Reblog: Union Budget 2018: Key takeaways and sector-wise highlights


New Delhi: Finance Minister Arun Jaitley delivered the current government’s fifth and last full financial budget (Budget 2018 for the fiscal year 2018-19) amid subdued economic growth, challenging fiscal situation and farm distress.

While a budget covers a plethora of items and heads, the mix can leave a lot of people confused. This budget is rendered all the more important as there are elections coming up in eight states this year and the Lok Sabha election next year, all of which put tough demands on the Finance Minister.

India is the world’s fastest-growing economy, said the Finance Minister as he announced the Budget. He lauded the govt’s moves to contain black money and encourage tax formalisation. Batting for GST, he said it ensured tax simplicity, demonetisation paved the way for a digital economy.

“When the Narendra Modi government took over, India was considered to be one of the fragile five economies of the world. Our government reversed the trend,” Jaitley said.

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How to hunt value and discounts in market!


The original post is by Mastermind, Megabaggers and appears here.

I find it ironic that more research is being done today than at any point in time in the past, yet a lot of value investors are failing to beat the market.

Ironically, the mountain of articles on popular investing websites just aren’t helping. Part of the problem might be due to the “more brains” problem Graham cited years ago. Since everybody on Dalal Street is so smart, all those brains ultimately cancel each other out.

This glut of brain power, investment research, and investors clamouring for bargains does not mean that you can’t beat the market. But, knowing how to pick value stocks is a key requirement, along with having a good strategy and being prepared to do things that most other investors aren’t.

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