Why the government of India has been increasing petrol prices freely and will continue to do so in future despite common sense that it aggravates voters

A simple but tricky question – In a country of almost 120 crores people how many people do you think are directly and materially affected by petrol price hike ? Get the answer at the end . With another round of increase in petrol price (almost 40% increase in price in last 1 year) IContinue reading “Why the government of India has been increasing petrol prices freely and will continue to do so in future despite common sense that it aggravates voters”

Would you invest in this Company ?? (Indian Bankers love it)

Here is a tricky and tough(if you can call it with these terms) question for you regarding investing in a particular stock –Will you invest your money to buy stocks of a company whose performance summary is following : Talking about consistency it has made consistent losses(Negative Net Profit) for last 7 years with lossesContinue reading “Would you invest in this Company ?? (Indian Bankers love it)”

Fitch Ratings comparison India and Iceland Ratings in 2006 and 2011 (Unbelivable)

Came across Fitch ratings on India in 2006 http://www.rediff.com/money/2006/jan/18fitch.htm Rating of India — BB+ Highlights (Heading of arcticle was Fitch warns India on mounting debt/GDP ratio) Despite rapid economic growth of 8.1 per cent in the first half of this fiscal, global credit rating agency Fitch has warned India’s “weak public finances” will constrain higherContinue reading “Fitch Ratings comparison India and Iceland Ratings in 2006 and 2011 (Unbelivable)”

Greece Troubles

Came across really nice arcticle by Jonathan Weil of Bloomberg . All these are worth reading as he has the courage to say what all bankers want to hide . JPMorgan doesn’t pay fines even after repeating the frauds again and again How European banking Authority is behaving like an Ostrich by trying to buryContinue reading “Greece Troubles”