Fortnightly Market View: Rally Ho! Mar 31, 2014 Unrestrained bullishness has gripped the market. The market may move up even from here but if you want to get in, wait for a dip. Don’t jump in on a further break out to new highs. In any case, the market climate has little to do with the right stocks to buy
The Real Story of how HSBC Was Made To Pay Mar 31, 2014 How a proactive RBI forced HSBC to partly redress glaring mis-selling by HSBC to actor Suchitra Krishnamoorthi. Will this set a precedent? Don’t bet on it
Weak Yuan, Punctures Carry Trade of Fake Exports Mar 31, 2014 Chinese currency Yuan or Remminbi has been rock solid until recently. This created carry trade of faking of exports, getting in foreign exchange and buying a rising renminbi. Now that the Chinese currency has dropped what happens?
Inflation bond investment limit doubled, but why it is a failure? Mar 27, 2014 RBI has tried to push the inflation index bonds with additional commission for distribution and doubling the investment limit. But the product has not caught the fancy of investors. Find out why different customer segments shunned the product that is open till 31st March
Aadhaar: Once allotted, you can never cancel it, reveals RTI Mar 27, 2014 While Nandan Nilekani, former chairman of UIDAI, is busy fighting his election, he has left behind a dubious record of keeping the Aadhaar holders in the dark regarding access to their biometrics and other personal details by any private or public agency
What Indian Railways need to move ahead? Mar 27, 2014 India need to have extra professional help in restructuring the railways, by laying extra tracks, getting bigger capacity wagons and locomotives to move them, and make the freight attractive enough
Tiring Out Mar 26, 2014 Beware: tyres are getting damaged well before their tread life is over
Tobacco users caught up in insurer’s Obamacare ‘glitch’ Mar 26, 2014 After signing up for coverage and disclosing they were smokers, about 100 New Hampshire consumers, including Terry Wetherby, find their new Anthem Blue Cross and Blue Shield policies cancelled because they were charged incorrect ‘non-smoker’ rates
Change! Thy name is science Mar 26, 2014 We still use the outdated Newtonian physics to understand the human body. We also use the reductionist view of human healing. The result has been disastrous, to say the least
Indian government’s self-made obstacles Mar 26, 2014 Should we really prevent the government from announcing and acting on matters that have been going on for some time or simply postpone it and take a vacation from work till the elections are over?
Pune RTI activist names 78 people in his suicide note Mar 26, 2014 Naming 78 people in his stamp paper suicide note, Vilas Baravkar alleges harassment by police, politicians and some of his family members. His RTI applications, however, reveal some ‘vague’ information that he had asked for, say RTI experts
MCA & ICAI’s mantra: Invest in PSU IPOs! Mar 25, 2014 The Ministry of Corporate Affairs and Institute of Chartered Accountants of India’s idea of investor “education” is to tell you to invest in IPOs of PSUs! This has been a recipe of losing money
Agriculture turning into nightmare for small farmers Mar 25, 2014 India, the world’s second largest food producer, is witnessing growing distress and declining confidence in agriculture as most small and landless farmers, with less of a stake, are found to quit farming
Philosophy of education Mar 25, 2014 The matters in our burgeoning private universities would even make the angels weep. God save education and the country!
Dirty Electricity Mar 25, 2014 Electricity is the cause of myriad illnesses and discomforts like tiredness, aches & pains
Bank unions oppose licenses to corporate houses; write to CEC Mar 24, 2014 India\'s largest banking union, AIBEA, has lodged an official protest with the EC about the RBI’s hurry to grant new banking licenses when the country is moving towards general elections to elect a new Parliament. The union says, you cannot overlook political views while granting new licenses
I-T notices harass seniors who do not even have taxable income Mar 24, 2014 The income tax department is on an overdrive and its notices of potential tax evasion are harassing retired people, senior citizens, homemakers and widows. Worse, the I-T department has even sent notices in time-barred cases that are over a decade old and to people without a taxable income
Russia & China: Blight of crony capitalism Mar 24, 2014 The problem with the Russian economy is that it is designed to favour its crony capitalists. Similarly, the assets of the Chinese elite are derived from government connections
How to choose correct forum and right lawyer Mar 24, 2014 Are consumer courts your only option? Or do some issues have faster, alternative solution? Three experts, Adv Bapoo Malcolm, Indrani Malkani and Shirish Shanbhag say yes
Mediclaim: Insurers asked to issue guidelines to TPAs on claims Mar 24, 2014 Bombay HC had asked IRDA to have insurers issue guidelines to TPA on claims recommendation within four weeks. They should also see if the insurers can declare pre-packaged rates for 42 ailments in the same guidelines. Are TPAs still settling claims?
10 Ways Your Life Insurance Turns Useless Mar 21, 2014 Mis-selling of life insurance is common. The new trend is fraudulent selling of policies by corporate agents, brokers and telemarketers. Guard against such malpractices by learning from these real-life cases that have hit Moneylife Insurance Helpline
‘Don’t get too excited by election outcome’ Mar 20, 2014 Even if the BJP-led government comes to power, it may not mean the start of an investment cycle, cautions Credit Suisse because only a fourth of projects are stuck with the central government; the rest are constrained by overcapacity, balance sheets, or state governments
Can RBI’s policies alone tackle rising NPAs deftly? Mar 20, 2014 RBI’s initiatives to curb NPAs are good and would help minimise the stress. However, given the past record on a number of failed reforms, one question arises – can the regulator alone be able to tackle rising NPAs deftly?
Restructuring Coal India: Pros and cons Mar 19, 2014 Can Coal India be restructured into smaller independent units, in order to ensure serious competition and to ensure production and development of coal resources in the country?
The best way to invest in stocks & bonds Mar 18, 2014 At a Moneylife event, where all the seats were booked, Debashis Basu, explained in detail all the things that a saver needs to know about how and when to invest in stocks and bonds
HSBC agrees to compensate Suchitra Krishnamoorthy Mar 15, 2014 Under pressure from the regulators, HSBC has settled and closed its five year old dispute with singer-actress Suchitra Krishnamoorthy. While the settlement does not permit her to reveal the amount, we learn that this case of gross mis-selling and customer abuse has been amicably closed. Moneylife Foundation has been relentlessly pursuing this case for over two years
MADRID: Livin’la Vida Loca Mar 13, 2014 If there’s one city on earth that knows how to ‘live the crazy life’, it’s Madrid. Naveena Israni explores the passion and vibes of this effervescent city
Herbalife under FTC lens, finally! Mar 13, 2014 A year after Bill Ackman’s detailed public presentation about Herbalife being a pyramid scheme, the FTC which oversees consumer interests, has finally acted
Mobile rip-offs are commonplace Mar 13, 2014 CI (Consumers International) has drawn up a consumer agenda for fair mobile services, says CI in a press release
Is the LPG subsidy in your bank account taxable? Mar 13, 2014 It is absolutely necessary for the I-T department to come out with clear guidelines as to whether this LPG subsidy amount deposited in the bank accounts of some consumers is exempted from income tax
Market impact of Russia\'s Crimean adventure Mar 10, 2014 If governments are impotent to punish Russia, markets are not. This was best illustrated by the 11% fall in its stock market on the day of invasion. It subsequently rebounded only by 5%.
“Working with MSSI has transformed me” Mar 10, 2014 To celebrate International Women\'s Day, Moneylife Foundation felicitated two extraordinary activists. Sheelatai Chitnis of Multiple Sclerosis Society of India was one of them
What women need to know about money and investment Mar 10, 2014 Every woman needs to understand importance of saving, investment in right product and have a contingency plan in place, said Nisreen Mamaji, explaining savvy saving for smart women at a seminar organised by Moneylife Foundation on International Women’s Day.
Life Insurance: Tata AIA Mahalife Gold Mar 6, 2014 It is a whole life plan till 85. Find out the difference between the Mahalife Gold which was available before the new regulations when it competed with LIC Jeevan Tarang
Does the election expenses limit have any meaning? Mar 5, 2014 The election commission has upped the expense limit for Lok Sabha elections from Rs40 lakh to Rs70 lakh per candidate in big states. But 129 or 30% out of 437 MPs spent Rs14.62 lakh or 59% of the expense limit during the last general election
Dynamic equity funds: Do they work? Mar 5, 2014 It is difficult to say that dynamic equity schemes truly time the market and provide superior returns. Can we do better than them with some other strategy?
The UBI Saga Exposes Many Warts Mar 5, 2014 SEBI is hell bent on making the corporate governance norms more and more tough. Its silence about United Bank of India saga shows how bogus its avowed stance is
FMP is unclear to investors: Our Online Survey Results Mar 5, 2014 Moneylife’s online survey on FMP shows that 25% of the respondents do not invest in FMP. Those who are aware of the tax benefits and decent returns do not shy away from FMPs. What stops others? Lack of clarity and dearth of reliable advice is to blame
As full disclosure nears, doctors’ pay for drug talks plummets Mar 5, 2014 As transparency increases and blockbuster drugs lose patent protection, drug companies have dramatically scaled back payments to doctors for promotional talks. This fall, all drug and medical device companies in the US will be required to report payments to doctors
Ai ai yo! Amma has national plans on the anvil! Mar 3, 2014 Staunch supporters of J Jayalalitha, the incumbent CM of Tamil Nadu want her to become the next PM of India. However, Amma, as she is referred by them has very little chances to hold the hot chair at the centre!
A Thin Dividing Line: An eye-opener on Indian losses due to tax treaties Mar 1, 2014 A documentary on the working of tax havens in the context of the double taxation avoidance treaty between India and Mauritius reveals that while India may have received foreign investments due to the treaty, tax losses on its account run to the tune of tens of thousands of crores. Is it worth it?
Has the scope of CSR been too narrowly defined? Mar 1, 2014 As the permitted list shows, a large number of areas like consumer education, RTI or investor literacy, which could benefit middle class people are kept outside the purview of CSR