Telecom troubles

Telecom sector becomes the theater of the absurd The telecom troubles are far from over and nothing really happened on the 23rd January, which was the deadline for AGR payments. The DOT has asked the courts to be lenient with the telecom firms but the telecom story is gradually becoming a case of the theater…

Fiscal Deficit

Budget 2020 must be transparent about the real fiscal deficit No economist, policy maker or even CEO of an Indian company believes that the government would be able to hold 3.3% fiscal deficit in 2019-20. Some leeway is bound to be there in a year when outlays are growing and inflows have been tepid. But…

Sensex Fall

Why the markets need to take the Sensex fall more seriously The markets started off on a somber note during the week with the Sensex losing nearly 820 points in the first 3 days. The fall was significant for two reasons. Firstly, such sharp falls are not seen in the midst of a pre-budget rally.…

Budget 2020

What are budget expectations of Mutual Funds? Mutual funds have been disappointed over the last two years as there has been little respite in the Budget. This time around, mutual funds will look at parity on a number of areas plus a reversal of some of the recent measures pertaining to capital gains tax and…

Budget 2020

What are the budget expectations for Commodity Markets? The last big change in the Union Budget pertaining to commodity markets was in 2016 when the regulation of commodity markets was brought under the purview of SEBI. Since then, the demands of the commodity markets have been growing but the Budgets have not exactly been in…

Telecom Tangle

Telecom needs a resolution; and it is needed really fast When the RBI requested for a lenient approach to the telecom AGR dues, they were principally worried about the huge exposure that banks had to the telecom sector. With Supreme Court rejecting the curative petition to review the AGR order, it does look like the…

Budget 2020

What are budget expectations on the personal taxation front? The government decision to cut corporate tax rates aggressively in Sep- 19; built huge investor expectations. With an economic slowdown, there is a sharp demand for more tax breaks. Here are five things the government can do in the current context to reduce personal taxes and…

Budget 2020

What are the budget expectations for the equity markets? As a crucial Budget 2020 approaches, the focus of attention is back on the capital markets in general and the equity markets in particular. Equity markets are built on hope and hence the hope is always for a market friendly budget. Specifically, markets will look for…

Iran Effect

Indian markets may be underestimating the Iran effect The drone attack that killed Soleimani, a senior military official of Iran may have much larger repercussions than is being currently envisaged. In the fractured Middle East, this may appear to be a normal event but it is the first time that the American drones have directly…

Intraday Trading

Will the new SEBI margin rules hit intraday trading in India? The recent restrictions imposed by SEBI on leverage in equity and F&O is likely to be a dampener for volumes on the intraday trading front. But in the longer run, it may actually end up beneficial to the markets. Big intraday question In the…