How Air India was destroyed Nov 13, 2013 The price of putting the once iconic brand—Air India—is now an estimated Rs30,000 crore. The cost of looting that much tax payer's money puts the aircraft once again back into spotlight
Get the best of online shopping for the holiday season Nov 29, 2013 Online shopping is booming but complaints are rising too. This guide will walk you through the dos and don’ts of online shopping to make it a happy experience for the holiday season and Christmas season
SEBI seeks to regulate research analysts Nov 29, 2013 SEBI feels that the research reports prepared by analysts as such might not be violating any rules, but they might be used by vested interests for stock market manipulations
Tax free bonds: Should you buy NTPC or Hudco? Nov 29, 2013 Hudco and NTPC tax free bonds will be offered from 2nd and 3rd December respectively. Which one should you subscribe considering that Hudco rates are little higher and even crossing 9% barrier?
RBI says banks free to adopt either EMV or Aadhaar authentication Nov 28, 2013 Contrary to media reports that said Reserve Bank has directed banks to adopt Aadhaar, the RBI has advised banks to chose either EMV chip and PIN or Aadhaar’s biometric validation as additional factor for authentication and securing the card present payment infrastructure
Doctors and consumer complaints Nov 26, 2013 Sometimes, doctors make mistakes and consumers file complaints. Some of the complaints are genuine as in case of Anuradha Saha decided by the Supreme Court, for medical negligence. But what about genuine and well trained doctors who care for the patient?
Income tax liabilities of lottery money or windfall gains Nov 25, 2013 Many retail investors who suddenly win a lot of money in one shot in a lottery or out of the blue, squander because of unscrupulous financial advisors. Here’s a concise guide to help you be smart with your windfall gains
Why banks don't give interest on savings, deposits on monthly basis? Nov 25, 2013 While the RBI has liberalised interest rates and given freedom to banks to fix interest rates and the periodicity of payment of interest to depositors, the reality is that banks are not willing to pass on the benefits of liberalization to the public unless they are forced to do so
RBI asks banks to treat customers fairly Nov 25, 2013 RBI has asked banks to follow its 'treating customers fairly' policy while selling third party products like mutual funds, capital market products and insurance policies
Sachin Tendulkar's Bharat Ratna and Mission Mars: Some uneasy questions Nov 21, 2013 Our stars, who are the Gods for the younger generation, promote bottled sodas and desiccated milk drinks both of which are dangerous to human health, while Mars Mission eats up the tax payers' hard earned money. This is exactly why inexpensive health measures are not encouraged by the powers that be. They want more diseases to get more money for the sickness industry!
NLEM: Grey area about what are “essential drugs” Nov 19, 2013 While market based pricing can potentially reduce pricing for two-third essential medicines, there are several critical medicines that are not in the “essential medicines” list. Several Diabetes, TB, HIV, Cancer drugs are not under DPCO 2013 even though WTO lists them as essential
Is Nandan Nilekani acting as an agent of non-state actors? –Part XI Nov 19, 2013 Nandan Nilekani-led TAGUP recommended setting up goods and services tax network (GSTN) as national information utility or NIU, a private IT company, to take away the sovereign function of tax collection and data storage from the government. This is in addition to handing over biometric data of Indians to MNCs under the Aadhaar scheme
Cooperative housing societies: Common issues and solutions Nov 19, 2013 Common issues in any cooperative housing societies or CHS can be resolved by discussion. If this does not solve the issue, the complainant may have to raise it to appropriate authorities, like municipal corporation, deputy registrar for cooperatives, consumer court and police
How financial data can lie Nov 18, 2013 Investors depend on financial data but there are distortions of information throughout the financial world. Numbers, like anything else, can lie
Dr CNR Rao awarded Bharat Ratna Nov 18, 2013 Along with Sachin Tendulkar, world class scientist Dr Chintamani Nagesa Ramachandra Rao was awarded the Bharat Ratna today. We had the great fortune to interview Dr Rao, exactly three years ago in Bangalore.
Is BSE Sensex likely to move up on Thursday? Nov 14, 2013 BSE Sensex fell for the 7th day on Wednesday. The 30-share benchmark has a good chance of moving up on Thursday, based on what the index did on 23 occasions of 7 consecutive days of losses since 1991
Polymer notes can curb fake currency racket Nov 13, 2013 While we should welcome the move made by the RBI to combat the fake currency racket, we must debate their methodology adopted in test marketing of polymer rupee currency notes
Subsidy needed urgently to help sugar exports Nov 13, 2013 An export target of 3-4 million tonnes of sugar is projected this year in order to stabilise sugar prices in the domestic market. For this to happen, subsidy is urgent
Medicine prices: Encouraging profiteering from essential drugs – Part1 Nov 13, 2013 While market based pricing can potentially reduce pricing for two-thirds of essential medicines, there are far too many loopholes to reduce your chemist bill. Ironically, the set ceiling price of the remaining one-third of essential medicines is higher than market leader’s price. Can the prices of these drugs actually increase?
Why shift public debt management from RBI to GoI? Nov 13, 2013 Questions of autonomy apart, time is not yet opportune to experiment with new institutions for debt management when there is no dispute over the expertise developed by the RBI. When efforts are on to ensure financial stability, let us not destabilise existing institutional framework merely in the name of following examples abroad
The Scandal of Look Outs Nov 11, 2013 The prevention of a well known advocate, CM Maniar, from boarding a British Airways flight puts a spotlight on some of the draconian legal provisions which could endanger cronyism, nepotism and selective targeting which could harm honest people
RTI Judgement Series: PIO asked to file affidavit after inspecting site Nov 11, 2013 The CIC directed the deemed PIO to file an affidavit stating that there was no imminent danger to the appellant's building after inspecting the site. This is the 190th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be used or quoted in an RTI application
Need to resolve Indo-Iran imbroglio without further delay Nov 11, 2013 Due to tightening of the foreign exchange situation in India, Iran decided not to accept more than 45% of the money in Indian rupees. The shipment has come down to 194,000 barrels per day of Iranian crude oil as against 324,000 barrels per day last year
RTI Judgement Series: Publish application details for ration cards suo moto Nov 7, 2013 The CIC directed PIO of Food Supplies and Consumer Affairs department at GNCTD to publish details of application for ration cards suo moto on their website. This is the 189th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be used or quoted in an RTI application
REITs in India: How does it compare with REITs in US? Nov 5, 2013 The focus of REIT in India will be on completed revenue generating properties and less exposure to mortgage backed securities. Atleast 75% of the revenues of the REIT shall be from rental, leasing and letting real estate assets at all times. Minimum subscription size shall be Rs2 lakh
Countdown begins for new bank licenses Nov 5, 2013 Some applicants may have proposed or indicated their plans to take over or buy out some of the smaller banks in existence; or even have had 'secret' talks for mergers. If such offers are part of the applicant's ‘mission’ to improve and reach out to the rural areas, including extending service to the ‘urban poor’, they deserve serious consideration
If you allow people to borrow for nothing, they get a bit excessive Nov 5, 2013 The world was pushed into a global recession when the US debt mountain collapsed in 2008. At present, overall debt burden relative to GDP is higher in India, Indonesia, Thailand, South Korea, China and Malaysia, up to 30% higher than in the US. What will be the effect if the global debt mountain has problems?
Equity Schemes for any Season Nov 1, 2013 Currently, there are over 350 equity schemes, with many risky ones, to choose from. The markets are more volatile than before. Here is our annual list of top 20 schemes, selected using a unique methodology, that have not only beaten the market, but have stood firm even when the market declined
Narendra Modi biometrically profiled. What about Congress leaders?-Part IX Nov 1, 2013 Does the BJP's prime ministerial candidate know that neither Congress's prime minister nor its undeclared prime ministerial candidate have been biometrically profiled so far? It appears that Narendra Modi was taken for a ride but he must explain as to why he subjected himself to the ignominy of being biometrically profiled