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Exclusive Interview With Treelife Consulting

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Are you planning to launch your own startup?
Are you worried about legal and regulatory hassles?
Do you need finance and accounting help to kick-start your idea?

Two young entrepreneurs, Jitesh Agarwal and Garima Mitra have a solution for all your woes. They have founded Treelife Consulting, a one-stop shop for all accounting, taxation and regulatory requirements of your business. Let’s find out more about their journey!
Located at a stone’s throw from Gurukripa in Sion, the Treelife office is as warm and welcoming as its founders. We began with the introductions over a cuppa chai –

Jitesh: Till the end of 2014, I was working as a Chartered Accountant with one of the Big 4s and Garima was working as corporate lawyer with a boutique law firm. At the beginning of 2015, I had quit my job, dumped all my plans of doing an MBA and started out on my own. We met our first client on the very first day of 2015 and that’s how Treelife kicked off.
Garima: You know, once you find your first motivation, ten more tend to show up to keep you going.

NewsAurChai: What was the initial phase like?

Jitesh: A couple of good projects came our way, then the word spread and we got some good referrals; slowly we started building our client base and today we have more than 75 clients associated with us. And all of this, without spending a single penny on advertising!
Garima: Initially, we did wonder if we would be able to cater to all the requirements of businesses. But today, we’ve grown into a collaboration of multi-disciplinary services from Lawyers, CA, Finance professionals, etc., all under one roof.

NewsAurChai: Typically, Startups tend to begin on a high note but the interest or the motivation tends to fizzle out at times. Did you go through that too? How did you get past it?

Garima: Starting up is tough. But it’s also very rewarding. There are times when you want to go back to your comfortable, fixed-salaried life. But the tangible results of your hard work motivate you to hang in there and keep persevering. In fact, in times like these I feel a Co-founder is really important, so that on the days you want to give up he/she is there to put you back on the path you belong. Probably why even Venture Capitalists are hesitant to fund a single founder startup.
Jitesh: Yeah, so while your family and friends are always there to support you, a co-founder relates more closely to your struggles and helps you cope with them.

NewsAurChai: And what was your big break, which turned it around for you?

Jitesh: I’d say our big break getting Supari Studios (a leading production house for digital content) and Rentomojo (online marketplace for furniture rentals) on board. Both have featured in the Forbes-Asia’s 2016 list. We help them with their backend requirements.
Garima: Our work is to mould our client’s business around the regulatory regime of the country. Some of our services include, accounting, financial planning and advisory, regulatory advice, drafting of contracts, incorporation of a company, IPR filings, etc. It is a mix of services that a new business requires at an initial stage and others that are needed on an ongoing basis – like tax filings.
Jitesh: We’ve even done a couple of workshops on the basics of starting-up at CII (Confederation of Indian Industry), head-start, Mumbai, Start-up Saturday, etc.

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NewsAurChai: What would you say is your USP?

Jitesh: Our USP is that we understand Start-ups really well. It’s our niche. Since we are ourselves a start-up, and because we have worked closely with a lot of other startups, we understand the problems budding entrepreneurs face and strive to provide customized and practical solutions.
A startup entrepreneur has to start from scratch. S/he has to separately consult various professionals like CA and lawyers and the process becomes expensive and complicated. We genuinely believe that the entrepreneur should fully concentrate on making his idea work and leave the rest of the hassles to us.
Garima: And we are determined to keep the commercial aspect of the business in perspective. From idea stage to funding stage to any operational efficiency – we constantly focus on what we can do that makes commercial sense and helps our clients become more successful.

NewsAurChai: Wow, that’s an incredible story! Before I jump to my last question, can you tell me how you came up with the name ‘Treelife’?

Jitesh: We struggled a lot with the name actually. A tree, to us, represents growth and strong roots, and that’s what you need your company to have too, right?

NewsAurChai: Agreed! Last Question: Any message for budding entrepreneurs?

Jitesh: Don’t keep waiting for the right time, because there is no “right” time. Just start now! Even if you fail, you won’t regret not trying.
Garima: Perseverance pays off. Go for it!

We wish Treelife Consulting all the very best.For more details visit : www.treelife.in
Please do check out Treelife’s Startup guide by clicking here!

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जम्मू-कश्मीर में गैर-कश्मीरी नागरिकों पर आतंकियों का बढता अत्याचार!

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Kashmir | News Aur Chai
जम्मू-कश्मीर में बीते कुछ दिनों से गैर-कश्मीरी नागरीकों पर आतंकी हमलों के मामले सामने आ रहे हैं।

जम्मू-कश्मीर में बीते कुछ दिनों से गैर-कश्मीरी नागरीकों पर आतंकी हमलों के मामले सामने आ रहे हैं। खासतौर से गैर-कश्मीरी मजदूरों को निशाना बनाया जा रहा है। जम्मू-कश्मीर में आतंकियों द्वारा अब तक नौ नागरीकों की हत्या कर दी गई है। 5 अक्टूबर को श्रीनगर में आतंकियो ने वीरेंद्र पासवान की गोली मारकर हत्या कर दी थी। वीरेंद्र पासवान बिहार का रहनेवाला था और पिछले दो वर्षों से श्रीनगर में गोलगप्पे बेचता था। आतंकियों ने 6 अक्टूबर को फार्मेसी मालिक एम.एल बिंदू, स्ट्रीट वेंडर और एक टैक्सी ड्राइवर की हत्या कर दी थी। श्रीनगर के ईदगाह इलाके में आतंकियों ने स्कूल की मुख्य अध्यापिका सुपिंदर कौर और अध्यापक दीपक शर्मा की गोली मारकर हत्या कर दी।

16 अक्टूबर को अरविंद कुमार साह पर आतंकियों द्वारा गोली चलाई गई, उन्हें गंभीर स्थिति में श्रीनगर के SMHS अस्पताल ले जाया गया जहाँ डॉक्टरों ने उन्हें मृत घोषित कर दिया। अरविंद कुमार बिहार के बांका जिले में रहनेवाले थे और श्रीनगर में गोलगप्पे बेचते थे। 16 अक्टूबर की ही शाम को आतंकियों ने पुलवामा में सगीर अहमद नाम के व्यक्ति की गोली मारकर हत्या कर दी। सगीर अहमद उत्तरप्रदेश का रहनेवाला था एवं पेशे से वह एक कार्पेंटर था। 17 अक्टूबर, रविवार को आतंकियों ने दक्षिण कश्मीर के कुलगाम में के तीन मजदूरों को गोली मार दी, जिससे दो मजदूरों की मृत्यु हो गई और एक मजदूर बुरी तरह से घायल हो गया।

कश्मीर के अलग अलग हिस्सों में अनेकों प्रवासी बसे हुए हैं। अधिकतर लोग रोजगार की तलाश में बिहार से कश्मीर आए हुए हैं। लोगों का कहना है कि वे अगले महीने तक अपने घर बिहार जाना चाहते थे मगर दहशतगर्दों के कारण उन्हें काम छोड़कर बीच में ही जाना पढ़ रहा है। लोग डरे हुए हैं कि यदि स्थिति जल्द से जल्द सामान्य नहीं हुई तो उनका रोजगार और बच्चों की पढ़ाई छुट जाएगी।

27 वर्षों से कश्मीर में रह रहे 45 वर्षीय पंकज पासवान का कहना है कि उन्होंने इतने वर्षों में कश्मीर की इससे भी बदतर हालत देखी है। उनका कहना है कि एक के बाद एक हो रही हत्याओं से कश्मीर में दहशत का माहौल बना हुआ है और वे भी इस समय बिहार लौट जाना चाहते हैं। आतंकियों द्वारा निशाना बनाए गए नागरिकों का कहना है कि अनुच्छेद-370 के हटने से और कश्मीर के विकास से आतंकी बौखलाए हुए हैं। इसी वजह से वो लोगों पर हमला कर रहे हैं। नागरिकों का कहना है कि रविवार को हुए आतंकी हमले से पहले उन्हें उम्मीद थी कि हालात सुधर जाएंगे मगर लगातार हो रही हत्याओं से उन्हें भी जान का खतरा बना हुआ है।

पीडीपी अध्यक्षा महबूबा मुफ्ती का कहना है कि, यह घटना निंदनीय है। भोले भाले लोगों को बेवजह मरना और उनका रोज़गार छीनना बेहद दुःख की बात है।

बीजेपी के प्रवक्ता अल्ताफ ठाकुर ने कहा कि यह शत प्रतिशत नरसंहार है, गैर-कश्मीरियों की यह भीषण हत्या बिल्कुल अमानवीय है और यह आतंकियों की बौखलाहट को दर्शाता है।

सीपीआई के नेता मोहम्मद युसूफ तारिगामी का कहना है कि भोले भाले मजदूरों की हत्या एक जघन्य अपराध है, सिर्फ निंदा करना काफी नहीं है, ऐसे समय में सभी को एकजुट होकर इस तरह के अपराध के खिलाफ आवाज उठानी चाहिए और आतंकियों को कड़ी सजा देनी चाहिए।

जम्मू कश्मीर की लेफ्टनेंट गवर्न मनोज सिन्हा ने कहा है की निर्दोषों के खून का बदला इन आतंकियों से लिया जायेगा, कश्मीर की शांति को भंग करने कि कोशिश की जा रही है, लोगों को आगे बढ़ने से रोका जा रहा है, कश्मीर के विकास को रोकने की साजिश हो रही है मगर हम ऐसा नहीं होने देंगे। मनोज सिन्हा ने अपने रेडियो कार्यक्रम ‘आवाम की आवाज’ में कहा “आतंकी हमले में मारे गए के लिए मैं शोक व्यक्त करता हूं, हम सभी लोग आपके साथ हैं और आतंकियों से हार एक हत्या का पूरा बदला लिया जायेगा यह मेरा वादा है”।

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Ram Mandir Opening For “Darshan” In 2023

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Ram Mandir Opening 2023 | News Aur Chai

The Ram Mandir in Ayodhya is expected to allow visitors by December 2023, with the completion of construction only in 2025.

Sources in the Shri Ram Janmabhoomi Teerth Kshetra have revealed that the colossal project of building the Ram Mandir in Ayodhya, Uttar Pradesh, will be opening for devotees towards the end of 2023. In contrast, the project’s entire construction completion is expected towards the end of 2025. The sanctum sanctorum (Garbha Griha), along with the mandir’s first floor, will be ready by December 2023. Devotees will be allowed to visit the long-awaited mandir soon after the construction is completed.

An ANI report said, “The grand Ram Mandir being constructed in Ayodhya will be opened for devotees from December 2023. Sources told ANI that Garbhagriha, all five mandaps and the first floor will be ready by December 2023 and the mandir will be opened for devotees”.

The sanctum sanctorum will be as high as 161 feet and built using Rajasthani marble and stones. Engineers and architects are taking all measures to ensure the longevity of this enormous project. The second stage of construction is expected to begin in December this year. Currently, the structure is at a standstill as a result of monsoons. Another reason for the delay is the coronavirus pandemic that depleted the force with which the mandir’s construction was expected to go on.

The announcement of the mandir being opened to visitors in 2023 has brought up questions about the political agenda. It is believed that the Bharatiya Janata Party (BJP) aims to use the mandir to catapult themselves into a position of advantage during the 2024 Lok Sabha elections. Opening the mandir to devotees in December 2023 will give the BJP an easy 6-month gap to the general elections in 2024.

The opening of the long-awaited Ram Mandir in Ayodhya could be the factor that diverts the public, at least the Hindu’s in favour of BJP. Thus, securing them a vote bank based on religious sentiments upheld by the party in their previous tenure as the ruling party.

The Ram Janmabhoomi Mandir will be 360 feet long, 235 feet wide, and 20 feet high mandir will be completely ready by the end of 2025. The project will include amenities and structures like museums, archives, research centre, Sant Niwas, gau and Yagya shala, Etc. The main attraction is the Ram Mandir.

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Business

How SEBI’s New Margin Rule Is Affecting Retail Traders?

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SEBI Margin Rule | News Aur Chai

Securities and Exchange Board of India has introduced new margin rules for traders. Traders and Brokers are not happy with the new regulations because they will have to invest a large amount of cash in fulfilling margin requirements for trade.

SEBI had introduced the new margin rule in the year 2020 for intraday traders. It is being implemented in a phased manner. Traders were supposed to maintain 25 per cent of the peak margin in the first phase; the margin was raised by 50 per cent in the second phase. In the third phase, as per the new margin rule, intraday traders will have to pay a 100 per cent upfront margin. According to new norms, the margin requirements will be calculated four times during every trading session because the money margin must be greater than the need.

As per the new rule, brokers must collect margin from investors for any purchase or sale, and if they fail to do so, they will have to pay the penalty. Thus, brokers will not receive power of attorney. Brokers cannot use power of attorney for pledging anymore.

Those investors who want to make use of margin will have to create margin pledges separately. As per the new rule, investors will have to pay at least a 30 per cent margin upfront to avail a margin loan. Shares brought today cannot be sold tomorrow. Funds from shares sold today cannot be used for new trades on the same day.

The market experts said that there must be proper adjustments for implementing new rules, or it may create chaos, trouble and disturbance to the market participants. The CEO and founder of Zerodha broking firm, Nithin Kamath tweeted that, “the day when the new rules came into effect was the dreaded day for brokers, exchanges, intraday traders”.

Traders Are Not Happy:

Changes in rules have evoked strong reactions from traders because they will have to invest a large amount of cash in fulfilling margin requirements for trades as per new margin rules. Even the trading in futures and options will become more expensive. Traders are disappointed because they will have to pay up more money to bet in stock markets. As per new margin rules, Traders are also liable for the penalty if the rules are not followed during the trading session. If a trader wants to buy Nifty worth Rs 10 lakh, he will have to pay a 20 per cent margin of around 2 lakh. If the margin of the trader does not meet the need, he will be penalized. Traders will have to pay the minimum amount for opening the Multilateral Trading facility account, and they have to maintain a minor balance at all times.

Why Gas SEBI Introduced A New Margin Rule?

SEBI has introduced new rules to protect retail investors from purchasing difficulty. The intended goal of SEBI behind new margin rules is to bring down the difficult market situation and avoid huge fluctuation in stock markets during extreme stress. The new margin rules are likely to bring transparency to the market; it is expected to strengthen the market’s safety.

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