This Diwali a lot of people are going to make a demand on your money! One of them seems to be builders who have all lined up schemes to sell property to you. However you must have seen and experienced – a very small portion of the cost of the house is paid by the [...]
Banks lending in rural India is a great thing to have happened. Most people who borrow are genuine -but there are some politically supported borrowers too.
The main reason why a person in India (or in any part of the world too!) repays the loan is ‘because it is the right thing to do’. This is [...]
This is perhaps the most often asked question. I have seen people mess up quite dramatically. One HR consultant once called me and said “I have Rs. 52,000 where can I invest?’. So I got of on the pedal saying “Equity is good for the long term….etc”. Then when there was a blank from the [...]
George Mathew & Swarup Chakraborty of Indian Express Mumbai have done the following story:
At a time when banks are slashing home loan and other lending rates, they are quietly hiking the interest rates on credit card outstandings.
Since October 2008 banks have raised interest rates on credit cards, some by over 4 per cent per [...]
Personally speaking credit cards is something I lived with for most part of my life. Till it became embarrassing not to have one. I needed it for travelling, ticketing on the net, etc. so I got one.
There are many ways how a person can use his credit card sensibly. As far as I can see [...]
Why should I hold cash? A very good question which many people keep asking. It is true of individuals, corporations and funds.
Well cash is held for 3 main purposes (any Economics tutorial 101 will tell you this):
1. Transactions Motive – to do transactions
2. Precautionary Motive – just in case I need something. Just in case…just [...]
Many companies are today in some kind of trouble. It is fashionable to cut something or the other in the name of a slowdown – so right from the toilet paper to sugar in the coffee everything is under some scrutiny. However, it is difficult for many CEOs to cut salaries and bonuses. So even [...]
http://www.subramoney.com/book-written-by-me/
I am sure all of you know the cap seller and the monkey story. So why am I telling you the same story again? No this is not the same story, it has a twist.
A capseller was looking for a place to rest in a forest. He found a nice big tree and decided to [...]
When the finance minister says something, you listen. Especially if you are a PSU bank – and even if you are the biggest. The PM/ FM combine know that elections are coming, so they should look good. How can you look good? By reducing the prices of petrol, and makaan. However as the government does [...]
Over the last 2 days I heard a few stories. Quite stunning, I should say – either I am too old or the newer generation of people think completely differently from what I think. Let me narrate them.
The first is a fine example of why the Americans are in a financial mess. There is this [...]