On 1 September, PM Modi celebrated 7.8% GDP growth. From that day to 23 October, FIIs sold a net ₹95,479 crore in Indian equities.
On 22 October, at the NDTV Summit, we heard the growth story again. And while reminding citizens about tax relief: “Jo mila woh hajam.”
Apparently, keeping more of our own earnings now comes with a duty to applaud.
We pay tax when we earn, GST when we spend, and capital gains tax on taxable investment profits. Yet when some relief comes, we’re reminded to be grateful.
That money was earned by citizens. A tax concession is a policy decision, not a personal favour.
If paying taxes is our duty, isn’t responsible taxation yours?
GDP growth alone doesn’t determine investment flows. But if the government wants credit for the headline, shouldn’t it also answer questions about the disconnect? Taxes, valuations and company earnings deserve as much attention as the applause.
Why does foreign buying validate your leadership, while foreign selling is explained away as “global factors”?
@_anujsinghal Is capital markets thrive on tax cuts? Come on,folks.
Ideally, smart investors should gain from stocks and pay taxes. Markets are on sell off mode because of various factors including allegedly fudged data releases.
Presently, no one looks smart. Even, the age old smarter one's!
@BaluGorade Only less than 5% Indians invest in equities. That's why we have not created any financial meltdown for the world.
Why there is no IPO from Zerodha? Mr.Nikkil Kammath will say that he don't need capital. But he needs others to raise capital and trade through his platform.
@ipo_mantra What happenedcto NSE IPO which was a duo play with BSE? A few got lucky exit.
Jio and Airtel which is also a duo play. Just wait for the markets to decide the fate.