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Welcome to Even More Inflation: Govt Plans to Increase Buffer Stocks by 50%

You thought inflation was high? It might get higher. The government plans to buy a heck of a lot more cereals, wheat and rice, and store them and let them rot. ...

Extending Capital Mind Premium to 20-Dec

Due to lots of issues with bank gateways and requests, I’m extending the subscription discount of 40% on the Capital Mind Premium to 20th December. The ...

NSEL Update: Lots of Attachments, Very Little Real Money Coming Back

After a long time, an update on NSEL. The commodity exchange that was basically a large ponzi scheme has unravelled into what seems to be something where ...

BitCoin Crashes 50% After China Stops Banks from Handling It

In a couple days, the Bitcoin price at Mt. Gox, a large Bitcoin site, crashed from $1,200 to less than $600, recovering marginally to $750 today. China has ...

Surprise! They’re Smuggling Gold!

I’ve been saying this for a long time. That if you try to stop gold supply from outside, they’ll smuggle it in. The smugglers are now winning the gold war. ...

Banking: SMS Alert Charts, Fingerprint Scanners on Card Machines, Use Grocery Stores as ATM

SMS Alerts on Usage Basis Only Banks use SMS alerts to tell you about your account balance, any transactions and so on. These alerts are now charged for by ...

Real Estate Inventories Rising, Prices Under Pressure

Commercial Real estate inventories are rising, says Bloomberg. Vacancy rates in the financial center of Mumbai and capital New Delhi topped 20 percent in the ...

The BitCoinundrum: To Buy or Not to Buy BitCoin?

In recent times there has been the emergence of a new financial “thing”, the Bitcoin. This is a new virtual currency, and addresses some of the problems ...

RBI Calms Markets By Downplaying Inflation, Talks Up The Rupee

In a sudden move today, the 10 year bond yield came down from the 9.1% it started with down to 8.91%. At the same time the rupee rose abruptly from the Rs. ...

SEBI Gets Tough on HSBC after MoneyLife’s Expose

Moneylife’s action to expose HSBC for mismanaging the funds of singer Suchitra Krishnamoorthi has paid off; SEBI has now asked HSBC to explain its behaviour ...