Expense Account, Mint In the days when TV dinners took on a new meaning, when the stories about alleged wrongdoing in the preparations for the Commonwealth Games (CWG) became the meal itself at dinner time in homes across the country, I heard this story. One of the scam accused walks into a swish south Delhi...
Expense Account, Mint The news gets worse every day. Food inflation is in double digits and the base effect argument is now wearing thin. The forecast for prices does not look good, never mind what the periodic calming statements by those in the government say. Interest rates are rising and another rate hike is imminent....
Expense Account, Mint Two things happened in the last week that seem not to be connected but should be. The Citibank fraud bubbled up through the mud and more quietly the Financial Stability and Development Council (FSDC) had its first meeting. The first is a tiny example of what is wrong with the banking sector...