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.
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/
Banking is moving towards making ATMs almost like a branch where most of the basic banking transactions can be done using technology. This encourages banks to avoid opening branches in general, and particularly in rural areas where there is a huge less-literate population that is unable to use an ATM and requires someone to talk to for banking. I am wondering, when we can use ATM of any bank irrespective of where we have our account, how about allowing customers to use the branch of any bank irrespective of the bank where one has the account? Imagine the impact of this on inclusive banking in rural areas where bank branches are far and few in between. This may provide more reasons to have a bank account for huge rural population that avoids banking and prefers cash for lack of easy access to bank branches in smaller villages. This may also encourage banks for have more branches for opportunities to cross sell products, apart from additional revenue from potential service ch...
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...
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