The previous generation, our parents, often shied away from investing in the stock markets. Their apprehension was not unfounded, given the financial scandals and economic crises that have rocked the investment world over the years. Here's a closer look at some of these events and their implications: 1. The 1992 Harshad Mehta Scandal: In 1992, (I was in class 12) the Indian stock market was hit by a colossal scam orchestrated by Harshad Mehta, amounting to 4000 Crore. This scandal caused the stock market to plummet by more than 50%, shaking investor confidence to its core. Example: Imagine an investor who had put their life savings into the stock market before the crash. The value of their investment would have halved almost overnight, causing significant financial distress. In response to this scandal, the Indian government passed the Securities Laws (Amendments) Act in 1995, granting the Securities and Exchange Board of India (SEBI) the authority to regulate depositories, Foreig...
The Indian Premier League (IPL) is a spectacle that captivates millions of viewers with its thrilling matches and star-studded teams. However, there's a less glamorous side to this sporting extravaganza that often goes unnoticed: the pervasive advertising of products that are detrimental to our health. Watching just one IPL match can expose you to a barrage of advertisements promoting what can be termed as 'sin products'. These are products that, while legal, can have harmful effects on our health and well-being. Here are a few examples: 1. The Glamorization of Betting | Gaming : The IPL has seen a surge in advertisements promoting betting platforms. A slew of startups in this field has emerged, with many prominent players and celebrities endorsing them on screen. These advertisements often portray betting as a thrilling and lucrative activity, subtly encouraging viewers to partake in it. Example : Consider the advertisements featuring famous cricketers endorsing onli...