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Anecdotes

Plight of Indian Mutual Fund Distributor

Me:So business is down?

He:Very down

Me:So how do you spend your time?

He:Go to office in the morning.First I have tea and then I read the newspaper

Me:Then?

He:Return home for lunch.After some rest, back to the office

Me:Then?

He:Now I read the newspaper first and then I have tea !!

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Anecdotes

How Nehru treated Sardar Patel’s daughter

These anecdotes are from Verghese Kurien’s memoirs I Too Had A Dream

Maniben Patel,Sardar Patel’s daughter, was a woman of tremendous honesty and loyalty.She told me that when Sardar Patel passed way, she picked up a book and a bag that belonged to him and went to meet Jawaharlal Nehru in Delhi.She handed them to Nehru, telling him that her father had instructed her that when she died she should give these items to Nehru and no one else.The bag contained Rs 35 Lakh that belonged to the Congress Party and the book was the party’s book of accounts.Nehru took them and thanked her.Maniben waited expectantly, hoping he would say something more,but he did not, so she got up and left.

I asked her what she had expected Nehru to say to her. ‘I thought he might ask me how I would manage now, or atleast ask if there was anything he could do to help me.But he never asked.’ she explained.She was extremely disheartened and in a way the incident revealed the strain in the Nehru-Sardar Patel relationship.It was quite distressing to see that neither Nehru nor any of the other national leaders of the Congress ever bothered to find out what happened to Maniben after her father died.”

“After all the sacrifices that Sardar Patel made for the nation, it was very sad that the nation did nothing for his daughter.In her later years,when her eyesight weakened,she would walk unaided down the streets of Ahmedabad,often stumble and fall until some passerby helped her up.When she was dying, the Chief Minister of Gujarat, Chimanbhai Patel,came to her bedside with a photographer.He stood behind her bed and instructed him to take a picture.The photograph was published in  all the newspapers the next day.With a little effort,they could so easily have made her last years  comfortable”

 

What an amazing contrast in fortunes of Nehru’s family and Sardar Patel’s family !!!

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Anecdotes Realty

What does India mean for foreign realty investors?

Michael Hollande, Member RICS, South Asia Board, believes most foreign investors are apprehensive about investing in Indian realty due to lack of governance and accountability in the sector. “When I asked my Austrailian friends whether they would park money in Indian real estate, they had only one thing to say. INDIA means I will never do it again,” he said.-from Firstpost
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Anecdotes

Modi & India Inc

Some months ago, a Kolkata businessman went to meet Modi with a donation of Rs 3 crore, to be paid by cheque. As he was leaving, Modi said: “If you are giving it as a donation, then it is fine. But if you think this is an investment, then please don’t give.” Clearly, he calls the shots now.-from BS

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Anecdotes

Why a trader got fired

Hat Tip Naresh Nambisan