Fwd: Today's Exclusives - Investment Advisor Regulation - II: How SEBI's do-gooding can be easily undermined

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From: Moneylife <noreply@moneylife.in>
Date: Wed, Sep 28, 2011 at 6:08 PM
Subject: Today's Exclusives - Investment Advisor Regulation - II: How SEBI's do-gooding can be easily undermined
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28 September 2011   Moneylife Exclusive Investment Advisor Regulation - II: How SEBI's do-gooding can be easily undermined Moneylife Digital Team There is nothing to stop an "agent" from passing back money to an "advisor", which makes SEBI's new idea nonsensical. If the agent and advisor sit side-by-side in two desks of the same bank, so much the worse...     Exclusive Column     Lack of jobs is the real problem now, not falling markets William Gamble Unemployment rates have to drop, only then will aggregate demand go up, which will then boost economies across the globe...       Other ML Exclusives   Facing mounting debt, Mallya scraps Kingfisher Airlines' low-cost operations Kingfisher Red gets the boot, Vijay Mallya says that the debt-plagued airline was exiting its low-cost operations because of "intense competition" and insists that the carrier has "several initiatives" in its kitty... .............................................................................................................................................. Daily Market Report: Share prices may continue to remain flat Nifty to move in the range of 5,010 and 4,880... ............................................................................................................................................. IRDA portability guidelines' definition of 'mediclaim policy break-in' changes the entire game IRDA has taken a huge step forward for the insured with its clear-cut definition of a 'policy break-in'. The insured have tremendous opportunity to request insurers to consider policy continuity even if it was considered as a break-in as per a mediclaim policy's terms of agreement... .............................................................................................................................................. DP World Ports Vallarpadam Container Terminal: The numbers behind point towards another huge scam By some indications, this is a scam of larger proportions than the Commonwealth Games fiasco. Take a huge unnecessary project, inflate the costs, get your cronies to cover the inflated expenses by bringing in a private player like DP World in this case, and when the project obviously fails, cry wolf, and then get out... .............................................................................................................................................. Indians as guinea pigs: Clinical trials killed 1,600 people in the past two years; only 22 compensated for fatalities It took five months for the Directorate General of Health Services (DGHS) to reply to Hisar-based RTI activist Ramesh Verma to tell him the gory truth about how multinational pharmaceutical companies play with the lives of Indians during clinical trials and almost never bother to pay compensation... .............................................................................................................................................. Microfinance industry must speak in a collective voice in PIL before Madras HC MFIs, banks, SIDBI and respective industry associations must be given a fair chance to implead themselves into the Public Interest Litigation filed at the Madurai Bench of the Madras High Court... .............................................................................................................................................. IRCTC fails to refund amount of eight-month-old failed transaction A Mangalore resident's ticket-booking transaction was denied, though the amount was credited to IRCTC; despite repeated attempts, the issue is lying unresolved since the past eight months... .............................................................................................................................................. Price hike of 10%-15% seen in select pulses like yellow peas, 'tur dal' and lentils Drop in 'kharif' production and depreciation of the rupee in the currency market has led to price rise, though 'rabi' crop estimates and the Centre's contingency plan are expected to plug the demand-supply gap and stem the hike... .............................................................................................................................................. Personal finance today - Mahindra Finance enters reinsurance broking business - IIFL Mutual Fund launches IIFL Nifty ETF - RBI to release new series of coins   ON STANDS NOW At a Glance   - BP pushes for early govt nod on D6 satellite field development - High Court upholds validity of Singur Land Act - Rich must be prepared to be taxed more: Home minister - BSE commences first phase of LEIP - Set time-frame for preparing mediclaim guidelines: HC to IRDA Corporate Wrap-up   - Vivimed Labs raises Rs127 crore from private equity investors - Net4India partners with Finland-based Smartphone Solutions   Moneylife Columns     Microfinance: Will seal of excellence and social performance management as yardsticks work? Ramesh S Arunachalam As concepts, a seal of excellence or social performance management will make good yardsticks to monitor Microfinance Institutions, but there will be practical difficulties in measuring these yardsticks and implementing them...     Why is the government of Maharashtra reluctant to address the Mumbai airport transport issue? Sudhir Badami Why is Mumbai lagging behind in providing an effective bus service to and from the airport, when Bengaluru, Delhi and Hyderabad have all got such services? Is it possible that such a bus service could expose the futility of building a metro rail or monorail?     Face 2 Face   Future Generali India Life Insurance: "ULIP charges are squeezed; wonder if any insurer charges less than the maximum allowed" Future Generali believes that the life insurance market is big enough for all the players to compete in newer areas and segments. Deepak Sood, MD & CEO, Future Generali India Life Insurance, says that good claims settlement ratio and quick claims turnaround time are the main drivers of customer satisfaction and retention. Excerpts:..     Editor's Pick   Will October shatter gold's rally? Bullion is down 10% for this month, and October has traditionally been a cruel month for the yellow metal. ...................................................................................................................................................... Google to invest $200 million in Asian data-centres Hong Kong, Singapore and Taiwan are where the search giant plans to set up these centres. ...................................................................................................................................................... Merkel faces internal dissent over bailout Her own coalition might not support a fund for rescuing the euro-zone. ...................................................................................................................................................... What does the iPhone5 have in store? Here's an insider take. ...................................................................................................................................................... Another doomsday prediction for the euro With some more British flak for the Germans. ...................................................................................................................................................... Cartoon of the week There go his chances.     Book Review   The next convergence: Prosperity code Devarajan Mahadevan What makes some countries keep growing?   FROM the ARCHIVES   Investment Advisor Regulation I: SEBI's ideas are, as usual, far from reality; may increase mis-selling! If SEBI's new norms on investment advisors come into force, mutual fund sales will decline even further and mis-selling of insurance products will increase!... ...................................................................................................................................................... Politics of noise or how norms are drowned in the cacophony Making noise is a political statement just as speeding in a sports utility vehicle with number plates in local script. It is the "dare-you-stop-me" challenge which has to be countered by sticking to the rule book. People must not take this issue lying down. They must approach the environment secretaries in the respective state governments and also the secretary in the Ministry of Environment and Forests...     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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