Fwd: Today's Exclusives - Back to the future: Let loose the cats to exterminate the rats

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From: Moneylife <noreply@moneylife.in>
Date: Wed, Aug 24, 2011 at 7:28 PM
Subject: Today's Exclusives - Back to the future: Let loose the cats to exterminate the rats
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24 August 2011   Moneylife Exclusive Back to the future: Let loose the cats to exterminate the rats R Vijayaraghavan The movement generated by Anna Hazare indicates that there's a lot that can be done even without an anti-corruption law. The first part of a three-part article outlines what we ought to do so that the Jan Lokpal and Lokayuktas are effective in catching the crooks...     Exclusive Column     Another piracy attack on Fairchem Bogey; the threat to national security and economic growth just gets bigger Veeresh Malik India's national security and economic growth are at risk at the hands of a ragtag bunch of pirates, who can reach within miles of the Indian coast and pick up whatever they want, when they want. This is the bigger issue, which gets subsumed while emotions well up on the issue of the seafarers in captivity for months...       Other ML Exclusives   Tackling multi-faceted corruption in India: Here are a few critical issues in establishing the Lokpal and Lokayuktas Even as Anna's movement against corruption gathers more and more steam, we need to put things in proper perspective and understand what measures are needed to tackle this multi-faceted phenomenon... ............................................................................................................................................... If government employees of the lower cadre do not come under the Lokpal Bill, corruption will continue. Here's a case in point discovered through the RTI Act The Pune Municipal Corporation, in gross violation of the BPMC Act under which it functions, was unabashedly giving generous donations to social organisations from taxpayers' money until RTI activists discovered the financial irregularities and put a stop to this economic crime. In such cases, the government's Lokpal Bill has no provisions to punish the guilty whereas the Jan Lokpal Bill has. Here's how... ............................................................................................................................................... Proxy advice: Check on misgovernance India needs to encourage proxy services to check corporate misgovernance, but ensure that conflict, regulation and compensation issues are addressed right now, while it is still a nascent business... ............................................................................................................................................... Daily Market Report: Share prices to move in a range Nifty to move between 4,750 and 4,930... ............................................................................................................................................... Indian Railways' collision avoidance system is a copy of anti-collision device, says Konkan Railway former boss Rajaram Bojji, former managing director of Konkan Railway and inventor of anti-collision device, says stealing has been the norm with the Indian Railway's Research Designs and Standards Organisation... ............................................................................................................................................... Can the marriage of MFIs with banks be a sustainable option out of the microfinance crisis? There is a feeling among bankers that the acquisition of MFIs could strengthen the functioning of these institutions and enable the much-needed funds infusion. But any such takeover would first require an assessment of the portfolio of these MFIs... ............................................................................................................................................... A total of 768 companies had pledged their shares—amounting to a total value of Rs1,536.60 billion—as on June 2011 Pledging shares against debt is a sure recipe for disaster, especially in a falling market. Around 30 companies have actually pledged shares of more than 50% of their paid-up capital. Among the top companies with the highest value of pledged shares were TCS, Adani Power and JP Power—with a pledged value of $4.20 billion, $2.10 billion and $1.20 billion respectively... ............................................................................................................................................... Poor credit history of your spouse could impact you: Experian COO Mohan Jayaraman underlines the need to maintain a good credit history record by settling repayment matters with banks and lenders on time... ............................................................................................................................................... 'Day 2 of my fast at Azad Maidan, with mill workers, film stars, and 'Talent Band 20/20' Peter Theobald describes his experience at the protest in support of a strong anti-corruption law at Mumbai's Azad Maidan ... ............................................................................................................................................... On a morning round at the Ramlila Maidan: It's quite messy here, but a devoted group is working hard to keep it all together It's not been easy for Anna Hazare's troops to manage the buildup at the principal venue of the anti-corruption protest in the national capital. But they've done pretty well... ............................................................................................................................................... Traditional plan: Avoidable Guaranteed returns from Bharti AXA Monthly Income Plan: just 2.5% a year!... ............................................................................................................................................... Thermal power generation: Clearance has been given for 2,00,000MW of additional power, but has the government considered the environmental consequences? There could be severe ramifications due to power generation from coal, considering the sheer scale of the capacity addition; the geographic concentration of the proposed plants; their predominantly private sector ownership and the severe environmental consequences along with implications for resources like coal and water... .............................................................................................................................................. Personal finance today - BNP Paribas MF launches Fixed Term Fund-Series 22 D - ICICI Pru MF unveils three years fixed maturity plan - IndusInd Bank launches IndusMobile–mobile banking service   At a Glance   - Cash-for-votes scam: Amar Singh, six others to be charge-sheeted - No systemic risks from rising NPAs: RBI deputy governor - Bharti paid highest revenue of Rs1,177.48 crore in June quarter: TRAI - Raja wants to examine PM, former FM and telecom minister as witnesses - SBI says no plan to launch teaser loans ON STANDS NOW Corporate Wrap-up   - L&T Construction wins orders worth Rs1,340 crore - Continental plans ramp-up of India operations - MTNL raises Rs500 crore from banks to repay debts   Moneylife Columns     Hero: Not a heroic effort Anil Thakraney 'Hum Mein Hai Hero', the new ad to announce that Hero Honda is now Hero MotoCorp, is predictable and uninteresting...     Implementation safeguards against notorious agents are an imperative for the proposed microfinance bill Ramesh S Arunachalam While macroeconomic changes are essential to iron out the chinks inherent in the industry, a close look is needed to look at the ground realities and the current agent-led decentralised microfinance model...     Face 2 Face   Max Bupa CEO: IRDA should open bancassurance to multiple insurers Damien Marmion believes that while banks choose insurance partners with multi-line products, they should be allowed to tie up with more than one insurer so customers have a choice...     Editor's Pick   The Arab Uprising might help Europe This huge area is dotted with untapped countries and young populations. ...................................................................................................................................................... Why Eurobonds won't work The EU has members with a wide variety of political systems-only a full-fledged political union would make these bonds work. ...................................................................................................................................................... A look at the top employers and the biggest cullers Wal-Mart employs the maximum; Tesco has shed the most number of jobs. ...................................................................................................................................................... Moody's cuts Japanese rating Agency blames debt build-up and shaky political regimes. ...................................................................................................................................................... Gold touches $1,900/oz The metal hit $1,913.50 before closing 3.7% lower on speculation that the Fed would act to stimulate the faltering US economy. ...................................................................................................................................................... Cartoon of the week This is why the US is still grappling for a solution to its debt crisis.   Book Review   Trade off Debashis Basu "Super Trader" is an excellent work for beginners as well as advanced traders.   FROM the ARCHIVES   Understanding the heart and soul of Anna Hazare's movement The snobbery of intellectual writers and insensitivity of the political class comes as a shame at this defining moment in our country's history. Let's show some respect to this mass awakening, so essential for a vibrant democracy and a pro-active citizenry... ...................................................................................................................................................... RBI governor calls on bankers to implement corporate governance as their 'dharma' Dr D Subbarao emphasises difference between corporate governance in general and corporate governance for banks, saying both cannot be motivated by measurable performance indicators only...     To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

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Palash Biswas
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