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Dear FM Madam @nsitharaman ji,
Budget is Coming.
GST has two slabs - 5% & 18%
Please consider for equity & mutual funds:
STCG - 15% upto 1 year
LTCG - 10% upto 2 years
LTCG - 0% for more than 2 years (To reward Long Term Investors)
Abolish STT to avoid double taxation.
On Behalf of Investors,
#FI
@powerfulankur Option prices are squared at 5ps increments. PnL can never be decimal like .99ps, .88, .43 etc., they all should and will end with 5 or 0
If you haven't learnt trading, it's fine, it's ok. At least learn to edit.
Young people who want to become parents:
Have more than one child please.
It's not fair on the single child to look after the needs of the elderly parents. They get burnt out. I see this so often in my clinic and around me in society.
Why should the child look after the parents' needs alone when the parents have been selfish to have only one child? How much can one child bear?
And no, this is not about finances. Infact majority of people in the lower socio-economic group have more than one child. It's the upper middle class who stop at one child.
And if something happens to the parents prematurely, then that single child is left alone in the world, with no family. He/She is left an orphan. Even though, he may be an adult by then, he is still an orphan. And this will hit that adult child hard.
Heard of a news today, where both the parents who were around 55-60 years old died within 2 months of each other last year, and their only child, a son around 25 years old, also died tragically yesterday. He was apparently unwell since the death of his parents.
Read about Yash Birla, the popular Birla scion. Atleast here, the extended family rallied around him and he had a girlfriend whom he married. Read about what his wife has to say about the painful ordeal in their first couple of years of married life. He recovered, not everyone can be like Yash Birla.
In today's day and age, one isn't having such close ties with extended family members.
If a couple decides to have only one child, then the couple should and must involve the extended family, how much ever differences they may have with their extended family. Their only child should get the love and affection of their uncles, aunts and his/her cousins, especially the cousins.
Why should that child suffer just because parents don't see eye to eye with their extended family?? Then have, another child.
Because once the parents die, their only child will have the comfort of his cousins, with whom he has beautiful sibling bond with.
And life is livable again.
It's takes a village to raise a child. And a child should live in that village, this will give him security and confidence to carry out with life. No child (including an young adult child) should live alone.
Thanks @GANNTRADER2 for being so generous in clarifying things about my way forward. Your remedies are so unique, and the way you justify them are brilliant. Please continue to help people like me. More power to you.