Srikanth Banda

[M9 NEWS @M9News_]

Buchi Babu introduced his direction team… and the number is HUGE !

#Peddi

[Vijay Kedia @VijayKedia1]

Respected @nsitharaman ji and @FinMinIndia,

Suggestion 3 of 3 for strengthening India's capital markets:

Securities Transaction Tax (STT) should be abolished.

STT was introduced as a simplified transaction tax to facilitate easier collection of taxes from capital market transactions. However, over time, it has effectively become an additional layer of taxation alongside other market-related levies.

A simplification measure should not evolve into permanent duplication.

In addition to brokerage, investors already bear multiple statutory and regulatory charges including exchange transaction charges, GST on transaction-related charges, SEBI turnover fees, stamp duty and STT.

Unlike income tax, STT is payable irrespective of whether an investor makes a profit or a loss. The investor pays the tax simply for participating in the market.

Capital markets play a vital role in channeling household savings into productive enterprises, supporting entrepreneurship, generating employment and strengthening India's economic growth. Transaction costs and multiple layers of taxation discourage participation, particularly among long-term retail investors.

India's equity markets have matured significantly since the introduction of STT. The time has come to review its original purpose and reconsider its continued relevance.

Abolishing STT would simplify market taxation, improve capital market efficiency and encourage greater participation in India's growth story.

Respectfully submitted.

[Vijay Kedia @VijayKedia1]

Respected @nsitharaman ji and @FinMinIndia,
Suggestion 2 of 3 for strengthening India's capital markets:

Dividend income on listed equities should not be subjected to double taxation.

A business can raise capital in only two ways: debt or equity.
When a company raises debt, the interest paid to lenders is treated as a business expense and deducted before tax. The lender may then pay tax on the interest received.

However, when a company raises equity capital, dividends are paid out of profits that have already suffered corporate tax. The shareholder is then taxed again on the same stream of income.

More importantly, equity capital bears far greater risk than debt capital. A lender has a contractual right to interest and principal repayment. A shareholder has no such guarantee. Dividends are discretionary, capital is fully at risk, and the shareholder stands last in line if a business fails.

If debt providers receive tax-deductible compensation despite bearing lower risk, there is a strong case for more favourable treatment of equity providers who supply the permanent capital that fuels entrepreneurship, innovation, employment and economic growth.

India needs to encourage long-term risk capital and greater participation in equity markets. Tax policy should reward those who provide patient equity capital to Indian enterprises rather than place them at a relative disadvantage compared to debt capital.

Respectfully submitted.

[Michael Vaughan @MichaelVaughan]

The problem for the rest of the world in White ball cricket is that India have another team that could play and they are equally as good … the Aussies to push them so close was a great effort with so many missing … It’s India’s trophy for me … #ChampionsTrophy2025

[Trendulkar @Trendulkar]

Good to see 2% income tax payers working hard towards the development of Bihar ✊🏼

[BJP4Choutakur @BJP4Choutakur]

@TelanganaCMO
👇
Karnataka’s RTC offers an online payment system, making bus travel convenient and the fares are very affordable. The remarkable part is that the buses even stop to pick up women from the middle of the road, ensuring a more considerate and inclusive service.

[Harsha Bhogle @bhogleharsha]

June 29, 2024! Another date in history

[rajamouli ss @ssrajamouli]

We are THE CHAMPIONS…

Salute to TEAM INDIA… 🇮🇳🙏🏻🙏🏻

[Koushik Mohan @mohan_koushik1]

Don't miss it

[Koushik Mohan @mohan_koushik1]

Investing is also same you just need the mindset

[sahil bhadviya @sahilbhadviya]

Before investment in stock market, a person is only worried about his personal life.
After investment in stock market - Worried about personal life + economic growth, inflation, interest rate, geopolitical tension and the list goes on! 😅

[Akshat Shrivastava @Akshat_World]

If your income is 1 Crore, you will roughly pay 40%+ tax in India.

(Plus indirect taxes)

Next year ---let's say-- you lose your job.
And your income goes to 0.

You will get 0 benefits.
Let me clarify the context:

- You won't send your kids to government schools.
- You won't avail treatment in a public hospital.
- You won't avail free ration.

Therefore there is no (REAL) safety net for people paying taxes in India.

This puts a lot of stress, pressure & a feeling of injustice.

That share your upside.
But, no one will give a shit about your downside.

And, this is what is precisely wrong with our taxation.

[Srikanth Banda @Sreekanth1845]

@SangemVishal @ImRo45 @mipaltan @imVkohli @RCBTweets Hopefully the men's team will win the coming IPL

[Srikanth Banda @Sreekanth1845]

Waiting since childhood for this happen 😅

Congratulations RCB (women) on winning the IPL Trophy

Feeling sad as it ends #eesalacupnamde🏆

[Siddhartha Bhaiya @sidd1307]

SME IPO index is down 5% bcoz most stocks have a limit down of only 5%

[Koushik Mohan @mohan_koushik1]

Good Businesses typically seems to Attract Good Management and Vice versa. Funnily, Good (or Bad) Business and Good (or Bad) Management come as a Combo Deal; Buy One and Get One Free!....

[Akshat Shrivastava @Akshat_World]

There is a very famous story about Two Economists, which goes something like this 👇

Two economists are walking in a forest when they come across a pile of shit.

The first economist says to the other “I’ll pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit.

They continue walking until they come across a second pile of shit.

The second economist turns to the first and says “I’ll pay you $100 to eat that pile of shit.”

The first economist takes the $100 and eats a pile of shit.

Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can't help but feel like we both just ate shit for nothing."

"That's not true", responded the second economist. "We increased the GDP by $200!"

The next time you read: GDP became X, Y, Z, please think of this story. And, ask some sensible questions:

[1] Are people getting better jobs?
[2] Who is getting the additional share of income? (if it is truly increasing)
[3] Is your tax burden going down? (or rising)

[Koushik Mohan @mohan_koushik1]

Why it is important not to surrender a good business during difficult times. Usually good businesses find a way out and bounce back....

[rajamouli ss @ssrajamouli]

Siraj Miyan, Our Tolichowki boy shines at the Asia Cup final with 6 wickets…👌🏽👌🏽👌🏽👏🏻👏🏻👏🏻
And has a big heart, running to long-on to stop the boundary off his own bowling… 🤗🤗🤗