If there’s one offender of the recent global Financial crisis that has absolutely no plausible excuse for its ruinous behaviour, it’s the credit rating industry. Even the most generous of the commentators have had no kind word for the credit rating agencies. It was as if the credit rating agencies were, first, competing to dole  [ Read More ]

In an environment where banks are coming under new public scrutiny, legislation may fundamentally transform the industry. Here’s a look at what has happened, and what may happen Ever since old man Lehman and his brothers (whoever they were) went up to the big banker’s clearing house in the sky, just about 2 years ago  [ Read More ]

Here are the winners for the financial crossword in Money Manager 8: Sethunarayan N Rishabh Goel Sarat Kr. Sattiraju Sumit Bhartia Ankit Agrawal Congratulations!

In a true testimony to its growing clout, Chinese economy surpassed that of Japans as the world’s second largest in the second quarter of 2010,( In terms of nominal GDP). According to the data released by the National bureau of Statistics, Chinese economy has a gross domestic product of $1.34 Trillion, while that of Japan  [ Read More ]

Goods and Services Tax is arguably the most significant tax reforms proposed by the government of India since Independence. Going by the way Finance Minister, Pranab Mukherjee advocates its need; GST is expected to replace the current indirect tax regime with a more neutral, transparent, easy-to-administer and economically efficient tax system by April 2011. In  [ Read More ]