Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌

Thursday, August 11, 2016

Unitech Ltd: Buy
CMP: Rs.6.20
The Goods and Services Tax (GST), cleared by the Rajya Sabha, is a comprehensive indirect tax reform, which will be implemented throughout India and has broad implications on all sectors; including the real estate.

The implementation of GST can bring transparency in the construction and real estate industry, as per some property consultants.

Thus, GST is likely to bring about a major change in real estate sector at certain layers, but it all depends on the nature of transaction and rate of tax. 

The GST bill would benefit the real estate sector by creating a uniform tax structure. This would lead to better tax compliance by the builders and developers. Under GST regime, realtors see lesser tax burden on raw materials such as cement and steel. This will result in lower construction costs for developers.

The stakeholders are hoping for a positive impact of GST with no high fixed percentage tax which could boost the real estate market.

One thing is now almost certain: if the GST Act is implemented in the present form, it would increase the cost of real estate; which means those properties, which have already been constructed could see a positive domino effect on their prices - - helping companies like Unitech Ltd.

However, having said this, it is pertinent to mention here that the direct impact of GST on real estate will depend on whether the final GST rate is more or less than the taxes paid currently. Also, the roll out of the GST will take some more time and it is expected that the NDA governments will take due care of of any problem arising out of its implementation in the initial period; probably till one year. 

Buy Unitech Ltd at Rs.6.20, for a short term target of Rs.7.20. The Q1FY17, results of the company would be along the expected lines and the implementation of the GST (whether in its present form or a modified version) is a future event, so not much worry. 
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