raghu

[raghu @abhrat]

@narendramodi - to bolster #makeinindia can there be something like a CSR contribution by enterprises which will create a fund which sponsors the manufacturing sector; the enterprises contributing can be made a stakeholders and govern their fund thru a vehicle

[raghu @abhrat]

@Tejasvi_Surya @JPNadda @narendramodi @PMOIndia @IndiaPMJAY @republic @TimesNow How appalling ! Despite so much tagging and requests no help !! So how different is @BJP4India when it comes to having schemes on papers for only ultimate and ulterior goal !

[raghu @abhrat]

@IndiaPMJAY a certain pvt hospital in bangalore is not accepting AYUSH and they have asked us to pay (which has been arranged with difficulty) saying that scheme is only on papers & mere stunt; not sure who is lying here whether the govt or hospital @PMOIndia @Tejasvi_Surya help!

[raghu @abhrat]

@Tejasvi_Surya @JPNadda @narendramodi @PMOIndia @IndiaPMJAY ++ @republic ++@TimesNow

[raghu @abhrat]

@TVMohandasPai @DKShivakumar @rk_misra @kiranshaw @kris_sg @BBMPCOMM @lkatheeq Yes @TVMohandasPai sir, irony is Shivakumar claims or rather invites (I don’t know whom) to witness the development in Karnataka - maybe it’s a Karnataka in a different multiverse

[raghu @abhrat]

@dineshgrao What’s congress’s visionary role here ?

[raghu @abhrat]

@TVMohandasPai @DKShivakumar And wherever they have “filled” it’s even more treacherous- people of karnataka suffer whichever government is at the helm of affairs- shame

[raghu @abhrat]

@BlrCityPolice the new traffic lights-even at 6:30 am it’s on while there is no traffic! Don’t know the rationale of installing them all over but things were moving smooth at 6:30 am & don’t quite understand the logic. Instead money could have been invested in smoothening roads

[raghu @abhrat]

@BlrCityPolice 🙏burning meat near yaarab nagar & it stinks burnt hair (I guess it should be from the goat / sheep’s leg); this is next to the public toilet & one has to close the face for a distance of 100-150 mts; can’t understand why they do it on the road & why is it allowed

[raghu @abhrat]

@INCIndia At least he is not guided by Soros !

[raghu @abhrat]

@INCIndia How much does M Kharge, Gandhi Fam, Deekayshee own - you can add others as well

[Harsh Gupta Madhusudan @harshmadhusudan]

Note: Sharing my personal feedback as a coauthor of a book on derivatives, and as a trader and investor - not in any other professional or fiduciary capacity. With genuine regards for the professionalism of our regulators.

RBI has through a January circular - which has just today been reaffirmed as per reports - said that one cannot trade exchange listed currency derivatives in India without any underlying hedging need starting 5th April. Earlier this was not the case. This product has been after all trading for more than a decade.

As any trader or academic will tell you - to get hedging liquidity you need arbitrageurs and speculators. When an exporter wants to hedge dollars, he will not find an importer necessarily for same expiry and strike etc. That work is done by arbitrage and directional bets whether one likes it or not. Same in commodity or equity markets.

Hence this move will all but destroy the currency derivatives exchange segment which has been carefully nurtured by the government, the very same regulators and our exchanges for 15+ years. It has billions of dollars of turnover. It has brought taxes and jobs back from abroad to India.

Since people will still trade currency derivatives albeit to a lesser extent, the liquidity will go from the exchange to OTC (over the counter, which is actually less regulated and safe), partially from onshore to offshore (something we have been trying to reverse), from the small guy to the big guy (institutions).

If the idea was to protect the small guy - this does the opposite. Retail who were trading this will have their positions which were expiring over coming months become more illiquid. Any law should apply prospectively not retrospectively but traders cannot possibly close all their positions in a couple of days or so because many of the contracts are illiquid and will become even more so now. There is no proper clarity even today. There is real risk of monetary loss or worse for honest retail traders.

If one has taken a policy position to kill the product, one should do it starting from a date when there is no contract available. In the case of currency unlike equities, that is only one year out. One can require exams, net worth requirement or lower limits to trade this going forward as new expiries come in. But if authorised dealers were allowing something - how can it be suddenly made illegal within the trading expiry period? How will positions be settled now which cannot be squared? No formula is fair but the market.

To all but kill a product which is older than a decade does not inspire confidence in policy predictability irrespective of intentions. Moreover with forex reserves at all time highs and currency volatility at all time low, one fails to see even any policy rationale.

Our regulators are very competent and professional. But they are not perfect like any set of human beings. I request @RBI @DasShaktikanta to implement their policy vision a year later without putting in jeopardy those who were following rules.

The false narrative should not solidify that our very competent regulators act without proper consultation. Submitting my personal views humbly on the 90th anniversary of our central bank.

@PMOIndia @narendramodi @nsitharaman @nsitharamanoffc @SEBI_India @sanjeevsanyal

[TIMES NOW @TimesNow]

Smriti Irani Destroys Kejriwal, I.N.D.I.A’s ED Attack | Watch How Union Minister Defended BJP | Watch

#TNSummit2024

[raghu @abhrat]

@MamataOfficial You keep bringing people from across the border and you expect them to be treated at par !! Cos of people like you Bengal has lost its glory

[Smita Prakash @smitaprakash]

Such fabulous news!

[Rajesh Nain 3.0𝕩 / Modi Ka Parivar/મોદી નો પરિવાર @RajeshNain]

If you are hesitant in paying toll then use the old road, the old one is also running.. I don't support Focut class.

Well said, completely agree.

जिसको टोल देते वक्त रोना है, रोएंगे, पर जायेंगे भी उसी रोड पर फर्राटेदार..
ये #MahuaMoitra बनना छोड़ दो। 😂

#RamMandirPranPratishta

[raghu @abhrat]

@prakashraaj Can you please share the source ?