In your interest.
Online Personal Finance Magazine
No beating about the bush.
The realty sector was among the worst hit when the global financial crisis led to the market meltdown in 2008. Top developers were desperately lobbying the government for a bailout and pleading for unrealistic interest rate reductions to avoid lowering prices. Finally, residential prices dropped around 30%, but it was hardly enough, given the sharp increase in the previous four years. The...
India has too many regulators with far too many powers and negligible performance
On 3rd October, the Central Bureau of Investigation (CBI), which is armed to the teeth to intrude into the lives of any Indian, moved court to drop the cases against Ottavio Quattrocchi. Earlier, it had asked for the Interpol Red-Corner notice against Mr Quattrocchi to be removed. The businessman, a close...
The idea of a super-regulator is a distraction from the much-needed clean up
The tendency to elevate form over substance applies to almost everything we do; it is especially true for government policies on investigation, regulation and enforcement agencies.
Consider the latest kite-flying about formalising the High Level Coordination Committee (HLCC) on financial markets. The HLCC, when it...