Skip to main content

Posts

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...
4 comments
Read more

Popular posts from this blog

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...
2 comments
Read more

The Road to True Progress: Reframing the Narrative of India's Transformation

 In the midst of the incessant reverberations of religious, ideological, and political affiliations, the true essence of nation-building often becomes distorted. For India, a country rich in diversity and potential, this cacophony can result in the misalignment of citizens' understanding of progress. A considerable fraction of society finds itself engulfed in a labyrinth of misleading dialogues: The relentless debates over the supremacy of one political faction over another often consume valuable intellectual bandwidth. Instead of thoughtful discourse on policies and their impacts, discussions are often reduced to partisan squabbles, much like a never-ending game of chess with no definitive victory. A blind endorsement of extreme capitalism, often masked as nationalism, also blurs the boundaries of socioeconomic development.  Large corporations, although significant contributors to the economy, can inadvertently create monopolistic markets if unchecked. It's akin to appreciati...
Post a Comment
Read more

Complex Co-Existence of Pakistan and India

 Intricacies of the Relationship Explored Pakistan and India share a rich yet intricate history that has spanned decades. These two nations have been entwined in a rivalry characterized by animosity and tension. The origins of this animosity lie deep within the historical narratives of both countries.  In the modern era, the propagation of misinformation and propaganda, primarily through social media and other digital avenues, has fueled and intensified this antagonistic sentiment. Propaganda's Disturbing Consequences:  Impact on Youth and Society The most disconcerting aspect of this propaganda is its influence on the younger generation. Pakistani children, from a tender age, are exposed to content that portrays India and its people in a negative light. These messages are carefully crafted to demonize  India and those who follow religions different from Islam. This deliberate manipulation plants seeds of enmity and hostility within impressionable minds, fostering a ...
Post a Comment
Read more