The most laughable part about the government increasing STT, LTCG, and STCG is that instead of getting more tax revenue, they’re actually getting less tax revenue.
Higher taxes make the market fall, due to which people earn no returns at all. When nobody makes money, nobody pays taxes either. The govt’s tax collection becomes ₹0.
However, if taxes were lower, say a flat 5%, the market would likely perform better, people would earn returns and pay taxes. At least the government would collect “something.”
Additionally, higher taxes due to which FIIs are selling, has also contributed to pressure on the rupee, creating even more financial stress for India.
I personally feel that the govt needs to abolish STT, LTCG, STCG on an urgent basis if they truly want to protect India’s future and also save their own image.
Big Breaking
In the court of Hon’ble Justice Swarn Kanta Sharma, Mr. Arvind Kejriwal has filed another affidavit.
In it, he has stated that both the children of the Hon’ble Judge are working on Central Govt Panels ie under Sr Adv Tushar Mehta. Mr. Tushar Mehta assigns cases to them. In such a situation, it would be difficult for the Hon’ble Judge to pass any order against Mr. Tushar Mehta.
Therefore, along with other reasons, the Hon’ble Judge should recuse herself from the case.
Serving Brigadier, his wife & son are assaulted by anti social elements in the presence of Delhi police officers. FIR is not registered for 2 days & registered only after the issue was raised on social media.
This is the state of Amit Shah’s police as he goes around campaigning!
👉The Indian Rupee has breached 92 against the US Dollar
▪️This is particularly concerning because the US Dollar has been significantly weakening against most major currencies. So, while other currencies have gained, the Rupee has continued to fall - becoming Asia's weakest currency
▪️The economic fault lines in India have put pressure on the Rupee:
• Continuous foreign portfolio investor (FPI) outflows, Total ₹35,989 crore about $3.9 billion in January alone
• No Trade deal with US, high tariffs
• Weak exports
• High hedging by importers
• Widening current account deficit
▪️Risks of further depreciation for the Rupee remain high which will not just drain our forex reserves but could also fuel inflation higher
👉There is need for urgent policy action but the Modi govt chooses to remain blissfully ignorant
Shame on you @airindia
I am flying to Bangalore on AI2845
I paid for seat 10A as being a kidney transplant recipient I wanted to be comfortable
But to my surprise I am alloted seat 22B
Firstly I have paid a premium to block a seat and I am shamelessly told that the payment is not to block the seat
Really!!!
Why do you charge money then???
This is a joke
And then the staff is blaming me for not checking the boarding pass when it was given to me at the counter
And then the offer to refund the money
This is simply not acceptable
If you can't block the seat why do you charge money
This is not about a refund
This is about ethics
This the lavish Sheesh Mahal of an ordinary BJP MLA Anurag Singh Patel.
An MLAs salary is 70000 per month
Trust me bro, he built this with honest money.
Reading in Financial Express that govt may give tax incentives to foreign investors like pension funds and endowments etc.
This will not help at all and in fact will create more confusion
a) Many pension funds/endowments buy US/foreign listed and traded Indian ETFs. Many pension funds/endowments buy into actively managed funds which have a mix of different types of investors so how will the benefit work where the tax is at fund/ETF level
Note: Taxable entity in front of Indian tax authorities is the pooled Fund and not the underlying individual investors and there is no way to isolate the taxes of underlying investors and charge some and waive for others.
c) What India and govt needs to see is "sort of" quick reversal of FII sentiment and flows. In fact the slowest response is normally from the Long term investors. First they will be confused about what new structure to adopt (investing direct vs., through funds/ETFs) and then anyway since their process is slow we will see not much change in flows for plus/minus a year.
It is just easier to reduce/eliminate the taxes- perhaps just make LTCG zero beyond one year for all investors including domestic investors.
If there is a perceived loss (I think there will be massive gains in confidence, animal spirits, higher investment, higher FX reserves etc) that may be (but should not be) adjusted via STT. This will also achieve the govt/SEBI objective of reducing speculation, F&O volumes etc.
The ordeal faced by a nominee in accessing her late father’s funds, particularly due to HDFC Bank’s handling of the matter, has prompted me to write to the Finance Minister seeking the constitution of a Joint Parliamentary Committee to review banking practices and make them more customer-friendly.
@HDFC_Bank@RBI@FinMinIndia@nsitharaman@veenavenugopal
Akash Prakash is constructive on markets in 2026.
With 2 caveats,
1. One major assumption is local flows being robust. If they turn negative, all bets are then off.
2. Other worry is deluge of paper - new & blocks. Investors will hopefully self-regulate.
#stockmarket
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Interesting: 3 days after first round of polling in Bihar, still no official statistic given by @ECISVEEP on gender break up in voter turnout : how many male and women voted . Normally, this is made available. So why not given yet?
- A firm built a 45 km stretch in kerala in 2006 still pothole free after 19 years.
- Project Head died by suicide due to payment delays and no further contracts naming officials in his note.
Reason why India can't become a corruption free country
Delhi’s AQI is truly worrisome. This is hitting both, life and livelihood.
What’s more worrisome is the strategies made to hide the real AQI numbers.
What’s problem does the Union and State Government have to accept the situation and bring about Socio- political consensus on climate action?
If this is the attitude of the governments, it truly means that they don’t care about the citizens.
Dear Guys on Twitter, your voice matters.
Today, Gautam Gambhir was forced to change the playing XI, and he picked the exact team we have all been discussing here. Our voices and even our trolls reach them.
Now, the one change India needs is bringing in Yashasvi Jaiswal for Shubman Gill.
It’s not that I hate Gill, but he has had enough chances to prove himself and failed almost every time. In limited overs cricket, he struggles badly on tough pitches.
On the other hand, since 2022, Yashasvi Jaiswal has had the 2nd best strike rate in T20I powerplays worldwide, only behind Abhishek Sharma. He is the most deserving player to open for India.
If Shubman Gill fails again on a difficult track, its on us to raise our voices. Tweet in support of Yashasvi Jaiswal and make sure the noise reaches BCCI.
We don’t need “prince” or “future faces” in team, we need a team where all 11 players truly deserve their spot, even if that includes the captain.