One excellent suggestion Navneet Munot sir made while discussing Incredible India mission
- identify top 500 Indians outside India in AI and tech, medicine, space ,energy and reach out to them to come back n *build in India*
- create a smart township where they can stay together
- as they arrive at airport . Handover Pan , adhar , GDT registration n every compliance needed.
- give a tax holiday for 2-3 years to move everything back and build for motherland
- make a team of top ministers and industrialists to identify and get them back to India.
Will be a game changer !!
My weight in the morning empty stomach naked was 67.9kg today. I had the 2450 kcal in the day with 4 meals and 4 liters of water. Now I am fully clothed and my weight is showing 67.5kg in the evening.
Can someone explain why?
โน21,106 crore FII selloff in ONE day. Not because India's earnings fell apart. Because an index rebalanced. MSCI mechanical flows have zero to do with fundamentals. And yet retail interprets it as a signal.
This is exactly why recency bias kills portfolios.
#StockMarket#FII #MSCI
1st day of the month.
Salaries have been credited.
Why don't we see the power of SIPs???
Where is the shock absorbing capacity of retail investors???
Why is the market continously falling ๐ญ๐ญ๐ญ
Dhurandhar logic. Can't stop counterfeit currency from coming in so you announce demonetization & make every Indian suffer. Similarly, can't Stop a few promoters so you impose Tax on everyone including FII's.
LTCG was 0% for years.
Promoters exploited it to their advantage.
These promoters would form a shell company & get it listed. Then, pumps the price from โน10 to โน100. Sell the stock and book โน90 as โlong-term capital gains.โ
Pay zero tax on LTCG.
Black money becomes white. Clean, legal, untraceable.
Thatโs why LTCG went to 10%. Then 12.5%.
Not to hurt retail investors. To plug a laundering loophole that was hiding in plain sight.
We love blaming the government for every tax hike.
This is a problem with how our mindset/DNA works and how we want to extract everything out for ourselves without paying anything back to the government.
The government is corrupt but then, as citizens we too are.
#LTCG
If you have to advise PM for stopping Foreign outflows and make India attractive for Foreign investors (FPIs and FDI), what would be your suggestions??๐
Firstly, when introducing LTCG in 2018 and increasing it in 2024, they didn't ask for suggestions. Now, after making a mess, they are asking for suggestions.
Secondly, what's there to ask? You should just abolish LTCG and see if you can also reduce STCG to 15%.
I am almost 100% sure now that:
- Government will reconsider double taxation of STT & CG. I feel STT will be either removed or lowered substantially.
- Government would abolish LTCG in Equity if held for longer periods of time. I expect LTCG to go back to ZERO if held for more than 2 years.
- Government would retain STCG (this is my view). Maybe back to 15%.
I am confident that FM Madam @nsitharaman ji would be taking suggestions from experts & take actions which would encourage long term patient capital in India !!!
#FI