Fwd: Today's Exclusives - Investment Advisor Regulation IV: Distributors write to Moneylife to point out numerous holes

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From: Moneylife <noreply@moneylife.in>
Date: Fri, Sep 30, 2011 at 6:22 PM
Subject: Today's Exclusives - Investment Advisor Regulation IV: Distributors write to Moneylife to point out numerous holes
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30 September 2011   Moneylife Exclusive Investment Advisor Regulation IV: Distributors write to Moneylife to point out numerous holes Moneylife Digital Team Our discussions of SEBI's paper on investment advisors have drawn a tremendous response. Here is the summary of the distributors' perspective...     Exclusive Column     Indians as guinea pigs: Clinical trials killed 1,600 people in the past two years; only 22 compensated for fatalities Vinita Deshmukh 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...       Other ML Exclusives   Regulation: People's wrath The public is disgusted and angry over rampant corruption. When will politicians ever listen? .............................................................................................................................................. Daily Market Report: Share prices under pressure Watch 4,900 on the Nifty below which the market may make any move... .............................................................................................................................................. JP Morgan & Baroda Pioneer continue to bet on foreign shores with new fund offerings JP Morgan and Baroda Pioneer are launching foreign fund schemes. But why are these foreign fund schemes flooding the Indian market, even as Indian savers are shunning the equity products of their own country? .............................................................................................................................................. Onion prices fall in wholesale market as exporters stop buying Higher export prices have left no takers for Indian onions in the international market; wholesale prices are crashing due to excess supply... .............................................................................................................................................. Anna Hazare enters cyberspace; slams self-styled mediators who tom-tommed their vital role in breaking his fast Allegations had been flying thick and fast that huge sums had exchanged hands to break Team Anna. Tall claims were being made by self-styled political lobbyists, purportedly backed by the state government, that they had played a vital role in breaking Anna's fast at Ramleela Grounds by keeping key members of Team Anna in the dark. Anna Hazare has now hit back at these allegations through a blog... .............................................................................................................................................. Seventymm struggling with logistics and piracy problems in new ventures as well Poor logistics infrastructure and piracy have dampened prospects for several clones of Netflixs. Indian online movie rental services provider, Seventymm is still fighting with these issues even after entering into new verticals. This raises question on the consumer-entertainment model as well... .............................................................................................................................................. MFI corporate governance norms: How can these be put in place? It is great for banks to appoint many nominee-directors to MFI boards, but they must act responsibly on the ground... .............................................................................................................................................. Realty is the latest pick of a group-buying website. Will it work? SnapGhar, a newly-launched group buying website, claims that it will provide a collective-buying platform for the real estate industry... .............................................................................................................................................. Development and free markets—does it mean MNCs will sell us back our water? Healthy low-cost food and natural water to consume are important for all of us. Is there a conspiracy to force us Indians, in the name of "development" and "growth", to consume more and more unhealthy food and beverages? .............................................................................................................................................. Retirement fund: How much is enough? The answer will surprise you... .............................................................................................................................................. Personal finance today - Axis Mutual Fund launches Gold Fund - DSP BlackRock MF launches DSP BlackRock World Agriculture Fund - HDFC Mutual Fund launches new fixed maturity plan   ON STANDS NOW At a Glance   - Planning Commission may change affidavit on BPL, indicates govt - Cabinet approves new Mines Bill - Black money case: SC cancels Hassan Ali's bail - Reliance Capital gets RBI nod to sell stake in Reliance Life - Indian pharma sector will struggle without govt support: IDMA   Corporate Wrap-up   - Nikko AM completes acquisition of DBS Asset Management - HCL Technologies wins Asian Human Capital Summit 2011 Award - Sobha Developers to invest Rs 250cr in Chennai property - GVK Power subsidiary wins highway contract in MP - NALCO plans to diversify into nuclear power   Moneylife Columns     Corruption in India is endemic because like charity, corruption begins at home, too Karan Kharb Since we are now teaching our children that they can race to the top by any means that they desire, this 'winner-takes-all' (by any approach) attitude is actually embedding corruption in young minds. But the recent social protests have come as a shot in the arm for the current generation...     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...       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   Are diamonds the last frontier? Gold is slowing down and silver has snapped its streak. All the action is moving to the diamond industry that employs over 10 million people globally and generates jewellery revenues in excess of $70 billion year after year. ...................................................................................................................................................... Scrambling for revenue, US banks to charge debit card usage Bank of America plans to charge customers who use their debit cards to make purchases a $5 monthly fee beginning early next year. ...................................................................................................................................................... Emerging markets in largest quarterly loss since 2008 Data on South Korea's industrial production and Chinese manufacturing have fuelled concern that global growth is slowing in emerging markets. ...................................................................................................................................................... Can America afford the 2012 elections? It's going to cost $6 billion-the most expensive US elections ever, by a long shot. ...................................................................................................................................................... Google's Motorola deal under scrutiny The US Justice Department is taking a closer look at Google's proposed $12.50 billion acquisition of mobile maker Motorola Mobility, raising an initial hurdle. ...................................................................................................................................................... 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 III: SROs have never worked in the past; will it work now? The new (flawed) investment advisor regulation is a non-starter since SEBI is proposing to regulate through the idea of Self Regulatory Organisation. SROs have not worked in the past and may fail in this case too... ...................................................................................................................................................... Notwithstanding the Registry, how transparent are clinical trials in India? The shocking details of 1,600 casualties in our country during clinical trials of drugs in just last three years reflect the casual approach of multinational companies as well as the DGHS. Even the mandatory norms for providing information on the website of Clinical Trials Registry are not being followed...     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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