The Laal Street Journal
To cut a Long story Short
Budget gets a thumbs-up from Chameli
(TLSJ reporter)
In an exclusive chat with TLSJ, Ms. Chameli talked about the latest Budget & its impact:
TLSJ: "So what's your first reaction on this union budget?"
Chameli: "I would give 7.5 out of 10 to the FM. Firstly I thank him for not including our profession in the service tax net. You see....Lawyers & us have something in common with our core business activity."
TLSJ: "Do you see any impact because of STCG?"
Chameli: "Yeah, that's a bit of negative as many of my cleints were short-term traders. I have always preferred them over long-term investors"
TLSJ: "Would you like to elaborate on that?"
Chameli: "Look those long-term investors spend a lot of time in consolidation. And as far as short-termers they lack patience so I'm able to achieve high turn-over."
TLSJ: "Any other sector specific observations?"
Chameli: "Excise cuts to Pharma industry & AIDS related medicines is a big positive. I'm quite happy with proposed sops to the rubber industry."
TLSJ: "Rubber....you mean it helps tyre makers so your clients reach faster?"
Chameli: "No Sir....not Tyres I'm more concerned about who tires first."
TLSJ: "One last question; Aap ka Sone ke baare mein kya khayal hain?"
Chameli: "Kiske saath?"
TLSJ: "Ahem....I was talking about investing in Sona...Gold"
Chameli: "Aisa clear bolo na! Look Mister, when all people are going after that asset class, I fail to understand how big money will be made. Even in our profession, when clients go after a particular asset, usually either the client or that asset suffers a lot."
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