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...
Business Ethics of Insurers
Hello Friends, Last weekend (Feb 25/26) I watched a movie called “Rainmaker” directed by Francis Ford Coppola, rated as one of the best directors and has movies like Godfather to his credit. The movie is based on a book written by John Grisham, Lawyer and acclaimed writer of legal thrillers. Matt Damon, plays the role of an Attorney, very enthusiastic and fresh out of college. He signs up the case of a poor family...
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...