4G speeds

India has one of lowest 4G speed in the world. Reference.

Here are some speeds across the world

Country		4G speed
India	-	5Mbps
Pakistan	-	12Mbps
Brazil	-	19Mbps
Switzerland	-	26Mbps
Singapore	-	46Mbps

Why is India's 4G speed one of the lowest in the world?
Faster speed requires more investment in equipment and towers. India levies a GST of 18% on mobile charges. Countries like Singapore charge no GST i.e. 0% GST. Because taxes are lower in other countries, with same investment, better (faster) equipment can be purchased.

Public sector banks are being looted

Some facts:

• Mallya stole ₹4,300 crore
• Nirav Modi stole ₹11,400 crore
• Vikram Kothari of Rotomac, stole ₹3,695 crore

This is only the tip of iceberg. These scams are being reported on front pages. Imagine how many scams are yet to be discovered. Smaller scams found, are not even reported.

Public sector banks are bankrupt. If you are keeping huge amounts in a public sector banks, then your deposits are at risk. For safety, consider moving your savings to a large private bank that has a much healthier balance sheet.

Indian budget 2018-19

A good budget

• lowers and lessens the number of taxes
• Reduces deficit by reducing subsides
• Massive privatization
• Reduces rules, regulations and size of bureaucracy.

The budget released in Feb 2018 has following characteristics:
The good:

• Corporate tax rate reduced for small companies.
• Standard deduction for salaried simplifies tax laws.
• Senior citizens will pay less tax e.g. Rs 50,000 tax free interest.
• Railway fares not increased.

The bad

• Duties raised on imported goods.
• Minimum support price raised for farmers. This will mean higher prices for others.
• Rs 1,200 crores allocated for universal health care. More subsidies means more inflation/taxes.
• Tax increased for high income individuals

The ugly:

• Deficit rises.
• Long-term tax on stock gains introduced.

Overall this budget is bad. It will cause inflation to rise.