End mutual benefit
THE NEWS THAT a leading private mutual fund has diverted funds, placed with it by a provident fund, into equities causes serious consternation. Hopefully this obviously undesirable practice is not widespread across the mutual fund industry and ...
Economic illusion and reality
The "brand image" of West Bengal still rests largely on militant trade unionism and a State administration which, when it comes to the crunch, would side with labour in any confrontation with company managements. The State needs to re-build that imag e "on the lines of the southern States such as Andhra Pradesh, Tamil Nadu or even Kerala".
Provisional WPI inflation figures Can there be underestimating bias?
THE DATA on weekly inflation are declared on provisional basis with a two-week lag and on the final basis with a subsequent eight-week lag. Financial market reacts (if it has to) on the provisional estimates, since ...
The rise of the rupee
MR Nigel Lawson, the former Chancellor of UK Exchequer, discussing the intricacies of exchange rate policy, has a pithy quote from Oscar Wilde's play The Importance of Being Earnest. A character in the ...
Volatility rating Usefulness depends on fund's investment style
FITCH Ratings India has introduced volatility rating for mutual funds. Such a rating is an important indicator for investors. A high-grade volatility rating essentially means that the fund's returns volatility is ...
IT may not have been a day of celebration for the Election Commission when the Supreme Court placed on its head a crown of thorns, making it the monitor and the censor of campaign advertisements of political parties in ...
Banking on development paradigm
If development banking is to regain its charm, it has to re-invent itself. These long-term lenders must learn to think differently, and should evolve a mechanism to assess the health of the borrower. Only a change in the mindset, a new vision, can gi ve development banks a new life, says P. V. Indiresan.
Hubris and Trump's empire
CASINOS work hard to create a false reality. They usually do not have windows for they do not want you to look outside and realise the time of day, or the fine weather you may be missing, while seated cooped-up in smoke ...
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