Jack of all or a Master of one

The post is about entrepreneurship in India where I have tried to put the views.
From the last couple of  years  Baba Ramdev, Kishore Biyani, Vijay Mallya and Govt. Of India has been making the news and there is lot more things common between them.

Lets begin with Baba Ramdev who became a household name by selling the benefits of yoga to the masses. He claimed that even diseases like cancer could be cured through yoga. Those who have seen his yoga Continue reading “Jack of all or a Master of one”

RBI and types of Money

The rupee is getting weaker against the dollar and RBI likely stepped in to sell dollars via state-run banks in early trade on Monday after the rupee opened weaker on global risk-off sentiment. The rupee is trading at 53.46.

In the mean time just thought of sharing some basics from RBI : –

Narrow Money (M1) This is a fortnightly compilation. It consists of:

  1. Currency notes and coins with the public (Excluding cash on hand of all banks). Continue reading “RBI and types of Money”

Buying an Insurance policy ..Caveat Emptor

There is a very interesting column done in the mint today on the insurance policies which die due to lapsation or the product cost is too high.

Insurance in India is still a huge commission based business what is interesting the lapsation ration is on the high-rise from the data collected.

In insurance, customers return this product by either letting their policy lapse or by voluntarily surrendering their policy. In case of the non-linked business (term, group, health and endowment plans) for Birla Sun Life Insurance Co. Ltd, the lapsation ratio was as high as 72% for FY11.

Lapsation ratio indicate the number of policies lapsed divided by the average number of policies
Continue reading “Buying an Insurance policy ..Caveat Emptor”

The Black Swan or the White Sheep

Lot of things written about the the financial markets profesionals as in one of the remarks somebody coated its better to be lucky fool rather than a unlucky talented genius. They say make hay while the sun shines as its a cyclical industry, but remember Wealth is like sea-water; the more we drink, the thirstier we become; and the same is true of fame. by Arthur..It doesn’t mean that you run away from sea water..and below is some past collection :

  • The three most harmful addictions are heroin, carbohydrates and a monthly salary.
  • To bankrupt a fool give him information.
  • Education makes the wise slightly wiser, but it makes the fool vastly more dangerous
  • The best revenge for a Liar is to convince him that you believe what he said.

Continue reading “The Black Swan or the White Sheep”