More in Finance


10 months

Calling A Spade A Spade Part 1: The Greatest Trick Inflation Ever Pulled

I’ve always been a fan of a good mystery, which perhaps explains my fascination with today’s inflationary environment (so much so that I’ve dedicated my first two posts to the subject). It strikes me as odd, that – just sticking with the Federal Reserve (Fed) for simplicity’s sake – $4 trillion of newly minted reserves just up and vanished without leaving a monetary trace, like Keyser Soze in The Usual Suspects.  How can there possibly be (virtually) no inflation as today’s leading experts would have us believe? What if, like all good mysteries, the answer to ours is hiding in plain sight, and “the greatest trick [inflation] ever pulled was convincing the world [it] did not exist”?

10 months

Taxes on Property Purchase – And How to Save On Them

If you are looking to buy a property or have already invested in one, you will know that there are tax implications involved. Let's first examine the tax on property purchase and then elaborate on how one can save on it via tax exemptions and deductions.

10 months

Catching The Drippings Of A Melting Market

If one is to believe what he or she reads in the financial press, then one thing seems certain: the markets are about to melt!  The problem is, that depending on the day, the source, and perhaps even the lunar cycle, it’s not clear whether the markets are about to melt up or melt down.

10 months

Interpreting The Market’s Monet

Investing is often referred to as an art form. Models, charts, and regressions can only get you so far. We are constantly pummelled with an endless stream of data, some of which is important information and some of which is worthless noise. Drawing order out of this chaos requires one to engage with his/her uniquely human element, one’s creative capacity. How well one can paint a picture with the incoming data will likely determine his/her success. Are we getting some of those important data points now? Given the recent moves across a series of markets, it sure seems like it.

10 months

The Bursting Of The Volatility Bubble: Part 2

The following is Part 2 in a two part series.

10 months

The Bursting Of The Volatility Bubble: Part 1

If there were a Word of the Year award in finance it most certainly would go to volatility. It seems like nearly every article you read makes some reference to it. Is volatility gone for good or is it just in hibernation? Did central bankers forever squash volatility, repress volatility for some time, transform volatility? Did structural changes in the macroeconomic landscape create a “new normal” with respect to volatility? Is volatility building beneath the surface of the markets planning its vengeful return? Is volatility volatile? Volatility, volatility, volatility! With all this discussion of volatility, one thing seems certain: there’s a bubble in volatility, as in the word itself.

10 months

New Blow - GST on RTM Projects Without Completion Certificate

The applicability of GST in the Indian taxation system was a move aimed towards 'one nation, one tax'. Post land abetment, the applicable GST for under-construction properties was 12% while ready-to-move-in flats were kept out of the GST ambit. Even for under-construction properties, there was a ruling of Input Tax Credit (ITC) pass-over to the buyer to ensure that it becomes a tax neutral proposition.