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Showing posts with the label financial times

De-monetization and impact on general population

Recently as part of Indian Governments demonetisation drive, there is a significant opinion divide on whom the real impact falls upon. This article is more of a data driven analysis based on key metrics Black Money - What is it? Who owns it? Wealth division - How wealth is divided and how it is stored Balance of power with Money Population Permanent vs temporary removal of high currency denominations Summary of Black Money In simple terms "black-money" means funds/wealth earned in day-to-day "transactions" which are NOT subjected to tax and therefore unaccounted. One of the biggest misconceptions for the word "black-money" is that it is some type of fake currency, but it is not.  Also other key word here is "transactions" which involves shift of funds/wealth. For instance, if a ordinary blue collar worker earns Rs500 and goes and buys milk from his friendly neighbour for Rs 100, then that IS black-money transaction of Rs100. In a mode

Financial Newspapers without ads

I follow quite lot of Business News.  Though the news are so much manipulated, it gives an overall idea of what's going around the business world around you.  I like Bloomberg's ipad application as its very intuitive. Financial Times (www.ft.com) is unfortunately paid. "Economic Times" is good to get news at macro Level, but unfortunately its flooded by Ads !! So you all might know how to read these news papers without ads? Bloomberg is decent, so not worth the effort to remove ads Financial times trick is to use google cache.  For clues on various tags use their RSS  -  http://www.ft.com/rss/home/uk   and use the meta information to search in another window of google. Then click on cache to read the article. (eg Search in google for  site:ft.com Mon, 04 June 2012) Economic times is based in India but they too have RSS feeds which is good.  Use the link  http://economictimes.indiatimes.com/rss.cms   to the news without ads. In general, if you get the link