Fwd: Today's Exclusives - Investment Advisor Regulation III: SROs have never worked in the past; will it work now?

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From: Moneylife <noreply@moneylife.in>
Date: Thu, Sep 29, 2011 at 6:55 PM
Subject: Today's Exclusives - Investment Advisor Regulation III: SROs have never worked in the past; will it work now?
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29 September 2011   Moneylife Exclusive Investment Advisor Regulation III: SROs have never worked in the past; will it work now? Moneylife Digital Team The new (flawed) investment advisor regulation is a non-starter since SEBI is proposing to regulate through the idea of Self Regulatory Organisation. SROs have not worked in the past and may to fail in this case too...     Exclusive Column     Corruption in India is endemic because like charity, corruption begins at home, too Karan Kharb Since we are now teaching our children that they can race to the top by any means that they desire, this 'winner-takes-all' (by any approach) attitude is actually embedding corruption in young minds. But the recent social protests have come as a shot in the arm for the current generation...       Other ML Exclusives   Notwithstanding the Registry, how transparent are clinical trials in India? The shocking details of 1,600 casualties in our country during clinical trials of drugs in just last three years reflect the casual approach of multinational companies as well as the DGHS. Even the mandatory norms for providing information on the website of Clinical Trials Registry are not being followed... .............................................................................................................................................. Daily Market Report: Share prices may strengthen Nifty may go up to the level of 5,100 if today's lows hold... ............................................................................................................................................. Education loan comes with an extended repayment period for students According to the revised model for education loan, the repayment period is now extended up to 15 years depending on the loan amount... .............................................................................................................................................. Regulatory reforms: Cleaning up appointments When were they ever transparent? .............................................................................................................................................. Rising costs, rates to affect domestic car sales during festivals According to CRISIL, rising cost of ownership of cars and strikes are to subdue sales growth in the festive season. Frequent fuel price and interest rate hikes would also impact growth in 2011-12... .............................................................................................................................................. SML Isuzu: Heavy Machine Strong financials and good growth prospects... .............................................................................................................................................. Ten practical steps to eliminate multiple, over and ghost lending at MFIs The idea of thinking that a credit bureau alone could eliminate multiple, over and ghost lending and usher in responsible micro-finance lending seems very naïve. In fact, this could result in the credit bureau becoming a red herring rather than an actual solution. And unless the systemic issues are addressed, responsible micro-finance lending will remain a distant dream... .............................................................................................................................................. Kaun Banega Crorepati? Everyone except you! Web post goes viral about enormous revenues earned by the quiz show through SMS only... .............................................................................................................................................. Personal finance today - SBI Mutual Fund launches SBI Debt Fund Series-18 Months-7 - HDFC Mutual Fund launches HDFC FMP 182D September 2011 (1) - BNP Paribas MF launches Bnp Paribas Fixed Term Fund-Series 22 e - Principal MF launches 367 days fixed maturity plan   ON STANDS NOW At a Glance   - Exporters to get Diwali gift; interest subsidy on the cards - Food inflation inches up to 9.13% for week ended 17th September - Govt readies draft on Urban Regulatory Authority - FMCG companies feeling inflation heat; rule out immediate price hike - Govt likely to allow QFIs to invest in equity markets directly Corporate Wrap-up   - Punj Lloyd wins Rs1,195 crore order from Haldia Refinery - Pipavav ties up with Airbus - Suzlon shareholders okay proposal to raise Rs5,000 crore   Moneylife Columns     Lack of jobs is the real problem now, not falling markets William Gamble Unemployment rates have to drop, only then will aggregate demand go up, which will then boost economies across the globe...     Microfinance: Will seal of excellence and social performance management as yardsticks work? Ramesh S Arunachalam As concepts, a seal of excellence or social performance management will make good yardsticks to monitor Microfinance Institutions, but there will be practical difficulties in measuring these yardsticks and implementing them...       Face 2 Face   Future Generali India Life Insurance: "ULIP charges are squeezed; wonder if any insurer charges less than the maximum allowed" Future Generali believes that the life insurance market is big enough for all the players to compete in newer areas and segments. Deepak Sood, MD & CEO, Future Generali India Life Insurance, says that good claims settlement ratio and quick claims turnaround time are the main drivers of customer satisfaction and retention. Excerpts:..     Editor's Pick   Nasdaq fumbles the ball On a day in which the Nasdaq Composite had to step up to the plate to reassert any semblance of a will to lead this market higher. ...................................................................................................................................................... Amazon Unveils $199 Kindle Fire Tablet The world's largest online retailer Amazon.com, unveiled its Kindle Fire tablet computer, taking aim at Apple Inc's (AAPL) best-selling iPad with a device that's smaller and less than half the price. ...................................................................................................................................................... Germany's Merkel faces biggest test in euro vote German chancellor Angela Merkel faces a battle for her political survival on Thursday when some of her coalition, worried about throwing good money after bad by bailing out Greece, could humiliate her in a parliament vote on euro-zone rescue schemes. ...................................................................................................................................................... Why 50pc tax row misses the point: what about the squeezed middle? New analysis which shows that the United Kingdom has the fourth highest top rate of income tax in the European Union will add to calls for the 50pc band to be scrapped. ...................................................................................................................................................... Democracy in America After 18 months of waiting, Barack Obama's healthcare law will move to the Supreme Court, at last. ...................................................................................................................................................... Cartoon of the week There go his chances.     Book Review   The next convergence: Prosperity code Devarajan Mahadevan What makes some countries keep growing?   FROM the ARCHIVES   Investment Advisor Regulation - II: How SEBI's do-gooding can be easily undermined There is nothing stop an "agent" to pass back money to an "advisor", which makes SEBI's new idea nonsensical. If the agent and advisor sit side-by-side in two desks of the same bank, so much the worse... ...................................................................................................................................................... DP World Ports Vallarpadam Container Terminal: The numbers behind point towards another huge scam By some indications, this is a scam of larger proportions than the Commonwealth Games fiasco. Take a huge unnecessary project, inflate the costs, get your cronies to cover the inflated expenses by bringing in a private player like DP World in this case, and when the project obviously fails, cry wolf, and then get out...     To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

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