If LTCG goes away or is restructured, will unleash animal spirits in unimaginable ways.
If the tenure is increased, 'patient capital' will be born.
More importantly, this will 'fix' the Rupee!
🤞
The move in the Indian stock markets today is a big demonstration of how the LTCG/STCG/STT/Div Tax burden has brought down the Indian markets.
Just a statement from the Indian FM saw markets rising sharply .
Hope the mandarins and politicians take a cue from todays move and abolish these huge drags on Indian stock markets.
And communicate more.
Build confidence.
Spread Positivity.
India needs vibrant capital markets with huge foreign inflows .
Recognise that.
No harm in course correction and rectifying harmful decisions midcourse.
National Interest is Supreme.
Cut these huge taxes .
Dear Prime Minister Ambani,
Please accept my humble apologies for not realizing that you are the real boss of India.
Naturally, you would prefer to maintain your monopolistic exploitation of the great people of India, but would you nonetheless consider allowing Starlink to compete?
There are many areas of India, as there are in all countries, with no Internet access, which denies children the opportunity for education and for small businesses the opportunity to sell their goods to a global market. Starlink would change their lives for the better.
Thank you 🙏
Thank you, Elon.
Your tweet made one thing crystal clear: India’s Prime Minister does not surrender to pressure from any foreign power.
For him, India’s interests always come first. 🇮🇳
Seems like attack on India
- No H1b Green Cards USA suspends top indian IT firms Infosys , TATA , Wipro , HCL.
- USA sold 6100 cr worth shares in Indian Market.
- Forced Indian Companies to invest in USA.
- Elon Musk Saying Indian firms stopping star link entering to India.
- And Protest going on for which all the oppositions and Dhruv Rathi is also visiting India.
Match the chronology.
Dear FM Madam @nsitharaman ji
We have been voicing abolition of double taxation in Capital Markets.
Apart from Abolishing STT, request you to incentivize long term stakeholders by removing LTCG as well.
On behalf of investors,
#FI
🚨Remove STT for 1 year, you will get more taxation more liquidity in markets
Strong statement by Zee Business editor Anil Singhvi at @VoiceOfCPAI convention
We can now initiate tax on short term and long term capital loss to boost revenues as capital gain revenue may fall.
LTCL 12.5%
STCL 20%
Higher STT was booking losses.
Not only it will boost revenues for freebies but also prevent investors from booking losess :)
FIIs still own $750 billion of Indian equities ..they can easily sell another $100bn over next 12-18 months as last 3 year returns is negative in dollar terms
All funds mobilised through FCNR will get nullified.
Feedback on taxation is loud n clear. Need to address it.
- Sanctions from America
- Saudi Arabia oil pipeline blasted
- Russia and Ukraine are at war
We literally have no source of oil imports left. And still, somehow, we don’t know from where Narendra Modi is arranging oil for 1.5 billion people.
Peak Geopolitics by Priest King. 😭
This is not a ban.
PM Modi never locked the airport.
He never banned gold.
He never outlawed your wedding.
He asked India to pause the flex.
Don’t fly abroad just to say you flew.
Don’t spend lakhs in another country for a wedding India can host better.
Don’t buy new gold if old gold can be melted and remade.
Buy Indian. Wear Indian. Build Indian.
Not forever.
Not by force.
For a stretch when the world was burning oil and India’s dollars were walking out the door.
Then he said the part people keep mixing into the same poster:
140 crore people.
One target.
Viksit Bharat by 2047.
Today’s restraint.
Tomorrow’s country.
Handed to the young, not left as a bill.
Save this before the next forward adds lines he never said.