Just attended the 1st birthday of MoneyLife foundation – the magazine is older…Dr. K C Chakraborthy, Rbi deputy governer was the chief guest. Sanjay Nirupam of Congress (earlier Shiv Sena- the original) was also a guest… I liked the way Debashis introduced Dr. Chakraborthy. Dr. C is a nice, simple person who is quite humble. […]

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Sorry Minister it is a Systemic Failure! If you have seen 3 scams (big ones) and bribing (rampant) bribing in PSU banks all your life, this so called scam should not come as a shock (or surprise) at all. Once in a while such transactions erupt and the news channels have something to scream about. […]

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If all actions are reactions why are Americans hated? Well this is a finance site..so let me stick to what I know. Almost all literature we have read on equity markets is American. The great American investors have written all this literature in the past 50-100 years. This was the time when American companies (fairly […]

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Is the financial service industry doing anything for society? I mean is there a VALUE ADD or is it just getting more and more out of the value adding channel? Not sure? Ask MBA colleges – the financial service industry is a big saviour. Whether it be ICICI, Hdfc, Kotak, Indiainfoline, – all their arms […]

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For a minute forget what the various parts of the financial services industry is telling you. The profitability of this industry seems to be fantastic. Let us take 4 parts of the industry: a. Banking: Over the years the biggest and the richest fortunes have been made by bankers. No doubt about it. Goldman Sachs, […]

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Many people have heard or read about diversification but may not be aware of what it really means. Here is an attempt. One girl came up to me and said I need to invest in ELSS (equity linked saving scheme) for saving some Income tax what should I do. I suggested Hdfc Tax Saver and […]

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