Demonetization is happening… and it’s for real. However confusing it is as the government is changing norms daily for note change. Sometimes its Rs 4K than 4.5K than changed to 2K and god knows what it will be tomorrow. Demonetization is a huge project involving 2.5 Lakhs bank branches, 3 lakhs ATMs, 1.55 Lakhs, 55Read More
Banking
Reserve Bank Of India (RBI) launch Sachet – All Grievance Mechanisms Under One Roof
You may call it a parting gift from Dr. Raghuram G Rajan, RBI just launched a very informative website- Sachet. The home page is http://www.sachet.rbi.org.in/home/index. This is a Hindi word- Sachet means “ to caution” “ to inform”- A proactive kind of word. If you ask me, this is what we as an investor andRead More
Simplifying the Rule of 72
I am sure you know the thumb rule of 72. We all use it to know when we can double the money or what rate of returns we ought to earn to double our money. But do you know why 72 is used and not other numbers like 71 or 72? Well, it dependsRead More
All you want to know about Gold Monetization Scheme 2015
This is Diwali time and as my family many of you will see your family gold that will be released from lockers and safes for LaxmiPuja. We Indians are classics when it comes to gold. All traditional investor fancy it, generations pass it, and everyone has it- You, me, your relatives, my relatives and aboveRead More
RBI Repo Rate Cut: The Good, Bad and Worst
Dr Raghuram Rajan remind me of Harvey Specter from Suits… Not only both look dashing in their suits but also share similar trait of… Surprising the surroundings. So last week when Dr Rajan decreased the Repo Rate by 50 bps (.5% as 100 bps =1%) which was more than anticipated and asked, he was calledRead More
Indian Economy INR & Investors [infographics]
So much has been written about the crashing rupee and Indian economy that this article almost looks like beating a dead horse to me but I will still beat it. It really is all old news now that India is in the doldrums – nothing seems to be working at the moment – from aRead More