Categories
Author: Raoji
Source: Jana
[gview file=”https://alphaideas.in/wp-content/uploads/2017/01/edelweiss-financial-services.pdf”]
Categories
Chart: Bitcoin beats all asset classes
Categories
Linkfest: January 05,2017
Some stuff I am reading today morning:
The fastest partnership I’ve ever stuck (LinkedIN)
Meanwhile in India, broken promises (FT)
97% of banned notes set to be back in banks (Mint)
HDFC Bank now cuts rates too (BS)
The end of real estate pre-launch sales (Mint)
Discount brokers steal market share (BL)
Direct Mutual Fund Vs Regular Mutual Fund (FreeFincal)
Looking for the next Amazon (Irrelevant Investor)
Platinum Partners: A massive hedge fund fraud (Bloomberg)
12 “Experts” predict a financial crisis in 2017 (Zero Hedge)
Categories
Book Review: A Feast of Vultures
“In India, everyone has a price”
This is the central premise of the book “A Feast of Vultures-The Hidden Business of Democracy in India” by Josy Joseph
The author proves this point by quoting a variety of examples-
-How stenographer R K Dhawan owns a bungalow in posh Delhi’s Jor Bagh
-How Congress typist Vincent George owns multiple properties
-How Sudhir Choudhrie and Suresh Nanda manipulated defense deals
-How a Army Chief took bribes
-How Naveen Jindal destroyed the environment
-How Mukesh Ambani usurped an orphanage property to build his house and so on.
The most startling revelation in the book is that the author alleges that Jet Airways Boss Naresh Goyal gave a ‘supari’ to the Dawood Ibrahim gang to get rival East West Airlines owner Wahid killed.
Reading this book fills one with despair on how India works-with its middlemen,corruption, ruthless industrialists,rapacious politicians,thieving bureaucrats etc
One flaw in the book is that the author’s leftist,pro-AAP and anti-Modi biases are obvious.Also,the narrative is a bit meandering which could have used a tighter editorial control.