Once in a Blue Moon Academia (OBMA)

 Fixed Deposits: Insecurely Secure? A Letter to the Finance Minister and RBI Governor Fixed Deposits: Insecurely Secure? A Letter to the Finance Minister and RBI Governor Posted on 20/11/2023 (GMT 11:15 hrs) To Mrs. Nirmala Sitharaman, The Honourable Minister of Finance and Corporate Affairs, Government of India Sub: Appealing for a Statutory Warning for Fixed Deposits, Recurring Deposits and Non-Convertible Debentures Dear Mrs. Sitharaman,  We, the common people, are not aware of the fact that Fixed Deposits and Non-Convertible Debentures are “unsecured” investments. Therefore, we pondered upon the following points of concern to break the common superstitious notion of FDs and NCDs being “safe investments”:  ·         In post-independent India, have you ever heard of Fixed and Recurring Deposits (FDs and RDs) as being liable to market risks? ·        Has anyone ever heard about anyone losing their money in fixed deposits? Yes, recently more than 77k have lost 77% of their FD amount in

 Was DHFL the NBFC under the RBI? Was DHFL the NBFC under the RBI? Posted on 20/11/2023 (GMT 07:52 hrs) I. RETROPECTION Long ago in 2021, OBMA had approached the National Housing Bank (NHB) by asking about the future fate of the public depositors after the corporate insolvency resolution process (CIRP) of the DHFL. NHB replied the following: II. RTI ON THE REGULATORY BODY OF THE DHFL On 21st September, 2023, OBMA filed an RTI to the Department of Economic Affairs, Government of India, with a single sentence question: Was the Dewan Housing Finance Corporation Limited (DHFL) under the Reserve Bank of India (RBI) before being put under the Insolvency and Bankruptcy Code (IBC)? Given below is a copy of the online RTI application form: rti-online-to-doef-reg-nbfc Download On 22nd September, 2023, the RTI request was transferred to the  Reserve Bank of India : doef-status-of-nbfc-question Download The RBI  partially / provisionally  replied to the question on 20/10/2023: replydocument-of-rbi

Begging to Mr. Ajay Piramal for Free Nixit Lozenges to Quit Smoking: a request from a Chain Smoking DHFL Victim Begging to Mr. Ajay Piramal for Free Nixit Lozenges to Quit Smoking: a request from a Chain Smoking DHFL Victim Posted on 15/11/2023 (GMT 07:58 hrs) Dear Mr. Piramal, The Paramavaiṣṇava,  So we meet again (a virtual presence that is at once a hide-and-seek affair: a play of faceworks in the dramaturgical interactions in the locus of the cyber-space),  in thunder, lightning and in rain ⤡ —  an eternal recurrence ! Hope you are keeping up your  “animal spirit” ⤡   ⤡  in carrying out business deals. If you ask about me (though you hardly care), I have been reduced to an alcoholic, a narcotics-addicted Chain Smoker. You may ask: what are the contributing factors to this degenerative state of mine? Well, as part of the all-pervasive disease known as  schizophrenic capitalism , I have been suffering a lot for the past four years. My psychosomatic “diseases” have been caused by your