The Slack group at Capital Mind Premium has been extremely active and if you haven’t been there (Premium subscribers only), pop us a note or login here using your premium credentials.
A brief summary of some of the interesting things discussed there in the last few days:
#general: New notes: RBI mystifies with its mixed-up math
Deputy Guv says that total quantum of new notes disbursed to public till Dec 10 had gone up from Rs 4 trillion to Rs 4.61 trillion. Business Standard
#general: Budget to focus on higher spending to boost economy: Arun Jaitley
Finance Minister Arun Jaitley today said infrastructure investment needs a booster and his next Budget in February will focus on encouraging more public as well as private spending to boost economic growth. Economic Times
#general: How do you measure success?
Can success be measured? If yes, what metrics can be deployed? If not, why not? Livemint
2017 Investment Outlook Linkfest
#macronomics: Protests, Looting Eruptas Venezuelans Fume Over Cash Chaos
Venezuela became a country mostly without cash on Friday, sparking scattered protests and looting around the country as people fumed at having their already limited purchasing power cut off almost entirely. New York Times
#general: Deutsche Bank Settles Charges ofMisleading Clients About Order Router
The Securities and Exchange Commission today announced that Deutsche Bank has agreed to settle charges that it misled clients about the performance of a core feature of its automated order router that primarily sent client orders to dark pools. Secutiries & Exchange Commision
#general: Personal-Finance Lessons From the Ultrawealthy
High-net-worth individuals in Tiger 21 investment group share advice on maintaining their fortunes. Wall Street Journal
#general: Fintech could be bigger than ATMs, PayPal, and Bitcoin combined
#general: PF Body Invests Rs. 10,484 Crore In Exchange Traded Funds Till November
Retirement fund body EPFO had started investingfive per cent of its incremental inflows in exchange traded funds based on indices Nifty 50 and Sensex in August last year. NDTV Profit
#general: Despite Gadkari’s Tall Claims, Road Construction Is Way Behind Target
Union Road and Highways Minister Nitin Gadkari has lowered his target of building new roads in the country. Speaking to reporters in New Delhi, Gadkari conceded that his ministry will fall short of building 40 kilometres of new roads each day. Bloomberg Quint
#general: Man who saw the 2008 crisis coming, says Nifty50 to lose 10% in six months
Mukherjea, who is known for have predicted the global financial crisis of 2008 at least a year ahead, said: “Two things are happening in parallel, which make it that much trickier for the market: a) demonetisation, and b) the recovery in the US economy and Donald Trump’s election as US President.” Economic Times
#general: What Affordable Housing Really Means In India
#general: EPFO lowers interest on EPF to 4-year low of 8.65% for 2016-17
Retirement fund body EPFO today slashed interest on deposits to a four-year low of 8.65 per cent this fiscal in tandem with falling rates on savings due to surge in bank deposits post demonetisation. India Today
#general: Demonetisation brings manufacturing to a halt
About 30,000 units manufacturing auto mobile spare parts and about the same number of agro based industrial units have shut shop post-demonetisation with orders drying up. Times of India
#bonds: Correlating Mutual Fund Returns with Downside Protection and Upside Performance
#general: Airlines may have to bear additional tax burden of Rs 15,000 crore under GST
Under the current indirect tax regime, the industry has to pay only about Rs 3,600 crore every year, according to industry estimates, while its annual revenue is pegged at Rs 60,000 crore. Economic Times
#general: Pioneering Fund Stages Second Act
The founder of Renaissance Technologies LLC, one of the most successful hedge-fund companies ever, is trying to pull off a feat few other investment impresarios have managed: passing the torch. Wall Street Journal
#options: The mathematician who cracked Wall Street | Jim Simons
#general: Demonetization breathes life into ‘zombie’ accounts; Rs 2,000 crore deposited in 72,000 dormant accounts
About 72,000 dormant accounts in public and private banks came to life in the first 17 days of demonetization with more than Rs 2,000 crore cash deposited in them. Topping the list was India’s largest public sector bank State Bank of India (SBI) with deposits of Rs 586 crore, reveals official data. DNA India
#bonds: China’s Bond Rout Triggers Turmoil as Leverage Curbs Bite
Leverage, counterparty risks and maturity mismatch. China’s record bull run in bonds had all the signs of a bubble in the making. Bloomberg
#bonds: Modi Drives India Muni Bond Surge to Bring Water to Millions
The city of Pune is looking to tap the bond market to finance a project that plans to provide around-the-clock metered water to more than 3 million in the western state of Maharashtra. Bloomberg
