General Trading Chat

[timepass]

This sounds like good news for the markets.

S&P affirms India's 'BBB-' rating; sees limited space for fiscal stimulus
2 min read . Updated: 25 Sep 2020, 05:18 PM ISTAsit Ranjan Mishra

• S&P warned it may lower the ratings if India's economy recovers significantly slower than it expects FY22 onwards or net general government deficits and the associated accumulation of indebtedness materially exceed its forecasts

https://www.livemint.com/news/india...space-for-fiscal-stimulus-11601033007034.html

 

[timepass]

CAG drops another bombshell

Centre used ₹47,000-cr GST compensation cess elsewhere, violated law: CAG
5 min read . Updated: 25 Sep 2020, 05:25 PM ISTPTI
CAG flagged that the amount was to be credited to the non-lapsable GST Compensation Cess collection fund for payment to states for loss of revenue due to implementation of GST since 2017, but the govt didn't do so

https://www.livemint.com/news/india...lsewhere-violated-law-cag-11601034392808.html

 

[siddhant4u]

CAG drops another bombshell

Centre used ₹47,000-cr GST compensation cess elsewhere, violated law: CAG
5 min read . Updated: 25 Sep 2020, 05:25 PM ISTPTI
CAG flagged that the amount was to be credited to the non-lapsable GST Compensation Cess collection fund for payment to states for loss of revenue due to implementation of GST since 2017, but the govt didn't do so

https://www.livemint.com/news/india...lsewhere-violated-law-cag-11601034392808.html

when Rafale price disparity wasn't an issue for Indian public, small change won't be an issue.. for whatsapp university CAG may stand for congress auditor general

 

[Dr. Jan Itor]

S&P affirms BBB- rating for India, says outlook stable

https://www.thehindubusinessline.co...india-says-outlook-stable/article32697459.ece

 

[Dr. Jan Itor]

Thats what you get for celebrating/trending National Unemployment Day...
Govt unlikely to revoke PUBG ban despite Tencent licence withdrawal: Report

https://www.business-standard.com/a...licence-withdrawal-report-120092501615_1.html

 

[Dr. Jan Itor]

KV Kamath: India's Destiny Is Over 10% GDP Growth | Full Interview | Indianomics | CNBC-TV18

 

[timepass]

Twists and turns in Vodafone saga

India asked to pay Rs 40 crores, not Rs 20,000 crores to Vodafone Group: Govt sources
After UK telecom major Vodafone Group won an international arbitration against India, the central government has been asked to pay only Rs 40 crores to the telecom giant, government sources said on Frid
https://telecom.economictimes.india...rores-to-vodafone-group-govt-sources/78327713

 

[siddhant4u]

Twists and turns in Vodafone saga

India asked to pay Rs 40 crores, not Rs 20,000 crores to Vodafone Group: Govt sources
After UK telecom major Vodafone Group won an international arbitration against India, the central government has been asked to pay only Rs 40 crores to the telecom giant, government sources said on Frid
https://telecom.economictimes.india...rores-to-vodafone-group-govt-sources/78327713

This govt is all about maintenance of image! Agree that govt will have pay 85 Cr. But it wont be getting billions it demanded earlier from vodafone. I’m sure that once demand for rs 20,000 cr were raised, govt must have included it as part of receivables in budget.

 

[travi]

This govt is all about maintenance of image! Agree that govt will have pay 85 Cr. But it wont be getting billions it demanded earlier from vodafone. I’m sure that once demand for rs 20,000 cr were raised, govt must have included it as part of receivables in budget.

By that logic what was MM Singh Govt thinking in 2007 when they conjured up this ploy

In 2012, even Supreme Court ruled in favour of Voda and what did they do ?
tear ordinances ( It was MMs Govt then also )

SC judgement would definitely have boosted their case and it may even be obvious that int'l court will say the same. Now even fresh appeals will keep strengthening their case so Govt of the day might as well close it and get a moment to harp on it in prime time debate.

 

[Dr. Jan Itor]

Cairn vedanta deal is also similar one... that too in under arbitration and this verdict may prove a precedent for that case too...