Let us start at the beginning….what is Libertarian Paternalism? Well it is a subtle way of making people towards rational choices. For example when a person joins for employment the employment form includes an AUTO sign up for an index fund. Say NPS to the extent of 3% of basic salary. The employer also contributes […]
Fiat money is about trust. You trust your government, hence you keep all your money in currency form, right? Take the case of a common man…and his conversation with a acidic Subra of Subramoney.com: Client: Hi Subra, I wish to discuss my financial life with you…May I? Subra: Sure Client: I have bought …..xyz […]
It is the time of the year when HR and accounts people chase you for your ‘investing’ proof. So people ask me the following questions: – should I invest in equities? -should I invest in ELSS? or should I invest in bank deposits, nsc or ppf? And worse, some people think they are doing ME […]
RBI is the banking regulator and obviously it has a role in development of the banking industry, right? Well, over the last so many years what is the penetration of banking in India? Well about 6-8% of the country’s population has some access to banking. Why we do not have banks with EXCLUSIVE mandate to […]
“No ulip has given REAL returns in the past 10 years” – said one analyst. I have no clue about the accuracy of this statement. His argument was even for those who started in 2002 and were in the boom, only HALF their money participated in the boom (thanks to the high charges). When the […]
The MCA mandate is out and all companies are in a ‘searching’ mode of how to comply with the mandate. Predominantly there are 2 options – buy software, learn the skill and do the tagging yourself, or give your annual return to a ‘conversion’ specialist. The conversion specialist will convert it for you and give […]
Historically speaking XBRL was born in USA. However converting all the documents from a non xbrl environment to the xbrl environment is happening all over the world. The UK, USA, etc. are choosing to do the outsourced work in India. A very big quantity of this work is happening in Navi Mumbai! Of course it […]