Just finished watching a TV serial (real life program I believe) called ‘Crime Patrol’! One Nationalised bank had opened a bank account – without proper papers, and not remembering the basic Anti Money Laundering lesson 101. The story is very simple, but shocking. There is a death claim which is fraudulently encashed by a Branch […]

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I know one lady whose husband is a graduate working in the Gulf. Typically like every Gulf employee he too is paid better than say an India job, but you really cannot get RICH on a job as a clerk. So her get rich quick schemes have included collecting money for shady chit funds, shady […]

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  You walk into a life insurance company and buy a life insurance policy for Rs. 7934/- per annum for a Rs. 1 crore sum assured. The company accepts the cheque and asks you to go for a medical test. What are the scenarios that can happen? Best case scenario, they can say, yes you […]

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While filling up a Mutual fund form you are filling up an OFFER DOCUMENT – the mutual fund is making you an offer and you are filling up the form and giving a cheque. If your cheque goes through, the CONTRACT IS COMPLETED. In case of  INSURANCE, you are filling up a PROPOSAL FORM – […]

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  Wealth creation is a time consuming, easy to understand and very difficult to implement process. There are no cut fast rules on how to create wealth. Deepak Parekh, Uday Kotak, Rashesh Shah, Nirmal Jain, Raheja, Hiranandani, are all people who have created wealth by the greatest method. Run a good business, leverage with people […]

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In the current year with the deadline of 30th November, 2011 staring at us in the face, is it possible for companies to comply with Mca norms? I mean do we have the time to convert all our companies, accurately, and file it with MCA – if we do it on our own? This is […]

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Well this is not about Animal farm. It is about the state of the life insurance industry in India. Let us see the imaginary conversation between the LIC and Ministry of Finance. LIC: Good morning sir. Here is a cheque for the IPO Government Nonsense Ltd.’s public issue for Rs. 8000 crores. I hope the […]

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