Archit Choudhary

[Archit Choudhary @Archit_ac]

@indiacharts Is the bottom here now?

[Tavleen Singh @tavleen_singh]

Excellent reportage in the Indian Express today. Corruption in two sacred Hindu cities. First Ayodhya and now Ujjain.

[Archit Choudhary @Archit_ac]

@Prakashplutus Will money shift to India ? Or gold/silver ?

[Archit Choudhary @Archit_ac]

@Prakashplutus So are we expecting nifty to touch 22200 again then?

[Dr. Ganesh Kumar Ammannaya @DAmmannaya]

Can you please convey to @FinMinIndia about the pressing need to do away with the LTCG Tax, which can open flood gates of Investments & make the Indian Markets great again like in NDA-2.

NDA-3 started only with LTCG Tax hike 10 to 12.5%, STCG Tax hike 15 to 20%.

Since then NIFTY is down 8% in 2 years, while whole world including countries with questionable economies including some of our neighbouring countries are enjoying Bull Markets.

Not to mention the non stop Rupee slide with FII mass exodus.

Kindly represent the Indian Investment community that has only 1 request from the Govt.

[Muthukrishnan Dhandapani @dmuthuk]

Then why such a big fuss was made when rupee went to 60? Different yardsticks for different people?

Almost every celebrity in India commented or was asked to comment how horrible that was for the economy.

[Anand Ranganathan @ARanganathan72]

Starting tomorrow, Supreme court of India is on a six-week summer vacation and will be operating at just 19% of its capacity. There are 53 million cases pending in Indian courts - 93,143 of them are pending in the Supreme Court.

A judge can go on a vacation, a judiciary cannot.

[Saketh R @saketh1998]

FIIs sold nearly the same as the last two years in just the first 5 months.

~₹3 lakh crore sold in Indian equities already, compared to ~₹10 lakh crore over the last 2.5 years.

New record by the FM and her policies

[RiseOfBurnol🇮🇳 @RiseofBurnol]

20000 crore massive sell off by FII

Indian markets under pressure again

No relief on any LTCG and STT yet

Forget about relief, not even any policy shift signals from @FinMinIndia

With such brutal sell off and investors losing interest in Indian markets, if I was FM, I would've not slept tonight and plan immediate relief!!

[Mohit Jain @JainYoungster]

One lady @nsitharaman destroyer of Indian equity market, single handily at time when global cues are positive

A good round of applause for her 👏🏻👏🏻

#Nifty #Banknifty

[Gurmeet Chadha @connectgurmeet]

Today it’s MSCI rebalancing
Yesterday was crude
Last week :we r Anti AI trade
Last month : Iran conflict
Last year : 50% tariffs by US

Truth is FIIs have given up on us due to excessive n unpredictable taxation.This is when entire globe (AI & non AI) has got FDI & FPI flows.

[Investing @ Prakash @Prakashplutus]

Said this 100 times , finally some coverage .

Lets see ..

[Zafar Shaikh @InvesysCapital]

Most of the new generation of investors won't know when LTCG was abolished in 2004 STT was brought in lieu of LTCG

Now we have STT & LTCG both with LTCG rates raised from 10% to 12.5%

2004 capital market reform was one of the factors that unleashed animal spirits in Indian markets & brought both FPI & FDI capital

Now we have capital markets being silently throttled with taxation policy

[Save Invest Repeat 📈 @InvestRepeat]

Vijay Kedia Sir’s 3 suggestions to Indian Govt (@nsitharaman) for strengthening stock market:

✅ Abolish LTCG on listed equity.

✅ Remove double taxation on dividend income.

✅ Abolish STT.

[Vijay Kedia @VijayKedia1]

Respected @nsitharaman ji and @FinMinIndia ,

Suggestion 1 of 3 for strengthening India's capital markets:
Long-term capital gains tax on listed equities should be abolished.

A long-term shareholder is not a speculator but a provider of patient risk capital. By investing in and holding businesses, investors help companies expand, create jobs, innovate and contribute to India's economic growth.

India requires enormous amounts of long-term capital to build world class enterprises, infrastructure and global champions. Tax policy should encourage households to move savings from passive assets, including imported stores of value such as gold, into productive businesses that create jobs, generate tax revenues and build national wealth.

The appreciation in a company's value is not created in isolation. During its growth journey, the government already collects corporate tax, GST, income tax from employees, customs duties, stamp duties and numerous other levies. Long-term capital gains are often the final outcome of economic activity that has already generated substantial tax revenues.

Most importantly, tax policy should clearly distinguish between investment and speculation. A long term shareholder is a partner in wealth creation, not merely a participant in market transactions. Tax policy should reward long-term ownership of productive businesses and distinguish it from short-term speculation.

India needs more patient capital, more entrepreneurship and more long term investing. Abolishing long-term capital gains tax on listed equities would be a powerful step in that direction.

Respectfully submitted.

[Archit Choudhary @Archit_ac]

@iManasArora Will this recover ?