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TheBanker’sMirror
@bankaffairs
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BANKING SATIRE | ECONOMIC ROAD MAP | DATA TELLER | BANKING TALES | BEHIND THE BANKING |POLITICS MIRROR | GDP | INDIAN | POLICY INSIGHTS|
INDIA
Joined May 2023
As a Salaried Middle-Class Individual, I Dreamt of Owning a Car – But the Cost Calculation Was an Eye-Opener! This Is Not Just Tax on Tax: It's Side Tax, Lower Tax, Upper Tax — But Tax Everywhere! We paid 30% Income Tax, still, we were asked to pay 28% GST. We paid 28% GST, but were still asked to pay 28% Cess. We paid 28% Cess, but were still asked to pay hefty Registration Fees. We paid Registration Fees, but were still asked to pay 20% Road Tax. We paid 20% Road Tax, but were still asked to pay 50% to 100% Fuel Tax. We paid Fuel Tax, but were still asked to pay Toll Tax for every Foot of Highway. The question of every Indian: How much of our income goes into taxes? Direct, Indirect, Side, Lower, Upper — we pay at every turn! Maybe we should start paying "Air Tax" just for existing! In addition, I am supposed to pay interest on my loan at 9.50%, along with a processing fee, on which GST is also applicable.
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Can borrowers expect fairness from private lenders? Just like goats being well-fed before the slaughter, small borrowers are often trapped by the clever marketing of private players. Revive PSBs for real inclusive growth! @DFS_India
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How Mr.Sanjay khan allowed to sign in this ? In what capacity he has represented AIBOA ?
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Hon. MP Supriya Sule rightly champions #5DayBanking with "Work Smart, Not Hard." But DFS thinks otherwise—playing shepherd, herding PSB staff like goats into useless tasks. Neither thinking themselves nor letting us think. Their mantra? Bury PSBs, abolish RRBs, bloom private banks!, NBFCs ,SFBs ,MFIs; DFS keeps us busy with insurance, social security schemes, asking to work for PFRDA and forces us to lend to SFBs, MFIs, and NBFCs. Their priority? Profit over service. Financial inclusion through MFIs is a masterpiece of exploitation, slicing the poor with hefty interest rates. DFS has become a brainless baby, led by a herd of corporates. @DFS_India
@idesibanda
@nsitharaman @Bankers_We @Infosys_nmurthy @FinMinIndia
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@Fair_Banker @indiyanesan @rupamsmail @ChVenkatachalam @gsnobo1977 @ChairmanIba @FinMinIndia @ChiefIba @nsitharaman @aiboc_in @BankingVoice @fboioa_india @BMSkendra @GirishArya_bms @DFS_India @ufbu @AiBoc @AirrbeaOfficial They are busy in promoting SFB and NBFCs bro ;
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They have every reason to celebrate — at least they got some time to relax. After all, they've done wonderful things for the poor and middle class: better education, improved living conditions, and much more. But now that Delhi is practically becoming a part of UP, don't expect any real development — only empty promises and slogans.
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@mrjethwani_ All attended the meeting after having their traditional beef fry and Malabar parotta.
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PSBs for public welfare, IDBI for private sale-fare. Nationalized for public interest, now getting privatized to cover budget deficits (poor policy decisions)— truly sabka saath, corporate ka vikas! The new mantra for Atmanirbhar Corporates! #indragandhi @nsitharaman @DFS_India #DelhiAssemblyElection2025. #DelhiPolls #DelhiElections2025
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Gold for Rice: Sale of National Assets for Survival The worsening Indian economy is evident from a 73% surge in gold loans, with people pledging gold for basic consumption. With a widening fiscal deficit, the FM, like homemakers, is left with no option but to sell national assets to sustain the nation's needs. Policymakers have failed to create jobs, control inflation, or maintain interest rates. @nsitharaman
@idesibanda @Bankers_We @suchetadalal
@DFS_India #DelhiAssemblyElection2025. #DelhiPolls #DelhiElections2025
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