Duronto Express – will it go the Rajdhani way?

The much hyped Non-Stop express from Chennai to New Delhi (Nizamuddin Station) was flagged off today. It was touted as the next gen thing for Indian Railways. Sadly it shows no improvement over the existing fastest rail connection between the two cities – the Rajdhani Express. Rajdhani covers the distance is about 28Hrs & 5mins ...

Austerity Drive – A Laughter Drama by Politicians & Media

I am surprised at the hype created by the so-called Austerity Drive of Cabinet Ministers & the Congress Party.  Probably they fail to realise that traveling in Shatabhi Express is still a luxury for most Indians and is CANNOT be seen as a cost conscious effort by the MP. Unfortunately our Honorable MPs have forgotten ...

Indian Judicial System

Lots have been said about the way Indian Judiciary functions or rather does not function. It takes ages to give verdict in cases that in some the petitions die before the verdict. They say Justice delayed in Justice denied. So the Judiciary is actually doing injustice by holding up the cases for ages. This week, ...

Negative Inflation! Prices Falling?

The Inflation figures reported on Thursday were NEGATIVE. It has happened after about 30years. So what does Negative Inflation mean? 1st some basics – What is Inflation? Inflation measures the annual rate of increase in prices (prices of what? goods/commodities in the list decided by the Govt.). So if the inflation is 2% for the ...

My Feedback on Variable Load in MF

In continuation with my previous post on SEBI’s proposal for introducing Variable Entry Load in Mutual Funds, I sent in my response by email on the last day (6th of March). The response is as below: ================ I personally welcome the proposal of having Variable Entry Load in MF. This will bring in a rationalisation ...

RIL – RPL Merger. Why is nobody questioning it?

When Satyam-Maytas happened, everybody on the street was on their feet crying foul. But the same people are now silent spectators to the merger of Reliance Petroleum (RPL) with Reliance Industries (RIL). What has caused this difference in attitude towards to similiar events – both are trying to merger with promoter held companies with the ...

Mutual Funds – Variable Entry Load – Opportunity for Investors

SEBI has issued a Proposal on 13th Feb’09 for Variable Entry Load for investments in Mutual Funds made through Distributors. This is good step forward for investors who use Distributor’s service to the minimal. They can henceforth pay less by bargaining on the Entry Load. This will be good for both investors and Distributors. For ...

Life Insurance – Protection or Profiteering?

Off Late I have been looking to a Life Insurance Policy for myself. I suddenly had a realisation that I am under Insured going by the Market Standards of Insurance Coverage, so I looked to take an insurance policy. The first hurdle I faced was the numerous policies available in the market, most of which ...

Safer Online Credit Card Transactions in India

RBI has issued a new directive on 18th Feb’09 mandating Banks and Credit Card Companies to put in place an additional authetication/validation for all “card not present” transactions from 1st Aug’09. Further “online alerts” must be provided to the customer for all “card not present” transactions of value of Rs.5,000/- and above. This is a ...

Reactive Regulators

The title of this post may sound ambiguous. I like to comment on the way Regulatory Authorities work esp. in India and in the Financial World. What is the role of a regulator? Is it just to set right any wrong-doing or is it to prevent any wrong doing? I feel a regulator must emphasis ...