Thursday, September 05, 2024

Real mindset.

"The quick acceptance of the 2023 Hindenburg report by several Indians raises and important question: Why do foreign analyses command such respect and authority among Indian citizens and possibly even institutions?" Such an attitude reflects a colonial mindset, wrote Shishir Priyadarshi. Mr Priyadarshi is a former director of the WTO and so may be unaware that around 50% of India's population was below the age of 25 years and 65% was below 35 years in 2022. wikipedia. It means that the vast majority of Indians were born well after Independence. It's not that Indians have blind faith in foreigners, it's that Indians have absolutely no faith in their own leaders. "As many as 251 (46%) of the 543 newly elected Lok Sabha members have criminal cases registered against them and 27 of them have been convicted, according to...Association if Democratic Reforms." BS. In April 2021, a Gujarati newspaper counted the number of people dying of Covid. "On the night of 16 April, the journalists drove 150km (93 miles) around Ahmedabad and visited 21 cremation grounds. There they counted body bags and pyres, examined registers, spoke to cremation workers, looked at 'slips' which assigned the cause of death, and took photographs and recorded videos." "At the end of the night they had counted more than 200 bodies. But the next day, Ahmedabad counted only 25 deaths." BBC. In July 2021, "Indian tax authorities have raided the offices of two prominent media outlets (TV channel Bharat Samachar and newspaper Dainik Bhaskar) that have been critical of the government's response to coronavirus." "The homes of the employees have also been raided, and many have had their mobile phones seized." BBC. In January 2021, Hindenburg Research accused the $218 billion Adani Group of "brazen stock manipulation and accounting fraud scheme over the course of decades." The Securities and Exchange Board of India (SEBI) found nothing against Adani and instead issued a 'show cause' notice to Hindenburg. In August 2024, Hindenburg reported that "Madhabi Buch, the current chairperson of SEBI, and her husband had stakes in both obscure offshore funds used in the Adani money siphoning scandal."  Ms Buch described the allegations as "baseless" and "character assassination". HT. Suddenly a flood of revelations against Buch. Buch worked at ICICI Bank while holding a full-time post at Pacific Capital, a private equity firm. pressreader. Ms Buch apparently continued to be paid by the ICICI Bank even while she was working at SEBI in contravention of government rules, alleged Congress Party. DH. Officials working at SEBI have complained that "Shouting, scolding and public humiliation have become a norm at meetings." ET. "The parliamentary Public Accounts Committee (PAC) is set to look into allegations against SEBI chief Madhabi Puri Buch." ET. So, is this an attempt at a cover up, or will Ms Buch be sacrificed to prevent any questions about how high it goes? "This is not an Adani issue, this is a 'MODANI' issue. The real issue is the relationship between PM Modi and Adani," said Congress MP Jairam Ramesh. Mr Priyadarshi's may be trying to demonstrate his 'patriotism' by accusing Indians of possessing a  "colonial mindset" but Indians have a healthy incredulity about our "Godi Media" (wikipedia). When you fear your fascist government, you look to foreign reports. That's the real mindset.    

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