Monday, August 25, 2014

CBI registers FIR against members of SEBI: CNBC TV18 - Moneylife

CBI registers FIR against members of SEBI: CNBC TV18 - Moneylife

This news is incomplete and confusing.  While the names of four officials with designations are given here, the reasons or the details of the case are not furnished.  Should we take it as reliable and authentic? Can the media flash such half-news about filing of FIRs by CBI and no details? Surprising but interesting.  If only we have to express shock, it is because the body they belong to is an independent regulator of stock market in the country. Now, we have to wait for more time and details to come out; but in the meantime, investors confidence may be shattered.

RBI to work with Govt to redefine deposits as Ponzi Scams mount

RBI to work with Govt to redefine deposits as Ponzi Scams mount

Wednesday, August 20, 2014

Guitar in the Heart - Romantic Music Mix

If only all the beautiful looking horses are also winners! Lovely music though!

Tuesday, August 12, 2014

TAPMI received a Silver Award at the 5th Indian Management Conclave 2014 in New Delhi:

Wednesday, August 6, 2014

amity leadership fest 2k14, amity jaipur

Trying to understand the size, strength and culture of AMITY Jaipur............

Tuesday, August 5, 2014

New Banks Licences 2014

RBI initially planned to clear this task by January 2014 but it got delayed for some reasons. 26 applications for setting up of private banks were received by the regulator from different corporate houses, financial institutions, NGOs or Microfinance bodies and Postal Department.  Then came announcement of general elections and the issue was hanging.  Now that a clarification has been received from the Election Commission that RBI is free to go ahead, two organisations viz., IDFC and Bandhan are being permitted. This is a very healthy sign.  In a phased manner, may be other deserving outfits are also allowed to go ahead.
Rural Banking and Credit, Poverty Alleviation Programs, Cooperative movement, Microfinance or Financial Inclusion cannot remain mere buzz words or jargon for the academics, researchers, policy makers, bankers or social workers. What the farming and rural community need is support be it in kind or cash. Government can help improve their quality of life only by affording infrastructural facilities like roads, safe drinking water, education, shelter, veterinary and medical facilities, employment opportunities and so on. Once these indexes are announced, action and implementation towards attaining of tangible results is essential. These reports, books, articles or research papers cannot merely be placed in racks and libraries. What has been the outcome of 12 Five Year Plans in India post independence in 1947? Whether the fate of the common man below poverty line has changed even marginally? Only the rich are becoming richer while the politicians and bureaucrats have been baking the policies which do not benefit the poorer sections. Twenty-first century world is modern and advanced in many directions – scientifically, economically and technologically. All these resources and inputs should culminate in tangible deliverables. It is a pity that the world leaders continue to indulge in racial discrimination, economic sanctions while terrorism and communal differences prevail all over. Welfare is always given a go-bye.Microfinance and Financial Inclusion

Hence, I called it about five or six years back, Old Wine in New Bottle?