Ashish Kacholia

There are so many issues with NRI investments which have reduced their investments in India. For example- a fund cannot have more than 50 pct collective NRI money. Why- no one knows. An individual NRI cannot own more than 25 pct of a fund- Why- no one knows. This applies to even OCIs ( who are foreign citizens) but not to foreign citizens who don't have OCI: why- no one knows. General explanation is that Indians will do round tripping through NRIs/OCIs. Why will they do round tripping- no one knows. There is no difference in taxes whether u are India based or FII. Even if there is no real financial logic to do round tripping but some Indian resident wants to round tripping - Why Indian will do round tripping only through NRIs/OCIs and not foreign citizens- no one knows. And at the end of it- if some very small number of residents do have foreign money outside and they want to invest it back in India why stop them- no one knows. Also if a small percentage are doing something which authorities do not approve, why stop the route for a much much much much larger genuine population- no one knows.

Sir, I visited SU store in Chennai. Was impressed with the collection, very difficult to find such collection at such prices Best part was the way clothes were arranged in size, extremely convenient to shop, staff was diligently maintaining this order Great experience there

As we step into our 80th year as an independent nation, this is my Independence Day column from 2024 Let's look back at where we started and what we achieved - All that we take for granted was not inevitable... Or even likely, when we started in 1947. It was actually not achieved by a single other post colonial nation... even though none face the challenges we did. OUR starting point was the worst life expectancy, illiteracy, poverty and GDP growth, even compared to other Asian Nations - plus the unimaginable diversity in languages, religions and culture... And 500 plus princely States to be integrated. Most of the world thought we would never survive as a united nation. Almost nobody would have given us the chance of arriving intact with the same constitution nearly 80 years hence. It is an achievement for which we have to give credit to our freedom fighters and those who laid the foundations of institutions in the country. Not only the developing world, we were often ahead of the West as well. For instance, one adult one vote did not come to the US, Switzerland and Australia for decades after us. Somewhere women were excluded, at other places it was the minorities There were almost no management institutes in the rest of Asia a good 30 years after we started building ours And of course no other developing Nation thought of setting up any research institutes for space, atomic energy, cellular biology and paleo sciences in the 1940s and 1950s. Pakistan and India inherited the same army and civil services structure - so why did one have dictators and military coups... and the other did not? It was NOT chance or happenstance - it was a very well thought out structure, put in place by the leadership. We have come a long way but also need to remind ourselves of where we have taken eyes off the ball and what we need to do. Happy Independence Day! Jai Hind! PS: This was my first column for Mint so it is also the second anniversary of the 'Myths and Mantras' column @firstglobalsec @livemint Message from those who came before us as penned by Kavi Pradeep ... मंज़िल पे आया मुल्क हर बला को टाल के सदियों के बाद फिर उड़े बादल गुलाल के हम लाए हैं तूफ़ान से कश्ती निकाल के इस देश को रखना मेरे बच्चों सम्भाल के तुम ही भविष्य हो मेरे भारत विशाल के इस देश को रखना मेरे बच्चों सम्भाल के देखो कहीं बरबाद ना होए ये बगीचा इसको हृदय के खून से बापू ने है सींचा रक्खा है ये चिराग़ शहीदों ने बाल के ... आराम की तुम भूल भुलय्या में ना भूलो सपनों के हिंडोलों पे मगन होके ना झूलो अब वक़्त आ गया है मेरे हँसते हुए फूलों उठो छलाँग मार के आकाश को छू लो तुम गाड़ दो गगन पे तिरंगा उछाल के, इस देश को...

To one and only, Rakesh Bhaiya. The one who was believer, learner, risk raker, risk manager, self aware, trader, investor, friend, family man, philanthropist, visionary and a big bull on life and India. He was #RARE. We miss him and his timeless wisdom. Here is our tribute to the #legend @utpalsheth @carnelian_asset @khemani_swati @CNBCTV18Live @NDTVProfitAlpha @ETNOWlive @nikunjdalmia @niraj_shah @_prashantnair @_soniashenoy @ShereenBhan @AnilSinghvi_ @ZeeBusiness @_anujsinghal @CNBC_Awaaz @LuckyInvest_ARK @narendramodi