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Month: May 2012

4 / 5

RBI Cuts EEFC Balances to 50%

RBI allows exporters to hold their forex earnings in an Exchange Earners Foreign Currency (EEFC) account. This is so that they can pay in forex for stuff they ...

Chart: Five Years of Nothingness

Or almost. Invest using SIP they said. Every month, month on month, you invest money, buying into the Nifty, and your return today, after five years, is a ...

Jim Grant: Look at the Depression of 1920-21

Jim Grant usually has excellent things to say, and he raps the Fed on their knuckles, in their very office, in a brilliant speech. (Note: I don’t agree ...

Why RBI Buying Govt Bonds Is Not A Big Deal

RBI has announced an Open Market Operation (OMO) to buy Rs. 12,000 cr. (120 billion) worth of government bonds, on Friday, May 11. Bond Yields have fallen ...

Budget 2012: GAAR Deferred, Taxes at Source Cut

In his prepared remarks introducing the Finance Bill into Parliament today, Indian Finance Minister Mr. Pranab Mukherjee announced some changes to the ...

Startup Tax: Diluted To Allow "Angels"?

The FM, in his remarks while introducing the Finance Bill today, provided some relief to the startup community by potentially allowing angel investments to not ...

Austerity Loses European Vote

There’s a new fear in the air. Of losing support for austerity. France saw a change of presidency as Sarkozy was voted out 52% to 48% in favour of ...

Of Losses and Low Prices

From my column at Yahoo: Is "cheap" good, when you’re making losses? In general, people like cheap. As in "inexpensive", not ...

Why We Shouldn't Ban Algorithmic Trading

I write on Yahoo: Why We Shouldn’t Ban Algorithmic Trading On Friday, 20th April 2012, two mysterious events occurred on the National Stock Exchange ...

Slideshare, LinkedIn and Indian Taxes

Slideshare has just been bought by LinkedIn for $119 million. Slideshare allows you to share documents on the web, and lets you embed them on web sites or view ...