Time and again this comes up. Is it the government's business to be in business?
But a minority stake is still better than the what's happening with our PSUs.
Nice birthday gift by Trump to Elon Musk. Bumper listing expected today of SpaceX.
Won't be surprised that by Monday the situation reverses for broader markets and Trump gives some random reason why Iran broke the peace deal rules.
Earn money? Pay income tax.
Spend money? Pay GST.
Buy fuel? Pay excise duty + VAT.
Buy a car? Pay road tax.
Use highways? Pay tolls.
Buy a house?
Pay stamp duty. Invest in equities? Pay STT.
The consumer is taxed at every stage of economic life.
They are unlikely to reverse LTCG/STCG changes, especially during a volatile macro environment like the current one.
A rollback now would effectively signal that the previous policy move was a mistake, opening the door for criticism around sustained FII outflows and rupee weakness.
More importantly, such reversals hurt policy credibility.
Stability and predictability matter as much as the tax rate itself for long-term capital allocation.
Diesel price differential in Bengaluru is ~33% between private and PSU fuel retailers.
No business can absorb such a sharp increase in core input cost without going into losses or passing it on to consumers through higher prices which in turn leads to demand slowdown.
Source - @NDTVProfitIndia@Shell_India
@Iamsamirarora By keeping the prices lower they are able to attract the voters. Raising prices in a linear manner may ease the wallet of the economy but not our politicans.
Rather than cutting corporate tax in hopes of CAPEX, the tax cuts should be towards towards personal income tax, which would in turn result in consumption increase, credit growth, demand creation etc.