
Harsh Goenka reacts to viral claim of Mumbai auto driver earning Rs 8 lakh monthly
Who needs an MBA when you've got a sharp eye, the right spot, and a dash of Indian jugaad?It's not every day that a local auto driver gets the internet talking and the attention of a billionaire. But a recent post by Bengaluru entrepreneur Rahul Rupani has done just that. The VenueMonk co-founder claimed that a Mumbai auto driver named Ashok is earning anywhere between Rs 5 to Rs 8 lakh a month. The business model? Holding bags for people visiting the US Consulate in Mumbai.advertisementSharing the anecdote in a now-viral post on LinkedIn, Rupani said he was left clueless when security at the consulate denied him entry with his bag and gave no suggestions on what to do.
As he stood on the footpath wondering what next, a rickshaw driver waved at him, offering to keep the bag 'safely' for a Rs 1,000 fee. With no other option in sight, he agreed, only to realise he had just stumbled upon a hyperlocal hustle that was far from ordinary.'A Mumbai rickshaw driver saw long visa queues at US consulate- the no-phone, no-bag rule- and had a genius idea,' wrote Harsh Goenka, the RPG Group chairman, quoting the post on X.He added, 'He started charging Rs 1,000 to hold people's bags outside the US Consulate. Today, Ashok earns 8 lakh a month just by offering 'bag-holding' service.'advertisement'No app. No MBA. Just pure Indian jugaad,' Goenka said as he concluded his post. He applauded the driver's street-smart instinct that turned a problem into a profitable business.Take a look at the post here: However, not everyone seemed impressed. While several users found the story inspiring, others questioned the legality and safety of the operation. 'There's a locker facility inside the consulate,' claimed one user. Another raised a valid concern: 'You're trusting your valuables with a rickshaw driver on the footpath?'There were also suggestions about expanding the idea. Some joked about turning it into a lounge-like van service, while others saw it as a business opportunity waiting to scale.See the comments here: IndiaToday.in could not independently verify the claims made in the original post, but it has certainly sparked a conversation about opportunity, trust, and jugaad-driven enterprise.Whether or not the numbers add up, auto driver Ashok's story stands as an example that innovation doesn't always need a formal education or a startup pitch, sometimes, all it takes is the ability to see a gap and fill it.Trending Reel

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
an hour ago
- Business Standard
Net direct tax collection drops by 1.39% to Rs 4.58 trillion so far in FY26
Net direct tax collections till June 19 in the financial year 2025-26 (FY26) dipped by 1.39 per cent year-on-year to Rs 4.58 trillion, due to higher refunds, income tax relaxation provided to salaried individuals and the impact of increased capital expenditure by companies. Of this, non-corporate tax - which includes taxes paid by individuals, Hindu Undivided Families, firms, bodies of individuals, associations of persons, local authorities, and artificial juridical person - grew marginally by 0.71 per cent on yearly basis to Rs 2.72 trillion during the same period. Net corporate tax during the same period declined by 5.13 per cent to Rs 1.72 trillion, while securities transactions tax (STT) increased by 12.13 per cent to Rs 13,013 crore, according to the data. According to Samir Kanabar, tax partner with EY, the marginal dip in net tax collections is majorly due to tax relaxation given to salaried class in the Union Budget 2025. 'Since individuals are paying less tax, the government is receiving lower Tax Deducted at Source (TDS) from salaries. On the corporate side, the fall in tax collection is partly because companies are getting large refunds and also because many of them have made big Capex investments," said Kanabar. "When businesses spend on setting up factories, buying machinery, or expanding operations, they get tax deductions under the Income Tax Act, which reduces their taxable income and ultimately lowers the Corporate Income Tax they pay,' he added. Gross direct tax collections increased by 4.86 per cent year-on-year to Rs 5.45 trillion, while refunds rose significantly by 58.04 per cent to Rs 86,385 crore during the same period. Of the total refund, major chunk comprised of corporate refunds totalling Rs 76,832.08 crore which grew by 67.31 per cent. According to experts, this refund relates to past years which may have been cleared now. Of the total gross direct tax, corporate tax amounted to Rs 2.49 trillion, non-corporate tax contributed Rs 2.82 trillion , STT totalled Rs 13,013 crore and other taxes stood at Rs 259.61 crore. "The growth in corporate tax collections appears to be broadly in line with expected profit growth. In the case of non-corporates, collections may have been impacted by lower bonus payouts and modest salary increments. As for refunds, these likely pertain to previous assessment years and may simply reflect bunching of processing activity towards the end of the first quarter," said Madan Sabnavis, chief economist at Bank of Baroda. Meanwhile, advance tax collections registered a moderate growth of 3.87 per cent in the first quarter of FY26. This is in comparison to last year's year-on-year growth of 27.34 per cent. Advance tax is paid by individuals and businesses in four installments within specific dues dates - June 15, September 15, December 15 and March 15. The non-corporate advance tax decreased by 2.68 per cent on year to Rs 33,928.32 crore till June 19, in FY26, while corporate advance tax rose by 5.86 per cent to Rs 1.21 trillion during the same period. The Centre is estimated to collect Rs 25.2 trillion as direct taxes in FY26. Net direct tax collection in FY25 grew at 13.57 per cent to Rs 22.26 trillion, exceeding the initial budgeted target of Rs 22.07 trillion.


Indian Express
an hour ago
- Indian Express
Delhi govt mulls bringing back private liquor vends under new excise policy
Private players could make a comeback in Delhi's liquor shops. The Delhi BJP government, which is preparing a new excise policy, is considering reintroducing private liquor shops in the Capital — just as it was in the old excise regime before 2021. The government plans to implement the new policy by July 1 with an aim to increase revenue, curb corruption and bring transparency. According to sources, the government is likely to provide licences to private players to provide a good walk-in experience for customers. 'About 100-150 private liquor shops, mostly in malls and other premium locations, are being considered. The numbers will be finalised once the policy is ready. The modalities of how to issue the licence, whether through an e-auction or e-lottery, are currently being discussed. A meeting of a high-level committee set up to prepare the policy, which is headed by the Chief Secretary, was also held on Friday. Issues such as the number of shops, licensing, etc, were discussed,' sources said. Under the pre-2021 policy, both government and private liquor shops operated in Delhi. In November 2021, the government — the AAP was in power at the time — had exited the liquor business and handed things over to private vendors, with an aim to cut down corruption. The policy soon ran into controversy and investigations by multiple agencies like the Enforcement Directorate and the Central Bureau of Investigation. In 2022, the government scrapped this policy and brought back the old excise regime — but only liquor shops run by government corporations were allowed to operate. Almost all top AAP — including former chief minister Arvind Kejriwal, AAP Rajya Sabha MP Sanjay Singh, and former deputy chief minister Manish Sisodia — were jailed in the case. Currently, a major issue facing Delhi is the unavailability of popular and good quality brands of whisky, beer, vodka, gin, and several others. 'Some popular brands are not in Delhi as their parent company was blacklisted from selling liquor in the national capital following complaints of irregularities and court cases during the implementation of the now-scrapped liquor policy… Less popular brands have entered the scene, which has pushed customers to neighbouring states… The government is planning to increase the availability of popular brands and is likely to reintroduce some that are currently not available in Delhi shops…,' said sources. Popular choices like Chivas Regal, Blenders Pride and Royal Stag, part of the Pernod Ricard brand, are not available in Delhi. Pernod Ricard India's application for an L-1 licence was rejected earlier. Benoy Babu, a regional manager at PRI, was a witness in the CBI's excise case. Babu was eventually arrested by the ED. Meanwhile, discussions on rationalising brand licence fees and retail margins are also underway, said sources, adding that excise duty and retail licensing are also likely to be increased under the new policy. 'The retail margin cap is Rs 50 for Indian-Made Foreign Liquor and Rs 100 for foreign liquor. This is on a per-bottle basis. Government-run shops have monopolised the retail business by pushing less popular brands at the range of Rs 400 to Rs 600, instead of stocking premium brands. Also, cheaper brands sell fast… Thus, discussions are on to rationalise these margins to increase revenue as well as make premium brands available for customers,' said sources. Industry sources said private retailers have started searching for properties in the city to set up shop. Currently, there are over 700 liquor shops in Delhi run by the four government corporations — Delhi Tourism and Transportation Development Corporation, Delhi State Industrial and Infrastructure Development Corporation, Delhi Consumer's Cooperative Whole-sale Store and Delhi State Civil Supplies Corporation. The Excise Department has asked the four corporations to carry out document validation online by June 30. Last week, Chief Minister Rekha Gupta said several reforms will be incorporated into the new policy, including scientific testing of liquor quality, digitisation of the sale system, curbing illegal sales, and ensuring transparency in the licensing process. The high-level committee is also studying policies implemented in Delhi earlier and those in neighbouring states.


Time of India
an hour ago
- Time of India
Refunds, advance tax dip: Net direct mop-up down 1.4% to Rs 4.6 lakh crore
Representative Image NEW DELHI: Gross direct tax collections rose less than 5% to Rs 5,45,207 crore during the fiscal year up to June 19. The first of the four instalments of advance tax receipts increased at a muted 3.9%, raising fears of a sharp slowdown in the growth in corporate profits during the June quarter. On a net basis, direct tax collections were 1.4% lower at a little under Rs 4.6 lakh crore, but that was on account of a 58% jump in refunds, which added up to Rs 58,385 crore. The spike in refunds comes amidst finance minister Nirmala Sitharaman's clear missive to ensure that officials don't sit on refunds, a message she delivered to the indirect tax brass on Friday and which is likely to be reiterated to top income tax officials in the coming week. Typically, advance tax payments are seen as a barometer of corporate health with some individuals also required to pay. The changes in personal tax may have played a part too. "The revised tax slabs and reduced personal tax rates that came into effect from April 1, 2025, have provided relief to salaried individuals, and this is naturally reflected in lower TDS collections. On the corporate front, we're seeing the impact of increased capital expenditure by businesses. As companies invest in expansion and infrastructure, they benefit from higher depreciation claims, which temporarily lower taxable profits. This is a healthy sign of forward-looking investment behaviour," said Samir Kanabar, tax partner at consulting firm EY India. In recent months, industrial output has seen a slowdown although GST numbers have been steady. "Tax collections for recent quarter, while subdued, put spotlight on emerging macro trends posing challenges to earning growth for corporates andd non-corporates taxpayers for the financial year. Also, as many elements of current geopolitical scenario play out over next few months, impact of the developments would come to bear on the forecast for rest of year too," said Sumit Singhania, a partner at Deloitte India. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now