Categories
Links

Linkfest: April 12, 2012

Some interesting reading:

Is Subbarao the loneliest man in India ? (FirstPost)

RBI Watch:Musings on the Indian Rupee (RBI)

Mumbai is the least affordable place in the world (Business Standard)

Returns per unit of stress (FundooProfessor)

How the rich in India steal from the poorest of the poor (Tehelka)

The Pakistan gameplan in Afghanistan (BusinessLine)

What’s in the emerging market index ? (TRB)

 

Categories
Links

Linkfest: April 11, 2012

Some stuff I am reading this morning:

Euro Trashing Again (FT Alphaville)

A risk-off “unrally” around the world (TRB)

SEBI warns NSE for being “negligent in discharge of its duties” (FinancialExpress)

The Govt Vs Indraprastha Gas (Mint)

Essar’s biggest headache:Armed Naxalites (BusinessStandard)

Mumbai’s mighty cash on a real estate boom (Bloomberg)

For Satan Mua who said “Whats an Indian blog without some Bollywood gossip”

The filmi gossip for the week (RajeevMasand)

Categories
Observations

Who owns India Inc?

The owners of India Inc (as per NSE):

Categories
Tax

The coming service tax tsunami

The service sector accounts for 57% of India’s GDP (Source: GoI)

The Govt of India is all set to tax the living daylights of this sector.

In the last budget, Service Tax regime changed in a dramatic fashion-from a positive list it changed to  a negative list.So now all services (other than those in the negative list) will be taxed.

The Service Tax was also hiked from 10% to 12%- a hike of 20%

The govt intends to introduce the Goods & Services Tax (GST) soon in the next 12-18 months.Once the GST comes to force, the service tax will be hiked up to 16% (see here)

So effectively, in a span of two years, the service tax will be hiked from 10% to 16% an increase of 60%

From an investment perspective, this implies a high inflation regime and a negative outlook for the service sector such as hospitality, housing etc

Categories
Links

Linkfest: April 10, 2012

Some stuff I am reading this morning:

Loop Telecom to shut down, seeks 750 M$ damages from the government (Mint)

Harshad Mehta like scam at NCDEX (SuchetaDalal)

China faces timebomb of ageing population (Guardian)

The Warren Buffett Cult Vs The Gold Cult (DailyReckoning)

Why a 1$ CEO costs much more than 1$ (Footnoted)

Grandfather wills property to grandkids, enraged father kills them (FinancialExpress)