New mining bill
I am scratching my head here.
Whats the new mining bill for?
Share 26% of your profits with locals.
Great - atleast the locals and tribals will benefit.
But, here is where I scratch my head, what about the tax that they pay?
Why can't government use it to the benefit of the locals?
Must be something I have to dig up into.
So thanks to the new mining bill, stocks go one way --- DOWN
Coal India, Tata Steel, Sterlite.....you name it.
Would it have been a super idea to short these stocks (Derivatives) because most of us knew about this bill?
Would you now look at Coal India, Tata Steel and say "Slurp, this looks super inviting"?
I am scratching my head here.
Whats the new mining bill for?
Share 26% of your profits with locals.
Great - atleast the locals and tribals will benefit.
But, here is where I scratch my head, what about the tax that they pay?
Why can't government use it to the benefit of the locals?
Must be something I have to dig up into.
So thanks to the new mining bill, stocks go one way --- DOWN
Coal India, Tata Steel, Sterlite.....you name it.
Would it have been a super idea to short these stocks (Derivatives) because most of us knew about this bill?
Would you now look at Coal India, Tata Steel and say "Slurp, this looks super inviting"?
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