@thekjgeorge@kptcl_official@RAshokaBJP@CMofKarnataka Sir Plz Start to Recruit ITI Completed Candidates for Linemen Post In KPTCL and Escoms as Almost all other States are Considering Technically Trained ( ITI ) Candidates In Energy Department's..
Indian Stock market has crashed like crazy today. This is the stock market of the world's fastest growing economy according to Feku.
The truth is that we are not even growing and the markets have realised the fakery.
Now that the government is addressing the benchmarking challenge for foreign funds by introducing CAS, can we also request the “head of the family” to rethink STT for its own kids?
I am sure we want our Indian participants to survive, and our market microstructure to thrive.
You want the ₹ to stabilize.
You want billions of dollars to flow into India.
Then make India capital-friendly:
• Remove STT
• Remove LTCG
• Reduce STCG
• Cut the 30% crypto tax
• Remove the 1% crypto TDS
Make investing in India easier, cheaper and more predictable.
Capital doesn’t need an invitation.
It needs fewer reasons to leave. 🇮🇳💰
The current VDA framework taxes crypto gains at 30%; the tax system also provides for TDS on VDA transfers.
Nirmala Sitharaman should introduce:
Middle Class Existence Cess - 40%.
Reason for taxation: You exist.
Additional surcharge: You have a job.
Special cess: You made the mistake of saving money.
Penalty: You invested those savings and actually made a profit.
GST: You dared to spend what's left.
Welcome to financial freedom.
Dear @nsitharaman ji,
UPI has become the backbone of youth entrepreneurship, helping Gen Z and Gen Alpha run side hustles, freelance, and build small businesses with ease.
Taxing digital transactions could discourage financial inclusion and push micro-entrepreneurs back towards cash.
Empower Digital India. Empower young entrepreneurs. Don’t tax their future. 🇮🇳
Dear Nirmala Sitharaman ma’am, you have reduced GST from 28→18% & 18→5%. 🙏
Similarly, please reform taxes:
• LTCG: 12% → 5%
• STCG: 20% → 10%
• Crypto: Remove 1% TDS, 12% profit tax, allow loss set-off
On behalf of all traders and investors.
If SEBI really cares about retail traders, these 3 things are a MUST to save them from losses:
1. Ban Forex Trading, completely BAN with ACTUAL Enforcement.
No Indian shall be allowed to Trade or Market Forex products. Raid the fake finfluencers and put them in jail.
Otherwise legalize it and regulate it. Putting law on paper ONLY has ZERO relevance.
2. Regulate Crypto. Don't leave it as a grey area it has been kept so.
Numerous shady crypto exchanges running counter party platforms bringing in Finfluencers who are milking their audience.
Regulate them and allow Indian Stockbrokers to open trading in Crypto.
Else ban it if Govt dont want to do it.
3. Have STRICT entry point checks for Derivative Trading.
For instance - Put strict enforcements of not allowing trading in options if money beyond declared ITRs is being added into Trading accounts.
Most lost money in options is on loans, as per our research.
This is the LEAST that the country needs if a normal Indian is to be saved from making rash/irrational decisions in Stock Market and losing money that is mostly flowing out of the nation.
All of this won't solve the problem but the loss percentage and loss amount Indians are facing, will reduce significantly.
What else, you think, shall be done?
#CAS manipulation, volatility at #BSE#NSE issue, I wrote to Finance Economic Affairs Secretary for review of CSA guidelines & take up the issue with #SEBI
🔥 TAXPAYERS, THIS IS YOUR DAILY REMINDER:
Don’t scroll past.
TWEET.
Demand #AbolishIncomeTax.
Tag someone who pays income tax.
If 1 person tweets, it’s a post.
If 1 lakh taxpayers tweet, it’s a movement.
I wrote, requested SEBI Chairman to review & inquire about #CAS Manipulation & Volatility in last few minutes.
27 August BSE during last 12 minutes of trading at NSE/BSE Sensex crashed over 2,200 points & than recovered 2,000 points.
Want Action against Manipulators
The salaried class doesn’t want freebies.
We want to keep the money we earn.
Tax our income. Tax our spending. Tax our savings. Tax everything we touch.
And then call it a “developing economy.”
Abolish Income Tax.
#AbolishIncomeTax
Today, I along with my advocate Siddhartha K Garg went to the respected Supreme court of India for the hearing of my petition.
Case: Legality of STT as a Tax in Stock Trading/investing.
It was presented in front of the Honorable Judges Pardiwala and Vishwanath who heard the case points at length.
Case has been admitted with notice issued to the government .🙏
🚨 SPREAD THIS EVERYWHERE 🚨
Logic needs to be countered with logic.
They can't give vague answers like "With time it will improve"
No. It won't.
Coz the issue is structural.
We can't simply copy something without assesing suitability to our markets.
No Trade Day on 12th August:
Against STT
Against CAS
Against irrationally high Taxes imposed to squeeze the Traders, an increasingly hostile regulatory environment and further Trading rules that reflect sheer incompetence and hate in policy making.
STT up. 0DTE gone. ELM margins in. Expiry changed. Lot sizes doubled. Closing price mechanism rewritten.
Every decision landed on the retail trader. No decision included the retail trader.
On 12 Aug, we are choosing to sit out for a day.
Not in anger - just to be counted.
We trade. We pay. We'd like to be heard. 🙏
@NSEIndia@BSEIndia@SEBI_updates