not paid. In this case with a higher profit margin, the rich will be richer.
- I just updated my previous post with an interesting experience I had 2 years before.
You can have all the tools in the world but if you don't genuinely believe in yourself, it's useless.
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Gandalf_TheWhite wrote: we all know that how Tax can be evade/not paid.
Yes, but this is regardless of how much tax they pay. Companies like Mitsubishi, Nissan, and Exxonmobil pay $0 as tax in Australia! They use all sorts of dodgy loopholes in the system to do this, but these companies are smaller in number.
Gandalf_TheWhite wrote: - I just updated my previous post with an interesting experience I had 2 years before.
Wow, that's interesting. I'd have flat out refused to do any business with some dicey a***hole like that, but I might have caved in if he at least had the courage to ask me directly if I could make a cash payment instead of sending me off to some dingbat in the outskirts of the city. I'd have told him to shove it right up and walked away.
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Rajesh R Subramanian wrote: Mitsubishi, Nissan, and Exxonmobil pay $0 as tax in Australia
 That's Shocking! and it feels really bad when we purchase a product from those giants, after knowing thisRajesh R Subramanian wrote: They use all sorts of dodgy loopholes in the system to do this, but these companies are smaller in number.
Smaller in number but the amount of tax premium might be inclusive of all individual tax payer, or atleast to some percentage in double-digit. Rajesh R Subramanian wrote: Wow, that's interesting. I'd have flat out refused to do any business with some dicey a***hole like that, but I might have caved in if he at least had the courage to ask me directly if I could make a cash payment instead of sending me off to some dingbat in the outskirts of the city. I'd have told him to shove it right up and walked away.
 I might have done something similar however I had other things in order queue from the same trader so the delay or no payment wasn't in my favor, it felt really bad to make a payment in cash at mere satisfaction of saving a big amount. I doubt he might have many other secondary businesses to cover up his main business.
You can have all the tools in the world but if you don't genuinely believe in yourself, it's useless.
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Level: Medium
Bollywood Logic: If husband is annoying then love the ghost which resembles him
modified 23-Sep-19 3:25am.
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Level:Medium
Jo jeeta wohi sikandar gone wrong with extravagant budget
modified 18-Sep-19 3:47am.
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Student of the year?
A blind guess.
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 . Correct. Could you please guess the previous one as well?
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I have already tried but in vain.
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Gandalf's list of good ok and ugly movies prompted me to start this Discussions wrt books. Here is my Good, Okayish and Avoid books. Please feel free to add to any of these
Good: Sherlock Holmes Series(By Arthur Conan Doyle),And then there were None(Agatha Cristie),Perry Mason Series,Angels and demons(Dan Brown)(Felt this one better than The Da vinci Code),One Shot(Lee Child),Shutter Island(Book is better than the movie ),Gone Girl,Century triology(Ken Follett), Eye of the Needle(Ken Follett), Kane and Abel(Jeffrey archer),Aavarana(I read the Kannada version and felt it was apt even now),Parva(Kannada),Bettale Jagathu(Pratap Simha(Kannada))
Okayish Immortals of meluha,Girl with the dragon tattoo,2 states(Book was far better than the movie),Scion of ikshwaku,Sita the warior of mithila,Raavan - Enemy of Aryavarta,Krishna Key(Indian version of Da - vinci code and all dan brown books),Not a penny more not a penny less,Chanakya chant,I too had a love Story,
Avoid White tiger,Oath of vayuputras,Origin(Probably worst Dan brown novel ever),Why Iam a Hindu(Shashi Taroor),Murder on the Orient Express (Worst of agatha Cristie according to me),Revolution 2020, One indian girl, Half Girlfriend, Can love happen twice,Keepers Of The Kalachakra
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Yeah. I have a lot to say on this topic.
I'll edit this message once I have some free time.
Here it goes.
Awesome: Lord of the Rings, 1984, War and Peace, The book thief, the harry potter series, any of Rick Riordan novels (for some light reading), Atlas shrugged (not for everyone), One No One and One Hundred Thousand (again not for everyone) Karma Yoga by Swami Vivekananda, 100 years of solitude, The Godfather, The Sicilian, The Kite Runner, A thousand splendid suns, A song of ice and fire series, Inheritance cycle, Da Vinci code, Angels and Demons, Inferno I could go on if I remembered more names
Good : Arthur Conan Doyle's works, Agatha Christie, The Dark Tower series, The picture of Dorian Gray, The Jungle book...
Avoid : All of Chetan Bhagat's works, all of Arundhati roy's works, most of other modern Indian writers (I find their narration immature).
I'll keep adding to it once I remember more.
modified 18-Sep-19 11:53am.
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GKP1992 wrote: Arundhati roy's works,
I usually do not Consider her as a writer
GKP1992 wrote: Chetan Bhagat's
I found 2 states and 3 mistakes of my life bearable. Rest was garbage. BTW found This amazing dance performance by him 
GKP1992 wrote: Karma Yoga by Swami Vivekananda
Next on my To Read list. Thanks
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Well, this entire post closely resembles what I have to share! Great list by the way 
GKP1992 wrote: wesome: Lord of the Rings, 1984, War and Peace, The book thief, the harry potter series, any of Rick Riordan novels (for some light reading), Atlas shrugged (not for everyone), One No One and One Hundred Thousand (again not for everyone) Karma Yoga by Swami Vivekananda, 100 years of solitude, The Godfather, The Sicilian, The Kite Runner, A thousand splendid suns, A song of ice and fire series, Inheritance cycle, Da Vinci code, Angels and Demons, Inferno I could go on if I remembered more names
OMG! We might be reading these books in a parallel universe I believe. Because I have read almost all of these. In addition, I like Eragon, Eldest, and Brisingr into the list.
GKP1992 wrote: Avoid : All of Chetan Bhagat's works, all of Arundhati roy's works, most of other modern Indian writers (I find their narration immature).
I was saved from these writers by some kind soul like you. Both are overrated. I want to add Amish Tripathi in this list.
You can have all the tools in the world but if you don't genuinely believe in yourself, it's useless.
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Gandalf_TheWhite wrote: In addition, I like Eragon, Eldest, and Brisingr into the list.
The Inheritance Cycle includes all 4 books. Christopher Paolini wanted to write only 3 books and was calling it the Inheritance trilogy, but the 3rd became a huge volume and he had to split it into 2 making it the Inheritance cycle.
Gandalf_TheWhite wrote: I want to add Amish Tripathi in this list.
There are too many names to mention here and so I used the umbrella term, all modern Indian writers (of course there are some exceptions like Chanakya's Chant as suggested by Rakshith, that is actually good).
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I have read many of the above books.
Recently came across Jack Reacher novels.
They are good.
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Thanks for the suggestion.
My backlog is so big, it sometimes gives me anxiety.
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I have read many of the above books.
Recently came across Jack Reacher novels.
They are good.
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