All stories by Debashis Basu
How Insolvency Process is being GamedRediff.com15 Jul 2021
The brand new bankruptcy process is being brazenly gamed by those with connections and money. The touts and fixers of the previous regime have been replaced by a new set close to this one, observes Debashis Basu.
Why GDP data is irrelevant to marketsRediff.com16 Jun 2021
Large investors track high-frequency data that is immediately available today. That data has been bullish, points out Debashis Basu.
Invisible Growth behind Sensex RiseRediff.com8 Jun 2021
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
Why markets are booming in Covid timesRediff.com21 May 2021
Even when large businesses said they were flying blind in mid-2020, the markets rallied and an incredible business boom followed. This is not to say that the markets will continue to rally and there is nothing to worry about, observes Debashis Basu.
Banks, end KYC-account freeze nonsenseRediff.com7 May 2021
While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.
Why CBI went after Sebi officers for Saradha, not SaharaRediff.com15 Apr 2021
It is intriguing that the CBI has shown little interest in the most scandalous and biggest collective investment scheme ever, from the Sahara group, asserts Debashis Basu.
NSE Outage: Interoperability won't workRediff.com25 Mar 2021
While most brokers have upgraded their backend systems to trade, their front-end systems have not been upgraded. They are not compliant with Sebi's interop circular of November 2018 and no one seems to be either aware of this, nor has anything been done about it so far, explains Debashis Basu.
The MYSTERY over NSE's Feb 24 'tech glitch'Rediff.com10 Mar 2021
It is mystifying how the NSE, a near-monopoly, gets protection, as the February 24 episode shows, when it is competition and accountability that should be the regulatory objective, says Debashis Basu.
Will the real Mr Modi please stand up?Rediff.com26 Feb 2021
Human memory about policy issues is short. That alone can explain why many are deliriously happy with his latest slogans and ignore seven years of poor 'doing business' climate, taxtortion, extortionate oil prices, and high dependence on babus and the big State that has kept the enterprise system stifled, observes Debashis Basu.
What to make of this bull market?Rediff.com12 Jan 2021
It is impossible for anyone to explain how markets are hitting record highs during an economic recession. It is both mysterious and surreal, notes Debashis Basu.
Why be afraid of businessmen owning banks?Rediff.com15 Dec 2020
Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
Corporate-run banks: Will depositors benefit?Rediff.com2 Dec 2020
The most common complaint of financial consumers is cumbersome processes, complicated products, usurious charges, and mis-selling of products, which finally don't deliver what is promised or as expect, notes Debashis Basu.
Rs 43,000 cr! That's how much banks didn't pass on to borrowersRediff.com20 Nov 2020
The RBI, which has no interest or mechanism to get feedback from bank customers, is unaware of this. If made aware, it remains silent, proving that it has no problem in allowing lenders to short-change its customers, says Debashis Basu.
How about a Hammurabi Code for financial offences?Rediff.com21 Oct 2020
Scams happen with high regularity because the price of getting caught is insignificant. Aggrieved investors run from the police to already clogged courts to find redress for issues for which financial regulators have been specifically set up. For over 3,750 years we have known what to do, but we don't do it, observes Debashis Basu.
Reforms are about implementation, not announcementsRediff.com12 Oct 2020
'The promises of netas and babus and new laws, however well-meaning, mean little.' 'What matters is implementation on the ground.' 'Every law is finally implemented by a vast army of offici
Where will multi-cap funds find small-caps to invest?Rediff.com25 Sep 2020
And if there are so many opportunities, why haven't they invested in them, asks Debashis Basu.
The truth about India's ease of doing business claimRediff.com15 Sep 2020
'The recalculated ranking showed India should have had a higher ranking earlier (113 in 2012 instead of 132) and lower ranking later (114 in 2018 instead of 100).' 'This would mean that there has been no change in India's climate of doing business across two regimes.' 'This is exactly consistent with the reality on the ground,' observes Debashis Basu.
Why Modi's tax charter reads like a cruel jokeRediff.com26 Aug 2020
'Under this government, tax laws have become more draconian, and the government itself is setting stiff, unrealistic targets for tax officials, who have got more powers to harass us,' points out Debashis Basu.
How to protect investors from stockbrokersRediff.com13 Aug 2020
The problem is with the broking model and what brokers are allowed to do, notes Debashis Basu.
Why are our banks so secretive?Rediff.com29 Jul 2020
'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.