Points to Ponder. NRIs – In the wonderland of Indian investments
- October 22, 2020
- Posted by: Arunanjali Securities
- Category: Business
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Lewis Carroll recounts how Alice had a great time in the Wonderland. Like in Alice’s fantasy land, there are some, so called experts, who claim that successful investing has always had that uncanny hint of thaumaturgy about it. This sense of magical control can be intoxicating and fun and it can lead, in some accidentally...
Points to Ponder. Residential Status & Taxability of Income
- October 22, 2020
- Posted by: Arunanjali Securities
- Category: Business
The region of coastal Karnataka, beautiful though it is, suffers torrential rains of 3600 mm (state average 1139 mm, country average 1170 mm & global average 814 mm) in just about 4 months every year. The heavy rainfall for which we all keep eagerly waiting every year, nevertheless, washes off the topsoil of an undulating...
Points to Ponder. The World – Post Covid-19
- April 26, 2020
- Posted by: Arunanjali Securities
- Category: Business
It appears that the tail events which the ubiquitous bell curve suggests, need not be all that rare. In less than 12 years, our world has seen two such events: The sub-prime crisis of 2008-09 and the covid induced disruption of 2020. While one was a financial crisis, the other is a health one, but...
Points to Ponder. Covid-19 and Market Mayhem
- April 26, 2020
- Posted by: Arunanjali Securities
- Category: Business
US President Donald Trump proclaims, “We are waging war on Corona virus using every financial, scientific, medical, pharmaceutical and military resource, to halt its spread and protect our citizens”. Yet, the world’s economic and technological superpower is rattled by the virus with 123498 confirmed cases of infections and 2211 deaths as of 29th March! Indeed,...
Points to Ponder. Budget 20-21 – Decoding Personal Tax Proposals
- April 26, 2020
- Posted by: Arunanjali Securities
- Category: Business
The citizen who by now is inured to the hype every budget comes with, might as well say, a la Tennyson’s Brook, budgets may come, budgets may go, but the economy goes on! In fact, the question is why all this hullaballoo about budgets, when Finance Ministers routinely announce major decisions such as the path...
Points to Ponder. Yield Curve & RBI’s Operation Twist
- April 26, 2020
- Posted by: Arunanjali Securities
- Category: Business
From time immemorial, mankind has been fascinated by curves and figures, both animate and inanimate! When one talks about equity markets, the figure that one watches is the market index like the Sensex or Nifty. When it comes the fixed income securities, financial analysts and economists as also policy makers keep watching the Yield Curve....
Points to Ponder. 2020 – The Stock Market Conundrum
- January 20, 2020
- Posted by: Arunanjali Securities
- Category: Business
It might not have been an act of political chicanery. It was, nevertheless, a pathetic sight to see our finance minister desperately trying to defend the functioning of a dismal economy, even if by indulging in a charade, reluctantly conceding that there is an economic slowdown but not a recession. While the discussion on distinction...
Points to Ponder. AIF to the Rescue of Real Estate
- December 4, 2019
- Posted by: Arunanjali Securities
- Category: Business
AIFs or Alternate Investment Funds, as per SEBI guidelines, operate in 3 categories. They, like mutual funds, pool capital from investors, primarily HNIs and Institutions to invest in various asset clases. Category I, AIFs invest in start-ups or early-stage ventures, SMEs, infrastructure or other areas which the government or regulators consider as economically desirable. Category...
Points to Ponder. Infosys – Will it Bounce Back?
- November 5, 2019
- Posted by: Arunanjali Securities
- Category: Business
Infosys, which until recently was touted as the poster boy of good corporate governance is now in the news foralleged governance lapses! The complaint to SEBI, SEC and the Infosys Board by whistleblowers, who call themselves ‘Ethical Employees’, have accused the topmanagement of wrongdoing. But then Infosys is no stranger to controversies ever since Vishal...
Points to Ponder. RBI Reserves – What is the Right Level?
- October 3, 2019
- Posted by: Arunanjali Securities
- Category: Business
Anybody who is somebody has had an opinion on the transfer of “surplus” reserves of the RBI to the Government. But, as the cliche goes, the devil is in the details and an objective assessment of the rationale for the transfer of Rs 1.76 lac crores from RBI to the centre, can be achieved, if...