Who should decide on whether self regulation works? The other regulators? The MCA? The RBI? SEBI? …hmmm tough choice! The ICAI of course a well run body representing the interest of the C As. Well if this is what you think, you think wrong. Once you get in you realize that many of the regulators […]
1st news item: Pawar hints at sugar decontrol. Sugar stocks go up. Amazing news item! Sugar decontrol is as difficult as fuel prices decontrol but the government will go ahead and do it. However all this thought will only be when sugar is in SURPLUS. When sugar is in surplus, many (if not most) sugar […]
Yesterday I met a pharma distributor. He is really huge – and controls a full state. Just to hide his identity will not reveal which state. He was talking about retail margins in the pharma industry. First of all the ‘billing’ price is far, far below the MRP (which incidentally in India is a fraud). […]
PHASE I – 1964 – 87 Mutual Fund Industry started in India in 1963 with the formation of UTI Launch of First Scheme – US 64 – it was a very popular scheme, largely perceived as a debt fund with assured returns. However, it never had to declare its NAV and ran into problems in […]