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Showing posts with the label #CronyCapitalism

A DHFL Victim’s Anonymous Letter — and the YouTube “Dislike” Campaign

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  A DHFL Victim’s Anonymous Letter — and the YouTube “Dislike” Campaign Posted on 23rd March, 2026 (GMT 03:18 hrs) ABSTRACT This post presents an anonymous testimony from a DHFL depositor, documenting the lived human cost of India’s crony-capitalist financial regime. Through a raw account of loss, dispossession, and psychological distress following the DHFL collapse and subsequent resolution process, the letter foregrounds how institutional decisions, regulatory opacity, and political–corporate entanglements translate into everyday suffering for ordinary citizens. At the same time, it traces a shift from despair to resistance, as the victim transforms personal trauma into acts of digital dissent and collective voice. By reproducing the testimony in both transliterated Hindi and English, this piece seeks not only to archive a voice often erased in financial discourse but also to situate it within broader critiques of the “money-signifier” as a structuring force that shapes visibilit...

Beyond the $55 Trillion Dream: A Diary of Doubt on India@100’s Vision for “Viksit Bharat”

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  Beyond the $55 Trillion Dream: A Diary of Doubt on India@100’s Vision for “Viksit Bharat” Posted on 26th February, 2026 (GMT 01:05 hrs) ABSTRACT This diary, spanning February 21–23, 2026, offers a multifaceted critique of Krishnamurthy V. Subramanian’s book India@100: Envisioning Tomorrow’s Economic Powerhouse (2024). Through personal reflections, it dissects the bulk purchase controversy involving Union Bank of India, the book’s promotional events and political alignments, pricing anomalies, and core economic projections for a $55 trillion economy by 2047. Interwoven are broader analyses challenging GDP as a fetishized metric, exposing structural misrepresentations in India’s national accounts, rising external debt amid IMF concerns, unaddressed inequality and crony capitalism, and superficial treatment of climate crises. Contrasting Subramanian’s optimistic, growth-oriented “ethical capitalism” with Gandhian austerity and deep ecological alternatives, the entries highlight...