Investor. Observational stock trader. Food and cricket fan. just started up.
Kolkata, India
Joined July 2014
- Tweets887
- Following465
- Followers3K
- Likes448
Can also tweak holding period for long term vs short term..but capital formation and channelisation towards productive assets should be encouraged with ltcg being exempted
Respected @nsitharaman ji and @FinMinIndia ,
Suggestion 1 of 3 for strengthening India's capital markets:
Long-term capital gains tax on listed equities should be abolished.
A long-term shareholder is not a speculator but a provider of patient risk capital. By investing in and holding businesses, investors help companies expand, create jobs, innovate and contribute to India's economic growth.
India requires enormous amounts of long-term capital to build world class enterprises, infrastructure and global champions. Tax policy should encourage households to move savings from passive assets, including imported stores of value such as gold, into productive businesses that create jobs, generate tax revenues and build national wealth.
The appreciation in a company's value is not created in isolation. During its growth journey, the government already collects corporate tax, GST, income tax from employees, customs duties, stamp duties and numerous other levies. Long-term capital gains are often the final outcome of economic activity that has already generated substantial tax revenues.
Most importantly, tax policy should clearly distinguish between investment and speculation. A long term shareholder is a partner in wealth creation, not merely a participant in market transactions. Tax policy should reward long-term ownership of productive businesses and distinguish it from short-term speculation.
India needs more patient capital, more entrepreneurship and more long term investing. Abolishing long-term capital gains tax on listed equities would be a powerful step in that direction.
Respectfully submitted.
Nav retweeted
Today Bill Ackman’s company raised $5 Billion in IPO
But in 2018, 8 Years ago:
> Carl Icahn caused him $1 Billion loss
> He was going through a divorce
> Litigated by Valeant investors
> His fund was down 30%
This is how he came out of the mess:
Nav retweeted
Piyush Goyal ji has rightly pointed out that Indian startups are lagging behind in deep tech innovation. I urge him to actively involve startups in solving real, ground-level problems by allocating some of the long-pending and underperforming public infrastructure and civic projects (which are currently handled by traditional contractors) to tech-driven startups. This will not only bring fresh thinking and accountability but also inspire more entrepreneurs to enter the engineering and deep tech space.
Some immediate opportunities that come to mind:
1. Road Construction & Maintenance: Allocate sections of roads that repeatedly develop cracks within 6 months to civil engineering startups that can analyze reasons for failures and solve it.
2. River Cleaning Projects: Involve environmental tech startups in the cleaning and preservation of rivers like Ganga and Yamuna using modern filtration, sensor networks, and real-time monitoring technologies.
3. Sewer & Waste Management: Assign urban sewer cleaning and garbage management to automation and robotics startups that can improve safety, efficiency, and scalability.
4. Traffic Rule Enforcement: Engage startups in building and managing smart city solutions for detecting traffic violations, issuing e-challans, and tracking compliance.
5. Public Infrastructure Monitoring: Allow startups to build systems for real-time monitoring of public infrastructure, such as bridges, flyovers, and water pipelines to prevent failures and reduce maintenance delays.
6. Railway Safety and Monitoring: Collaborate with startups working on sensors, AI, and automation to improve railway track inspection, accident prevention, and crowd control.
By opening up these essential domains to innovation, we can create a new wave of deep tech entrepreneurship in India that addresses real problems and creates massive impact.
Nav retweeted
⚡️It was an honour to be a judge at TIE Kolkata’s Women Pitch Finale, 2024.
It was inspiring to see women entrepreneurs coming from different backgrounds doing excellent work in their respective fields.
@BhaiyaNav
Stay hungry, keep hunting!
One thing is sure that there is world of difference between sitting in front of computer and going out on ground and hunting and doing scuttlebutt.
There is always a choice whether you want to be a hunter or a rider.
Hunter would always have the edge as he would know the ground reality and would not be dependent on WhatsApp/News Channels etc to develop conviction.
The problem in being dependent on other sources is:
(i) There will be a huge lag between when change starts to happen on ground v/s when you understand it (Example - For some maybe: Railway theme)
(ii) You will easily get swayed away and react impulsively on each and every event rather than keeping your focus on the bigger picture.
I am not saying that you should not research sitting on your desk - Definitely you should and you will make money doing that too but with it if you combine it with scuttlebutt that would take you to a different league altogether.
Always believed in the power of scuttlebutt and knowing ground reality but thanks to last 24 hours the conviction got imbibed again and with 10x more force.
I think in markets with time sometimes there is a dust that settles on our thought process too and just like we do Diwali ki Safai, sometimes it is important to do cleansing of brain and updating it. This is applicable not only for learning new things but sometimes also for going back to things that worked for you and somehow got lost in terms of priority due to the dust that we keep accumulating.
This can only happen if we have right set of friends and mentors with whom we can share openly and take guidance.
I have realised it now and the process of rectifying it has started.
Goal is to always be a learner 🙏
Nav retweeted
One thing is sure that there is world of difference between sitting in front of computer and going out on ground and hunting and doing scuttlebutt.
There is always a choice whether you want to be a hunter or a rider.
Hunter would always have the edge as he would know the ground reality and would not be dependent on WhatsApp/News Channels etc to develop conviction.
The problem in being dependent on other sources is:
(i) There will be a huge lag between when change starts to happen on ground v/s when you understand it (Example - For some maybe: Railway theme)
(ii) You will easily get swayed away and react impulsively on each and every event rather than keeping your focus on the bigger picture.
I am not saying that you should not research sitting on your desk - Definitely you should and you will make money doing that too but with it if you combine it with scuttlebutt that would take you to a different league altogether.
Always believed in the power of scuttlebutt and knowing ground reality but thanks to last 24 hours the conviction got imbibed again and with 10x more force.
I think in markets with time sometimes there is a dust that settles on our thought process too and just like we do Diwali ki Safai, sometimes it is important to do cleansing of brain and updating it. This is applicable not only for learning new things but sometimes also for going back to things that worked for you and somehow got lost in terms of priority due to the dust that we keep accumulating.
This can only happen if we have right set of friends and mentors with whom we can share openly and take guidance.
I have realised it now and the process of rectifying it has started.
Goal is to always be a learner 🙏
Looking at the kind of talent around in IPL and the way the T20 games has evolved, does @hardikpandya7 even deserve to be in T20 WC team. Even looking at the stats, it seems he was kind of lucky to come so far. @bcci @ImRo45 @imAagarkar
To be able to be of some use to someone at the start of the year, there couldn’t have been a better start to the new year. Thank you @iMicrocap @amitanam for the opportunity. @amitanam keep faith, miracle is about to happen!
This quoted post is unavailable.
I request everyone to watch The Vaccine War on @DisneyPlusHS . This is way beyond just a movie. This is about the change in choices we have been making offlate. Thank you @ICMRDELHI . Thank you @vivekagnihotri . There should be more buzz around it. Best work I have seen till date
Bang on..well said bhaiya
Word Of Mouth referral is the biggest validation of your hard work, be it in any field. Keep yourself focussed with calm mind, have a pure heart free from pride and prejudices. Respect your elders, love the young, support the weak and motivate the strong.
Respect is a form of currency that can open many doors and create meaningful relationships. Money can give you temporary security and provide material comforts, but respect will last a lifetime and be more valuable in the long run. Never trade your respect for money.
If you go to earn only money there is no guarantee you will earn respect, but the day you start getting respect for Honesty & Integrity, money will definitely follow you, much beyond what you expected & deserved.
Eg. Tata Tech IPO is the live example. The trust and respect which they have earned is visible in the subscription.
Kamana hai toh izzat kamao, paisa toh koi bhi kama lega⏳
Risk is illusionary at the peak of uncertainty. Things look most risky at that point, however, in reality you get best margin of safety!
Nav retweeted
In conversation with Nav Bhaiya @BhaiyaNav
youtu.be/eLgrg9AXRbQ