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Moneycontrol Pro Weekender | Where are you on India's wealth ladder?

Moneycontrol Pro Weekender | Where are you on India’s wealth ladder?
Moneycontrol
7 hours ago
Dear Reader,
Credit Suisse has for the last decade brought out a Global Wealth Databook, which estimates the total wealth of nations, how it is divided, how many millionaires and billionaires we have and other such data. This year’s edition tells us that the richest 1 percent of Indians own 40.5 percent of the nation’s wealth, the top 5 percent own 61.7 per cent and the top 10 percent have 72.5 percent. Putting it differently, the top 5 percent own more than the other 95 percent combined.
Where do you stand on the rich list? Credit Suisse has helpfully told us what it takes to get on it. It estimates that the minimum wealth for an adult to be part of the richest 1 per cent in India is $150,902. At current rates of around Rs 74.5 to a dollar, that would be around Rs 1.12 crore. Note that this is wealth per adult and not per household. ....

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Kolkata Metro Will Run From Sector Five To Sealdah After Six Months - ছ'মাস পরেই মেট্রোয় সেক্টর-৫ টু শিয়ালদহ | Eisamay

Kolkata Metro Will Run From Sector Five To Sealdah After Six Months - ছ'মাস পরেই মেট্রোয় সেক্টর-৫ টু শিয়ালদহ | Eisamay
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Moneycontrol Pro Weekender | Ricardo, Marx, Keynes and stocks

Apart from being renowned personalities, what is common among Ricardo, Marx and Keynes? They made a fortune by investing in stocks ....

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Moneycontrol Pro Weekender | Markets want more

Moneycontrol Pro Weekender | Markets want more
Dear Reader,
Fed chairman Jerome Powell hardly said anything new in his interaction with the Wall Street Journal, but that didn’t stop the US markets from selling off and others promptly followed suit.
Sure, the talk is all about resurgent inflation leading to higher bond yields. But isn’t this rise in bond yields supposed to be a good thing, because it’s the result of higher growth? And higher growth is precisely what the Global Composite PMI for February shows, with the recovery being the strongest in the US, followed by India. The PMI for India confirmed that a cyclical recovery is under way, a fact borne out by our own recovery tracker. The RBI’s report on the state of the economy too was very bullish. Add to that the fiscal and monetary stimulus and the vaccination drive and growth can only get better. And just in case you were wondering why the government isn’t juicing the economy even more by allowing the ....

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Moneycontrol Pro Weekender | The Reflation Trade

Moneycontrol Pro Weekender | The reflation trade
Inflation undercurrents remain globally, but in India, the premium is on growth
(Image: Shuttershock)
Dear Reader,
What markets dread most is the return of inflation. It’s easy to see why if inflation rises, central banks may be forced to raise rates and that could be the end of the bull run in equities. No wonder then that the few bears that have survived the bull charge are pinning their thinning hopes on inflation. Societe Generale’s resident perma bear Albert Edwards tweeted, “The Fed should start tapering right now as the FAO reports food prices continue to surge in January.” ....

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