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Nifty slides with second biggest loss of the year as geo political tensions turns sentiments bearish for traders across globe. A week that started with a smaller consolidations and a tight range of trading finally paved the way for bears as it breached below 10K mark. A bearish engulfing pattern clearly indicates the strength as it engulfed the previous week gains as well and mandates the short term trend to be weaker.
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.
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.
After two days of opposing excuse, decreasing stock prices and worldwide shock, United Airlines entered brutal mode. when its chief executive announced on Tuesday afternoon an in-house inquiry into a scene containing a man who was violently dragged out from a plane so a crew member could have a seat.
Oscar Munoz United chief executive spoke in a statement. “I am upset by what happened on board with the passenger, I apologize sadly to the customer forcibly dragged out of a plane and to all the customers aboard. No one should ever be mistreated this way.” – Then why you treat them brutally?
Ceo of United airlines also said “We are going to repair what’s damaged so this never take effect again ever,” Munoz said, encouraging a civil report by April 30 on an audit into United’s interest with law administration, its approach on giving seats to a staff member and overbooking.
This was the latest statement attempt from the airline to lessen a public relationship dilemma, which inaugurates when a now-suspended security officer brutally assaulted a man out of his seat on Sunday, lead to the man’s face to hit an armrest, and dragged him back to the terminal at Chicago’s O’Hare International Airport.
United spokesman endorsed off the company’s original claims that the flight was “overbooked” — rather than disturb at the last minute to removal off-duty crew. Said by mediator earlier Tuesday
Munoz’s Tuesday teatime justification hit after a letter he sent to United employees turned into the public. In it, he guarded the flight crew’s behavior on the Louisville-bound plane.
And it showed up as universal shock sent United’s stock price falling, as depressing videos of the brutal assault went viral worldwide.
In China, Many people are now echoing calls for boycott in the United States. Many people have read or shared the report of that passenger dragged off the flight and also claimed that he was targeted for being Chinese.
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