Once in a Blue Moon Academia (OBMA)

 Requesting for Reconsidering the Decision of Readmission by Reconsidering prārabdha and sañcita Credits Requesting for Reconsidering the Decision of Readmission by Reconsidering prārabdha and sañcita Credits Posted on 25/11/2023 (GMT 07:00 hrs) To  The Honourable Chairman, University Grants Commission (UGC) To The Honourable Vice Chancellor,  Indira Gandhi National Open University (IGNOU) Sub: Requesting for Reconsidering the Decision of Readmission by Reconsidering prārabdha and sañcita Credits Dear Sirs, As a wilful prodigal person in academiocracy (market-based academic bureaucracy) and a veteran research activist, I wish to bring into your notice the following points regarding  retrospective effect  of some rules and regulations that bar the continuous academiocratic practices: the search for wis(h)dom. Firstly, I am trying to show two apparently unrelated instances (as analogy) of rule of the law before going to the main topic of my concern.   1.  In the case of TADA and POTA, th

 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