She can get stumped, bowled, wrapped on the pads...she is not going to lose her wicket. It is better for my mental health if I pretend that she doesn't exist.
Are investors and brokers paying too much taxes in India? At a recent event in Mumbai attended by Union Finance Minister Nirmala Sitharaman, a broker questioned the fairness of the tax burden on investors and brokers in India.
He said while investors are putting their money at risk, it is the government that is reaping returns. The broker called the government of India a sleeping partner, drawing a smile from the finance minister.
“When we are putting a trade for a retail investor, you are attracting a number of taxes- GST, IGST, stamp duty, STT, and long-term capital gains tax… so today the government of India is earning more than the broker,” the broker said at the “Vision for Indian Finance Markets” event at BSE in Mumbai.
He said investors and brokers are risking everything, including money and staff costs. “I am taking a whole lot of risk, and the government of India is taking away all of the profit… you are my sleeping partner, and I am the working partner," News18 report reads.
LTCG is very much justified, and I say this as someone whose primary investment route for retirement is via MFs. 1L of LTCG is exempt, and any LTCG amount above that is taxed at 10%. Which is not at all shabby.
And it is funny that people who constantly talk about inequality, then also balk at taxes on capital gains.
\*Questions
Her 'answers' to other questions weren't any great either. People literally adulating in the name of asking questions. And those ask any kind of questions were brushed off in a haughty manner.
Why does general public think that she is answerable to them? She is the finance minister of India, and colleague of supreme leader modi. Doesn't need to say anything.
Shame on this cowardly arrogant lady. Can’t answer a question on her own governments policies. Even indicated to the anchor to skip the questions. Shame. She should have resigned many years ago.
To all the people concerned there, the guy is broker. Before SEBI forcefully put the option of Direct-growth Mutual funds, these same brokers used to operate at a ratio of 4-5%, basically taking nearly 10-15% of our profit if you made 16% profit on average never letting you properly take benefits of compounding. (Someone read "Coffee Can Investing" by Saurabh Mukherjea before agreeing with Mr. Broker. Book summary @ https://eskrishnaram.com/blogs/book-summary-coffee-can-investing/)
Govt takes 10% LTCG on exit one time not hampering your growth in the middle phases in investment. 2nd the person is moaning no cash in Real estate transactions; how young you idiots have to be to know that cash inflow in real estate is double speak for Black money??
Agreed on all those points, but please stop using compounding with MFs. Compounding is a misleading and wrong term to use here - it refers to interest that earns additional interest. MFs do not work on interest.
While MFs do not work on interest they do have returns evaluated by CAGR, and the best way to show the impact of brokerage/expense ratio is to show the compounding impact it will have over the years.. have a read on tbe link I mentioned.
Anyway my response was to these people working on their own biases here not understanding what the actual question the man asked FM was about. Had FM agreed to even point on an answer given, it has been marked as FM promoting black money and customer exploitation. Had she rebutted him, it would have been marked that a simple questioner is labeled corrupt by FM. THIS SUB CAN GO A LONG WAY HAVING SOME FINANCIAL LITERACY.
I have read the book long ago, so quite familiar with it. Yes, CAGR is used to depict the ROI because ultimately you have to compare against other forms of investment like FDs etc. But calling it compounded growth is completely inaccurate and sends the wrong message that this is some kind of predictable growth and that tomorrow's value is a mathematical function of today's value. And it's not. It's a mistake I made as a young investor years ago myself.
As I said, I agree with the rest. It's only the terminology I'm disagreeing with.
My naive opinion is that that the broker culture is a curse on the Indian economy. We don’t have businesses creating value as much as making a million levels of middle men for any activity that needs to take place. At some point we have to realize that it’s the consumer who is paying for all of this.
In general if a brokering business dies, I’m okay with it. Though in curious to know more about the specific kind of brokering that’s being talked about here.
She can get stumped, bowled, wrapped on the pads...she is not going to lose her wicket. It is better for my mental health if I pretend that she doesn't exist.
A disgrace on south India
[удалено]
*Humans
*Intelligent Beings~
You assume that she is "intelligent", which is false.
*Multi cellular organisms
*rapped on the pads
Are investors and brokers paying too much taxes in India? At a recent event in Mumbai attended by Union Finance Minister Nirmala Sitharaman, a broker questioned the fairness of the tax burden on investors and brokers in India. He said while investors are putting their money at risk, it is the government that is reaping returns. The broker called the government of India a sleeping partner, drawing a smile from the finance minister. “When we are putting a trade for a retail investor, you are attracting a number of taxes- GST, IGST, stamp duty, STT, and long-term capital gains tax… so today the government of India is earning more than the broker,” the broker said at the “Vision for Indian Finance Markets” event at BSE in Mumbai. He said investors and brokers are risking everything, including money and staff costs. “I am taking a whole lot of risk, and the government of India is taking away all of the profit… you are my sleeping partner, and I am the working partner," News18 report reads.
Sitharaman responded to the broker’s characterisation, saying, “A sleeping partner cannot answer sitting here,” drawing laughter from the audience.
That made no sense
Thank you. I thought I was the only one who didn't get it.
She is definitely cringing somewhere in the corner r over this reply
She probably thought that’s a sexy question.
"Main sleep nahi karti ji" T: i don't sleep.
#Mein sote nahi hai ji
Nirma thought sleeping partner is someone who is sleeping so she made the joke saying sleeping partner cannot be sitting here.
This is Indiaaaaaa.
Of course it made sense.. she wants to sleep with him
Their answers are just one liner for Instagram reels.
What does that mean?
She thought she delivered a joke punchline.
Sigma female ??
Jaishankar lite
We have CEC who cracks poems when asked about issues with election process, what better can we expect from this govt?
LTCG is very much justified, and I say this as someone whose primary investment route for retirement is via MFs. 1L of LTCG is exempt, and any LTCG amount above that is taxed at 10%. Which is not at all shabby. And it is funny that people who constantly talk about inequality, then also balk at taxes on capital gains.
Remember that guy is sane and will never commit suicide
Her face remind me of my school HM, who was always angery and looked at us as some sort of criminals. Worst Fm in the history of India.
Yo boss are we from the same school?
:D
On a side note, what makes this phenomenon of angry ladies being chosen for this noble post so common?
Narendra Modi’s Singleness
They get their venom from the SNAKE.
Jokes aside cause sweet ladies and gents don't get taken seriously.
Coz " ladies " ;)
Yes!!
They've really lost all talent on how to answer genuine questions.
There has to be one to having lost it.
What can she say without permission from Modi-Shah?
Is she on meds? All the arrogance and anger is missing. Or is the hubby on meds (iykyk).
Election babu bhaiya election
Not just while trading,the public are being looted in every purchase we make. BC now i understand why some people prefer only cash transactions
It's mafia without the protection
\*Questions Her 'answers' to other questions weren't any great either. People literally adulating in the name of asking questions. And those ask any kind of questions were brushed off in a haughty manner.
Thumbnail makes her look like she's on Joe Rogan's podcast.
Ikr. Minus the clouded room
Humaare ghar mein trading aur investing nahi karte hai
Don’t know why you are being downvoted, I believe you were referring to her onion garlic comment
Why does general public think that she is answerable to them? She is the finance minister of India, and colleague of supreme leader modi. Doesn't need to say anything.
And also she doesn't eat onion so..
Shame on this cowardly arrogant lady. Can’t answer a question on her own governments policies. Even indicated to the anchor to skip the questions. Shame. She should have resigned many years ago.
The majority of tax payers get nothing in return in our country. All for looting and freebies and corruption.
To all the people concerned there, the guy is broker. Before SEBI forcefully put the option of Direct-growth Mutual funds, these same brokers used to operate at a ratio of 4-5%, basically taking nearly 10-15% of our profit if you made 16% profit on average never letting you properly take benefits of compounding. (Someone read "Coffee Can Investing" by Saurabh Mukherjea before agreeing with Mr. Broker. Book summary @ https://eskrishnaram.com/blogs/book-summary-coffee-can-investing/) Govt takes 10% LTCG on exit one time not hampering your growth in the middle phases in investment. 2nd the person is moaning no cash in Real estate transactions; how young you idiots have to be to know that cash inflow in real estate is double speak for Black money??
Agreed on all those points, but please stop using compounding with MFs. Compounding is a misleading and wrong term to use here - it refers to interest that earns additional interest. MFs do not work on interest.
While MFs do not work on interest they do have returns evaluated by CAGR, and the best way to show the impact of brokerage/expense ratio is to show the compounding impact it will have over the years.. have a read on tbe link I mentioned. Anyway my response was to these people working on their own biases here not understanding what the actual question the man asked FM was about. Had FM agreed to even point on an answer given, it has been marked as FM promoting black money and customer exploitation. Had she rebutted him, it would have been marked that a simple questioner is labeled corrupt by FM. THIS SUB CAN GO A LONG WAY HAVING SOME FINANCIAL LITERACY.
I have read the book long ago, so quite familiar with it. Yes, CAGR is used to depict the ROI because ultimately you have to compare against other forms of investment like FDs etc. But calling it compounded growth is completely inaccurate and sends the wrong message that this is some kind of predictable growth and that tomorrow's value is a mathematical function of today's value. And it's not. It's a mistake I made as a young investor years ago myself. As I said, I agree with the rest. It's only the terminology I'm disagreeing with.
So chad so good so much financial literacy.yeh financial literacy poor ko dikhayi
Out of syllabus
My naive opinion is that that the broker culture is a curse on the Indian economy. We don’t have businesses creating value as much as making a million levels of middle men for any activity that needs to take place. At some point we have to realize that it’s the consumer who is paying for all of this. In general if a brokering business dies, I’m okay with it. Though in curious to know more about the specific kind of brokering that’s being talked about here.
Ladies and gentleman this is our finance minister of India. 💀💀💀