Good Shepherd Church,Versova,Mumbai…Warm and Blessed Morning addressing them on the Union Budget and Equities

Interesting,Warm  and Blessed Morning today at the Good Shepherd Church at Versova in Mumbai……

…….was invited by Captain Mascarenhas to address the Bombay Catholic Sabha on the Union Budget and Equities…..was to address them for 45 minutes to an hour followed by a Q & A Session….had prepared a special presentation……. landed up doing a two and a half hour session…..warm crowd…eager to know how to read the Budget…how will it actually impact the common man…..the problem of subsidies….one gentlemen demanded to know as to why should foodgrain subsidies be given when we have tonnes rotting in our warehouses and open grounds and we are even importing……. and the savvy among them wanted to know if there was any corelation between the Sensex Market Cap and the Total Market Cap !……many even shared some of their thoughts and experiences…many were concerned with the Wealth Tax stipulations in the new Direct taxes Code that will be implemented from April 1,2012….many wanted confirmation that Gold and Silver remain good Investments…and should one go for the ETF Option in them…….

…….showed them how the rising quantum of Corruption is playing havoc…corelated quantums with the challenges of Fiscal Defcits and Subsidies and the overhang of the Damocles Sword of rising Inflation,Interest rates and Oil Prices….

…covered in more detail Non Plan Expenditure….prominently Food,Fuel and Fertiliser subsidies…..Disinvestment…..FDI and FII Investments…..Fiscal Defict and how it is being Financed…..GDP and Inflation……GDP and Market Cap….GDP and Savings….GDP and Tax Revenues……GDP in absolute terms and in Sector wise Growth rates…. and some more

….played out the Sensex Story since inception building up a case for Investment in Equities….spoke about showing statistics ,the turbulent and challenging 2008 to 2010 period and how Equity Schemes of Mutual Funds have not been your friend…..allowing the FIIs to dominate….in fact the dependence on their flows to determine Liquidity,Sentiment,Momentum and Market Valuation ! 

…..explained the difficulty of implementing effectively and honestly the new basis of  distribution of subsidy directly in cash to those Below the Poverty Line…how will you identify those BPL ?….most do not have Bank Accounts….the Unique Identification Authority of India,under ex Infosys cofounder Nandan Nilekani, has started issuing UIDs…these carry five parameters that include biometrics..eye scan and fingerprints…but not Income Levels….UIDAI has now been asked to assist in creating a BPL Card too    read more