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August 6, 2009
 

This is why India will NEVER become a superpower!

On 20 July, ‘The Wall Street Journal’, which has a content sharing partnership with ‘Mint’, revealed that the US Internal Revenue Service (IRS) had stepped up scrutiny of offshore accounts and foreign income. The newspaper expects this scrutiny to cover several tens of thousands of taxpayers.

This is in addition to moves made by the US government to pressure Swiss bank UBS AG to release the names of 52,000 American account holders in order to catch tax evaders.

Compare this with India’s moves to catch tax evaders. Telgi’s diverted funds from the stamp paper scam remain unearthed. Hasan Ali’s assets remain unattached. And there is no sign of any pressure being applied on Swiss banks and tax havens with secrecy laws to reveal names of Indian investors.

via livemint.com

Pick on the small man... go for it India!

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Filed under  //   economy   india   politics   tax  

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February 10, 2009
 

The secret behind Warren Buffett’s optimism

It depicts the relationship between the total market value of US stocks and the country's GNP (gross national product) over a period of time, starting from as back as 1924. What is so special about the chart you would say? Well, in late January it reached a point, which according to Warren Buffett, one of the most successful investors walking the planet today, signals a very good time to buy stocks.

Buffett believes that if the percentage relationship between market value of US stocks and its GNP falls between 70% and 80%, then buying stocks is likely to work out very well for investors. In late January, the percentage had touched the 75% mark, thus pointing towards high odds of attractive returns in stock market based on Buffett's metric.

Time to buy?

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Filed under  //   buffet   economy  

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