I think currently they have subsided customer, while still complying with the GST rules. 
  
 They’re probably hoping that this GST demand won’t hold in court

Founder

Data Analyst

What if they switch to only take 10₹ (2.8 tax on this), fee to allow play the match, when user win or lose he gets/pays balance money directly to other users. 
  
 5-6 yrs ago I used to play offline "satta" it had similar logic no upfront payment, send or receive money at the to/fro beneficiaries, entirely worked on WhatsApp and Trust.

Analyst

Backend Engineer

They are paying GST from their profit margins, instead of passing it to user. (Consider it MRP inclusive of tax)

Software Developer

There is no economics. It's only mental gymnastics.

Communication

Welcome to Indian Startups's Private Community

Can someone explain me the economics of this?

Can someone explain me the economics of this?- Grapevine

Welcome to Office Gossip's Private Community

Some finance person needs to explain this

Layoffs layoffs here there start ups companies tech giants. What are they trying to downsize? Product hunt says need to narrow down on speed and focus. What focus and speed  that they couldn’t do being a bigger organisation.  Companies hire left and right and speed and focus wasn’t there or what ?  CEO’s still take bigger checks even after downsizing that doesn’t change 

Thoughts anyone? I’m curious to learn about the thought process

Thoughts

Customer Success

Welcome to Software Engineers's Private Community

Following wester consumerism blindly is the reason when most DINK couple decides not to have kids. The age old colonial term of "civilising the brown is white man's responsiblity".
Let me burst this bubble of ever happy life and not having dependency of kids,they are not investment,etc etc.
 I wont highlight if its right or wrong here for it lots of post are there. I better highlight what will happen after next 20 30 years as I can learn from west(USA) lifestyle pattern.
All these people have kept most of their money in *paper* assets like PF,Bank FD,stocks. Reason for highlighting the word paper will see.
 As the number of oldies will increase over youngsters. Govt will need more youngsters as economy is worked upon by them. No loan takers,no new consumers. What will happen stock prices will fall,same goes for bank interest ,in worst case you wont be ablw to withdraw your principal even(happening in australia, people have to inform why they are withdarwing cash to bankers).
Next for pf: when ww contribute to PF we pay foe the payback of current retired generation or basically we are paying their debt. But due to lack of youngster no one will pay your debt so forget your PF as well.
This is how your money bubble of Crores will vanish. 
There is a term debt to gdp ratio, ever heard? Its the debt taken by govt from future generations to develop current lifestyle. Hence still govt need people to sustain and payback that debt so they will allow illegal immigrants ( what you are seeing in USA and Europe in name of "multicultralism").
And you know what? These rowdy immigrants will fill your city and you will become second class citizen why cause its democracy and majority rules. Noone will protect you leave alone police actually there is no one "left" to protect you( read statements of Canadian police regarding car thefts you will find similarities).
Still oldies are there so new experimentation on assisted suicides(Canada is leading the way in current timeframe).

A letter to DINK couple

🤣🤣🤣 
 Love this! Trying to force opinions on people in "their" way. 
  
 You like kids? Have them. 
 People who don't want. Leave them alone. 
  
 Parents or non parents, no one is taking those money with them. Might as well enjoy this life than paying lakhs in school fees. 
  
 Yea yea "bet your parents didn't think that way". Honestly, tshould have.

Consultant

Welcome to News Discussion's Private Community

https://m.economictimes.com/markets/stocks/news/bubble-of-all-bubbles-economist-predicts-a-2025-stock-market-crash-likely-worse-than-2008-crisis/articleshow/110927418.cms

Ye dukh kaha khatam nahi hota (Why doesn't this pain end)

Welcome to Business Roles's Private Community

Young SWE start with double digit salaries, while someone in Non tech will need 5-10 years to reach that level
Even the business roles, the direct revenue generating roles don't pay good traditionally

Funny how techies think everyone gets paid similar
A lot of it changed with startups trying to acquire talent, but not sustainable
Because the market simply doesn’t pay

How do non tech compete with this skewed demand-supply chain?

Tech and Non tech Pay Partiality is something no one talks about

Engineers deserve their pay.  
  
 1 - The code that engineers write are assets of a company. The code might keep running and serving customers for years after a engineer has probably even left the company.  
 On the other hand, the work that most non-tech folks do are not assets, but an operational expense.  
  
 Companies don't derive benefit of a non-tech even beyond the same month the work is performed.  
  
 The difference is the same as painting your house vs brushing your teeth. You don't paint your house everyday but you do brush your teeth. Painting here is a long lasting asset, adds to the value of the house. Brushing is necessary work but with ultimately perishable benefits.  
  
 2 - Code that engineers write provide non-linear benefits. A team of 30 in Zerodha were able to serve 3-5x more customers in the pandemic. This same scalability does not apply to non-tech majdoori. Business has scaled? Hire more heads. Not with code. 
  
  
 Obviously above does not apply to senior managerial folks who build and architect the organisation, set the cultures, create processes. The impact of their work is long lasting and non-linear. But work of junior business non-tech folks - well, they're getting paid as much as the value they create. Low leverage, low pay. Coding is very high leverage. 
  
 Before you jump on me, I worked for sales in years. Then shifted to product. Above two points are a reality whether you like it or not.

Product Manager

Hard-core banglorean here.  

Seen dunzo grow from when it was a WhatsApp group in Indiranagar to when it became a verb. What happened to dunzo? 

Call it not understanding what I have read or just plain lazy,  I am not able to fathom what happened to a company that was the OG of its industry and grew with 0 marketing and solely on the product and how it happened. 

Anyone care to simplify it and explain?

Dunzo for dummies.

Sales Manager

Project Manager

What are you guys doing to over come the risk of US default?

If US defaults, do you think there will be layoffs in india?

A viral(but not informative) Bhatnagar recently shared a graph of India, with red and blue belts. I have a quick question as to how is state wise GDP measured?

Like almost all large banks are headquartered in Mumbai. So, the contributions by regional departments of those banks, would those be counted in Maharashtra's GDP or respective state's GDP? Or is this question not relevant? 

Or say since Maharashtra is the HQ of major banks, almost all corporate loan sanctions happen there (so that's why they have a disproportionately high share of stamp duty collection). Even if there's a manufacturing company in Jharkhand, they will have to get stamp papers in Maharashtra to get loans.

Also Kerala gets disproportionate share of remittances (inwards from ME). Do these remittances get counted in Kerala's GDP. These are mostly blue collar workers, so it's not like Kerala education system is producing extraordinary people or Kerala govt incubating industries. 

So, that's why I am very confused how is state wise GDP computed?

Any economists in the house?

Investor

Welcome to Personal Finance's Private Community

Both indexes began diverging sometime close to when Fed started to aggressively hike rates. It appears that the post-COVID rally was more favourable to the S&P but NIFTY is currently outperforming on absolute returns.

My idea is fundamentally simple. Financial prudence during the raging recovery paid off for us, the economy appears resilient and poised to do well in the near to mid-term. It also reflects that markets are pricing recessionary risk very differently to both markets.

Any ideas by others?

[Thread] Why is the Indian Public Market outperforming the US Public Market?

..unless either of the two mess up insanely bad

We'll probably get to the #3 spot if things go well. But it seems impossible that we'll ever go beyond that.

Internal reasons that are very hard to fix:-

(1) Our population TFR fell below standard replacement rate in 2023. This means we will not be able to follow the same economic growth trajectory required to reach developed status before population stagnation or declination. This is not a death knell but definitely very VERY bad news.

(2) Our blue-collar workforce skill levels are not only subpar but are slowly falling behind the world standards every year. Much of our youth aim to join government orgs like the Army or the Railways which train for the job later, not before. Despite a national shortage of skilled plumbers, electricians etc, our vocational training orgs have been unsuccessful in attracting people towards these careers as well as churning out skilled workers.

(3) Our bureaucratic environment is extremely slow with pathetic turnaround times on initiatives. This is not government specific and has always been the case so it seems like this will always be. This is not even a problem unique to India as many other countries have been facing this too but it is still a factor that negatively impacts our growth massively.

I wish it was just internal reasons but a large part of it also comes down to both China and US being aggressively great at ensuring their successes:-

(1) Chinese manufacturing seems nearly impossible to overcome - not just for India but also for the US. Yes, we might win over some industries and companies like the US, Vietnam, Thailand etc. have been doing but the amount of autocratic control in China allows them to crush competition easily. Case in point - the recent tussle between India and China on solar manufacturing which China won by autocratically lowering their prices.

(2) If de-dollarisation succeeds, it will benefit China the most because (contd. in comments)

Controversial: India will never overtake China or US

Let's do our part, instead FOMO, have an abundance mindset,keep building and shipping.

curious to know. I remember fiscal strategy was quite different from other countries during covid. 

the government focused on infrastructure related expenses rather than direct benefit transfer.

What do you think we are doing right as a country?

Honestly, government ain't doing a lot but it's people who r hustling n boosting GDP. Govt. is just an enabler. 
  
 1. Fpi+fdi+remittances+dollar sale by RBI is reason behind inr stability. 
  
 2. Due to festival demand we saw a zoom in manufacturing, real estate and mining which resulted in 7.8% q2 growth 📈. 
  
 3. Remove top 5cr tax paying citizens n nation will be like a sub saharan Africa 🌍 nation 
  
 4. Infrastructure boost by government causes cyclical effect in economy. Dbt or ubi ain't a solution in 1500M nation. It's suitable for small EU nations with 5-10M population. 
  
 5. I believe government including states should spend on education, skill development n health as much as possible. Currently we spend 20% on subsidy n less than 2% on education or health. It's happening since 1947. 
  
 We need to build capacity n not work less but paid bots. 
  
 We should be a knowledge economy not a labour economy. 
  
 Peace out ✌️

Senior Consultant

Cost of energy and Intelligence will be near 0 by 2030.

What do u think 🤔 on this

Amidst Layoffs Sam Altman says...

Can anyone from Zepto help me understand the Unit Economics of Zepto (some structure would help)? Is it working, are the dark-stores really operationally profitable?

Zepto Economics

What is your take on Government debt?

Manish Tewari, Mudi shud rejine. 
  
 Debt/GDP in 14 = 52% odd 
 Debt/GDP in 23 = 57% odd 
  
 Plus new highways, airports, education institutes, freight corridor, food guarantee for 800 million, etc. 
  
 What exactly is the problem in using leverage to optimally leverage your balance sheet?  
  
 The only intergenerational equity thats being eroded over time is with the owners of the Congress party.

Software Engineer

50 Basis Points Rate Cut

I was thinking about this few days back...Today a swiggy employee validated my thoughts so posting here.

Layoffs are mainly in cream jobs(20-30% which is hardly 2-3cr source tax web) and in India mainly home loans or highly consumable loans like car or PL are taken by White collars...As per labour law, we ain't protected like in Korea.

So, if someone or let's say a major chunk loses his or her job then how the system will absorb this default?

Some data...

Fy23 Home loan Size is 20 lac crore or $250B (15% of total loans disbursed by amount)

2030 it's about to touch $1T

Cagr 23% in HL growth 📈

What if defaults rise in dual digit?

Plus exorbitant hike in flat price like literally greater Noida West have 5lac unsold flat but still 10lacs worth flats are being sold at 40-50lacs (poor quality and seelan issues after a month)

PS - Usa and China have seen this. (2008 and ongoing in China)

Home Loan Crisis in India 📈

Uber , AirBnb , SWIGGY, Zomato etc are "Comission" or "Bicholia" Companies. Why do they keep losing money? They should make money even if they are to provide attractive offers to drivers/delivery guys etc

Is it because they spent too much "Growing" and its impossible to make the money back?

How did this happen.

Naive question about some business models

Test Engineer

Why do educated graduates are paid the same as a sweeper of railway ? Why do service based company do this , do they think freshers are as worthy as a sweeper ? This is a genuine question, most of the service based companies earn in billions why they choose to pay shit to a hard working student who just got a job ? This is so unfair. I feel they are just taking advantage of them.

A sweeper gets paid 25k/month at railway. Why service based company pay the same to a fresher ?

Ask those influncers whats will you do with your life after FIRE. Assuming target completed at 35yrs of age then what? And even after that what will you do with the money. Keep in bank or stocks to be passed on to "no one" after you or just maybe taken up by banks and govt and home taken up by land encrochers. Life is not at end after FIRE. FI is good so you can protect your family but when you "killed" your family tree itself to achieve FIRE what did you acheive ,for whom, for what? Good for show offs maybe but internet fame is limited till there only no one is there for you on ground. Empty  4 walled rooms being cat/dog "moms" all have been already experimented in west and now being tried to replicate here. 
They want us to stay poor by selling us the lifestyle they are living though the money they got by selling the courses. The logic they applied maybe worked at that time but does it guarantee the same logic will work in next 10 yrs and if thats true why not they themself buy all those assets with all that money  will get 100 bagger in next 10 yrs themselves.
I can continue the same with their rent vs buying home logic but maybe keep it up for another day.

Finfluencers and their fuc*ed up logics

I remember during tech boom, almost every one was jumping jobs every 6months. I am at mid senior level in my company and some of us who did not hopped jobs where consider failure. 
We had very hard time retaining people around. Now been more than a year and no one is resigning. Wonder will developers learn if another cycle of boom comes in.

Can someone explain me the economics of this?

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