Thursday 30 June 2016

#TICVacations - Learning to Fly

Welcome readers, #TICVacations is a special blogging series of I will be on a epic solo journey to Tamil Nadu, Kerala and Karnataka. It is my sincere initiative to showcase the best of local industry, culture and food. This article is about my very first flight experience.

It was always on my mind. I always wanted my first ever flight experience to be for blogging purposes. I am invited as a business blogger by VV Mineral, India's largest mining, exporter and manufacturer of Garnet and Illeminet ( rare metals ). I flew to Toothukudi, famously known as Tuticorin from Mumbai via connecting flights. My first flight was Indigo 6E Mumbai - Chennai. Since, it was my first ever flight I reached 2 hours early at the Terminal 1B to be on safer side. There was huge queue for initial checks. Luckily, the indigo baggage counters were close by. Clicked a few selfies, uploaded tons of images and filled my facebook, twitter and instagram with check-ins. In middle class India, flights are still considered as prestigious. There is a reason why Mumbai's airport ranks second in Facebook check-ins after Changi, Singapore.

I had to find my way through and after a lot of enquiry, I finally got my boarding pass. Mumbai monsoon was playing its role by delaying my flight by 20 minutes. Soon, gate number 15 opened and I went inside the low-floor bus which reminded me of Mumbai's starbus. The bus reached our flight and within minutes. After clicking a few selfies I was inside the airplane. The first impression was similar to a Volvo bus although the cooling was kinda awesome! Some pretty ladies with tons of makeup were giving instructions which I chose to ignore as I had a window seat and I was pretty excited. The airplane started moving....

Minutes later, we were was on the runway. It gained speed very rapidly. I thought this plane would easily beat bugatti veyron ( that's a lie, btw ). It took us less than 60 seconds to cover 3.8 km runway. Luckily, With takeoff, I could see the vastness of the megacity Mumbai. My eyes could see as far as Dadar. The Bandra Worli Sea Link looked magnificent from the bird eye view. Few moments later, I could see Girgaum and Queen's neckless through the clouds. As the clouds got thicker, we were in turbulence. Clouds and vast blue sky as far as eyes could see. I could feel the pressure in my ears but I was on cloud 9.

About 100 minutes later, we were in Chennai and about to land. Soon I could see the port, national highway and even the newly constructed metro.

The landing noise of tyres hitting the tarmac was damn scary. After the flight came to a hault, we were in a hurry as the layover for Chennai - Thootukudi flight was just 1 hour. After wasting my precious time at baggage claim, I rushed to Spicejet boarding counters and went near to gates.

The gates were already open. The bus took us to our flight. Chennai - Tuticorin flight was the most adventurous part of the journey. Spicejet still uses Bombardier Q400 for smaller routes.

Bombardier Q400 has the technology of 1980s. Q400 are known for fuel efficiency and low maintenance thus used by many Indian airlines for smaller airports. We took off at super speed but it really was a rough ride. The airplane didn't seem to have been maintained well by Spicejet. It felt like travelling by State transport AC bus. Tuticorin has 3 small islands near its sea coast. I got to see the port, salt pans and thermal power plant from my window. The landing of Bombardier Q400 was harsh and it made a lot a noise ( meri toh fat gayi ). Exit procedure took less than a minute. Tuticorin airport terminal is smaller than most Konkan railway stations...frankly. Our chaffuer was waiting at terminal dropped us at GRT Regency hotel.

My first ever flight experience.. enchanting, wonderful and scary.

Tomorrow, I will be visiting VV Mineral factory. I sincerely thank the sponsors for sponsoring my stay and flight tickets. More tomorrow. #TICVacations #TICgoesSouth.
Do check out all the pictures on my insta page -

- Chaitanya Kulkarni.
#TICVacations #GoingSolo

Friday 17 June 2016

Oh no! You got a job.

My first job at Rs. 2,00,000 per annum. I was excited too as those six digits seems big for a 21 year old. Signed my first ever offer letter before getting graduation certificate. Those six digits would buy me some beer, clothes and even a vacation. But today by simple maths, I am realising it that it was the biggest mistake of my life. I undervalued myself like 99% Indians do.

Your parents invested time and money so that you could get a college education. Only 9 out of 100 students in India graduate from a NAAC A graded university. Most of us living in Tier 1 cities are automatically fortunate enough for good quality education. Our fortune should pay us more right. Wrong! The fact that we accept a 2 lakh pay fails us at self-evaluation of our skills.

Your 90% in school, 80% in high school and A grade in your graduation have taught you nothing. I hope you agree with this quote - ' Time is money '. If yes, then implement it in your salaries. Hope, we follow global standards of pays that is hourly wages. Next time when the HR asks you for your salary expectations, stump him by your answer. For example, say Rs. 150 per hour for 30 days including leave benefits.

Learn to earn more so that you don't crib on twitter when petrol prices go up. Your Rs. 2,00,000 per annum salary means Rs. 15,000 per month in-hand. In India, our pay in calculated for 30 days so that makes Rs. 500 per day which still OK. Europe, US, Singapore and almost the whole world excluding shitty countries have hourly wages. European and American fresher earn more hourly wages than senior managers in India. Graduates from NAAC A Indian university earn Rs. 50 to Rs.70 per hour. Is this the value of your hardwork and education. The picture is really sad when you compare the pay of Indian graduates worldwide.

A buzzfeed articles rightly calls us 'Urban Poor'. Pub hopping on weekends, Smartphone in our pockets and we are crazy for brands. All this show-off to make the most of our low pay. We dress for the jobs we want, forgetting that most salaries are tailored to afford dressing for the jobs we have. Majority of low pay graduates have no money to spend by 20th of every month.

When you're broke go and get a loan
Take out another mortgage on your home
Consolidate so you can afford
To go and spend some more when
you get bored. - Shania Twain

PS - Hourly wages may lead to hyperinflation in India. Hourly wages should be demanded on an individual level without making any change in Indian labour law.

- Chaitanya Kulkarni ( )

Wednesday 15 June 2016

GIFT City - India's upcoming global financial hub

The global finance business is ever booming. Global financial services industry is undergoing major reforms. New York, London and Zurich were classified as global financial hubs around 40 years ago. In the early 90s, Singapore and Hong Kong emerged as a natural choice for global financial investors. Smaller and highly efficient governance resulted in 'Ease of Doing Business'. Gujarat International Finance Tech City ( GIFT City ) is India's upcoming global financial hub situated between Ahmedabad and Gandhinagar.

GIFT City is planned as a financial Central Business District. GIFT will be classified into processing area and non-processing area. Processing area will include IFSC, techno park, commodity exchanges, global trading exchanges, banks, insurances and KPOs. Non processing area will consist of commercial buildings, hotels, restaurants, hospitals, schools and government offices. GIFT City will have a FSI of 3.65, one of the highest in India.

An IFSC caters to customers outside of its jurisdiction of domestic economy. Nearly all banks plan to open a Offshore Banking Unit in GIFT City. YES Bank, ICICI Bank, Kotak Mahindra Bank, IDBI Bank etc have already started their international banking unit operations. Since launch, IFSC business in GIFT City have reached $250 million milestone in just 6 months. By the end of FY17, IFSC business in GIFT City may reach $1 billion. It is estimated that $50 billion worth of international business is conducted outside of India in absence of IFSC in India. GIFT City and Mumbai's BKC IFSC may employ 2 million people by 2020.

As observed globally, IFSC gives boost to local economy and improves the standard of living. In the span of 30 years, Singapore and Hong Kong have emerged as wealthier nations. IFSC are an invitation to high pay jobs which adds impetus to consumption GDP. Wealth adds to brand image as IFSCs around the world attract international businesses and tourists. With Metro, AC buses and ICT, GIFT City is truely an utopia of urban living.

GIFT City has signed a Memorandum of Agreement with Singapore International Arbitration Centre. Any successful IFSC requires an efficient dispute redressal mechanism. SIAC is widely used by indian companies. According to MOA, SIAC will establish a representative office in GIFT IFSC.

Major stock exchanges, banks and insurance companies are moving their business to GIFT City. State Bank of India will have its own building with 2 lakh square metre space. Reliance Capital is also planning to build its own building. 5 foreign banks are awaiting clearance from RBI to set up operations in IFSC.'s take

Gujarat's GIFT city is at its initial phase. Major financial services are planning to run its operation at earliest in GIFT but are reluctant because of lack of public infrastructure. Ahmedabad Metro and BRTS will connect with GIFT City in future. Success of any CBD depends upon its strategic location and connectivity. is of a view that GIFT IFSC and Mumbai BKC IFSC can co-exist.

- Chaitanya Kulkarni ( )

Friday 3 June 2016

Datsun redi-GO : A car for ready-to-go generation

The small hatchback segment caters to major demand in the indian automobile market. Crowdy cities force India's middle class to go for small car. Datsun has launched all new redi-GO. Datsun redi-GO is an entry level hatchback designed for first time buyers. reviews Datsun Redi-GO. Let's look for what we liked about Datsun redi-GO.


The Datsun redi-GO has good driver height for people above 6 foot. The redi-GO boast a tall boy design with some sharp and dynamic elements. Datsun redi-GO is the entry level hatchback to offer day time running lights. The dashboard feels premium at its price. Redi-GO comes inbuilt with audio system which can be connected to your mobile. A better riding position would boost your confidence and you could enjoy the drive. Boot space is ample for your shopping needs.


Can it defeat a F-16 jet in a drag race? No. The Datsun redi-GO a family hatchbatch designed for people who want a conformable ride with their loved ones. It has 799 cc engine and 5 speed manual gearbox and can easily touch 100 kmph on Mumbai's eastern freeway. The redi-GO has the segment highest ground clearance of 185 mm. Datsun redi-GO will surely give your freedom from Mumbai's potholes and speed breakers. Datsun says that redi-GO has the best braking in the entry level hatch segment. The compact design of Datsun Redi-GO provides the ultimate manoeuvrability with full turn in just 4.7 metres. It also comes with electric power steering and airbags. Overall, the datsun redi-GO is well engineered product.


Before we tell you the price, we talk about the average. The 799 cc powered Datsun redi-GO provides a impressive fuel economy of 25 kmph. A 600km trip to Goa from Mumbai would just cost you around Rs. 1800. Epic ride quality and fun with loved ones and redi-GO would give good vibes. The Datsun redi-GO will be launched on 7th June. The Indian Capitalist predicts that the datsun redi-GO will be priced around Rs. 2,50,000.

A smart pricing point for a well engineered car would demolish the competition in entry level hatchback segment. The Indian Capitalist gives thumbs-up to Made in India datsun redi-GO. The Datsun Redi-GO is a combination of fun. freedom. confidence. The ultimate Urban Cross - Datsun redi-GO - the capability of crossover with a convenience of a hatchback. The datsun redi-GO is the perfect ready-to-go car for today's generation.

This post contains sponsored links from Datsun India

- Chaitanya Kulkarni ( )

Wednesday 1 June 2016 - India may grow at 8.4% in FY17

India is poised to be the fastest growing economy for next 15 years. On 31st May 2016, India's Central Statistical Organisation released core sector data and GDP numbers for FY16. Major market players like Nomura, Care Ratings and CNBC expected India GDP FY16 Q4 at 7.6%. We, at expected Q4 GDP at 7.8% just minutes before official release. IIP data growth increased the expectations of many. India's GDP grew at 7.9% in January - March quarter of 2015-16 taking overall economic growth to five-year high of 7.6% for the entire fiscal.

Nearly 50% of India's population is under 25. India's GDP may reach double digits driven by higher consumption by both rural and urban Indians. The Indian Capitalist expect India's GDP for FY17 to grow at 8.4% making us the fastest growing economy in the world. Our analysis and forecast for FY17 is as follows.

India is a shining star in global economy. With 8.4%, India may retain the spot for fastest growing BRICS economy beating China by nearly 2%. India's higher GDP is backed by increasing rural demand. Agriculture, electricity, telecom and cement are expected to be the growth drivers for India's economy.

India is facing severe back to back drought. The most affected states are Telangana, Maharashtra, Andhra Pradesh, Madhya Pradesh and Uttar Pradesh which are considered to be India's green belt. Agriculture grew by mere 1% in FY16 but there is reason to cheer as IMD has predicted above normal monsoon in FY17. Half of India's population live in rural areas and agriculture is the largest occupation. Better rainfall will lead to higher incomes and thus more consumption. India is expecting bumper demand in agriculture which will help to revive industries as well as services. Bumper supply in agriculture will shadow higher fuel prices and will keep inflation under control.

PM Modi has set an ambitious target for 24x7 electricity across India. India has undertaken a task to electrify 18,000 villages in 1,000 days. The project is digitally monitored through mobile application published by Rural Electrification Corporation. As of May 2016, 8,012 villages have been electrified and connected to the grid. Core Sector data of Q4 FY16 GDP shows stupendous 15% growth in electricity. In 302 days, 9,985 villages will be connected to the grid. By March 2017, all the villages in India will have electricity.
9.7 crore LED bulbs have been sold under UJALA scheme. All the cities in India will have LED street lighting by 2018. India is poised to become a leader in global LED market with the market share of 13%. LED lights will save 20,000 MW electricity every year and Rs. 40,000 crore annually on power bills. Renewable energy space is yet to pick up pace.

In telecom, it's a battle for 4G. Reliance Jio Infocomm with the investment of Rs. 1,50,000 crore will commence operation in Q3 FY17. Data speed wars and attractive pricing will improve the customer base of 4G. Jio is planning to add 10 million customers for 4G within 3 months of launch. Telecom analyst suggest that 75GB 4G may get as cheap as Rs. 200. With more and more people coming online, FY17 will be the golden year for click and brick companies. By Q4 FY17, India will have 1,50,000 kms of fibre optic cable laid. RailTel, the internet arm of Indian Railways will connect 100 railway stations with high speed Wi-Fi. Mobile handset maker Foxconn may start its mobile manufacturing factory by March, 2017. Telecom sector will see Acche Din in FY17

Cement sector may see a improvement in demand for FY17 due to pickup in construction activity and favourable monsoon. Work on major infrastructure projects like Katra - Banihal rail link, metro rail and widening of national highways will add impetus to cement sector. expects Cement sector growth at 6% in FY17 compared to 3% in FY16.

Momentum is building up faster than anticipated. India's GDP success will spell out positive story that soon there will be recovery in private sector. Those criticising GDP numbers are themselves clueless about the solution. Investments will flow in FY17 thus cheers to the future.

- Chaitanya Kulkarni ( Founder, )