If I did not know how the government works (no even now I do not, but some readers may think I know), I would have believed that the brokers association has done a good lobbying job. That does not seem to be the case. However the RGESS (Rajiv Gandhi Equity Saving Scheme) is likely […]
Now that the mutual fund industry is doing badly, we all need to do something to keep it alive. Why should it be kept alive? do not ask such stupid questions. We should keep it alive, so it should be kept alive. Here are a few suggestions: 1. Every stock broker should be forced to […]
Hindu Business Line is a good newspaper….and they normally do good stories. Here is a story based on THEIR reporting of the Rajiv Gandhi Equity Scheme. Most people have not been able to comment on the RGES because the details are sketchy. From the Hindu Business Line article, I learn that: It is a scheme […]
If you ever wanted to know how lobbying works, or how any government loots…read on: The government makes a lot of money by introducing a Security Transaction Tax – paid by all buyers and sellers of equities. This is a fantastic tax – it collects a lot of money and the government has to collect […]
Anupam Kher went to Delhi and said ‘the constitution should be changed’…now the ‘leaders’ of the dalits…decided that he could get some publicity (i refuse to name him). He decided to throw stones at his house…obviously his purpose was served. I still remember a rally in Mumbai (Rajiv Gandhi’s visit)..when one of the ‘blue’ supporters […]
How can we blame Union Carbide for what happened? Obviously the first blame is on the Indian soil – all those people who could not care about the Indian people. Let us face it Anderson had a choice of whether to come to India. He knew he could make a few calls and get away. […]
For those who were born in the 1980s…and who take 8-9% growth for granted they should take a lesson in History! Just when I saw the rocking performance of Bajaj Auto – 80% y-o-y growth – and a net profit for the year Rs. 1700 crores! When Rajiv Gandhi came to power he allowed motorcycle […]