Just now, I read the news that the All India Gems and Jewellery Trade Federation (GJF) has asked its member jewellers to stop selling gold coins and bars to customers. Gold coin and bar sales stopped in India You can read the news here. First they asked banks to stop sales of gold coin and […]
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 […]
Inflation in India explained in plain English
Welcome back! This is the fourth part in a series of articles that are meant to explain government finances and how they affect our investments. This part will explain inflation in India in an easy way. Reading the earlier articles in the sequence below will be very helpful. Fiscal deficit of India in plain English […]
What do the RBI and the Batman movie have in common?
Do you remember the character from the second movie in the Batman trilogy, The Dark Knight? Harvey Dent, the crime-fighter, who after a horrible accident turns into a villain called Two-Face. His famous quirk? He flips a coin before deciding whether he takes an important decision, usually when deciding about someone’s life or death […]