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Economy

You Will Not Believe The Real Cost of the Subsidized Insurance and Pension Schemes In The Budget

There were three new “social” schemes in the budget. These sounded like big government expenditure and the devil is obviously in the details. We ...
Premium

Portfolio: Changes and Additions and Recaps

We make some changes to the CAPM Portfolio. This post is for Capital Mind Premium subscribers ...
Charts & Analysis

Jan and Feb Positive For Stocks: What Does March Look Like, Historically?

The Nifty went up 1.1% in Feb 2015, taking the 2015 return to 7.5%. With two consecutive months of gains, this looks like a good month. March has a negative ...
Economy

RBI Agrees To Meet 4% Inflation Target, + or – 2%, Starting Jan 2016

Inflation targets are now at 4% starting Jan 2016. This is now a stated goal, with the Government and the RBI agreeing on it. Plus, the RBI needs to come back ...
Economy

Macronomics: The Budget, It's Impact on Bonds and Rates and Equity

We discuss the impact of Budget 2015 on the financial markets. This post is for Capital Mind Premium subscribers ...
Economy

You Thought Service Tax Was Hiked to 14%? It Might Be 16%.

Service Tax in Budget 2015 was moved to 14% from the 12.36% we were paying earlier. But there’s a sneaky thing in the budget that allows them to push it ...
Economy

Budget 2015: Balancing the Budget By Massively Overestimating Tax Collections

Yes, we missed Budget Estimates by a huge margin. But how are our estimates, in terms of growth over the previous year, compared to earlier times? Let’s ...
Economy

We Just Missed Revenue Estimates by 63,000 Crores. And The Biggest Culprit: Service Tax

India is brilliant, they’re going to tell you in the news tomorrow. But what really has happened in the last year is absolute carnage, in terms of both ...
Economy

Is There a Rs. 30,000 cr. Debt Swap Planned For March?

Something seems off in the Budget Calculations. Every year we spend more than we earn. We borrow the difference, typically as market debt called Government ...
Economy

Budget 2015: More Taxes, No Wealth Tax, More Other Taxes, Black Money Attacks

Budget 2015 wasn’t quite a blockbuster budget. It’s more of a pocket buster, as the biggest thing inside it is: Taxes are up. No Tax Rates Changed, ...