A charming 6 minute video of India’s First Republic Day parade.Hat Tip Deepak Mohoni
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Author: Raoji
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Bhave Vs Subrata Roy
One afternoon in June 2010, following normal practice, Roy was ushered into a meeting room adjacent to the Sebi chairman’s room on the seventh floor of Sebi Bhawan, the headquarters. According to Sebi insiders, their conversation went something like this:
Roy: The Reserve Bank has prejudiced Sebi officers. They are taking a negative view on Sahara’s (initial public offering) application without justification.
Bhave: What’s the issue? They are yet to get information they had asked for. Where’s the bias? Submit the information. We can have another meeting on this…
Roy: We have taken legal opinion and we are not required to send the information to Sebi.Bhave: Sebi is not concerned about the legal opinion. Sebi has asked for the information and it needs to be submitted.
Roy: They are voluminous… It’s summer and many of my people have gone on leave. It’s difficult to collate all information.
Bhave: Let the employees come back from their summer holiday. We will wait.
Roy: If you can clear the application meanwhile…
Bhave: No, no… That can’t happen. We need to scrutinise…
Roy (suddenly standing up): Bus, itna hi? (That’s all?)
(He had possibly expected the Sebi chief to hint at a way out after Sahara had exerted much pressure on the regulator, but Bhave seemed unperturbed.)
-from BusinessToday
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Weekend Mega Linkfest:Jan 24,2014
Some interesting off beat reads for the weekend:
The Biggest Misconception about birds (Smithsonian)
The brazenness of Bollywood (Open)
Residential investments in small towns are safer (ForbesIndia)
Law suits of the rich and famous (Newslaundry)
Gallery Chemould:The dreamers (Caravan)
Theatre of the AAPsurd (Tehelka)
Will one more female Billionaire make a difference? (NewYorker)
The last days of Blackbeard the Pirate (Smithsonian)
Last man fighting (Economist)
The pleasures of an all-women vacation (NYMag)
The shockingly low salaries of professional cheer leaders (Atlantic)
The Battle Clouds Loometh (GreatBong)
Rajgira is a superfood you should start eating (MumbaiBoss)
Travelogue:Ajanta and Ellora Caves (TeamBHP)
This is Danny Pearl’s final story (Washingtonian)
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