I am an anarchist and do not believe that Rules and Regulations are very important. In fact I do think that lawyers, accountants and even doctors exaggerate their educational processes. Having said that when I meet financial planners who do not understand: Indian Income tax – especially clubbing, scope of what is Income, the difference […]
Well this is the question a NRI is asking…sure Indians are also asking, but face it, they have no choice! Let us look at China. If I had my money there, I would be worried and pulling out. The government has too much money and it does not let the citizens spend – that is […]
‘Life insurance is a solicitation business…..’ well no comments! Now Hari Narayan wants the agency channel to close down and only the bancassurance business to survive. Completely from my portfolio point of view, I am very happy. Banks are in a great position to know what you do with your money – and they have […]
The Parliament today approved of an authority called FHAB. This authority will have the full authority over the establishment, running, pricing of food joints, junk food manufacturers, how much can be given at one serving, pricing, training, etc. of food and health organisations. Their first action was on the East India Hotels and Indian Hotels […]
CSGL Account stands for Constituent Subsidiary General Ledger Account (phew!). Certain SGL holders like corporates, PF trusts, individuals, institutions, state governments, Nri, Ocbs, FIIs, – registered with Sebi/Rbi can open a CSGL account but not a SGL account. It is a second SGL account at a PDO so that they can act as a custodian […]
Now that you know what is the money market and debt markets, you will want to know who are the participants, won’t you? Here they are: Banks of all categories Financial institutions Primary Dealers (PDs) Satellite dealers Firms Companies Mutual funds, Insurance companies, FIIs, State governments, Nepal Rashtria Bank, Provident funds, trusts, research organisations, Individuals, […]