There have been many a study on financial illiteracy…and the conclusions are clear: a. Financial literacy will ensure that there are far lesser number of financial frauds. b. People who are financially literate will (hopefully!) ask for simpler and better products c. If they buy through an intermediary, they will ensure that the product is […]
Every business has to have an office. Preferably in Mumbai or New Delhi. This could of course be rented, but many of them prefer to buy it. They need CAs, advertising agencies, car hire companies, and zillions of other service providers. Where should the service providers be located? In Mumbai or Delhi. Then it needs […]
I wish I could do an article like that in India. I have always been screaming that we do not have enough good quality publicly available data. Does not matter whether I am talking about investing, saving, spending,….read this data driven article by Motley Fool http://www.fool.com/investing/general/2012/06/15/4-shocking-examples-of-the-decline-of-the-middle-.aspx
People have been asking me…”Is Greece such a big problem…Is Eurozone crisis so difficult to handle…..” Frankly it is the government of India playing the proverbial ‘foreign hand crisis’. This allows them to do what they want, and not get blamed. Surely Greece is not to be blamed for our huge, mammoth deficit. G […]
The more I write and the more I communicate with people new to finance, the more I realise the need to ‘de-jargonise’. However I am also convinced that if you need to use your money, it is necessary for you to learn simple words like inflation. With Wikipedia, Investopedia and Google around, I do not […]
If you are in the financial services business or in the Information Technology business, remember competition can come from anywhere. When SGX saw an opportunity in the Nifty futures, they said, lets do it. Now while NSe has to get up every morning and worry about service tax, stt, Gaar, ..and well an occasional bandh […]
For people who have not done Economics – at any level, there is a good chance that they may not know the meaning of ‘Rent’ – in economics, here is the explanation. When you have got used to a certain annuity – generally undeservedly – the rent is threatened. Now if a shop is located […]