Markets on Fire Sale
Greetings from PenguWIN A fire sale is a sale of assets at heavily discounted prices. Here, I am referring to the sale of stocks in the market as though all businesses are closing down. Initial reports from the World Health Organization said that the death rate is between 3 to 4%, the rate being higher for 60+. Older people and those with respiratory problems, heart disease or diabetes are at greater risk. There are other sources from...
For the benefit of Senior Citizens and Good to Know for others
Dear Friends, There were constant complaints from Senior Citizens to RBI about the interest rate cuts that resulted in the lowering of Bank FD rates from over 9% to about 7%. Dr. Rajan explicitly mentioned this in one of his speeches and the famous “Dosa Economics” is linked to this (https://penguwin.com/rbi-governor-dr-rajans-dosa-economics/). In the Budget 2017, the government announced a scheme which will provide guaranteed returns to Senior Citizens for 10 years and the rate would...
Finally, some good news to cheer
Hello Friends, I started writing this blog early last week but had to delay it for more than a week. The reason is not the availability of time but wanted to ensure that the blog title should not be construed as an innuendo to the 2 weeks drama in Tamilnadu Politics. Also, the kind of interest that people had in following this drama outside Tamilnadu and even in other countries would make anything else...