Finance Minister Nirmala Sitharaman is currently behind the scenes as the chances of failing in her responsibilities are increasing. Sitharaman stands in the shadow of former finance minister Arun Jaitley in every way and his attitude and activity seem to be carrying on Jaitley's legacy. Arun Jaitley was supposed to worry about the country for the past five years of the NDA government, instead the country's traders, industrialists, Investors and common citizens had to spend five full years worrying because of Arun Jaitley. Now it seems that Nirmala Sitharaman is even better than Jaitley. They have been active in the direction of stopping the things in the country's economy that are still going well in their old rhythm. Its tragic consequences have now begun.
There has been a mass retreat of foreign investors from the Indian stock Market and the ups and downs have continued every week. Indian stock market lacks current. So the government should wake up to such a nose-diving collapse and the finance secretary should call an immediate meeting to assess the currency trend on the market's reactionary decline, but Arun Jaitley's rite is to watch calmly. Never admit or correct your mistakes. That is why the foreign investors started to move, even Sitaraman's stomach water is not moving.
We have several foreign investor organizations registered as trusts there. There has been a flurry since Seetharam in his budget slapped an additional surcharge on these trusts if they make a profit of more than Rs 5 crore. Now if those foreign investors want to avoid any surcharge in future then the trust has to be shown as a corporate company. It is a lengthy administrative process, a legal back-and-forth between the Registrar of Companies and the Charity Commissioner, which can take up to a year to complete. Until then, fearing that crores of rupees will be strained in taxes, the foreign organizations are rushing to collect both their chess and chess pieces from the Indian market by making massive sales. If the Indian government decides, it can deter foreign investors by dropping the additional surcharge and be generous to attract new ones.
e. S. After the severe blow of the global recession of 2008, Gold fell, and five years after that, the bullishness of gold in the market is now starting to appear in gold. Gold prices are moving above 60000, but even if gold may still go up a couple of steps, it will be difficult for it to hold the higher level, because bearish zanzanils are blowing in all the bottom markets. The circles of jewelery market of Rajkot, the main gold market of the country where the price of gold for the whole country is determined, believe that gold will be stabilized at a slightly higher level from its old price.
A flood of investors has suddenly turned to gold, but just as the Ministry of Finance of the Government of India will soon bring in the de-mat account law of assets of all citizens, institutions and companies in the country, so will the de-mat account law of gold. That means you can neither hold nor sell any gold which is not shown in your Gold D-mat account. As the government wants to take care of the creation of wealth, it also wants to sit on the gold of the people. This is the hierarchy of Arun Jaitley's ideology and it will not go unrevealed. This is not unknown among the experts, but the flow of new investors in gold is unknown to the government.
Due to the finance minister's negative approach to all markets, recessions often shift to Khalsa policies, and it is in the broad interest of investors not to hope for a flare-up if there is a puff of bullish smoke every now and then. Returning inaction to take corrective action has made the market more fluid which in sum will only create a divisive situation. It is also surrounded by the waterless and white clouds of the weak monsoon.
