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Go slow on themes
I have been a regular investor in mutual funds for the past 3-4 years. I have accumulated many funds in my portfolio which were at some time or the other very good funds, but not all are rated 4- or 5-stars today. Should I exit funds as soon as they go below the top ratings? I think this will mean too much of churning in my portfolio.

Aircel: Ring in the old
Mobile telephony service provider Aircel is taking the philanthropic path. While most brands and advertisers offered discounts this festive season, Aircel came out with a 35-second corporate social responsibility TV campaign that urged youths to donate their unused mobile handsets to old people.

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Govt opposes flight suspension by pvt airlines
With private airlines suspending operations on August 18, the government today said it does not support any move to inconvenience the travelling public and asked the carriers to engage in a dialogue.
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Left, BJP corner govt on price rise

The Left and the BJP today tried to corner the government on the issue of spiralling prices and lent support to trade unions which have gathered here to protest against economic policies including disinvestment. - Parliament adjourns twice on inflation, Telangana - Parliament adjourns after uproar on prices, Telangana - Waterless Mumbai - Time for govt to roll back stimulus: Moody"s - Govt approves 6 new SEZ proposals - Usage of IPO proceeds not monitored by Sebi: Govt Raising the issue during Zero Hour in the Rajya Sabha, Tapan Kumar Sen (CPI-M) said trade unions were holding protests and demonstrations throughout the country against price rise, "inaction" of the government and "distorted" package to industry in the name of recession. Sen said there was a complete strike by trade unions against merger of banks and "backdoor" move to privatise them through outsourcing. While the government has given exemption of over Rs four lakh crore to corporate groups, it was not willing to spend money on containing inflation, he said. "There should be a complete reversal of policy direction and ban on speculative trade in commodities," he said, cautioning the government that if corrective measures were not taken, workers would be forced to take further action. Supporting him and other the Left members, S S Ahluwalia (BJP) said trade unions have launched a movement and some of them were on dharna opposite Parliament House against price rise. He said while inflation was increasing, dearness allowance of workers was not commensurate and the government should intervene. Earlier, in both the Houses the issue was jointly raised by opposition parties forcing repeated adjournments. While Lok Sabha had to be adjourned for the day, Rajya Sabha saw two adjournments during Question Hour. Food inflation exceeding 17 per cent has disrupted household budgets. Government has attributed it to floods, droughts and also higher support price paid to farmers for commodities like sugarcane, rice and wheat.


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