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Showing posts with the label Harshad Mehta Scandal

Why my parent stay away from stock markets

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...

Inequities in India's Taxation: Unfolding the GST Council's Ironies .

Introduction: The GST Council in India convenes periodically to discuss and refine tax structures. Each meeting brings forth a mix of positive and negative developments, often revealing new ironies and fallacies within the economy. This article sheds light on certain inconsistencies, focusing on the taxation of non-branded atta or wheat, the exemption of cricket games like IPL from GST, and the associated revenue generation. Taxing Essentials, Exempting Entertainment: One of the glaring ironies in the Indian tax system is the imposition of GST on non-branded atta or wheat, an essential commodity consumed by the poor. Despite the burden on those struggling to make ends meet, cricket, a form of entertainment, remains exempt from GST. The Board of Control for Cricket in India (BCCI), the governing body of cricket in India, enjoys tax-free status despite being the wealthiest cricket governing body globally. Example: A daily wage laborer, s...

How to Measure the Quality of Images When You Don't Have Gold Standard Images

What to do When You Don't Have Gold Standard Images to Compare Your Processed Images How to Measure the Quality of Images When You Don't Have Gold Standard Images to Compare In the realm of image analysis and processing, quantifying image quality forms a crucial cornerstone of various methodologies. This is especially true when there's a lack of gold standard images or ground truth to set the benchmark. In such scenarios, we're often left asking: how can we measure image quality objectively or subjectively? Let's delve into this topic with an emphasis on establishing robust and reliable metrics for image quality analysis. Objective Measurement of Image Quality Without Ground Truth Objective quality metrics quantify the difference between two images based on numerical methods. But, how do we assess image quality objectivel...

The Three Ingredient Cow Dung Brick Formula

Cow Dung Brick Formula 🐮 The Three Ingredient Cow Dung Brick Formula: Lime, Straw, and Gobar 🏠 Cow dung has been used as a traditional building material in India for centuries. They are an eco-friendly 🍃 and affordable 💰 alternative to conventional bricks, made from clay and cement. Cow dung is abundant in rural India, and its use in brick-making provides a sustainable and cost-effective solution to meet the building needs of rural communities. The addition of lime and straw to cow dung helps to improve the strength and durability of the bricks, making them suitable for various applications. In this article, we will explore the three-ingredient cow dung brick recipe, which includes lime, straw, and gobar, and how to tinker 🔧 with the recipe to arrive at the perfect mix. 🎯 The Three-Ingredient Cow Dung Brick Formula: The three-ingredient cow dung brick recipe includes cow dung, lime, and straw. Cow dung is used as the prima...