SUPREME COURT SLAPPED GST ON ONLINE SATTEBAAZI
That too retrospectively. Good enough. However, why didn't they ban it altogether, euphemistically called 'Gaming' ? Is it that SC want to nourish 'Lottery-mentality' across the nation, already an epidemic prevalent all over ? Stock-market is yet another prominent online Sattebaazi-centre. Forward trading, Backward trading, Upward trading, Downward trading, Insider trading...what not they don't do instead of being purely a capital raising institution for industrial growth ? IPOs immediately on closure become newly added ground of speculation with 'how many times oversubscribed' being flashed around so proudly. Lords in Black Robes must impose Lock-in Period of at least 3 years on every single, I repeat every single share purchase whether in primary, tertiary or any other market for that matter. Such a move shall discipline conduct of FIIs too by curbing capital flight by their whims and fancies. By the way, FIIs are said to be Loot-front ...