AC

If I was the FM what will I do to stem the currency fall.? 1. Remove LTCG and STCG for FIIs and domestic investors, to improve sentiments 2. Raise interest rates by 50 bps to make fixed income investments attractive for NRIs and FIIs. Sometimes tough decisions need to be taken.

Sankat Mochan Hanuman 🚩

Suprabhat!

BREAKING: Berkshire Hathaway discloses new purchases of Alphabet, $GOOGL, Macy's, $M, and Delta Airlines, $DAL. Berkshire Hathaway has also exited its entire position in Amazon, $AMZN, UnitedHealth, $UNH, and Dominos Pizza, $DPZ.

JUST IN: ALL THE TOP INVESTORS IN THE WORLD JUST UPDATED THEIR PORTFOLIOS HERE’S EXACTLY WHAT THEY’RE HOLDING AND HAVE BEEN BUYING 🧵⬇️

@GitaGopinath Looking amazing ⭐️⭐️⭐️⭐️⭐️

Thank you Jay Powell for fighting for Fed independence that benefits us all not just now but into the future. Congratulations Kevin Warsh for taking over as Chair. Wish you the very best for what will be a tough role. (Pic from Gridiron Club dinner)

@lalitinvestor @NileshShah68 Very true ⭐️⭐️⭐️⭐️⭐️

Easy to mock mutual fund distributors time and again. Much harder to acknowledge the role they have played in financially educating and bringing crores of first time investors into formal savings and capital markets. India did not build a Rs 70 lakh crore mutual fund industry only through apps and fancy “global allocation” podcasts. It was built ground up by thousands of MFDs who travelled city to city town to town convincing families to move from gold lockers, FD obsession and LIC-only mindset towards disciplined investing and SIP culture. The irony is amazing. The same intellectual ecosystem that constantly lectures India about “financialisation of savings” also uses MFDs as a punching bag every second week… especially many of those whose entire personality now revolves around selling international funds or investing in every fourth loss making glamour stock listed as 4 AM! Apparently a guy convincing a middle class family to start a Rs 5000 SIP is the problem… not blind global momentum chasing packaged as sophisticated investing.. MFDs manage behaviour more than money. They stop panic during crashes. They create discipline during volatility. They bring first generation investors into markets. They build last mile trust in a country where financial literacy is still evolving. Without that layer India would still be largely sitting in idle savings and insurance policies sold as investments. Of course there are bad actors in every industry. But reducing the entire distribution ecosystem into a sarcastic one liner has now become fashionable. Easy to joke about distributors. Far harder to build investor behaviour for 15 years through two bear markets and multiple crashes.

India is apparently considering removing tax on fiis investing in Indian bonds. This is a good thing. Why? Foreign investors pay tax on all capital gains made in India. India is different from all major economies who follow residence based taxation meaning capital gains are taxed in the country of your residence not the country inwhich you invest. If you buy a US listed stocks and sell it at a profit , from India., the US does not tax you (india does) For bonds it is a pain because you get taxed for a capital gain at 20% in India. The fpi may be an index fund buying a bond index in which Indian securities are, and they will underperform that index because the tax is deducted in India at source. Bonds incur capital gains when interest rates fall, and if they are sold the fpi pays. Note that an Indian institution like a mutual fund , insurance co or a pension fund pays no tax. Also the interest is complex. When you buy a bond in the secondary market you pay the price plus the accrued interest from the bond after its last interest payment date. Apparently fpis get hit because even getting paid that accrued interest when they sell a bond has that tax, and ifntheir jurisdictions don't tax mutual funds or pension funds there is no corresponding tax in their home countries to offset what's paid in India. Sadly even if there's only a 5% tax on interest i think the tds is 20%, which sucks double big time cos you have to wait about a year to get a refund. India should get moving with this and make capital gains and interest on listed bonds paid to fpis totally tax free on cap gains and only 5% tds on interest (or none at all) We should also eliminate cap gains taxes on stocks for them also just like we don't tax indian institutions on such gains. This is how it is internationally. It won't reverse fpi flows really but in the long term it will attract foreign capital and allow the rupee to internationalise.

SIF seems to be the new BuzzWord! Don’t invest just because the product sounds sophisticated. please understand: • What strategy is being used • How much short exposure exists • Who the fund manager is • What market cycle the strategy works in Because “complex” does not automatically mean “better"! Source: @EconomicTimes

@daily_magazin @sahil_vi She is not British, She is born & brought up in India 🤦‍♀️

33 yaşındaki Hint asıllı İngiliz aktris Alia Bhatt, Cannes Film Festivali'nde hiçbir kameramanın dikkatini çekmemesiyle gündem oldu.

@LegacyPathCA Fidelity Global Innovators Class Series F Mutual Fund 😄

Canadian investors: If you had to buy and hold one stock or ETF in your TFSA for 30 years... what would it be?

Social media influencer Dr Neelam Singh, aka The Skin Doctor, has been arrested. Police say the arrest is linked to comments he made on social media regarding the death of businessman Sunjay Kapur. What was his role and what were the remarks he made? @madhavgk explains.

Prime Minister Narendra Modi has reduced his convoy size significantly. Reduction in vehicles was done while maintaining essential security components as per SPG protocol. Hope PM security protocol is maintained. PM should get the highest security.

My mamaji is on ventilator. He had all his life’s savings within PSU bank in FDs. All his accounts have been sealed as due to being bed ridden he could not do re-KYC in person. His kids asked bank to take humane view. Bank said if he cannot come in person, accounts will not open. FDs in PSU banks can be useless in time of need due to KYC regulations. @narendramodi @RBI this KYC mess is draconian. Please help in this time of need

Gold prices will go up in India once because Import duty on gold is increased from 6% to 15% We import gold and hence have to pay import duty. The import duty was 6% (5% duty and 1% cess) which means 100 rupee of gold landed in India at 100 + 6  = 106 (to keep it simple). This import duty is now increased to 15% which means the same gold which was 106 will now become 115 This will lead to increase in gold prices in the domestic market for once. Policy making around gold is unstable for the last couple of years, - 2024 duty was decreased from 15 to 6 because there were SGB redemptions - 2025 LTCG was introduced on SGB redemptions retrospectively - 2026 again duty is increased. Import is a problem for India from a currency stand point. The more we import the more rupee depreciates, now we cant do anything to crude import and hence Gold import is always on the firing line. Won’t be surprised if petrol & diesel prices are next.

Retail Inflation in 2012 🇺🇸 2.01% 🇮🇳 9.48% ------------------------- Retail Inflation in 2026 (today) 🇺🇸 3.80% 🇮🇳 3.50% This is the difference …

I am a Hindu and I don't support Joseph Vijay. Rt if you agree 👍