Fwd: Today's Exclusives - There are limits to what a strong anti-corruption law can do. We should reward whistle blowers and advertise the names of the corrupt

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From: Moneylife <noreply@moneylife.in>
Date: Mon, Aug 22, 2011 at 6:59 PM
Subject: Today's Exclusives - There are limits to what a strong anti-corruption law can do. We should reward whistle blowers and advertise the names of the corrupt
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22 August 2011   Moneylife Exclusive There are limits to what a strong anti-corruption law can do. We should reward whistle blowers and advertise the names of the corrupt William Gamble Economic incentives of agents who run the institution are to enrich themselves and they will either corrupt or prevent other members of the institution who might have the task of stopping the theft. But if corruption is exposed and the disincentives are high, then corruption would cease...     Exclusive Column     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...       Other ML Exclusives   Another piracy attack on Fairchem Bogey; the threat to national security and economic growth just gets bigger 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... ............................................................................................................................................... Banking study finds rising NPAs in a generally safe product like home loans A study by FICCI, IBA and BCG highlights that the banking industry is growing in the right direction, but it lags behind global benchmarks in areas like staff deployment and that there is a need for a major overhaul of debt management... ............................................................................................................................................... Team Anna must not ignore suggestions by other groups and citizens Some citizens are disturbed that Team Anna will not listen to other viewpoints on a strong anti-corruption law. There is also concern about who a powerful Lokpal will be accountable to... ............................................................................................................................................... Daily Market Report: Weak rally likely Nifty may move up to 5,000 if today's low holds... ............................................................................................................................................... The unnecessary controversy over Anna Hazare's spotless army record RTI activist Subhas Agrawal is surprised that details of his query about Anna's service with the army was sought to be misused by a ruling party spokesperson... ............................................................................................................................................... Cover shorts in further dips as the bears near short-term exhaustion The bears are in control, but they may find it uneconomical to sell further at lower levels, as a result of which we could see the selling pressure ebb... .............................................................................................................................................. The upwardly mobile rural poor must be represented in Anna Hazare's movement too The movement against corruption deserves a lot more support than it is getting so far. Because, the truth is that the target for other countries to "control" India will be the wealth of agricultural production and potential thereof which rests in the hands of the upwardly mobile rural poor. Who seem to be terribly unrepresented in the movement so far... ............................................................................................................................................... Real estate sales slip by over 30% in Mumbai; still major developers refuse to budge on prices Troubled by higher cost of funds and increased construction and labour costs, developers are still hoping for higher prices... ............................................................................................................................................... Education loans: More for business, not students There is lots of capital for the education business but student loans are elusive... ............................................................................................................................................... ULIP: Expensive option Future Generali Bima Advantage costs a packet for enhanced cover... ............................................................................................................................................... Personal finance today - ICICI Pru MF floats Multiple Yield Fund-Plan D - Reliance MF unveils Fixed Horizon Fund-XX-Series 4 - Religare Finvest to raise Rs800 crore via bonds next month     At a Glance   - Gold imports may cross 1,000-tonne mark this year: Analysts - DoT asks TRAI to review spectrum management recommendations - Jaya voices objections on GST Bill to PM - RBI likely to go for another rate hike in September, say experts - BPOs to grow by 17.9% in Asia, Asia-Pacific in 2011: Gartner ON STANDS NOW Corporate Wrap-up   - Elder Pharma to launch 12 products by March-end - Honda expects to roll out vehicles from Rajasthan unit in 2-3 years - SAIL to invest Rs10,264 crore to develop raw material mines   Moneylife Columns     RTI query on series of lift accidents triggers campaign for safety Vinita Deshmukh Mohammed Afzal used the Right to Information Act to get information on the appalling state of inspection of lifts, following a series of serious accidents recently. He also managed to get legal intervention to upgrade regular inspections...     Bad medicine: Loose monetary policies are flooding markets with easy money, and fuelling a speculative orgy William Gamble Governments across the world have initiated actions that have allowed markets to ignore many of their basic problems. More money is not the answer—it is making underlying problems worse...     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   Fed's secret bailouts: $1.20 trillion of public money Morgan Stanley got $107.30 billion, Citigroup took $99.50 billion and Bank of America $91.40 billion. ...................................................................................................................................................... They are handing out pink slips at Wall Street Credit Suisse, HSBC, Barclays PLC, Goldman Sachs, Bank of New York Mellon and Bank of America are all planning major layoffs. ...................................................................................................................................................... Germany nixes common euro-zone bonds German Chancellor Angela Merkel says "she won't let financial markets dictate policy." ...................................................................................................................................................... The market will remain bearish There might be a few sharp rallies, but the bear market will continue, says this report. ...................................................................................................................................................... Apple is working on its iPad3 According to this report, the tech giant is in touch with commodity suppliers for its next-generation smart-phone. ...................................................................................................................................................... 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   Here's how you can time your equity investments, after the market crash At this juncture, the markets are poised on a tightrope. Here are three possible future scenarios—and the probable outcomes... ...................................................................................................................................................... SEBI lets Stewart & Mackertich off the hook in DSQ Software case through a consent order SEBI's consent orders are seen as a quick escape mechanism for anyone who is caught violating market regulations and the amount paid would depend on the skills of the lawyer who negotiates the settlement...     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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