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Regulators & Conflicts of Interest: India’s Blind Spot https://www.youtube.com/watch?v=3y5UB6dZ4BA May 28, 2025
SEBI's new chairman, Tuhin Kanta Pandey, has openly acknowledged a serious lapse in transparency standards—an admission that starkly contrasts with past denials. In this powerful commentary, Sucheta Dalal breaks down the urgency of reforming SEBI’s outdated and voluntary conflict of interest code.
She argues that the High-Level Committee (HLC) must go beyond a cosmetic fix and set new benchmarks for all Indian regulators—from fixed tenures and cooling-off periods to blind trusts and broader definitions of conflicts.
With India allowing lateral entries into regulatory roles, the need for a legally binding code of ethics is more urgent than ever. Don’t miss this in-depth analysis of what went wrong—and what must happen next to restore credibility in India’s regulatory institutions.
Lokpal gives clean chit to Madhabi Puri Buch in Hindenburg case https://www.thehindu.com/news/national/lokpal-gives-clean-chit-to-madhabi-puri-buch-in-hindenburg-case/article69630578.ece the allegations in the complaints are more on presumptions and assumptions and not supported by any verifiable material and do not attract the ingredients of the offences in Part Ill of the (Prevention of Corruption) Act of 1988, so as to direct an investigation therefor. ..
“As noted in our order dated 20.09.2024, that report by itself cannot be made the sole basis to escalate action against the RPS [Ms. Buch],”....the analysis of the allegations by us ended with a finding that the same are untenable, unsubstantiated and bordering on frivolity,”..
https://www.moneylife.in/article/madhabi-puri-buch-gets-clean-chit-from-lokpal/77264.html "The complaint(s) under consideration were essentially founded on the Hindenburg Report dated 10.08.2024, by a known short seller trader whose focus was to expose or corner Adani Group of Companies," the Lokpal noted, highlighting concerns about the source material's credibility.
On the 5 crore investment by Buch and her husband in a fund linked to an Adani Enterprises director, the Bench observed that the money had been redeemed in 2018—well before SEBI began its Adani probe in 2020.
The order concluded: "We hold that the allegation that the RPS intentionally provided heavily redacted documents to the Expert Committee of the Hon'ble Supreme Court is devoid of merit, truly a veiled attempt to reopen and question the findings of the Supreme Court."
that Buch’s husband, Dhaval Buch, received over 4.78 crore as consultancy fees from Mahindra & Mahindra (M&M) Group while SEBI was handling regulatory issues related to the group, The Lokpal noting that “this allegation is speculative and borders on frivolity.”
Stepping back from the brink: time for reason and rapprochement between India and Pakistan https://www.bmj.com/content/389/bmj.r1102 In the biennial International Congress of Pediatrics, speakers highlighted the challenges that India and Pakistan face in public health, social determinants of health, climate change, environmental issues, and enormous gaps in health and development equity that need to be closed. Despite this harsh reality, both countries, irrespective of the relative size of their economies, spend a disproportionate amount on their military and nuclear arsenals. Notwithstanding the human costs of the conflict, the costs of the missiles and drones lobbed at each other and the damage in the five days after 7 May 2025 easily ran into billions of dollars. We wonder what could have been achieved had this money been used for public health in either country...We must activate formal and facilitatory platforms for scientific and cultural exchanges and focus on common tangible solutions related to climate, environment, water security, and child rights.
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