Stock Market

28Jun

What will be the impact of GST on the stock market

 

Any changes in government policy create an effect on the Indian economy as well. It affects global market and business sector also.Our government initiated a bill called GST, taxes such as VAT, excise duty, octroi tax, service tax and other indirect tax will be replaced by a single tax which is GST.

Let’s take a short overview what is GST –

GST- full form is Goods and Service Tax which is scheduled to launch in July 2017.It is an indirect tax levied by central and state government. GST will be levied on every transaction such as sale, purchase, transfer, and import of any goods and services.It will replace all other indirect tax such as VAT, service tax, and excise duty etc.It is a value added tax, It will be levied on the taxable amount of transaction.

To know more about how it will effect on the stock market, traders can get suggestions from stock tips experts, they have better knowledge about market conditions and they can provide the best guidance to people interested in share market.

What is the benefit of GST

1.GST will improve the way of doing business in India because various entry barriers will eliminate after GST bill.This new system will also improve the revenue of central and state government of India.

2.It will remove corruption from the country as everyone has to pay a specific taxable amount while doing a transaction of any goods and service.

3.It will remove paper burden because all system will go to convert digital.It will also improve work efficiency and performance of people.

4.It will bring uniformity as tax rate will be same in everywhere.It will provide a single identity to Indian country.

5.It will simplify the process of levying tax because the previous tax will be replaced by GST.

Disadvantages –

1.It will increase prices because of higher interest rates.Expected interest rate is 5%, 12%, 18% and 28%.

2.The Higher tax burden on small manufacture unit, under GST manufacturer having turnover more than 20 Lakh will have to pay tax.

3.Change in tax calculation structure – Initially, we will have to face the struggle in calculating GST as all process will change after implementation.

4.It will increase operating cost for business as new Gst system requires professional assistance.It will affect to small traders.

Effect on the Stock market?

Implementations of GST is expected to reduce the cost of logistics as govt will not take octroi tax separately it will reduce the cost of transportation as well. GST will improve the way of trading in stock market, it will simplify tax structure and make the supply chain more efficient and convenient.GST will boost earning of companies logistic, manufacturing and transportation sectors.It will boost transportation process as GST eliminate various checkpoints.It is best of companies facing multiple levies on transactions.

If GST bill passed in India successfully, it will be beneficial for the stock market as it will send a positive message to the foreign investor. Our country will represent as a better policy maker in front of the foreign market, and then it will lead foreign investor to make an investment in the Indian stock market.It will boost our economy as well as the reputation of the Indian country.

18Apr

Yogi Adityanath has completed one month as CM: See what he has done for the people

 

Yogi Adityanath has completed 30 days from the date he took oath as the Chief Minister of Uttar Pradesh. His tenure of 30 days so far has been surprising like the news of his surprise nomination as the Chief Minister of Uttar Pradesh. A surprise is something that may have amazed even his most passionate critics. Now it has become very clear that the Yogi was not the first choice as the CM of India’s largest state for Prime Minister Narendra Modi. Manoj shah was Union Minister. But Narendra Modi couldn’t say no to the majority of newly elected BJP MLAs in Uttar Pradesh who reunited behind Yogi.

The support of MLAs for Yogi also brought his captivating appeal on BJP core as well as common electors of the state to a leading position. Yogi keeps on surprising the people during this tenure of 30 days and also make them believe in BJP’s pre-election promise of ‘sabka saath, sabka vikas ( everyone’s support, everyone’s development) but appeasement of none’.

Let’s take a look at some of the big decisions taken by Yogi government for the benefit of the people of the state. And the decisions made by Yogi have apparently proved Yogi-baiters wrong, but still, the state has a long way to go to realize the full potential of the decisions taken in the last 30 days.

Janata Durbar: Break from the past, accessible CM, quick action on complaints:

He is holding Janata Durbar at his Lucknow residence twice a week. Yogi Adityanath has opened his doors for common people of the state. Yogi himself listens to problems of people in Janata Durbarand give necessary instructions to officials for immediate redressal of the same.

Bad days for Mafia:

Yogi government has announced a crackdown on mafia of all kind. And the agenda is the action against the land and mining mafia of the state.

Good days for farmers: Farm loan waiver

Yogi has announced several important measures for the farmer, such as farm loan waiver of up to Rs 1 lakh each for over 2 crore farmers, wheat, and potato procurement at MSP, an instruction to sugar mill owners to clear dues of sugarcane farmers.

Ban on cow smuggling, illegal slaughter houses

He launched a crackdown on illegal slaughterhouses operating in the state and also announced a ban on cow smuggling.

Crime control, women safety, anti-Romeo squad

UP police have started anti-Romeo squads to take on the eve teasers. Besides, the Yogi government has also instructed the police to take all measures to stop crime in Uttar Pradesh.

There are many other important decisions he took for the welfare of people, like End of triple talaq on agenda, Marriage of poor Muslim girls, modernisation of madrassas, Gomti riverfront development, probe of scam, Cleanliness in government offices, state, Action against lazy public servants, Crackdown on government doctors who do private practice and School reforms.

This is not it there are much which Yogi has announced and so many are on the to come.

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15Apr

Gold firms are up to near 30,000 and silver regains 43,000 level

The Gold prices rose by Rs 100 to Rs 29,950 per 10 grams for the fourth straight session on Friday i.e, 14th April’17 at the bullion market because the jewelers and a firm trend overseas keeps on buying gold. At the same time, Silver also regained the Rs 43,000 per kg by gaining Rs 100 on the back of increased offtake by industrial units and coin makers.

In traders view the opinion remained substantial largely in line with positive global indication and the local jewelers will be continued to buy the Gold in order to meet wedding season demand at domestic spot market. It’s the time to invest in Gold and take Gold tips from the top advisory.All over the World, the gold rose by 0.09 percent to USD 1,287.80 an ounce and the silver by 0.33 per cent to USD 18.52 an ounce in New York in yesterday’s trade. Moreover, the gold of 99.9 percent and 99.5 percent purity rose further by Rs 100 each to Rs 29,950 and Rs 29,800 per 10 grams, respectively in the national capital. Gold had gained Rs 560 in the previous three days.All over the World, the gold rose by 0.09 percent to USD 1,287.80 an ounce and the silver by 0.33 per cent to USD 18.52 an ounce in New York in yesterday’s trade. Moreover, the gold of 99.9 percent and 99.5 percent purity rose further by Rs 100 each to Rs 29,950 and Rs 29,800 per 10 grams, respectively in the national capital. Gold had gained Rs 560 in the previous three days.

Excellent, however, remained flat at Rs 24,500 per piece of eight grams. The silver position also lifted up by Rs 100 to Rs 43,000 per kg and its weekly-based delivery Rs 120 to Rs 42,570 per kg. And at a previous level of Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces of silver coins are continued to be traded.

14Apr

Pm Modi has announced, Women don’t need to change their names in passport after marriage anymore.

PM Modi has a good news for newly married couples, who are planning a tour outside the country but are stuck up in the case of renewing wife’s name on their passports. Women are free to retain their introductory names in their passports now, after their marriage also.

Women won’t have to switch their names in the passport after their marriage, “ Pm Modi told a gathering of the Indian Merchants Chambers” ladies wing over a video conferencing.

The authority wants the woman of the house to be the preference in all of its advancement blueprint, he added.

Mentioning different women-align proposal begun by the government, the Prime Minister said the motherhood leave for the women has been extended now to 26 weeks from the current 12 weeks while addition proposal brings for the transfer of Rs 6,000 to women, who choose to deliver in hospitals.

On the complementary heating gas circulation deal launched last year under the Ujjawala scheme, Prime minister said, “The government has set a mark of housing as many as 5 crore population from below poverty line families over the next two years. The scheme has already favored 2 crores, women.”

In subsidy surrender campaign of LPG, 1.2 crore people have deliberately given up their asset, he said.

Admiring women for their ambitious spirit, Modi said whenever women are given an event, they have proven that they are advanced from the men.

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