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#Linkfest: Gold Shortage, Bad Rating Agencies, Services PMI , Low Auto Sales and the Fun in Greece

Gold’s trading at a high premium. Get this, RBI. You can’t reduce the consumption of a product by restricting supply, when demand is high. Jewellers are ...
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Insurance Sector Slows Down, New Premiums Fall 6%

New premiums in Life Insurance companies are down about 6% in 2012-13, and that follows a tough year earlier. (From the RBI Financial Stability Report) ULIPs ...

Early Buyers of Inflation Indexed Bonds Lose 5% in a Month, New Auction at 1.99%

The good folks who bought Inflation Indexed Bonds (IIBs) in the first auction earlier this year have already lost 5% in the market, with another 1,000 cr. ...

Visiting the UK? Pay a 3000 Pound Bond. Will India Retaliate?

The UK has decided to charge a “bond” of 3000 pounds (about 2.8 lakh rupees) every visitor from India, Pakistan, Nigeria, Sri Lanka, Bangladesh and Ghana ...

Reliance Capital Displays Patriotism By Not Selling Gold

Reliance Capital has decided not to sell gold as an investment product, in a press release that defies imagination: Reliance Capital, a part of the Reliance ...

RBI *Buys* Dollars in April Even As Rupee Depreciates

In its latest bulletin RBI has released statistics of how it has traded the dollar – it buys and sells regularly when there is a need to “control” the ...

OT: Even The Indian Government Will Spy On You

Nikhil at Medianama has an excellent piece on the stark lack of online privacy or rights. Milind Deora, India’s Minister of State for IT, has defended the ...

The USD Rupee Rate Runs Up To 59 (Nearly)

The Rupee has hit close to Rs. 59 to a US Dollar, with the RBI rate at 58.92 and looking worse. In the last two days the dollar has appreciated by over 3.5%. ...

Fix 40 MT of Excess Foodgrain Stocked by Exporting Them (Charts)

In an excellent paper titled Buffet Stocking Policy in the wake of the National Food Security Bill, Ashok Gulati and Surbhi Jain from the Commission for ...

Sell All The Excess Gold In Temples

Problem: India imports too much gold. Facts: There is a lot of gold lying in temple vaults, including jewellery, donated by people over years. This does ...