Arvind Chari (@arrychary) header
Arvind Chari (@arrychary) profile picture

Politics, Economics, India Investing, Global Macro—🙄; Travel, Food, Wildlife, BioDiversity, Progressive Rock 😎

London, England
Joined October 2017
Photo by Arvind Chari (@arrychary)Photo by Arvind Chari (@arrychary)Photo by Arvind Chari (@arrychary)Photo by Arvind Chari (@arrychary)Photo by Arvind Chari (@arrychary)Photo by Arvind Chari (@arrychary)
Global India Insights A Journey to understand what drives global institutional investors and their implications and impact on India investing Subscribe on LinkedIn linkedin.com/build-relation/… Follow this thread for links to the editions to the newsletter
1
1
1,580
Just back from Tel Aviv, if there is one thing I would have like to join before coming back it would be this! Jews and the Palestinian citizens of the standing together. The time has come Jews, Arabs, and other citizens, such as the Haredi, to join forces, creating the most representative gov ever. Once a dream, it is now in reach.
🔴 HAPPENING NOW Palestinians and Jews flood the streets across Israel to demand a Jewish-Palestinian government
39
300
16
919
23,259
Punjab fixed it.. But need to wait for a few more weeks and for the stubbles fires from across the border
How did Delhi fix its AQI? Remarkable.
1
162
This is becoming quite a thing in the US.. great to see this in India as well
Launching RNAFoundry.com – we manufacture personalized cancer vaccines.
134
Replying to @arrychary
@arrychary explains that understanding a country's economic growth often sounds much more complicated than it actually is. At its core, growth simply comes down to how much a nation saves and how effectively it puts that money into productive investments. What fundamental factor do you think plays the biggest role in turning national savings into real economic progress?
1
1
3
334
Arvind Chari retweeted
🚨 𝐌𝐚𝐧 𝐃𝐫𝐞𝐬𝐬𝐞𝐝 𝐀𝐬 𝐀 𝐉𝐨𝐮𝐫𝐧𝐚𝐥𝐢𝐬𝐭 𝐀𝐭 𝐁𝐉𝐏’𝐬 𝐇𝐚𝐥𝐥𝐨𝐰𝐞𝐞𝐧 𝐏𝐚𝐫𝐭𝐲 𝐖𝐢𝐧𝐬 𝐁𝐞𝐬𝐭 𝐂𝐨𝐬𝐭𝐮𝐦𝐞 𝐀𝐰𝐚𝐫𝐝
25
535
30
6,154
66,004
Arvind Chari retweeted
Air Chief Marshal AP Singh ends his tenure tomorrow - among the finest Chiefs I have seen in 3 decades of covering the forces. Met him first when he headed the National Flight Test Centre's team of test pilots flying the Tejas. Excellent aviator, a very fine mind. Utterly unpretentious, spoke his mind - singularly determined to make changes where they mattered. Didn't want to kick the can down the road. Took on HAL directly with Tejas and made it clear - deliver what you promise or don't deliver at all. This was the man we needed at the helm for Op Sindoor. In an era of social media, foreign disinformation campaigns on X and a plain lack of understanding of how warfare happens, his reputation took a hit over IAF losses during Sindoor. The expectation was of a perfect record. That doesn't happen in military operations of the scale and intensity that we saw. Important to remember ACM Singh as the Chief who helmed the IAF's massive fight back which forced Pakistan to the ceasefire table. On May 10, 2025, the IAF hit Pakistan harder than at any point since the 1971 war, 54 years earlier. By about noon that day, the IAF was clearly on the ascendency, picking off high value targets at will. More than 10 airbases and air defence sites had been struck. An Airborne Early Warning and Control aircraft had been shot down. IAF jets tasked with hitting even more targets had to abort their missions when Pak's DGMO picked up the hotline and said they had had enough. That will remain my abiding memory of Air Chief Marshal AP Singh.
162
781
61
4,681
151,039
Arvind Chari retweeted
A strong case for eliminating Capital Gains Tax on FPIs from a 36-year market veteran who founded India's first institutional research house focused on encouraging FPIs to allocate capital to India. Worth a listen @nsitharaman
Stocks in China have tumbled. Stocks in Brazil will open gap down. The AI trade is wobbly. Good time for eliminating the Capital Gains Tax on FPIs Convert Arrogant India to "Aajao India", the true AI FPI inflows strengthen INR ‘Never seen such dismay’: financialexpress.com/busines…
2
3
21
1,326
Replying to @b50
Very true, Mr Dayal's interview with @the_core_in was very balanced.
1
345
Which is what they should do. Domestic investor capital gains taxation depends on domestic taxation rules for all assets. Foreign investors will pay tax in their home country and should not be made to pay capital gains tax in India. My worry through is that they will do the opposite. Remove tax on domestic investors Keep tax on foreign investors 🙃
I am worried government may only reduce LTCG for FPIs and not give benefit to local investors.Speculating. Also STT is something very few Big names are talking about. Frankly Big Investors dont care about STT. It is only active market participants who continue to suffer there.
3
2
1
7
1,544
The outrageous POD idea has got to me.. this is me thinking in half an hour being awake at 5am.. experts like Ashok datar and BEST can do better. What do you think ? @DuttaAnirudha @CafeEconomics @dugalira @ajay_shah
The only place I have seen this at Heathrow is from terminal 5 to parking lot..haven’t seen it in use anywhere else. We would do so much better if we can run buses at 1-2 min frequency at peak times on a circular route around bkc from Kurla and bandra
10
16
3
58
29,042
The destruction of Mumbai’s BEST bus network by @sohitmishra99 Started in 2005/06, when RIL floated the idea of using BEST depots for their retail business roll out. We kept reading articles then on how BEST was loss making and that mumbai cannot afford to spend on BEST and thus need to lease out the depots for revenue generation The bus depot plan never went through but this idea of ‘BEST loss making’ is an institutional memory now at @mybmc and they have neglected and destroyed the service over years It saw some revival during @AUThackeray and Praveen pardeshi’s time and buses are being procured But even now BMC will sanction and spend 10k crs on 4 seater POD taxis in BKC but won’t spend 100 crs to run 27 buses in BKC which can effectively solve the problems (see my first tweet on a bus plan for BKC which started this thread on buses in cities)
The systematic dismantling of Mumbai's BEST bus network. Mumbai's iconic BEST bus service is collapsing by design, not by accident. Stripped of its historical cross-subsidy funding, the BMC pushed this essential transit system into a dangerous wet-leasing privatization model. This shift forces extreme contractor cost-cutting on labor and maintenance, directly driving the recent surge in bus accidents and breakdowns. While the BMC easily allocates tens of thousands of crores for elite coastal road infrastructure, it actively refuses to merge budgets to protect the daily commute of millions. The decline of Mumbai's most vital public transport is a deliberate policy choice prioritizing profit over public utility. @hussaindorewala youtu.be/vqCuTsZqww0?si=m7sA…
1
89
BKC - Bus Routes Sept-2024-Arvind Chari dreaming up bus routes at 5am having spent a day moving from meeting to meeting inside BKC and enraged at the idea of ‘PODS’ being used to move people Bus Route circular B1-Bandra station to main bkc road and back B2-Bandra station to bkc jio world/other route B3-Bandra station to sebi/trident back road K1-Kurla station to main bkc road and back K2-Kurla station to trident /SEBI back road K3-Kurla station to other parts of bkc C1-Complex circular route C2-Complex to Priyadarshani circle & back C3-Complex to western express highway (Link metro stations and key buildings) Run buses at 15 minute intervals, assuming every trip takes 45 minutes, you need 3*9=27buses (preferably a/c double decker) Charge 5-10 rupees First 3 months will be chaotic as these buses, auto, taxi, Uber, private cars all will be on the road. As people see the availability and frequency and the routes, some will stop using other means of transport. @mybmc @MMRDAOfficial @AUThackeray @AamchiBest @avshenoy1 @suchetadalal
76
Measured responses by Ritika Chopra to the supposed rebuttal by EC
The Election Commission has filed its reply in the Supreme Court to the petition on how the three-member Commission functions. 27 pages, approved by all three members. Its argument: every decision was unanimous, and a Commissioner’s note is a “suggestion,” not a decision. Here’s what it addresses, and what it doesn’t. 🧵 (1/10)
3
523
Replying to @archimags
Respect Ajit. High integrity. And clear thoughts. Hope those in power listen to this.
2
2
20
4,397
Why are foreign investors selling Indian stocks when the economy is growing. The answer goes beyond corporate earnings to the returns investors keep after taxes, currency losses & the risks they take, @AjitDayal2 of @Quantum_MF told me in an interview on @the_core_in. He makes an interesting comparison on how India has lagged China on GDP growth but is ahead on stockmarket returns. youtube.com/watch?v=9pjUryOa…
2
2
1
4
948
Arvind Chari retweeted
Stocks in China have tumbled. Stocks in Brazil will open gap down. The AI trade is wobbly. Good time for eliminating the Capital Gains Tax on FPIs Convert Arrogant India to "Aajao India", the true AI FPI inflows strengthen INR ‘Never seen such dismay’: financialexpress.com/busines…
10
18
3
62
22,307
Replying to @kris_sg
There was an excellent discussion with Mr Dayal and @govindethiraj of @the_core_in , he was very articulate on the reasons of the current situation, no doomsday talk, no flippant views, very balanced. Quoted @ananthng 's views too.
1
2
837
Classic Indian state, regulatory, and bureaucratic incompetence on regular display And all this for exports earnings 😁
Look at the chaos unleashed. Crazy stuff. RBI’s new forex reporting regime kicked in on Oct 1. On Oct 7, the RBI Governor said individuals earning from overseas services (tutors, freelancers, consultants etc) don’t need to report. 23 days later. No FAQ. No written clarification. Banks still sending freelancers a four-spreadsheet Export Declaration Form. Only 2 of 90 banks have published the mandated SOPs via @SindhuHarih in @businessline
1
3
204
Arvind Chari retweeted
An appropriate way to spend a holiday. Catching up on over 100 years of India's economic history. At the launch of @CafeEconomics much-awaited book The Ideas That Shaped Modern India and Its Economy. Waiting to read it.
5
5
53
4,896
Arvind Chari retweeted
Congratulations to Ashoke Sen on winning the Oscar Klein award. Here's a Sen story to celebrate
One of my favorite Ashoke Sen stories is when a PhD student wrote a letter to him(this was in the early 90s) as a last ditch effort to understand some concepts that were eluding her. Unknown to her, Sen was due to visit her institute a week or so later. When Sen arrived, the very first thing he did after checking in was to find the student and answer all her questions.
2
37
3
406
15,775
A story that damages many claims by ECI @Basantrajsonu and @AshwineSingh report that a Booth level agent of the BIP filed 5359 form 7s to delete people. When the ERO refused to do bulk deletions, the BLA wrote to the ECI. And ECI said, file them newslaundry.com/2026/10/24/u… #
11
473
15
809
21,019