Nifty at 26000:
We increase STCG and LTCG
Nifty at 25000:
We want to reduce speculation, so we increase STT
Nifty at 24500:
FIIs may come and go, retail will act as shock absorbers.
Nifty at 23500:
We are willing to listen to people regarding taxation.
Nifty 22500:
We will act now.
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@IndianTechGuide After collapsing economy for 10 years with ignorance and arrogance, now they are open for suggestions!! Entire population is against on LTCG, STT and STCG. Crypto taxation is worst.
0 people got rich by cutting their expenses. To get rich, you need to grow income. This applies at a national level too.
Zoom out and look:-
1) India is asking to cut: let rupee fall, buy less foreign goods, don't buy gold, don't travel abroad etc
We are basically cutting (except for taxes of course)
2) US is asking to speculate. Circular financing in AI, IR cuts talks, collab with China etc.
Both the markets are great. But, one is cutting while the other is building more leverage.
How you play this is a good test of investing :)