MV Act and financial sector health!

We are what we are!
I find to my amusement that Insurance premium payments for TP cover has gone up several folds this fiscal year.Even though every other sector incl. gold jewellery business is facing down turn with a long face, our insurance cos are laughing their way to the bank. How this has happened?Only because some body chose to bring in stringent penalties for breaking rules under Motor Vehicles Act and the police has also chosen to implement them strictly.

This hideous combination has boosted the fortunes of a financial services sector i.e insurance with bulging cash inflows.So people do not have money to buy gold, gadgets etc. since they have compulsorily paid the TP premium!!

If somebody gives you gyan that our economy is sputtering, tell them in their face that people are now paying their insurance TP premium and so they are left with no disposable income to buy other things. The other funny thing about this is, people with their chaltha hai attitude have been shaken out of this mindset to fall in line and cough up TP Premium.This pinches their pockets. But for strict implementation come what may by Traffic police, we would have continued to say "You collect from x, y, z before asking me to pay my TP premium"!!!

Comments

Hanuman and Ganesha!

The two major loved deities of the Hindu pantheon are Hanuman and Ganesha. Let us dwell into the concepts and significance of these two dieties. Ganesha, the son of Parvati and Shiv, is worshipped first before starting any new job or work. Even if you want to start writing or reading , you invoke the blessings of Lord Ganesha who goes under various names- Ganapathi, Vigneshwar, Vinayak, and Pillayar in Tamilnadu. Ganesha Gayathri, Pancharatnam are some of the important Ganesha mantras and hymns. Adi Ganesha idol is in a Temple near Tiruvarur in Tamilnadu with a human face.The mythological story says that Shiv slew His head and then fixed the head of the animal that He saw first after this beheading of His son. Ganesha after that with the elephant head is worshipped as the wisdom god by Hindus. Why only Hindus. He is worshipped in Indonesia where He finds Himself in their currency notes. He is considered the destroyer of evil in Japan. In Mexico, Ganesha idols were said to h...

Indian Economic Momentum is likely to remain on track next 3 to 6 months!

The dashboard on Indian Economic Momentum presents key indicators that highlight the current economic landscape based on Lead and Lag indicators: - **Consumer Price Index (CPI)**: There has been a recent uptick to 3.4% in March 2026. - **Trade Data**: The trade deficit has narrowed to $21 billion in March, although projections indicate a potential widening due to oil volatility. - **GST Collections**: A significant milestone has been reached with gross revenue of ₹2.0 lakh crore. - **PMI (Manufacturing & Services)**: Recent moderation has been observed, influenced by Middle East geopolitics and the ongoing repercussions of the Ukraine war on Russian oil. - **IIP & Core Industry**: Trends in industrial production growth are being tracked. These indicators collectively provide a comprehensive view of the economic momentum in India.

How to prepare for the consequences of Iran war

The COVID-19 pandemic has taught us valuable lessons about resilience in business. One key takeaway is the importance of conserving cash and other resources that may become scarce during challenging times. Businesses must prioritize financial prudence to sustain operations and navigate uncertainties effectively. This approach not only helps in weathering immediate crises but also positions organizations for long-term stability and growth. Reflecting on these lessons can guide future strategies and enhance preparedness for any unforeseen events.

We are what we are !!

Search This Blog