Latest news with #Shrivastava
Economic Times
7 hours ago
- Business
- Economic Times
How to build wealth at 16% per year? This founder shares a 'steady' example of Indian govt's 87x growth
Akshat Shrivastava, founder of financial education platform Wisdom Hatch, has shared a data-backed breakdown of how the Indian government has quietly built wealth from stock market activity—compounding returns at nearly 16% annually over the last two decades. He says retail investors can learn from this model instead of relying blindly on mutual a LinkedIn post titled 'Wealth is built silently,' Shrivastava compared the Indian government's income from stock market-linked taxes in 2004 and 2025. In 2004: In 2025:STT: ₹50,000 croreStamp duty: ₹8,000 crore Capital gains: ₹20,000 crore Total: ₹78,000 croreThis increase in revenue translates to a compound annual growth rate (CAGR) of 15.7%, Shrivastava noted.'Wealth is built silently. Indian government is a prime example,' he wrote. Shrivastava used this comparison to highlight how retail investors may be missing out on smarter strategies.'Retail investors poured money like crazy into Mutual Funds. But, 95% of Mutual Funds in the same period have underperformed these returns,' he cautioned that many investors are being steered toward mutual funds as the default option, without questioning their actual performance. 'Of course, you are being convinced that Mutual Funds are the best,' he added. Retail participation in Indian markets has surged in recent years, with millions opening demat accounts and increasing investments in mutual funds, especially through systematic investment plans (SIPs). However, concerns about returns, transparency, and fee structures persist among financial experts. Shrivastava's remarks add to ongoing conversations around how retail investors should assess long-term returns, fees, and the narratives promoted by financial institutions. (Disclaimer: This article is based on a user-generated post on LinkdIn for informational purposes. has not independently verified the claims made in the post and does not vouch for their accuracy. The views expressed are those of the individual and do not necessarily reflect the views of Reader discretion is advised.)
Time of India
7 hours ago
- Business
- Time of India
How to build wealth at 16% per year? This founder shares a 'steady' example of Indian govt's 87x growth
Akshat Shrivastava , founder of financial education platform Wisdom Hatch, has shared a data-backed breakdown of how the Indian government has quietly built wealth from stock market activity—compounding returns at nearly 16% annually over the last two decades. He says retail investors can learn from this model instead of relying blindly on mutual funds. Government earnings grew 87x since 2004 In a LinkedIn post titled 'Wealth is built silently,' Shrivastava compared the Indian government's income from stock market-linked taxes in 2004 and 2025. Explore courses from Top Institutes in Select a Course Category Degree CXO Data Science Design Thinking Technology Others Artificial Intelligence Cybersecurity Digital Marketing Management healthcare MCA Healthcare Project Management Operations Management Leadership Public Policy Product Management MBA Data Science Finance PGDM Data Analytics others Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details In 2004: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Securities Transaction Tax (STT): ₹823 crore Stamp duty: ₹80 crore Capital gains: negligible Total: ₹900 crore In 2025: STT: ₹50,000 crore Stamp duty: ₹8,000 crore Live Events Capital gains: ₹20,000 crore Total: ₹78,000 crore This increase in revenue translates to a compound annual growth rate (CAGR) of 15.7%, Shrivastava noted. 'Wealth is built silently. Indian government is a prime example,' he wrote. Most mutual funds underperformed Shrivastava used this comparison to highlight how retail investors may be missing out on smarter strategies. 'Retail investors poured money like crazy into Mutual Funds. But, 95% of Mutual Funds in the same period have underperformed these returns,' he said. He cautioned that many investors are being steered toward mutual funds as the default option, without questioning their actual performance. 'Of course, you are being convinced that Mutual Funds are the best,' he added. Retail investing continues to rise Retail participation in Indian markets has surged in recent years, with millions opening demat accounts and increasing investments in mutual funds, especially through systematic investment plans (SIPs). However, concerns about returns, transparency, and fee structures persist among financial experts. Shrivastava's remarks add to ongoing conversations around how retail investors should assess long-term returns, fees, and the narratives promoted by financial institutions.
Time of India
8 hours ago
- Business
- Time of India
'Problem is not talent': Startup founder explains why India lags in tech despite having world's best engineering minds
Akshat Shrivastava , founder of financial education platform Wisdom Hatch, has criticised India's slow adoption of technology-driven services. In a social media post, Shrivastava said, 'Tech supremacy leads to Economic supremacy. This is a basic fact. Right from Mesopotamia, Romans, Persians. And, in modern history: Spanish, UK, and now the US & China. Every empire has exhibited this trait.' He acknowledged India's strength in engineering talent but said that technological implementation remained weak. 'One could argue that: India has best engineering talent in the world. But, we are far away from Tech supremacy. We still look at BTC, Cryptos, blockchain with derision. Forget that: we still prefer taxi mafias over apps,' he wrote. Explore courses from Top Institutes in Select a Course Category Design Thinking Project Management Digital Marketing healthcare Healthcare Cybersecurity Data Science Data Science Product Management Others Artificial Intelligence Finance MBA PGDM Operations Management CXO Leadership Degree others Public Policy MCA Management Technology Data Analytics Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details Goa keeps Ola, Uber out Shrivastava's remarks come shortly after the Goa government formally barred large national ride-hailing platforms from operating in the state. In June, Chief Minister Pramod Sawant had clarified that the newly issued Goa Transport Aggregators Guidelines 2025 do not support entry of companies like Ola and Uber. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo — Akshat_World (@Akshat_World) 'Taxi operators need not be in any sort of confusion. The guidelines do not aim to open flood gates for national cab aggregators like Ola and Uber,' Sawant said. Tourists face problems, allege monopoly Tourists and some locals have criticised Goa's taxi setup, calling it a monopoly that blocks even local app-based services. Currently, only Goa Miles and Goa Taxi are permitted, but visitors claim they often face difficulties using them due to interference from taxi unions. Live Events In April, a tourist described the situation as a 'transport mafia'. 'Here, no private taxi apps like Ola and Uber are available; you have to rely on the unions who operate on their whim,' he wrote, adding that he was charged ₹1,600 for a 10 km journey. Cultural issues and misaligned incentives Shrivastava said that the problem is not lack of talent, but a deeper cultural and policy challenge. 'Forget even that: with the rise of alt science, astrology, gambling. The scientific temper has never been this low in our country. Problem is not talent. The problem is: misaligned incentives. Politicians do regressive things to win. But economy rewards progressive things & futuristic planning, which eventually leads to tech supremacy,' he said. Crypto policy still evolving India continues to take a cautious stance on new technologies like cryptocurrency. While not legal tender, digital assets can be held and traded under strict rules, including a 30% tax on gains. The Reserve Bank of India maintains that crypto poses risks to financial stability, and a formal crypto policy or bill is expected later in 2025.
Time of India
5 days ago
- General
- Time of India
Sev-parmal served instead of kheer-puri under mid-day meal, 5 get notices
Indore: A video showing students at Govt Primary School at Lalguwadi village in Ratlam district being served sev-parmal (puffed rice) instead of mandatory kheer-puri under the mid-day meal scheme has gone viral on social media. After receiving the video, Ratlam zila panchayat CEO Shringar Shrivastava directed the mid-day meal nodal officer and additional CEO to carry out an immediate inquiry and take necessary action. Following the order, show-cause notices were issued to five individuals associated with the school and the meal preparation, directing them to respond within three days. The incident occurred on June 24. But, the video surfaced on Tuesday, and reached the district panchayat officials. In the video, students can be seen eating only sev and parmal, while a few staff members and villagers stand nearby. A voice in the background is heard saying, "Jo ho raha hai, bolte jao, record ho raha hai" (Keep talking, it's all being recorded), suggesting the video was captured by a villager to document the deviation from the prescribed meal. "We got the video and information regarding this change in the menu through our internal monitoring system. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cách giao dịch ETH/USD mà không cần nắm giữ Ether IC Markets Tìm hiểu thêm Undo Notices have been served to five persons responsible for providing mid-day meals in that school. A detailed enquiry has been initiated in the matter," Shrivastava told TOI. Based on preliminary findings, notices were issued to school headmistress Vijaya Maida, assistant programme coordinator Vivek Nagar, block academic coordinator Bhupendra Singh Sisodia, and president and secretary of Saraswati Self-Help Group, Shanti Bai and Kamla Bai respectively. The administration has warned that failure to provide a satisfactory reply will result in disciplinary proceedings under the Madhya Pradesh Civil Services (Classification, Control and Appeal) Rules, 1965. The state govt has fixed menu under the mid-day meal scheme, kheer-puri is compulsory on every Tuesday.
Time of India
5 days ago
- Time of India
Seven pvt schools fined Rs 20k each in Bhind for inflated textbook prices
Bhopal: The Bhind district administration has imposed fines of Rs 20,000 each on seven private schools after discovering they overcharged students for textbooks beyond authorised rates. District collector Sanjeev Srivastava initiated an enquiry following parental grievances about schools collaborating with booksellers to charge inflated prices. The investigation was conducted by a team led by the district education officer. "The administration imposed a fine of Rs 20,000 on each of the seven schools running classes from 1 to 8. They have also been directed to refund the amount to all those students from whom more money was charged for books than the prescribed rate," said Shrivastava. The investigation uncovered definitive proof of schools compelling students of classes 1 to 8 to purchase textbooks at prices substantially above market rates, thereby breaching educational standards and imposing undue financial strain on families. The authorities have cautioned that future breaches would result in more severe penalties. The district education office distributed directives to all private schools in Bhind regarding book pricing. The institutions must openly display govt-sanctioned rates and cannot mandate purchases from particular vendors. Parents are encouraged to notify the district authorities about any overcharging incidents. For accountability purposes, schools must now document all book transactions comprehensively. The authorities will conduct periodic inspections to curb such unfair practices. The MP Parent Association endorsed these enforcement measures, observing that such financial exploitation became routine recently. "The Bhind district administration's intervention set a precedent for other regions facing similar issues," said association's general secretary Prabodh Pandya. The non-compliant schools received instructions to return excessive charges to parents. They are required to submit detailed reports outlining preventive measures against future violations. The district education officer will supervise the execution of these remedial steps. This enforcement initiative forms part of comprehensive measures to oversee private educational establishments and ensure affordable quality education. Officials have stressed that whilst private schools are essential educational providers, they must function within regulatory frameworks and uphold ethical standards.
