Once upon a time the British ruled us. However we have had such a great impact that we still cling on to what they have left behind, without much of a thought. Let us look at some examples. The Government comes out with 2 budget – the railway budget and the general budget. Why the […]
Akshaya Patra Foundation completed 11 years The Akshaya Patra Foundation completed 11 years of serving mid-day meals to children in government schools, as an implementing partner of the central and state government. 11th November is always a special day for Akshaya Patra, for it was on this day 11 years ago, that the Foundation […]
Mumbai has a peculiar problem- exhorbidant real estate prices. However this does not mean economics is at work. I would know of many people who live far, far beyond their means. How does this happen? Well their parents are cash-flow poor, but asset rich. The children are asset poor, but have some cash flow. Take […]
If you have recently travelled in India you find private taxies – they are far more predicatble and well behaved. If you travel into Mumbai you will be greeted by a long line – normally 40 people in the Q and sometimes 60 people! It is amazing that Meru taxi, Gold Cab and Mega taxi […]
How safe are government securities? Is this a question bothering you? Welcome. Many people have asked me this question, and I have struggled to explain the answer. Central Government securities are 100% safe. These are what are called ‘Soverign Paper’ and is guaranteed by Pratibha Patil – the Government of India! Interest rate payments, principal, […]
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, […]