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“Crony Capitalism” As an Economic Strategy by Prabhat Patnaik https://peoplesdemocracy.in/2023/0212_pd/%E2%80%9Ccrony-capitalism%E2%80%9D-economic-strategy
Adani’s invoking nationalism was debunked by Hindenburg on the grounds that fraud does not disappear if the fraudster shrouds himself in a nationalist cloak; this would be true if the nation’s interest was somehow independently and objectively defined, but if the nation’s interest is simply taken to be identical with the interest of the Modi-Adani duo, then this accusation loses validity. Adani’s defence was based precisely on assuming this identity.
“Crony capitalism” under the Modi dispensation by contrast is elevated to the status of an economic strategy and is pursued confidently as being in the “national interest”... Not instituting an inquiry into the affairs of the Adani empire would be impossible, for it would be an act lacking any credibility in global financial circles; likewise an inquiry that finds the Adanis to be pure and lily-white will carry no credibility in global financial circles. Hence the Adanis will have to face some punitive action no matter how light.
..This entire episode has been a particular manifestation of the contradiction between the globalisation of capital and any notion of the nation-State, including what purports to be, though implicitly, a “Hindu” nation-State. The contradiction arises not because globalisation is a rectifying process that brooks no wrong-doing; it arises because under globalisation competition between capitals occurs at a level where no single nation-State can snuff it out.
Supreme Court नहीं पहुँची Adani की SEBI Report News Nasha
14 Aug 2023 https://www.youtube.com/watch?v=dsFucvBlN0k
SEBI seeks more time on Adani-Hindenburg report: https://indianexpress.com/article/explained/explained-economics/sebi-adani-hindenburg-report-case-timeline-8892362/ The Securities and Exchange Board of India (SEBI) has filed an application in the Supreme Court seeking 15 more days to conclude its inquiry in the Adani-Hindenburg case. The regulator has said it has “substantially progressed” in its investigations.
https://www.businessinsider.in/business/corporates/news/sebi-report-on-adani-group-market-regulator-seeks-15-more-days-from-sc/articleshow/102717140.cms This is the second extension that the markets regulator has sought from the apex court. Sebi is awaiting information it has sought from foreign entities, regulators and agencies.
The Supreme Court appointed 6-member panel has found no wrongdoing by the Adani Group..... The three key areas the SC appointed committee was looking into were: 1) Violation of Minimum Public Shareholding norms, 2) Disclosure of transactions with related parties in accordance with the law and 3) Stock price manipulation. The report says that prima facie there is no violation of existing laws or market regulations. .. A violation of MPS norms would have been proven if the ultimate beneficiary of these 13 foreign portfolio investors (FPIs) could be in any way traced back to the promoters of Adani Group..
Rahul Gandhi सब्जीवाले Rameshwar को घर बुलाकर मिले, BJP ने ‘कॉलर माइक’ पकड़ कैसे घेरा? https://www.youtube.com/watch?v=PscS0vFLwM8 Aug 14, 2023
• किसान टमाटर ₹40 में बेचता है तो आपतक ₹200 में कैसे पहुंचता है?...https://www.youtube.com/watch?v=YWJvBgQpUkQ
Rameshwar Interview-
• मेरी उम्र देश को लग जाए’ Viral सब्जीवाले Rameshwar ने गरीबी पर बोल Rahul Gandhi से क्या कहा?. https://www.youtube.com/watch?v=BpPxEaeMwwA
Rahul Gandhi has shared this picture, which is now viral on social media. Along with him is Rameshwar, the same vegetable seller who met the Lallantop team at Delhi's Azadpur mandi. On July 27, Lallantop had reported the name 'Thele Se Khet Tak' on the inflation of tomatoes. A chunk of the report started going viral on social media after 4 days. In which Rameshwar, who sold vegetables, got emotional on inflation while carrying an empty handcart.
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