Expense AccountMintMoneyPersonal FinanceDecember 4, 2020by Monika Halan0RBI gives growth a chance, parking inflation worries for the moment
Both bond and stock markets were waiting with bated breath for RBI Governor Shantikanta Das to indicate if inflation was going to be more important or growth on the morning on December 4. While nobody expected policy rates to be reversed, the market was watching every word that could indicate the central bank was turning hawkish –...
Expense AccountFinancial LiteracyMintMoneyMutual FundsDecember 4, 2020by Monika Halan0Four money rules for gen Z to build a coming-of-age investment portfolio
The nephew has just begun to earn. The euphoria of the first salary. The joy of living at home and seeing almost the entire money sit warmly in the bank account. Checking every five minutes to see that indeed the balance reads what it did five minutes ago. But he is Gen Z and is...
Expense AccountNarendra ModiDecember 2, 2020by Monika Halan0Opinion: India’s big battle of ideas shouldn’t evoke hopelessness
Bloomberg Opinion columnist Andy Mukherjee triggered a weekend storm with his loss of hope in India, as expressed here. He has lost hope in India due to what he considers the “inept” authoritarian handling of the pandemic, arbitrariness of policy, decay of institutions, presence of zombie business houses, and the power of a few firms. He...
Expense AccountMintNovember 26, 2020by Monika Halan0Opinion: Should our manufacturers be allowed to set up banks?
The Reserve Bank of India (RBI) working paper which recommends that manufacturing groups and business houses be allowed bank licences , while mapping global norms against this and disclosing that all but one of the experts consulted were against this, has generated plenty of heat. Like almost everything else right now in India, views on the issue...
Expense AccountMintPersonal FinanceNovember 25, 2020by Monika Halan0More banks won’t solve problem of credit supply
The reason that globally rules on who can set up a bank and what regulatory hoops they need to constantly jump through are much tougher than for a biscuit or a car company or even a telecom service provider has to do with the nature of banking itself. If a non-bank fails, the problem is...
Expense AccountInvestmentsMintMoneyPersonal FinanceNovember 18, 2020by Monika Halan0Bank is safe and so are your deposits
Indian households looking for a safe space to put their money have been going from crisis to crisis in the past few years. Banks have failed, debt funds saw deep losses, and in March 2020, we saw six debt funds frozen. Even people who trusted nobody and kept cash under the mattress lost it during...
Expense AccountInvestmentsMintMoneyPersonal FinanceNovember 17, 2020by Monika Halan0How does the LVB crisis impact you?
Indian households, looking for a safe space to put their money in, have been hurtling from crisis-to-crisis past few years. Banks have failed, debt funds saw uncharacteristically deep losses and in March 2020, we saw six debt funds frozen. People who trusted nobody and kept cash under the mattress, lost it during demonetisation. The latest...
Expense AccountFinancial LiteracyMintMoneyPersonal FinanceNovember 11, 2020by Monika Halan0Don’t buy into the distressed home sales story
The full-page ads are back. So are the stories in some parts of the media where “experts” are advising you to take advantage of the low interest rates and bargain basement prices to invest in real estate. The real estate corporate brokers are pushing the narrative of aisa mauka phir kahan milega (when will you get...