A promise is a promise….! So here is the first installment in how to read financial statements…. Let us start at the very beginning….when a company files its Annual Accounts it files the balance sheet, Profit and Loss account, auditors report, directors report…ARE THESE TRUSTWORTHY? Well they are as trustworthy as your OWN CV. […]
Two Judges of the Supreme Court have passed the Judgement which has said that there was a 2G scam and have given their reasons. Everybody is happy with the judgement – Prashant Bhushan, Anna Hazare, Raja, NDA, etc. So far so good. Let us see what was (should be?) the government’s role in Infrastructure development? […]
I was reading somewhere (sadly do not remember where) that saving money is very difficult in primitive economies. In one such economy in Africa, the banker CHARGES (yes you read right) charges interest for taking money from you and keeping it safe. And people are used to PAYING interest to have their money safeguarded. There […]