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A C Muthiah of SPIC fired
PC's first cousin and BC's patron Mr. A.C Muthiah today fired from his post as Honorary Consul by the King of Belgium for financial fraud
— Subramanian Swamy (@Swamy39) August 10, 2013
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Linkfest:Aug 12, 2013
Some stuff that I am reading today morning:
How shares in listed firms are used to convert black money into white (ET)
Ego war costs Yes Bank promoters 2000 Crores (Mint)
The lies of India (Mediacrooks)
Memo to the passive investing Taliban (TRB)
This Ironman market is still lacking respect (NYTimes)
Emerging market is very cheap (WallStreetRant)
Successful market timing is an urban legend (Servo)
Godfather advice to Ackman (JeffMatthews)
On the value of not knowing (Ritholtz)
The claptrap behind the minimum wage debate (BillBonner)
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Boss,I am a Crorepati
This post is in continuation of my This is India ! series (see here)
Here is a real life exchange
Friend:How much is the fare?
Auto Rickshaw Driver:50 Rs
Friend:What !This is hardly any distance.Take 20 Rs
Auto Rickshaw Driver:No
Friend:Ok-take 30 Rs
Auto Rickshaw Driver:Boss, I am a Crorepati.Have sold my land and got Crores from the Govt.I am driving this auto for timepass.If you want, I will drop you for free !
Apparently,lots of auto drivers in Navi Mumbai were local villagers who got Crores in compensation when their land was acquired.