Who pays the highest amount of tax in the country? Mr. Ambani? or Mr. Narayanamurthy? Well neither. Let us see the life history of a typical government or a bank employee. They join for service after a competitive exam – after that they are happy to hold on to that job for life. They earn [...]
When the life insurance industry started in 2001-2 you could see their executives all over the place. All the insurance companies had an office in every state. Training was never the same. This took me to Bhubaneshwar, Jamshedpur, Kanpur, Jaipur, and many other smaller, much smaller towns. They all behaved like they will grow …and suddenly [...]
The blurring lines between what is media and who is selling a product is really painful for the end user. Let us say I was running a website (and my income came from the number of people coming to my site, a.k.a. advertising) I have to say certain things.Imagine a website which says nasty things [...]
There are many comments and emails asking me why I am against gold and against real estate. Well I am not against gold, and neither against real estate. However what do you call a market which is completely dependent on new investors bringing their fresh money. Well some people call it a Ponzi scheme. I [...]
One thing the unit linked plan vs. mutual fund (I have no clue why there should be such a debate – owners, executives, salesmen, clients – I find are fungible between the 2 businesses!!) argument has done is created a consensus: “Fee based advisory is the cure for all evil”. This brings us to the [...]
I have seen this industry since its inception in the private sector. Should I say second birth? Perhaps yes. So here is some nostalgia…..Who are the stakeholders and what are their views: Employees: The employees should be divided into two classes – those who joined in 2001 and those who joined in 2008 and later. [...]