Expense Account, Mint The aftershocks of the torture and gang rape of the young woman in New Delhi, who died in a Singapore hospital on Saturday, are still palpable almost three weeks after the incident. In the form of the woman who suddenly stares down the man eyeing her in the closed confines of a...
Expense Account, Mint We’ve shown a more mature cheek this time around when Norway did its we’ll-protect-your-kids number and accused the parents of a seven-year-old for trying to discipline him using physical punishment. The national hysteria is missing and the social media comment is more muted. At the risk of opening an unrelated debate, I...
Expense Account, Mint Gold is fantastic. Gold is a problem. Depending on who you are, you will choose one of these statements. For Indian households gold has emerged as the investment destination of choice. After declining over the first half of calendar year 2012, third quarter data shows an uptick in demand despite high prices...
Expense Account, Mint I’m between meetings and while away time at a Barista near IIT. The book I have open is less interesting than the conversation I shamelessly eavesdrop on. Didn’t have to try very hard as the two men who sat less than two feet away are locked up in a world of their...
Expense Account, Mint The Hongkong and Shanghai Banking Corp. Ltd (HSBC) has been in the news in the past week for all the wrong reasons. Globally, the bank has been under pressure not just for mis-selling in the UK but also for allegedly violating the US anti-money laundering laws. Its third quarter results have a...
Expense Account, Mint Despite the finmin’s public appeal two days back, the Reserve Bank of India (RBI) governor’s worries over inflation scored over growth concerns and he held onto the policy rates—the repo and reverse repo—though he did try to ease liquidity a bit and shaved another 25 basis points off the cash reserve ratio...
Expense Account, Mint Two years ago when the team at Mint Money created Mint50 (the latest listing here: http://goo.gl/23Qon) our aim was to pick out investment-worthy funds from a large pool of over 2,000 funds. The usual processes of getting a robust methodology in place (you can read it here: http://goo.gl/guZtN) and getting a good data vendor...
Expense Account, Mint The word “direct” is possibly the scariest word in the lexicon today for mutual fund (MF) sellers and advisers. At the receiving end of a series of regulatory changes for the last few years, the unregulated sellers’ community is going through growing pains. The next (and certainly not the last) regulatory directive...
Expense Account, Mint An increasingly consumer-focused insurance regulator pushed the envelope just a bit further last week. On 5 October, the insurance regulator asked SBI Life to refund Rs.84 crore to policy holders, you can read the order here:http://www.irda.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo1798&flag=1. The Insurance Regulatory and Development Authority (Irda) rules for group insurance (notified in 2005) mandate that beyond...
Expense Account, Mint October has begun well. On the first day we had the roadmap for financial sector legislative reform unveiled in the form of an approach paper, and significant life insurance reforms. While the insurance reform is about removing wrinkles in the world as it exists, the first one aims to redefine the world....