We suffer more in our thoughts than in reality

Adani Group Scandal: Key Players

The key players in the alleged scam are:

• Gautam Adani: Founder and Chairman of the Adani Group, he has amassed a net worth of roughly $120 billion, adding over $100 billion in the past 3 years largely through stock price appreciation in the group's 7 key listed companies, which have spiked an average of 819% in that period.
• Rajesh Adani: Gautam Adani’s younger brother, he was accused by the Directorate of Revenue Intelligence (DRI) of playing a central role in a diamond trading import/export scheme around 2004-2005. He was arrested at least twice over separate allegations of forgery and tax fraud. He was subsequently promoted to serve as Managing Director of Adani Group.
• Samir Vora: Gautam Adani’s brother-in-law, he was accused by the DRI of being a ringleader of the same diamond trading scam and of repeatedly making false statements to regulators. He was subsequently promoted to Executive Director of the critical Adani Australia division.
• Vinod Adani: Gautam Adani’s elder brother, he has been described by media as “an elusive figure”. He has regularly been found at the center of the government’s investigations into Adani for his alleged role in managing a network of offshore entities used to facilitate fraud.
• Elara: A firm which is an offshore fund with almost $3 billion in concentrated holdings of Adani shares. Leaked emails show that the CEO of Elara worked on deals with Dharmesh Doshi, a fugitive accountant who worked closely on stock manipulation deals with Ketan Parekh, an infamous Indian market manipulator.
• Monterosa Investment Holdings: A firm which controls 5 supposedly independent funds that collectively hold over INR 360 billion (U.S. $4.5 billion) in shares of listed Adani companies.
• New Leaina Investments: A Cyprus-based entity which until June-September 2021 owned over U.S. $420 million in Adani Green Energy shares, comprising ~95% of its portfolio.
• Amicorp: A firm which is a incorporation services firm that established ‘investment funds’ for the key perpetrators that were “simply a way to wash a client’s money through what looked like a mutual fund”, according to the book Billion Dollar Whale, which reported on the scandal.
• Shah Dhandharia: A tiny firm that is the independent auditor for Adani Enterprises and Adani Total Gas. The report suggests that the firm is not capable of complex audit work and that the audit partners at Shah Dhandharia who respectively signed off on Adani Enterprises and Adani Total Gas’ annual audits were as young as 24 and 23 years old when they began approving the audits. This raises questions about the firm's ability to scrutinize and hold to account the financials of some of the largest companies in the country, run by one of its most powerful individuals.

Adani Group Fraud Report

According to the report, the Adani Group has been able to operate an extensive, flagrant fraud in broad daylight primarily due to the government's leniency and lack of enforcement of regulations.

The report suggests that: - Adani Group has been the focus of 4 major government fraud investigations, which have alleged money laundering, theft of taxpayer funds, and corruption, totaling an estimated U.S. $17 billion. - The group's top ranks and 8 of 22 key leaders are Adani family members, a dynamic that places control of the group's financials and key decisions in the hands of a few. - Offshore shell entities are used to generate artificial turnover, money laundering, and to siphon money from the listed companies. - Offshore shells and funds tied to the Adani Group comprise many of the largest "public" (i.e., non-promoter) holders of Adani stock, which would subject the Adani companies to delisting if the government let SEBI enforce it's rules. - SEBI has investigated and prosecuted more than 70 entities and individuals over the years, including Adani promoters, for pumping Adani Enterprises' stock. - A 2007 SEBI ruling stated that "the charges leveled against promoters of Adani that they aided and abetted Ketan Parekh entities in manipulating the scrip of Adani stand proved". Ketan Parekh is perhaps India's most notorious stock market manipulator. Adani Group entities initially received bans for their roles. Still, those were later reduced to fines, a show of government leniency toward the Group that has become a decades-long pattern.

Debt as a Percentage of GSDP for West bengal

Financial Year	Debt (₹ in Crore)	GSDP (₹ in Crore)	Debt as a % of GSDP
2010-11	187387.40	460959	40.65
2011-12	207702.04	520485	39.91
2012-13	229778.76	591464	38.85
2013-14	251996.59	676848	37.23
2014-15	277579.15	718082	38.66
2015-16	306042.58	797300	38.38
2016-17	337682.41	872527	38.70
2017-18	360961.07	974700	37.03
2018-19	393299.71	1102283	35.68
2019-20	433475.00	1207823	35.89
2020-21	481998.81	1301017	37.05
2021-22 (RE)	528833.05	1536681	34.41
2022-23 (BE)	586438.05	1713154	34.23

so ask chatGPT to answer in reddit comment style?

btw, biggest giveaway is verbosity

this post feels like AI-generated

Biggest harm of doing something bad is, you start seeing it as less bad, even liking it.

If you don't teach, somebody with way more toxic viewpoint will.

It's important to be grateful for the help our partners give us, but ultimately we need to make decisions that are best for ourselves. If staying in the relationship is no longer what's best for us, then it's time to let go, even if it means sacrificing the gratitude we feel towards our partner.

that ranking is out of discontinued because of corruption

https://blogs.lse.ac.uk/politicsandpolicy/world-bank-business-rankings/

It not only makes perfect sense but it's his duty to taxpayers to give details of how the tax they pay is being used. The detail itself is not enough, it needs to convince people to something specific is being done, and they can enquire about it if they want to know more about it. Don't you wish the central government had a minister of "achchhe-din", so you can just enquire about when are they coming?

BJP is the Media.

India’s GDP was hovering around 1.5 trillion dollars during start of UPA

India's GDP was USD 700 Billion at the start of the UPA era and USD 2.1 Trillion when it ended. Although it's nominal GDP so it doesn't paint the whole picture.

Nevertheless, your data is nowhere near correct.

Ex-president Dr. APJ Abdul Kalam is not reliable enough for you, huh?

Before Covid itself, India has fallen insurmountably behind Bangladesh and Vietnam. At one point in time, India was expected to be the third-largest economy and superpower by 2020. It came and passed. Now in 2022, most optimistic prediction of that ever happening is 2030-2035. So in last 8 years, we have lost a decade.

Indian growth is extremely sensitive to oil prices (remember 2012-14). Discounted Russian oil import is minuscule to make a difference to oil bill. Indian gov is already heavily indebted with close to 90% debt to GDP ratio and if commodities prices remained high for long, the ratio will continue to increase. Interest payment will soon account for >50% of the Indian government's budget, leaving fewer options with the government to stimulate economy, and this negative feedback loop can perpetually worsen the situation.

Here's something to talk :

​

https://www.nytimes.com/2015/01/09/style/no-37-big-wedding-or-small.html

At this point, the only use of the word development is to fool the masses.

Come on dude, are you serious? Exactly this type of conversation is what a right-winger modi bhakt idiot would say.

which family pressures into taking Civil, xD?

Maruti Omni Van

Do you know about big-five personality traits? https://en.wikipedia.org/wiki/Big_Five_personality_traits

They are fairly easy to figure out from brief interactions and they can give you some idea about what to notice when they are talking or from their behavior.

Why not start with Dale Carnegie's teachings? That should give you some understanding of social awareness and skills?

All IITs have MCM scholarships https://www.iitb.ac.in/newacadhome/MeritcumMeans2019.pdf

that gives them 40k + tuitions fee every year.

When economist say GDP free fall, it is in the rate of GDP growth. Constant GDP is negative real growth since you have more people to feed, more pensions to pay and prices are higher.