@RShivshankar I really don't understand why we should interact with the police personally during verification. All these docs and records could be checked from their end. This process is only encouraging corruption, nothing else. Govt must think about a change in this process.
Govt must wake up. 🙏
If investors already pay STT, why add LTCG on top?
Transaction tax + capital gains tax = double taxation of market activity.
Lower STCG. Remove LTCG.
Retail participation is growing through SIPs.
Millions are working hard, saving and investing for their future.
But what if the market keeps falling?
We need policies that support retail investors through the cycle, not just tax them.
Time for a more investor friendly regime.
One of the biggest problems of middle-class and poor people in India is that a large chunk of the population is waiting for a miracle.
Someone is fasting for 7 days, someone is fasting for 9 days, someone is praying every morning. Someone believes Allah will make things better, someone believes God will make things better.
No job? Pray. Business not working? Pray. Marriage not happening? Pray. Money problems? Pray. Life going nowhere? Pray harder.
And that’s why every few months, some new baba is born in this country. Some are 10 years old, some 20, some 30. They claim to be God, have special powers or have a direct connection with God 🤦♂️
And more importantly, people actually believe them. They donate money, chadars, iPhones, gold, whatever they are asked for.
And do you know, because of that, it makes you lethargic. You don’t want to find a solution to the problem. Instead, you are waiting for some invisible power to solve your problem.
No miracle is going to happen. Stop believing in all this. Start working. You are the only miracle your life needs.
Otherwise, you will remain poor.
@InvestorOfJAMMU General Caste (Unreserved) Voter: ~30%.
As per SEBI data approximately 9% to 9.5% of Indian households or individuals participate directly or indirectly in the stock markets. Hope you got your answer!
@connectgurmeet Politician got the magic formula of winning the elections, i.e. Freebees. Formal income taxpayers make up a very small fraction (~2%–3% of adults), while stock market participants make up just ~9% of the population. We can scream like hell, but nothing's going to change. 😦
@KiranjitDas86 Ahaa...I went short at the same time. Why can't we just transfer the lots between us... yeh NSE/BSE ko side me rakh dijiye, STT bach jayega...Big problem solved 😉