000-tobecategorised

 Adani को मिले 20 हजार करोड़ किसके, सामने आ गया सच ? Hindenburg Report  https://www.youtube.com/watch?v=cLcO0Xspxxw|
 Aug 13, 2024  INDIA

SEBI-Hindenburg-Adani: How Not To Handle a Credibility Crisis  https://www.moneylife.in/article/sebihindenburgadani-how-not-to-handle-a-credibility-crisis/74897.html  Sucheta Dalal 12 August 2024  As one of the top-5 capital markets in the world and a key resource mobiliser for the Indian economy, restoring confidence in the independence of our regulatory mechanism is of paramount importance today. What we are witnessing, instead, is a textbook example of how not to handle such a situation. 

SEBI already has a precedent of CB Bhave being ring-fenced from a SEBI investigation into the National Securities Depository Ltd (NSDL) when he was appointed chairman, even though it did not involve personal investments. A board-monitored committee, perhaps comprising the three whole-time members (WTMs) could have been set up to handle the Adani investigation in consultation with the finance ministry.

India’s national interest is not served by defending one business group. With a market capitalisation of several lakh crores and the savings of countless ordinary people riding on the market, it is imperative that SEBI remains credible and is seen to adhere to the rules and compliance standards it imposes on all stakeholders.

Comment by S Sen: 

Her recommendation of a judicial investigation, however, one cannot agree with. Indian judicial system stands compromised and/or too intimidated. Its investigation process will remain largely opaque...At the end, (it) would, most likely, produce a stunning outcome as it had in the military-grade spyware Pegasus case.
The JPC proceedings, in stark contrast, are, of course, going to be a grand (democratic) tamasha.  That's precisely its strength.

The tactical dimension of the caste census apart, it will have long time substantial effects: even if fewer jatis than expected benefited from Mandal at first, the implementation of Mandal II, or reservation in higher educational institutions in 2006, helped thousands of young men and women experience upward social mobility.

https://thewire.in/politics/caste-versus-hindutva-again 

 Since the 1980s – even before Mandal – two political repertoires are in competition in the Indian public sphere: caste politics and Hindutva. This dialectic started in Gujarat when the BJP reacted to the reservation policies of Madhavsinh Solanki by promoting anti-Muslim polarisation in order to create a Hindu vote bank transcending caste-based divisions – a strategy that implied communal violence.

The dialectic between caste politics and Hindutva may be at a critical juncture again for good reasons as well as by default. First, paradoxically, the completion of the Ram Mandir is affecting the Sangh parivar’s mobilisation power. For decades its followers fought for what they considered their rights against an illegitimate mosque – and in the name of a sacred cause. But they’ve arrived and a kind of anti-climax is now palpable: they’ve achieved a decades-old objective, but this is not changing the face of the earth. But why should caste politics be more attractive than class-based issues for the opposition? For many reasons. First, caste and class overlap to a great extent – even though a small Dalit bourgeoisie and a larger OBC middle class are shaping up. Second, these two emerging social groups are primarily the products of caste-based positive discrimination – so much so that even dominant castes like the Marathas are asking for reservations.

by Christophe Jaffrelot

09/082024