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Investment strategies post budget
Debashis Basu, editor of Moneylife explained implications of changes in Budget proposals on personal finance like EPF, HRA exemptions, dividends, sovereign gold bonds, sector outlook, Indian stock market and global market
 
Moneylife Smartsavers (MSSN) conducted a seminar “Budget & Your Investments” sponsored by Kotak Securities. The event was conducted by Debashis Basu, editor of Moneylife magazine, who has 30 years of experience as an analyst and journalist. Decoding the implications of the budget on investments, he explained implications of changes in Budget proposals related to personal finance (EPF, HRA exemptions, dividends, and sovereign gold bonds), sector outlook, Indian stock market and global market.
 
Explaining rural consumption should pick up, for the market to return to a bullish stride, he explained that budget proposals on different sectors such including roads, FMCG, automobiles, cement, fertilizers and airlines. He said that the proposal of additional loan deduction on housing loan interest to first-time buyers with loan amount less than Rs50,000 will greatly benefit Housing Finance Companies (HFC's). “The proposal to open up the transport sector in the passenger segment is an incredibly major step”, remarked Debashis Basu.
 
On the negative side, Mr Basu explained how the government revenue numbers on disinvestment, spectrum spectrum, direct taxes may not meet the targets. He also pointed out that the even after NPS becoming tax-free to be extent of 40%, it is still not attractive. 
 
 
He threw light upon the correlation between Sensex and EPS growth, and Sensex and price-to-earnings multiple (PE). The historical returns from the benchmark index are a useful to gauge the future returns. He delved into these historical returns and then went on to explain the outlook towards different sectors ranging from financials capital goods. 
 
In the present inter-connected world with money moving across nations, investment analysis would incomplete unless we analyse the global scenario. With the emergence of China as a financial superpower, he decoded the impact of the slowing down of economic activity in China and the commodities meltdown. Mr Basu answered questions from the audience regarding specific companies and the markets in general in the midst of the session. 

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Anish Abdullah

2 months ago

I paid for the video, but i cant access it. what is the problem?

Karnataka government seizes 62 Uber two-wheeler taxis
Bengaluru : The Karnataka government on Friday seized 62 two-wheeler taxis belonging to app-based cab aggregator Uber for violating the Motor Vehicles Act and continuing to operate without requisite permission.
 
"We have seized 62 Uber bikes (two-wheeler taxis, uberMOTO) today (Friday) for operating illegally. We will take stern action against them (Uber) in accordance with the Motor Vehicles Act.," Karnataka Transport Commissioner Rame Gowda told IANS.
 
Gowda pointed out that white number plated uberMOTO two-wheelers do not comply with the rules and the drivers also lack a badge which a commercial vehicle driver should have.
 
The transport commissioner clarified that any commercial vehicle must first make an application to the Road Transport Authority (RTA) in their respective district or area to start business operations.
 
He said a committee including the deputy commissioner of a particular district or area as the chairman, RTO as the secretary and SP or DCP as the member will consider the application and deal with it according to the requirement.
 
"Without doing all these things, it is an illegal operation. Everybody should know what they (Uber) are doing, what business they are doing, how they are conducting," said Gowda.
 
"Let them follow the rules, we are not coming in their way. It should be transparent. If anything goes wrong ultimately who is responsible. It is not fair on their (Uber) part," Gowda told IANS.
 
On being asked if there would be any monetary penalty on Uber, Gowda said the court will decide.
 
According to media reports, Uber's rival Ola stopped its version of two-wheeler taxis Ola Bike which was also confirmed by Gowda leading to only Uber two-wheeler taxis being seized on Friday.
 
Despite several attempts by IANS to elicit the reasons for halting the two-wheeler taxi services and whether it received a notice from the government, Ola did not respond.
 
Interestingly, IANS succeeded in booking and cancelling an Uber two-wheeler taxi from the Bengaluru Press Club near Cubbon Park in the heart of the city.
 
The app confirmed a bike taxi to IANS reporter being operated by one Harish using a Bajaj Platina motorcycle to deliver the service.
 
On being asked if Uber informed the driver that the two-wheeler taxi service he is listed for is currently illegal, Harish, the bike driver said: "Uber did not inform me that the service is illegal."
 
He disconnected the call on being questioned further while Uber did not respond to IANS despite several attempts.
 
Uber and Ola launched pilot on-demand two-wheeler taxi services uberMOTO and Ola Bike, respectively, on March 3. Ola Bike later stopped its services and even removed the option to book a bike taxi on its app.
 
uberMOTO's minimum fare is pegged at Rs.15 per km followed by Rs.3 per km and Re.1 per minute of travel.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Wet and miserable: Rain drenches Sri Sri's extravaganza
New Delhi : Heavy rain played spoilsport at Sri Sri Ravi Shankar's controversial mega cultural festival that began on Friday, with thousands of participants stuck on roads due to traffic snarls and pathways leading to the venue on the Yamuna floodplain turning into mush.
 
As the dusty Yamuna floodplain turned to slush, it made walking virtually impossible and vehicles got stuck. Those who were already inside ran for cover to escape the downpour.
 
Organisers wore a look of concern as the skies darkened over Delhi. The dark clouds along with rolling thunder followed by heavy rains left the organisers, participants and the onlookers drenched and miserable.
 
People were seen covering themselves with plastic sheets. Some others took out brightly coloured umbrellas.
 
"It is slippery. The road leading to the venue has turned marshy. I had to walk carefully," said Anuj Kumar, who had come from north Delhi to attend the cultural jamboree.
 
Policemen and volunteers tried to manage the crowd, but could not control the chaos.
 
As per the forecast of two leading weather agencies, the IMD and Skymet Weather Services, the showers on Friday followed by heavy rain may cause disruptions on Saturday and Sunday as well. The World Culture Festival is being held here from March 11 to 13.
 
These agencies told IANS that rain with thundershowers would continue over the weekend.
 
"Tomorrow (Saturday) and the day after that, there are fair chances that it would rain in the early morning, late afternoon and evening, with strong winds and thundershowers. It may spoil the event," said Mahesh Palawat, director of Skymet, India's only private weather forecasting agency. 
 
The event has already landed in controversy for allegedly flouting the environmental regulations and degrading the ecology of the Yamuna floodplain. 
 
Sri Sri Ravi Shankar's Art of Living Foundation informed the authorities that three lakh people would attend the event. However, in its promotional literature, it had claimed that 35 lakh people would come from 155 countries.
 
The organisers had told the National Green Tribunal that they had spent Rs.25.63 crore for the event. 
 
Traffic snarls also caused hardships to those who had to catch their trains from Hazrat Nizamuddin railway station, which is not very far from the event venue adjoining the busy Delhi-Noida flyway. Many train travellers had to walk more than three kilometres carrying their luggages on their shoulders. 
 
"I had to walk to catch my train to Mumbai and had a tough time because I was not aware that the road to Nizamuddin railway station will be choked," said Sachin Balakrishnan from Mayur Vihar.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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