Amul Humour
August 26, 2013 Leave a comment
The Sinking Rupee Through Foreign Eyes
August 26, 2013 Leave a comment
Here’s the Financial Times on the depreciating Rupee:
“the rupee has lost 57 percent of its value against the US currency since it peaked at 39.40 rupees to the dollar in February 2008”.
So basically foreign investors have lost over half the value of their original investment in India in dollar terms in the previous 5 years.Or 15% per year.How many of their investments returned over 15% per year?Was the overall return so much better than the 1-2% returns in their own countries?Does it explain why Indian financial assets don’t seem so interesting to foreigners and NRIs?
Small wonder that the only Indian assets that Dollar owners want is real estate,So boys and gals get ready for another round of irreversible increase in the price of land and real estate.Even today,the average family can own an average Mumbai flat only by saving 10 lacs a year for 30 yrs and that’s not considering interest .Pray how many Indians have incomes that can allow such savings over a life-time?Get ready to be priced out of the market and become a life-long renter.
Found On Tumblr
August 24, 2013 Leave a comment
of the other 26, about 15 would be somewhat eased by the application of more money
Sure,money can’t buy everything but it will buy a lot of awfully close substitutes…..There are only 2 kinds of money problems -Too much or too little.Personally I prefer to live with the former rather than the latter, as its not really possible to avoid the problem altogether,at least not so long as we chose to live a worldly existence.And I think that everyday we each get to choose which one of these problems we want to deal with.There are infinite ways of making money,just give your body.mind and soul free reign to find the ways that work for you.
Beating The Slowdown Betul Style!
August 23, 2013 Leave a comment
40 villages of Betul district in Madhya Pradesh are celebrating Diwali with ,great gusto,two-and-half months early.Apparently there are rumors floating around that the deity of Salkanpur appeared before cattle grazers and warned them that if anyone fails to celebrate Diwali during the rains, the family will lose its eldest son and/or face calamity.
So villagers are now making three trips to the Salkanpur temple to appease the goddess and avert a tragedy at home.And this has given a fresh spurt to the transport business as pilgrims rush to the Salkanpur temple. Normally jeep drivers charge Rs 1000-1200 for a trip to Salkanpur temple, but now a round trip costs Rs 3000-3500. This has lead to suspicion that these transporters are fuelling the rumours to make money.
To be doubly safe rather than sorry,villagers are continuing the festivities for 15 days.Every family is making purchases. There’s brisk buying and selling and money is exchanging hands. Normally at this time of the year, the monsoons bring trade to a grinding halt in this southern district of Madhya Pradesh. Read more of this post
The Real Cost Of Bureaucracy
August 22, 2013 3 Comments
“The government in India, through its incredible bureaucracy, has retarded economic growth in the last 20-30 years by at least 3% per annum in real terms.”-Marc Faber
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