Thread by @RenukaJain6

Today had the opportunity to spend time with one of the finest fund manager in mutual fund. One to one talk. Just sharing some ideas we came up with to bring cheer to Economy. RT ideas you feel are worth pondering

1. Scrap LTCG. It is a dampener on the broader stock markets. Nifty is going high only on few stocks when many small and midcap good quality companies have no markets for trading.

No asset class including real estate has generated wealth. So consumption is suffering. Scrap LTCG

2. Infrastructure in India is behind other Emerging Economies. Reason that state and centre have 50% say. Every five year state govt changes and infra brought to halt

Example AP and Maharashtra

Infra are long gestation. If interrupted are huge loss to exchequer

3. Make amendments. Bring Infra to a separate professional committee with less interference of state and centre. That way Infra will progress fast with no delays and we shall have world class infrastructure very fast

4. Today a guy with low cibil score is struggling. It might be due to delay in some credit card payment. Delay may not be intentional. But he fails to get credit for car or bike or home.

These things should be checked.

5. Many times fraud committed by promoters without Board knowledge makes company suffer, even if with strong fundamentals. Banks need to differentiate between company and promoters. If you will freeze company itself, how does it pay dues ?

6. There is a big gap between Corporate tax and individual and partnership tax. Individual taxes need to be brought down to match corporate taxes

Give that good feeling to consumers. By equity gains and lower taxes. Consumption will boost by own

7. China has created many more cities. We should aim to create one city every year. Remember not like that of Gurgaon. But which is well planned

When a city is planned. Then cement, labour , steel all grow up.

We need to think on those lines.

Huge demand, job creation

8. China many times allowed people to buy luxury goods even BMW with cash. No questions asked. Yes it is tax evaded money. But end of the day it gets into economy. Govt gets benefit by way of indirect taxes

We all know many are sitting on cash.

9. Make cities like for example KM away from Mumbai. Where Bollywood does all their concerts. Tell Bollywood guys. Rather than spending dollars abroad, do your concert here

Similarly a city for retired people

10. Shift wholesale markets like Sadar bazzar and chandan I chowk 100 KM awY from Delhi

Make best Infra for them. Develop Old Delhi as green and tourist area

Will create jobs and export opportunities

11. We need to introspect why Chinese companies shifting out of India go to Vietnam and not us

Simple. We need less red Tapism. Lower land prices, which unfortunately controlled by politicians and labour reforms

Time is timing out.

12. We still import compressor for AC from China. The demand will only go up. Why not ask the guy the put up factory in India itself. This is just an example. There are many more products. Approach them. Talk to them. Know their apprehensions.

India can be manufacturing hub

13. Most important. We don’t need strong currency but we need devaluation. That will boost exports immediately. Check the currencies of other emerging economies to our. They depreciated and have huge benefits.