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Showing posts from February, 2023

Kuddelmuddel

As soon as the newbie lawyer reaches the valley, he facetiously remarks, "wahan sirf terrorists marte hain, army wale nahi? ". This line is what the writers of shaurya must defend. The reason why an age-old movie makes a mention today is to signify how crudely "Aman ki Asha" was shoved down the throat of millions of unsuspecting Indians. Morarji Desai was given Nishan-e-Pakistan for his contributions to the State of Pakistan, including sabotaging the RAW mission to extract and prevent the nuclear program in Pakistan. The second person who was this close to the Pakistani establishment has to A. S. Daulat. One who was said to know everything about Kashmir, but instead of working out a solution, he kept the status quo, enjoying a leveraged position from the government and the separatists of the valley, selling a dream of peace which kept his coffers filling.  At this time, India wanted to make a case for its pacifism, showing the west it was a follower of the Gandhian

Whelved Whales

Standard & Poor's (better called the S&P), Fitch and Moody are the three prominent players in the world of credit rating. Their words have such a significant impact on the speculative markets all over the world that one can safely call them the ventriloquists of the modern era. But reputation is a goose laying golden eggs; it must be well-fed and well-kept. Therefore, it's surprising that when Fitch's holding CreditSights reported that the Adani enterprises were deeply debt leveraged, the regulating authorities should have batted their eyelids. A lousy bureaucracy is no excuse for a country aspiring to be in the top 5 of the world's stock markets. In fact, a BBB- is a stern warning that we are looking at the humble origins of the 2008 subprime crisis.  A bigger and yet more straightforward question is what drove the Adani stocks so much? And quite a bit of the answer comes from the defence Adani group put out to the Hindenberg research - a rising nationalist sen