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Showing posts from October, 2008

Weak people continue to smoke

So after the government of India's ban of smoking in public places - and its just backing of the Supreme Court - it remains to been how successful this ban really is. As much in favour of this ban as I am, I must admit that it is an incomplete one. Sale of gutka, tobacco and pan masala is on and these packets are openly available at road side stalls. Atleast cigarettes do not deface the city like the way paan, tobacco, gutka and pan masala consumers deface the city with stains caused by spitting the remains. 
Meanwhile, the ban on smoking has little effect. In the absence of strong policing about this - policing here is most required rather than wasting time in such things like moral policing - smokers continue to puff away. My own office colleagues continue to smoke in building corridors as if nothing has changed. What's more shameful is that they make lame excuses that why couldn't the government ban prostitution rather than smoking or that they are smoking in between …

Invest in Benchmark's Nifty BeES

Buying an index at these levels offers a great opportunity to make good, long-term gains
The turmoil in the US equity markets has had a devastating effect globally and also the Indian equity markets. Sensex has dropped nearly 40 per cent from its highest closing on 8 January. Ideally, when there’s mayhem and bloodshed everywhere and equity prices are dropping, it’s a good opportunity to buy equities at cheaper levels. And what better way to enter the equity markets – if you haven’t already or were waiting for the right time buy – than buying the index itself? Take a look Benchmark Nifty BeES. About the fundNifty BeES is an exchange-traded fund (ETF) that passively tracks the Nifty index. Like an index fund, ETFs invest their entire corpuses – save a small percentage that it keeps aside as cash – in all the stocks and in exactly the same proportion as they lie in their benchmark indices. Launched in December 2001, Nifty BeES was India’s first exchange-traded fund and comes from a fund h…