Just now in the presence of Union Ministers Sh. JP Nadda, Dr. Jitendra Singh and the senior leaders of Apex Body of Leh Ladakh I finally broke my fast after 26 days. Earlier 65 members of parliament from different political parties had visited or signed letters urging me to break the fast. This was done after long negotiations on various conditions and in view of possible violence in the country. I will explain the conditions in detail in a separate video very soon. Meanwhile I urge you all to stay very vigillant about not allowing violence of any kind anywhere.
BREAKING: Meta, $META, is considering raising "tens of billions of dollars" in a stock offering as it seeks new sources of capital following the launch of Google’s record $85 billion equity raise this week, per FT.
Respected @nsitharaman ji and @FinMinIndia ,
Suggestion 1 of 3 for strengthening India's capital markets:
Long-term capital gains tax on listed equities should be abolished.
A long-term shareholder is not a speculator but a provider of patient risk capital. By investing in and holding businesses, investors help companies expand, create jobs, innovate and contribute to India's economic growth.
India requires enormous amounts of long-term capital to build world class enterprises, infrastructure and global champions. Tax policy should encourage households to move savings from passive assets, including imported stores of value such as gold, into productive businesses that create jobs, generate tax revenues and build national wealth.
The appreciation in a company's value is not created in isolation. During its growth journey, the government already collects corporate tax, GST, income tax from employees, customs duties, stamp duties and numerous other levies. Long-term capital gains are often the final outcome of economic activity that has already generated substantial tax revenues.
Most importantly, tax policy should clearly distinguish between investment and speculation. A long term shareholder is a partner in wealth creation, not merely a participant in market transactions. Tax policy should reward long-term ownership of productive businesses and distinguish it from short-term speculation.
India needs more patient capital, more entrepreneurship and more long term investing. Abolishing long-term capital gains tax on listed equities would be a powerful step in that direction.
Respectfully submitted.
Shooting at malls. Shooting at bars. Shooting at schools. Shooting at rallies. Shooting on tourists. Shooting on diners. Shooting on babies. Shooting even at the President despite all the security. Drugs, Guns, and Crimes everywhere.
And other countries are "Hellhole?" Right.
So, a couple of the boys have been texting me: “Why the hell would Trump drop the Hormuz blockade bomb on a Sunday? It’ll send oil screaming past $120, maybe $130 if the algos really panic. Makes zero sense if you actually want cheaper barrels.”
But it makes perfect sense. Beautiful, even.
See, Tokyo and Hong Kong are already humming by the time the East Coast is still nursing its coffee. Those futures pits—Dow, S&P, the whole equity complex, plus Brent and WTI on the screens—never really sleep. You’ve got fourteen, fifteen hours of runway before the New York bell. Plenty of time for the right hands to lean in: long the indices in Hong Kong, short the crude in Tokyo, riding the fear wave as the blockade tweet lights up every terminal from Singapore to Sydney.
Then, right on cue, before the U.S. opens, comes the pivot. Something about “there’s regime change in Tehran,” “we can do business,” “Talks were Good,” the usual art-of-the-deal baloney. Markets whip around like they’ve been Tasered. Oil gives back the spike, stocks rip higher. The boys in Asia unwind clean, pocket the spread.
A few hundred million, maybe more, conjured out of thin air on the back of one perfectly timed Sunday morning post. Not bad for a morning’s work. The Street’s been running these kinds of games for decades: information, timing, leverage. Just never quite so… presidential!!
Good point.
Trump will let the markets go down through the Asian trading hours , let oil simmer up and then come up with another pivot and markets will rush like lemmings to book stop losses while someone pockets million of $$$ on informed positions taken before the PUMP.
Read this post for a plausible analysis of the coming Trump Pump.