Simultaneous long/short India
"I know its not legal to have open long and short position on specific security (on two stock exchanges - NSE/BSE) There is nothing illegal about it. There are prescribed ways on how this is addressed.  In Cash Segment / Intra Day trades:   One can short sell a security. If by end of day he does not buy the security; it goes into Auction. The said security is purchased on your behalf. Any profit or loss arising out of this is charged to you. Similarly one can buy a security; if one does not pay the amount by end of day; it would go into auction and sold. Any profit or loss arising out of this is charged to you. If you short sell a security on one exchange; you have to buy it on same exchange. If you buy on other exchange; it will not be adjusted against this short position. Also is it legal to have long position on stock and short its derivative (future/option)? There are no restrictions. Edit: @yety Party A shorts 10 shares of HDFC today in Intra-Day Cash Segment purchased by Party B. Rather than buying back 10 shares or allowing it to go into auction... Party A borrows 10 HDFC Shares from ""X"" via SLB for a period of say 6 months [1 month to 1 year]. This is recorded as Party A obligation to ""X"". These 10 borrowed shares are transferred to Party B. So Party ""X"" doesn't have any HDFC shares at this point in time. However in exchange, Party X receives fees for borrowing from Party A. If there is dividend, are declared, Company pays Party B. However SLB recovers identical amount from Party A and pays Party X. If there is 1:1 split, now party A owes Party X 20 HDFC Shares. On maturity [after 6 months], Party A has to buy these from market and given back the borrowed shares to Party X. If there are some other corporate actions, i.e. mergers / amalgamations ... the obligation of Party A to Party X is closed immediately and position settled. Of course there are provisions whereby party A can pay back the shares earlier or party X can ask for shares earlier and there are rules/trades/mechanisms to facilitate this."
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The futures price is what the last guy paid for a ""futures contract"", where they agreed to buy a barrel of oil for $X at some point in the future. Futures contracts are a form of hedging; a futures contract is usually sold at a price somewhere between the current spot price and the true expected future spot price; the buyer saves money versus paying the spot price, while the seller still makes a profit. But, the buyer of a futures contract is basically betting that the spot price as of delivery will be higher, while the seller is betting it will be lower. Futures contracts are available for a wide variety of acceptable future dates, and form a curve when plotted on a graph that will trend in one direction or the other. Now, as Chad said, oil companies basically get their cut no matter what. Oil stocks are generally a good long-term bet. As far as the best short-term time to buy in to an oil stock, look for very short windows when the spot and near-future price of gasoline is trending downward but oil is still on the uptick. During those times, the oil companies are paying their existing (high) contracts for oil, but when the spot price is low it affects futures prices, which will affect the oil companies' margins. Day traders will see that, squawk ""the sky is falling"" and sell off, driving the price down temporarily. That's when you buy in. Pretty much the only other time an oil stock is a guaranteed win is when the entire market takes a swan dive and then bottoms out. Oil has such a built-in demand, for the foreseeable future, that regardless of how bad it gets you WILL make money on an oil stock. So, when the entire market's in a panic and everyone's heading for gold, T-debt etc, buy the major oil stocks across the spectrum. Even if one stock tanks, chances are really good that another company will see that and offer a buyout, jacking the bought company's stock (which you then sell and reinvest the cash into the buying company, which will have taken a hit on the news due to the huge drop in working capital). Of course, the one thing to watch for in the headlines is any news that renewables have become much more attractive than oil. You wait; in the next few decades some enterprising individual will invent a super-efficient solar cell that provides all the power a real, practical car will ever need, and that is simultaneously integrated into wind farms making oil/gas plants passe. When that happens oil will be a thing of the past." $500k a year might be overkill. But you can certainly find TONS of smart people who simply lack the training for the specific skill set MS is looking for. Colleges in the US generally teach someone how to think and how to program, not how to program in a specific language. Colleges in India generally teach how to program in a specific in demand language. Also there are more people in India so you have a better percent chance of finding that specific taught skill set.  Instead of investing in the local person who can do the job but simply needs some additional training, they are constantly looking for the person who can do the job right now, but may lack the general ability to help solve other problems.   Its very short sighted. "An investment is sold when you sell that particular stock or fund. It doesn't wait until you withdraw cash from the brokerage account. Whether an investment is subject to long term or short term taxes depends on how long you held that particular stock. Sorry, you can't get around the higher short term tax by leaving the money in a brokerage account or re-investing in something else. If you are invested in a mutual fund, whether it's long or short term depends on when you buy and sell the fund. The fact that the fund managers are buying and selling behind your back doesn't affect this. (I don't know what taxes they have to pay, maybe you really are paying for it in the form of management fees or lower returns, but you don't explicitly pay the tax on these ""inner"" transactions.) Your broker should send you a tax statement every year giving the numbers that you need to fill in to the various boxes of your income tax form. You don't have to figure it out. Of course it helps to know the rules. If you've held a stock for 11 1/2 months and are planning to sell, you might want to consider waiting a couple of weeks so it becomes a long term capital gain rather than short term and thus subject to lower tax." There is no tax liability for your brother in India as under gift tax,t there is no cap on amount. The transaction may be taxable to you in US, as there is a limit of USD 14000 per year per person. "This is the best tl;dr I could make, [original](https://www.bloomberg.com/news/articles/2017-10-24/india-to-inject-32-billion-to-bolster-capital-at-state-banks) reduced by 81%. (I'm a bot) ***** &gt; India will inject 2.11 trillion rupees of capital into state-controlled lenders over two years, an amount that&amp;#039;s ten-fold higher than the government&amp;#039;s previous pledge as it seeks to revive growth in Asia&amp;#039;s third-largest economy.  &gt; The government will sell 1.35 trillion rupees of recapitalization bonds while banks will raise another 760 billion rupees through &amp;quot;Budgetary support&amp;quot; and from the markets, Rajiv Kumar, banking secretary at India&amp;#039;s Finance Ministry said at a briefing on Tuesday.  &gt; The new funds will help banks, that have been plagued by rising stressed asset ratio, revive lending growth from a 25-year low.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/78pldf/india_to_inject_32_billion_into_state_banks_to/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~235025 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **Bank**^#1 **government**^#2 **lenders**^#3 **year**^#4 **India**^#5" "In short you have to wait till the hold expires. If its one week, its great. Few years back it was one Month. It is advisable you use a Credit Card for these type of transactions. With Credit Cards you are not out of funds like in Debit Cards. Plus the reversals are as much as I know automatic. In case of Debit Cards, the Holds are not automatically released on cancelled transactions but released only after expiry. Where as in Credit Cards, the holds are released immediately on cancelled transactions. ""Does the hold reserve it for them or for the original transaction?"" Yes hold is for that specific transaction from that specific merchant. i.e. if you try and book the same item from the same merchant, you will not be able to as you have money blocked. Although the merchant sends an unblock message when cancelling, on Debit cards these messages are not supported in India" "I have three savings accounts that are currently open in India in different banks. Is it legal to have savings accounts open while I am in the US? If you are NRI [from what you have stated you are], you cannot hold a ""Savings"" account in India. Please have the accounts converted as NRO at the earliest. It is a simple matter of contacting Bank and completing formalities with some paperwork. do I have to declare this fact in the tax filings in US given that my tax is already deducted?  Yes, interest would be taxable in US. Does my father have to declare the additional deposits? No.  Edit to reply to comment: RBI Economic Times"