The Sensex may be back at 20,000 but we're very far from recovering the animal spirits that were up the first time. Somehow, hitting a round number is less and less exciting when it's not the first time.
At the beginning of the New Year, the finance minister released a statement on the widening current account deficit (CAD) outlining the cause. The statement came at the backdrop of data released by the RBI on India’s balance of payments for the second quarter, indicating an unprecedented surge in CAD to 5.4% of GDP.
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Born out of a morass of negative portents, 2013 could well turn out to a positive surprise. The year has begun with better prospects than one could have hoped for. The stock markets have zoomed up, being up by about 3% since Christmas, writes Dhirendra Kumar.
Additional tax sops in the coming budget for investment in the NPS, life insurance schemes and infrastructure bonds could be a welcome step in channelising the savings and contributing towards India's growth.
Divya Baweja writes.
A maze of puzzles and a slowdownIf there is a broader lesson to be learnt from the ghastly events of the last fortnight, it is that all of us need to complain loudly and frequently about everything that is wrong with the system. Dhirendra Kumar writes.
In keeping the primary market depressed, how big is the role played by high IPO pricing in the past? writes Dhirendra Kumar.
According to news reports, the US mutual fund, The Vanguard Group, has had total inflows of $130.4 billion till date this year. This is the highest for any mutual fund ever. To put this number into perspective, it’s of the same scale as the total size of the assets managed by entire Indian MF business. The previous record was the $129.6 billion that JP Morgan took in in 2008.
The tale of Salman Rushdie's house is fascinating, but it leads to mistaken conclusions about gains from investing in realty. Dhirendra Kumar writes.
They say many women put on weight after childbirth. Yahoo's CEO Marissa Mayer has decided to shed some - in her company. N Madhavan writes.
The conventional wisdom of equity not being suitable for retirees is not just misguided, but downright dangerous; Dhirendra Kumar writes.
Choosing the right type of investment is far more important than the investment product. When you want to know where to invest your money, the worst question to start off with is the obvious one, that is, “which investment should I choose”. Dhirendra Kumar writes.
The stock guru scam shows that without a new approach, if scamsters are caught at all it will only be after they've done the damage. Dhirendra Kumar writes.
The sketchy reports that Portfolio Management Services give to investors seem designed to make it difficult to evaluate their services; is it time for SEBI to step in? Dhirendra Kumar writes.
However, the bit about the affidavit was apparently true. In 2007, Ranvinder Sandhu of Guru Nanak Dev University conducted a study on a sample of 600 drug addicts. Dhirendra Kumar writes.