Contributing Member of the Accounting & Financial Analysis Councils

GLG News by this Author

An unique form of British Justice of International nature

September 15, 2009

Analysis of:Sweeping proposals to change Indian tax laws could scare off foreign investors | www.timesonline.co.uk

Different standards for different peopleGreed, for power and Pelf.

A fraud is a fraud, whether it is by a communist or non communist or a Satyam

January 8, 2009

Analysis of:Net tightens around China's richest man as wife is detained | www.timesonline.co.uk

Why things are allowed to cascade and grow into a huge iceberg? What sort of corporate checks should have been there or is it they are non existent or is that they are all over the world on PAPER. All rules exist but vanish when proper paper is shown!!!

Tip of the iceberg- tweaking the nose, will not change the shape of the face!

October 20, 2008

Analysis of:India Cuts Cash Reserve Ratio, Pledges Funds to Banks | www.bloomberg.com

The RBI moves to reduce CRR by over 2.5 percentage points within a month, just indicates the inadequacy of the previous responses. Finance Minister, shri. Palaniappan Chidambarem, assuring of the stability of the banking system and that everything is being done to ensure liquidity.  Next, the money account of the waivers announced to farmers, is also being passed on to the banking system, quite in time. Then where is the crisis., where is the demand for such huge money. wHAT IS THE REGULATOR OF STOCK EXCHANGES - SEBI DOING?, WHEN MANY FAMILIES ARE DYING, COMMITTING SUICIDES, DIVORCES AND WHAT NOT? CRISSIS OF CONFIDENCE IN THE SYSTEMS- MONETORY AND NON-MONETISED PARTS OF THE ECONOMY!

Financial crisis and lack of confidence in USA- Why is it not clearing?

October 8, 2008

Analysis of:Pension funds cannot escape financial crisis | www.iol.co.za

Lack of transparency Lack of timely support Lack of preemptive steps lack of adequate measures Finally, misjudgement of the "Iceberg" effect

Choppy Seas need an Anchor

July 3, 2008

Analysis of:The World today | 1read.wordpress.com

Mr. Harnath's analysis is proper and i concur with him. To supplement his views, Power attracts Money and Money gives one Purchasing Power. The worst is Power and Money together, ie MoneyPower which makes one to go above his head and then the natural and scientific great fall from great heights. IT was said by Mahatma Gandhi, that " there is nothing sufficient even if the whole world is at one man's feet, to fulfill this one man's greed" Thus today, whole groups of Greedy humans ( both men and women) are there who want many worlds and hence this Chaos and man eats man and woman eats woman- kind of situation

Every action has equal and opposite reaction

December 17, 2007

Analysis of:Countrywide doubles foreclosures | www.ft.com

The increase in non-recoveries are a direct result of Countrywide's former lending on an unscientific basis. The increase in its ultimate NPAs is the real position for which corrective measures have to be taken. The news about increase in deposits from 24 billion $  to 31 billion $ in one year , of the Countrywide bank is supposedly to balance or mislead the public. But is it the real position. After all all over the world, every bank knows that "window dressing" is something which every banker knows.

Micro Finance- The Most Attractive Financial Instrument For Big Financial Institutions

December 17, 2007

Analysis of:JPMorgan enters micro-finance field | www.ft.com

Small is beautiful but not only that, it is profitable Microfinance is no longer in the purview of small people or small institutions All for good, Every institution, small in particular and now big in this context is having a good time with microfinance

A Rupee in Contrast !

November 9, 2007

Analysis of:CEOs cash in on the Indian Dream | in.news.yahoo.com

India is a Booming economy Financial Sector in India is growing in Leaps and Bounds, thanks to technology and globalisation and Liberalisation Who are the real Beneficiaries??

A Right Turn in the Right Direction at the Right Time by the Right Bank

November 7, 2007

Analysis of:Indian Bank ICICI branches out | www.financemarkets.co.uk

First from a Development Institution to a Bank. Secondly from just a Bank to a High Tech Bank Thirdly, from an Indian Private Bank to A Global Bank for the Global Public

Make Hay while the Sun shines

October 31, 2007

Analysis of:Open bet on future of emerging markets | www.ft.com

China is making a step in the right direction. Emerging markets are where the fruit is ripening for the picking. An Opportunity for the Sub Saharan Africa to grab and utilise to pick up its development pace.

A great effort- for the common man- Mr. Citizen of India

October 19, 2007

Analysis of:Post Office to have largest ATM network | sify.com

It is indeed a noble thought. As they say in the Rig veda, the Spiritual Source of India, Let noble thoughts come from all directions. NCR's views in this directions are correct. In order to increase the outreach of banking, and widen Financial Inclusion, the roping in of Post of fices, which have one of the largest networks and a high level of efficiency and are cost effective, are highly suitable. If only Dr. Sam Pitroda, were to be occupying a good position in Govt. he could perhaps head this "Rural Financial Mission, in ATM mode". Moreover, the apex bank for Agriculture and Rural Development, viz. NABARD, in India, could think of supporting this innovative idea , using its Rural Innovation Fund, if not fully, in phases, at least in a participatory manner. Perhaps, RBI and GOI may direct NABARD, in this regard, in order to boost, Financial Inclusion. The Post offices are already, in a diversification mood, and also collaborating with NABARD, in several small pilot projects.

"After the Horses have run, the stable doors are being Locked"- A CASCADING EFFECT OF SUPER PRIME CRISIS FOR INDIA

October 19, 2007

Analysis of:India pledges greater access for funds | www.ft.com

1. When the Sensex ran up from 10000 to 19000, it was not in a day! 2. If FIIs money was pouring and it was not coming in a regulated manner, what were the regulators doing? 3. If the regulators wanted to take action, Firstly, they could have stopped the Outflow, before stooping to announcements which have led to panic withdrawals. 4. If at all the regulators had a small amount of sympathy towards the small investors, this would not have happened. 5. If USA had SUB-PRIME crisis, India has its own SUPER PRIME- CRISIS.

Regulated Interest regime- is it not in the interest of GE?

September 4, 2007

Analysis of:GE may quit consumer lending in Japan | money.cnn.com

1.  A high interest rate for lending, especially consumer lending, is always harmful. 2.  The rate of interest for lending is always fixed taking into account the cost of borrowings or funds , adding operational costs and risk costs and of course the profit margin., the last being the most important, depending upon the institution and its objectives.

A Prudent decision

September 3, 2007

Analysis of:S&P President Corbet Is Replaced | online.wsj.com

A change for the better

The World(Country)Wide Bust

August 30, 2007

Analysis of:Inside the Countrywide Lending Spree | www.nytimes.com

The Countrywide malpractices, of offering huge commisions for subprime loans  is worth examination as a classic case of killing the golden goose. The non-transparent dealings also show how, the Customer is KING. The non transparent operations, hidden clauses, etc have to be challenged in a suitable judicial forum, to protect the customers, who have been shortchanged.Lastly, the Great USA, the leader of ECONOMIC and FINANCIAL reforms, with great regulations and GREATER institutions to REGULATE it, have to take immediate steps to protect the customers, to uphold the name of the World's capital of democracy.

A fine thought for the day

August 30, 2007

Analysis of:Bank Lending May Feel Bite Of Credit Storm | online.wsj.com

The reduction in Fed rates certain to have impact on liquidity. The Fed rate reduction will improve credit only to a limited extent. The banks will be having money, but their investment will be on less riskier portfolios, such as gilt edge secs.

too little and too late to save our souls- for poor stock holders particularly in India

August 20, 2007

Analysis of:Fed Cuts Discount Rate to 5.75% to Ease Credit Crunch | www.bloomberg.com

The quantum of reduction, ie 0.5% is too low, to have global implications. The expectation of US FED for global markets to make up after nearly 10 days of downward trends  is indeed too much optimistic, as to fall - IT is the easiest thing to do, to rise it requires tremendous efforts and collective confidence, of the fallen angels, ie Stock market- brokers and the HIGH and Mighty who have lost in billions of US $. The confidence building measures have to be responded more by each nation where the markets have suffered and the FIIs which have withdrawn funds require really much time and efforts to withdraw and reinvest, after all the fingers have been burnt and, no amount of balm and ointments, will restore it to its original shape and its utility will be hampered, due to internal loss of confidence and technicals, which will certainly be without any value.

Indian Inflation reined by central bank- a fallacy

August 13, 2007

Analysis of:India’s central bank hails drop in inflation | www.ft.com

If " beggars' wishes to come TRUE , This would also be TRUE. it is a fact that Inflation is benign!! But the other truth of the matter is that inflation is compounding the prices and its effects are cascading all sectors of the economy. It is sad that the effects of inflation are ignored, but only "Statistics" which are after all lies, in toto, are published widely. In India, the economy is reportedly controlled and monitored by the Central bank of the nation, ie Reserve Bank of India, but it is really only controlling the reserves of currency and gold, which it has. WHAT ABOUT THE OVER 108 LAKHS OF FOREIGN US DOLLARS, WHICH ARE IN SWISS BANKS? What about the FIIs, Foreign Inward Remittances which come in the Hawala route? What about the huge black economy of the country which runs a parallel economy, for which neither the Finance Ministry of Govt of India nor the RBI are YET to take any steps. there are no Black Money Bonds, no Big IT raids, no ceiling on wasteful expenses!!!!

Outsourcing - Is it a Panacea?

August 13, 2007

Analysis of:Will Outsourcing Fly? | www.cfoasia.com

Point 1. At any point of time, any solution cannot be a Panacea. Any solution will have its advantages and disadvantages. Point 2. I agree that outsourcing results sometimes in more problems, such as more costs and time overrun. Point 3. At the same time , the article has totally avoided discussing on the recent scams of outsourcing, such as leakages of sensitive data, misuse of vital information, of clients etc. which have led to great damage of reputation of the principal, which on occasion could be irreparable and permanent. Eg Credit card company data, banking client information etc.

Commisions are required to be transparent. It is a contract and the contract should be clear

August 13, 2007

Analysis of:Insurance brokers reconsider taking insurer commissions | www.marketwatch.com

Insurance commision is one important aspect, which is generally ignored by the client. He is not in the know of this aspect, wherin, the Insuring company gives more percentage of commision for initial premia and subsequently reduces the percentage for following years. The agent therefore does not do adequate follow up for continuing the policy without break or just ignores it as there is reduced income. As far as the client is concerned, he or she is hooked and if discontinued looses a huge sum, the whole amount, by way of forfeiture. This system could be streamlined, by the Insuring company taking up necessary follow up action to keep the policy alive by timely reminders. This is generally avoided, by inserting in small letters, a clause, that " non-receipt of reminders etc, late payment etc will not make the company liable " This is an anti-customer clause and should be removed. Moreover, the agent, who has drawn the first commission must be answerable.

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