The statement was not needed to begin with. In case you don't know. A government is responsible to build:-
1) Enough strategic reserves of energy
2) Enough forex reserves
3) Enough confidence for investors to invest
4) Stable currency by revamping sectors like Tourism and Export
5) Let media run independently so that people's trust stays intact.
At this point, people should stop consuming mainstream media, especially yours'
The media is not free, it is basically a messenger.
Hence, it will spread stupidity to control the narrative. And, eventually support petrol/diesel price hike.
+300 Member of Parliament means:-
1) More corruption
2) More taxes
3) More traffic jams
4) Spread of more VIP culture
5) Rise of more of their MP gang members traveling in Thars (Tharorists 😂)
Rise of MP population is inversely proportional to your quality of life.
Anyone who wants to do good in life, pls read the book - The Almanack of Naval Ravikant. You can't find a better guide for wealth and happiness. Trust me. Book is worth Rs 250-300. Probably the best investment you can do in your life. Of course, you would need to invest time in reading and applying the learning in your life.
In case, you want to read the free PDF, here is the official link: https://t.co/dyMPyFub2d
Naval Ravikant has made digital version free.
Market is reacting badly to the budget. And, rightly so.
- STT on options & futures up.
- Nothing much in it for stock investors.
- We are going the more conservative way (pushing bond market, banking reforms).
- Prioritizing: fiscal responsibility over growth (investors don't love this)
- Capital will be freed from speculation. And likely to be fed into the real economy via lending (hence, Banking reforms focus)
- Clear move from "financialization" of our economy to real capital flow into the economy via lending; especially in MSME.
Honestly, this is not bad. For FIIs: nothing much. For investors nothing much.
Overall good for the economy.
Negative for investors in the mid-term.
People don't easy get this point.
An economy could be strengthened. But, economy could give negative returns. Example: China.
Will economy really improve? Remains to be seen. Corruption, crony capitalists etc are major issues. A budget cannot address this.
Short-term message is:
If you wish to make money from stock investing, look elsewhere.
When I read too much about geopolitics and macro economics, I feel like withdrawing my entire capital from stock market. But then I remind myself of this quote from late Mr Rakesh Jhunjhunwala. And I find my peace.
“And once the storm is over, you won’t remember how you made it through, how you managed to survive. You won’t even be sure whether the storm is really over. But one thing is certain. When you come out of the storm, you won’t be the same person who walked in.”
― Haruki Murakami
If cinema didn't exist, l would've probably died from every setback and heartbreak in life. It fills the void left by those people who value you only when your identity is associated with a certain profession or status. Cinema's therapeutic effects on me cannot be stated enough.