General Trading Chat

[sridhga]

"Success" is a relative term. We have adhered to a socialist model of democracy and it's working well, IMO. Life in America is not easy either. The "privatise everything" policy has worked only in a limited way.

Please note the differences - America has land, a lot of it. We have about a quarter of the world's population and only 2.5% of the land mass. We lack the resources that the US government has. So the government has to preserve whatever resources it has.

I beg to differ on some of the points. Merely having land is not a sign of prosperity. Population density has its demographic advantages as well. Having highly entrepreneurial population brings in prosperity at a macro level. Indian investor obsession with land started seriously just 20 years ago. Real estate really increased in price just between years 2000 and 2009. In fact higher land prices are detrimental to entrepreneurship.

So at a macro and long term level land does not mean much for business and prosperity.

India has less land but sustained high population because of favorable weather conditions combined with high fertility of its land.

We need to move out Govt resources away from business investments. Mixing up of Church, State and Business is an old debate. India has shown light to the world through its Varna system. Brahmins(Priests, Churches, Temples etc.), Kshatriyas ( Soldiers, Administrators, Leaders), Vysyas (Businesses) and Shudras (Common people for whom the other three wings should work). Varna system represents segregation of Church, State and Business. Otherwise there will be conflict of interests. (Eg: Look at politicians who own businesses)

Communism/Socialism is a foreign import into India and is alien to our culture.

Even today European nations are not clear on segregation between State and Church (including UK). Socialism is an European invention that failed.

India's caste system is mis-understood (mis-interpreted) by the western authors. It is Varna system symbolizing the four pillars that I mentioned above. It is not really "Caste". The word casteism refers to racism. If you need more, I can certainly quote from the Vedas to explain this further.

 

[siddhant4u]

UK has clear separate state and church. although queen is head of church of England, she is just symbolic ruler. Parliament is more or less secular now, in fact, atheism is second most popular 'religion' almost 25% population says they don't follow any religion. This is major point as people do lots of charity as they believe in humanity instead of blindly following any religion.

edit: all of above is for UK. Hope india too focus more on humanity and protecting environment rather then following religion, baba, sect etc.

 

[siddhant4u]

Murde me jaan...

Reliance Infra bags Rs 7,000-cr Versova-Bandra Sea Link project in Mumbai


https://www.business-standard.com/a...ea-link-project-in-mumbai-119062600277_1.html

Reliance Infrastructure Wednesday said it has bagged Rs 7,000 crore Versova-Bandra Sea Link project contract from Maharashtra State Road Development Corporation (MSRDC) in Mumbai.

Versova-Bandra Sea Link is a marquee project with a length of 17.17 km, which is three times the length of the Bandra-Worli Sea Link of 5.6 km. Reliance Infrastructure is fully geared to deliver the project in 60 months from the appointed date of June 24, 2019 as per the contract, Reliance Infrastructure said in a BSE filing.

The company said Versova-Bandra Sea Link would cut down commute time of Mumbaikars from over 90 minutes to 10 minutes.

Last week, ratings agency India Ratings downgraded Reliance Infrastructure's long-term issuer rating to 'D - Issuer Not Cooperating'.

The downgrade came barely a week after the Anil Ambani-led company's auditors raised red flags over its financial results as well as "significant doubt" over the group's ability to continue as a going concern.

Reliance Infrastructure had reported a net loss of Rs 3,301 crore for the quarter ended March 31 on a consolidated basis. The company had recorded a profit of Rs 133.66 crore in the corresponding quarter of the previous financial year.

On an annual basis, it had incurred a loss of Rs 2,426.82 crore for 2018-19. It had reported a profit of Rs 1,255.50 crore in 2017-18.

Shares of Reliance Infrastructure were trading 10.21 per cent higher at Rs 57.20 apiece on BSE.

 

[siddhant4u]

https://www.business-standard.com/a...ge-fssai-tells-food-firms-119062700239_1.html

Label high fat, sugar contents in front of package, FSSAI tells food firms


people will be shocked to see how much much fat and sugar their fav food contains... I'm sure food companies will lobby against this order too.

 

[timepass]

https://www.business-standard.com/a...ge-fssai-tells-food-firms-119062700239_1.html

Label high fat, sugar contents in front of package, FSSAI tells food firms


people will be shocked to see how much much fat and sugar their fav food contains... I'm sure food companies will lobby against this order too.

Yeah, next the Supreme Court will rule that 85% of the label should display the contents, just like for tobacco products

 

[timepass]

I beg to differ on some of the points. Merely having land is not a sign of prosperity. Population density has its demographic advantages as well. Having highly entrepreneurial population brings in prosperity at a macro level. Indian investor obsession with land started seriously just 20 years ago. Real estate really increased in price just between years 2000 and 2009. In fact higher land prices are detrimental to entrepreneurship.

So at a macro and long term level land does not mean much for business and prosperity.

India has less land but sustained high population because of favorable weather conditions combined with high fertility of its land.

We need to move out Govt resources away from business investments. Mixing up of Church, State and Business is an old debate. India has shown light to the world through its Varna system. Brahmins(Priests, Churches, Temples etc.), Kshatriyas ( Soldiers, Administrators, Leaders), Vysyas (Businesses) and Shudras (Common people for whom the other three wings should work). Varna system represents segregation of Church, State and Business. Otherwise there will be conflict of interests. (Eg: Look at politicians who own businesses)

Communism/Socialism is a foreign import into India and is alien to our culture.

Even today European nations are not clear on segregation between State and Church (including UK). Socialism is an European invention that failed.

India's caste system is mis-understood (mis-interpreted) by the western authors. It is Varna system symbolizing the four pillars that I mentioned above. It is not really "Caste". The word casteism refers to racism. If you need more, I can certainly quote from the Vedas to explain this further.

Every society develops different systems to govern itself. What is good for goose may not be good for gander. But in modern context, the role of the government is to run a welfare state. Often it involves running commercial enterprises, so be it.

"Land" refers not only to the land mass, but also the resources available. We are crowding out our resources. We have become a society of consumers only, with insufficient means to generate enough sustenance for ourselves. Also, we are now perceived as a consumer market only.

With this level of crowding, I think that the government should be greatly concerned about saving its resources, endangered as they are.

Privatization, how much ?? Going like this, we may see the Railways being privatised, maybe tax collection too ?? Imagine the Tatas or the Ambanis getting the contract to collect GST or IT ?? Maybe Jio getting the contract for external defense and running our military ???

 

[siddhant4u]

Yeah, next the Supreme Court will rule that 85% of the label should display the contents, just like for tobacco products

I contents should be visible just like they do in western countries. For example, ice cream in India doesn't contain any 'cream' only 2-5% is real milk/cream content wise. rest is palm oil or other form of fat.

There was campaign by dairy firm few years back to label all market ice creams as 'frozen desserts'. Similarly campaign by veggi society forced many chocolate makers and food companies to change recipe so as to avoid using egg or other animal products.

If people know that 'Bhujia' contains 50% FAT, they will surely stop eating it or at least try to limit it's consumption. Haldiram's own website says 16gm of Fat per 35gm of serving of alu bhujia!

 

[timepass]

Some progress...

PNB fraud: Nirav Modi Swiss bank accounts having Rs 283 crore frozen

https://www.timesnownews.com/busine...nk-accounts-having-rs-283-crore-frozen/444232

 

[timepass]

............. and more progress ...

Indians' money in Swiss banks falls, hits second-lowest level in two decades



https://www.timesnownews.com/busine...nk-accounts-having-rs-283-crore-frozen/444232

 

[timepass]

and SEBI finally wakes up.

Sebi board meet: Stricter norms for mutual funds, promoters pledge

https://www.livemint.com/money/pers...es-for-liquid-mutual-funds-1561634938321.html