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EXCHANGE RATE PREDICTION: 2022

Expectations of budget reversal and possibilities  Vote_lcap16%Expectations of budget reversal and possibilities  Vote_rcap 16% [ 43 ]
Expectations of budget reversal and possibilities  Vote_lcap21%Expectations of budget reversal and possibilities  Vote_rcap 21% [ 57 ]
Expectations of budget reversal and possibilities  Vote_lcap30%Expectations of budget reversal and possibilities  Vote_rcap 30% [ 83 ]
Expectations of budget reversal and possibilities  Vote_lcap34%Expectations of budget reversal and possibilities  Vote_rcap 34% [ 93 ]

Total Votes : 276

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Expectations of budget reversal and possibilities

Expectations of budget reversal and possibilities

3 posters

Go down  Message [Page 1 of 1]

Joe007


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

If the government reverse the budget ,The following sectors or companies will affect
Motor sector, power sector, LLUB,NEST, CTC, LMF , SINS,SHL, etc........
May affect- DIST, LION, BREW,
May benefit- Tile sector

My prediction of budget proposal
---------------------------------------------
1) 100% guarantee on deposits at finance companies must be withdrawn and limits must be introduced.

2) Tax free allowance for individual must be cut down from Rs 2.4 million to Rs 800,000 or 700,000. Rs 2.4 million is too much and unacceptable which is not available not even in developed countries.

3) Reintroducing the withholding tax for deposits at the financial institutions and should be increased. This will encourage treasury and local investment. Those who earn less than tax free allowance can claim tax free interest by filling a form and inland revenue can be notified to avoid fraud and keep the country secure form illegal source of funds too. benefits for senior citizens should not be changed under any circumstances.

4) all the subsidies must be stopped immediately.

5) reintroducing negative list of BOI list on tile sector which will creat local employment and foreign exchange in imports.

6) removal of levy transaction on share investment must to be reintroduced. I am sure they will not because CSE future will be questionable then.

7) tax free allowance for importing vehicle for all must be stopped. Those who oppose this proposal in the parliament must be published to the public for rights to know as voters and citizens of the country.

Cool will write more later.....


Another solution
------------------------
1) Srilanka must support and seek international help to track down stolen money and illegal funds openly. To be honest if the government finds those funds, it is nearly more than half of the country's debt is solved. International representations must be involved and further fraud will be stopped automatically.

Joe007


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Correction--- in capita letters
---------------------------------------
5) foreign exchange in EXPORTS.

6) removal of levy transaction on share investment must NOT be reintroduced.

Joe007


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Telecommunication sector will also affect.

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

1) 100% guarantee on deposits at finance companies must be withdrawn and limits must be introduced.

Are you mad ? Do you own loss making Finance company?

Joe007


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

If any finance company fails then central bank has to take the responsibility of 100% deposit according to the budget proposal. On the other hand , the central bank has not given any guarantee not more than Rs 300,000 and they have completely ignored the proposal as they know that it was not appropriate to the banking system. Most of the depositors don't know these facts.
It was a wrong proposal by the finance minister but it has not been corrected and unacceptable in the banking system.

It has many reasons why I am telling. If you are not sure please go back to the older posts during the budget proposal time and see then you will understand very clearly that I have written.

wisdom78


Manager - Equity Analytics
Manager - Equity Analytics

Joe007 wrote:Correction--- in capita letters
---------------------------------------
5) foreign exchange in EXPORTS.

6) removal of levy transaction on share investment  must NOT be reintroduced.
U have small knowledge about shares market but Quibit , Mr maharaja sir have a very big knowledge about shares market . They are doing great service to small people

Joe007


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Thank you.

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