Image Source: Stephen Burns
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What the valuations are telling you
Image Source: Stephen Burns
Image Source: Stephen Burns
Amusing and shocking excerpts from Zenotech Labs filings.
From the Annual Report 2015-16
From the Q1 FY2017-18 Filings
Some stuff I am reading today morning:
NHAI IPO on the cards (Mint)
Tez: Google’s new mobile payments App (ET)
Jaypee Infra home buyers in a fix (FE)
The fraud at Ricoh India (Quint)
Boards must open up to investors (IIAS Advisory)
The most over priced asset in the world? (Macro Tourist)
Is blogging income really passive income? (RetireBy40)
The Optimist & the Pilot (Market Fox)
What happens when you data mine 2M Quant strategies (AA)
Tech stocks as career obsolescence insurance (TRB)
“Not just an Accountant” is the Memoirs of Vinod Rai, who as Comptroller & Auditor General of India shocked the country with the expose of mammoth scams in the Govt.
Just as T N Seshan changed the profile of the Election Commisioner’s Office, similarly Vinod Rai changed the profile of what was considered to be a low profile Audit office.
The early chapters of the Book cover his career when he was an IAS officer belonging to the Kerala state cadre.
He narrates some of the challenges he faced there…the diversity of the challenges makes me aware of the tough conflicts IAS officers face while performing their duties.
The later chapters cover the role of the office of CAG and goes into depth of the five key scams unearthed there:
The book is written in a very easy to read manner and the integrity and professionalism of the author leaps from every page.
However it is also a depressing read as one realizes the extent to which our tax money is stolen and frittered by the powers that be.
Do buy this book if interested in knowing how Govt of India functions.