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  1. #21
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    At last the indian govt has taken decisive steps to support the rupee after intervention of indian PM.

    Indian re climbed by about 1.5 rs before settling about 1 re up.

    This is what happens when power is concentrated in one person.

    My attempts to invest in FMCG and IT paid off while I still ended up with a few nationalisd bank losers
  2. #22
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    However the NRI bonds are held and repatriable in $$, just like FCNR terms. So there should be no exchange loss. The returns are probably modest, in the 5% range, so you can't make a killing.
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  4. #23
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    Quote Originally Posted by biswa View Post
    However the NRI bonds are held and repatriable in $$, just like FCNR terms. So there should be no exchange loss. The returns are probably modest, in the 5% range, so you can't make a killing.

    Read the fine print. My debentures were repatriable in Dollars, but they were converted and reconverted.
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  6. #24
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    Another weekend sept 15th-16th.

    Retired TBs in india might have something to cheer about.

    FD rates might go up and debt funds might become attractive.

    I would not be surprised if interest rates hit 10 or 11%.

    India had to decisively intervene to prop up the rupee.

    Though it has enough for imports of oil and other essentials depleting dollar reserves would look forward to higher NRI remittances

    So it might it might float dollar funds to attract NRIs.

    2. India is getting drawn into US orbit by signing COMCASA , reducing dependance on iran oil and trying to draw away from russia.

    It might become slave to american whimsical policies which might change after Trump era.

    We really do not know whether we have to toe the american line to stay afloat . They will decide who our friends and foes are.

    Containment of china appears to be their prime objective. We are only fringe players. We might strengthen our navy to patrol the seas to

    counteract china with US support. The price we have to pay might be patrol the pacific to please the US.No support is ever without strings.
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  8. #25
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    I like the new openness sweeping indian metros.

    Many get into live ins , look for accommodation in metros .

    If they check into five star hotels they feel normally safe.

    Otherwise they hunt for Homestays when they have limited resources.

    In bangalore or hyderabad it is easy.

    In chennai which is still conservative, heading to pondicherry or ECR appears a good option.

    Northern cities are far more permissive.

    Delhi with all its monuments provides easy meeting /peergroupmeeting places.

    Delhi zoo is a favourite haunt.

    It is an in thing to flaunt ones girl friend .Those who do not have one are treated as outcastes by their friend/peer group and left alone

    Some getting married at registrars with help of friends is becoming common place so is separation

    so more are honest in relationships and call it quits if it does not work out

    I cannot help welcoming this new india
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  10. #26
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    Singapore is a city where everything is orderly.

    Full time water and power,good public transport -metro rail and bus,clean large roads and smoother traffic

    There is always a fear that one is breaking some rule or the other.

    Living in such a society is OK as a visitor for short stay.

    One gets homesick missing the noise and disorderly living in india.

    We have lived with a philosophy that rules if any are meant to be broken.

    We feel comfortable with a feeling that minor violation of rules is fine

    Who has not violated a traffic signal or crossed roads when the traffic sign is red?

    The unwritten rule is bike and car drivers should avoid pedestrians light or no light.

    We have very few accidents when we see the extent of violations.
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  12. #27
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    Quote Originally Posted by krish44 View Post

    so more are honest in relationships and call it quits if it does not work out

    I cannot help welcoming this new india
    Krishji,

    Are you sure that you are NOT becoming Blasphemous??????

    Is there any scriptural proof that it is allowed???

    Will it pass the smell test of our "religious police"?????
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  14. #28
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    Few weeks back it was IDBI To day its IF&LS Can LIC put its money money in these dud investments? Can LIC emerge unscathed.?[


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  16. #29
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    Quote Originally Posted by prasad1 View Post
    Krishji,

    Are you sure that you are NOT becoming Blasphemous??????

    Is there any scriptural proof that it is allowed???

    Will it pass the smell test of our "religious police"?????
    True...this is totally Haraam! Lol
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  18. #30
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    Quote Originally Posted by Janaki Jambunathan View Post
    Few weeks back it was IDBI To day its IF&LS Can LIC put its money money in these dud investments? Can LIC emerge unscathed.?[
    LIC is kept afloat by policy holders premium . So LIC"s income is assured. . Taking IDBI and IL and FS will help keep fiscal deficit numbers in

    check.Nothing much happens to LIC.
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