In all public forum nowadays (and even earlier) there is a tendency to blame the distributor. Let us see a typical debt market presentation: Fund manager: Hello, today we are going to talk about debt funds ‘Debt funds have done extremely well over the past few years….’ Journalist: Why is there no retail participation? FM: […]
The life insurance industry is in bad shape. Their past sins of over charging the customer are visiting them, and real hard. The Irda made some changes, the Income tax made some changes, they themselves made some mistakes, the customer unfortunately woke up, ….so in fine the industry is in trouble. So here is a […]
When I was younger and my head was full of foolish ideas and lot of black hair….there was also a huge urge to start some new businesses. Thank God, I did not! In the 1990s – Income tax practice was still on the top of my head. I seriously thought I should set up a […]
Once upon a time long, long ago I used to be a practising Chartered Accountant. In 1988 I used to be at the ITAT (Income Tax Appellate Tribunal) quite regularly (definitely on Fridays when the department used to file its Reference Applications!). A few people who used to be regular thereat were some super seniors […]
Everybody and his uncle and aunt wants to talk about the great Indian entrepreneur..and how he is great. Well he is not great, he is generally s…ed. If he had a choice he would be in a happy government job, assured of an indexed pension, take leave to see the country…and generally be counting his […]
For many people life is very clear. Parents decide what a kid should study, what they should do in life, whom should they marry, even when to retire. For some kids service is not an option. For some kids business is not an option. For those who are caught in between the decision to be […]
there are many lessons for the retail investor from the budget: 1. It is a very important event if you are running a blog, website, channel, magazine, newspaper. It allows you to have a lot of chance for creating content. 2. No impact on the common man from an investing or tax planning point of […]