Expense Account, Mint he son-in-law of a friend is part of the under-30 young crowd that lives salary cheque to salary cheque and firmly believes in the Keynesian tenet of being dead in the long run. His wife and my friend worry about it, but are indulgently helpless even as he lugs home the next-generation...
Expense Account, Mint Indu makes the world’s bestaloo parathas—thin, crisp and dripping in oil. Many economists shrug off their cholesterol worries at our doorstep to sample my housekeeper’s fantastic breakfast treats. So when Indu asks for a morning off when another macro being is planning to drop in for a micro bite, I want to...
Expense Account, Mint Targeting a distant financial goal is a scary prospect. Apart from the possibility of the instrument you choose not delivering, there is a real fear of the target itself changing due to either circumstance or inflation. When targeting faraway goals, typically a child’s higher education or marriage or a retirement corpus, we use...
Expense Account, Mint Would you like to buy a bond that not just gave you guaranteed interest at an increasing rate but also doubled your principal in 20 years? If I were about to retire, I’d queue up to buy this product. And maybe even pay a transaction fee on it. One of the biggest...
Expense Account, Mint The last year has seen a few (well, okay, just two) financial sector chief executive officers I know question their Rs3 crore remuneration packages, even as their peer group races ahead for that “bonus at any cost” management mantra. Those racing forget, of course, the old Indian adage that the shroud has...