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SIMPLE ECONOMICS TROUBLE AHEAD

3 posters

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1SIMPLE ECONOMICS TROUBLE AHEAD Empty SIMPLE ECONOMICS TROUBLE AHEAD Fri Jan 30, 2015 11:41 am

hettihewa


Senior Equity Analytic
Senior Equity Analytic

Country's foreign reserves has been used to settle USD 500 Mn bond in January

Now Treasury needs to raise Rs 65 Bn to bay CB

Calculate how much concessions given to public sector as a election promise because Ravi and RW cannot risk not fulfilling them and go for June election

Where will that money come ?   Saving corruption ?  If you think so you don't understand numbers.  Anyway in SL 60%  fail O/L maths.  So no wonder they can't count the zeros' in large numbers

Money has to come either by printing money which means inflation or by short term borrowing which means high interests

Another thing for sure. No investments on infrastructure development for  along time as little money available needs to be spent on consumption

This is what I understand. I am not an economist.  But an investor scared like hell

2SIMPLE ECONOMICS TROUBLE AHEAD Empty Re: SIMPLE ECONOMICS TROUBLE AHEAD Fri Jan 30, 2015 11:45 am

nalban


Manager - Equity Analytics
Manager - Equity Analytics

You have every right to be worried so am I.
Short sighted to the max. We have this bad culture giving up log term prosperity for the short term fun.

unfortunately very few in this forum say spade is a spade.

3SIMPLE ECONOMICS TROUBLE AHEAD Empty Re: SIMPLE ECONOMICS TROUBLE AHEAD Fri Jan 30, 2015 11:49 am

Spoon

Spoon
Senior Equity Analytic
Senior Equity Analytic

I'm assuming the super gains tax, the mansion tax and all the other new taxes will enable the govt. to increase its coffers to the keep the Central Bank at bay.

I should probably do the math and get back to you. Although I would like a source with regard to the govt. using up ALL of its foreign exchange reserves to settle a $500mn bond.

4SIMPLE ECONOMICS TROUBLE AHEAD Empty Re: SIMPLE ECONOMICS TROUBLE AHEAD Fri Jan 30, 2015 1:40 pm

hettihewa


Senior Equity Analytic
Senior Equity Analytic

Spoon wrote:I'm assuming the super gains tax, the mansion tax and all the other new taxes will enable the govt. to increase its coffers to the keep the Central Bank at bay.

I should probably do the math and get back to you. Although I would like a source with regard to the govt. using up ALL of its foreign exchange reserves to settle a $500mn bond.



Hello who said all reserves. ? ..... Reserves were around USD 1 Bn a few months bk

Super gains tax will affect the dividend distribution of listed companies. Taxing high performers is not the way to motivate.

Once again thats what my simple brain understand. You might know better

5SIMPLE ECONOMICS TROUBLE AHEAD Empty Re: SIMPLE ECONOMICS TROUBLE AHEAD Fri Jan 30, 2015 1:54 pm

Spoon

Spoon
Senior Equity Analytic
Senior Equity Analytic

hettihewa wrote:Hello who said all reserves. ? ..... Reserves were around USD 1 Bn a few months bk

Apologies. I read your initial post as "Country's foreign reserves have been used up." My mistake.

hettihewa wrote:Super gains tax will affect the dividend distribution of listed companies.  Taxing high performers is not the way to motivate.

Yes. But I don't see how it will not compensate for the current concessions. It may be demotivating but it should raise a pretty penny for the government.


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