Did my part !!
Mailed the regulator about our concerns regarding the CAS.
Have just put out logical arguments.
I've heard SEBI does go through suggestions.
So do your bit too if you think CAS needs improvement.
@CNBC_Awaaz@ZeeBusiness@_anujsinghal@SEBI_updates
This does not get talked about at all by any media channels
This Robbery on STT needs to be brought to attention of everyone, only then our voice will be heard
The festival season is on @ashwinibhide - a walk around would show you how pavements are being encroached with unsteady bamboo scaffolding for ugly hoardings. But spare the coastal road at least from this horrendous ugliness? @CMOMaharashtra @mybmc @mybmcwardgs
Taiwan is the only other country in the world other than India to charge STT on Futures
Even then the STT charged on Futures in India 🇮🇳 is a whooping 25 times more compared to STT charged on Futures in Taiwan🇹🇼
India is No. 1 in Tax Terrorism and Govt only keeps hiking STT
Bandra: Protest at the Neville D’Souza Football Ground against the latest land grab by the Maharashtra Government. Good turnout by residents/footballers. It will be needed. Mumbai is dealing with a ruthless administration that is high on arrogance and low on town-planning.
Like it or not, @PChidambaram_IN got us addicted to zero capital gains. He introduced STT and said therefore cap gains. Now we pay STT and cap gains.
If u are in the 5 crore mutual fund/ equity holders who have invested in INdia...
If you are the tax payer...
We are all the same people who pay34% Income tax 12.5% cap gains and 18% GST.
YOu are screwed, that is all.
I trade both F&O book and a Commodities book
I do Futures in both segments primarily with a little bit of Index Options as well in F&O book
the STT hike by 150% or 2.5 times on Equity Futures and also CAS effect on Index Options has now made it unviable to waste time and capital on trading this segment, opportunity cost is just way too high. STT I pay is like 10-20 times of CTT I pay which is extremely unfair
If not for Commodities, then there is nothing left to trade for any Indian trader doing Futures especially to trade
The Opportunity universe shrinks significantly when one only does Commodities and Gold/ Silver is just one instrument, need another Commodity to trade as well if it has to replace F&O book
I am going to start a Video Campaign starting Tuesday called "F&O sahi hai".
@FinMinIndia and @SEBI_updates has sort criminalised F&O and projected it something as a "Sin" product like Tobacco.
Even traders whose daily earnings depends on F&O have not done anything against that.
At least I will try to change that foolish narrative by looking at facts present in India and around the globe.
A recently concluded Survery has put India as the least favorite trading market. Not only that the rupee is at all time low as well.
All F&O traders must unite in this movement and start posting their own videos of F&O sahi hai.
I need your help in saying
#FandOsahihai