Mis-selling: from impressions to evidence
By Ajay Shah
0 comments»
By Renuka Sane.
Retail finance in India is once again in the news for reasons of fraud, this time in the form of the Saradha Group in West Bengal. There is a general sense that such schemes proliferate because of the failure of financial i....
:: Saturday, May 25, 2013
Latest Blogs
Addressing ponzi schemes: the three parts of the solution strategy
By Ajay Shah
0 comments»
Addressing ponzi schemes: the three parts of the solution strategy There is a great deal of moral outrage about ponzi schemes. Parliament is being asked to "do something!". We have seen this movie in India before. Laws are enacted as a knee-jerk r....
By Ajay Shah
0 comments»
Addressing ponzi schemes: the three parts of the solution strategy There is a great deal of moral outrage about ponzi schemes. Parliament is being asked to "do something!". We have seen this movie in India before. Laws are enacted as a knee-jerk r....
Regulatory strategy for savings/investment schemes, that would address ponzi schemes
By Ajay Shah
0 comments»
By Suyash Rai and Smriti Parsheera The first task in dealing with ponzi schemes is correctly defining the scope of financial regulation. Once a firm is classified as a financial service provider, the appropriate regulator must choose a regulator....
By Ajay Shah
0 comments»
By Suyash Rai and Smriti Parsheera The first task in dealing with ponzi schemes is correctly defining the scope of financial regulation. Once a firm is classified as a financial service provider, the appropriate regulator must choose a regulator....
Investigating ponzi schemes: A malady
By Ajay Shah
0 comments»
By Shubho Roy. What has happened? SEBI was investigating Saradha for more than 3 years before the deposit schemes of the company collapsed (See here). Saradha seems to have used two methods to delay the investigation: When SEBI asserted its au....
By Ajay Shah
0 comments»
By Shubho Roy. What has happened? SEBI was investigating Saradha for more than 3 years before the deposit schemes of the company collapsed (See here). Saradha seems to have used two methods to delay the investigation: When SEBI asserted its au....
Correctly defining the scope of financial regulation so as to block ponzi schemes
By Ajay Shah
0 comments»
By Smriti Parsheera and Suyash Rai. Attack of the ponzi schemes The Saradha Group has gained notoriety in recent weeks with outstanding public deposits reportedly exceeding Rs.200 billion. There was anger and panic. The state government has step....
By Ajay Shah
0 comments»
By Smriti Parsheera and Suyash Rai. Attack of the ponzi schemes The Saradha Group has gained notoriety in recent weeks with outstanding public deposits reportedly exceeding Rs.200 billion. There was anger and panic. The state government has step....
Who is in charge of fiscal policy and tax policy?
By Ajay Shah
0 comments»
In any country, various arms of government like to indulge in taxation of their own choice, and in setting up little treasuries that they control. However, it is quite clear that there must be only one treasury, and only one authority that determi....
By Ajay Shah
0 comments»
In any country, various arms of government like to indulge in taxation of their own choice, and in setting up little treasuries that they control. However, it is quite clear that there must be only one treasury, and only one authority that determi....
Sugar: Letting the invisible hand work
By Ajay Shah
0 comments»
By Apoorva Gupta. The recent announcement that dismantled the levy and monthly release mechanisms, in the sugar industry, will make the industry more efficient and competitive. But much remains to be done. This is a good time to look at the gov....
By Ajay Shah
0 comments»
By Apoorva Gupta. The recent announcement that dismantled the levy and monthly release mechanisms, in the sugar industry, will make the industry more efficient and competitive. But much remains to be done. This is a good time to look at the gov....
Obtaining liquidity for illiquid stocks
By Ajay Shah
0 comments»
The problem While there are thousands of listed companies in India, for all practical purposes, stock market liquidity is the exclusive preserve of large companies. For small securities, the conventional continuous market presents daunting pr....
By Ajay Shah
0 comments»
The problem While there are thousands of listed companies in India, for all practical purposes, stock market liquidity is the exclusive preserve of large companies. For small securities, the conventional continuous market presents daunting pr....
Important work by cobrapost that illuminates high-powered incentives
By Ajay Shah
0 comments»
The investigative journalism by cobrapost, their videos, and Monika Halan in Mint add up to an important story. Most of us have enormous respect for the achievements of Axis Bank, HDFC Bank and ICICI Bank. But as Monika emphasises, there are....
By Ajay Shah
0 comments»
The investigative journalism by cobrapost, their videos, and Monika Halan in Mint add up to an important story. Most of us have enormous respect for the achievements of Axis Bank, HDFC Bank and ICICI Bank. But as Monika emphasises, there are....
Unanticipated consequences of Finance Bill provisions on securitisation
By Ajay Shah
0 comments»
By Bindu Ananth and Kshama Fernandes Over 2006-12, RBI and SEBI have created a strong and conducive regulatory environment for securitisation, listing of securitised debt instruments, and standards of transparency and reporting. Securitisation ....
By Ajay Shah
0 comments»
By Bindu Ananth and Kshama Fernandes Over 2006-12, RBI and SEBI have created a strong and conducive regulatory environment for securitisation, listing of securitised debt instruments, and standards of transparency and reporting. Securitisation ....
The changes in taxation of transactions in futures on equity and commodity underlyings
By Ajay Shah
0 comments»
Taxation of transactions in India began with the equity market in 2004. Prior to 2008, the securities transaction tax (STT) was allowed as a rebate against tax liability against Section 88E of the Income Tax Act. This treatment was withdrawn by the 2....
By Ajay Shah
0 comments»
Taxation of transactions in India began with the equity market in 2004. Prior to 2008, the securities transaction tax (STT) was allowed as a rebate against tax liability against Section 88E of the Income Tax Act. This treatment was withdrawn by the 2....
David Baker's Three Must-Haves for the New Generation of Gold Companies: Accountability, Accountability and Accountability
By The Gold Report
0 comments»
Mining companies have lost the trust of investors, says David Baker, managing partner at Baker Steel. Baker sees the gold market as at a watershed point and the miners must change to stay afloat. In this interview with The Gold Report, Baker sets....
By The Gold Report
0 comments»
Mining companies have lost the trust of investors, says David Baker, managing partner at Baker Steel. Baker sees the gold market as at a watershed point and the miners must change to stay afloat. In this interview with The Gold Report, Baker sets....
Is this a time for monetary policy easing?
By Ajay Shah
0 comments»
`Headline inflation': The year-on-year change in CPI-IW, with target zone superposed. The best price index in India is the CPI-IW. `Headline inflation' in India corresponds to the widely watched year-on-year change in the CPI-IW.....
By Ajay Shah
0 comments»
`Headline inflation': The year-on-year change in CPI-IW, with target zone superposed. The best price index in India is the CPI-IW. `Headline inflation' in India corresponds to the widely watched year-on-year change in the CPI-IW.....
Blog Categories
Most Commented
GOLD STANDARD ... DEBUNKED OR ANOTHER BUBBLE?
By Stephan Zimmermann
43 comments»
The financial liquidity crisis is in full swing around the world. It is no wonder that experts and novices alike seek ways and means to prevent a future recurrence. Many different solutions are enacted and proposed. All of them center on wealth and m....
By Stephan Zimmermann
43 comments»
The financial liquidity crisis is in full swing around the world. It is no wonder that experts and novices alike seek ways and means to prevent a future recurrence. Many different solutions are enacted and proposed. All of them center on wealth and m....
Missing The Obvious
By Dan McLaughlin
43 comments»
I recently heard a very knowledgeable, influential person talking about the future. He had many insights that were helpful and valid. His economic views, however were quite disturbing. He made a comment to the effect that capitalism is immoral. He po....
By Dan McLaughlin
43 comments»
I recently heard a very knowledgeable, influential person talking about the future. He had many insights that were helpful and valid. His economic views, however were quite disturbing. He made a comment to the effect that capitalism is immoral. He po....
Why Software Piracy Isn't Theft
By Bhagwad Jal Park
35 comments»
In an earlier article of mine on the dependance of Windows on Piracy, I promised a discussion on whether or not software piracy should be considered as theft. Well, here we are, and I would like to demonstrate how piracy is not theft. To start of wi....
By Bhagwad Jal Park
35 comments»
In an earlier article of mine on the dependance of Windows on Piracy, I promised a discussion on whether or not software piracy should be considered as theft. Well, here we are, and I would like to demonstrate how piracy is not theft. To start of wi....
Why I want to get out of America as fast as I can
By Bhagwad Jal Park
30 comments»
I arrived in the United States a few months ago with my wife. It was my first time to America, and I was looking forward to experiencing new things and enjoying myself. However, I am becoming aware that far from being everything that America is hyped....
By Bhagwad Jal Park
30 comments»
I arrived in the United States a few months ago with my wife. It was my first time to America, and I was looking forward to experiencing new things and enjoying myself. However, I am becoming aware that far from being everything that America is hyped....
The End Of Fractional Reserve Banking?
By Dan McLaughlin
28 comments»
United States Treasury Notes were recently auctioned off for a yield of 0%. That means that very smart people running mutual funds, brokerage houses and other very large organizations were willing to invest lots of money and get nothing in return ot....
By Dan McLaughlin
28 comments»
United States Treasury Notes were recently auctioned off for a yield of 0%. That means that very smart people running mutual funds, brokerage houses and other very large organizations were willing to invest lots of money and get nothing in return ot....
Got an Economics Question?
By Stephan Zimmermann
22 comments»
The Internet, television, and magazines or newspapers are full of features concerning economics. So is Amateur Economists. The gamut runs from economic philosophy to politics to econometrics and more. Readers have many questions. Undoubtedly, you w....
By Stephan Zimmermann
22 comments»
The Internet, television, and magazines or newspapers are full of features concerning economics. So is Amateur Economists. The gamut runs from economic philosophy to politics to econometrics and more. Readers have many questions. Undoubtedly, you w....
Inflation, Deflation, Recession
By Norbert Haag
18 comments»
We all know what inflation is, don't we? Sure, we know, it is rising prices. Is it? Why? What is the reason for higher prices? And, more important, do the prices really rise? Compared to what? Have I confused you? Good. Time to talk a bit about the ....
By Norbert Haag
18 comments»
We all know what inflation is, don't we? Sure, we know, it is rising prices. Is it? Why? What is the reason for higher prices? And, more important, do the prices really rise? Compared to what? Have I confused you? Good. Time to talk a bit about the ....
A World Without the Fed: Why Opposition to the Central Bank is Growing
By J.D. Seagraves
18 comments»
“How is the Fed’s performance in the present economy,” asks The Citizen Economists’ Poll. “They’re doing excellent,” say a sarcastic and/or deranged 5 percent of respondents. Twenty-one percent say they’re “doing okay,” and another 12 percent say “pr....
By J.D. Seagraves
18 comments»
“How is the Fed’s performance in the present economy,” asks The Citizen Economists’ Poll. “They’re doing excellent,” say a sarcastic and/or deranged 5 percent of respondents. Twenty-one percent say they’re “doing okay,” and another 12 percent say “pr....
Subscribe
Blogs RSS feeds [What's this?]Get Our Blogs in Your Inbox
The Citizen Economists Poll
Q.
Should the U.S. government require every citizen to have health insurance?
Yes
No
Blogroll
In the Forums
Religion and Economics
"Without referring to religion, the point that would-be economists need to address is their fundamental view of nature of mankind. To me it is important that not only the Judeo-Christian-Muslim views be addressed, but also the various philosophies of the...African worlds. Perhaps since the U.S. and modern Europe are the accepted leaders in terms of economic theories, tracing that branch of the science back to Abrahamic principles might well be an appropriate first step. ...No matter what the approach, a recognition of each person's view of the nature of mankind should make economics much easier to digest and understand." Discuss...
Recent Comments
Aaron:
I have pirated some things in my day, and I still know its not right or legal. I do it, but trying to justify it is idiotic at best....
I have pirated some things in my day, and I still know its not right or legal. I do it, but trying to justify it is idiotic at best....
Chris Eastaughffe:
Well, three months later those coins from the Canadian Mint turned up!! Must have come via Moscow!! I've heard of snail mail but this is ridiculous!! But on the bright side, better late than never......
Well, three months later those coins from the Canadian Mint turned up!! Must have come via Moscow!! I've heard of snail mail but this is ridiculous!! But on the bright side, better late than never......
KretinaKK:
2 TERRORIST ORGANIZATIONS SPONSORED BY THE PRESIDENT OF ARGENTINA CRISTINA FERNANDEZ DE KIRCHNER LA CAMPORA & VATAYON MILITANTE LA CAMPORA - a semi military style terrorist organization that is led by Cristina Fernandez de Kirchner's son - ...
2 TERRORIST ORGANIZATIONS SPONSORED BY THE PRESIDENT OF ARGENTINA CRISTINA FERNANDEZ DE KIRCHNER LA CAMPORA & VATAYON MILITANTE LA CAMPORA - a semi military style terrorist organization that is led by Cristina Fernandez de Kirchner's son - ...
Alan Collinge:
Unfortunately, you gloss right over the crux of this problem: The unwarranted, unprecedented removal of standard bankruptcy and other consumer protections from this debt instrument. It has corrupted the entire lending system from top to bottom. ...
Unfortunately, you gloss right over the crux of this problem: The unwarranted, unprecedented removal of standard bankruptcy and other consumer protections from this debt instrument. It has corrupted the entire lending system from top to bottom. ...
Michael G. Hurston:
I think many of us are looking forward to the opportunities that driverless cars represent, and while the roads are getting their improvements it would be great to see other coexisting technologies introduced such as BiModal Glideway's tech. More opt...
I think many of us are looking forward to the opportunities that driverless cars represent, and while the roads are getting their improvements it would be great to see other coexisting technologies introduced such as BiModal Glideway's tech. More opt...
veeru:
TOI has started a campaign now. let us hope something will come out in spite of all vested interests...
TOI has started a campaign now. let us hope something will come out in spite of all vested interests...
Joe:
The creation of something that someone else wants for the purpose of sale to sustain a living is an age old practice. If a musician or a programmer makes something that you want, they deserve to get something in return so they can sustain their livi...
The creation of something that someone else wants for the purpose of sale to sustain a living is an age old practice. If a musician or a programmer makes something that you want, they deserve to get something in return so they can sustain their livi...
