Please remember the Indian Army has not been tested since 1971. We have no clue how well prepared it is to take on a war even by Bangladesh…. And our army cannot get its General’s date of birth right… In Kashmir they ‘need’ to be there to keep it normal – does it sound like […]
In 1991 Prime Minister Narasimha Rao brought liberalisation to a practical level. Departing from the Nehru-Indira’s uneducated guesses on economics, what Mr. Rao did was path breaking. Sadly Sonia is back in power -(and BJP’s stint did not matter) and we are back to our so called social ways. Take the case of the sugar […]
“My husband does not lose money in equity markets – you know we doubled our money in the Maruti IPO’ vow I said…and as usually probed …. she said “Oh my husband only applies in an IPO, so he says we cannot lose money”…vow! There are 2 routes to the equity market. One is called […]
When I ran the Standard Chartered Mumbai Marathon (scmm) in the year 2011, I was an amateur walker and used to run only the Scmm – and had done little by way of practice. I did the 21.09 km race in 2:50 – which was about 5 minutes MORE than my target time of 2.45. […]
PSU companies make profits only if: – they have a monopoly – price is controlled or quantity is regulated – the market is very unfair – there is so much profit that all companies make profit. PSU banks fall in the 4th category! The government owns about 25 banks – and it has no reason […]
Today sadly, there is no pension plan which meets all your requirements. For example Templeton and UTI (both asset management companies) have a pension plan – and it is a one size fits all type of a plan. Typically a pension plan should have various options at the ACCUMULATION stage – when a person is […]
Look at some of the excuses that people give for not making a will: – I have a lot of money, but so do my kids. They will not fight for Rs. 50 lakhs. So true. I heard of a family which fought for Rs. 50, 000 crores, I am sure you did to! – […]