For Whom Wealth Matters
March 14, 2013 2 Comments
January 14 Makar Sankranti
January 27 Pushya Nakshatra
February 13 Shree Ganesh Jayanti
February 23 Pushya Nakshatra
March 23 Pushya Nakshatra
April 11 Gudi Padwa Read more of this post
March 13, 2013 5 Comments
Our government would have us believe that it is the insatiable appetite of Indians for gold that is at the bottom of our balance of payment problems.Here is the truth and the figures have been put up by the RBI not any advocacy group with an agenda!
The net impact on trade deficit due to the domestic demand of gold is estimated at 0.3% of GDP. It is not perceived to be very significant. However, reducing this could bring down the current account deficit (CAD) — which reflects the gap between domestic savings and investments.
So how about some truth?Anybody for fiscal consolidation?Cutting down on wasteful government expenditure?Can we start out by ensuring that government servants opt for basic vehicles not glam ones and ordinary phones not Apple models,when these are bought out of government money?How about an audit of where exactly our subsidies have gone and who exactly has benefited from them?How about a little less corruption in government?As one stalwart put it why not a more tolerable level of corruption rather than the dacoity killing our economy?
March 13, 2013 4 Comments
Gold prices are unlikely to fall sharply in the near future . The RBI working group,headed by KUB Rao, calculated the probability of a gold price decline in four baskets (6-months, 3-months, 2-months and on a 1 month basis). Its analysis of the past data shows that there is no probability of a drop in gold prices of more than 40% and even the possibility of 30% dip or more in prices is rare in all the four baskets.
March 13, 2013 2 Comments
DO MBAs from global B-schools give Indian students a better RoI than IIMs? The question is worth asking because Stanford University increased MBA tuition fees by 3.9% last month, even as salaries are declining.
In rupee terms, an MBA at top global B-schools can cost anywhere between 60 lakh and 69 lakh. Median pay for graduates with three years’ experience or less at these global schools has dropped to $53,900 ( 29.32 lakh) in 2012, down 4.6% since 2007-08, according to US website Payscale.com that examined 186 schools.An MBA at IIM-Ahmedabad, on the other hand, costs 17 lakh and students graduating from it earn a mean pay of 13.73 lakh.
Students need more than two years’ salary to pay back the cost of a global MBA. Indian MBAs pay back much faster.
Still, the popularity of global MBAs is unlikely to wane anytime soon. MIT Sloan has 100 students of Indian origin, of a total of 750 in its management programs. At Harvard, of 588 full-time international students in business courses, India forms the biggest chunk with 85 students for the year 2012-13.
wealthymatters 