Posted by: Aadisht on: August 27, 2009
Professor Jayanth Varma has posted his Financial Express oped on his blog, in which he tells us that a CDO is just a small bank, while a bank is a really big CDO: In 2007, when the first problems emerged in CDOs, people thought that these relatively recent innovations were the cause of the problem. Pretty soon, [...]
Posted by: Aadisht on: June 21, 2009
It all started because the UPA government was embarassed by Sainath blasting them for privatising Neyveli Lignite Corporation while farmers were dying in Vidarbha. They decided to show that they were doing something, so they passed a law making moneylending illegal and imposed stiff penalties on anybody who was collecting debts without a banking or [...]
Posted by: Aadisht on: May 30, 2009
The President of the United States, Mr Obama, recently announced that he would eliminate a notorious tax law loophole that rewarded companies for creating jobs in Bangalore and punished them for doing so in Buffalo. American corporations will no longer be able to get away with not paying tax on their income from foreign operations! [...]
Posted by: Aadisht on: May 29, 2009
My aunt who runs a hospital informed us today that the Central Government Health Scheme (the single payer health system for Indian central government employees) has mailed hospitals all over the country. It has informed the hospitals that they can no longer get away with continuous empanelment and lax standards. To remain empanelled with the [...]