Saturday, August 27, 2011

Fwd: Weekly Updates - Home buyers and high interest rates; the pornography of elite corruption; expect a bounce-back on the market; and many more…

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From: Moneylife <>
Date: Sat, Aug 27, 2011 at 3:32 PM
Subject: Weekly Updates - Home buyers and high interest rates; the pornography of elite corruption; expect a bounce-back on the market; and many more…



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Should home seekers put off buying a house because of high interest rates?
The series of rate hikes has resulted in the EMI on home loans going up by more than 20% to Rs1,016 on every one lakh rupees. However, with rates having climbed so high, it would not be wrong to assume that any further increases should be very limited...

*June quarter results threaten the groupthink of the last few months that the market is undervalued
*Another piracy attack on Fairchem Bogey; the threat to national security and economic growth just gets bigger

*Banking study finds rising NPAs in a generally safer product like home loans
*Lifestyle & leisure segment notches up another good quarter
*Real estate sales slip by over 30% in Mumbai; still major developers refuse to budge on prices
*Education loans: More for business, not students
*Can the marriage of MFIs with banks be a sustainable option out of the microfinance crisis?

*Speak Asia COO fears re-arrest by police from other states, may petition SC

India Against Corruption
The pornography of elite corruption, or why they really don't want the Jan Lokpal Bill
When one digs deeper into why the Jan Lokpal Bill is not progressing, and tries to analyse the reason why the mainstream media appears to be stuck on the 'small corruption' angle, while the business media maintains a discreet silence on what is happening, one hits on huge numbers...
*There are limits to what a strong anti-corruption law can do. We should reward whistle blowers and advertise the names of the corrupt
*The upwardly mobile rural poor must be represented in Anna Hazare's movement too
*Tackling multi-faceted corruption in India: Here are a few critical issues in establishing the Lokpal and Lokayuktas
*On a morning round at the Ramlila Maidan: It's quite messy here, but a devoted group is working hard to keep it all together
*Back to the future: Let loose the cats to exterminate the rats
*Back to the future: How babus can nip scams by netas in the bud
*Back to the future: We must create an encyclopaedia of corruption
*'My fast at Azad Maidan, and what various people in the movement against corruption are saying'
*'Day 2 of my fast at Azad Maidan, with mill workers, film stars, and 'Talent Band 20/20'
*'Day 3 of my fast at Azad Maidan; they say crores formed pyramids to break the handi of corruption'
*Team Anna must not ignore suggestions by other groups and citizens
*Understanding the heart and soul of Anna Hazare's movement
*The unnecessary controversy over Anna Hazare's spotless army record
*Couture camp: Get Anna chic
Markets / Regulations
Proxy advice: Check on misgovernance
India needs to encourage proxy services to check corporate misgovernance, but ensure that conflict, regulation and compensation issues are addressed right now, while it is still a nascent business...
*Fortnightly market report: The gloom spreads
*Weekly Market Report: Bounce-back expected
*Nifty falls into support zone; further declines would make risk-reward ratio tempting
*Record pulses crop last year, good monsoon, should help balance prices, despite global shortage
Investing (Stocks / Mutual Funds)
Glamour stocks, ugly returns
It is easy to fall for the stocks of glamorous sectors, promoters or companies, especially since they figure prominently in the popular media all the time. This is a recipe for disaster, as Moneylife Research Desk shows...
*A total of 768 companies had pledged their shares—amounting to a total value of Rs1,536.60 billion—as on June 2011
*Sector funds: Awful choice
*JP Morgan to launch India Focus Fund
Personal Finance
Traditional plan: Avoidable
Guaranteed returns from Bharti AXA Monthly Income Plan: just 2.5% a year!...
*ULIP: Expensive option
Personal Finance
Bond investments: Bond with the best option
Here are a few alternatives for investors who cannot directly invest in bonds either through their brokers or through other financial intermediaries...

*Max Bupa CEO: IRDA should open bancassurance to multiple insurers
*India strongest growth market for gold in second quarter of 2011

Companies & Sectors
Realty sector debt burden in first quarter grows by 16% to Rs385 billion, as profits decline by 19%
DLF alone has a debt of Rs215 billion; companies struggle to raise funds, try to sell land parcels to repay debt, cut losses. Analysts, consultants say developers depend on an improvement in project sales, which can only happen after a correction...

*Cement sector profitability headed towards its lowest in a decade, on supply glut, reports Crisil Research
*Madras HC dismisses H&M petition challenging Rs5 lakh fine by ED
*RBI governor calls on bankers to implement corporate governance as their 'dharma'

Life (public interest / events / advertising)
BSNL subscribers registered under 'Do Not Call' continue to be disturbed by unsolicited calls
Subscribers say that the service provider is ignoring their complaints...

*Poor credit history of your spouse could impact you: Experian COO
*Web search perils: Google, and forget
*Indian Railways' collision avoidance system is a copy of anti-collision device, says Konkan Railway former boss
*Moneylife survey indicates that 74% of respondents have suffered call drops and poor network reception during roaming from one telecom circle to another
*Reliance 3G: Is this a TV or a press ad?

Little Lhasa in India

McLeod Ganj is one of the fascinating parts of Himachal Pradesh with an elegant mixture of British heritage and Tibetan Buddhist tradition...


The Little Book of Valuation

Nike: The vision behind the victory

Dare to Lead

If government employees of the lower cadre do not come under the Lokpal Bill, corruption will continue. Here's a case in point discovered through the RTI Act
Vinita Deshmukh
Car sales: Showrooms with a view
Veeresh Malik
Children see. Children most definitely do!
Anil Thakraney
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