Amazing things can be done if you lobby right. The cycle component manufacturers in Ludhiana are inefficient in their manufacturing capabilities. Add to that we must have kept everything in the ‘small scale sector’ to ‘help’ the poor guys. However these ‘poor’ guys can lobby well even if they cannot make good quality products at […]
If you went back in time, most ‘middle class’ people were spending a big fortune of their income on ‘essentials’. Imagine in the 1980s – a person earning Rs. 5000pm (almost a HUGE salary!) – could have been spending Rs. 2000 a month on household expenses. This was about 40% of the take home salary. […]
After the fate of IFRS in India, people are wondering will XBRL stay? Or will somebody push it to 2015 and beyond? The answer is really difficult. Let us look at what is happening to XBRL worldwide. The US’s SEC started it slowly – for the top companies – but has now mandated it. BSE […]
to all Sindhi readers all over the world. I know Sindhis in Australia, Greece, Hongkong, China, Indonesia, Phillipines, Singapore, Malaysia, Taiwan, India, Dubai, UK, USA, Paris, Kuwait, Abu Dhabi, Dubai, Muscat, Germany,..OMG these guys are all over…and I am sure I am missing some of the African and South American countries… not sure if I […]
Once upon a time long long ago I was part of an organisation which did the statutory audit of Hindustan Petroleum. My contempt for Public Sector Units only grew greater. However the people working in some of these organisations were far, far superior to some of the guys I met in the private sector. However […]
this is a part of the inflation story in Moneymantra…. Well there are two things to understand – inflation hurts only in the long run. If you have an expenditure coming up in the next 2 years inflation should not be a bother. However if you are looking at the longer run – say upwards […]
Mark Mobius the famous fund manager (incidentally he runs the most disciplined scheme ever in India – Templeton India growth fund, the only fund in India that has been ALWAYS true to label) says the next ‘Dubai’ could be in Mumbai or Shanghai. One kid in our office excitedly rushed to me (working on the […]