Harshada Sawant हर्षदा सावंत 🇮🇳

#RememberingRatanTata Ratan Tata was a visionary , a philanthropist and an uncommon leader who touched the lives of many. But, what I absolutely love is that everyone he met also remembers him for his gentleness, kindness, humility & sense of humour. Thankyou for being you

Blood is on the streets. Sadly, even literally. Portfolios will bleed too, and this time it's a man made disaster. We've seen these before, and we've emerged eventually out of them better, but man made disasters tend to take a little longer. I am the CEO of a mutual fund, so I will be biased towards telling you to invest. I honestly believe that market drops provide opportunities, but there's no way to say what the bottom is, so any lumpsum investing should be spread over a period of time - could be three months to a year. But it's a period when the red in your portfolios will turn out to be an opportunity, not a permanent colour. It's too early to say it's over, since we are just about 10% below all time highs on the Nifty 500 and we have seen more. But the 10% drop is usually a good point to start looking at measured allocations going forward. A lot of cash has been on the sidelines, and if you have a 3+ year view, it does make sense to consider allocating cash. Diversification will help if only to reduce the magnitude of a fall, it however should help you remain less fearful. You might say we managers talk our book, but I can't see anything good coming out of a "sell now, you can buy back later" - mostly because in my experience, when it sounds like that is the best option, it's usually the worst option in hindsight later. My view: Things are going to look bad, brace for it, and where opportunities rise because of panic selling, you might be better off on the buying side.

The deal is out, in some way. Not as bad as Trump first posted, but worse than I thought we would do. All US industrial goods to be zero tariff in India? Or "reduced"? They have some cars but most are just too expensive. We do get some intermediate goods. Agri stuff is fine.. none of the core things we want to protect are in the deal apparently Wine and liquor. My understanding is that state taxes are a big factor here, and states will likely raise taxes to equalize if import taxes on foreign made whisky or bourbon is brought down to zero or closer. They talk about making digital trade better, which likely means they won't screw with remittances and we won't specifically tax digital transactions. India will buy $500bn over five years, but some of this will be natural as we get delivery of aircraft, our gpu purchases eetc. Coking coal is in there but we need to diversify from Australia and were anyhow planning this (it's an intermediate product to make crude steel) While 500 bn imports is worrying I think we will end up doing 700bn of exports in goods to the US in that time. No mention of services. Or visas (I would personally love to see them remove that nasty h1-b visa which chains indians to jobs, makes them ask questions like oh "my father just had a heart attack but my h1-b isn't valid if I leave the country so should info", so I'm sure people will hate me but it would be nice to not have that visa at all. (Btw this applies to even worse work visas in Dubai and saudi) No mention of Russian oil from india, though it probably comes anyhow and there is a bigger game here that will likely render this moot. We have a part of a deal. It's something that could last till Monday because you know, Trump. More Specific details will still be needed as the final deal is still not done (this is an interim deal) the 25% additional tariffs go from today, so rates are still 25% not 50%. The 18% should come later I think. It is murky, and while not as sweet as I might have thought it will be, it's still workable. The goal of making in india for india remains, and yes we can compete with whatever industrial thingies they make too. I'm biased because I like bourbon and steak but I don't think they will allow us cheaper imports of those from the US. I want a resident Indian owned global biryani and dosa brand too. But still, a deal is kinda sorta done.

UPI Scheme related incentives have been upped quite a bit! Players will benefit.

STT on futures increased to 0.05% from 0.02% #unionbudget2026

MAT reduced to 14%.Vs now 15% #unionbudget2026

👎 To Tax buybacks as capital gains STT on futures increased #unionbudget2026

Tax holiday till 2047 to any foreign co that provides cloud services globally or data centre is in Indian #unionbudget2026

Claims in motor accident will be exempt of income tax TCS rate on overseas tours reduced to 2% TCS rate on education abroad reduced to 2% #unionbudget2026

Tax payers to update returns after reassessment proceedings have been initiated #unionbudget2026

New Incometax act to come into effect in 2026

Fy26 Fiscal deficit at 4.4% of GDP  FY 27e fiscal deficit of 4.3% of GDP  #UnionBudget2026

Did I hear govt will develop mountain trails, for trekking arent these supposed to be formed naturally? Can we leave the mountains alone pls !!

Govt aims to restructure PFC & REC #UnionBudget2026

Capex for Fy27 12.2lk cr  9% higher than fy26  🙌#UnionBudget2026

FM mentions geriatric care and aligns with investments in healthcare complexes, skill development in geriatric care etc a sign of where large investments maybe required as we head towards an economy with more aged citizens #UnionBudget2026

Focus on services sector for a viksit bharat I was hoping a mention on manufacturing higher focus

Amazon announces $35 billion investment in India reuters.com/business/retai…

Investing for the future! #amazonSmbhav25

We are going to invest $35billion in India in the next 5 years @AmitAgarwal #amazonSmbhav25

@AmitAgarwal amazon is the largest foreign investor in the country And the largest enabler of exports in the country

#viksitIndiakiTAIyari #Amazonsmbhav Things are always changing in India, it is engergising to be India. The future is frequently here first. The future of other parts of the world is distributed here first - Russel Grandinetti SVP international Consumer Amazon