Latest news with #AbhijitChakraborty
Time of India
11 hours ago
- Automotive
- Time of India
You earn Rs 75 LPA and still cry it is not enough in Bengaluru or Gurgaon? Entrepreneur gives a reality check, says I too could have bought a Mercedes
A Delhi-based businessman has triggered a spirited debate across LinkedIn by highlighting a growing trend among well-paid professionals—complaints that even high annual incomes such as Rs 75 lakh fall short of maintaining their lifestyle. His sharply worded commentary questions the logic behind such financial dissatisfaction, especially in cases where excessive borrowing fuels unsustainable standards of living. The Triggering Post: A Wake-Up Call? Abhijit Chakraborty, the entrepreneur behind the viral post, used the platform to express frustration at what he perceived as irresponsible money habits hidden behind a veil of helplessness. His post addressed the numerous narratives floating online—people earning Rs 40 to Rs 75 lakh annually lamenting their inability to survive, citing burdens such as Rs 2 lakh monthly home loan EMIs and Rs 50,000 car EMIs. Rather than sympathize, Chakraborty pointedly questioned why anyone would choose to overextend themselves financially just to uphold a certain lifestyle. While he acknowledged the logic behind property purchases—describing them as rent savings or appreciating investments—he had little patience for large vehicle loans. He found it unreasonable that people justify spending nearly Rs 20 lakh on a car over four years without having secure financial footing. To drive his point home, he rhetorically questioned when owning a premium car became essential for one's identity. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Encontre voos low-cost Voos | Anúncios de Pesquisa Saiba Mais Undo Personal Example to Drive the Point To lend weight to his arguments, Chakraborty shared insights from his own journey. Even when he was earning Rs 30 lakh per annum, he chose to drive a modest Rs 5 lakh car. Upon doubling his salary to Rs 60 lakh, he only then upgraded to a Rs 10 lakh vehicle—still purchased without any loans. His key message was that financial strain is not always about insufficient income but often stems from misguided priorities and impulse-driven purchases. For him, trading peace of mind for the illusion of status made little sense. Divided Reactions on Social Media Chakraborty's post quickly gained traction, drawing a wide spectrum of responses. Some found his tone bordering on boastful. A few commenters implied that the post sounded more like self-praise than genuine advice, particularly pointing out how he subtly slipped in his old salary figures. Others resonated with his critique, agreeing that many professionals fail to distinguish between genuine needs and socially influenced desires. They supported his perspective, noting that a self-imposed lifestyle trap often leads to unnecessary stress. Still, there were contrasting viewpoints. Some argued that in cities like Bengaluru, where infrastructure and housing costs are high, owning a home and a reliable vehicle is no longer a luxury but a necessity. Others added that consumption by such individuals sustains the economy and shouldn't be discouraged outright. A Larger Concern: Credit Culture and Lifestyle Inflation One comment encapsulated a broader issue: the influence of easy loans and social media glamorization of wealth has distorted people's perception of 'enough'. The pressure to constantly upgrade has blurred the line between essential and extravagant. The call was clear—people must begin living mindfully and understand the financial traps they're stepping into. Abhijit Chakraborty, a science graduate from Ramjas College, Delhi University, may have only shared his opinion—but in doing so, he ignited a much-needed conversation on lifestyle choices, ego-driven expenses, and the illusion of wealth in urban India.
Hindustan Times
a day ago
- Business
- Hindustan Times
Delhi entrepreneur slams high earners claiming ₹75 LPA is not enough: 'Makes me so angry'
A Delhi-based entrepreneur has stirred a heated conversation online after sharing a strongly worded LinkedIn post questioning the spending habits of high-earning professionals who claim even salaries as high as ₹75 lakh per annum are not enough to sustain their lifestyle. (Also read: Indian-origin entrepreneur in UAE pledges ₹6 crore to families of medical students killed in Air India crash) Abhijit Chakraborty, the entrepreneur in question, took to LinkedIn to vent his frustration over what he called poor financial decision-making masked as helplessness. He began his post by saying, 'Been reading a lot of posts and articles by educated, high earning people who say 40 LPA, 50 LPA or even 75 LPA is not enough to survive because of 2 lakh home loan EMIs, 50K car loan EMIs, expensive lifestyle, etc etc. It makes me so angry. Who asked you to buy a home you cannot afford?' While Chakraborty expressed some understanding for those investing in property, calling it a 'saving on rent' and a 'positively appreciating asset,' he was less forgiving of the choice to take large car loans. 'How do you explain spending 50K EMI (or about 20 lakhs on the car, assuming a 4 year loan), when you don't have the means?' he asked. 'When did a Creta become so intrinsically linked to your existence?' Sharing his own experience, Chakraborty wrote, 'When I was at 30 LPA, I was still driving a 5 lakh rupee car. At 60 LPA, I decided to upgrade to a 10 lakh rupee car.' He emphasised that he never took a loan to buy his vehicles or property. 'Financial misery is often a result of poor decisions rather than actual constraints,' he said, adding, 'They trade ego for peace of mind. And then they complain 75 LPA is not enough to live in Bangalore or Gurgaon.' Check out the post here: The post drew a range of responses on LinkedIn. One user quipped, 'Trying to figure out if you're giving financial advice or bragging.' Another added, 'I love the way how you steered the narrative about expressing concern to subtly bragging that you earned '30 LPA ages ago'." Others came to his defence, with one noting, 'They don't discriminate between needs and desires,' while another remarked, 'Exactly! You choose your lifestyle and not the other way round.' One user commented, 'Don't discourage them man. These people are the backbone of the consumer economy!' Another pointed out, 'Given the infra and house rent of, say, Bengaluru—owning a good four-wheeler and a house is not a luxury, at all. It's a necessity.' (Also read: Jaipur entrepreneur roasted for mocking doctor over ₹1300 ear wax removal: 'Next time use traditional cleaner') One comment summarised the broader concern: 'Easy credit and social media is only pushing the idea that 'more is better'. Hoping people start understanding the trap they are getting in and start practising conscious living.'
News18
26-05-2025
- Business
- News18
Entrepreneur Says Controversies In Karnataka Over Kannada ‘Terrible PR' For Bengaluru
Last Updated: Delhi-based entrepreneur Abhijit Chakraborty said conversations must not end up "being a culture war". The language debate in Bengaluru has once again sparked a wider conversation and how it's affecting the city's image. A Delhi-based entrepreneur says these recurring debates over Kannada language in India's Silicon Valley are doing 'terrible PR" for the state's capital. Abhijit Chakraborty, founder of Alphanumero Agency & Studio, shared his views on LinkedIn, calling language nothing more than a basic tool for communication. 'Any language, in everyday life, is simply a means to communicate," he wrote, adding that people usually figure out a way to understand each other even when they don't share a common tongue. Citing an example, Chakraborty said that if someone from Chennai is trying to hail an auto in Delhi and that interaction turned into a cultural standoff, he said, 'you'd never reach your destination." Chakraborty also pointed to his time in Delhi, where even after knowing Bengali, Hindi and English, he had to get familiar with Punjabi. 'Because it's everywhere," he said. Even without fluency, he picked up enough to understand conversations and respond in his own way and was helped in part by his interest in Sikh history. The same, he argued, applies to Kannada. People who stay in Bengaluru long enough, and who feel drawn to the language, will naturally learn it. 'Shoving a language down someone's throat never works," he added. His post struck a chord with many. One commenter said she had been married to a Kannadiga for four years but only knows a few Kannada words. Still, she's slowly learning to follow conversations. 'Language should be a bridge, not a battleground," she wrote. 'These culture wars only distract from the real issues." The LinkedIn post comes days after a video from an SBI branch in Bengaluru's Chandapura area showed a bank manager refusing to speak Kannada, insisting: 'This is India, I'll speak Hindi, not Kannada." The video triggered backlash from pro-Kannada activists and politicians. The manager was later transferred, and both he and the bank issued apologies. Language advocates say learning Kannada is a matter of respect. Critics argue it's not that simpl, especially in a city as diverse and cosmopolitan as Bengaluru. First Published: May 26, 2025, 19:57 IST
NDTV
26-05-2025
- Business
- NDTV
"Terrible PR For Bengaluru": Delhi Entrepreneur On Kannada Language Row
Quick Read Summary is AI generated, newsroom reviewed. A Delhi entrepreneur warned that ongoing language disputes harm Bengaluru's image. He emphasised communication over cultural battles and suggested that language learning should be organic. A Delhi-based entrepreneur expressed concern that recurring incidents over the Kannada language were doing "terrible PR" for Bengaluru. Abhijit Chakraborty, Founder Partner at Alphanumero Agency & Studio, said that people often figured out a "common way to communicate" in situations where they couldn't understand each other, "Any language, in everyday life, is simply a means to communicate," Mr Chakraborty wrote in a LinkedIn post. He gave an example of a person from Chennai trying to book an auto ride in Delhi, suggesting that if conversations ended up "being a culture war", the individual would never reach the desired location. Next, Mr Chakraborty shared his experience of living in the national capital. Despite being fluent in Bengali, Hindi and English, he had to pick a fourth one (Punjabi) to speak with others "because it's everywhere in Delhi," he added. Even though he was not fluent in Punjabi, Mr Chakraborty said he could understand it and try to respond with his "own version of the language." Mr Chakraborty believed that "non-Kannadigas" in Bengaluru would learn the Kannada language if they stayed "long enough", and if they felt "an inclination towards it." He noted that he started speaking Punjabi through random conversations and had a general interest in Sikh history and heritage. "Shoving a language down someone's throat never works," he added. In the comments section of the viral post, multiple people agreed with Mr Chakraborty's suggestion. A woman said she can't speak "more than a couple of words in Kannada," despite being married to a "Kannadiga" for four years. She added that she started picking up the meaning of conversations with time. "Language should be a bridge, not a battleground. These culture wars around language often just distract from the real issues," she added. Another person said the "only way to make another person learn your language is to make it cool." A third user wrote that this "aggressive" imposition of culture in the name of "promoting and safeguarding" shall "never ever" work. Mr Chakraborty's post came days after a manager at the SBI branch in Bengaluru's Chandapura refused to speak with a customer in Kannada, saying, "This is India, I'll speak Hindi, not Kannada." The viral video soon drew sharp criticism from activists of the language and political leaders. Later, the manager was transferred, while both the bank and the person issued apologies. In recent weeks, the advocates for the language suggested people learn it to respect the local culture. However, critics argued such an expectation was exclusionary, especially in a cosmopolitan city.
