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tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
Online Status: Offline
Posts: 3542
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   Posted: 29/Feb/2008 at 8:25pm |
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75% of indias population is below the age of 30 how many 30 yr olds do you know who stash cash in sb accounts?the young india appears to have the attitude ---have money will spend----- i see good demand for apperals, jewellery, food, vehicles,upgrading homes, flat screens,and for products that give better returns than the 6% one earns with banks
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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deveshkayal
Senior Member
Joined: 04/Sep/2006
Online Status: Offline
Posts: 3903
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Posted: 29/Feb/2008 at 9:10pm |
Cut in excise duties >> Good for Automobiles >> Good for General Insurance companies.
Seems like Mutual Funds will have a tough time maintaining their profitability. After Sebi ruling on ads increasing the duration of disclaimer, FM has now imposed service tax on them.
I dont see much impact of STCG on brokerages as it will be set-off against increase in slabs for retail investors and rupee appreciation for FII's.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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India_Bull
Senior Member
Joined: 19/Sep/2006
Location: United States
Online Status: Offline
Posts: 2296
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Posted: 29/Feb/2008 at 2:50am |
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Wow, I missed the budget speech and related news but doesnt matter, after reading this thread I could catch up the finer points..
Long Live TED !!
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India_Bull forever Bull !
www.kapilcomedynights.com
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India_Bull
Senior Member
Joined: 19/Sep/2006
Location: United States
Online Status: Offline
Posts: 2296
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Posted: 29/Feb/2008 at 2:52am |
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There is one question in my mind and that will never be answered by any budget or any govt... Why dont Govt bring all big farmers in to the Tax net. It is really unfair to the working class salaried people who have to pay TDS and the big people just walk away..
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India_Bull forever Bull !
www.kapilcomedynights.com
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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
Online Status: Offline
Posts: 6675
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Posted: 29/Feb/2008 at 7:41am |
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I think Ben and Bush should take classes from PC......there's such an easy cure to help the economy......Simply waive all the loans due from house owner, credit card holders, vehicle owners etc etc. Thats the panacea......Why are they wasting so much time, I dont understand?????
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 29/Feb/2008 at 7:45am |
| I dont see much impact of STCG on brokerages as it will be set-off against increase in slabs for retail investors and rupee appreciation for FII's |
Increase in taxes do not affect the FIIs. It is on the domestic investor. FIIs are still taxed on the differential basis.
I have been invited to participate as a panelist in a post Budget discussion at the IIFT campus in Kolkata. The other participants would be Mr. Rupen Roy - head at Deloite Haskins and VP - YES Bank. Will fill everyone in after the meet on Monday.
I am required to provide the stock market's perspective on the Budget.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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muralimohan001
Senior Member
Joined: 22/Sep/2006
Location: United States
Online Status: Offline
Posts: 217
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Posted: 29/Feb/2008 at 7:49am |
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Great , Congrats Basant ji
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If money is your hope for independence, you will never have it. The
only real security that a man can have in this world is a reserve of
knowledge, experience and ability.
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
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Posted: 29/Feb/2008 at 9:58am |
Originally posted by Vivek Sukhani
I think Ben and Bush should take classes from PC......there's such an easy cure to help the economy......Simply waive all the loans due from house owner, credit card holders, vehicle owners etc etc. Thats the panacea......Why are they wasting so much time, I dont understand????? |
Oh Vivek…. US Govt does NOT give the loans. It is given by Banks and US Treasury backed institutions. If US Govt makes this to happens, by instructing the treasury, then who buys the treasury bills ?????
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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