Latin Maxim
February 16, 2014 Leave a comment
Inflation Targeting
February 14, 2014 Leave a comment
When printing presses started making currency notes, there was trouble. It was too easy to be irresponsible, and print too much “fiat money”.Every currency needs a “nominal anchor”: something that pins fiat money down to reality. There are exactly three choices for this nominal anchor: gold, a foreign currency like the dollar, or the consumer price index (CPI) basket of goods.
The gold standard — where the US dollar was pegged to 35 ounces of gold — fell apart in 1973. Since then, the world has been looking for a new nominal anchor. Pegging to a foreign currency works well in some places, e.g., for Hong Kong. But pegging the Indian rupee to the US dollar is not a viable option, as this is tantamount to handing over the Indian monetary policy to the US Federal Reserve. This is inappropriate as the Indian business cycle is quite different from the US’. Read more of this post
Enjoy!Don’t Fight.
February 10, 2014 Leave a comment
How do the Hindujas transfer wealth down the generations?
The NRI Hinduja brothers-Srichand, Gopichand(both based in London), Prakash (who operates from Geneva) and Ashok (who lives in Mumbai) have set up a trust that owns the group’s assets.
So,if a young Hinduja spots, say, a cool car that costs a bit, the trust will buy it for him/her. Same for, say, a plush apartment. The trust will get you stuff, but no one will really individually own the assets. Enjoy – don’t fight — seems to be the message from the Hinduja seniors.
Something To Think About
February 6, 2014 Leave a comment
‘As women, our bodies are our sole wealth.A woman who understands the value of her body and trades it wisely is the one who succeeds.If she uses that knowledge shrewdly,she can even control the world.Such is the power we possess.’-Amrita’s mother in Shobhaa De’s Sethji
Most definitely not PC.
Not sure I agree with the sole bit……but isms and institutes that teach otherwise lead women to make sub-par decisions.
Gift Deed Or Relinquishment Deed?
February 5, 2014 2 Comments
Gift deed
This document allows you to gift your assets or transfer ownership without any exchange of money. To gift immovable property, you just have to draft the document on a stamp paper, have it attested by two witnesses and register it. Registering a gift deed with the sub-registrar of assurances is mandatory as per Section 17 of the Registration Act, 1908, failing which the transfer will be invalid. Besides, such a transfer is irrevocable. Once the property is gifted, it belongs to the beneficiary and you cannot reverse the transfer or even ask for monetary compensation.
However, if you want to gift movable property like jewellery, registration is not compulsory. At the same time, a mere entry in an account book is not sufficient to establish a transfer. Apart from physically handing over the property, you need to back it with a gift deed. The process is slightly different if you are gifting company shares. You have to fill out the share transfer form and submit it to the company or registrar, and the transfer agent of the firm. Once again, get a gift deed drawn and executed to complete the transfer, but the document need not be registered. Read more of this post
wealthymatters 