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Economy
Are We Doing Shady Tax Reporting?
From the government: Net direct tax collections for the current F.Y. 2013-14, up to 17th September 2013, stood at Rs. 2,38,325 crore as against Rs. 2,11,641 ...
Commentary
The Fed Does Not Taper
The US Fed decided to keep buying bonds worth $85 billion a month. There is therefore none of the expected “taper” in the bond purchase program that had ...
Foundations
What Is The MSF Limit, Really?
Warning: This is a complicated post on banking. If you are intimidated by acronyms please do not proceed further. There is some confusion regarding the limit, ...
Stocks
Tech: Tata Steel and TCS Show Up Short
From the last ACC close we do seem to have some intermediate short positions showing in the MACD+Bollinger Reject system. (HT @anayash and reader Himanshu) ...
Economy
RBI Tightens Screws on Forex Traders on Online Websites
The Reserve Bank of India, after getting sick of telling banks to please not allow their clients to transfer money to forex trading accounts (forex trading ...
Commentary
From the NSEL Desk: Anjani Sinha’s Affidavit
The incredulity in the NSEL scam never ceases to amaze. Latest is that the ex-CEO Anjani Sinha tells a judge that he is the fall guy. Here’s his full ...
Fixed Income
MSF Borrowing Still At 1.4 Trillion
MSF borrowing under the Marginal Standing Facility was 1.426 trillion (1.426 lakh crore) yesterday. This is close to the limit of 1.6 trillion that is the ...
Startups
SEBI Finalizes Angel Fund Regulations
SEBI has notified final regulations for angel funds. I have noted many of these in the past, so for background: Angel Fund Guidelines: Helps the Superangels, ...
Fixed Income
The Low Risk NRI Mega Return Through Leveraged FCNR Deposits
Foreign banks are now rushing to fund Non Resident Indians who can invest the money into Indian dollar deposits under the FCNR scheme. The RBI has reduced the ...
Commentary