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Advice
Bolster dispute platform, skip ombudsman creation
Smart ODR has worked well, resolving about 75% of the disputes referred to it within three months. It has enabled disputes to be resolved far faster than courts and without requiring SEBI to decide individual cases. What it lacks, however, is institutional memory. Because arbitration orders are not published, each dispute starts from scratch, and the same questions keep recurring—making arbitration efficient in the moment, but wasteful in the long run.
January 27, 2026
Advice
Cryptos Risks are Structural, its Returns are not
Ganesh’s winning bet in the 1983 World Cup final was worthless because it was unenforceable. Crypto carries a similar risk. Even when prices move in your favour, weak regulation, custody failures, fraud, and legal irreversibility can wipe out gains entirely. As crypto returns compress toward levels seen in traditional assets, its risks remain open-ended. Without enforceability or recourse, a “winning” investment can still end in total loss—making crypto suitable, at best, only for speculative “mad money,” not for serious financial goals.
January 12, 2026
Banking
Unclaimed Assets: Easy Searchability, Not Opacity, Cuts Fraud
India’s ₹2 lakh crore pile of unclaimed assets remains largely out of reach not because citizens are unwilling to claim them, but because the system makes discovery nearly impossible. Official portals demand prior knowledge of assets, defeating their very purpose. As a result, meaningful restitution is rare, while private intermediaries succeed where the state does not. Without a unified, searchable database focused on discovery, initiatives like Aapki Poonji – Aapka Adhikar risk becoming symbolic rather than transformative. Truth be told, transparency—not opacity—is the real safeguard against fraud.
December 29, 2025
Uncategorized
How options trading became India’s new smoking habit
Once romanticised like smoking in 1960s cinema, options trading has become India’s new aspirational vice. Cloaked in technical jargon and regulatory legitimacy, it promises quick wealth while quietly delivering losses—over 93% of retail traders lose money. Recent SEBI orders expose an ecosystem of sophisticated extraction and misleading “education.” If options trading is to be deglamourised, regulation alone won’t suffice; it will require sin taxation, punitive treatment of speculative gains, and sustained cultural signalling—much like the long battle that stripped cigarettes of their allure.
December 15, 2025
