Fwd: Today's Exclusives - Investment Advisor Regulation I: SEBI's ideas are, as usual, far from reality; may increase mis-selling!

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From: Moneylife <noreply@moneylife.in>
Date: Tue, Sep 27, 2011 at 7:17 PM
Subject: Today's Exclusives - Investment Advisor Regulation I: SEBI's ideas are, as usual, far from reality; may increase mis-selling!
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27 September 2011   Moneylife Exclusive Investment Advisor Regulation I: SEBI's ideas are, as usual, far from reality; may increase mis-selling! Moneylife Digital Team If SEBI's new norms on investment advisors come into force, mutual fund sales will decline even further and mis-selling of insurance products will increase!...     Exclusive Column     Microfinance: Will seal of excellence and social performance management as yardsticks work? Ramesh S Arunachalam As concepts, a seal of excellence or social performance management will make good yardsticks to monitor Microfinance Institutions, but there will be practical difficulties in measuring these yardsticks and implementing them...       Other ML Exclusives   Medicine for unwanted SMS more poisonous than the disease The regulation enforced by TRAI to curb pesky messages or calls sounds very good on paper. Unfortunately, the broad categorisation under which a subscriber can receive such SMS messages may be misused by telemarketers... .............................................................................................................................................. Daily Market Report: Share prices up on expected lines Nifty may move sideways with an upward bias to the level of 5,015... .............................................................................................................................................. Corporate governance: Home truth for foreign diplomats Lawyers and accountants (caught) breaking their silence... .............................................................................................................................................. Indian microfinance credit bureau: Why is it not fully operational yet? The microfinance credit bureau has not been set up yet due to lack of strong leadership, no serious regulatory support, unrealistic targets, lack of reliable ground-level data, IT issues and lack of focus on execution... .............................................................................................................................................. Investors lost money in 85% of GDRs issued in 2010 says recent study Investments in GDRs have delivered negative 52% average return on investment. Information technology, media and consumer staples companies were the major underperformers. Last year GDRs were a good option due to rising local markets, this year this route seems to have soured for global investors... .............................................................................................................................................. Politics of noise or how norms are drowned in the cacophony Making noise is a political statement just as speeding in a sports utility vehicle with number plates in local script. It is the "dare-you-stop-me" challenge which has to be countered by sticking to the rule book. People must not take this issue lying down. They must approach the environment secretaries in the respective state governments and also the secretary in the Ministry of Environment and Forests... .............................................................................................................................................. Retirement: PFRDA bill, a long road ahead Even if the Act is passed, the NPS is full of holes... .............................................................................................................................................. Personal finance today - American Express launches pre-paid gift card in India - Mobile payments market expected to touch $245bn: E&Y - L&T Mutual Fund floats L&T MIP–Wealth Builder Fund   ON STANDS NOW At a Glance   - TRAI clears SMS confusion; exempts certain services - India-targeted M&A deals worth $39 billion so far this year: Dealogic - JPC members question non-submission of 2G note - Oil ministry sitting on approvals for 8 Reliance gas finds: DGH - JSW Steel considering shutting down Karnataka plant due to iron ore shortage Corporate Wrap-up   - Supreme Infra constructs 4-lane project in Maharashtra - Dabur sets up new beverage venture in Sri Lanka - Tata Communications expands IP/VPN service in Pakistan - Hitachi to enter thermal power business in India   Moneylife Columns     Why is the government of Maharashtra reluctant to address the Mumbai airport transport issue? Sudhir Badami Why is Mumbai lagging behind in providing an effective bus service to and from the airport, when Bengaluru, Delhi and Hyderabad have all got such services? Is it possible that such a bus service could expose the futility of building a metro rail or monorail?     India rising or chaos in the offing? Karan Kharb The prime minister says he has no magic wand to stop corruption; his finance minister announces there is no quick-fix to stop price rise; now the home minister tells us there is no way to prevent terror attacks completely... It's time to deal with our inner ailments and to ensure that poor performance is punished, else we could be headed downhill...     Face 2 Face   Future Generali India Life Insurance: "ULIP charges are squeezed; wonder if any insurer charges less than the maximum allowed" Future Generali believes that the life insurance market is big enough for all the players to compete in newer areas and segments. Deepak Sood, MD & CEO, Future Generali India Life Insurance, says that good claims settlement ratio and quick claims turnaround time are the main drivers of customer satisfaction and retention. Excerpts:..     Editor's Pick   The Fed's latest move may not pay off Twisting long-term interest rates lower will not work, says this analyst. ...................................................................................................................................................... S&P may face SEC charges Action may be taken for the alleged violation of securities law by the ratings agency in 2007. ...................................................................................................................................................... 'Chinese stocks heading for massive short squeeze' Bets on declining share prices have been building up over the past 6 months, say analysts at Societe Generale, adding that China is the "world's most crowded short." ...................................................................................................................................................... Morgan Stanley's top execs cross swords The struggle is between Colm Kelleher and Paul J Taubman, co-presidents of the Institutional Securities Group at Morgan Stanley. ...................................................................................................................................................... Jim Rogers says that the dollar is no safe haven The investor is planning to tank up on the Swiss franc. ...................................................................................................................................................... Cartoon of the week There go his chances.     Book Review   The next convergence: Prosperity code Devarajan Mahadevan What makes some countries keep growing?   FROM the ARCHIVES   RMP Infotec—an MLM company—continues to grow while complaints pile up on the Web RMP Infotec promises income, real-estate grants and car loans for selling product kits and binary income for referrals, typical traits of MLM schemes. Now will this scheme be stopped in time? ...................................................................................................................................................... Will Reliance's diversification strategy pay off? Reliance's stated aim is "transforming the DNA" from being a predominantly energy major to a more consumer-focused business group. Will it work?     To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

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