Risky Business

Most things are going well for most investors. So let’s talk about risk. People are masters at discounting risks that threaten the continuation of their past success. Winning feels good, but winning and then assuming you’ll keep winning indefinitely by doing what you just did is pure heaven and too hard to let go of. Risk hides…

Govt may ask banks for at least $295 million in back-taxes

Authorities are demanding that banks pay taxes on services they claim were rendered to customers who maintained accounts above minimum balances The total amount of tax demands may reach more than Rs100 billion through 2016 as the government probe widens to include all of India’s roughly 100 lenders. The Indian government plans to issue demands…