For students of Economics, there used to be a concept called ‘Free Market’. The USA was considered to be the home of free markets along with old democracies like France, UK, Japan and the like. Many economists believed that the Free Market was never born, but that is debatable. After much thought, searching and with […]
First of all, I hate predicting – especially if it is about the future! Having said that it is necessary to look at some of the over optimism that is there in the market and at some of the problems too. So today let us look at the issues: A stagnating Europe and USA will […]
The Central Government has something called a fiscal deficit. This has to be funded. The market borrowing of the Central Government is met by issuing dated securities (called G Sec) and 364 day Treasury Bills. This is normally done by issue of a slew of G Secs, T bills, by holding auctions. Money is raised […]
If a company declares a dividend and the customer does not claim it what happens? Well it gets transferred to the Central Government. What happens in case of a mutual fund where the investor has died and the family does not know about it. Well, er, the fund keeps it. Well technically I may be […]
‘Get a good degree, get a job in a government organisation, the government itself or in a psu bank.’ Universally brilliant advise to all girls from mothers. Alas, no longer accurate or correct. Thanks to my friends, colleagues, family…I do not know too many people in the government, psus, etc. I know only 4-5 with […]
The Central Government have specified bonds to be issued by (i) Industrial Finance Corporation of India;( IFCI ) (ii) Life Insurance Corporation of India; (L I C) (iii) Infrastructure Development Finance Company Limited; and ( I D F C) (iv) a Non-Banking Finance Company classified as an infrastructure finance company by the Reserve Bank of […]
The job of an army man was considered cosy because we did not fight a war since 1971. However we sent peace keeping forces all over the world, and a few jawans would have lost their lives there. Also some army men would have been killed in Kashmir, North East, and some smaller operations in […]