On one side Mr. Swarup says financial products should become cheaper. He also says that the customer should pay for the advisor’s services. This is a great move the person who is getting the services can choose how much to pay. However the IRDA has one funny (weird) condition in its armory. There is something […]
In all my financial interactions – be it planning for clients, training, teaching or writing, people have come to me with some problem which they think is unique. In all the financial problems, I am able to find a pattern. Believe it or nor, people more often than not choose the problem by their behavior. […]
Am doing this posting because a few journalists wanted me to talk about the Union Budget and the NPS. What a joke! There was NOTHING in the budget for the NPS at all. One cosmetic change is ‘on share purchases the NPS does not have to pay service tax’ – the impact at best can […]
Ayn Rand says “money is the root cause of all good”. Indian philosophy says ‘money increases desire – and like ghee and wood to a fire – increases desire and misery’. Immaterial of whether you take the western view or the eastern view, all of us have at some point chased money, have we not? […]
Our FM has at last politically consented to an increase in fuel prices. So if you are a shareholder, rejoice. Your company is now perhaps 12 months away from bankruptcy instead of 2. That is about all. Look at the fertiliser subsidy. Who gets it? Farmers growing potato for Pepsi, Coke, ITC, – so that […]
To win the elections, we will go to any length. Since we do not have anybody auditing our books, we will cook, lie and cheat, so is the Congress slogan. To help Chidambaram say he has controlled the “inflation” at 4% per annum he holds the price of petrol and diesel at $ 50 a […]
https://www.youtube.com/watch?v=lFrue8QmeAE In all my financial interactions – be it planning for clients, training, teaching or writing, people have come to me with some problem which they think is unique. In all the financial problems, I am able to find a pattern. Believe it or nor, people more often than not choose the problem by […]