Some stuff I am reading today morning:
How ICICI Bank screwed its customers (Wire)
SEBI raps Axis Bank (MC)
‘Pay up or we go to NCLT’ (Mint)
2018 could be a wake up call for Indian investors (ET)
Interest rates on small savings schemes slashed (FE)
Govt plans to borrow extra 50,000 Cr in Jan-March (ET)
My learnings from 2017 (Amit Jeswani)
Using managed futures (Mark Zepczynski)
Crypto: The next tenure track (Hacker Noon)
3 Things that will never change in wealth management (TRB)
Source: Outlook Business
How many of train travellers in Mumbai get their shoes shined at the railway station before going to office?
The shoeshine boy squats on barely two square feet of real estate.
He doesn’t “own” it, but rents it.
Often, the rent is between Rs 100 to Rs 200 a day.
Assuming 300 working days, it could be at a minimum Rs 30,000 for two square feet per year.
The rental yield is usually low (around 5 per cent), but even assuming 10 per cent, that translates into capital value of Rs 3 lakh, or Rs 1.5 lakh per square foot.
This price exceeds even the most expensive neighbourhoods of Mumbai, including Pedder Road or Nepean Sea Road.
The strange fact is that the shoeshine boy occupies very expensive real estate even though he is close to the (income) poverty line.
–wrote Ajit Ranade
Some stuff I am reading today morning:
Sliding GST earnings may put pressure on Govt (Mint)
RCom’s debt reduction plan (Quint)
Interview with Raamdeo Agrawal (ET)
How fund managers fared in 2017 (BL)
Nifty target of 20,00 by…. (Vijay Pahwa)
In the world of ‘Yo Yo Funds’ (MF Critic)
‘Weird’ Economics explained (Ajit Ranade)
Who destroyed D S Kulkarni Developers ? (Ravi)
50 Phrases to run from (TRB)
David Rockefeller and the largest art auction of all time (VF)