General Trading Chat

[praveen taneja]

Monthly Calendar for December 2015

Key data releases for December 2015

December 1
AU: Reserve Bank of Australia (RBA) policy decision awaited
IN: Reserve Bank of India (RBI) policy decision awaited
EZ, US, JN, CH, IN: Markets await manufacturing PMI data for November

December 2
CA: Bank of Canada (BoC) policy decision awaited
AU: Markets will closely watch Q3 2015 GDP data
US: Markets will closely watch ADP employment data for November

December 3
EZ: European Central Bank (ECB) policy decision awaited

December 4
US: Markets will closely track nonfarm payrolls (NFP) for November

December 8
JN: Q3 2015 GDP (final reading) will be closely tracked
EZ: Markets await Q3 2015 GDP (second reading) data print

December 10
NZ: Reserve Bank of New Zealand (RBNZ) policy decision awaited
SZ: Swiss National Bank (SNB) policy decision awaited
UK: Bank of England (BoE) policy decision awaited

December 11
IN: Markets will closely watch Industrial production data for October

December 14
IN: Markets await November CPI data print
IN: WPI data for November will be closely tracked

December 16
US: FOMC policy decision awaited

December 18
JN: Bank of Japan (BoJ) policy decision awaited

December 22
US: Q3 2015 GDP (final reading) will be closely tracked

December 23
UK: Markets await Q3 2015 GDP (final reading) data print

December 31
IN: November fiscal deficit data will be closely tracked

 

[vishnu_1990v]

certainly better than us small traders , but nothing can beat trading
one needs 20-50 lakh capital to earn something like that.
more than monetary aspect I think happiness /freedom is more important , if you feel happy with your profession , thats good.

:thumb:
Whatever you decide to do, make sure it makes you HAPPY.
vishnu_1990v

 

[meet444]

December4 OPEC meeting. Important for Crude oil decreasing price and oversupply of oil by OPEC members

 

[Smart_trade]

certainly better than us small traders , but nothing can beat trading
one needs 20-50 lakh capital to earn something like that.
more than monetary aspect I think happiness /freedom is more important , if you feel happy with your profession , thats good.

What I meant was a farmer earning 20 L must surely be made to pay the Income Tax.....it is high time we start taxing rich farmers. Marginal and poor farmers who are not able to make two ends meet will anyway not be in the Income Tax bracket. But in attempt to please the vote bank we are not taxing the rich farmers also and levying all kind of taxes on urban middleclass.18-20% service tax will be a big burden on all of us.

As it is 7th Pay Commission is going to put additional strain on nation's resources and FM will try to cut corners when it comes to leaving some more money in the hands of taxpayer by giving some tax concessions.

Smart_trade

 

[Subhadip]

What I meant was a farmer earning 20 L must surely be made to pay the Income Tax.....it is high time we start taxing rich farmers. Marginal and poor farmers who are not able to make two ends meet will anyway not be in the Income Tax bracket. But in attempt to please the vote bank we are not taxing the rich farmers also and levying all kind of taxes on urban middleclass.18-20% service tax will be a big burden on all of us.

As it is 7th Pay Commission is going to put additional strain on nation's resources and FM will try to cut corners when it comes to leaving some more money in the hands of taxpayer by giving some tax concessions.

Smart_trade

Rightly said sir.

BTW, 7th Pay Commission is not that juicy in hand of common man....

 

[Smart_trade]

Rightly said sir.

BTW, 7th Pay Commission is not that juicy in hand of common man....

On average it is going to increase the salaries by 22-25% and that in addition to the dearness allowance increase the salaried class gets every year to compensate for inflation.

Smart_trade

 

[niftymoneymoney]

If so much tax is leived on traders..than what he will get. I think baba ji ka thullu.:rofl:

Still we are trading, isnt it surprising. BTW, service tax is levied on all sort of services and not on traders only, though many taxes like STT, TO tax etc etc are levied on traders only. Stamp duty is levied by states on all types of contracts (buying, selling, transfer etc), so on traders also. The less is said about taxation is better. One spend ones whole life in paying all sort of taxes.
A friend of mine told me that in Indira Gandhi regime the maximum rate of income tax was somewhat above 90%.

 

[meet444]

Still we are trading, isnt it surprising. BTW, service tax is levied on all sort of services and not on traders only, though many taxes like STT, TO tax etc etc are levied on traders only. Stamp duty is levied by states on all types of contracts (buying, selling, transfer etc), so on traders also. The less is said about taxation is better. One spend ones whole life in paying all sort of taxes.
A friend of mine told me that in Indira Gandhi regime the maximum rate of income tax was somewhat above 90%.

You are right nifty bhai.
90% that's hillarious

 

[Subhadip]

On average it is going to increase the salaries by 22-25% and that in addition to the dearness allowance increase the salaried class gets every year to compensate for inflation.

Smart_trade

No sir, not that much sir,

all the senior officials are telling me that, all flashing in news are inflatted data. all will get only 2 - 3% increase in the money they are getting in hand

 

[blackberry]

What I meant was a farmer earning 20 L must surely be made to pay the Income Tax.....it is high time we start taxing rich farmers. Marginal and poor farmers who are not able to make two ends meet will anyway not be in the Income Tax bracket. But in attempt to please the vote bank we are not taxing the rich farmers also and levying all kind of taxes on urban middleclass.18-20% service tax will be a big burden on all of us.

As it is 7th Pay Commission is going to put additional strain on nation's resources and FM will try to cut corners when it comes to leaving some more money in the hands of taxpayer by giving some tax concessions.

Smart_trade

Sir,it is very difficult to find who is earning 20 L and who is earning 2 L.farmer will not show the income.I think some farmer earning 20 lakh in 2 acre and one is earning 5 lakh in 10 acre.Govt will not able to find that. how one should justify tax even if taxed on holding of land.I thing before taxing farmers permit them to fix there own price,let market decide.Start Futures contrat of 3 years in commodities like in US .Dont stop farmers from selling its crop in any state(major problem).2 years back when paddy was on peak UP farmer can not sell in Haryana when the price is high there.There are lot of restictions in selling crop from one state to another.I have 14 acre of land but I am not able to earn more than 8 lakhs.These bloddy suagr mills not paying.