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Debashis Basu is a Chartered Accountant by qualification with three decades of experience as a journalist and the author of several business books. He has worked with The Times of India, Business World, Business India, Business Today, Financial Express and has written columns for Business Standard and The Economic Times. He now writes a column for Business Standard every alternate Monday. Along with Sucheta Dalal, he has co-authored two best-selling books, "The Scam: From Harshad Mehta to Ketan Parekh" and "Absolute Power: Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam".
Debashis Basu is a Chartered Accountant by qualification with three decades of experience as a journalist and the author of several business books. He has worked with The Times of India, Business World, Business India, Business Today, Financial Express and has written columns for Business Standard and The Economic Times. He now writes a column for Business Standard every alternate Monday. Along with Sucheta Dalal, he has co-authored two best-selling books, "The Scam: From Harshad Mehta to Ketan Parekh" and "Absolute Power: Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam".
The fundamental job of Sebi is to preserve the integrity of the marketplace by ensuring fair and equitable access
The market players were expecting that if long-term gains are taxed, the STT would go. But this has not happened
The PM sees zero tax on long-term capital gains and dividend income as unfair since the beneficiaries are not poor, only the well-off dabble in shares
We should expect many legal skirmishes and endless tinkering of the IBC rules in future
How can this situation be improved by pouring more capital, and that too through the easy option of financial trickery?
The Act allows for the creation of a massive bureaucracy and multiple levels of professionals who will all need certification
The Indian financial sector and its regulation are heavily influenced by the West, especially the US
Modi and Amit Shah have a kind of energy and courage that we have never seen before
If you are expecting any better outcome from this latest move, you believe in miracles
The government is usually the source of the problem and it rarely pays to appeal to it
Every serious case of public protests ends with the government agreeing to set up a committee
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
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