We have been talking about TIMING of introducing LTCG. Kudos to Gov for choosing the most appropriate time for killing a rare asset class which have had some progress in last few years.
Sone ka anda dene wali murgi thi.......ab na anda bacha na hi murgi
1 % Health and Education Cess has been levied on the existing tax payers and. defence spending has been slashed to fund the medical expenses of the poor. Divestment target too has been raised along with unjust slashing of small savings rates and heavy taxing of every investment vehicles that there is. None of the above though is going to make things look any better. No one in their right mind would invest in any of the divestment offers by the Bharat 22 promoters. Savings would dip and capital outflow would gather momentum. Fiscal deficit would only worsen going forward in spite of unjustifiably hiked petroleum product prices. MSP hike along with encouragement to the farm products export (onion, sugar and what not) and the recent escalation of the cement prices would ensure that the inflation breaks past the highest threshold. Should these policies continue, the bond yields might reach 15 % or even more while the banks would still be asked to pay 3 - 4 % taxable interest on the FDs and lend to none ...
483. Salah| Link| Bookmark|
February 6, 2018 9:52:42 AM
IPO Mentor (500+ Posts, 200+ Likes)
This is the First time i am praying to not get any allotment.
SGX Nifty 400 points down ( - 400 ) plz chk sgxnifty.org Investors Today morning be ready to take blood bath. & jaitly ko milega LTCG Tax ke naam pe babaji ka thulu. Now all will be praying for non-allotment.
even the beggar on street ( metaphorically) knows the fall is not due to LTCG.
But it was not the right time to introduce LTCG. Signs of major corrections were already visible and gov instead of seeing an accounting line item of "Un-taxed long term capital gains" should have foreseen this disaster.
Urgency of introducing LTCG when the signs of corrections were already visible was only due to 2019 election.
SBI not unblocked amount or not debited amount Waiting for linkintime status updation.
472. Eagleye| Link| Bookmark|
February 5, 2018 10:48:50 PM
IPO Guru (6600+ Posts, 22000+ Likes)
THE MOST RELIABLE List of Main board IPOs IN THE PIPELINE (Status as on 05th February 2018)
A) DRHP Filed – SEBI Approval *Awaited*:
1) Nazara Technologies >>> DRHP date 31-Jan-18 2) CreditAccess Grameen >>> DRHP date 24-Jan-18 3) Bharat Dynamics >>> DRHP date 22-Jan-18 4) Route Mobile >>> DRHP date 22-Jan-18 5) Mishra Dhatu Nigam >>> DRHP date 16-Jan-18 6) RITES >>> DRHP date 15-Jan-18 7) Patel Infrastructure >>> DRHP date 06-Jan-18 8) Bandhan Bank >>> DRHP date 30-Dec-17 9) Indian Renewable Energy Development Agency >>> DRHP date 21-Dec-17 10) Vishwaraj Sugar Industries >>> DRHP date 20-Dec-17 11) Krishna Institute of Medical Sciences >>> DRHP date 11-Dec-17 12) Sandhar Technologies >>> DRHP date 07-Dec-17 13) Srei Equipment Finance >>> DRHP date 28-Nov-17
B) SEBI Approval *Received* *(within the past 4 months)*:
1) ICICI Securities >>> SEBI Approval 02-Feb-18 2) Barbeque-Nation Hospitality >>> SEBI Approval 05-Jan-18 3) Lemon Tree Hotels >>> SEBI Approval 22-Dec-17 4) Acme Solar Holdings >>> SEBI Approval 15-Dec-17 5) H.G.Infra Engineering >>> SEBI Approval 13-Dec-17 6) CMS Info Systems >>> SEBI Approval 30-Nov-17 7) Reliance General Ins. Co. >>> SEBI Approval 29-Nov-17 8) Karda Constructions >>> SEBI Approval 22-Nov-17 9) Seven Islands Shipping >>> SEBI Approval 10-Nov-17 10) Prince Pipes and Fittings >>> SEBI Approval 03-Nov-17 11) Hindustan Aeronautics >>> SEBI Approval 27-Oct-17 12) Gandhar Oil Refinery (India) >>> SEBI Approval 26-Oct-17
sgx nifty in red enough for tuesday signal. rbi policy will hike int. rate. by that time gmp will be 0 on listing day. bear over bull week. nifty by this friday 10500