The IIFL NCD (non-convertible debenture) issue has opened already on 5 September 2012. I have written about it in an earlier article. Shriram City Union Finance NCD opens on 12 September 2012. Religare Finvest NCD and Muthoot Finance NCD are expected to open for subscription soon. All of them are NCDs issued by NBFCs (non-banking […]
Pay no attention to Chidambaram when he speaks against gold
Anti-gold statements Source: Wikipedia More and more households should be encouraged to save in financial instruments rather than in gold. – P. Chidambaram, Finance Minister, 16 Aug 2012 And today, he got support from the industry. The government is planning and CII is fully supportive of better incentive for investment in mutual funds and equity […]
How inflation destroys wealth, explained in plain English
Welcome back! This is the fifth part in a series of articles that are meant to explain government finances and how they affect our investments. This part will explain how inflation in India affects your wealth. Reading the earlier articles in the sequence below will be very helpful. Fiscal deficit of India in plain English […]