Budget Highlights 2015-2016

Budget highlights :

-The latest CPI inflation is 5.1 % and whole sale price inflation is negative

-Current Account Deficit For FY15 To Be Below 1.3% Of GDP

-Embraced States As Equal Partners Of Growth

-Union Budget 2015-16 GST To Be In Place By April 1 2016

-Union Budget 2015-16 12.5 Cr Families A Part Of Jan-Dhan Yojana Already 

-Economy set to grow in double-digits in coming days 

-GDP growth will accelerate to 7.4 per cent

-We will achieve the target of 6 crore toilets in India

-3 achievements of Govt: #JanDhanYojana, Coal auctions and #SwachhBharat

-Our objective is to keep inflation below 6 per cent & work towards substantial reduction of poverty

-JAM Trinity- #JanDhan, #Aadhaar Mobile & GST are game changing reforms

-TO MEET FISCAL DEFICIT OF 4.1% IN FY15

-Will Need To Build Additional 1 Lk km Of Roads

-To make India a manufacturing hub and support starups. Youth need to be from job seekers to job creators

-To See 6 Cr Units Of Rural & Urban Housing By 2020 

-GDP SEEN AT 8-8.5% IN FY16

-Agriculture incomes are under stress; public investment needs to step in to catalyse investment

-TO ACHIEVE 3.6% FISCAL DEFICIT IN FY17

-TO ACHIEVE 3% FISCAL DEFICIT IN 3 YEARS

-TO MEET FISCAL DEFICIT OF 4.1% IN FY15

-Transfer To States To Be 62% Of Total Receipts

-To Allocate Rs 5,300 Cr For Micro-irrigation

-Direct Transfer Of Benefits To Be Further Expanded

-To Look At Divestment Of Strategic & Non-strategic Cos

-To Allocate Rs.20,000 Cr For Mudra Bank For SMEs

-Committed To Rationalising Subsidies 

-Target of 8.5 lakh crore of credit for agricultural sector

-To Allocate Rs 25,000 Cr For Rural Infrastructure

-FM says expect CPI to remain near 5% by year-end, have concluded monetary policy agmt with RBI 

-To Bring In Comprehensive Bankruptcy Code

-PROPOSE Rs 1.25 LK CR PUBLIC INVESTMENT FOR FY16 

-To Allocate Rs 34,699 Cr For MNREGA

-To create senior citizens welfare fund via unclaimed PPFs

-proposes to give Rs. 2 lakh accidental insurance to the poor for a monthly premium of Re. 1

-Atal Pension plan launched; aimed at Indians above 60

-To utilize vast postal network for banking venture

-PM Surakhsha Bhima Yojana to increase the access to insurance

-Will launch Atal pension Yojna. Govt will contribute 50% towards the scheme

-Tax free infrastructure bonds for projects in Railways and roads: Finance Minister

-To Allocate Rs 1,000 Cr For Support To Start-ups

-NBFCs With Size Of Over Rs 500 Cr Will Get Access To SARFAESI

-Investment in Infrastructure to go up by 70,000 crores in 2015-16 over 2014-15.

-5 Ultra mega power projects announced

-Public sector ports will be converted to companies, once PPP model is tweaked.

-To allocate 1000 cr to enable IT start ups

-2nd unit of Kudankulam nuclear power station to be commissioned in 2015/16

-FMC to be merged in SEBI, long intended now implemented

-To Set Up Public Debt Management Agency

-Bring Bond Market as world Class Equity Market 

-Will set up 5 UMPPs in the pug-and-play mode

-FM to put in place direct tax regime

-Sovreign Gold Bond Alternative to Gold

-New gold monetization scheme

-To Amend Section 6 Of FEMA To Control Capital Flows 

-We plan to introduce direct tax regime that is internationally competitive on rates without exemptions

-To Incentivise Credit, Debit Card Transactions

-Indian gold coins with Ashok chakra on its face to be launched

-Gold monetization scheme to allow depositors to earn interest

-Gold monetisation scheme to replace deposit and metal loans

-Employees can opt for EPF or new pension fund; for employees below certain threshold EPF should be optional from his side

-#FPI and #FDI will not be differentiated:

-To support heritage sites, Churches Goa, Hampi, Elephanta in Mumbai, Sarnath, Jallianwalla Bag

-To introduce Indian made gold coin to reduce demand for foreign gold coins

-PROPOSE TO ALLOW FOREIGN INVESTMENT IN ALTERNATIVE INVESTMENT FUNDS

-After success of visas on arrival in 43 countries,I propose to increase the countries covered under this scheme to 150

- To Allocate Rs 75 Cr For Electric Vehicles

-To Introduce Regulatory Reform Law For Infrastructure

-Renewable energy target revised to 1,75,000 MW

-IIMs to be setup in J&K and Andhra Pradesh 

-IIT in Karnataka

- AIIMS to be set-up in J&K, Punjab, Tamil Nadu, Himachal Pradesh and Assam

-To set up educational loan scheme for higher education

-Bank Board Bureau An Interim Step In Forming A Bank Holding Co

-To Set Up Autonomous Bank Board Bureau For Selecting Bk Executives

-To allocate Rs 10,351 cr for Women and Child Development

-To set up holding investment company for #PSU banks

-National Skill Mission to be launched, to develop employability of youth, especially below 25 years of age

-ALLOCATE Rs 2.46 LK CR FOR DEFENCE IN FY16

- Earmarking Rs 1,200 Cr For DMIC Projects

-Allocate Rs 33,150 Cr Towards Healthcare

-TOTAL EXPENDITURE AT Rs.17.77 LK CR IN FY16

-PLAN SPEND AT Rs 4.65 LK CR FOR FY16 

-NON-PLAN SPEND AT Rs 13.12 LK CR FOR FY16

-GROSS TAX RECEIPTS AT Rs 14.49 LK CR

-reduce rate of corporate tax from 30% to 25% over next four years

-TO RATIONALISE & REMOVE EXEMPTIONS FOR CORPORATES

-Exemptions For Individual Tax Players To Continue

-To Enact New Law For Black Money 

-Concealment of income will attract 10 yrs of rigorous imprisonment

-Stringent penalties and jail for Black Money holders and evaders

-Benami property transaction bill to tackle black money transaction in real estate soon

-Foreign Exchange Management Act To Allow For Seizure Of Foreign Assets

-FEMA Act to be amended to incorporate Black Money provisions: Finance Minister

-To Allow Tax Pass-through For Alternative Investment Funds 

-To Tighten Reporting Of Cash Transactions

-To Have Benami Transaction Prohibition Bill For Domestic Black Money 

-Quoting PAN a must for all purchases above One Lakh

-proposes to rationalise capital gains tax regime for real estate investment trusts

-TO DEFER GAAR BY 2 YEARS

-Tax pass through to be allowed in alternative investment funds to boost small firms, startups

-Propose To Rationalise Capital Gains Regime For REITs/InvITs

-TO REDUCE CUSTOMS DUTY ON 22 ITEMS 

-Rental Income from REITS to have pass through facility

-Income Tax On Royalty Fees For Technical Reduced To 10%

-TO ABOLISH WEATH TAX; 2% ADDL SURCHARGE ON SUPER-RICH

-Reduced taxes on Technical Services to 10% from 25%

Retrospective tax provisions will be avoided

-Tax dept to put out a clarification on indirect transfer of assets and dividend paid by foreign firms

-TO INCREASE EXCISE DUTY TO 12.5%

-Propose To Exempt SAD On All Items

-TO HAVE 100% TAX DEDUCTION FOR SWACHH BHARAT & CLEAN GANGA

-Service tax will be increased to 14%

-Excise duty on leather upper shoes cut to 6%

-Health Insurance Premium rebate up to 25,000 instead of 15,000

-Senior citizens health insurance incr from 20k to 30k

-Super senior citizens - 30k deduction on expenses

-Additional deduction of 50k in NPS

-Rs. 80,000 deduction for serious diseases for senior citizens

-NPS 1 lakh limit revised to 1.5 lakh

-Transport allowance doubled to 1,600/month from 800/month

-clean energy cess increased from 100 to  200 Rupees per metric ton of coal to finance Green Energy Fund

-Service Tax exemption for Varishta Bima Yojana

-Sukanya Samrithi Scheme : Interest on Deposit will be fully exempted from TAX

-An individual tax payer can now get exemptions up to Rs 4.4 lakh

-Yoga institutes to get charitable status.

-Service Tax Exemption Extended To Pre-cold Storage Warehousing

Railway Budget 2015-2016

Highlights of Railway Budget for 2015-16

FARES, FREIGHT

* Emphasis on gauge conversion over next 5 yrs

* Must run fast trains like Rajdhani, Shatabdi

* To up track length by 20% to 138,000 km next 5 years

* Must substantially regain freight mkt share

* No hike in passenger fares

 

HYGIENE BOOST

* To have professional agencies for railways cleaning

* Ensuring higher standards of cleanliness a priority

* Swachh Rail to be a driving force

* To create new dept for clean stations, trains

 

MISCELLANEOUS

* 1,219 sections on high density network

* Railway is a unique integrator of India

* Investment in railways to create more jobs

* Under-investment led to reduced efficiencies

* Capacity augmentation suffered over the years

* Railway facilities have not improved in last few decades

* Minister: Cycle of poor invest in railways must end

* Minister Prabhu begins FY16 Rail Budget speech in Lok Sabha

* Aim to make rail a safer means of travel

* Need tighter control on costs

* Freight carrying capacity to be raised to 1.5 bln tn

* Aim to make rail financially self sustainable

* Railway an integral part of PM's flagship programmes

* Launching steps to systematically address customer grievances

* Working on feasible views of over 20,000 in social media

* Aim to modernise rail infra

* We have prepared a forward-looking agenda

* Legacy of past decades to take some time to neutralise

* Must make freight transport reliable, comfortable

* Minister: Railways has to transform in next five years

* Convinced can deliver on promises of efficient railways

* Focus on doubling, tripling existing high-density network

* Next 5 yrs' priority to up capacity in high density network

* 492 sections on high density network at over 100% capacity

* To set standards for governance, transparency

* Need to make changes to speed up operational efficiency

* Pension funds have shown interest in investing in railways

* Need to revamp management practices

* Railway FY16 operating ratio seen 88.5%

* To partner with PSUs to transport coal, iron, cement

* Tie up with multilateral, bilateral bodies for overseas tech

* Railway invest to need multiple sources of funding

* Will partner with pvt sector to modernise stations' infra

* To partner with multilateral agencies for fund access

* Railway envisages 8.5 trln rupee invest in 5 yrs

* To partner with PSUs to build capacity for freight movement

* Railway to partner pvt sector for last mile connectivity

* States can raise finance through SPVs

* This budget part of trilogy of vision to improve railways

* Improvement of connectivity an imperative

* Vision 2030 document later this year

* Aim 30 mln daily passenger carrying capacity in next 5 yrs

* Railway Budget proposals be seen as part of 5-yr plan

* Aim to invest on ongoing basis in depreciating assets

* Sustained, measurable improvement in travel experience a goal

* Need material improvement in operating capacity.

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How To Trade The Biggest Bubble Ever: Citigroup Explains

Now that 2015 is set to be the year with the greatest amount of central bank intervention which means there is virtually no supply of securities to buy, as a result existing securities will keep getting bid up like "a hot potato" pushing existing P/E multiples to obscene levels...

... the topic of whether or not this is the world's biggest asset bubble has become moot, and even such bastions of credible, "non-fringe" though as Citigroup no longer pretend that the S&P at 2100 is anything but the biggest, and final as its existience is contingent on the credibility of central banks themselves, asset bubble.

As Citi's Matt King, notes, we now live in a world of:

But...

Or summarized:

However, to loosely quote Chuck Prince, the central bank music may be getting fainter, but it is still playing so the dancing must continue until the bitter end.

So how should one, according to Citi, trade the biggesst equity bubble of all time? Here is Citi's take:

 

Confused? Don't worry, just call your nearest Citigroup sales rep. Don't have one? Then here is King's reco for everone else:

 

And...

 

 

But the best news for everyone sick and tired of the most ridiculous experiment in central-planning and market manipulation in history:

Jeera (Cumin seed)

JEERA (CUMIN SEED)

Buy Ncdex april jeera @ 15600-15250-14950

target 16000-16400-17000

Stoploss: 14650 (close only)

Crude Update

Hope You'll enjoyed the rise of crude oil...

Continue on buying side Modify your stoploss to 3000 on close only.

ENJOY!!!

5 factors that will drive e-commerce growth.

From relative obscurity to a potential game changer in a matter of just few years, online retail has not only captured a larger share of mind space; it has been grabbing market share rapidly. Flipkart, one of the largest online retailers in India, grew five times in volume of products sold between 2013 and 2014. Snapdeal, another large player, is reported to have grown six times in the same period. Is this growth rate sustainable? Here are five factors that will help online retail grow in coming years.

Localisation of Internet content

Google India spokesperson says that web content search in Hindi has grown a whopping 155 per cent in the past year, which is significantly higher than the growth of content search in English. Hindi content searched through mobile Internet grew at even higher rate of 300 per cent in the same period. Growth in traffic in other languages, too, was impressive.

Sensing an opportunity, Snapdeal launched its interfaces in local languages. “We launched Snapdeal’s multilingual interface in January 2014 in Hindi and Tamil languages and have seen a tremendous response from customers towards this. We will shortly be adding four more regional language interfaces,” says Ankit Khanna, senior vice-president (product management) at Snapdeal.com.

Online travel firm MakeMyTrip launched its Hindi app in November 2014 and plans to add four more languages — Gujarati, Tamil, Telugu and Malayalam — in the coming months.

With incremental growth in mobile subscriber coming mostly from people who are comfortable with languages other than English, online retailers see this emergent segment as new growth driver. Mohit Bahl of consultancy firm KPMG says localisation of content is a great innovation, which will be helpful in future. For those who have already done it, there will be first mover advantage. Others are likely to follow suit, he adds.

Growth in cities beyond metros

About 20 per cent of India’s population lives in cities outside of metros. There are several pointers that suggest this large group of city dwellers have significant purchasing power. Honda, for instance, sells 60 per cent of its Amaze car in tier-II and tier-III cities. These cities account for 55 per cent of Honda’s City models.

Consumer demand is rising rapidly even in small towns and cities. Talking about the potential of fast-moving consumer goods (FMCG) sector, a 2012 Nielsen report says: “While metros will remain a staple for marketers and increasing a rural footprint will be critical for volumes in the long run, there is a growth opportunity that is vastly under-rated by many marketers today, which could emerge as a key growth engine for the next 10 years. Middle India, a region made up of approximately 400 towns each with a population of 1-10 lakh, are home to 100 million Indians.” It further says: “These cities are ready to behave like the metros of tomorrow…The annual per capita FMCG consumption of Middle India towns touched Rs  2,800”, which is much higher than the national average of Rs 1,600.

The Nielsen report clearly shows that non-metro cities offer a huge growth potential for many companies. “At Snapdeal.com, we get over 60 per cent of the sales from tier and beyond towns and cities,” says Khanna. Other online retailers have reported the same trend. The contribution of these cities in coming years is set to become even bigger. “In addition to the convenience, another factor that is driving our sales in such cities is that many of the brands do not have footprint in these areas. No physical retailer can have the kind of assortment of products that we have,” observes Praveen Sinha, co-founder of online retailer Jabong.

Growth of mobile commerce

Online retailers’ growing reach in non-metro cities is being driven by the rise in usage of mobile internet in the country. According to Internet and Mobile Association of India, the number of mobile internet users in the country stood at 173 million in December 2014. It is set to grow manifold by 2020. A Confederation of Indian Industry report estimates that in the next six years, the number of people accessing the internet through mobile is set to reach 600 million. “This growth will be spurred by a sharp rise in smartphone adoption, expected to reach 50 per cent penetration by 2020,” says the report. “Given the increased mobile penetration and smartphone adoption in these areas, mobile is certainly one of the major factors driving this trend,” adds Khanna of Snapdeal.com

Growing usage of debit cards for cashless transaction

There has been a net addition of nearly 140 million debit cards in the country in the past two years. What is more, the usage of debit cards at point of sale terminals has seen a growth of 86 per cent in the same period. It indicates the willingness to use debit cards for purposes other than withdrawing money at ATMs has increased. With many online retailers still insisting on use of cards for high value transactions, it is a welcome change. It will allow e-tailers to reach out to many areas and many more customers in coming years.

Currently, cash on delivery constitutes nearly 70 per cent of all transactions for online retailers. But online retailers say the usage of cards for online transactions is steadily rising.

Growing investment in logistics and warehouses

Online retailers say they have extended their reach to “12,500-15,000 pin codes” out of nearly 100,000 pin codes in the country. There are also reports of online retailers trying to tie up with India Post and petrol pump stations to reach out to more customers. Expected aviation boom in small cities might also widen the reach of online retailers in future.

With estimated investment of nearly $2 billion in logistics and warehouses by 2020, the reach of online retailers to deliver their products in remote locations is set to increase. “There are many companies set to invest in specialised logistic services with a view to facilitating delivery of online retailers in coming years,” observes Bahl of KPMG.

Austria's 3rd Largest Bank Goes Full Bear Stearns: CEO Blames "Short Sellers" For Firm's Demise

You know it's bad when... you start blaming speculators. Very reminiscent of the "it's not us, we have a solid balance sheet, it's the short selling speculators"bullshit in the days before and after the stock crashes of American Insurance Group, Bear Stearns, Lehman Brothers and Merrill Lynch; mere days after his bank's bonds crashed, the CEO of Raiffeissen Bank (Austria's 3rd largest) has stated (unequivocally) that "panic was created artificially," blaming short-sellers for his bank's demise.

RBI CEO Svelda tells DiePresse.com,

"This panic was created artificially to a certain degree.

 

25 percent of our free float was shorted. As some have speculated neatly on falling prices and our share beaten down properly.

 

And the whole thing because of an initial loss of 493 million euros?"

Yep all short-sellers...

 

Nothing to do with worries about Swiss Franc mortgages... As Bloomberg reports, Raiffeisen had a total of 4.3 billion euros of Swiss franc loans outstanding as of September 2014, according to estimates by Moody’s Investors Service.

The largest part of these are in Poland, where the franc has appreciated 17 percent against the zloty since Jan. 14, threatening to push up defaults on the bank’s 2.9 billion euros of mortgages in the Swiss currency.

 

“There’s a lot of people worried about the bank’s Swiss-franc mortgages in eastern Europe,” said Gregory Turnbull Schwartz, who helps oversee the equivalent of about $82 billion at Kames Capital in Edinburgh and doesn’t hold Raiffeisen bonds.

 

Raiffeisen said Jan. 15 that it can’t yet forecast the effects of the appreciation of the franc on its asset quality.

 

The bank “will certainly take one measure or the other in the near future,” Chief Executive Officer Karl Sevelda told reporters on the sidelines of the Euromoney CEE conference in Vienna today. He declined to elaborate. Franc loans in eastern Europe are “not a big problem,” he said.

And just forget about the fundamentals...

The plunge appears focused on the potential capital shortfalls and talk of the bank selling its Russian unit - both have been denied... (as Reuters reports),

Raiffeisen Bank International has no desire to exit the Russian market, Chief Executive Karl Sevelda told a newspaper in response to market rumours it could sell its lucrative Russian business.

 

The Austrian lender has "absolutely no intention to sell our Russian bank", he told Der Standard in a report printed on Tuesday. A bank spokeswoman confirmed his remarks.

 

He was responding to Russian media reports that Raiffeisen was in talks with Alfa Bank about a potential sale. Sevelda dismissed these "unfounded rumours" and said Raiffeisen had "absolutely no contact" with Alfa Group.

 

Raiffeisen, which is conducting a strategic review of its portfolio, said this month losses for 2014 could surpass 500 million euros ($561.5 million) if it had to write down goodwill in Russia, its single most profitable market.

 

The spokeswoman also confirmed the paper's report that Chief Financial Officer Martin Gruell had denied market talk Raiffeisen may need to raise capital. It raised about 2.8 billion euros a year ago via a rights issue.

DOLLAR-INR

BUY FEBRUARY DOLLAR @ 62.4- 62.25

TARGET 62.7- 63- 63.4

STOPLOSS 61.8

CRUDE UPDATE

DID YOU'LL ENJOY THE RISE OF CRUDE ??????Our targets of 3100-3200-3300 all achieved....

One can Still remain on the buying side.
And add at 3200-3100.
We will see 3400-3500-3700 soon...

Stoploss @ 2970

ENJOY!!!!!!

CRUDE OIL for Risktakers>>>>>>>

BUY MCX FEBRUARY CRUDE OIL @ 3020- 3000 

Target 3100-3200- 3300

Stoploss 2950 ( close only)

4 Companies to control Whiskey Production

While there are eighty people who hold half the world's wealth, ten 'people' who run the world, and ten corporations that control nearly everything you buy...these four companies control what is -to some -the most precious commodity in the world. 

WORLD WHISKEY PRODUCTION

The 10 Corporations That Control Almost Everything You Buy

We know the ten "people" that run the world, that 25 cities represent over half the world's GDP, and that the world's billionaires control a stunning $33 trillion in net worth... but who controls what the average joe-sixpack on Main Street buys? These ten mega corporations control the output of almost everything we buy - from household products to pet food and from jeans to jello. The so-called "Illusion of Choice," that these corporations (and their nepotistic inter-relationships) create is remarkable...