This is with regard to “Good Doctors for Indian Villages” by Prof BM Hegde. Why should only doctors do rural service? Government is spending more money on engineering, particularly on IITs. After four years of engineering, some graduates fly abroad not even thinking about their country. Some engineering graduates think that it is their birthright to serve MNCs (multi-national companies).
Make a rule that every engineer should work in government offices, first. Only then can they work in the private sector. Let’s demand that every chartered accountant should work in government banks and in government audit departments. All lawyers should work in courts for one year before they are given their degrees...
Nowadays, it has become a fashion to say that doctors have social responsibilities and that they should maintain moral values, ethics, etc. A leader can take a one-rupee salary per month and maintain a Benz car. Another star can take crores of rupees for one episode. Yet, there are comments on doctors’ professional services.
Vinayak Mahajan, online comment
This is with regard to “Fortnightly Market View: Bulls Refreshed” by Debashis Basu. Rate cuts are not a one-way street. India has more savers than borrowers. So, lower interest rates impact disposable incomes and, in turn, affect demand. Rate cuts may also cause the currency to depreciate which is a big negative for an ‘importer country’ like India. Mainstream media has perpetuated the myth that rate cut is a panacea for all, but it fails to explain why Western economies are not recovering, despite incessant rate cuts. I think, the impact of Dr Raghuram Rajan’s rate cut is more symbolic. It may also be a political move to stave off criticism and put the ball back in Arun Jaitley’s court.
Chandragupta Acharya, online comment
This is with regard to “Personal Accident Cover: Overcome the Limitations” by Raj Pradhan. Very comprehensive and informative. Thank you, for this detailed article.
Sunil, online comment
This is with regard to “Are Indian Car-buyers Second Class?” by Veeresh Malik. Indian buyers are, indeed, second class in all markets. They pay more for less of everything. This is a standard established by a corrupt and unaccountable government which allows cutting corners and charging higher prices. There are many problems—in import, materials procurement, manufacturing, employment, transport, cross-border movement or sale—on every factor of production—be it money, materials, land or men.
In such a controlled market, consumer courts are drowning like the other courts and only great wealth or influence can purchase a verdict.
Suchindranath Aiyer S, online comment
This is with regard to “Health Insurance for Senior Citizens” by Raj Pradhan. MSSN Premium members should be provided with an opportunity to rate their insurance providers under the various criteria. Moneylife can use the aggregate data to produce an average rating of the insurer from 1* to 5* on an overall basis as well as on each specific evaluation criterion.
Ralph Rau, online comment
This is with regard to “Is ethical business possible in this corrupt world?” by Prof BM Hegde. A very beautifully written article. Prof Hegde’s writings are always meaningful and helpful. I never miss his column in Moneylife. Sometimes, I read his column first before turning to other stories. I liked one line in particular: “Spirituality is simply sharing and caring, living and letting others live.”
Nataraj Kailasam, online comment
Unhappy Unpaid Deppositors?
This is with regard to “Sahara: The Untold Story - Book Review” by Yogesh Sapkale. Months later, hardly any unhappy unpaid depositors have come forward to claim refunds, it seems.
Veeresh Malik, online comment
This is with regard to “Wake Up to Your Bank Charges” by Sucheta Dalal and Yogesh Sapkale. A very insightful and well written article. It would be great if you could publish a small note regarding the best of the (worst?!) lot too. This will, hopefully, serve not only as a deterrent to the black sheep but also encourage better banks to improve their services.
Charles Carvalho, online comment
This is with regard to “A Pension for life” by
R Balakrishnan. I surmise that annuity does not look good for people who expect returns after retirement at the age of 60 years. At the same time, one cannot expect to live for more than 40 years beyond retirement. Retirement plans of insurance companies are all alike and not attractive.
Ramesh Jaradhara, online comment
This is with regard to “The Pain of a Financial Consumer” by Sucheta Dalal. I notice that banks, even the State Bank of India (SBI) are adopting invidious ways of charging the customer for ATM use, for example, feeding some urban ATMs with just Rs100 notes and pegging the release at Rs3,000.
For just Rs15,000, the five-time free usage gets exhausted. Second, there are ATMs, like those in SBI Branch at Prashanthinagar (UPPAL, Hyderabad), that worked only for 50 days in a year for the past five years. Any number of customer complaints has not resulted in the change of machines that are too old to function.
Yerram Raju Behara, online comment
This is with regard to “Buying Stocks: An Approach” by R Balakrishnan. I believe those of us who believe that long-term holdings in good equities are the best form of investment, irrespective of one’s age, will always have a good night’s sleep. It would be nice to have your list of 20-30 companies that one should invest in, to help me know if I am on the right track.
Jude Britto, online comment
This is with regard to “Old Gyan about Public Sector Banks” by Sucheta Dalal. This article brings forth the issue of crony capitalism vs government oversight very clearly. A sector, like banking, has its merits and demerits of private and public. Public ownership with good oversight and quality management is perhaps only a desire. Babudom should realise this.
This is with regard to “KSE Limited: A Unique Business.” Kindly, mention the Scrip ID, Sensex information and Group category, for easy buying of shares.
These are basic details that can be sought through the BSE website: www.bseindia.com. You could also contact your broker or financial advisor for more details on the stock or on investments in stocks in general. — Editor
This is with regard to “Right Time for Debt Schemes?” by Jason Monteiro. This is too much of detail and the analysis leaves the lay reader confused. You need to state it simply in a matrix form with an X-Y scale.
Investing in debt schemes can be confusing. Even we wish we could explain it in a simple table or chart. However, all aspects of investing under different scenarios and the risks involved may not be covered. Hence, to make our analysis simple to understand and less verbose, we have used charts and tables wherever possible. — Editor
This is with regard to “Fortnightly Market View: News-Driven Moves” by Debashis Basu. Narendra Modi is a one-man army. MK Gandhi, in our own recent history, was also a one-man army. As a one-man army, he ousted the mighty British. What happened after that? Once the common enemy was out of the picture, the enemy within, i.e., the corrupt politicians around him, took over (in spite of Mr Gandhi’s advice to disband the Congress). The result... once again, the country went into the grip of corrupt systems and politicians. Now, we have another Gandhi (in the form of Narendra Modi).
Nifty may move in the range of 8,600-8,900