Sucheta Dalal is the business reporter who is credited with the expose of the Harshad Mehta scam of the early 1990’s, when
She is now the managing editor of Moneylife.com and is well known for informative and illuminating articles on the Indian Financial institutions and Industry.
Thus it was a jolt to read her article Regulation vs Savers: Fuzzy logic [http://www.moneylife.in/article/regulation-vs-savers-fuzzy-logic/24669.html], which also appears on the latest print edition of Moneylife wherein Sucheta Dalal hints that many financial regulations and volatility in the Indian share markets are engineered by politicians, ministers and policy-makers to benefit foreign speculators at the cost of Indian small investors.
Call it a suspicion, hint, fear, warning, accusation, suggestion or whatever else you want to, it was heart warming to see it in the mainstream media, from the horse’s mouth - so to speak.
In Nov 2010, I had written that the laying down of office by Madhu Dandavate as the Finance Minister, ended the (duty of) Finance Ministers looking after the interests of common man. The practice of watching and measuring development of India based on the Stock markets (the SENSEX) commenced with his successors and has been the bane of common people till this day.
It has taken almost 1-1/2 years for people in the mainstream media to even think, hint or suspect it. Even so late, it is gratifying to see people realise my writings are true. Even more pleasing is the fact that I’ve been able to think issues out and see clearly what exactly the problem(s) are about.
A pat in the back, even if it has to be by my own hand.
(image courtesy Nick Anderson)
- some investors and brokers were in the know,
- the regulators and the politicians who certainly knew, and
- the media mostly fawning over the scammer,
She is now the managing editor of Moneylife.com and is well known for informative and illuminating articles on the Indian Financial institutions and Industry.
Thus it was a jolt to read her article Regulation vs Savers: Fuzzy logic [http://www.moneylife.in/article/regulation-vs-savers-fuzzy-logic/24669.html], which also appears on the latest print edition of Moneylife wherein Sucheta Dalal hints that many financial regulations and volatility in the Indian share markets are engineered by politicians, ministers and policy-makers to benefit foreign speculators at the cost of Indian small investors.
Call it a suspicion, hint, fear, warning, accusation, suggestion or whatever else you want to, it was heart warming to see it in the mainstream media, from the horse’s mouth - so to speak.
In Nov 2010, I had written that the laying down of office by Madhu Dandavate as the Finance Minister, ended the (duty of) Finance Ministers looking after the interests of common man. The practice of watching and measuring development of India based on the Stock markets (the SENSEX) commenced with his successors and has been the bane of common people till this day.
It has taken almost 1-1/2 years for people in the mainstream media to even think, hint or suspect it. Even so late, it is gratifying to see people realise my writings are true. Even more pleasing is the fact that I’ve been able to think issues out and see clearly what exactly the problem(s) are about.
A pat in the back, even if it has to be by my own hand.
(image courtesy Nick Anderson)
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