Monthly Archives: June 2014

The Future is Here

Madrasapattinam: Jan 1, 2075 Dear Great Grandpa The world today is dramatically different from the world you lived in or even the world I grew up. My grandma, your daughter, used to cook great dosas. Today cooking is for the uber-rich. … Continue reading

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Open letter to chief minister

First published in the Industrial Economist in Jan 2012 Chennai: 28 December 2011 Dear Chief Minister: I MUST COMPLIMENT you, albeit belatedly, at your coming to power with a massive mandate. For  you, this is both an opportunity and a danger. … Continue reading

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Duration and Interest Rate Risk

V Pattabhi Ram  When you buy a bond you are subject to interest rate risk. Interest rate risk is the risk associated with changes in market interest rates (a k a current yield) after the bond has been issued. For … Continue reading

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The Flat tax

Racy Cases 41 By V Pattabhi Ram and A V Vedpuriswar The B-School had invited a star tax practitioner to talk to the Class of 2006 on the basics of taxation.  It was an opportunity which the CA grabbed with … Continue reading

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Qayamat se qayamat thak

RACY CASES –39 V Pattabhi Ram and Vivek Kaul Wafers had a problem with her Accounting Standards. She decided to surf the net to find a solution. And lo, she ran into the arresting story of Charles Ponzi. The dapper … Continue reading

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