SMALL INVESTORS FORUM

Can the BBB be successful in Improving health of PSU banks? I have great respect for learned and capable person Sri Vinod Rai who was CAG head a few years ago and who unearthed many high value scams and helped the country in exposing the evil workd of the then ruling party. Now he is given the responsibility to head Bank Board Bureau (BBB) and suggest was to contain bad debts, get rid of capital shortage in PSU banks, how to merge and consolidate PSU banks and also suggest good names for the post of chief of PSU banks. Problems faced by Banks are now new . Burden of stressed assets is heavy . NPA is not creation of a few months or few years but it is even older than a decade in many cases. Banks were caught in inflating profit five to six years ago when it was detected that in order to inflate profits, banks did not make adequate provision even for terminal benefits like pension payable to bank staff on their retirement. Culture of manipulation and fabrication is deep

Another big one.. Two days back, ED arrested one Bhaskar Raman. What's so unique about this man who happens to be a chartered accountant!! In December 2015, during a raid ED found four Wills neatly kept in a locker. These wills were executed by four different persons, Bhaskar Raman, CBN Reddy, Ravi Viswanathan and Padma Viswanathan. All the wills were executed on same date i.e. 19th June 2013. The witness on all wills was one V Murali. Other witness in three of them was CBN Reddy and the balance one Ravi Viswanathan. Apart from above unique facts, there was something strange in all these will. They were divided in two parts. In one part the personal assets like property, jewellery, cash, bank account of executant was bequeathed to spouse and children as it happens normally. Interesting was second part in which the executants bequeathed their shareholding in two companies Advantage Strategic Consultant Pvt Ltd (Advantage) and Kriya FMCG to one girl Aditi daugher of Dr

PNB fraud: Diamond, gold jewellery worth Rs.5,100 crore seized from Nirav Modi premises Nirav Modi's passport revoked, assets seized, look out circular issued, says Union Minister Ravi Shankar Prasad. Union Minister Ravi Shankar Prasad said on Thursday that Punjab National Bank fraud–accused jewellery designer Nirav Modi was not part of the Prime Minister Modi’s delegation at the World Economic Forum in Davos. "He was part of the CII [Confederation of Indian Industry] delegation," he asserted. He said Nirav Modi's passport had been revoked and a Look Out Circular (LOC) issued against him. The Enforcement Directorate has searched premises linked to billionaire jewellery designer Nirav Modi in Mumbai, Delhi and Gujarat today. The agency filed a ₹280-crore money laundering case against Mr. Nirav Modi, his wife Ami, brother Nishal and business partner Mehul Choksi on February 14, following a complaint by PNB. Agency sleuths swooped down on at least 10 premis

Sectoral Analysis of Sugar Sector:- Avoid Sugar Companies for sometime as we are facing over capacity and quite under utilization of capacity. India needs max 25 million tons sugar while it has current capacity of 40 million tons. Moreover, even the cost of sugar manufacturing is too high to make even the export of sugar as unsustainable. Hence, avoid sugar sector itself for sometime now. Pls note the following points:- 1. When the manufacturing cost price of sugar stands at much higher than the sugar prices world over, it hardly matters what's the export duty is and whether it has been reduced or not. Probably a export subsidy, if given, would have helped but it has not been provided. 2. Many factories are actually running at less than 50% of their capacities currently which effectively means less cash for paying the farmers from whom sugarcanes have been procured till now which is going to make things even more difficult. 3. Lack of enough water across tamilna

PNB Fraud Firestone Diamond Company is owned by Nirav Mody and this business account is opened in 2011 at PNB BRADY House branch near hutatma chowk Mumbai . This Firestone Diamond Account Has sanctioned credit limit in few hundred crores having letter of undertaking arrangement with Axis Bank And Two other public sector bank This is not a loan account santioned by top authorities but letter of credit or undertaking by overseas banker is misused by the borrower Ni rav Mody Hand in glove with lower grade Officers in Brady House Mumbai Branch of PNB Without the approval money is remitted in overseas accounts through SWIFT on regular basis in hundreds of crores of rupees which is being withdrawn by cronies of Nirav Mody Such huge remittances exceeds powers of all top authorities including BOD of PNB How Such Huge foreign remittances through SWIFT transaction could happen and go unnoticed is a million dollar question ? It is Fraud committed by borrower having nexus with bankers at w

Does Greed have a limit? -------------------------------------------- Salaried Middle class :- Rs. Nil slab...............2,50,000. Std dedn. 40,000. U/s 80C. 1,50,000. 80CCD. 50,000 80D. 25,000. 80L. 10,000. Section 24. 2,00,000. ---------------------------- Gross. 7,25,000. _(Other benefits like HRA & LTC are over and above these!)_ So, you are not paying any tax on income upto Rs 7.25 lakhs ! On,another Rs.2.5 lakhs, you are paying only Rs12,500 tax@ 5% ! That makes it Rs. 9.75 lakhs! So on first Rs.10 lacs one pays less than 2% tax. Other benefits most of the Middle class families avail! ■ 100% Taxfree dividend income upto Rs10 Lacs ■ 100% Taxfree PPF interest (no cap) ■100% Tax free interest on Tax exempt bonds (no cap) ■100% interest repayment of education loan taken either for self, or for ward..U/s 80E What more do you expect from the government ?

*Hope the dust is settling down after the shocking news on introduction of Long Term Capital Gains Tax on Equity oriented investments in India* *Now think cooly and look around you and what’s the status in other developed and Emerging economies. Every country has varying rates of short/long term capital gains tax. This is nothing new in India. Only for the past few years this was exempted and is reintroduced to part fund Trillions of dollars of funds required to fund all round Infrastructure in the country. Now stop watching the high decibel debates on television channels and focus on your personal agenda of wealth creation. Look at the illustration with moderate projections of returns on investments in the new scenario and stay focused on your cherished objectives.* If you invest Rs.10,00,000/- at 15% p.a. Estimated Returns for a period 10 Years;  Your money will become Rs.40,45,558/-.  Even after paying long term capital gains tax of Rs.3,04,555.80; which is 10% ; you w

*The Pakodanomist's Budget and the Middle Class Bull* Many BJP supporters are slamming the "Anti-middle-class Budget". Congress and Communists will anyway rubbish it. People keep harping about the "Salaried Class" getting nothing while the poor and the Corporates benefiting. I am middle class, I am salaried class and I see no wrong in what the budget wants to do. I am not an Economist but when everyone is acting like one, I believe I too can express what I believe. We are the "most selfish and most stupid" middle class in the world. We bargain with the old lady selling corn to save 5 to 10 rupees and pay 275 rupees for a packet of popcorn in the cinema hall without complaining. Often, they won't return that 5 rupees change and we ignore that. We harass our vegetable vendor and take free toppings of chillies or coriander leaves and then pay through our noses for the toppings on our Pizza in the upmarket restaurant. We want world class

I am not a very big fan of writing serious stuff related to debatable issues like Politics, Religion, Economy etc on Facebook as I believe that it is my personal space meant for sharing a few laughs and life updates with my friends and family. If at all, I ever talk about it, I always crack some joke related to it. On 1st February 2018, Finance Minister presented the General Budget in the Parliament and I, like any other salaried middle class was glued to the television just to listen to the point of my interest, that is, how much tax relief will be given to me this time. The announcement of tax rebate never came. Like all the salaried middle class, I got very angry and vowed not to vote for this government ever again. Slowly, but surely, my anger subsided and then I decided to look for any valid reason due to which they decided this. I had made up the mind to punish them in next elections if I could find that a grave Injustice had been done to me and hence, I did R&D on my o

Lot of Debate all across on Budget. Despite being die Hard follower of BJP & esp Modiji, believe it was overall below average, vote oriented and with short sighted approach to protect vote bank at cost of common men. We don’t expect any reduction in slab or taxes but certainly cannot continue to support mis utilisation of honest tax payment of ours :  1. Why should with increase in custom duty, Cess and LTCG, another scheme of MPS/ Rural Development  be done which will just go to  few corrupt political lobby/administrators . This will help them to fool farmers that scheme is more for rural benefit, attract vote and like other Reform implementation in last two years , will be another fiasco.  2. Why aren’t they charging income tax on agriculturist who declare income of + 5 Lakhs. This will increase tax base and reduce deficit big way. But All of political lobby will be impacted and vote bank will be impacted.  3. Why can’t honest tax payer get some advantage. Why prov

* Budget Special*_ ▫ शेतकरी कल्याणासाठी आमचे सरकार कटिबद्ध, शेतकऱ्यांचे उत्पन्न 2022 पर्यंत दुप्पट करणार ▫ मे 2014 मध्ये मोदी सरकार आल्यानंतर भारतीय अर्थव्यवस्थेने चांगली कामगिरी केली. भारताची अर्थव्यवस्था आता जगातील सातवी मोठी  ▫ तिकीटांसह सर्व कागदपत्रे ऑनलाईन मिळत असल्याने डिजीटल इंडियाकडे कल ▫ 4 कोटी घरांना वीज पुरवण्याचं काम सध्या सुरु आहे ▫ ट्रेनच्या तिकिटांपासून ते इतर महत्त्वाची सगळी कागदपत्र ऑनलाईन उपलब्ध ▫ अर्थव्यवस्थेचा विकास दर 8 टक्क्यांपर्यंत पोहोचण्याची आशा ▫ 470 बाजार समित्या eNAM नेटवर्कने जोडल्या, उर्वरित मार्च 2018 पर्यंत जोडल्या जातील  ▫ फळांचे 3 लाख कोटींचे उत्पादन, 27.5 मिलियन टन अन्नधाऩ्याचे रेकॉर्ड उत्पादन ▫ गरिबांसाठी मोफत डायलेसिस सुविधा ▫ शिक्षणाचा दर्जा सुधारण्यासाठी योग्य सोई पुरवायला राज्यांबरोबर मिळून आम्ही काम करणार ▫ विशेष कृषी उत्पादन मॉडेल विकसित करण्याची गरज आहे  ▫ यावर्षी 27.5 मिलियन टन अन्नधांन्याचं उत्पादन घेण्याचं काम शेतकऱ्यांनी केलं आहे ▫ 470 एपीएमसी बाजारपेठा इंटरनेटने जोडण्यात आल्या आहेत,