Friday 27 January 2017

What Budget has in store for the Stock Market??

Investors in India are bracing for higher taxes and less incentives from the government's annual budget to be unveiled on Feb. 1 as the focus shifts to wringing out revenues to finance giveaways and higher public investments to support the economy.
 Detailed below are the main expectations of measures that could impact markets:

GUIDELINES FOR GENERAL ANTI AVOIDANCE RULES (GAAR)

- Government set to announce detailed guidelines behind GAAR, which will be implemented starting on April 2017

- GAAR is meant to crack down on tax havens, making it harder to claim some tax exemptions

- Key clarification awaited is whether GAAR will take precedence over individual tax treaties, including Singapore and Mauritius

TAXES UNDER INDIRECT TRANSFER RULES

- Government expected to say whether foreign portfolio investors, private equity funds and venture capitals are liable to pay indirect transfer taxes

- Confusion created after tax department said in December such investors could be liable to pay taxes if more than 50 pct of a fund's or investment vehicle's assets are based in India under some conditions

- Tax department also said indirect transfer tax could be charged under certain ownership and investment levels

MASALA BONDS WITHHOLDING TAX

- Government may keep in place a 5 per cent withholding tax paid by issuers on "masala" bonds, or rupee-denominated debt sold overseas, despite some lobbying for its removal

SECURITIES TRANSACTION TAX ON EQUITY MARKETS

- STT on futures and options may rise for second year in a row from current levels of 0.05 per cent for every 10 million trades, which rises for bigger transactions.

REDUCE TIME PERIOD FOR CAPITAL GAINS EXEMPTIONS

- Reduce threshold for tax exemptions for capital gains

- Currently investments sold after at least a 12-month holding period are exempt from taxes, while anything below that is taxed at up to 20 per cent of the gains.

Tuesday 24 January 2017

Republic Day Special G Shock watch by Casio

On the occasion of India's 68th Republic Day, Casio has launched a limited edition model of its G-Shock digital watch. Called GA-110GB, the watch comes with 'Vande Mataram' slogan imprinted in Hindi on Resin band. GA-110GB also has a Fighter Jet and 'IND' imprinted on end side of band.

Priced at Rs 9,795, the watch has a Mineral Glass dial featuring a bright LED light. It is water resistant up to 200m and supports world clock, countdown timer, and up to five daily alarms with Full auto-calendar (up to year 2099).

Talking about the launch, Kulbhushan Seth, vice president, Casio India said, "Casio believes in contributing to community with its latest innovations and creating a positive impact on consumers. 'Vande Mataram' as a slogan has so much energy that it infuses a new level of respect and pride in Indian youth. The new Republic Day edition celebrates the power of young India and ignites the true sense of being an Indian."

Last year, the company launched its udmaster GWG-1000 watch in India. Priced at Rs 35,995, the watch features an armoured tool design targeted at users who require a rugged timepiece capable of surviving in harsh environments. Apart from ruggedness, GWG-1000 offers triple sensor capabilities which provide instant access to details like direction, barometric pressure and temperature.

The watch has a solar battery and the function buttons have been purposely made bigger, ensuring easy access even with gloves. It is 200 meters water resistant and shockproof as well.

The G-Shock Mudmaster GWG-1000 has Casio's Wave Ceptor technology built-in, and it automatically adjusts the time based on time signal reception in the region. A double-LED light makes using the watch easy even in the dark.

Thursday 12 January 2017

Lenovo P2- A smartphone for All

Lenovo ended 2016 on a high, as the second-place smartphone vendor in India in terms of market share. A new IDC study released recently shows that that Lenovo (now including Motorola) saw significant increase in sales during the holiday season around October 2016, thanks to high demand for the Moto E3 Power, Moto G4 series, and the Lenovo K5 series. Lenovo seems to be intent on maintaining its momentum in the new year.
After launching the Lenovo K6 Power (Review) and Lenovo K6 Note (Review) in December, the company has kicked off 2017 with the launch of the Lenovo P2 in India. The smartphone was first unveiled at IFA last year and is coming to India within four months of its global debut.



The main highlight of the P2 smartphone, much like its predecessor, the Lenovo Vibe P1, is a large battery. This time around, however, Lenovo is also promoting other aspects of the phone, including its design, camera, and security features. The Lenovo P2's pricing puts it up against some of the most popular mid-range smartphones. Will the company's first 2017 launch be as well received as last year's successful models? We try to find out in our review.
Lenovo P2 look and feel
The Lenovo P2 features an all-metal body, and the aluminium material certainly feels sturdy. There is nothing new in terms of design, but the P2's overall polish gives it premium feel. There's a lot of empty space above and below the display. The physical home button has an integrated fingerprint scanner, but there's nothing else on the phone's relatively thick chin.
The Lenovo P2 will be launching in Champagne Gold and Graphite Grey (which we got for our review) in India. At 177 grams, this phone is a bit heavier than most others in its class, but that's explained by the massive battery. Lenovo is stressing the fact that the Lenovo P2 at 8.3mm is thinner than the Lenovo P1 (Review), which measured 9.9mm thick. In everyday usage, the Lenovo P2 felt a bit too heavy, and we were more comfortable when using it with two hands, especially when typing.
The right side of the P2 is where you'll find the volume rocker and power button, while the hybrid SIM tray which accepts dual Nano-SIMs is on the left. The left side also has a slider switch that Lenovo calls a "power-saving key", which toggles the Ultimate Power Saver mode. In this mode, you see a countdown timer which actually tells you how much battery life you have remaining. The physical button placement is fairly ergonomic and there is decent tactile feedback for all buttons.

There is a Micro-USB port along with speaker grilles on the bottom, and a 3.5mm audio jack on top. The primary camera with dual-LED flash is on the back, and Lenovo branding can be seen lower down. The smartphone also sports a "Made in India" tag. The design of the P2's rear panel is a lot like that of Lenovo's other recent smartphones, and it fits in well with the range.
The 5.5-inch full-HD Super Amoled display on the Lenovo P2 is vibrant, with good visibility even under direct sunlight. Text and images appear really sharp, and the screen size makes the device well suited for media consumption. Viewing angles are decent, and colour reproduction is adequate. There is 2.5D curved glass covering the display. However, we were disappointed that there is no scratch protection, and we noticed minor nicks on the glass during our review.
In the retail box, you get a screen guard, a cover, a data cable, a 24W power adaptor, a SIM ejector, and an instruction booklet.



Lenovo P2 specifications and features
The Lenovo P2 is powered by an octa-core Qualcomm Snapdragon 625 (MSM8953) clocked at 2GHz, coupled with either 3GB or 4GB of RAM. Both versions of the phone have 32GB of built-in storage.
There have been a lot of smartphones launched in India with the same SoC, including the Asus ZenFone 3 (Review) and Moto Z Play (Review) - both of which are priced higher than the P2 smartphone.
To expand the 32GB of storage microSD cards of up to 128GB are supported. However, the hybrid SIM means that users will have to choose between a second SIM and a microSD card. There is a 13-megapixel camera with a Sony sensor and dual LED flash at the back, plus a 5-megapixel camera on the front.
Other specifications include Wi-Fi 802.11 ac/a/b/g/n, Bluetooth 4.1, NFC, FM radio, and GPS/A-GPS. The phone supports 4G as well as VoLTE on both SIMs, and we were able to make calls through the Jio network. Lenovo claims that the P2 supports LTE Cat. 6 with download speeds of up to 300Mbps and uploads at up to 50Mbps.
The Lenovo P2 runs on Android 6.0 Marshmallow with the company's Vibe Pure UI on top. The software is largely the same as what we have seen recently on the Lenovo K6 Power (Review) and K6 Note (Review). For the P2, Lenovo has gone with on-screen navigation keys rather than capacitive buttons. Lenovo told Gadgets 360 that the P2 is the first Lenovo phone to have on-screen navigation buttons, and this solves one of the big issues we faced on the Lenovo K6 Power and K6 Note, which was the lack of backlighting for their capacitive buttons.

Lenovo has added a System button option in the settings, which lets you choose the positioning of the on-screen buttons, or even hide the navigation bar altogether - users will have to swipe up from the bottom to show the hidden buttons if this is enabled. The P2 retains a lot of software features from the Lenovo K6 Power and K6 Note including the Dual Apps mode that allows apps to be used with two different accounts on the same phone. Knock to Light wakes the phone with double-tap on the screen while it is off; VR mode allows the smartphone to work with Ant VR headset; and Wide Touch offers one-touch shortcut access through a floating button. You can also quickly toggle the flashlight by long-pressing the Home button when the phone is in standby.
The Secure Zone feature is also present on the Lenovo P2 though users should note that it will only work when the Dual app profile feature is turned off. The Secure Zone lets users configure secondary accounts for apps such as Whatsapp. Much like with previous Lenovo handsets, you get the option to lock these apps with a PIN, pattern, or even fingerprint.
The Lenovo P2 also allows users to perform gestures using the fingerprint sensor. A single tap can act like the back button, touching and holding triggers the recent apps screen, and a single press takes you back to home screen. The fingerprint scanner can also be long-pressed to launch Google Now.
With its new UI, Lenovo has cut down the bloatware, though there are still plenty of third-party apps preloaded on the Lenovo P2 that can be uninstalled, if the user wants. These include Evernote, McAfee Security, Skype, Truecaller, and UC Browser. There are few Lenovo apps also on-board including Lenovo Companion, Shareit, and Syncit. Lenovo has once again not included any default gallery app though users can access all kinds of files through a File Manager app.
The dropdown notifications shade offers the usual quick settings toggles along with notifications. The Themes Center app, which comes preloaded on the P2, offers several customisation options for wallpapers, icons, lock screen settings, and more. We found the UI on the P2 really smooth and fast for everyday usage.
Lenovo P2 performance
The Lenovo P2 performs really well when it comes to multitasking and general app performance. With 4GB of RAM, there is ample memory for tasks at any given time. The 5.5-inch full-HD display is adequate for watching videos and looking at photos. We had a good time playing Asphalt 8 on the P2 and we didn't notice any frame drops during gameplay.
The smartphone was able to latch onto mobile networks at all times, and download speeds over 4G were decent as well. In terms of audio, the speaker located at the bottom was adequate for a small, empty room, though we noticed distortion at higher volumes. Lenovo once again disappointed us with its bundled earphones, and we recommend using a third-party headset rather than the awful one that comes in the box.

We ran our usual benchmarks and got decent scores of 63,445 on AnTuTu; 40,634 overall in Quadrant; 8,098 in 3DMark Ice Storm Extreme; and 23fps in GFXBench's T-Rex test.
The 13-megapixel rear camera is really quick when it comes to focusing, thanks to its phase-detection autofocus capability. The P2 can click detailed macros in well-lit situations but landscapes appeared average. Details were passable, but noise is apparent at the corners of the image. The P2 can take decent low-light shots if there are light sources around. Without any light source, the shots get very grainy. We also found that the P2 was often unable to focus on subjects in low light, which was disappointing. The camera was able to reproduce accurate colours only with photos taken in conditions where there was a good amount of light.
Tap to see full-sized Lenovo P2 camera samples
The camera app on the P2 is the same as what we've seen on the K6 Power and K6 Note, and it's easy to use. One can access camera modes with just one tap. The P2 can record full-HD videos with decent quality. Selfies are passable when taken in good light, but turn out really dark otherwise. Overall, the Lenovo P2 fares reasonably well in the camera department even though this is not its main feature.
That brings us to the 5100mAh non-removable battery, which managed to last for a phenomenal 21 hours, 40 minutes in our video loop battery test. With ordinary usage, the Lenovo P2 easily managed to last over two days.
Even with heavy usage including music streaming, continuous Google Maps use for navigation, and few hours of YouTube video streaming among other things, the battery on the Lenovo P2 lasted roughly two days. Fast charging support is a huge advantage, and we easily got to 30-40 percent charge in just 20 minutes. The phone can be charged fully in less than 90 minutes, which is again impressive.
One of the highlight features of the P2 is its Ultimate Power Saver mode which drastically extends battery life. The mode, as expected, kills a lot of features including cellular data connectivity and syncing. It only allows basic usage such as calls, text messages and the radio, but it could really come in handy in emergency situations. We switched on the Ultimate Power Saver mode at one point when we were down to 20 percent on the battery indicator, and the device stayed alive for almost 20 hours after that.
Verdict
The Lenovo P2 is a beast when it comes to battery performance. Power users who like to be online all the time without worrying about their battery level will be quite happy with the P2. This also makes it a good choice for frequent travellers. The P2 does well when it comes to overall performance, with its octa-core processor turning out to be adequate for everyday usage. For a phone that is focused on battery life, the Lenovo P2's cameras also perform well, and its software is easy to use.
The Lenovo P2 will come at a starting price of Rs. 16,999 for the version with 32GB of storage and 3GB of RAM, while the variant with 4GB of RAM will cost Rs. 17,999. The smartphone will be available exclusively online via Flipkart starting at midnight on Wednesday.
Smartphones like the Samsung Galaxy J7 Prime, Asus ZenFone 3 Max, and the now-dated Xiaomi Mi 5 can be considered alternatives at roughly the same price level.


Tuesday 10 January 2017

Samsung launches Gear S3 smartwatch

Samsung has launched its much-awaited Gear S3 smartwatch in India. Originally unveiled in September 2016 at the IFA tradeshow in Berlin, Germany, the Gear S3 is available in two variants - Frontier and Classic.

The company has launched both variants in the country, at a price tag of Rs 28,500. The device is set to go on sale from January 18 and will be available across authorized retail outlets.

In terms of specifications, Samsung Gear S3 features a 1.3-inch circular Super AMOLED display of 360x360 pixel resolution and 278ppi pixel density. It comes with a rotating bezel and new enhanced features. The smartwatch also has a full-colour 'Always On' display with Corning Gorilla Glass SR+ protection.

Powering the Gear S3 is a dual-core 1GHz processor coupled with 768MB of RAM. Internal storage of the Gear S3, however, stays the same as that of Gear S2 - 4GB.

he wearable comes with IP68 rating for dust and water resistance. It also has a heart rate sensor along with other connectivity options such as Wi-Fi, Bluetooth, NFC, GPS and Glonass. Having wireless charging support, the wearable packs a 380mAh battery.

Both variants of the Gear S3 will be available with 22mm straps. The two variants differ in terms of weight, design and connectivity options available. While the Frontier variant weighs 62g, sports a rugged outdoor 'enduring' style and is 3G/LTE-enabled, the Classic version weighs 57g, has a 'minimalistic elegant' desig.

Saturday 7 January 2017

Nokia 6 smartphone with Android 7.0 Nougat Launched

HMD Global, the company that has the exclusive rights to manufacture and sell Nokia-branded smartphones, has finally unveiled the Nokia 6 handset in China. The first smartphone by HMD Global will be available in China via JD.com website starting 'early 2017' at CNY 1699 (roughly Rs 16,700). The company says that there will be more Nokia handsets in H1 2017. It has not yet mentioned the device's availability details outside China.

The Nokia 6 by HMD Global runs Android 7.0 Nougat out-of-the-box and supports dual-SIM cards. It has a 5.5-inch full-HD (1080x1920 pixels) resolution display with 2.5D curved glass coating and Corning Gorilla Glass 3 protection.


The handset is powered by an octa-core Qualcomm Snapdragon 430 processor along with Adreno 505 GPU and 4GB LPDDR3 RAM. On the storage front, the Nokia 6 comes with an inbuilt 64GB storage, which can expanded via a microSD card up to 128GB.

The optics front of the Nokia 6 is powered by a 16MP rear camera with dual-tone LED flash, Phase Detection Autofocus and f/2.0 aperture. There is also an 8MP front-facing camera with 84-degree wide angle lens and f/2.0 aperture.

The 4G LTE -supporting Nokia 6 comes with Bluetooth v4.1, GPS, USB OTG and Wi-Fi connectivity and has a 3000mAh battery as well. The smartphone measures 154 x 75.8 x 7.8mm, has dual speakers powered by Dolby Atmos tech, 3.5mm headphone jack and a fingerprint sensor at the front on the home button. It will be available in Black colour variant.


HMD Global is being said to launch at least five smartphone in 2017. The company's second Nokia smartphone is expected to show up at MWC 2017 this year. It is also being said that the company might launch smartphones with 5.7-inch QHD display as well. However, nothing can be confirmed at this point.

Friday 6 January 2017

2017- A year for Real Estate Shopping!!

The real estate industry received 2 big-bang stimulus this New Year. Flush with low cost deposits, banks like SBI, Union Bank of India, PNB and IDBI have reduced home-loan lending rates by as much as 90 basis points. Two, PM Modi, on 31st December, announced the decision to provide interest subvention of 3% and 4% for loans of up to Rs 12 lakh and Rs 9 lakh respectively under Prime Minister Awas Yojana (PMAY).
Here’s a simulated impact that each of these stimuli would deliver to a home-buyer:
  • The reduction in home loan lending rates translates into a ~6% reduction in the EMI of a home-seeker. Bear in mind that interest rates have steadily fallen over the last several quarters, and are expected to fall further as we go along.
  • The PMAY scheme offers home loans at an effective interest rate of ~5%. Assuming a 80% loan component, buyers purchasing a Rs 9 lakh worth home would face an EMI of just Rs 4,752 per month and those buying a 12 lakh home would face an EMI of Rs 6,336. Effectively, for a lot of such home-seekers, the EMI would probably be lower to their current rental outflow and therefore make for a compelling reason to buy vs renting a home.

Lets take a deeper-dive and evaluate areas where these measures would have a more profound impact.
1. Localities with high-rental yields
Our Buy vs Rent Calculator suggests that when spread between Rental Yield and EMI reduces to ~2.0%, the choice between Buying vs Renting increasingly favours Buying instead of Renting. Of course, there are multiple variables that influence a ‘buy vs rent’ decision, but a high rental yield and a low-interest rate environment are two important variables here. There are several localities where Rental Yields are in excess of 4%. With home loan interest rates softening, localities with high rental yields are likely to see more buying interest as buyers would seek to purchase rather than rent out a property. To add more context, the years 2006-08, when interest rates were as low as 7.75% also saw buying activity peak. A sample list of localities with high-rental yields are given below.

2. Upcoming localities with a high spread of affordable homes
The PMAY scheme, with an effective interest rate of ~5%, makes for a very compelling case to buy a home vs renting one. For Urban areas, the challenge in this segment is that localities which offer homes in this budget are often located outside city limits with limited transport connectivity. However, some state governments have taken initiative to make such homes available within municipal areas as well. Expect more activity in such pockets which have homes where the PMAY benefit could be availed. 

3. Localities which are at the intersection of falling prices and higher rental yields
My earlier post had pointed to a fall in properties prices at a pan-India level, post demonetisation, by 4%. Now this fall in prices, taken together with an EMI saving of ~6%, has led to a ready-made bouquet of anything between 8-12% effective discounts for home buyers over prevailing prices. Now combine this with localities which enjoy a rental yield >4% as shown in the table above. Even an unsophisticated buyer would begin to see an improved investment logic for buying in such localities; expect far more activity levels in these localities.

Mental Health Conditioning can prevent suicides!!

Grassroots community mental health programmes to address risk factors such as depression and alcohol use disorders can significantly address treatment gaps and reduce incidence of suicide, a new study published in The Lancet Psychiatry shows.


The prevalence of depression, one of the most common mental disorders, fell from 14.6% to 11.3% following community mental health interventions implemented by two NGOs -Prakriti and Sangath.


The population-based programme -Vishram (Vidarbha Stress and Health Program) was implemented over 18 months in Vidarbha, which reported a high prevalence of suicides in agricultural com munities. The impact of the programme was evaluated by Public Health Foundation of India (PHFI) in a study , findings of which have been published in Lancet.



Apart from the significant drop in people with depression, community interventions resulted in six-fold jump from just 4.3% to 27.2% in 12 months, in the proportion of people with the disorder who sought treatment. The prevalence of suicidal thoughts also fell from 5.2% to 2.5% during the same period, indicating effectiveness of such programmes.

Experts say the study produces evidence that such programmes can significantly address the existing treatment gaps to bring down morbidity and mortality from mental health disorders.

Smog- Made in China

“The concept of global warming was created by and for the Chinese in order to make US manufacturing non-competitive,” Donald Trump has controversially said. It is expected that his administration will relinquish American leadership on climate change so that the mantle would now have to be taken up by China.
The communist-capitalist country is thought to have already hit peak emissions and it is aiming to shift the economy from manufacturing to the services sector. Already huge investments in solar panels, wind turbines, batteries and green technologies in general are thought to have set it firmly on the path to becoming a clean-energy superpower.
Yet the scale of the challenge of cleaning up China itself has been writ large and dark across its skies this month. As in Indian cities there too winter weather conditions are unfortunately perfect for mixing up choking pea soupers anyway. But this year the activists and protesters are also blaming the government stimulus for boosting the industrial sectors without likewise boosting pressure on the local environmental bureaus to fulfill their responsibilities.
Lauri Myllyvirta of Greenpeace in Beijing claims, “Since the second quarter of this year, when steel prices and output started growing, we saw air quality decline in the north-east.” While this claim bears investigation the fact that seems unarguable is that around 460 million people and 24 Chinese cities have been battling a most severe bout of air pollution for days at a stretch.
As the bad air quality becomes a rallying cry for protests it also grows as a liability for the Communist party. In a first a group of lawyers has filed lawsuits against the Beijing, Tianjin and Hebei governments for failing to implement their own environmental laws and prevent the severe smog of the past week.
Cries of discontent have grown significantly in online forums – even as these are being censored. One incredulous commentator online has been quoted as saying, “Are you going to wait for us all to become sick before you step up to fix this?” “Are middle school students’ bodies air purifiers?”
It’s true that the central government now recognizes environmental governance as key to building a sustainable future and maintaining social stability. But it’s also true that local governments’ performance continues to be measured largely by GDP. This mismatch needs fixing before China can become a clean-energy superpower or its citizens breathe clean winter air.