Fwd: Today's Exclusives - Yet another railway accident, but the authorities are not bothered—and safety plans are off-track; indigenous, low-cost solutions are ignored

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From: Moneylife <noreply@moneylife.in>
Date: Mon, Aug 1, 2011 at 7:57 PM
Subject: Today's Exclusives - Yet another railway accident, but the authorities are not bothered—and safety plans are off-track; indigenous, low-cost solutions are ignored
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1 August 2011   Moneylife Exclusive Yet another railway accident, but the authorities are not bothered—and safety plans are off-track; indigenous, low-cost solutions are ignored Rajaram Bojji We have not had an accident-free year for a long time now. The Indian Railways gives administrative solutions to technical problems and finds technical reasons to escape the administration's accountability. Local, low-cost solutions already in the possession of the Indian Railways are never used...     Exclusive Column     Making merry with surrogates Anil Thakraney Why is it that the I&B ministry is doing nothing about the many surrogate liquor ads that get aired on prime time television these days?       Other ML Exclusives   The Pavit—yet another attempt to hit Mumbai? The grounding of the Pavit off the coast of Mumbai cannot be, once again, attributed to bad weather and coincidence. It is amply clear that something is afoot, and that our security agencies are absolutely clueless—despite all the big talk—about what is happening right off our jetties and wharfs. Somebody or something is trying to do more than play marbles or video games with dead ships let loose near the city... ............................................................................................................................................... Daily Market Report: Share prices not yet out of the woods Market will remain flat to down until the Nifty closes above 5,590... ............................................................................................................................................... Governing the compensation awarded to bosses of MFIs The senior management of these institutions that claim to be serving the poor, receive unusually high payments which is not determined through an explicit process...   Andhra Pradesh CRZ authority clears Hinduja power project proposal despite encroachment Former power secretary EAS Sarma complains to the environment ministry also against similar clearances to other projects like the Gangavaram Port, an SEZ and a luxury resort... ............................................................................................................................................... Former Sion hospital dean suggests measures for complete overhaul of the Indian medical system Dr Sadanand Nadkarni has a number of suggestions for improving the working of the medical system, and amending current academic practices. He is waiting for the Medical Council of India to act on his proposals... ............................................................................................................................................... A makeover for the takeover code The Securities and Exchange Board of India continues to act in the interest of the business community rather than provide equity for investors... ............................................................................................................................................... Gujarat under the bonnet: Why automakers are racing to Modi-land From nowhere, it seems, this state of traders has realised the importance of manufacturing also, and the auto industry is among the earliest to take advantage. Historically, Gujarat was where trade flowed from, in the Mughal era and before. Today, it seems, Maharashtra's loss will be Gujarat's gain... ............................................................................................................................................... Montier's 7 laws of investing: Leverage kills Borrowing money to buy stocks is the road to ruin... ............................................................................................................................................... 'Overconfidence' effect: There is a tendency among investors to ignore information and pick hot stocks blindly Investors often overestimate the probability of a favourable outcome coming to pass in a given situation. We also put great faith in mathematical models despite major flaws and create models based on past data, which is validated only against that same past data. This can have some strange results... ............................................................................................................................................... Personal finance today - SEBI makes IPO form simpler, more informative - 1.5 lakh post offices to be converted into banks     At a Glance   - PMEAC pegs GDP growth at 8.2% this fiscal, inflation at 6.5% - India's factory output grows slowest in 20 months in July - Govt lifts restrictions on cotton exports - Exports up by 46.4% to $29.21 billion in June - Maruti Suzuki sales tank 25% in July ON STANDS NOW Corporate Wrap-up   - Blue Star Q1 net profit down 74% at Rs10 crore - Mahindra Fin Q1 net profit up 38% on lower NPAs - Idea Cellular Q1 net profit down 12% at Rs177.26 crore - Lupin signs deal with Eli Lilly for anti-diabetic drugs   Moneylife Columns     Water purifiers ineffective in preventing waterborne diseases, revealed through RTI Vinita Deshmukh Dr Arvind Shenoy, senior chemical and consumer product researcher, had a hunch that Hindustan Unilever was making exaggerated claims about its Pureit water purifier. His suspicions were confirmed by the NIV which has threatened to take legal action if the company does not correct the advertising...     Despite efforts to bring about uniformity in accounting globally, financial information remains inconsistent William Gamble International accounting firms try to be accurate. But investors must be acutely aware of who produced them, where they are from, and who they work for. Blind faith in numbers insures only loss...       Face 2 Face   'We plan to make the Wellspring healthcare model work by not being greedy' Dr Gautam Sen and Kaushik Sen, co-founders of Wellspring Healthcare, believe that they can make a difference to the healthcare system through their community centres which aim to offer basic facilities under one roof...     Editor's Pick   US debt deal: Obama, Congress reach compromise There will be no American default... for now. ...................................................................................................................................................... How much will the debt deal help the US economy? A crushing default has been avoided, but the deal brings about only minor relief for the American economy. ...................................................................................................................................................... The Soros exit: A warning for mutual fund investors One of the most successful hedge-fund managers of all time is hanging it up in current market conditions. What does that say for the future of all of the open-ended mutual funds and exchange-traded funds that have "alternative" or hedge-like characteristics? ...................................................................................................................................................... Emerging market banks face credit risks After a two-year credit binge, BRICs are seeing bank risks sour. ...................................................................................................................................................... Insider trading is touching a high According to Argus Research, insiders are selling at a 6.43:1 ratio which is higher than 95% of other weeks. ...................................................................................................................................................... Cartoon of the week This is how they managed the US debt deal.   Book Review   Keep it simple Dolly Mirchandani "The Warren Buffetts Next Door" is a collection of stories of individuals who have done very well in picking stocks.   FROM the ARCHIVES   Moneylife stand on SEBI-NSDL vindicated The scandalous ganging up of some SEBI members to protect CB Bhave and NSDL was reported extensively only in Moneylife and conveniently glossed over by the mainline media. SEBI's decision to release orders from the Mohan Gopal report to NSDL for compliance, just vindicates the stand taken by us... ...................................................................................................................................................... UTV Software Communications sees unusual rise, much before Walt Disney's takeover offer The stock has been rallying by 126% since February 2011, six months before the US entertainment giant announced its plan to buy out the Indian company and subsequently delist it, but the market watchdog has been looking elsewhere...     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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