Sucheta Dalal: Mumbai, Scam Investigation, Sucheta Dalal's Blog
Sucheta Dalal

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Welcome, This site is an archive of my recent work. More importantly, I hope this will be a meeting place for like-minded people interested in development issues, good governance, consumer rights and investor protection.

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  • Nomura expects stock market to correct in the coming months
    May 25, 2013
    Its proprietary indicator, NESII, or the “surprise indicator”, feels that optimism in the market has gone one step too far and a turning point could be inevitable
    Comments
  • Chit Funds: Not just new laws; implementation is the key
    May 23, 2013
    While there are enough provisions in existing Acts like the PCMCS Act, it has become difficult to curb dubious chit funds and MLM companies so far, thanks to multiple regulation and lack of coordination between authorities
    Comments
  • Maharashtra CIC directs police to publish FIRs on its website
    May 23, 2013
    Uploading all FIRs, except a few, would curb illegal gratification being paid by the accused to obtain a copy of the report and soon denial of FIR would be a thing of the past in Maharashtra
    Comments
  • Commodity prices falling due to weak demand, not just strong dollar
    May 23, 2013
    The conventional wisdom is that commodity prices go down when the dollar rises. But the recent weakness in commodities is not just due to a higher dollar, says Credit Suisse. Weak economic data coupled with slack in demand are the major reasons
    Comments
  • Phaneesh Murthy iGate scandal: Time for Directors and Officers insurance?
    May 23, 2013
    A third sexual harassment case against Phaneesh Murthy’s should wake up the corporate sector to insurance for Directors and Officers that also covers liability due to financial misstatements, sexual harassment and vulnerability to stakeholder claims, but Indians companies seem to be slow in getting such protection
    Comments
  • Can traders create a “vote bank” to assert themselves?
    May 23, 2013
    More than five crore traders in the unorganized sector are providing livelihood to more than 22 crore people, according to a traders’ lobby. Fed up with “anti-trader” policies they want to assert themselves politically
    Comments
  • RTI exposes a revenue loss of Rs25,000 crore in Maharashtra
    May 23, 2013
    Would you believe that Maharashtra loses over Rs25,000 crore annually because of carelessness or corruption, and this has not been exposed so far?
    Comments
  • Sound, Fury and the IRS Mess in the US
    May 23, 2013
    The uproar over the IRS scandal last week reinforces the point that much of the heat is just the latest expression of Washington cynicism and its consequences -- that the talk show hosts and their fellow travellers, and the representatives and senators and officials in the executive branch, aren't really looking for answers here. They're just putting on a show
    Comments
  • Sunlight: The ‘be all and end all’ of human health
    May 23, 2013
    The sun teaches two important lessons: it does not make any difference and shines on everyone, rich or poor showing us the universality of existence. The more important lesson that the sun teaches us is humility, the kingpin for good health and happiness. The sun has been burning for so long without exhausting his fuel!
    Comments
  • Impending issues may create huge shortage of coal
    May 23, 2013
    By 2017, the demand for coal will reach a staggering 980 million tonnes whereas the supplies are expected to touch not more than 795 MT. There is, therefore, the urgent need to handle the issue in a war footing rather than admitting that there are delays due to factors of our own making—such as state government, ministerial and environmental clearances and so on
    Comments
  • RTI Judgement Series: CBI enquiry of AAIDU in distance education scam
    May 23, 2013
    The applicant was seeking to know why the DEC did not recommend UGC for a CBI enquiry against Allahabad Agricultural Institute-Deemed University (AAIDU). The CIC noted this as an important issue, but said it can only ensure delivery of information and cannot order an enquiry. This is the 97th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be used or quoted in an RTI application
    Comments
  • RTI Judgement Series: An old woman’s struggle of over 15 years to get family pension
    May 21, 2013
    The illiterate old woman was not receiving her family pension for over 15 years after her husband's death. When the complaint reached the CIC, the PIO promised to make sure that she received her due pension payment. This is the 95th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be used or quoted in an RTI application
    Comments
  • Make ‘basic’ banking services free! –Part-I
    May 21, 2013
    In the first part of this two-part series we identify certain basic services rendered by every bank, and ensure that these services are offered free of all charges across the board, so that every customer is treated fairly, equitably and in a non-discriminate manner
    Comments
  • China food scandals: Will the government act against own companies?
    May 21, 2013
    Continuing food scandals in China do bring up a question, perhaps far more disturbing. If the government cannot protect babies or its people, how much protection do investors or markets get?
    Comments
  • Garnering money has never been easy as regulators are still in slumber!
    May 21, 2013
    Do not ask the investors’ for PAN number, address proof or for any KYC. Just promise huge returns in few months and give 35-40% commission to agents and voila! You can garner any amount of money from people, both educated or uneducated living in urban and rural areas. And don’t worry about the regulators. They would be the last one to know about your fortune
    Comments
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  • Ann Gill Sep 05, 2010:

    Dear Sucheta, I have spent days sercing various sites, including SEB,I f ...
  • Rajendra Kumar Surana Sep 01, 2010:

    Respected Madam, I shall be highly obliged to receive your ...
  • Husain Lokhandwala Aug 29, 2010:

    respected madem, when ever capital market is in rising trend many i ...
  • M V Mohanrao Aug 28, 2010:

    Dear Madam, Under the present conditions, is it possible for us to get ...
  • Mohan Konyala Aug 28, 2010:

    Hi Ms. Sucheta I have come across your blog as I am in the process of fi ...
  • Anand Shankar Mall Aug 27, 2010:

    i happened to read your article as a friend forwarded me your article via m ...