Renuka Jain

July 5,2019 marks the first budget to be presented by current government after resounding victory in elections in May 2019.  I must congratulate Narendra Modi Sir and Arun Jaitley Sir for brilliantly managing fiscal deficit as well as inflation over past 5 years. Although in last budget not much tax relief was given to middle class by way of tax cuts.. However  one has to understand that low inflation, low interest rates and Health schemes like Ayushman  Bharat directly benefit middle class. Goods and Services tax has brought down prices of various daily need goods.  But in a country where direct benefit is more applauded than long term benefits Finance Minister Madam Nirmala Sitharaman must announce sops for middle class as an award for being honest tax payers.   My few suggestions as a common citizen for this budget are as under: 1 Raise LT Cap Gains exemption to Rs 20 L from 1 L Long term capital gains at 10% post one y...

Swanand Kelkar is Managing Director at Morgan Stanley Investment Management. Markets In 2018: Not A Year For Doubling Down Simhavalokana is a Sanskrit term to denote the retrospective gaze of a lion. It is said that as the lion traverses some distance in the jungle, he looks back to examine the path he chose and how he covered that distance. It is that time of the year again when things thankfully begin to slow down. Many times this tumultuous year, I have daydreamed of the serenity that the second half of December brings and wished it would come sooner. From trade wars to crude price volatility to liquidity squeezes, this year was a handful, making investors feel like Kareena Kapoor in Jab We Met* when during a very eventful night she says “Please Babaji ab to hadd paar ho chuki hai, ab iss raat mein koi excitement mat dena, boring bana do ji ab iss raat ko please”. Naturally, a year like 2018 packs in a lot of learning, some timely reminders of old truths and some new...

We all appreciate the hard work put in by Prime Minister Narendra Modi. I am blessed to be followed by him.and appreciate he acknowledges my advice always  I always try and speak with people on ground and judge the mood. Also as a Finance professional I can understand the brilliant economic steps well balanced by control of fiscal deficit. I understand that in current budget Mr Arun Jaitley had to walk on tight rope of deficit and tax exemptions.Now the high crude prices and MSP is also another worry and may work against government goal of fiscal prudence  Although GST collections on monthly basis is around 96000 crores, government shall need around 1.03 lac crores in next 8 months to keep fiscal deficit under check  The collections may experience some setback with revision in rates.  It is not easy to change the mindset of many who spend on luxury items from dealers and do not go for invoice to save GST.  I understand that the governme...

Last evening as I finished my workout saw a message on my mobile “ Please don’t message anything as I am on leave and my wife might see them” The message was from one of my investors whom I send all Market updates or sometimes light jokes. He is one of the many in my group of investors. Surprised by the message I called him and asked what was it all about ? He replied” Look my wife doesn’t like any sort of messages from any woman and I want peace in life”. Going by his reply I removed him from the group and started driving back home. Many thoughts started to cross my mind. “ Is he a caged parrot? Why is his wife so insecure? Does marriage means you lose your own identity? You only are a husband or a wife ?” Later at night going into my past I realised “ oh even I was same. How my hubby would have coped up with me all those years?” Yes years back I would want the details of all he did throughout the day. Whom did he meet? Where did he go? Checking his mobile always for i...

 Blog courtesy Geert Wilders This blog specially dedicated to leaders like Mamta Banerjee and Human Rights fake organisations You must be having lot of complaints against Mr Narendra Modi( Although long term you will realise how good these changes are) you cannot deny what will happen to India if we have Rahul or Arvind Kejriwal in majority. We will be another Islamic state WHAT IS TRUE FOR EUROPE IS VERY MUCH SO FOR INDIA, and the other way around too, as EU was made to be like the INDian Union, and they are 2 generations behind us but interestingly they are on par with us their current experiences of what home grown & imported ‘’Semitic – monotheistic – fundamentalist – absolutist – ideology -monochrome – dogmatic – religious & religions’’ do over a period. In a generation or two, the US will ask itself: "Who lost Europe?" Here is the speech of Geert Wilders, Chairman, Party for Freedom the Netherlands, at the Four Seasons in New York, introducing an Allian...