Fundas For Dhanda

Updated: Sep 22 2003, 05:30am hrs
Members of the broking community are known for their expertise and often dictate the sentiments of investors and traders alike. But then, who controls the sentiments of this community and what sways them

Well, to a large extent, the centuries-old rituals are of prime importance, wherein the inauspicious 15-day period of shraadh (pitripaksh) has a fair amount of weightage on the decisions that they take or do not take.

As a result, prospective members for the three new commodity exchanges emerging on the commodity futures market are avoiding taking membership at a time when preparations are on to launch futures trading platforms by Diwali.

Because of the shraadh period, we are forced to postpone the last date for membership said an executive. But this will not delay the launch of our trading platform, he added. It is an altogether different story that the last date has already been postponed twice.

Courtesy Call
Heres the latest update on Kerala tourism minister KV Thomas. The minister, who is already under fire from his former mentor, K Karunakaran, and his loyalists for deserting their camp, has stirred a hornets nest after he paid an unofficial visit to meet Israeli prime minister Ariel Sharon when he was in the capital recently. Mr Thomas, who reportedly did not have a proper invite from the Israeli prime minister, however, maintains that the sole aim of his visit was to attract high-spending Israeli tourists to Gods own country.

However, his detractors in the party as well as the Opposition were not amused by this explanation. Now they have launched an intifada against the minister. Last heard, the former professor was seeking the party high commands intervention on the issue.