Delayed Justice
This is with regard to “Collateral Damage of the 1992 Scam” by Sucheta Dalal. Unfortunately, India’s judicial system has become a tool for the culprits to delay matters ad-infinitum. Lack of accountability of judiciary is creating a crisis. As an effective remedy, it is available only to the privileged few. No government has ever done anything substantial to dispense speedy justice by strengthening the institution. Mr Bavdekar may eventually get acquitted; but the government, which is responsible for dragging the case for so long, will not be asked to compensate him for decades of torture.
Rajendra M Ganatra, online comment  


This is with regard to “Will the RBI Governor’s Letter Make a Difference?” by Sucheta Dalal. I share almost all the anxieties expressed. Let me admit, I have not had the kind of opportunity to watch businessmen, bureaucrats and men who matter on the Indian political scene at close quarters. Still, as one who has been keeping eyes and ears open for the past 50 years, I am tempted to be a little more optimistic about the winds of change in India during the current decade. 
The generation, which is now in the age group of 20 to 50, is making their voice heard. I plead guilty of having belonged to a generation which believed that once Independence came, political leadership, corporates and bureaucracy will manage the nation’s economy to the country’s advantage. On a personal note, let me also admit that the majority of us were misled into believing that ‘politics’ was a forbidden fruit for employees. 
Until “We, The People” become responsible, no (Raghuram) Rajan, (Arvind) Kejriwal or (Narendra) Modi can take us out of the mess. Corrective measures have to begin from the ground level. If people express their desires clearly, governance and regulations will change. I consider the Reserve Bank of India governor’s New Year message as thoughts of a citizen who has been watching the happenings in the country for the past 30 months or so, with an open mind. As I have already gone on record elsewhere, the document can become the basis for debates on future changes in the system.
MG Warrier, online comment


This is with regard to the review of A Wealth of Common Sense by Debashis Basu. Thanks for informing us about this book. The insights into wealth creation are truly helpful for all readers. 
This is just something which will contribute to an interesting discussion for the Moneylife community. 
Warren Buffett’s not-so-well-known dimension is his insurance business, which he, on more than one occasion, has pointed out as being the core of his strategy. If I am not mistaken, this is from the 1970s. It’s the insurance float which provides him interest-free money to buy entire usinesses and open up income streams to buy more businesses/listed stocks in future. The scale of insurance floats affords him to remain content with very reasonable returns and insulates from the vagaries of stock markets. It’s becoming like a rolling ice ball. He hasn’t become so wealthy just by investing in listed securities, although that was the starting point. Presently, these contribute only a small portion of Berkshire Hathaway’s portfolio.

Abhijit Joshi,  online comment



This is with regard to “Empowerment through Feminine Hygiene” by 
N Madhavan. This is a potentially excellent idea for implementation, especially in India. This small healthy step can substantially reduce medical costs and even deaths.
Narendra Doshi,  by email


This is with regard to “Inner Healing Is the Future” by Prof BM Hegde. In today’s medical world, 5% of diseases, like pneumonia, malaria, TB and fever, are curable. The balance 95% illnesses are, according to American Medical Association’s standards, like cardiac illness, blood pressure, diabetes and psychosomatic illnesses (e.g., insomnia/schizophrenia/depression) require life-long medicines on which pharmaceutical companies mint money. Terminal incurable diseases like cancers, Alzheimer’s and Down’s syndrome require long-term undefined medications with no survival chances but only management of disease. Then, there is a new bunch of lifestyle diseases, beauty and weight-loss procedures, which are risky and costly. 
Hence, the Vedas say that if you manage inner tranquility with techniques, exercises and moderation in life, these could be eliminated. View Values for Wealth @ 
Let me wish all readers a happy balanced holistic living. 
Mahesh S Bhatt, online comment


This is with regard to “Review of ‘Simple’” by Debashis Basu. KISS, the acronym for Keep It Simple Silly, is an apt phrase for everything we do today. We have more and more innovation in our systems and lives. The way that our fathers and forefathers lived was completely different from what our lives are today. This change may be for good; today, we live longer and a more fruitful life. However, some people may have another opinion. With computers and the information age, life is getting faster and faster and is also giving us much more time to relax. But do we take the opportunity? Do we run after more and more money? We must do what makes us and others happy!
Sunil Rebello, online comment


This is with regard to “Who Am I? Where Have I Come from?” by Prof BM Hegde. It looks like the very learned doctor has fallen into the trap set up by the holistic mumbo-jumbo people or religious, simple-minded folks. Just because science does not have answers to all the questions of nature today, does it mean that everything researched, discovered and invented is a waste? Does it mean that occult techniques/religious nuts/alternative medicine can provide all the answers? No.
Three hundred years ago, we had no idea of infections caused by bacteria, viruses and carbon nanotubes, keyhole surgery, string theory, manned space mission, semiconductors and computers, etc. Science is a self-correcting, self-questioning system, with harsh peer-review to validate conclusions.
Anand Vaidya, online comment 



This is with regard to “Does Digital Currency Have a Bright Future?” by Sucheta Dalal. Central banks around the world do not like any competition to their power of being able to print money recklessly. Bitcoin was emerging as a big threat to that and, hence, the attempts to stifle it. Yet, Bitcoin has somehow survived, despite setbacks like the 
Mt Gox (a bitcoin exchange based in Japan) collapse and the Silk Road (in the United States) scandal. If there is any change in the attitude of central bankers towards crypto-currency, it means that they have been able to work out a mechanism which brings them under their control.
Satish Madhav 



This is with regard to “Buying Stocks of Debt-laden Companies” by R Balakrishnan. When I look at the top-performing mutual funds (banking sector specific fund), it seems the logic of not/low investing in stocks of PSUs (public sector undertakings) and being heavy weight on private sector banks and housing finance companies had worked.
Nanda Patel



This is with regard to “No Diaries this New Year!” by Yazdi Tantra. All these innovations are ‘revolutionary’ and welcome. My comment is from a different angle. Last week, I came across a diary from CRY (Child Relief and You, an NGO). I loved the idea of diary as a gift, if CRY’s format is used. The diary has months and dates. For February, after the date 28, there are two blank pages on which no date is printed. The year and week days are conspicuous by their absence. The advantage is that the person who gets it can start using the diary any year. The diary can be used for more than one year.
MG Warrier


SC refers homosexuality plea to constitution bench
New Delhi : A five judge constitution bench of the Supreme Court will hear the curative petition by NGO Naaz Foundation and others seeking a relook at its verdict upholding the validity of section 377 of Indian Penal Code that criminalises homosexuality.
An apex court bench headed by Chief Justice T.S. Thakur referred the curative petition to the five judge bench as senior counsel Kapil Sibal said that the issue involved a question of far-reaching constitutional importance and must be heard by five judge bench.
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.


Yields Up Last Fortnight

Bond yields headed up in the past fortnight. You can expect to get over 8.50% for AAA rated...

Premium Content
Monthly Digital Access


Already A Subscriber?
Yearly Digital+Print Access


Moneylife Magazine Subscriber or MSSN member?

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation

We are listening!

Solve the equation and enter in the Captcha field.

To continue

Sign Up or Sign In


To continue

Sign Up or Sign In



The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)