Banks are rising on hopes of recovery in NPAs through NCLT mechanism. The mechanism is still slow and full of legal hurdles A few cases have been resolved. Also, looking at the slow and long legal process seen in case of Essar Steel, potential buyers could stay away in future auctions. Or the Government and NCLT would have to lay down clear guidelines and the court intervention needs to be restricted. Personally feel that there will be takers initially but once the strong industrial groups of Tatas, Jindals, Vedantas, Ambanis etc buy some of these assets, there will be few takers for the remaining long list of NPAs. Markets are also ignoring new set of NPAs coming from IL&FS, Anil Ambani Group, Airways, even telecommunication companies like MTNL,.BSNL etc. Many of these companies are bleeding badly. BSNL’s total losses have crossed Rs 90000 crores.

Net direct tax collection during April-January of this fiscal stood at Rs 7.89 lakh crore against Rs 12 lakh crore targeted for the entire fiscal To meet the shortfall, CBDT chairman P C Mody held a meeting with senior tax officials to review collection figures ahead of the deadline of advance tax payment of Friday. A gap of Rs 1 lakh crores may still remain despite good intentions. The current quarter has not been that great. The Government had increased the budget target from Rs 11.5 lakh crores to Rs 12 lakh crores in the interim budget. Actually there will be shortfall even on the basis of the original target of 11.5 lakh crores.

Last week, RBI has bought about $ 5 billion from banks and paid off banks with Rupee equivalent amount. They will reverse the trade in 2022. This was to suck up dollar and release rupees into the system to stop rupee appreciation. But that did not happen. On the contrary, rupee has started appreciating sharply. Actually we are missing one major thing. While all Global central banks and countries are over leveraged, India as a country is much less leveraged, when we see external debt as a percentage of GDP. So, may be Indian currency would appreciate really well, if crude oil prices remain under check.

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

In absence of a response/complaint not addressed to your satisfaction, you may lodge a complaint with regulators: SEBI | NSE | BSE | MCX | CDSL | NSDL

Note: Please quote your Service Ticket/Complaint Ref No. while raising your complaint at SEBI office on toll free no. 1800 22 7575 / 1800 266 7575 or fill complaint at SEBI Scores Portal at https://scores.sebi.gov.in/

After exhausting all available options for the resolution of the grievance, if you are still not satisfied with the outcome, can initiate dispute resolution through the ODR Portal: https://smartodr.in

In order to enhance investor awareness, transparency and ease of access to information relating to securities holdings, the Depositories, in co-ordination with SEBI , have upgraded their respective investor applications (link of mobile application mentioned below) providing a consolidated, bird’s eye view of investors’ holdings in securities markets.

The above mentioned applications of CDSL and NSDL has following features;

Internet-enabled services like Speed-e (NSDL) empower a demat account holder in managing his/her securities ‘anytime-anywhere’ in an efficient and convenient manner and submit instructions online without the need to use paper. These facilities allows Beneficial Owner (BO) to submit transfer instructions and pledge instructions including margin pledge from their demat account. The instruction facilities are also available on mobile applications through android, windows and IOS platforms.

Account opening through digital mode, popularly known as “On-line Account opening”, wherein investor intending to open the demat account can visit DP website, fill in the required information, submit the required documents, conduct video IPV and demat account gets opened without visiting DPs office.

As you are aware, under the rapidly evolving dynamics of financial markets, it is crucial for investors to remain updated and well-informed about various aspects of investing in securities market. In this connection, please find a link to the SEBI/Exchange’s website where you will find some useful educative material in the form of text and videos, so as to become an informed investor.

SEBI: https://investor.sebi.gov.in/ BSE: https://www.bseipf.com/investors_education.html NSE: https://www.nseindia.com/invest/how-to-invest-in-capital-market MCX: https://www.mcxindia.com/Investor-Services/investor-awareness

We believe that an educated investor is a protected investor!!!

Due to maintenance activity, all our trading/web application(s) shall be unavailable for access from Saturday, September 30, 2023, 06.00 AM to Monday, October 02, 2023. Please note that our system/application(s) will resume from Tuesday, October 03, 2023.

Investors are requested to note that Stock broker M/s Goldmine Stocks Pvt Ltd is permitted to receive money from investors through designated bank accounts only named as Up streaming Client Nodal Bank Account (USCNBA). Stock broker (M/s Goldmine Stocks Pvt Ltd) is also required to disclose these USCNB accounts to Stock Exchange. Hence, you are requested to use following USCNB accounts only for the purpose of dealings in your trading account with us. The details of these USCNB accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

In case of investor can deposit funds in your trading account, after successful payment funds shall be automatically updated in your trading account in few minutes. If you do not see funds in your account within the timelines and/or any other query related to funds transfer please contact to our account department via email on accounts@goldmine.co.in

Source: SEBI | Study – Analysis of Profit and Loss of Individual Traders dealing in Equity F&O Segment

In case of transposition-cum-dematerialisation, client can get securities dematerialised in the same account if the names appearing on the certificates match with the names in which the account has been opened but are in a different order. The same may be done by submitting the security certificates along with the Transposition Form and Demat Request Form.