Greetings on Chartered Accountants' Day to the entire CA fraternity. They have long been trusted partners in India's economic journey. Through their commitment to transparency and professional excellence, they strengthen our financial systems, support businesses, encourage entrepreneurship and inspire confidence among investors. Their expertise contributes significantly to economic growth and nation-building. As we move towards becoming a Viksit Bharat, their efforts help create an environment where enterprise can flourish and opportunities can expand for all.
FIIs have pulled over ₹2,87,000 Cr from Indian equities in 2026 so far.
Nearly half of that selling has come from a single sector.
At the same time, foreign investors have steadily increased exposure to a handful of others.
Here's what the data reveals. 🧵
US is what it is because of free capitalism policy purely based on merit
China is what it is because of state policy of backing corporates to hilt to get global market share
We flounder at policy level due to incompetent Neta & fail at execution level due to Babu’s
Talent seeks & finds least friction path to fulfill it’s ambitions. We have too many frictions for entrepreneurs to build world class companies. Blaming Infy, TCS for the situation we find ourselves is wrong imo. We don’t have infrastructure & policy that enables cutting edge deep tech , scientific endeavour & frictionless entrepreneurship.
Just like retail investors at the peak of the 2024 bull run doubled down thinking the party would last forever…..
Our Finance Minister also got a little too optimistic and decided it was the perfect time to raise capital gains tax
Turns out, that was the top
Retail investors learned their lesson the hard way by losing money…..
Maybe it’s time our FM accepts her mistake and corrects the policy causing FIIs to exit India lock, stock, and barrel
#StockMarket #investing
An incredible 1865 stocks (out of 2689 NSE listed) ~70% of total
are now down 3% or more today
The last time I saw this number in a single day was during the pandemic
Today is very likely a capitulation event
#Smallcap Index adjusted for USD had massive breakout in 2023 after .15 yrs & there is likely breakout retest in current fiasco. We consciously avoided Smallcaps over last 12-18M due to inherent weakness in Smallcaps when mkt bleeds.
But time is coming to again reconsider Smallcaps & Broader market. Those having cash should stagger it out & deploy over next 8-12 weeks
ICAI's Bold Proposal: Optional Joint Taxation for Married Couples 🚨
@theicai has proposed a significant change in the tax framework by introducing optional joint taxation for married couples.
This move aims to provide relief to families with a single primary earner and prevent tax avoidance.
Key Highlights:
- Optional Joint Taxation: Married couples can choose to file taxes jointly or separately.
- Doubled Exemption Limit: The basic exemption limit would be doubled to ₹6 lakh for joint filers.
- Revised Tax Slabs:
- Up to ₹6 lakh: No tax
- ₹6-14 lakh: 5% tax
- ₹14-20 lakh: 10% tax
- ₹20-24 lakh: 15% tax
- ₹24-30 lakh: 20% tax
- Above ₹30 lakh: 30% tax
Benefits:
- Reduced Tax Liability: Joint taxation can lead to lower tax liability for families, especially single-income households.
- Increased Compliance: Simplified tax filing and reduced tax burden may encourage more families to comply with tax laws.
- Family-Friendly: The proposal recognizes the financial responsibilities of married couples and provides relief to families.
Implementation:
- Changes in Tax Framework: The proposal would require significant changes to the current income tax framework, including updates to deductions, exemptions, and surcharges.
- Global Precedents: Many countries, including the US and UK, allow joint taxation, which can provide relief to families.
Yesterday I was having discussion with my younger brother. He just completed his MBBS and is preparing for further entrance. I asked him about his preparations and his further plans. He told me that he is worried about getting the admission as the seats for open category is less. He said ‘Didi CA mein sabse best part you had that there is no reservation, you work hard you clear’
After this conversation I was really blank
FROM LIVE MINT
US–INDIA TRADE DEAL IMMINENT WITH MASSIVE TARIFF CUTS & RUSSIAN OIL CLAUSE — MINT
•The US is likely to announce a trade deal with India “soon,” according to Mint.
•The agreement is expected to slash tariffs from 50% to roughly 15% on select goods.
•In return, India is expected to scale back its imports of Russian oil, aligning more closely with U.S. strategic interests.
Silver jumped almost 3% today, closing above $45, as Bitcoin tanked over 3.5%, breaking below $109,000. I always thought it would be gold that pricked the Bitcoin bubble. It looks like it may be silver.
Only foolish people on #SocialMedia see the #H1B issue as some sort of silver lining for India
There is no silver lining
There is no growth in the Indian Outsourcing companies i.e. no jobs in India
Most Hi Tech developments are happening in the USA or China
In India political parties are still fighting on increasing reservations more and more & overall job growth is muted
Nationalistic tweets to get likes are banal