Is SpeakAsia the Ponzi scheme like Madoff ?

There is very famous proverb in Gujarati literature that “The cheaters are never starved wherever the misers dwell”. Nowadays the name of “Speak Asia” has not only become talk of the nation but it is selling like a hot cake. This company has launched very lucrative scheme to fish out innocent investors as it offers Rs. 1000 return every week if they invest Rs. 11,000 for one year.

How Does Speak Asia Ponzi like Scheme Works ?
It is very simple scheme in which even illiterate person can also participate very easily. You have to register your name with the

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RBI for Regime of Free Savings Bank Interest Rate

India’s central bank RBI argues for interest rate deregulation on savings account deposits which currently carries interest rates of 3.5% and has not been changed since March 1, 2003. According to the discussion paper,

it is necessary that all rates move in tandem with the policy rates and the regulated savings rate has adversely affected the transmission of monetary policy. The RBI has not provided any time frame for the deregulation. Given the discussion

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Lokpal Bill Mission – Curb Corruption

It is well known fact from Kids to Grandpas across the length and breadth of the country that Bribery / Corruption is rampant in India and termed political interference as a key reason for poor enforcement of anti-bribery and corruption laws in the country. Hence, having a strong civil participation in the matter can help bring enhanced governance.

Successive Governments in India has taken various initiatives in the recent past to curb corruption, mostly by being vocal in the press without actual powers to the civil society nor punishing the culprits. There is an urgent need for a mechanism that would adopt

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Tamilnadu Assembly Elections Opinion Poll – AIADMK Set for Return

The OUTLOOK-MDRA opinion poll for the forthcoming assembly elections in the state of Tamilnadu indicate that AIADMK headed by Jaylalitha will be back in power according to 54% of the people.

AIADMK has formed an alliance with DMDK (a party led by a popular former film star Vijaykanth). In the previous state election, DMDK

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KPMG Trashes Government for Corruption – Recall Singh ?

In a survey conducted by KPMG, Real Estate, Constructions and Telecom ranked high on the list of most corrupt sectors. The thing here is the innocent and hardworking Indians are only made aware of the corruption in Telecom now by Media activism, otherwise barring few Reliance and other names, the sector is not that highly corrupt.

KPMG survey indicated,

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