#RenukaJain Profile picture
Oct 2, 2018 7 tweets 2 min read Read on X
Few advice from @arunjaitley Sir for #ClownPrince @RahulGandhi
1. “ only 'the perverted Rahul Gandhi school of thinking' can call investment by financial institutions in IL&FS a 'scam' and suggested that the Congress President should take some 'words of wisdom' from a senior party colleague.”
2 “Was it a scam in 1987 when the IL&FS was promoted with the Central Bank of India having 50.5 percent shares and the UTI having 30.5% shares? Was it a scam in 2005 when LIC acquired 15%stake in IL&FS and in March, 2006 when it acquired another 11.10 percent stake in the IL&FS?”
3 In fact,LIC further bought 19.34 lakh shares in IL&FS in 2010. Do I start calling all these investments today 'a scam' as per 'the perverted Rahul Gandhi school of thinking?From where has he invented a proposal of Rs 91,000 crores investment likely to take place by LIC and SBI?
4 Rahul Gandhi read a letter written by senior Congress leader K V Thomas on September 20, 2018, who suggested to the government to "support IL&FS" as the company has shown notable achievements in the past in the area of infrastructure development.
5 “ It (the letter) demolishes every word that Rahul Gandhi and his coterie has been spreading. It may be advisable for Rahul Gandhi to get some 'words of wisdom' from Prof. K V Thomas”
6 "The Congress is a national saboteur. It wants to sabotage India's economy by allowing a situation in relation to a company to persist, expand and become unmanageable. It lacks statesmanship and vision,"

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More from @RenukaJain6

Oct 7, 2018
This has been the strategy of the outliers for a long time:-

1) *Moghuls became Indians and Indians became Kafirs.*
2 2) *Nehru-Khan-Maino became Gandhi and Indians became fools.*

3) *Muslims became Kashmiris and Kashmiri Pandits became refugees.*
4) Bangladeshis became Bengalis and Bengalis couldn't celebrate Durga Puja in soon to be *West Bangladesh*
Read 14 tweets
Oct 6, 2018
The S&P BSE Sensex has plunged 4,600 points, or by about 12 percent, from its life-time high of 38,989 recorded in August.

Check the thread. You will surely invest more
2 history suggests that the market has always bounced back and made investors richer sooner than later. This is the ideal time to put money into the equity market. We are in the third leg of the correction in the current bull market
3 Indian market have been seeing a sharp sell-off on account of depreciation in rupee and higher crude prices. This negative sentiment was further reinforced by the fear of liquidity crisis to support credit growth following the IL&FS scare
Read 8 tweets
Sep 30, 2018
Vijay Mallya does it again in UK.
1 One of the two main bidders, keen to acquire embattled Force India Formula One racing team after it went into administration, has claimed that a consortium of 13 Indian banks lost out on estimated 40 million pounds as a result of an "unfair" sales process concluded last month.
2 Russian Uralkali said that by turning down its higher bid for the administrators had denied the extra funds that would have accrued to the shareholder of Force India which is subject to a freezing order issued by the UK's High Court in favour of his 13 creditor Indian banks
Read 11 tweets
Sep 26, 2018
Some facts which will force you to think ig GDP is write way to measure economy of country?
One problem with GDP is that it doesn’t take inequality into account — if all the gains from growth flow to the rich, GDP will go up while the average person won’t be any better off.
Another problem people complain about is that GDP doesn’t measure human happiness — if people get sick and are forced to buy more medicine, GDP can go up while the standard of living goes down.
Read 5 tweets
Sep 23, 2018
Few major reforms required on ULIPS as an investment
1. Currently anyone can exit a debt or equity mutual fund before one year by paying exit load. Why the same is not allowed in ULIP

Many investors who suddenly have liquidity requirements are struck
2. One might argue that 80C benefit was taken on ULIP payment.

What tax authorities can do is withdraw the deduction & add back into income & charge tax & interest
Read 7 tweets
Sep 23, 2018
"We are fully prepared, it's a big scheme, there is no start or end point, it's a continuum," said Indu Bhushan, CEO of Pradhan Mantri Jan Arogya Yojana and NHA

#PradhanMantriJanArogyaYojana
2 Ayushman Bharat, popularly known as ModiCare, aims to provide Rs 5 lakh coverage to 10 crore poor families or nearly half a billion people
3 The scheme will cover medical and hospitalization expenses for almost all secondary care and most of tertiary care procedures. PM-JAY has defined 1,350 medical packages covering surgery, medical and daycare treatments including medicines, diagnostics and transport
Read 7 tweets

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