Why Zomato and Swiggy are failing?

When a business can’t differentiate between Apple and Oranges, it eventually fails.

The above principle applies even more so in the service industry. The hair cut and shaving cannot be priced the same.

The share price of Zomato has fallen by half. The company is running in losses and is clueless about its Strategy. It is trying to rope in new customers by intensive marketing but is failing to keep existing customers.

To be fair to Zomato, its competitors are doing no better. They are in the same boat and suffering the same fate.

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America’s future as an ideological state.

America started its journey as a colony of British and declared independence. It’s forefathers refused to make it an ideological state and therefore the constitution of USA created complete separation between church and state.

The transition of America from being a colony to an independent nation could not have been smooth without help from France which included financial loans.

However when France needed USA’s help it chose to be neutral in the war between France and UK. Again a sign of not falling for ideology.

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Nobel Prize winning economists whom nobody wants in the world.

Nobel Economists:

The economists of Povertarianism:

Several dozen economists have been awarded Nobel prize for the their ‘contribution’ to the study of economics, in past many decades. A large number of these are from India and of these even greater number of such economists belong to State of West Bengal. Many of these economists’ first wife and children from first marriage are living in Kolkatta.

Time-travel into past:

For those who have not been to West Bengal, let me clarify, it is the poorest State of India in terms of infrastructure, per capita income, human development index and every other possible measure. So much so, if one wishes to time travel into past, one can travel to west Bengal and experience what India was about three decades earlier. Old cars, old houses, old technologies, primitive gatherings all witness to a bygone era. The Courts compounds are still bursting with typewriters. Street vendors employ same age old equipment to process and sell goods. This is in the metropolitan of Kolkatta. Try visiting nearby small town and have the real fun.

Back to future:

Ordinarily, a journey to the past must bring good experience but here it appears cause some numbing experience to the mind. All these economist, come up with fantastic theories of ‘distribution of wealth’ and assume that this will eradicate poverty. All these economist have churned out theories after theories in past several decades but nothing have worked anywhere because the empirical evidence they produce has no taker except their ‘fourth European wife’ and the prize committee of Nobel Prize. IMF and World bank like institutions often hire them as consultants to convince countries to pour borrowed milk over sand to alleviate poverty.

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Income tax raids on Anurag Kashyap, Tapsee Pannu and others.

The Secret of making profit from flop movies:

Anurag Kashyap is a mediocre movie director whose last and only successful movie is remembered for the choicest expletives he inserted in it. The actress Tapsee Pannu is no different. She is relatively new comer and not a blockbuster by any standards. Yet both have their networth multiplied exponentially. For past three days incometax department is questioning them for sources of their income.

The Midas Touch of Wealth without SUCCESS.

The Income Tax Department had been monitoring these two for a long time. Their ever rising wealth has become a reason for raids especially the fact that it happened while their movies were constantly flopping. Two producers Vikas Bahl and Madhu Mantena have also similar track record. The IT department is searching the magical wand by which these people generate wealth.

Anurag Kashyap

Anurag Kashyap has been working in the film industry for almost 23 years. In the year 1998, he started his career as a story writer with the film ‘Satya’. After this, he became a director from the 1999 film ‘Last Train to Mahakali’ and a producer from the 2010 film Udaan.

In just 23 years, Kashyap has acquired assets worth about 806 crores. His films continued to flop, but the property has been growing faster rate at which his movies flopped.

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How to survive the collapse of a Bank in India

Lakshmi Vilas Bank is the fifth financial firm to collapse in India within the last 30 months. In these five banks, most were sending out message far in advance that they are about to fall. Is there any method for common people to survive in such failures?

Methods or tricks to survive:

Banking is a difficult business. In India it is a more difficult due to corruption and many legal problems. While there is repeated reforms in the recovery part of bad loans, the disbursement of loan is anything but transparent. The Banks have SOP on disbursement of loans but it collapses after every two decades. Last time there was a similar problem in 1996-99.

The high interest rates on credit is only a reflection of this problem of bad loans. The difference of 3-7% between the prime deposit rate and lending rate is unusually high to cover the cost of money wasted on bad loans. But that is another problem. So how does a common person survive such falling banks?

Few Survival tricks:

There are many simple rules which have to be followed. But this guide is for those who have funds below ten million (one Crore) in cash to handle. For sum more than that, these rules may help but may not be sufficient. First is Post Office Bank.

Post Office Bank

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