I explaining how what is market capital, market cap index, free float or investible weight, adjusted market cap, index divisor, formula for computing market index etc.
I recently read about VC firms asking the founders of potential investee company to register in a developed country for the ease of doing business in general, and for friendly corporate tax in particular. In that scenario, profit making startups doing business in India become tax payers to a foreign country when foreign funds invest in those companies. That looks like win-win for all as these companies create jobs in India and hence create individual Indian tax payers while they pay relatively less tax to a foreign country and increase profit for the investors. There is no doubt India needs to improve on ease of doing business and have a business friendly tax regime in addition to drastically reduce corruption and bureaucratic processes. We also need to strengthen our laws for intellectual property rights. Recently, in the budget this year, Indian finance minister announced gradually reducing corporate tax to 25% over 4 years to rationalize it. This is welcome. That s...
Manish Sawankar and I recently (around May 20, 2009) visited a magnificent ancient Bawadi (a well with staircase and community space) situated at Vela (Harishchandra) about 12 KMs from the zero mile, on Wardha road, Nagpur. The Bawadi still has good clean water that is being used by the Church nearby. The structure is ill maintained like most other ancient structures in India and needs immediate attention from the Archaeological survey of India. It may be a good option to involve some corporate sponsorship to augment resources for the maintenance of the historically and culturally important water-body in these times of water scarcity in India. Photos are available at http://www.flickr.com/photos/29473404@N08/3603117284/
When I see proliferation of digital devices and increasing use of those in e-learning, I wonder if the generations a few years later would be writing with hands or using digital devices. I guess, the biggest sacrifice for using digital technologies would be our ability to write with hand and pen. Manual writing may become an art-form like painting or a sport like horse riding, archery and shooting. Pen may join swords, guns, tape cassettes, floppy discs and CDs in museums a few years from now. It may join calligraphy as a special skill set one learns out of interest than out of a need.
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