Money-making magic

Government companies are like the government's piggy banks. They tossed in some cash a while back, and now it's grown into a financial Godzilla over the years. Whenever the government finds itself in a pinch, it simply sells a piece of the pie. Cue the current spectacle with Coal India! The government plans to offload a measly 3 per cent stake for a mind-boggling Rs 4,200 crore! Talk about the magic of compounding. It's like they took a crash course in money-making from the government folks. And that's not all! The government also gets a sweet bonus every year in the form of dividends. The amount of moolah they rake in from selling shares and pocketing dividends could easily put the market cap of several companies to shame. So, here's the golden lesson: invest now, and sit back to reap the rewards later. Who would've thought we'd be taking financial tips from the government of all people? Hats off to their money-making prowess! We aren't against taxes or anything but when you see that you have to pay 10 per cent of your gains as t

This article was originally published on June 02, 2023.