A matter of numbers

A cheque deposited on Monday gets cleared by Wednesday, or worse, Thursday. However, cheques issued on Monday promptly land in your debit on Tuesday itself. That is why most of us treading on thin liquidity ice keep a buffer of two days for issue of cheques against cheques received. Also post dated cheques that outlive the mortals issuing them pack the cheque calendar tighter. Continue Reading

Dead, yet not gone!

Jyoti Basu’s passing at the age of 96 is not exactly a tragedy. Nor was it unexpected as he was ailing for quite some time. In fact, he quit as CM in 2001 at the age of 88 on health grounds, after reigning for 23 years. Working backwards, he had become the CM at age-65, when the rest of the proletariat would have been well into retirement. Continue Reading