By Prof R.Vaidyanathan on 24th April 2017 The western world view has dominated for the last 200 or so years and hence their idea of “modern man’ is accepted as the “idea”. It is supposed to transcend territories and cultures. It assumes that “one size” fits all and enunciates “one model” works for all. In […]

By Prof R.Vaidyanathan on 17th April 2017 The mobile phone is now being used for small-time financial activities, such as information on prices, billing settlements, etc. We have service providers like Air Tel/Jio providing internet based TV channels which will provide competition to Dish TV /Tata sky etc .Over period of time satellite based TV […]

 By Prof R. Vaidyanathan on 05th April 2017 Now the clamor is for big; bigger and biggest. Particularly in the banking sector. After the merger of subsidiaries with SBI there is a talk of merging other banks. The chief of Kotak opines that five banks will only remain in future. This craze for big banks […]

The idea of Europe or “Project Europe” as it used to be called had its origins in the post second world war situation when some countries felt need for peace and deeper cooperation. French Foreign Minister Robert Schuman presented a plan for deeper cooperation in 1950. This was essentially for control of Steel and Coal […]

By Prof R.Vaidyanathan on 06 March 2017 Many may recollect that Bengal province used to be leading in many industries in the fifties and sixties. It was known for Chemicals/Pharmaceuticals/engineering industries. It had huge Salt Gholas in and around Kolkata and Howrah. The first computer was installed at Indian Statistical Institute at BT road. It […]

Throughout the seventies and eighties it was globalization [The G word] of manufacturing facilities that is Product Markets. The anecdotal evidence often told in many a business school classrooms used to be like this. The doors of the Ford car are made in Barcelona and the seat cushions near Budapest and gearbox in the suburbs […]

I wrote in 2013 about “Europe Going Down” [https://rvaidya2000.com/2013/03/04/as-europe-goes-down-we-need-to-be-prepared-for-consequences/] Quote “The European economic and social crisis is becoming worse with each passing day. One business channel asked me in 2008 how long it might take to recover and I responded saying 40 quarters — they never came back to interview. But now I forecast it […]

 IIMB professor R. Vaidyanathan who favoured the idea of doing away with thenow-demonetised high-denomination notes says there is more to be done http://www.thehindu.com/todays-paper/tp-national/%E2%80%98Success-of-Centre%E2%80%99s-move-depends-on-how-many-notes-return-to-the-banks%E2%80%99/article16294046.ece   Years after he batted for the idea of doing away with the now-demonetised high-denomination notes, R. Vaidyanathan, professor of Finance and Control at the Indian Institute of Management Bangalore, says there […]

Finance Minister of India Arun Jaitley declared that “No estimation of black money either before or after Nov 8” http://indianexpress.com/article/business/economy/black-money-demonetisation-income-tax-department-arun-jaitley-finance-ministry-4430281/   Being a lawyer and in the new Avatar of FM has its own pitfalls. He does not seem to have knowledge of history of work done by his own department. Report of the Committee, […]

Reblogged from: http://taxheal.com/gold-jewellery-holding-limit-as-per-income-tax-act.html Instruction : No. 1916, dated 11-5-1994 Guidelines for seizure of jewellery and ornaments in course of search  Instances of seizure of jewellery of small quantity in course of operations under section 132 have come to the notice of the Board. The question of a common approach to situations where search parties come […]