General Trading Chat

[timepass]

Seniors citizen getting assured interest of 8% for 10 years upto 7.5 Lacs might be a dampener?

payable as monthly interest. I remember that distinctly. Sounds like a good pension scheme. How does it compare with lumpsum pension plans ?

 

[traderniftybull]

Prime Minister's speech : Sops for low cost housing, some farm loans, pregnant women, senior citizens and small businesses.

Maybe microfinance companies and realty scrips will be affected on Monday.

More importantly for us traders, there was something about assumed profit calculated at 6% instead of 8%. Something about limit being raised from 1 crore to 2 crore...

Nothing new in it, this variation of presumptive scheme (of 6%) was already announced, sometime back, for those traders, who will use only digital transactions. Stock market traders will benefit the most, as they mostly use online transactions.

 

[newuser_RK]

payable as monthly interest. I remember that distinctly. Sounds like a good pension scheme. How does it compare with lumpsum pension plans ?

1. Housing fin companies will benefit
2. Traders to pay tax on 6% profit
3. Negative for banks? As pm want banks to lend more to high risk groups? (Poor, farmers etc..)

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[timepass]

1. Housing fin companies will benefit
2. Traders to pay tax on 6% profit
3. Negative for banks? As pm want banks to lend more to high risk groups? (Poor, farmers etc..)

1) I think that housing finance companies will be flattened because the government is giving loans at 3-4% lower rates.
2) ...
3) Negative for banks, I'm sure.

 

[newuser_RK]

1) I think that housing finance companies will be flattened because the government is giving loans at 3-4% lower rates.
2) ...
3) Negative for banks, I'm sure.

No government will give interest subsidy directly to banks and nbfc. So Gruh and Repco who cater to lower class in tier two cities will go through the roof on Monday

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[monkeybusiness]

ST sir, as a trader (don't know whether I qualify for that),would always be indebted to you.
Wish you a very happy and prosperous new year.
Thanks

Vivek

I second it and alongwith ST da, I would like to add one more name Subhadeep Sir. Every time I open a chart, I start searching for the teachings imparted by both generous souls, whether it be a rally/decline, mp or anything. Just ask myself a question how this price action will be interpreted by them and what decision they would have taken.

Thanks : :clapping::clap::clapping:

 

[timepass]

I guess the building materials should also see a good uptick : Cement, steel, plywood, paints etc.

 

[TradeJoker]

1) I think that housing finance companies will be flattened because the government is giving loans at 3-4% lower rates.
2) ...
3) Negative for banks, I'm sure.

SBI , bad news coming soon on NPA

 

[timepass]

SBI , bad news coming soon on NPA

All banks, I guess. But the PSU banks will be hit hard, I guess.

But wait, the low-cost housing scheme is only for the loans taken in 2017.

 

[cinderblock]

Hi I have query suppose I am trading with any person on profit sharing basis . And if he demand 60:40 then how can I pay as I am already paying 30% tax and short term capital gain is also 30% taxable after giving 40% to him I left with very less. Any way to tackle that situation . He is not send registered PMS

Share 60:40 after deducting tax.