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Tuesday, April 17, 2018

Interesting readings

The great bank fiddle by Manish Sabharwal in The Indian Express, April 16, 2018.

A Guide to Getting Along in Putin's Russia by Maxim Trudolyubov in The New York Times, April 16, 2018.

The wrinkles beneath the RBI's cheery disposition by Rajrishi Singhal in Mint, April 16, 2018.

Indian currency manipulation by Ajay Shah in Business Standard, April 16, 2018.

RBI's powers over PSBs: What's the truth? - II by Debashis Basu in Business Standard, April 16, 2018.

Michael Cohen and the End Stage of the Trump Presidency by Adam Davidson in The New Yorker, April 14, 2018.

Can RBI press for open currency? by Devangshu Datta in Business Standard, April 13, 2018.

Is SEBI being a nanny to investors? by Aarati Krishnan in Business Line, April 12, 2018.

Not fair: Finance Commission's terms of reference stray from propriety in Business Standard, April 11, 2018.

Walking the digital financial tightrope by Gangesh Varma & Rajat Kathuria in Business Standard, April 11, 2018.

Further liberalise derivatives market in The Economic Times, April 10, 2018.

Fear of virtual currencies by Vaibhav Parikh & Arvind Ravindranath in Business Standard, April 9, 2018.

The Four Challenges Before NCLT And Why Losers Must Not Become Winners by R Jagannathan in Swarajya, April 9, 2018.

When the supervisor slept by Ila Patnaik in The Indian Express, April 9, 2018.

Unicorns of the Intellectual Right by Paul Krugman in The New York Times, April 8, 2018.

Addressing the insolvency code's many dilemmas in Mint, April 8, 2018.

Can someone ask India's central banker some tough questions please? by Sriram Iyer in Quartz, April 6, 2018. Also see: The undersupply of criticism by Ajay Shah in Ajay Shah's Blog, May 21, 2010.

The monetary policy committee report by Raghuvir Srinivasan in Business Line, April 5, 2018.

Confidence in the House by M.R. Madhavan in The Hindu, April 5, 2018.

Failing the law by Kapil Sibal in The Indian Express, April 5, 2018.

Sebi is at it again. NSE, BSE investors can't ignore regulatory risks by Mobis Philipose in Mint, April 5, 2018.

RBI's move to allow banks to downplay treasury losses can hurt investors in Business Line, April 4, 2018.

1 comment:

  1. SEBI has come up with a new classification scheme for mutual funds. I learnt that they do not have a category for short term gilt funds. So, all gilt funds are now going to contain a mix of maturities. I got a notice from my MF that my short term gilt fund is changing into a composite gilt fund. What this means is that a) my portfolio's interest rate duration risk is changing due to the regulator's actions, b) I have no option to actually change back my risk profile to what I want it to be as there is no option to choose a short term gilt fund anymore and c) even if I were to switch back to an appropriate mix I would incur short term gains tax.

    All due to a retarded classification scheme which does not allow for a short term gilt fund, a basic option upon which everything is built on. Short term gilts are the basic risk-free rate.

    What is even more off is that a) the MF industry (Fund houses and the distributor guilds) seems fine with it or has been unable to convince SEBI otherwise on such a simple, basic issue. b) the media hasn't written about this. What the hell is the matter with SEBI and the media and the industry? I don't get it!!

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