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...
Wokeism, a term that gained prominence in the 2010s, refers to a heightened awareness of social, cultural, and political issues, with a particular focus on combating racism and promoting social justice. This concept has become a focal point of both praise and criticism, dividing public opinion along ideological lines. In this article, we explore the two sides of wokeism and delve into the complexities of this social phenomenon. The Positive Side: Wokeism has undoubtedly played a crucial role in raising awareness about systemic inequalities and injustices that have long plagued society. By alerting people to racial prejudice, discrimination, and other forms of social disparity, it has fostered a deeper understanding of marginalized communities' struggles. Many proponents argue that being woke is a step towards progress, as it encourages individuals to empathize, listen, and take meaningful action to address societal imbalances. One of the significant achievements of Wokeism is its a...