Flipkart Valuation and Start up India

The valuation of flipkart per todays news papers have been reduced by one third from 15B to 5B. Given that consumer demand is slowing and its unable to raise money, where is it headed. How will other smaller startups get impacted. What is Start up India doing for it. So far lot of talk, little on ground. Tax harrassments for startups will only increase after demonetisation. more  

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PIL In the scenario created in the mean time in the Nation of India, several evils have cropped up against humanity, hence humans have been left with no resort but to self claim their rights which though, have been bestowed on them but in ONLY WORDS i.e. they lack practicality, all attributable to Financial Corruption. It is not that humans in India are now being treated as inferior to beasts and driven off all alike in general. This is the outcome of Financial Corruption which has crept into the national system. Thus, it is being observed that people are left with nothing owing to financial crunch as even their basic needs are encroached and they are deprived off from, along with their Constitutional and Human Rights . This has created an absolute state of anarchy as such deprived people of India have nothing else to do but to carry out further crimes and corruption, which for them, is inevitable, as they have to exercise their Right to Life and Liberty. Thus it is being observed that The People will have to, and have to resort to nothing but further evil means fro their survival, i.e. coercively induced evil, hence now humanity is more than put to shame as humanity is not at par or evil beyond evil and could be used synonymously fro each other, the scenario created y the Corrupt equating Human to Devil. The symmetry that the science inherently caries with itself is positive or negative, on or off, adversity or favorability. The sole cause of all this non-sustainable evil is Financial Corruption in this land known as India which had been ideal for the globe and persists being the same type yet benefits nullified and damages beyond extreme, which is evident by even mere prima facie analysis of the scenario where the People of India have been left only with "Coercively Induced Criminality" of all sorts, which warrants automatic pardon to them all with their environment conductive to such deeds only. The financial crime itself across each and every sector which positively occupies its base in the base of finance, under Public or the Government ownership known as Public Sector Banks. The Banks have all good policies and procedures on paper but seldom practised where ever there is even little possibility of 'no corruption' by the babus of the PSB at the higher ranks or order and are also corrupt, as the public money in the banking system is dealt per their wishes only, who are indulged in draining public money from the banks to their own coffers and probably simian sharing with their protectors or saviours in the relevant Ministries and the Banking Regulator. These Public Servants' Corruption calls for the further corruption of sorts in the same Public banking system as observing the easy success and enjoyment by the Corrupt babus, others in the same system are also lured to perform corruption, thereby also contaminating them including the private and co-operative banking sectors and so on, and the sole suffers are "The People" of India. With deprivation and regression of Humanity in India, the scenario thus created by the corrupt bank babus, Indian people are put to utter shame and defame, before and among all global populace and humanity thereby also diminishing state value of the Union of India among the global states community. One of the repercussions is no seat in UN Security Council, hard to get into Nuclear Suppliers Group yet, and uncountable. Under this scenario as also discussed above the environment thus created is conductive to evils only hence there are bound to be non-sustainable crimes crimes and corruption of sorts. By any stretch of imagination in this non-conductive environment, establishment of good and the evil rule of law is purely impossible, hence as obvious, what remains is only, and only the rule of corruption. Like, in a hazardous gas chamber, expectation from a human to inhale only pure air is totally foul. Similarly, expectation of good from human in the corrupt PSU bank babus contaminated environment is absolutely foul and against all humanity. Yet, the laws cannot be bent fro The People who are from all walks of life to prevent them from prosecution in case they commit crimes and further corruption in order to exercise their Right to Life and Liberty. Now, speculation by any sound human brain thinks of any solution it is only purification of this contamination, which calls forth nothing else but prosecution of the corrupt elements in the Financial or Money Banks in the Public sector in India, positively. Now, as we see that as a river bed can never be emptied despite all river water consistently falling in the sea, draining all water away. The only mode possible to empty the river bed is to plug its water source. Once the source is plugged, the river bed is bound to get vacated. Similarly, the source of all subsidiary crimes and corruption is required to be annuled. The source as evident very clearly is Corrupt PSU Bank babus who make pro quo lending and create regular NPAs for the nation, to be eventually bailed out from the National Wealth or the Public/ Taxpayers' Money who pay all direct and indirect taxes. Thus the funds for all genuine necessities fall short thereby creating deprivation of people from all basic human needs, so that they are left with nothing but to suicide or to commit crimes and corruption only in their lives. Thus, money worth or GDP created by "The People" of India goes into the coffers of the corrupt PSU Bank babus and the shortfall is bailed out by the public money iterative and re-iteratively till eternity, and the humanity keeps suffering in pain and agony, till etrnity, with every now and then upcoming NPAs and their inevitable baiouts from the Public Money. This way, with more than 1/7th of the officialy declared global populace bearing the title "Begging Bowl of the World" and despite this "Begging Bowl" question appearing in the top Public Services Examinations, yet the same situation, all attributable to the selective corrupt Public Servants in the Public Sector Banks. The cause is not being worked out hence desired effect to bring evils to sustainable level is never possible. The cause is solely Corrupt PSU bank babus' corruption. It is also significant to note that RBI, the Indian Banking Regulators' corrupt elements are able to defraud the Hon'ble Supreme Court using the shied of their matte being technical financial and banking matter, whereas the fact is that the things required to make wise decisions to establish the rule of law understanding the rules of Economics and the covert and pragmatic rules of Bank babus corruption are very easy and can be presented and imbibed as easily as uttering and understanding 1 - 2 - 3. Now, understanding the fact and bringing it to the light before the brilliant Hon'ble Jury, subsequently, to be exposed to the Indian and mass, with extreme faith in the Rule of Law and the Indian Constitution this petition, in the public interest needs to be taken cognizance of , else humanity will be bound to lead sub-standard lives, perhaps equivalent to savage beasts, with no legal and human rights, as they under seize by encroachment thereof by anti-law and anti-human elements and their evolved factors. It, now only vests on the brilliance of the Hon'ble High Court/ Supreme Court to take cognizance and protect the humanity regressing or in other words progressing in adversity, rather than even staying at neutral, or making any favourable progress at all, despite in India, otherwise all conductive environment acting or available which is evident by the high population sustenance in this comparatively little land and despite all "positive checks" or "natural checks" of population control, or evils of crime and corruption, including much disturbed bio-diversity (which again itself is attributable to Bank babu corruption). We know that the easiest modus operandi, the corrupt elements resort to is ignorance of the people from facts and laws, rights and legitimacy and with psychological influence dupe them by creating their reliable persona and making myths and rumours floating across the entire populace by and large. Hence it becomes natural duty of the intellectuals to prevent humanity from such evil elements and bring the facts to light for which the following instances and evidences are being presented in concise:- more  
Many start up companies lack innovative ideas and modeled on borrowed ideas. That is the reason they lack funding and fail in the end. Please many starts in US flourished because of novel ideas and innovative thinking. You can not survive on cheap ideas and models and then expect the Government will bail out. more  
Recently a friend of mine went to China, he asked for something and was surprised that it was expensive. So he said " In India the same thing is much cheaper" The shop keeper said, "Oh no. not the same thing. We import trash plastic from other countries and produce products for India and Africa with that. We do not buy those cheap things" We need to rethink, redesign and produce good quality products in India. That will be a good start. And those startups should get help from the government. Naturally the bureaucrats will try to blow most of the budget on their travels, meetings, and hotel stay. We need to cut them off. They have produced nothing useful in their lives and should not poke their useless nose in invention, innovation and entrepreneurship. Jai Hind! Now back to the topic. No need to worry too much about evaluation of startups and dot com companies. Amazon stock price fell from $86 to below $6 in 2 years (1999-2001), i.e. 1/14 th of the peak. Many so-called experts predicted that it will disappear. But it had a good business model, it not only survived, the stock price is $750 now, and the market cap $350Billion. Flipkart may go up also. Govt. should fund and help startups that design and produce something useful for India "Make in India for India first." We have hundreds of real problems to solve. just shouting online online and digital digital is not really adding any real value. As an example, every Indian is buying smartphones worth Rs 4,000-50,000. How many of them are produced in India? where is the money going? China, South Korea, Taiwan, and partly to USA. Is making smartphone so hard that we cannot make it. I was so happy to hear Macromaxx or some company will make it in India, Alas... I heard India's Answer to i-Pad "Akash", well I do see a few being advertised on Naaptol. I hear even the Hindware toilets are contract manufactured in China. Let's change all that. Make startups within every engineering college and every school, use the existing facilities and talent and make great products. Jai Hind! more  
WRONGLY OR RIGHTLY DELIBERATELY OR UNKNOWINGLY THE GENTLEMAN CLAIMING TO BE THE PRADHAN CHOWKIDAR OR PRADHAN SEWAK OF SONS & DAUGHTERS OF INDIA HAS MADE EVERY BODY A BEGGAR DEMANDING IN UNPLEASANT LANGUAGE HIS OWN MONEY LYING WITH THE BANKS. AFTER HIS ANNOUNCEMENT OF 08-11-2016 I(A SENIOR CITIZEN AGED 77+) VENTURED OUT OF HOUSE ALONGWITH HIS 77 YEARS SPOUSE IN EVENING OF 10-11-2016 TO SEE HIS PHYSICIAN ABOUT ACUTE BREATHING HEALTH PROBLEM. HAD NO LEGAL TENDER EXCEPT NOTE OF ONE HUNDRED & REACHED THE CLINIC ON RICKSHAW DOC PAID THE RICKSHAW FARE IN SMALL TWO NOTES OF RS 10/- EACH. DOC DID NOT ACCEPT FEES GIVEN IN 500/- NOTE. HE AGREED TO EXTEND CREDIT OF RS. 200/- HIS FEES. AND ALSO GAVE ME 200/- FOR PURCHASING PRESCRIBED MEDICINES AND RICKSHAW FARE FOR GOING BACK BACK HOME IN THE MORNING I WENT TO THE BANK FOR WITHDRAWING MONEY FROM MY ACCOUNT BUT THERE WAS HEAVY RUSH ON THE GATES OF THE BANK & I A SICK PERSON COULD NOT ENTER THE BANK. I RANG UP MY SISTER LIVING 2-3 KMS AWAY TO SEND SOME MONEY IN SMALL DENOMINATION FOR DAILY EXPENSES WHICH SHE DID IN ABOUT AN HOUR I AGAIN TRIED ON 11 & 12 November TO TRANSACT SOME BUSINESS BUT THE CROWDS WERE BECOMING UNRULY & UNMANAGEABLE.& I COULD DO THE NEEDFUL ON 19-11-2016 ( BEING DAY DEDICATED TO SENIOR CITIZEN) I APPROACHED MY BANK FOR EXCHANGE OF NOTES TO THE PERMISSIBLE LIMIT OF 2000/- AS THE Q FOR WITHDRAWAL WAS LONG The counter assistant DOING EXCHANGE WORK AFTER GIVING COPY OF AADHAR TOLD ME THAT ACCORDING TO SYSTEM AVAILABLE IN THE BANK I HAD ALREADY AVAILED CONCESSION & THE GENTLEMAN ASKED ME TO SEE THE MANAGER SEEK ANY CLARIFICATION i SAW THE CHIEF MANAGER SHRI SAYAL OF P.N.B.KRISHNA NAGAR DELHI-51 WHO PATIENTLY LISTENED TOLD ME THAT I MIGHT HAVE DRAWN THE AMOUNT THROUGH AUTHORIZED PERSON & UPON MY EMPHATIC REFUSAL HE ASKED FOR ANOTHER PROOF OF MY IDENTITY & TOLD HIM THAT I WAS THE CUSTOMER OF THE BANK FOR OVER 35 YEARS HOWEVER HE ALLOWED ME TO DRAW IN EXCHANGE RS.2000/- I EMAIL TO THE BANK ABOUT THE DRAWAL OF RS. 2000/- BY SOME ONE AFTER USING ME IDENTITY AND REQUESTED THE MANAGER TO MAKE ENQUIRY ABOUT DRAWAL OF 2000/- BY AN IMPERSONATOR THE BANK STAFF WAS & IS WORKING UNDER STRESS & STRAIN & I HAVE FULL REGARD FOR THE INPUTS, BUT THE EMERGENCY LIKE ATMOSPHERE CREATED BY THE GOVT HAS CONVERTED ENTIRE THE MIDDLE CLASS LOWER MIDDLE CLASS & (APL-BPL) POPULATION ECONOMICAL WEAKER SECTION i.e. WORSE THAN) BEGGER WITH ALMOST NO CASH IN HAND FOR MEETING . BEING AFRAID OF AGITATION OF GOVT STAFF GOVT ALLOWED RS. 10000/- AS CASH ADVANCE, & IGNORING MILLIONS & MILLIONS LIKE ME NO PROVISION HAS BEEN MADE. WEDDINGS HAVE GOT BELATEDLY WITHDRAWAL PERMISSION TO THE EXTENT OF 250000=00 BUT NOTHING HAS BEEN SAID IN ANY OF THE CLARIFICATION ABOUT THE DISPOSAL OF THE DEAD BODIES OF THE PERSONS LIKE ME FOR WHOM NEXT MOMENT IS UNCERTAIN. HOW MY NEXT OF THE KIN WILL DRAW THE MONEY & TO WHAT EXTENT FROM THEY WILL BE ALLOWED TO DRAW AND PAPER WORK TO BE COMPLETED ONLY OLD CURRENCY WILL PURCHASE WOOD AT THE CREMATION GROUND & ACCORDING TO RITUALS AFTER BURNING THE REMAINS HEAVY EXPENSES ARE REQUIRED FOR PERFORMING CONNECTED RITUALS.TILL ABOUT 17 DAYS IN HINDUS & ABOUT 40 DAYS FOR MUSLIMS (IF I AM NOT WRONG) OUR FRIENDS ARE WORRIED ABOUT RATING OF STARTUP LIKE FLIP KART THEY JUST IGNORE THE RATING OF MAN IN THE STREET & THE PERSONS LIKE ME FOR WHOM EVERY MOMENT IS THE LAST MOMENT. IS IT THE J.I.O.PAYTEM OR DIGITAL INDIA WHICH WILL BRING SOME RELIEF TO PERSONS IN URBAN OR RURAL AREAS OR TO THE GENEXT EVEN SHATRUGHAN SINHA BJP MP HAS SAID SOME THING ABOUT OUR PRADHAN SEWAK & WHEN HE HAS NOT BEEN HEARD WHO LISTENS TO THIS MAN READY TO SAY GOOD BYE TO BAHARAT MATA LET OUR YOUTH & START UP THINK ABOUT THE RATING OF THE INDIAN NATIONALS BEFORE VENTURING COMMENT ON THE ECONOMIC SCENARIO. LET THE YOUTH BE NOT SWEPT AWAY BY THE AGGRESSIVE PROPAGANDA CAMPAIGN LAUNCHED BY THE GOVT IN THE PRINT & VISUAL MEDIA. DURING EMERGENCY IMPOSED IN 1975 BY INDIRA G THERE WERE PROTESTS BY ENTIRE YOUNG GENERATION & I ALSO IN DELHI TOOK PART IN THE STREETS OF DELHI IN MY OWN WAY BUT NOW IT IS SEEN THE YOUTH HAS BEEN UNABLE TO RISE & IS JUST SATISFIED WITH HIS PURSUIT OF PHYSICAL NEEDS LET GOT BESTOW THE YOUNGER GENERATIONS WITH SOME WISDOM TO FORESEE HIDDEN AGENDA OF OUR PRADHAN MANTRI WHO PROFESSES TO BE PRADHAN SEWAK & PRADHAN CHOWKIDAR PROMISING CREDIT OF 1500000 (FIFTEEN LACS) WITHIN 100 OF COMING INTO POWER BY BRINGING BACK MONEY STACKED IN FOREIGN BANKS BY INDIAN MONEY LORDS. IN HOT PURSUIT HE VISITED SEVERAL COUNTRIES & CAME BACK EMPTY HANDED & LANDED ON THE INDIAN MIDDLE CLASS BANK ACCOUNTS. LET GOD BESTOWS REASONS ON OUT LEADERS IN THE RULING PARTY &ALSO ON THE OPPOSITION SIDE TO BRING PEACE & TRANQUILITY IN THE MINDS OF SONS/DAUGHTERS OF BHARAT MATA. LET THE WILL OF GOD PREVAIL. L.R.GOGIA EMAIL ID. gogialr39@gmail.com more  
Startup like Flipkart were already overvalued. Due to demonetization every business will be suffering for atleast 6 months. May be more. It all depends how Govt take further co related actions. But it is true that there will be increase in harassment by the authorities. more  
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