Fwd: Today's Exclusives - How the T+2 rolling settlement in the equity market is subverted to benefit intermediaries

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From: Moneylife <noreply@moneylife.in>
Date: Mon, May 2, 2011 at 7:30 PM
Subject: Today's Exclusives - How the T+2 rolling settlement in the equity market is subverted to benefit intermediaries
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2 May 2011   Moneylife Exclusive How the T+2 rolling settlement in the equity market is subverted to benefit intermediaries Moneylife Digital Team Under the system introduced eight years ago to protect investors, investors still bear the risk of non-payment and non-delivery of shares due to inefficiency of stock exchanges and intermediaries. It is time SEBI penalises those who have benefited from this and compensate investors who have suffered silently...     Exclusive Column     Rotomac pens: Advertising riot! Anil Thakraney The riot of a commercial ends in a whimper. It's never a good idea to leave the viewers on a low...       Other ML Exclusives   Indian tax authorities receive international assistance in tracking the trade in stolen luxury cars Lately, insurers and other agencies have been fitting the cars with transponders, as well as bugging devices, which work globally on mobile phone or satellite phone technology, which gives them a fairly good idea of where the cars are going. It seems that some of this information is being made available to the authorities here... ................................................................................................................................................ Private airlines may do well this summer on Air India's woes All airlines are facing cost pressures due to a rise in ATF prices. But with fares recovering and Air India pilots on strike, the summer may prove to be better than expected for private airlines... ................................................................................................................................................ Daily Market Report: Will share prices fall for a seventh day in a row? A move above Monday's high may signal a change in trend. Or else... ................................................................................................................................................ Futile Central Registry Rules impose a heavy burden on banks The SARFARESI Act does not fulfill the purpose of registration of security interests. For, the Central Registry does not guarantee reliability. Therefore, the law as it stands is a futile and very costly exercise... ................................................................................................................................................ Whatever may happen to the IPO investor, legal firms make money anyway Legal e-mag reports how much law firms made from IPO, QIP rush last year. Amarchand & Mangaldas, Luthra, Crawford Bayley top the list... ................................................................................................................................................ Why are our income-tax and foreign exchange management laws riddled with so many incongruities? Right from the definition of a 'senior citizen' for tax evaluation to the definition of a 'Non-Resident Indian', our tax and forex laws are full of inconsistencies and discrepancies. It is high time the government removed these lacunae ... ................................................................................................................................................ The emerging market myth and why there is still hope for Russia Russia like China, India and Brazil has had enormous problems escaping the heavy hand of a command economy. But the political establishment that has run companies and ministries as personal fiefdoms, handing out patronage and ignoring corruption, may be changing due to the power of the electorate that's looking for an alternative... ................................................................................................................................................ Google : Plug and play Google's influence is greater than that of Microsoft, Coke or Walmart—it is the most valuable global brand... ................................................................................................................................................ Personal finance today DSP BlackRock Mutual Fund floats 12 months fixed maturity plan SBI Mutual Fund launches 90 days debt fund series Sanghvi Forging IPO opens on 4th May Royal Sundaram's premium collection rose 21% to Rs115 crore in March General insurers' premium collection increases on high auto sales   At a Glance   - DGCA asks airlines not to charge exorbitant fares - Six core sectors grow by 7.4% in March - Factory output for April marginally up to 58: HSBC PMI - Cairn-Vedanta GoM meet postponed - FIIs pump $1.61 billion into Indian equities in April - SC seeks report on action taken on "cash-for-vote" scam     Corporate Wrap-up   - Bajaj Auto motorcycle sales up 17% in April - Tata Motors sales up 13%, Nano crosses 10k mark - Shopper's Stop Q4 net at Rs7.7 crore - Maruti Suzuki sales up 4% in April - Spice Mobility to complete Phase-I of switch by September 2011   Moneylife Columns     VIP: All madness, no method Anil Thakraney The over-the-top craziness of the new ad totally hijacks the product, which is reduced to being a mere prop, instead of being the central character. That's an advertising crime...     Right to Information: Don't take it lightly if you are told that a file is "missing" Vinita Deshmukh In many cases the public information officer might give the excuse that the file cannot be found, simply to dodge your RTI query. Remember, he cannot get away so lightly, for a "missing" document is government property and department officials are answerable for its disappearance...     Face 2 Face   Single-premium ULIPs, highest NAV ULIPs and traditional plans offer less value to customers: Dr P Nandagopal The CEO and MD of IndiaFirst Life feels that savings are not being properly channelled and people are not properly informed and incentivised...   Editor's Pick   Markets cheer Osama's killing The dollar has bounced back, and Asian stock markets are up after the US President confirmed the death of the most wanted terrorist. ...................................................................................................................................................... Silver and gold crash Is this the beginning of the decline? ...................................................................................................................................................... Buffett: Sokol will have no impact The Oracle feels that the Sokol scandal will have no impact on Berkshire, and "it would be impossible" to consider appointing a leader outside his organisation. ...................................................................................................................................................... Why are Tesco and Walmart facing the heat? As supermarkets take on smaller stores, the backlash against them has been steadily growing. ...................................................................................................................................................... China's smoking ban: Will it go up in smoke? More than a million Chinese die each year due to smoking-related complications. The country has banned smoking in public places—but there are no penalties for those who violate the ban. ...................................................................................................................................................... Cartoon of the week When there was a leak in WikiLeaks. ...................................................................................................................................................... Book Review   Kill Bill Devarajan Mahadevan You cannot amuse—or educate—yourself with this compilation...   FROM the ARCHIVES   Equity funds may have suffered large-scale erosion in April April outflows could be around Rs1,500 crore, estimates a fund industry CEO... ...................................................................................................................................................... Distress call: Use multiple channels to free seafarers held hostage by pirates The Indian Navy is doing a great job to provide protection for Indian vessels sailing in hostile waters. But there is much that other agencies, like intelligence agencies and shipping authorities must do deal with the scourge of piracy that is brutalising Indian seamen...   Forthcoming Events   Investor Empower Yourself, in Delhi, for the first time Moneylife Foundation is conducting a day-long seminar in Delhi, to help investors empower themselves. The event will be held on Saturday, 7 May 2011, from 10am to 4pm. Admission is free. Click here for details and registration ...................................................................................................................................................... How to use the Right to Information Act effectively Mr Bhaskar Prabhu, Convenor of the Mahiti Adhikar Manch, will address a workshop on 'How to use the Right to Information Act effectively', on Saturday, 14 May 2011, at the Moneylife Knowledge Centre. This is the second workshop on the RTI issue in a month following the overwhelming response to the first programme on 16th April. Admission is free. To register, please message us at mail@mlfoundation.in or call Dione/Judith on 2444 1058. Click here for more details.     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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