Yesterday was an auto strike in Mumbai and Thane..the Navi Mumbai goons decided to stay away. The strike brings to the fore how well these hooligans in uniform are organised and how brazen they are. One of the important reasons for the strike – the demand is ‘we will not use the electronic meters’ – […]
Awake! Arise! Stop Not till the Goal is Reached said Swami Vivekananda. He was too much of a Motivator to be called a Saint, and too Saintly to be called a Motivator. Of course he was not like today’s Motivators..if only he had left tapes, videos, …it would have been great. His books stir you, […]
Continuing the state of the Life insurance Industry… One very important part of this industry are the agents. Now the agents are of 3 types a. National Level Distributors (non banks), b. National Level Distributors (banks) and c. Individuals (largely local level). The N L D as they are called seem to be making money, […]
This is one of my most popular write ups..which appeared in Money-Control sometime in 2006. It is about how much life insurance does a person need. Of course like the ad says…we all have ‘Kam insurance lene ki bimari’ so read on… “Does my family really need Rs. 4 crore on my death?” When I […]
In what was being seen as a turf battle between sebi and irda, the winner as of now seems to be Irda. It shows the power of the people in the life Insurance business. Now if you have LIC, SBI, Hdfc, Icici, …each with a few ‘000 crores of stake in the insurance business and […]
When we do a class on debt markets one important class is that of Debt Rating. There we say the highest and the best borrower is rated AAA. However we do not even ask – the Sovereign debt is not rated. It is supposed to be above default. When the Japenese companies were running huge […]
It is funny that to be in any business you need to have some qualification. Let us take the mutual fund business for example. To be the Asset management company – you need to have 5 years of track record of some financial business. You need to have a networth of Rs. 10 crores (to […]