General Trading Chat

siddhant4u

Well-Unknown Member
Just an academic discussion aimed at better understanding of the subject matter...


"They will pick profitable routes or one which are very busy" - Isn't that good? We can have (track traffic permitting) multiple trains on busy routes thereby reducing waiting lists...

"govt caring for safety and providing maintenance" - Can't they give out contracts for maintenance and track addition/expansion like the Highway BOT toll model?



Maybe I was misunderstood. What I was actually wondering was why will private players want to compete in a highly subsidized business... won't they suffer similar fates to private sector players in other sectors like electricity distribution, electricity generation, Oil marketing and on lower level the municipal waste disposal sector, all of which have been opened up but were hampered due to a subsidized competitor (only banking and telecom seem to be the exceptions so far but they were not subsidized in the traditional sense)... cross-subsidization has been the bane of the Indian Railways...
Loss making routes will remain with govt and making more losses.
If there are multiple players there has to be single body for maintenance etc which is not a revenue generating dept so tax payers will have to bear the burden. Prvt companies will be increasing tariff each year (could be that rise is linked with consumer inflation) but any troubles and delays will be cause of tracks, signals etc so pvt firm won’t be compensating.
 
FSSAI ban on junk food sale around schools: 2 cr shops to lose over 75% business, traders tell govt
Ease of Doing Business for MSMEs: FSSAI had said that foods high in saturated fat or trans-fat or added sugar or sodium cannot be sold to school children in school canteens, mess premises, hostel kitchens or in an area around school within fifty meters from the school gate.

https://www.financialexpress.com/in...-on-selling-junk-food-around-schools/2087710/
 
Reminded me of exactly 3 years back - did not get Dixon IPO @ 1700... bought it upon listing at 2600... sold it at 32-3500 and felt like turram khan... lost track and eventually forgot about it...
Karnataka’s new industrial policy to push mobile production in state to Rs 30K cr: ICEA
The new industrial policy provides for reimbursement of stamp duty and registration charges, reimbursement of land conversion fee, power tariff reimbursement and exemption from electricity duty.


https://www.financialexpress.com/in...roduction-in-state-to-rs-30k-cr-icea/2087672/
 
FSSAI ban on junk food sale around schools: 2 cr shops to lose over 75% business, traders tell govt
Ease of Doing Business for MSMEs: FSSAI had said that foods high in saturated fat or trans-fat or added sugar or sodium cannot be sold to school children in school canteens, mess premises, hostel kitchens or in an area around school within fifty meters from the school gate.

https://www.financialexpress.com/in...-on-selling-junk-food-around-schools/2087710/
Paves the way for Patanjali / Ruchi Soya in this segment, I guess :D

The kids will never know the fun of the samosawala or the khatta fruits outside the school.
 
Maybe I was misunderstood. What I was actually wondering was why will private players want to compete in a highly subsidized business... won't they suffer similar fates to private sector players in other sectors like electricity distribution, electricity generation, Oil marketing and on lower level the municipal waste disposal sector, all of which have been opened up but were hampered due to a subsidized competitor (only banking and telecom seem to be the exceptions so far but they were not subsidized in the traditional sense)... cross-subsidization has been the bane of the Indian Railways...
Excellent points !!! This should be forwarded to Amitav Kant. Why compare only with the banks, and not other sectors.

On one hand, the experience with private electricity companies is very good - I know about Torrent Power in Surat and Tata Power in Delhi. But the garbage disposal privatization is ...... not very satisfactory service.

With Railways, the government prints this on every ticket "The fares are subsidised upto 53%", making the traveller feel obliged !!!

I am worried that the fares may go up under different guises - base fare + this charge + that charge + this cess + that cess. Maybe the bedding, now charged at Rs. 25, will be charged Rs. 100. Maybe the toilet doors will open only after you scan a QR code for Rs. 100 :)

The passenger may need to pay for the stuff he is not going to use.

But will the railways allow the private players to run barebones travel vehicle like Go Air ?
 
What's this ??

I am not able to figure out this paragraph :

"The states which do not submit their borrowing options before the due GST Council meet on October 5, 2020 will have to wait till June 2022 to get their compensation dues, subject to the condition that the GST Council extends the cess collection period beyond 2022, the sources said."

https://timesofindia.indiatimes.com...o-meet-gst-shortfall/articleshow/78219071.cms

21 states accept Rs 97,000 crore borrowing proposal to meet GST shortfall

PTI | Sep 20, 2020, 06.55 PM IST

NEW DELHI: As many as 21 states, mostly ruled by BJP or parties which have supported it on various issues, have opted to borrow Rs 97,000 crore to meet the GST revenue shortfall in the current fiscal, sources said on Sunday.

The states and union territories (UTs) which have intimated their decision to the Centre are Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Madhya Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Puducherry, Sikkim, Tripura, Uttarakhand and Uttar Pradesh.

Finance ministry sources said Jharkhand, Kerala, Maharashtra, Delhi, Punjab, Rajasthan, Tamil Nadu, Telangana, and West Bengal are yet to respond to the GST Council proposal to decide their options.

The states which do not submit their borrowing options before the due GST Council meet on October 5, 2020 will have to wait till June 2022 to get their compensation dues, subject to the condition that the GST Council extends the cess collection period beyond 2022, the sources said.

GST Council with full presence of states and UTs needs only 20 states to pass any resolution, in case voting is required on any issue, the sources added.

In the current fiscal, the states are staring at a staggering Rs 2.35 lakh crore Goods and Services Tax (GST) revenue shortfall.

Of this, as per Centre's calculation, shortfall of about Rs 97,000 crore is on account of GST implementation and rest Rs 1.38 lakh crore is due to the impact of Covid-19 on states' revenues.

The Centre late last month gave two options to the states to borrow either Rs 97,000 crore from a special window facilitated by the RBI or Rs 2.35 lakh crore from market, and has also proposed extending the compensation cess levied on luxury, demerit and sin goods beyond 2022 to repay the borrowing.

The sources said few more states are also to intimate their borrowing option in a day or two.

They added that Manipur, which had earlier opted to borrow Rs 2.35 lakh crore, later changed its preference to the Rs 97,000 crore option.

The non-BJP ruled states are at loggerheads with the Centre over the issue of funding shortfall.

The chief ministers of six non-BJP ruled states — West Bengal, Kerala, Delhi, Telangana, Chhattisgarh and Tamil Nadu — have written to Centre opposing the options which require states to borrow to meet the shortfall.

While these states want Centre to borrow to meet the shortfall, Centre has argued that the revenue accruing from GST compensation cess goes to the states and the Centre cannot borrow on the security of the tax it does not own.

Under the GST structure, taxes are levied under 5, 12, 18 and 28 per cent slabs. On top of the highest tax slab, a cess is levied on luxury, sin and demerit goods, and the proceeds from the same are used to compensate states for any revenue loss.

The Attorney General for India K K Venugopal had given his legal view on the compensation cess issue where he has opined that there is no obligation on the Centre under the GST laws to compensate for loss of revenue.

He had opined that the GST Council has to find ways to meet any revenue shortfall arising out of GST implementation.

The payment of GST compensation to states became an issue after revenue from imposition of cess started dwindling since August 2019. The Centre had to dive into the excess cess amount collected during 2017-18 and 2018-19 to pay the states.

The Centre had released over Rs 1.65 lakh crore in 2019-20 as GST compensation. However, the amount of cess collected during 2019-20 was Rs 95,444 crore.

The compensation payout amount was Rs 69,275 crore in 2018-19 and Rs 41,146 crore in 2017-18.

During April-July of current fiscal, the total compensation due to states stands at over Rs 1.51 lakh crore.
 
why can't they adopt digital way to conduct....may be spread it over greater no of days...
Yes, this idea needs to take root. They will of course, be able to come up with electronic voting too, whereever voting is needed.

Voice vote is always controversial.

Not that I agree with the below article, but it is a point against voice vote

Dubious voice vote to pass critical farm bills severely dents Indian democracy
https://scroll.in/article/973588/us...al-farm-bills-severely-dents-indian-democracy
 

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