Wednesday, November 25, 2015

The crying financers in a rolling economy

Today the economy rolls. Virtue is money and vice is money. And money is money.
Virtue cries. Vice laughs. Money cries.
Most people cry. I laugh. My mother cries.
Do you laugh or cry? And identify your money personality.

Wednesday, September 30, 2015

Your financial worth in future

You save money every month in Savings Bank. You invest in shares every month.
You have gold, fixed deposits for future. You have flats, plots or houses.

You have to educate your kid. You have to marry off your daughter. You may have other important financial commitments on a future date.

Do you want to know your worth on a future date? Of course, not an accurate prediction algorithm based. But on thumb rules.
Here it is :

Thursday, August 6, 2015

Big bucks

India always had zamindari system. Workers were paid meager salary and sumptuous grains.
For the government at center industrialisation was of importance. Meaning big bucks.
T T K was a brilliant finance minister who must have thought about this discrepancy.
He brought about nationalisation of banks. He had able people like L K Jha etc.
Big bucks is not easy by invitation. Russians did it inviting locals to join. Russians are Russians. Indians cannot do this.
Big bucks are luck. They are great. There are people who don't have time to count the bucks they have. Sometimes a few bundles may fall due to absent mindedness. They keep moving ahead. 

Friday, July 31, 2015

Report Card of Modi

With the promise of a solid economic foundation of Swachchtha, Modi government began to work.
It is an awesome innings which is still continuing.  It is like breathing in a familiar air. It is akin to coming back home after a long journey.
So what do we have apart from a promise of more and efficient gas distribution. Promise of 18 lakh jobs.  An opportunity to financers to think about how the RBI should be. Whether RBI governor should have veto power ( read a strong hand ) or not. A blazing decision asking PSU banks not to pay dividends. A personal but stern caution to the bureaucrats to buck up. And more such steps that gives us hope that efficiency in body is not that matters. But in work.
He very well understands that economy is anything but Adam Smith. Being vice is difficult than being virtuous. For there is no time to come back to virtues.  The problems are so enormous.
My feeling is changes should be gradual. This would be scientific.

Monday, June 15, 2015

Tangled Economy

Why is Maggi 2 minute noodles so popular?
In two minutes, you have food on your table. It has been precooked in large scale in factories and dried and packed. So that a man, a woman or even a child can cook.
Economically as I see, a large saving in energy bills happen with Maggi 2 minute noodles. Only 2 minutes at our end and a dish is ready for us.
Maggi is also like rice and it takes only two minutes or so whether it is 1 packet or 2 packets or more.
But Maggi has wheat. It is not rice. It supports wheat producers and many wheat product eaters get a wheat food item on their table in two minutes.
So much of advantages can go in drain due to wrong and limited testing ability in our labs. Even I need roti, kapada and makhan. But do I make a scene out of it by announcing it to magazines. No. I would have contacted the company concerned.

Sunday, February 22, 2015

Pradhanmantri Jan Dhan Yojana

This is one of the most appreciated schemes of all times. This scheme was launched by Shri Narendra Modi, Prime Minister of India. The scheme aims at inclusion of all Indians in the Economy Objective of India.
Under this scheme,
1) Every Indian can open a bank account as a part of Jan Dhan Yojana.
2) Insurance of Rs.30,000 to the account holder is provided
3) Accident insurance to the account holder shall also be provided.
4) The earlier Congress Government had promised to deposit subsidies into bank accounts. This account can be used to receive such subsidies and incentives. Also possibly wages under MNREGS schemes.
5) Overdraft till Rs.5000 can be availed, preferably to a lady in the family of account holder. But the condition is the account has to be used for 6 months effectively.
Narendra Modi talked of "Make in India". I am confident people will be enthusiastic and change "Make in India" to "Make in Gaon". This is what India wants.