Sorry Minister it is a Systemic Failure! If you have seen 3 scams (big ones) and bribing (rampant) bribing in PSU banks all your life, this so called scam should not come as a shock (or surprise) at all. Once in a while such transactions erupt and the news channels have something to scream about. […]
many people do not know how to tackle this question..I have some very strong views.. many people try to help their children..and actually harm the kids. When a boy takes a car from his father in law, the chances are she will treat him like a driver..need i say anything more? personally it is fine […]
If you pay taxes honestly about 50% of what you earn goes off in various taxes – income, service, securities transaction, etc. Now take away another 28% in housing EMI, then another 7% in building maintenance etc. It means your government, and your house have taken away 85% of what you earn. So the 15% […]
Executive salaries – especially at the top are justified, because they are competitively determined by market forces! If you believe that all salaries are market determined, it is not true. Not true at all. Many people get protected because companies want to say ’44 MBAs have stayed with us for the past 12 years’ – […]
Most salesmen are able to sell products at prices they decide because investors do not ask them the right questions. These questions will help you keep pesky guys off: 1. Can I sell it when I want to: I love long term investing, but it also feels good to know that almost 100% of my […]
Recently saw a ‘reputed’ group promoted life insurance company treat its employees shabbily. Norms were made to sack people. So a large scale sacking happened. When the large scale recruitment and branch opening was happening we were at the side lines saying ‘chuckle, chuckle…’ Now we cannot say chuckle, chuckle,…because a few thousand jobs have […]
You talk to any HNI and he will tell you ‘OMG ..my relationship manager made me do this’…and then they start bashing the poor kid. The relationship manager in the bank is the foot soldier who meets the customer and tries to get revenue for the bank or brokerage house… What is his role (as […]