'Why are FMPs used as a vehicle for promoter funding against listed shares?' asks Debashis Basu.
These beautiful photos of India will give you travel goals.
IIM Lucknow students share their (hilarious) take on what it's like to study in a B-school.
This is Sourav Ganguly's second term in office after he became CAB president in 2015 following the death of Jagmohan Dalmiya.
Wasim Jaffer scored a masterful 103 not out to help holders Mumbai reach 184 for three on the third day of the Ranji Trophy Super League match against Orissa at the Brabourne Stadium on Thursday. The Mumbai captain's knock included 13 boundaries. He was involved in a 175-run third wicket partnership with Prashant Naik (67) after Orissa's seamers had sent both the Mumbai openers back to the pavilion.
The Securities and Exchange Board of India does not seem to have understood the enormity of what funds have been up to. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.But MFs decided to become lenders without the legal backing to secure themselves, or the skillset to assess lending risk. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.
For the past 10 years or more, the RBI has been turning down dozens of applications under the RTI Act that sought disclosing the list of wilful defaulters and the RBI's inspection reports. In fact, it is the only organisation that has a granular and complete view of the heist that has been going on for 25 years at least. But it has escaped any blame for the multiple rounds of bankruptcy and massive periodic recapitalisation of public sector banks caused by bad loans. In fact, they don't want anyone to know how incompetent and collusive they have been in handling bad loans, says Debashis Basu.
The insatiable greed for money and power is too large, too repugnant to thwart. And no one epitomised that better than Harshad Mehta, notes Dhruv Munjal.
Max New York Life on Wednesday announced the launch of a unit-linked endowment plan, Life Maker Premium.
Use of shirts or T-shirts with party symbols and slogans for campaigning during the coming Lok Sabha polls will not be allowed in West Bengal."Party symbol or slogans can only be used on caps or scarfs for campaign purposes. Other apparel including shirts or T-shirts will not be allowed by the EC," the state's Chief Electoral Officer Debashis Sen said after an all-party meeting.The EC has allowed graffiti on private houses and establishments subject to permission by owners.
Bangladesh captain Mushfiqur Rahim faces a race against time to be fit for the one-off Test against India next month after the wicketkeeper-batsman was advised a week's rest to recover from a finger injury.
The bypolls for four seats were conducted on September 16.
Reliance Industries chairman Mukesh Ambani recalls his early childhood and what his father Dhirubhai taught him.
Readers share their travel photos with us. You can share yours too.
'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.
'When fund managers talk of being bullish for the long term, they assume strong economic growth.' 'That is what they have assumed every year, naively believing the pronouncements and promises of ministers.' 'Unfortunately, they have been wrong year after year,' observes Debashis Basu, editor, www.moneylife.in.
The problem is with the broking model and what brokers are allowed to do, notes Debashis Basu.
Gautam Gambhir hit a magnificent 86 to propel North Zone to a comfortable 252 for four against East Zone.
'It is strange a government that is bold and coercive has meekly chosen to do more of what has repeatedly failed to work in the past.' 'And sadly, rating agencies, the business community, fund managers, and analysts, who know this, have chosen to act as compulsive cheerleaders,' says Debashis Basu.
The two earlier visits in mid-January and end of January of the observers led to the detection of a huge number of false, dead and shifted voters.
What was the RBI doing, what was the PNB top management doing, what were the auditors doing, asks Debashis Basu.
Airfares from Qatar to destinations in India have dropped to a record low this summer.
Banks are cheating customers with rates that are unfairly high, discriminatory, and opaque, denying legitimate savings to borrowers, while the RBI has been looking the other way, says Debashis Basu.
India's football captain underwent an orthoscopy on his left knee and will miss the World Cup qualifier on September 8.
To say capital gains from stocks are effortless shows little understanding of the treacherous investing terrain, says Debashis Basu.
While the PM sees zero tax on long-term capital gains and dividend income as unfair since the beneficiaries are not poor, he is silent on the fact that rich farmers too don't pay taxes, since farm income is tax-free, a loophole exploited by many netas and babus, says Debashis Basu.
India borrows ideas that we don't need, like the FRDI Bill, and ignores the ones we need, like rewarding whistleblowers such as the ones who want to save Bombay Mercantile Bank, says Debashis Basu.
Top Indian striker and captain Bhaichung Bhutia has been ruled out of next week's Asian 2006 World Cup qualifier against Japan following knee surgery.
It is clear as daylight to anyone that a charge or a cost to simply reduce interest on a floating rate loan is extortion, but this is exactly what the RBI has officially sanctioned, says Debashis Basu.
Why do we need a cure here for peculiarly Western diseases when we don't have those diseases, and which the West itself is not trying to cure, asks Debashis Basu.
Debashis Basu lists various reasons why laundering through the stock market thrives.
Rediff.com readers wish the Indian coach on his 49th birthday.
A maiden unbeaten knock of 119 by opener Swapnil Asnodkar helped Goa to a position of strength.
Digital services work best when the seller designs a system where default options are designed to help the buyer, says Debashis Basu.
Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
It is best to invest long-term surplus in stocks or equity mutual funds.
Travel through the length and breadth of India, just at the click of a button!
Consumers will thank the Modi government for this simple yet revolutionary move, which is long overdue, says Debashis Basu.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances