Weekly Digest 01 Nov 09

Contents:

Business

• He became an entrepreneur while at high school
• Wim Elfrink: Global Culture Is Respect For Time Zones

Economy

• India is more prosperous than China - Legatum Prosperity Index
• Second Quarter review of Monetary Policy for the year 2009-10
  

Money & Market

• Inoperative Current / Savings Bank A/c - RBI Clarification 
• Cash flow statement: What it tells you? 

He became an entrepreneur while at high school

Click HERE to read the story of a successful businessman who did not want to do anything in life but be an entrepreneur. 

Wim Elfrink : Global Culture is respect for Time Zones

A five hour flight from India covers 70 percent of world population, says Wim Elfrink, Cisco’s chief globalisation officer. Now, he wants to replicate the company’s India model of decentralisation in other emerging economies. CLICK TO READ FURTHER.

India is more prosperous than China - Legatum Prosperity Index

Is India more prosperous than China? Yes, says the Legatum Prosperity Index. India ranks 45th in the index well ahead of China. CLICK FOR FURTHER READING.

Second Quarter review of Monetary Policy for the year 2009-10

CLICK HERE to read the Second Quarter review of the Monetary Policy for the year 2009-10 - by Dr. D. Subbarao, Governor on 27th Oct 2009.

Inoperative Current / Savings Bank A/c. - RBI clarification

Please refer to Paragraph 24.2 (iv) of our Master circular DBOD. No.Leg. BC. 9 / 09.07.006 / 2009-10  dated July 1,  2009 on 'Customer Service' in terms of which a savings as well as current account should be treated as inoperative / dormant if there are no transactions in the account for a period over two years. Further, in terms of Paragraph 24.2 (vi), for the purpose of classifying an account as inoperative, both the types of transactions i.e., debit as well as credit transactions induced at the instance of customers as well as third party should be considered. CLICK HERE FOR FURTHER READING.

Cash flow statement: What it tells you?

How do you value a company? Any investor wanting to invest his money into a company should find out the real value of a company. But how do you do it? The company's cash flow statement can give you a fair idea of the status of the company and if it is worth your investment or not.CLICK HERE FOR FURTHER READING.


Cheers,
Gopal