A lot has been said so far about your rights as a consumer and the steps taken to protect those rights. The power of the consumer is steadily rising. But to exercise that power, we must show some signs of responsibility.
One company did not mail the copy for shareholders at all; a deluxe version was privately circulated among FIIs instead. Another insisted on a print run that was a quarter of the number of shareholders. Reason: "We can always say that it was misplaced in transit".
Shareholders who contribute to equity are putting in risk capital, while a banker who lends money to a company secures it with a lien on some of the company’s assets. Yet it is the bankers who get updates from management.
MONEY TODAY dips into the experience of 26 first-generation businessmen it profiled in these pages in the past one year to shortlist five milestones each aspiring entrepreneur has to cross before claiming success.
Most complaints (almost 20%) that the National Consumer Helpline gets are related to the banking and financial services sector—loans, fixed deposits or credit cards. One of the main reasons for this is that people fail to do their homework before making a financial commitment.
Picking the right mutual fund is becoming more and more complex. A first-time investor in equity mutual funds should not look beyond a handful of categories and then choose which type of fund is suitable.
One trend that clearly emerged through the 26 issues of the magazine is that Indians are getting more prosperous but also more insecure, and almost at the same rate. At the heart of this paradox lies financial illiteracy.