The government keeps talking about Inflation Indexed bonds – we are not clear when it will come. We have no clue as to how it will be structured in India. However this is how it should work if they do a cut and paste from the US – TIPS is the US product. Principally this […]
The Financial Literacy program should start at the Finance Ministry. The FM says ‘Insurance Industry suffers …because of mis-selling’. Bang on. If LIC does not mis-sell and collect huge premia on endowment plans (by the way ULIPs are just a form of endowment plans), who will bail out the PSU companies coming out with IPOs, […]
On Monday 2nd July there will be a meeting at the North Block, Finance Ministry 10 Ceos of Asset Management Companies, their club Amfi’s top brass, Sebi chief, will meet the powers that be in the finance ministry to decide whether the INVESTOR should pay fees to the Independent Financial Advisor (a.k.a BANKS). Funnily the […]
If the CFOs of Tata Steel, Tata Motors, TCS, Indian Hotels came to Mr. Ratan Tata and said we want to set up a mutual fund and a life insurance company how do you think will he react? Most probably he would say we have a mutual fund and a life insurance company so please […]
A few years ago there was a run on a bank…surely nobody wants me to name the bank, correct? Well I will not. RBI went out of its way to rescue it. When I was talking to somebody in the management of that bank, he said ‘It is actually RBI’s problem’ – we have no […]