In the wake of how everyone had to deposit money in the banks and the way the new finance bill hastily brought in the bail in clause, It would be utterly unwise to invest (in any form) in any of the public sector banks...
1st SBI ,then PNB ,next all major PSU banks involved.
1st Jan Dhan Yojna ( Voluntary ) then DeMonetisation ( Mandatory ) next ? might impose tax not on the basis of PAN card but Aadhar card for nation building.Everybody must file return and pay tax.If you are not liable to pay tax then you will get refund like gas subsidy.So everybody must be ready to have account in PSU bank if you want your tax benefit under section ???
FM is planning to merge all PSU banks(might be to hide their sins).What would be the figure if you plus plus plus or multiply all the banks losses , NPAs , Provisions and so on ?
They have increased the divestment target to the levels never heard before....It''ll be interesting to see who buys these psu and on what crazy basis....
next could be you may shell out your hard earned money to make good the npa loss of psu banks, as per new FRDI bill.
This govt. is bent on looting money from the innocent middle class and lower middle class people. Making rich people super rich and giving benefits to BPL card holders.
Only solution seems that you stop working and BPL card!!
Cryptocurrencies is where all bootleggers, money launderers are known to park their money.....It''s funny how the currency bills issued by the central bank can be banned overnight but cyptocurrencies prevail with pride...
Next is new banking bill in budget proposal,total 10 types of account coming under banking act 1873, ppf,kvp,nsc,sr citizen,RD,post office saving ac, sukanya yojna,...these ac will become unsecured ungauranted and if any psu banks declare bankrupt then these ac will be forfeiteble for bank savior.apart from general saving acc too.
I won''t be surprised if they make it mandatory that all payments...business, salaries,every other transaction to be first credited to a govt account...and then they would decide what a payee deserves to receive after all the deductions towards the nation building excercise...
The official who laughed viciously seeing the markets correct after the LTCG news, argued that why one investment instrument be given priority over the others. Although many couldn''t stop wondering which investment instrument has been given a priority in the past 4 years....
Now as the markets tumble, EPF and other usual suspect fund managers like LIC have been asked too increase their equity exposure ...These are the same strategists who believed in perennial recapitalization of the state owned banks ...The results are out there for everyone to see ...The official in question is extremely bullish on the prospects of massive LTCG collection ....Hearing this, a few went to an extent of suspecting that he has no clue what LTCG is all about, while the others believed that he must be joking and nothing but that.........With farmer loans being aggressively waived off in all the states that are headed for elections and super massive freebies schemes launched for those who have never contributed a penny to nation''s treasure, it would be very interesting to watch how the gigantic fiscal gap can be plugged and how much LTCG they receive to help the purpose....
In next 1-2 years, a very high percentage of long term investment will shift to short term where capital gains tax is even higher. That is the main objective of bringing back LTCG to gradually force investors to pay at least 15%. Even if we assume that gov will get higher LTCG+STCG total capital gains tax, just think about what happens to overall investing culture in equity where very small percentage of investors are willing to invest in a company for longer term.
LTCG receivable kitty will shrink drastically. I believe all this will lead to signifiantly higher volatility and completely different equity investment culture where everyone is looking for quick (doesn''t matter if it is very small) gains.
They have been applying such rules in a retrospective manner...take for instance how debt mutual funds are taxed for both short and long term with Long term meaning units held for longer than 3 years....can you believe? ..Idk what in their smart opinion those long term holders gained in the last 3 years of the regime that warrants even taxing them.....Check the long term gilt/ debt mutual funds returns and see for yourself...
When it comes to mutual fund, all funds are good. Even Worst funds have given returns better than bank F.D. and Nifty. Except for LIC and UTI Mutual Funds
I suggest you to opt for any Multicap Fund from a Large Fund House like ICICI, HDFC etc.
Please solve the query of some gentlemen, quoting of multiple IDs and if in your observations you find nothing suspicious then you may like to block/warn "this gentleman " and his whole team for violations of chittorgarh rules.
Roy bruh , you seems victim of "Mandela effect '''' or some myth like "parallel universe "
Because as of chittorgarh concern, we have been seeing modulator only ,
Example,
353.4. Forum Modulator Apr 18, 2017 12:33:03 AM IST 8 | Dear ShareView Ji and Valuable Contributors,
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@kid, if I''m"bruh", then your big bro, not bruh! As for moderator concern, I wish everyone corrects themselves for the sake of it... See the signing off line by the moderator, spells out clearly...
And Mandela effect? I surmise many are caught in a fiasco...
Heh, forget what the government is nursing and to whom, stay sharp and accumulate good stocks... I have decided to stay clear of psu ofs, but holding a lot of good dividend paying PSU stocks for the sake of good income, as finmin under current government relies on them for fiscal income...
Recent IPOs --------------------------52 Week High Yesterday Close Current price Galaxy Surfactants 1742.8 1656.95 1631.5 Amber Enterprises 1328.9 1151.25 1162 NewGen Software 266.7 239.15 233.95 Astron Paper 176.6 134.05 131.2
If we thought, IPOs are unaffected by market conditions....suggest to think twice. Most of recently listed IPO stock continuously going down.
There are people who have been promising 10-20% gain (beyond IPO listing price) in 1-2 weeks but the realty is something different. It appears that only very selective stocks are gaining beyond listing price. So most of other IPOs it seems early exit is better option rather than holding. As always...It is just IMO...take informed decisions and don''t believe blindly.
I was talking to some of my friends who are very-very active in social media and literally obsessed with it. They disclosed a modus-operandi of some people which is some thing like this:(numbers are just for illustration)
- create 10 (social identities) on online forums. - attempt specific way of commenting and language to camouflage multiple identities of one or very small set of individuals. - For any issue divide them in few groups. - For any issue, each group gives opinion which is slightly at variance to other or is given in a way it can be interpreted both ways. - Use one group of Social identities to promote other group. - These groups are sufficiently large presence in social media that when the time of decision comes people only remember the ones whose opinion proved correct. - If any specific ID gets involved into uncomfortable no of failed or incorrect decisions/opinions, kill that ID and create a new one and repeat the process. - Since all social media identities (under consideration) belong to a single real life individual or a very small group of people, the individual or the small group ALWAYS WINS.
Discl: I am not so knowledgable in social media. I am sharing as I came to know from others. Use your judgement to believe or ignore.
Markets regulator Securities and Exchange Board of India (SEBI) on Thursday said retail investors applying for shares in IPOs would need to be compensated if bankers fail to make the allotment despite their eligibility.
Besides, the public issue banker would need to pay an interest amount of 15 per cent to the investors for failing to resolve the grievance within 15 days, while they may also face Sebi''s action for such failures. Putting in place a framework to compensate retail investors who fail to get securities in an IPO, Sebi said there should be a uniform policy for calculation of minimum compensation payable to investors. While calculating minimum compensation, several factors need to be taken into account like opportunity loss suffered by the investor due to non-allotment of shares; number of times the issue was oversubscribed in the relevant category; probability of allotment; and listing gains if any on the day of listing. "It is also proposed that in case of issues which are subscribed between 90-100 per cent -- that is non-oversubscribed issues --- the applicants would be compensated for all the shares which they would have been allotted," Sebi noted. However, no compensation would be payable to the applicant in case the listing price is below the issue price, it said in a circular, which would come into force with immediate effect. While the process of Applications Supported By Block Amount (ASBA) has resulted in almost complete elimination of complaints pertaining to refunds, Sebi said there have been instances where the applicants in an IPO have failed to get allotment of specified securities and in the process have suffered an opportunity loss due to failure on part of bankers to process the applications even when they have been submitted within time. Other factors are -- failure on part of the Self Certified Syndicate Banks (SCSBs) to make bids in the concerned exchange system even after the amount has been blocked in the investors'' bank account and any other failures on part of an SCSB which has resulted in the rejection of the application form. "Any applicant whose application has not been considered for allotment, due to failure on the part of the SCSB, shall have the option to seek redressal of the same within three months of the listing date with the concerned SCSB. "On receipt of such application, the SCSB would be required to resolve the same within 15 days, failing which it would have to pay interest at the rate of 15 per cent per annum for any delay beyond the said period of 15 days.," Sebi noted. In case bankers fail to redress such grievances within the stipulated time, additionally "Sebi may initiate action as deemed fit".
Sir, In Shankara Buildcon IPO and one earlier IPO my 04 applications found rejected. The reason for rejection shown by registrar was '' The amount not blocked by banker'' though both the times amount had been blocked and I have proof for that. Can I get compensation for this? Where can I file the complaint ? Please guide.
The more gotalas may in pipeline ,but most worry should be about their dangerous solution introduced by govt.
As this govt always a champian , and knowing that big fraud is being done in banking system.
Govt introduced much earlier in August, 2017 " FRDI bill '''' - just 1st leg
In which if this type of gotalas happen, public money can be use to rebuild/repay perticular banking firm.
Since they have majority in lower house, and claiming after karnataka election they may get majority in upper house also, so for opposition it is nearly impossible to protest against any bill.
If you thinking then why market have not crash? - Demonetisation - GST - hugh NPA issue - lower GDP - LTCG - biggest loss posted by sbi in single quarter in it''s past 30 yyear history - biggest loss posted by pnb in Indian banking history a year ago.
It won''t crash anytime soon also, The reason must be ''''They controlling Top 10 Nifty stock with larger market caps ''''
Cut the crap,
You are trapped just because of you. Feel the moment.