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Showing posts from November, 2023

Supreme Court ,SEBI and Short selling-who is Calling the Shots!

 It looks like Corporate War fought through Proxies- what is visible is Supreme Court being egged on by Advocates and Lawyers like Prashant Bushan to go against SEBI(a Government arm).but men behind it are with deep pockets of short selling and international funding, who wanted to sabotage the dreams of retail investors and small investors of LIC& PSU banks etc. by hurting the business group of Adani. Ingenious game of Cloaks & Daggers- all in the name of election funding of Modi &BJP through the so-called "tainted money" by Adani. Smoke screen tactics and optics to divert the issue as an international fraud and financial malfeasance by planting motivated reports in foreign press and newspapers through NGOs OCCRP and the hit and run job of Hindenburg for the benefit of a Short-selling syndicate remote controlled by big foreign political & financial manipulators! Finally Supreme Court had to appoint a Committee of eminent professionals and jurists who in their ...

Supreme Court and Governors!

 IMHO, Supreme Court is Supreme and no Court can deny this- let alone a humble citizen like me! But without contempt and malice for the Supreme Court, I want to submit few points of view on the latest judgment of Supreme Court on the role of Governors. 1) SC has stated the obvious- Governors are not elected but titular heads of States. 2)They cannot sit tight on the legislation passed by Legislature indefinitely. 3)They will have to function in harmony with the State CM and his Cabinet. 4)they will have to abide by Article 200 of the Constitution of India. Nothing stated above are any new findings but simple platitudes repeatedly told to Governors. However the larger question of how can a State Legislature pass a bill which calls for replacing Governor by State CM for appointing Vice-Chancellers of Universities and expect Governor to give his assent to such a bill- the simple question as to how a Governor or for that matter, a CM be a judge in his own cause. Is there not a inbuilt ...

Trade deficit in Oct 23 is jarring-other macro factors pleasing!

  India's trade deficit widened to a record high of $31.46 billion in October 2023, according to data released by the Ministry of Commerce and Industry. This was significantly higher than the $19.37 billion deficit in September 2023 and the $20.50 billion that economists had forecast. (all the above figs in US $ Billions) The widening trade deficit was mainly due to a sharp increase in imports, which grew by 26.2% year-on-year to $54.54 billion. This was driven by higher imports of crude oil, gold, and electronic goods. Exports, on the other hand, grew by a more modest 5.4% to $23.08 billion. (Imports Figs above are in US $ Billions) (the above Exports Figs in US $ Billions) The widening trade deficit is a concern for the Indian economy as it puts pressure on the rupee and could lead to higher inflation. The government has announced a number of measures to boost exports, but in view of dampening Global Trade volumes which are exacerbated by wars in Europe and Middle East theaters ,...