Germany decided to bail out Greece – or rather joined the bandwagon of ‘Greece bailout helpers’. In its heart perhaps the Germans know (knew) that this is not a great deal after all. Of course the market had to tell the German government what it thought. So the market started selling Government bonds. The Government […]
This is not to say that the Indian banking system is great, but I am not sure about how many of you have been following the Goldman case. There is a lot to say against the banking system – but remember do not go short on shares of big powerful companies. Personally there is a […]
Akshayapatra (www.akshayapatra.org) is now a reasonably large organization. True to Gandhian values they believe that they should aim high, work high and talk less. One recent achievement is that they are now feeding upwards of a MILLION (11,86,206 if you are an accountant!) children everyday in some school in India. India, of course, has many […]
Ok the jury is still out on this. Once the Pound was the main currency of world trade, then it slipped. It took a couple of world wars, a depression, huge geo-political changes – big parts of the world shifted out of the Pound’s control…and the dollar became the King. However it was not easy […]
Obama wins the Nobel Peace Prize. First of all this is not a joke. Read again if you want. This is perhaps the first time in history that the most bankrupt nation is also the strongest from a military point of view. What they can do with their military power is unimaginable. Obama who goes […]
Year: 2009 Month: July Mr. C B Bhave abolishes mutual fund loads. This event of abolishing loads by SEBI (on the mutual fund sales) there is increasing pressure on other regulators to reduce charges / fees. So the following scenario can emerge: IRDA has decided that all life insurance products – term, unit linked insurance, […]
I recently got an offer on email. Somebody was offering me a news letter which promised to double my money every 2 years. Got me interested in the model. Here all I had to do was to put just Rs. 10 million into this scheme. In about 20 years time I would have about Rs. […]