저자: RamdevAgrawal · 외국인
요약 보기
예산안의 양도소득세 인상(단기·장기 및 투기성 거래 세율 상향)에 대한 토론. 세율 인상이 투자 위축 우려가 있으나 경제 성장이 지속되면 세부담은 감내 가능하다는 입장. 예산 전반은 농민 MSP 인상, 저소득층 감세, 의료·종교 관광 등으로 소비 부양 효과가 있다고 평가. 향후 시장 수익률은 기업 이익 성장(15~17%)과 유동성 흐름이 유지되므로 세금 변화가 시장 기대수익을 바꾸지 않는다는 견해. 부동산 인덱세이션 폐지 가능성도 언급.
다듬은 글
All the stalwarts are with us right now, please put them all in the window once Ramdev ji, because you run a mutual fund and a brokerage as well, you yourself are a successful investor, how are you looking at today's budget, especially look at the tinkering that has been done in capital gains taxation, I think that according to the party going on in the market, there will be about 25 to 30% more taxation in all three categories, be it long term, short term or speculative, 40% more tax will be paid, so I think the tax mobilization from the market is quite big, I don't know that number, but it will be a very good number, it may be from 550 thousand to lakh crores, in this Rajev ji, in which direction is this signaling, that is, will the trend towards highly speculative non-risky assets be seen increasing again, yes it seems in this way that I mean equity, I mean, by saying this, I think the thinking is like this that brother, you have earned a lot of money, so you can invest a little from that.
With some portion of guess, I don't think the logic is that we should disincentivize investing in equities, but basically I understand the logic that the long term capital gain tax has been increased so much as compared to the short term, so I understand that short term is a speculative tax rate, so in any case you are paying the full tax, there is no change for the speculative, sir, are you saying that the short term has been increased, right?
The long term should not have been increased, the long term should have been kept, or are you punishing the long term holders, right? Are you punishing all the long term holders? Yes, no, what do you mean, do you want to make people speculators or do you want people to invest and invest for a long time to build the country and build enterprises?
I feel like you should speculate too much, you should move quickly, so that there is no benefit for you in keeping the long term, then you keep increasing it, this is an interesting thing, Vijay Bhai Ramdev ji, there is a bit of a contrast between you two at this time. They are saying that there is no problem, similarly people always find fault with 1, how will you respond to what Ramdev ji is saying, no, I do not have that much wisdom to refute what Ramdev ji is saying, but personally my view is that understand, there also you made 15 for 20 in the short term, here you made 1230 for 10, so you are encouraging people to make long term investments because you have reduced the tax, yes because there also you made 15 for 20, here also you made 125 for 10, so the ratio is that you will have to pay tax, there are 1 lakh 69 thousand people who show income more than one crore in India, you cannot deny those things, it means that if you talk about oil, then oil will come from sesame only, brother, you will get it from whoever is earning, now in the morning he said Annadata and Purn madam came in it and he has mentioned those four categories, so who will pay the tax Brother, tell me this ultimately, only those who can pay will pay tax, those who can do not want to pay, those who cannot pay and do not want to pay, obviously, then how will it come into the country, okay Madhu brother, are you ready to pay a little more tax, Anuj, I will repeat my point, if there is a gain then there is no problem in paying tax, as long as the Indian economy continues to do well, the markets remain vibrant, if they take some of our gains then it is fine, so as long as they take all the necessary steps, brother, this country should keep growing, this economy should keep growing, the companies here should keep growing, I know, in anchor terms, ultimately you will say that as Vijay said, I completely agree with him, ultimately the government will ask for tax from the person who earns, we are not happy with this, seeing that the tax is increasing, but there is no option in it, if the government has to allocate somewhere else, then taxation will have to be collected from somewhere, and this is not the case of today but of the last 20 years of this country History has it that the two people at the top, 2, 3 people, always bear the greater burden of taxation.
Anuj, you should look at the history of 25 years, not just the present one, and it is possible that there may not be any change in the future as well. So, I am saying that our country should continue to do well, our country should progress, our corporate sector should continue to do well, then I have no problem in paying 10% to 12%.
As long as we make games, I have no problem paying the taxes. Okay, absolutely, this was said by Atal Bihari Vajpayee ji. You said it in Almost Susil Hage. By the way, Madhu Bhai Ramdev Sir, let's not just talk about taxation. A lot of things were announced in the budget. Some major announcements were made on real estate.
A little bit on gold. Some steps were taken. Overall, how did you see the budget? Keep the taxation dispensation aside for once. Fiscal deficit is also 4.9, next year there is talk of 4.5. Overall, how are you looking at the budget? Look at the budget, he has given everything to everyone. Particularly.
They have tried to address all the segments of the lower strata by way of tax reduction or lower tax rate or stoppage. If you look at the rest of the budget paper, you will understand that there are some populist type of benefits, there are quite wide spread benefits, so it is possible that the combination may get a boost.
Well, a month ago after the elections, he had announced MSP very well for the farmers, that is one of the biggest things, you see, as the speech started, first of all his focus was on farmers, so the increase in MSP and the 5-10 lakh rupees given to everyone as stand reduction, I think it is a wide spread consumption at the bottom of the pyramid and we should make some cuts or do something like this, but the way extra income has been given in the hands of everyone, I think it will give a little boost to the compensation.
I want to discuss the theme of compensation with you too, Vijay ji, the 7500, especially if you are in the new tax regime, you have extra money left in your hands, how much difference will that make in the kitty? Rahul ji told me that I do n't actually understand the mathematics. Overall, I feel that this budget is a very good budget in itself, whether you take it in terms of fiscal deficit or look at it for tourism.
Now, I want to give another answer to that. I told you that there are two or three ways for tourism, one is medical tourism due to which income increases in the country and the other one is religious tourism, so in this way whatever they have taken and the other thing they have taken, like they have taken solar, they had told earlier also that they have taken for houses, how many houses, so all this together is going to consume, overall I feel like this, so is it around these themes?
Now I am talking about that investor who is saying that if we are earning then we will have to pay tax too. Now, new money will be seen being invested around the same themes. Then how are you going to position yourself in terms of new investment, if not this, then I would not like to make any new investment.
Q. The market is a bit overheated. Even if I do n't have any idea, I will wait for it a little. And I am almost fully invested and I feel that the old themes that were going on earlier, like infrastructure, are going to continue in the future as well. I feel that the biggest problem in India, which seems to be a red flag or should I say a fear, is unemployment.
The rate of unemployment is 80-90 lakh unemployed every year. Apart from that, those who are leaving their jobs, they need jobs back. So for this, if you bust the manufacturing sector, then it benefits from it. So, I feel that the old themes, wherever the government was focused, will continue and whatever they have said now, all the new policies, the new announcements they have made are around the same thing that the government has been saying earlier.
It was that we have to do this, okay by the way, maybe there is a news that the indexation benefit on real estate has been abolished, maybe Hasta, I am trying to confirm this now because if this happens then this will also be a big negative, okay, I have to go to Ramdev Sir, Ramdev Sir, one last question to you, what returns should we expect from the market now because the last nine years have been a golden period, especially for midcap investors, so the returns that are coming now, firstly, the corporate performance is also, this year we are still saying that there will be growth in earnings in 15-17, so that is one thing, secondly, the participation which has been very strong till now, so I do not see much change in the liquidity flow, so the return expectations which were there, I think this budget will not make any difference, there is nothing like that in it that your market facing returns will be affected, the little changes in taxation will affect your personal after making money in the market, what Ever you have to pay so I don't think it has impacted the market in any way and whatever was your expectation at 15 but your annual expectation is doubling in five years I think that
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