The RBI’s Fourth Bi-Monthly Monetary Policy announced yesterday (04 Oct, 2017) maintained a status quo on repo and reverse repo rates. RBI lowered India’s growth forecast as well as dropped the Statutory Liquidity Ratio (SLR). highlights – not reading it will not hurt you, go on skip it if you wish to! Policy measures […]
Chanda Kochhar’s statment on RBI policy… The RBI’s announcement today to keep the policy rate unchanged was on expected lines. The MPC has not viewed the recent growth slowdown as being structural in nature and is expecting it to be transient with growth prospects likely to improve over the medium term. The MPC has also […]
Last week I met an investor who was sure that the American markets and the Indian markets will crash in the next fortnight. Why such a ‘precise’ date? Well 16 Oct, 1987 – has its 30th anniversary! It is really difficult to carry on a very long conversation with people solely based on ‘gut’. This […]
Along with Arundhati, Chanda, Adag, ….add one more smart person. NaMO. He has also seen that the market is high and has decided to sell a lot of his ‘ghar ka maal’. So a PSU etf is here. Wait a minute it also has shares of Axis bank, Larsen and Toubro, and ITC. How these […]
The best advice could be the simplest one. However most people giving that piece of advice would be afraid. Afraid that the client will not pay for the same. First is generic advice which is free. Great. Like the following: In the long run equities will make money for you SIP is such a great […]
Judge a Journalist by the car he drives and the house in which he lives. So when you see journos with net worth of Rs. 200 crores (and there are a few of them) you wonder how did the wealth come. In the financial services industry the compensation at the top is just awesome. One […]