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On Slack: Cash At Home, Collision Course, Massive Move, Taxing FIIs Twice, The First Million, Trump Tariff, Too Much Debt?


On Slack: Cash At Home, Collision Course, Massive Move, Taxing FIIs Twice, The First Million, Trump Tariff, Too Much Debt?

Slack is where the daily action happens. We take pride in our diverse and always helpful member community which includes value investors, fund managers, and professional traders.
Slack discussions are informal yet deep and insightful. They often lead to very useful decisions on investing and trading.
Here is a brief summary of some of the interesting things discussed there in the last few days. Find all older ones here.

#bonds: Reliance Home Fin launches NCD issue

Reliance Home Finance, wholly owned subsidiary of Reliance Capital, on Tuesday launched its maiden public issue of secured and unsecured non-convertible debenture at a face value of ₹1,000 each. The company plans to raise ₹1,000 crore as base issue size with an option to retain oversubscription up to the shelf limit of ₹3,500 crore (₹3,000 crore being the secured NCDs). Hindu Business Line

#bonds: Deutsche Bank: This Chart Underlines the Massive Move From Bonds to Stocks Since the Election

How much money will end up flowing into equities? Bloomberg
On Slack: Cash At Home, Collision Course, Massive Move, Taxing FIIs Twice, The First Million, Trump Tariff, Too Much Debt?

Source: BlackRock

#general: Are American Consumers Taking On Too Much Debt?

Visual Capitalist

#fx-commodities: India Said to Consider Lowering Gold Import Tax to 6% From 10%

India, the world’s second-biggest consumer of gold, is said to be considering cutting the import tax on the precious metal in order to curb its smuggling, according to people familiar with the matter. Bloomberg

#general: The First Million

Getting Started is hard work. Warren Buffett’s right hand man, Charlie Munger is quoted, “The first $100,000 is a bitch”. Warren Buffett made his first $100,000 in the early 1950’s when he was still an individual investor, compounding his capital 50% annually over several years. $100,000 in 1950 is equivalent to about $1 million today. So perhaps Munger’s 2015 version would be, “The first $1 million is a bitch”. Micro Cap Club
On Slack: Cash At Home, Collision Course, Massive Move, Taxing FIIs Twice, The First Million, Trump Tariff, Too Much Debt?

#general: RBI’s latest figures: The math still doesn’t add up

Despite much criticism, the Reserve Bank of India (RBI) has failed to give a credible account of the new notes supplied to the public. In its latest press release on Wednesday, the RBI said it had sent out for distribution to the public 22.6 billion notes of various denomination worth Rs 5.93 lakh crore. Business Standard

#general: Some Respite For Realty Sector

There is some respite for the severely hit realty sector in Bengaluru. The Stamps and Registration department, which was all set to start the guidance value revision excercise, has decided to put it on hold. This, thanks to demonetisation, which has hit property registrations hard and in turn dipped revenue. Bangalore Mirror

#general: Kannadigas may get 100% reservation in private sector industries

The Congress government in Karnataka is mulling 100% reservation for Kannadigas in all private sector industries in the state, barring IT and biotechnology firms, which avail concessions under the state industrial policy. DNA India

#general: Snapdeal to deliver cash at home

Snapdeal will charge a nominal amount of Rupee 1 as convenience fee, which will need to be paid through FreeCharge or through a debit card at the time of booking the order. Livemint

#general: SEBI cautions PACL investors against false promises

Providing more clarity, the watchdog said claims in the case could be filed only in the “prescribed format upon specific notification” by the R M Lodha committee. Economic Times

#general: Mumbai developer held for duping buyers of Rs 5.5 crore

According to Vashi police, Chavhan and his two aides allegedly accepted booking amounts from 133 home buyers for his proposed residential projects in Panvel and Kalamboli. Economic Times
On Slack: Cash At Home, Collision Course, Massive Move, Taxing FIIs Twice, The First Million, Trump Tariff, Too Much Debt?

#macronomics: U.S. and China on Collision Course

China’s capital and currency markets are on a collision course with the U.S., and by extension, the entire world. Economists are fond of saying if something can’t go on forever, it won’t. That truism applies to China. Daily Reckoning

#general: Seat selection at a price: Flying with family to burn a hole in your pocket

Airlines to levy extra charges to select seats of you choice. Business Standard

#macronomics: Trump team floats a 10% tariff on imports

A senior Trump transition official said Thursday the team is mulling up to a 10% tariff aimed at spurring US manufacturing, which could be implemented via executive action or as part of a sweeping tax reform package they would push through Congress. CNN
On Slack: Cash At Home, Collision Course, Massive Move, Taxing FIIs Twice, The First Million, Trump Tariff, Too Much Debt?

#general: Taxing FII’s twice on transactions is a bad idea; here’s why

Given how the government had already burnt its fingers on taxing FPIs, and had to set up a panel under Justice AP Shah to reverse the decision on applying MAT with retrospective effect, it is quite amazing that it should bring in another tax on them so casually. Financial Express

#macronomics: The Opportunity in Italy’s Banking Crisis

The imminent failure of Italy’s third-largest bank, Monte dei Paschi di Siena, is finally bringing the country’s long-festering banking crisis to the center of European leaders’ attention. This may be a blessing in disguise, offering the best chance yet to achieve a lasting solution — and even strengthen the European Union. Bloomberg

#general: Deutsche Bank Reworks Trump Loan as Inauguration Looms

Bloomberg’s Keri Geiger discusses what Deutsche Bank is doing to restructure $300 million of debt held by U.S. President-elect Donald Trump ahead of his inauguration and the bank’s legal problems. Bloomberg

#stocks: Exodus at Reliance Jio continues, Fixed-Line President Vijay Jain quits

At Jio, Jain was looking after the roll out of Fiber-to-the-Home (FTTH) that will complement the largest LTE rollout in India. Economic Times

#general: MtaI opposes DoP’s notification bringing stents under price control

Opposing the recent decision of the government to bring stents under price control, the Medical Technology Association of India (MtaI) has urged the Department of Pharmaceuticals (DoP) to have a holistic view on the decision by involving all the concerned stakeholders i.e. hospitals, physicians, companies in the discussion on price regulations to arrive at a decision which is best for patient health. Pharma Biz

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#Concepts from the past – Bonds Tutorial

Introducing Bond Baba – Beat FD returns with Bonds – Basics
How to Buy Bonds Online – The Basics – Part 1
Cash Flow Based Return of Long Term Bonds Available Online – Part 2
Tax Implications and Nuances of Online Bonds – Part 3
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