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Dear Members, In the past, service delivery mechanisms of the government departments left much to be desired in India. Cramped spaces; shabby ambience; discourteous dealing personnel and their chronic absenteeism; demands of gratification; inefficiency in work; long queues; procrastinating officials; procedural complexities; etc., were some of the undesirable features of the working of the government departments. Consequently, a visit to government department by a citizen to make use of any service used to be a harrowing experience. Public Administration, governed…

Dear Readers, This is w.r.t. UTV Software Communications Ltd – BSE Code 532619 (Risk arbitrage recommendation for Oct’11). The Cabinet Committee on Economic Affairs has approved the proposal of The Walt Disney (Southeast Asia) Pte Ltd, for increasing its shareholding on fully diluted basis from 48.02 per cent to 100 per cent in UTV Software Communications Ltd pursuant to the Foreign Investment Promotion Board recommendation. So, The Walt Disney can now proceed with the delisting of the equity shares of…

Dear Readers, The central concern of all investors in their investment policy is to always ensure a “margin of safety”. The future is uncertain and no matter how good one is, the reality is that no investor, not even Buffett, can determine the exact intrinsic value of any business. Because the intrinsic value is derived from an investor’s assumptions, the value is merely an approximation. Yes, an investor as skilled as Buffett will probably have a better approximation of intrinsic…