Once in a Blue Moon Academia (OBMA)

 DHFL the (N)BFC, RBI’s Decree and the “Bad Precedent” (?) DHFL the (N)BFC, RBI’s Decree and the “Bad Precedent” (?) Posted on 22/12/2023 (GMT 11:30 hrs) In continuation with I. THE TRAJECTORY OF METAMORPHOSIS: THE TALE OF NBFCs We had earlier asked the following question to the Department of Economic Affairs through our RTI dated 21/10/2023: 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)? To this question, after going through the trajectory of the said Ministry to the RBI and from the RBI to the NHB, the NHB gave a concluding reply on 17/11/2023: Dewan Housing Finance Corporation Limited (DHFL) was under the regulatory purview of the National Housing Bank (NHB) till 08-08-2019, Pursuant to the Department of Financial Services, Ministry of Finance Notification No. S.O.2902 (E) dated 09-08- 2019, the regulation of Housing Finance Companies (HFCs) has been transferred to th...

Soliciting for Annihilating the Suffering of the DHFL Victims: A Letter to Mr. Mallikarjun Kharge Soliciting for Annihilating the Suffering of the DHFL Victims: A Letter to Mr. Mallikarjun Kharge Posted on 19/12/2023 (GMT 16:45 hrs) To Mr. Mallikarjun Kharge, The Honourable President, Indian National Congress (INC) Sub: Soliciting for Annihilating the Suffering of the DHFL Victims Respected Mr. Kharge,  It is to be remarked that we are thoroughly inspired by your ardent dedication to the cause of revered Babasaheb’s radical “annihilation of caste” programme as part of the Buddhist egalitarian, democratic society of  karuṇā, maitrī  and  muditā . We, too, stand by 22 vows declared by Dr. Ambedkar in order to resist the Saffronization of the Indian socio-polity. At this hour of crony oligarchical onslaught, the flawless philosophy of  Siddhartha Gautama  teaches us the centrality of  suffering , both human and non-human. Therefore, we have used the ...