Reflections

In   the month a product of a company gets recalled due to performance issues in one country – it gets approval in another country. This statement is by itself more than enough to start a series of questions in your mind; starting with - how could it be so careless, or worse?   The same product, as per news reports, mind you. The deeper you go into the case, the more the questions that arise. Despite being aware of complaints, the said company went ahead with imports of that product. It gets even more murkier as you go into the case further. Be that as it may; my article is not about that case; so let me just be circumspect. Suffice it to state that the above is basis a real story, mint-fresh and of latest vintage. A current news – though you would not know it, as only one Newspaper has complete damning coverage in the 5 that I checked. 1 of these 5 was silent on this; 3 had incomplete coverage. A side-thought here – that last bit seems just bit too coincidental,...

BLACK MONEY AND TAX HAVENS Black Money has been the hot topic of discussion on Social Media as well as in the regular Media for several years now; yet, few books have come to my notice that deal with this topic. The current book under review – Thin Dividing Line : India Mauritius and Global Illicit Financial Flows by Paranjoy Guha Thakurta & Shinzani Jain is one book that breaks this trend, and takes a deep and in-depth look at at least one aspect of this matter in a no-holds barred factual and detailed analysis of Global “Hot Spots” aka Tax Havens. This is not easy territory to tread on; quite the reverse in fact. This is a complex topic at the best of times – in fact, it is more than complex. It does not make for easy study, or compilation, or sources, or indeed availability of facts and resources. You cant pick your facts easily; you have to hunt, study, research and go deep, be a miner and dig deeper than deep. This is also an approach that is bound to cause exce...

WELLS FARGO BACKDROP One of the latest videos running viral on Social Media currently is the brilliant takedown of the Wells Fargo Top Man by a Senator, an excellent demonstration of interrogative skills, diligent and fair research, and deep domain expertise combined into one devastating argument. For the unaware, in very short, The Well Fagro account fraud scandal is an ongoing controversy brought about by the creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent. Various regulatory bodies, including the Consumer Financial Protection Bureau (CFPB), fined the company a combined $185 million dollars as a result of the illegal activity, and the company faces additional civil and criminal suits. You can read more on it here : Wells Fargo Accounts Scandal - Wiki THE SITUATION IN INDIA - A REAL WORLD EXAMPLE – TRUE CASE While I agree with the general contention of all who have voiced a regret that this is not ...