NIFTY| NSE | BSE | SENSEX | STOCK |MARKET LIVE |SHARE MARKET LIVE |INDIAN STOCK LIVE |NIFTY LIVE | UPDATES JULY 27 2020
1. The money credited to clients’ accounts after sale of shares in their demat account can only be used after T+2 days. Currently, brokers allow clients to use this money immediately for trading.
2. Brokers cannot pass on penalties on short collections of upfront margins. Essentially, this means that traders cannot use money credited into their account after exiting F&O positions immediately either.
We need to take medium-term perspective on Indian economy. We must leverage on IT, communication to power growth.
COVID has hurt start-ups in terms of availability of funds. Even before COVID, spends on technology were falling. Regulatory uncertainty on work permits may affect India’s infotech sector.
Fortunes are shifting in favour of farm sector. India has emerged as leading producer of many crops and milk. Crop price incentives have been costly and sometimes inefficient. Recent farm reforms have opened up new opportunities.
India has become a power-surplus country. The share of renewable energy is now at 23 percent against 11.8 percent in March 2015. We need to move to installing sufficient domestic capacity in solar panels. A steep fall in generation cost has led to growth in renewable. We must end cross-subsidisation of other sectors by industry.