RS witnesses stormy session over Lokpal; Congress worried of opposition support

29 Dec 2011 Evaluate

The debate over Lokpal Bill (ombudsman) in the world’s largest democratic Parliament continued its course to upper assembly today. Although, nation-wide anti-corruption movement’s lynch pin, Anna Hazare called off his 3-day fast on second day itself owing to his deteriorating health, but opposition continued to be government’s headache in Rajya Sabha today and demanded stronger Lokpal.

Congress party with its allies is in minority in Rajya Sabha and needs support of the MPs of SP, BSP and RJD. However, Samajwadi Party members in Lok Sabha who walked out of the house before voting on the Bill on Tuesday, had warned government for stronger Lokpal else their MPs may vote against the measure in the Upper House today. RJD party members said the bill was 'doomed' because 'nobody' wants it and the party may also vote against it. However, BSP party is yet to decide its stance on the ombudsman Bill and its leader in Rajya Sabha Satish Chandra Mishra said party’s strategy will be revealed at the time of voting in the House.

The upper house witnessed long debate between the two lawyers. BJP leader Arun Jaitley who was representing opposition in upper house said present version of Lokpal Bill is 'phoney, a constitutional cocktail and dangerous'. At the other end Abhishek Shanghvi, who spoke on behalf of government, said BJP making excuses not to pass Lokpal Bill. Targeting BJP he said, 'You are creating a breeding ground for big-ticket corruption. If you don’t want to pass the Bill then say so, do not mislead the nation.'

The UPA government’s woes are intensifying, as Hazare and his team is appealing to the public to uproot the rule of the “party high-command” from the country. Team Anna member Arvind Kejriwal in his flaming speech said the government’s Lokpal is spineless and appealed to the people to uproot such government. “Annaji is correct when he says it is a second war of independence for us. After the Britishers left, the country is suffering from the rule of the party high-command. It is time to seize power from them and give it back to the people. The bill is tailor made to suit the party high-command. Laws have become by the party high-command, for the party high-command and of the party high-command. I pity the politicians. They are bonded labourers of their party high-command. First we have to free them,” Kejriwal said.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.