LiC collects money from the small saver. It pays commission ranging from 4% to 40% based on the product that it has sold, the remaining money gets invested. Where does it invest? Well to keep the people happy it invests in Secured Government Securities. Chuckle chuckle who decides the price? Government of India! Does LIC […]
For many companies – which come under the MCA mandate there is a need to file their annual returns in xbrl format. This happened because there were some companies which were filing very poor quality of info while filing the details with the RoC. The sad part of non compliance by a few people is […]
I am no fan of BJP. I was and am anti Indira Gandhi’s Congress (original spelling of Feroze was Gandhy) – and in 1977 as a school kid rooted for Janata Party. I hate the way they do not want the Lok Ayukta in Karnataka, but claim that they want the Lokpal at the Centre. […]
As a person gets more and more powerful he thinks he can get away with whatever he is doing. Not that he will do only correct things, but that nobody will be able to touch him or her. In the olden days editors had a relationship with famous people and thus news items against them […]
Not sure how many of you saw Vir Sanghvi’s article on how the older generation has failed the younger gen…he went on the say that the games should have been handed over to the private sector. This is a fantastic statement making an assumption that the private sector has no vested interests, and is full […]
Once upon a time long long ago I was part of an organisation which did the statutory audit of Hindustan Petroleum. My contempt for Public Sector Units only grew greater. However the people working in some of these organisations were far, far superior to some of the guys I met in the private sector. However […]
There is now a decent size clamor for Sachin getting the Bharat Ratna. Easily the most prestigious award in the country it is normally given when person is dead or dying. There was no dispute when Pandit Nehru got it. Of course that was at a time when people like Maulana Abdul Kalam said government […]