Emergency measures introduced during a crisis need to have an expiry date to avoid their misuse

We are in the middle of a global financial crisis and Indian regulators and policy-makers must, indeed, initiate quick regulatory and policy changes to minimise systemic shocks that could hamper economic growth. But it is important to ensure that emergency measures introduced during a crisis come...

Stick to what is safe, even if the returns are not very high

Over the past nine months, the Sensex dived precipitously from a high of over 21,000 to nearly a third of its value when it sank to 7,700 (intra-day) on 27th October. Millions of retail investors have suffered heavy losses on equity as well as ‘safer investments’ such as mutual funds, unit linked insurance plans (ULIPs), fixed...

There are many ways in which the global financial turmoil will impact you, whether or not you have invested in the stock market

On a day when the Sensex had crashed 700 points after two weeks of financial turmoil that destroyed several mega US investment banks, a local televison channel decided to get public reactions to the global crisis. We saw the expected laments from investors and...