Tamil Nadu is witnessing the worst drought in 140 years and there is no daily supply of drinking water in Chennai.
In many areas, piped water is being supplied only once in three days. I feel not only agitated, but also sad.
Madras (what to do, I’m still uncomfortable with Chennai and Mumbai) will always have a special place in my life. I was 17, when with a suitcase in hand, first time I walked out of the Madras Central railway station, the huge majestic building, designed with a combination of Gothic and Romanesque styles. The original railway station was designed by George Harding, later modified by Robert Fellowes Chisholm with the addition of the central clock tower. It was opened in 1873, some 144 years back. All these details I had memorized from a booklet and with the flood of information about the grand old city my mind was transported to several years back. I felt being part of its history, like a character in any Dickensian novel. Thankfully, I remained one, right from that moment for another four years, as a result of very sincere and pragmatic efforts by some very nice people, whom I met there the first time. In the process I learned so much about the happenings of the century I was born in – certainly the 20th Century was the bloodiest of all. The much greater slaughter occurred because of two absolutist, uninhibited, unrestricted ideologies and sociopolitical experiments - fascism and communism. It murdered people in war and democide without the inhibition of culture and religion.
Madras was the place I grew up intellectually, although I was studying engineering, a dry and bland subject. The credit goes to some private lending libraries, second hand bookstore owners and some very enthusiastic old people I met; in all of whom I literally saw an abstract image of the captivating song “No matter what the future brings/As time goes by” penned by Herman Hupfeld, from the classic film Casablanca.
Diese Geschichte stammt aus der July 2017-Ausgabe von Indian Economy & Market.
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Diese Geschichte stammt aus der July 2017-Ausgabe von Indian Economy & Market.
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NEW INVESTMENT PRODUCT CATEGORY IS SEBI'S LATEST MOVE COMMENDABLE?
The Securities and Exchange Board of India (SEBI) has introduced a consultation paper proposing a new investment product category aimed at addressing a specific market need. This proposed asset class would offer investment options that sit between mutual funds (MFS) and PMS, filling a gap and providing greater flexibility in portfolio management. The new investment vehicle is designed for investors who are prepared to take on riskier market positions but find PMS schemes or AIFs out of reach. SEBI after reviewing the feedback and finalizing the regulations through stakeholder discussions, may issue the final regulations.
DECODING THE CHINA MYTH
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Until the 2014 Lok Sabha elections, when the Bharatiya Janata Party secured 282 seats and Narendra Modi ascended to power, India experienced 21 years of coalition governments. A decade later, the BJP holds 240 seats in the Lok Sabha, and India is once again governed by a coalition. Fitch has indicated that coalition politics and a weakened mandate for the NDA could hinder the passage of ambitious reform legislation. It raises the question: Do coalition governments impede the economic reform agenda?
Transforming The Indian Stock Market
With a rising number of millennials, Gen Z investors, and tech-savvy traditional investors, Robo advisors are making a significant impact on the FinTech and WealthTech sectors. Factors like growing per capita income, favourable demographics, and increasing smartphone and internet Usage further enhance India’s potential as a robust market. Al’s role in stock market analysis is unquestionably growing. It enhances rather than replaces human judgment, providing powerful tools for informed investment decisions.
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Face to Face
\"We believe ourselves to be service providers and not any goods manufacturer\"
THE REALITY OF CORPORATE ESG INITIATIVES
Today, environmental, social, and governance (ESG) considerations dominate business discussions and have become an integral part of the strategies of many organisations in different industries. While some companies are grappling with these new standards and commitments, others, already aligned with the Sustainable Development Goals (SDGs), are well prepared to meet the evolving regulations and standards related to corporate social responsibility (CSR) and ESG.
Standard Capital Markets Ltd. Incorporates Subsidiary for Insurance Broking
Standard Capital Markets Ltd., a leading player in the financial services sector, has announced that it has incorporated a subsidiary under the name of “Standard Insurance Broking Ltd.” to act as a Direct broker under the Insurance Regulatory and Development Authority of India (Insurance Brokers) Regulations, 2018.NOC of Insurance Regulatory and Development Authority of India already taken and now company will also apply for taking Insurance Broking License of Insurance Regulatory and Development Authority of India (IRDAI).
THE IMMINENT MIDDLE EAST WAR
Recent intelligence from a variety of sources points to an Israeli war against Hezbollah, which is an Iranian proxy. Hezbollah is systematically attacking Israeli bases, radars, intelligence-collections facilities and other defense system components. Now the attacks are spreading to include Israeli settlements in the West Bank and Galilee. You’re just not hearing about it in the mainstream media. These attacks have three effects: They break down Israeli military and intelligence systems, terrorize the civilian population and handicap Israel’s ability to conduct air attacks on Syria or Lebanon. James Rickards points out why all these are imminent.