There's a huge scam going on in the stock markeeet.

Valuations are defying underlying profitability on the balance sheets

It's a game being played on the backing of unprecedented liquidity provided by the Central Bankers

The irrational exuberance will sink the retail investors
Most of the fresh equity offerings are in the nature of existing investors offloading their loss making deals at exorbitant valuations.

Just by the hype being created by the eco-system of investment bankers, underwriting Agents, shady money laundering criminals etc
The funds being mopped up aren't going to be invested in expansion or legitimate business needs, but for profit gauging.

The fact that many first timers are highly leveraged make it a combustible furnace.

A lot will burn their fingers. Equal number would burn themselves.
Mind it.

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More from @RURALINDIA

17 Nov
I come from a India - Legal version :

Where the Top judiciary sings hosannas for personal liberty, but selectively.

Where the Lower Judiciary is trained to be antithetical to personal liberty.
Where The Top Judiciary thanks the Executive for Court infra development - the Thane Court functions out of a dungeon. A veritable hell-hole. No place to even stand in the Court w/o rubbing a 100 people on their public & private parts.
A Top Judiciary that fears to lend its name to judgements or adhere to due process when it comes to one of it's own.

Where cases run Ram Bharose i.e w/o a guardian.

Where bail application isn't an urgent matter but a perceived defamation of a sleazy officer or moneybag is
Read 4 tweets
15 Oct
#ShivSena Chief @OfficeofUT 's speech on the occasion of #DasaraMelava - My take:
Caveat : I heard only 30 mnts or so at the end.
1. He made a distinction between #Hindutva as practiced by RSS & as understood by him. He said - my Hindutva doesn't make me hate people.
2. RSS Chief's persistent claim that all Indians had the same ancestors, meaning Hindus - UT had a 2 fold answer - If you talk of the ancestors, you will have to go back to monkeys, and, if ancestors of all Indians were Hindus - why u behave as if ancestors of opposition ..
leaders came from a different planet. [Methinks, this is an effective counter (given the charged & gullible citizens) to the trope of claiming superiority of race by the Sangh Pariwar.
3. He spoke about federalism. He stressed that Maharashtra is being discriminated against.
Read 10 tweets
13 Oct
We all may show our exasperation at what's happening with Aryan Khan. Rightly so.

But, remember that, our judicial system cares as much for personal liberty as we care for it's decay.

Bail applications are usually not heard for months.
Aryan's is being heard within 3 days.
Courts grant urgency to anticipatory bail applications, not bail.

If you're sent to jail by a Magistrate, the curtailment of your personal liberty ceases to remain a concern for higher judiciary

You become 1 of the thousands that are languishing. Judiciary is short of manpower
Unless, you're Arnab or Aryan, you would be denied your Constitutional right to equality before law.

So, don't outrage on specific incidents - outrage to seek improvement in the justice delivery system.

Demand a system where matters of personal liberty are granted urgency.
Read 4 tweets
14 Aug
On the eve of #75thIndependenceDay : I want to address fellow citizens: I know I'm inconsequential. I also know that I'm the ultimate source of power. The power of my Corporator, the MLA, the Chief Minister, the Prime Minister, the CJ of my High Court, the CJI ...
All of them assume power from me. They're there to 'serve' me & you.

How would they serve 'us' ??

Well.....

Not at their whims & fancies.

Not at their biases.

Not at their ideological preferences.

All of them are there to serve 'us' - in accordance with the Constitution.
They are enjoying their power, their perks, their luxuries - at 'our' cost.

We slog, we work hard, we live & we pay taxes. The taxes pay for their upkeep. They're there cause 'WE' put them there. They draw their legitimacy from 'us'.

'We' aren't 'subjects' - 'WE' are Masters.
Read 6 tweets
9 Jul
Namaste sada vatsale matrubhume, tvaya hindu bhume sukhamvartitoham......

I sang this every evening when I headed RSS shishu shakha at 12.

It was fun. The evenings, the small little games. The बौद्धिक। Stories of great kings & heroes. The sense of pride, the fulfilment.
Went on for a few months. Then, my ताऊजी got to know that I'm attending Shakha.

ताऊजी was an amazingly simple person. A Brahmin who lived in poverty despite his father being the Chairman of local municipality for 20 years. Despite his father being a person friend of Rajasthan CM
At night, he called me - told me a long story as to how the जांगिया वाले (that's Marwadi for RSS Chaddis) betrayed his father & other freedom fighters, gave info of their whereabouts to Brits & the Brits caught my grandpa along with Hiralal ji Shastri (1st CM of Rajasthan)
Read 4 tweets
23 Jun
How can I not share the real life experiences here on Twitter?

This is an interesting story :

A businessman, resident of the uppest-upscale of Mumbai.

In partnership with a man living in the most downtrodden neighborhood of a small town.

A business partnership.
Strange, you would say. But, it's real. And, it's the India aka Bharat in which we grew up. Not the phony #NewIndia that's being propagated and thrust down our throats.

The Mumbaikar is Hindu & the small town gentleman is Muslim.

They've an inherited business partnership.
Both are multi-millioners.

This is the second generation. The third generation is equally close.

Now, the issue why they needed to visit a 'sasta & 'down-markeet' lawyer like me :

A land was purchased, in Partnership, from an erstwhile Patil in 1970.
Read 6 tweets

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