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bharti
Senior Member
Joined: 25/Dec/2007
Location: India
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Posts: 262
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   Posted: 29/Feb/2008 at 3:28pm |
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Overall I feel the budget is a great positive for banking sector. By reducing excise duties and reducing individual tax liabilities , what it effectively means is that costs of products(like cars,scooters etc.) will come down and the purchasing power will go up just because of the specific budget measures. So product sales will increase (or atleast downward trend should get arrested) and loan requirements will increase (or stablize) which is great positive for banks.
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bharti
Senior Member
Joined: 25/Dec/2007
Location: India
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Posts: 262
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Posted: 29/Feb/2008 at 3:33pm |
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The positive of increasing short term capital gains tax may be that it reduces some amount of speculation and trading mentality and even more encourage Long term investments(LTCG is still zero) which is in line with TED philosphy...
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tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
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Posts: 3542
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Posted: 29/Feb/2008 at 3:35pm |
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hey investor i was right there is now lots of money in your hand even the fm has confirmed that i see a big positive for the retail sector.cunsumption patterns in india should continue to remain boyant and infact improve further.retail, insurance,credit, banking, mf,consumer durables,and vehicles appear to be the direct beneficiaries.
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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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gopal
Senior Member
Joined: 26/Jan/2008
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Posts: 913
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Posted: 29/Feb/2008 at 3:37pm |
Originally posted by bharti
Overall I feel the budget is a great positive for banking sector. By reducing excise duties and reducing individual tax liabilities , what it effectively means is that costs of products(like cars,scooters etc.) will come down and the purchasing power will go up just because of the specific budget measures. So product sales will increase (or atleast downward trend should get arrested) and loan requirements will increase (or stablize) which is great positive for banks. |
Bhai,
In the meet with press / media the FM is not clearly stating how he will provide the loan waiver funds to the banks ....... he is trying to instead also add the line that liquidity to the amount of loan waived will be given to banks over 3 years ....... further he has stated that he has not made any provision in the current budget for the loan waiver amount .....
thnx
CAN SOME ONE PLZ EXPLAIN THE DIFFERENCE BETWEEN PROVIDING LIQUIDITY AND PROVIDING FUNDS
Edited by gopal - 29/Feb/2008 at 3:40pm
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Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful
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investor
Senior Member
Joined: 06/Sep/2006
Online Status: Offline
Posts: 1745
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Posted: 29/Feb/2008 at 3:45pm |
Yes Sir, you were right, my mistake in the calculations!  Hope more people go out and drink with that money, and hopefully that will boost United Spirits!! 
Originally posted by tigershark
hey investor i was right there is now lots of money in your hand even the fm has confirmed that i see a big positive for the retail sector.cunsumption patterns in india should continue to remain boyant and infact improve further.retail, insurance,credit, banking, mf,consumer durables,and vehicles appear to be the direct beneficiaries. |
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The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
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tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
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Posts: 3542
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Posted: 29/Feb/2008 at 3:50pm |
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consumption patterns will only get better instead of drinking zinzi i suppose you will now drink four seasons!
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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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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 29/Feb/2008 at 4:02pm |
The additional money from savings arising out of the hike in IT exemption limit instead of going to the Govt. will now remain with banks mostly the ones that cater to the up market citizen.
Now if x cuts a check to y the money still remains with the system; if they earn more post tax they can take more consumer loans; credit card spending etc. They will invest money into the markets as well. This will really give all companies in this segment a big trigger.
So on one side the upcountry banks get more money and on the other they can lend more. It also indicates that people who have taken loans can now repay back with more ease. This should help protect bad loans also.
Investor: You are right they could even buy a few bottle openers!!!
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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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tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
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Posts: 3542
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Posted: 29/Feb/2008 at 4:08pm |
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also remember the pay commission hike coming up, the babus also will spend and invest soon
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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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