Irrational Choice

Sebi is also concerned about the absence of a link between the cash market and the derivatives market. But the majority of options traders have never traded options to take or give delivery

For those who have donated, the question is: Where are the disclosures to shareholders?

It would be interesting to see how the new chairman handles it

Demonetisation (even Howard Marks supported it) will reduce the creation and flow of black money

The government has provided no official explanation behind the note ban that is backed by hard data

A wide spectrum of experts believed banks would gain

According to one calculation, more than Rs 156 crore in new currency notes has been seized so far

Demonetisation is really aimed at those who have large stacks of old notes that they can't declare

The Rs 500 and Rs 1,000 notes that are not deposited in banks by 30th December will extinguish RBI's liability, and it can declare a big dividend to the government

In short, the largest investments by the Tatas over any decade happened under Mr Tata between 2000 and 2010, and overall, they have lost big money

Sebi has just issued a discussion paper on tightening the role of investment advisors

What we need is strong policy action from the ministry of finance to dramatically increase competitiveness of banks, who actually do most of the mis-selling

In early August, the Reserve Bank of India (RBI) formed a committee to study the state of household finance in India

The global financial crisis finally drove home the fact that savers and investors cannot make rational choices always, faced with complex decisions or too much information

The objective and provisions of many of our laws were not designed for democracy

Mr Chakrabarty, who had his feet well-grounded in both business banking and consumer issues, was a rare commodity in the central bank because of his clear thinking, ability to learn, frankness, drive and integrity

One of the aims of policymaking and governance must be to reduce friction and facilitate ease of use

The single most important issue in PSBs is corruption, flowing from government ownership, for which nobody is accountable

Businessmen too were excited with the payment bank idea, as they always are, when regulators seem to open the cookie jar just a little bit to allow a few hands to dip into it

The government can now claim this as a clear proof that it is committed to economic reforms and getting important economic legislation passed