1. What are the pre-2005 series banknotes?
The RBI issued Mahatma Gandhi series (MG series) 2005 banknotes in the denomination of ` 10, ` 20, ` 50, ` 100, ` 500 and ` 1000. These notes contain some additional / new security features as compared to the 1996 MG series. All banknotes issued before the 2005 MG series are called as pre-2005 series banknotes.
The Parliament has passed the historic Companies Bill 2012, moved by Shri Sachin Pilot, Minister of Corporate Affairs. The Bill was passed by the Rajya Sabha here today which had already been passed by the Lok Sabha many months ago (in December 2012). Shri Pilot has termed it as a historic day for the country as it will usher in a new era in the Corporate Governance.
He is rated among the country’s top stock market investors, having made his fortune by identifying shares of multinational FMCG companies when they were going cheap in the 80s.
Now 85, Chandrakant Sampat looks at capital markets in general with a sense of foreboding, his belief in capitalism having been shaken by the events of the past few years.
And he has thrown his lot with the camp of economists and market participants who believe that easy money policies of central banks and unbridled consumerism has set the stage for increased social and financial turmoil in the days ahead.
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Tarun Kumar Gupta
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