My ruminations on capital stake policy reforms

Good evening greetings to fellow erudite intrigued strata, on eve of imminent fiscal initiative season commencement !!

Inducement to scribble an encapsulation of my ruminations, in context of recent capital stake in equity form policy amendments.

In my view, segments of undertaken fiscal reforms and economic governance policy moderation initiatives were already synonymous of being discernible antecedents – culminating towards growth impediments and dismay across this unorganized sector, now, rather to exacerbate the scenario, existing even prior to recent statutory abatement, in context of stipulations, attributable to equity stakes in capital intensive sector alike absolute retail, the recent policy initiatives have only exacerbated the scenario, in context of strata of this sector !!

.. (read more) ..

The Fiscal Disenchantment ‘ – December 2016

Well  ..  a fiscal despair scribble betrays optimism, consequently seldom induces hospitality ..

Consequently, endure the despair, rather, ought culminate towards fiscal introspection, rather !!

Well  ..  if the perusal of my earlier glossy foreign direct investment regulations & economy slackening regulation scribbles – culminated towards an intellectually conjured up fiscal fiction comprising mammoth capital flows, forex, boom – intellectually,

or,

the ostensible euphoria clad foreign direct investment route investments regulatory based slackening of economy via equity stakes communique – purported to culminate towards silver fiscal capital flows, equity stakes, rupee valuation and other virtues perpetually, then,

endure despair !

 Fiscal despair !!

Reevaluate !! Conjured up optimism sans introspection ??

Despite the optimistic fiscal regulatory statute based economy slackening, ostensibly, foreign direct investment route has been persisting with a redundant tag !!

That’s in affirmative !!

Sans a trivial culmination towards effectuated projects, comprising actual capital investments, overwhelming strata of the regulation has been decaying as redundant !!

Euphoria clad initiative had an ostensible conjured up fiscal scenario comprising incoming forex flows, investment proposals, capital flows, consequent number creation, rupee valuation, and what not !! However, overwhelming proposals in context of regulations, in retail investment, has been via other routes – except direct equity stakes investments routes !!

Aforesaid fiscal despair & consequent disenchantment, consequently, solicits grave fiscal, statutory introspection in context of the India-averse perception – ostensibly ubiquitous across the stakeholders involved in foreign investment routes, rather than being naive to persist with conjured up fiscal fiction – for political virtues.

A pessimistic fiscal scenario, as aforesaid, ought solicit grave perusal & introspection of fiscal attributions such as dearth of adequate direct, indirect fiscal abatements to foster initial investments, in context of risk averse stakeholders, liberal labour statutory framework, dearth of pertinent industry acumen, infrastructure issues, corruption indices, law order perception proliferated across global investing entities, etc,

&,

most significantly, in my view, the ambiguous, and ostensibly, perception of irreconcilable Federal Union relationship, in context of fiscal structure, regulatory framework, & consequent ubiquitous ambiguity across investors, and to supplement, rather exacerbate, is the aberrant retrospective legislative perception ubiquitous across global investors.

.. ( Refer the detailed technical article in the journal with figures, etc )

That’s discernible ! Now !

 

So, the mortals have embarked on an apparently perpetual fiscal excursion culminating unto the advent of rebellious ostentatious legislation !!

Eureka !! Eureka !!

Optimistic anticipations resonate aloud – consequent upon which (though all have been intellectually coerced,  courtesy the usual crony capitalist intermediaries, to discern – a conjured up obscure fiscal scenario) – would comprise a rebellion vs the average figures, and towards the obscure perpetual growth territory !!

Usual courtesy capitalist intermediaries !!

As the mortals persist to embark on the fiscal path to the institutionalizing of the ostentatious legislation, apart from the perplexities attributable to induction & implementation, predominant conjectures pertain to legislative tariff structure.

In context of the excursion developments, endured a fiscal jolt ! Perused news item encompassing figures by V.Kaul – comprising following figures. Its perusal would, to great extent, elucidate the anticipated legislative scenario !!

as of August 31, 2016, the CGA declared the fiscal deficit number for the period April to July 2016. During the period the fiscal deficit of the central government was at Rs 3,93,487 crore. This was at 73.7 per cent of the annual target for the financial year and is the highest in eight years.

I concede, though, partly, such figures are also attributable to the aberrant arrear obligations, however, aforesaid figures are simultaneously vehemently reflective of the flawed fiscal policies & consequent obnoxious inequitable distribution of wealth scenario.

Aforesaid jolt is synonymous of yet another indication, or to employ expression clad in subdued attire, anticipated worst tariff, being much offensive vs the neutral rate, of the rebellious legislative framework would be the manifestation of flawed fiscal framework scenario – such as aforesaid.

Still endeavoring .. being optimistic ..

LoL !

Fiscal transgression

Comptroller vs Oil exploration sector – in context of prospective capital flows – my posts on twitter :

Gravely skeptical of prospective forex investments or capital inflows, consequent impediments and fiscal repercussions on capital inflows in Oil sector, specifically the capital intensive sub-sector, being exploration sector, vs alleged transgressed comptroller interference with trivial intricacies of the exploration agreements !

Fiscal, commercial factions apparently discerning conduct as transgression, would be conducive for prospective capital flows or exacerbate the perception ?

Subsequent to exacerbation, in context of capital inflow scenario, attributable to retrospective fiscal legislative saga, comptroller’s intrusion in Oil exploration sector would further exacerbate and be a significant impediment – in context of capital inflows, in the respective sectors.

Fiscal transgression

Comptroller vs Oil exploration sector – in context of prospective capital flows – my posts on twitter :

Gravely skeptical of prospective forex investments or capital inflows, consequent impediments and fiscal repercussions on capital inflows in Oil sector, specifically the capital intensive sub-sector, being exploration sector, vs alleged transgressed comptroller interference with trivial intricacies of the exploration agreements !

Fiscal, commercial factions apparently discerning conduct as transgression, would be conducive for prospective capital flows or exacerbate the perception ?

Subsequent to exacerbation, in context of capital inflow scenario, attributable to retrospective fiscal legislative saga, comptroller’s intrusion in Oil exploration sector would further exacerbate and be a significant impediment – in context of capital inflows, in the respective sectors.

Encapsulation of ostentatious legislation

Good evening !!

My Twitter encapsulation in 140 characters – attributed to ‘THE’ ostentatious, aggrandizement venture .. oh .. legislation of the century has been :

Purportedly rebellious, unveiled in an ostentatious aggrandizement endeavor, the proclaimed ‘transforming’ fiscal legislation is a capitalistic tool to coerce replenishment of the deficit of mammoth abatement to corporate.

Soliciting learned responses ! 🙂

‘Dearth of diligence’ perception

Good evening !!

Perusal of published limited review opinions or disclaimer opinions by chartered accountants – on public capital deploying corporations / financial institutions of India or perusal of fiscal outlook reports of global investment banking research arms – regarding public capital deploying corporations / financial institutions of India – have only exacerbated the ‘dearth of diligence’ benchmark perception – and both aforesaid opinions attribute grave skepticism, cynicism as well as despondency – towards the whole prevalent scenario of prudence systems, diligence systems as well as internal control systems – in context of whole financial institutions sector deploying public corpus in India.

Off late, colossal public corpus valuation, consequently public capital valuation, is being impaired owing to statutory provisioning, NPA & norms – mandated by RBI / SEBI or mandated under statutory financial reporting standards.

Hence, consequently, skepticism is bound to accrue, as a corollary, towards dearth of vigilant internal control systems, obsolete diligence and prudence exercise systems – prevailing across financial institutional framework across Indian financial institutions & corporations.

Rather exacerbating & perplexing part seems to be – non existent suo-motu vigilant review – even by, so perceived, vigilant watchdog comptroller auditor general of India – despite such colossal impairment and dilution to public capital base.

In context of aforesaid prevalent cynical scenario, time seems propitious for RBI / SEBI / Chartered Accountants research bodies – to pronounce & stipulate the threshold benchmarks – for mandatory adherence – in exercise of prudence diligence benchmarks – especially in context of public capital deployment.