Source: SEBI filings for ValueQuest Investment Advisors
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Category: Observations
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New Sheriff in Town
Thank you to Ford for scrapping a new plant in Mexico and creating 700 new jobs in the U.S. This is just the beginning – much more to follow
— Donald J. Trump (@realDonaldTrump) January 4, 2017
This latest tweet by US President-elect is clear that there is a new sheriff in town-one who believes in “Make in US” and not afraid to bully his way through.
He takes oath on 20th Jan,2017.Here is what he has promised to do on the first day of his office:
Therefore, on the first day of my term of office, my administration will immediately pursue the following six measures to clean up the corruption and special interest collusion in Washington, DC:
* FIRST, propose a Constitutional Amendment to impose term limits on all members of Congress;
* SECOND, a hiring freeze on all federal employees to reduce federal workforce through attrition (exempting military, public safety, and public health);
* THIRD, a requirement that for every new federal regulation, two existing regulations must be eliminated;
* FOURTH, a 5 year-ban on White House and Congressional officials becoming lobbyists after they leave government service;
* FIFTH, a lifetime ban on White House officials lobbying on behalf of a foreign government;
* SIXTH, a complete ban on foreign lobbyists raising money for American elections.
On the same day, I will begin taking the following 7 actions to protect American workers:
* FIRST, I will announce my intention to renegotiate NAFTA or withdraw from the deal under Article 2205
* SECOND, I will announce our withdrawal from the Trans-Pacific Partnership
* THIRD, I will direct my Secretary of the Treasury to label China a currency manipulator
* FOURTH, I will direct the Secretary of Commerce and U.S. Trade Representative to identify all foreign trading abuses that unfairly impact American workers and direct them to use every tool under American and international law to end those abuses immediately
* FIFTH, I will lift the restrictions on the production of $50 trillion dollars’ worth of job-producing American energy reserves, including shale, oil, natural gas and clean coal.
* SIXTH, lift the Obama-Clinton roadblocks and allow vital energy infrastructure projects, like the Keystone Pipeline, to move forward
* SEVENTH, cancel billions in payments to U.N. climate change programs and use the money to fix America’s water and environmental infrastructure
Additionally, on the first day, I will take the following five actions to restore security and the constitutional rule of law:
* FIRST, cancel every unconstitutional executive action, memorandum and order issued by President Obama
* SECOND, begin the process of selecting a replacement for Justice Scalia from one of the 20 judges on my list, who will uphold and defend the Constitution of the United States
* THIRD, cancel all federal funding to Sanctuary Cities
* FOURTH, begin removing the more than 2 million criminal illegal immigrants from the country and cancel visas to foreign countries that won’t take them back
* FIFTH, suspend immigration from terror-prone regions where vetting cannot safely occur. All vetting of people coming into our country will be considered extreme vetting.
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Amma’s demise predicted?
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India Geo-Political Risk is rising
Alarmed by the spate of heavily armed terrorists attacking Army Messes and Police Jails.
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Modi as Hugo Chavez
In his radio address to the country yesterday, Modi’s speech was full of Us (Have Nots) Vs Them (Haves) rhetoric:
Some excerpts:
But vices are so widespread and deep-rooted that even today there are people whose vicious habits refuse to die. Even now, some people think that they can re-introduce into the system, money from corruption, black money, unaccounted wealth and Benami money (money in unknown person’s name), using some route or the other. They seek illegal means to save their ill-gotten wealth.
The saddest part is that, for this too, they have chosen to misuse the poor, the underprivileged people. By misguiding the poor, enticing them through the vices of avarice and temptation, wrongfully pumping money into their bank accounts, or getting them to undertake some wrong activities, some people are trying to save their black money.
I want to tell such people today – whether you reform or not is up to you, whether you respect and follow the law or do otherwise is again up to you; of course, the law will take its own course to decide on the requisite action; but, for God’s sake, please do not play with the lives of poor people. Do not do anything that may bring the names of the poor on record for wrong reasons and land my dear poor people into trouble during the investigation later on account of your foul deeds.
And the law regarding Benami property that has been enacted and is being implemented is very stringent and it is going to be extremely tough on wrong doers. The government does not wish that our countrymen should face undue hardships.
On the basis of reports received from about 45-50 cities, I gathered that demonetisation had encouraged people there to pay their arrears accumulated due to non-payment of dues earlier; many people were in the habit of not making tax payments such as water tax, electricity bills, etc., they just did not pay.
Now all of us know very well that the poor people always like to clear their dues 2-3 days in advance. It is the well-off people, who do not pay their taxes and bills as they have higher connections and know that nobody is going to ask or do anything against them
Err…do we now have a new Hugo Chavez in town?
His socialist rhetoric makes me think that Long Term Cap Gains Taxes are on its way for Equity Markets.