RBI needs to wake up and smell the coffee. Banks need to be regulated when they sell third party financial products.
Expense Account, Mint After I finished a masters in economics from the much venerated Delhi School of Economics where we worked on complicated three-page equations that would solve the economic problems of the world, I realized I was financially illiterate. I couldn’t sign a check nor manage my bank accounts properly. It took some hefty...
Expense Account, Mint The date is 5 October, 2011. Bob Shiller arrives 15 minutes late to class. He’s teaching his signature Behavioural Economics course and it’s the Fall Semester at Yale. I’m sitting in the class as one of the several World Fellows who’ve taken the course as part of our work during the semester...
Expense Account, Mint Talk about money management to most women and you get the eye roll, the head shake and the disparaging half laugh that says—what, me, manage money? I get a variety of responses when I’m introduced as a personal finance writer. I get the self-deprecating confession: Oh, I know nothing about it—I simply...
Expense Account, Mint When I met the head of one of the largest private sector life insurance companies last week in Mumbai, he was clear that the 1 October 2013 deadline to re-engineer the traditional (money-back, endowment, whole life) plans in life insurance would at most be breached by two weeks to a month. (Market-linked...