Daily Archives: December 23, 2016

How to treat the notes which are not returned

Well,jokes and rhetoric aside, how do RBI treat the notes which are not returned.

C. Rangarajan & Usha Thorat have their take in mint. This is quite a lesson in accounting


How Modi govt lobbied Moody’s for ratings upgrade, but failed

Rating Agencies are major stake holder in international finance. No wonder they were identified as the prime culprit when global finance ran wild. The hallow institutions were tarnished. But not enough, I guess. Recent effort by Indian government to lobby one of the three  major rating agency.

Though it is highly unbecoming of Indian Govt to indulge in this, I guess the practice is quite widespread.