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[enquireindia]

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[metamatar]

Since the early days of British involvement with Zionism, Churchill sanctioned the dispossession of non-Jewish Palestinians by assuring that they have no voice in the affairs of their own land. “In the interests of the Zionist policy,” he stated in August 1921 as the government minister in charge of Britain’s colonies, “all elective institutions have so far been refused to the Arabs.”

A snapshot of Churchill’s stances on Palestine and race is found in the records of the 1937 Peel Commission hearings, convened to address a major revolt in Palestine. [...]

Horace Rumbold [...] asked whether Zionist policy is worth “the lives of our men, and so on.” And did it follow, he asked Churchill, that having “conquered Palestine we can dispose of it as we like?”

Churchill replied to that and similar questions by invoking commitments given when Britain captured Palestine toward the end of 1917. “We decided in the process of conquest of [Palestine] to make certain pledges to the Jews,” Churchill said.

Apparently skeptical, the head of the commission, William Peel, asked Churchill if it is not “a very odd self-government” when “it is only when the Jews are a majority that we can have it.”

Churchill responded with a blunt argument of might: “We have every right to strike hard in support of our authority.”

The historian Reginald Coupland nonetheless told the hearings that the “average Englishman” would wonder why the Arabs were being denied self-government, and why we had “to go on shooting the Arabs down because of keeping his promise to the Jews.”

Peel, similarly, asked Churchill if the British public “might get rather tired and rather inquisitive if every two or three years there was a sort of campaign against the Arabs and we sent out troops and shot them down? They would begin to enquire, ‘Why is it done? What is the fault of these people?… Why are you doing it? In order to get a home for the Jews?’”

“And it would mean rather brutal methods,” added Laurie Hammond, who had worked with the British colonial administration in India. “I do not say the methods of the Italians at Addis Ababa,” referring to Benito Mussolini’s Ethiopian massacre of February 1937, “but it would mean the blowing up of villages and that sort of thing?” The British, he recalled, had blown up part of the Palestinian port city of Jaffa.

Peel agreed, and added that “they blew up a lot of [Palestinian] houses all over the place in order to awe the population. I have seen photographs of these things going up in the air.”

But when Peel questioned whether “it is not only a question of being strong enough,” but of “downing” the Arabs who simply wanted to remain in their own country, Churchill lost patience.

“I do not admit that the dog in the manger has the final right to the manger,” he countered, “even though he may have lain there for a very long time.” He denied that “a great wrong has been done to the Red Indians of America, or the Black people of Australia,” by their replacement with “a higher grade race.”

[fatehbaz]

when the Empire's researchers realized that the cause of the ecological devastation was the Empire:

much to consider.

on the motives and origins of some forms of imperial "environmentalism".

---

Since the material resources of colonies were vital to the metropolitan centers of empire, some of the earliest conservation practices were established outside of Europe [but established for the purpose of protecting the natural resources desired by metropolitan Europe]. [...] [T]ropical island colonies were crucial laboratories of empire, as garden incubators for the transplantation of peoples [slaves, laborers] and plants [cash crops] and for generating the European revival of Edenic discourse. Eighteenth-century environmentalism derived from colonial island contexts in which limited space and an ideological model of utopia contributed to new models of conservation [...]. [T]ropical island colonies were at the vanguard of establishing forest reserves and environmental legislation [...]. These forest reserves, like those established in New England and South Africa, did not necessarily represent "an atavistic interest in preserving the 'natural' [...]" but rather a "more manipulative and power-conscious interest in constructing a new landscape by planting trees [in monoculture or otherwise modified plantations] [...]."

Text by: Elizabeth DeLoughrey and George B. Handley. "Introduction: Toward an Aesthetics of the Earth". Postcolonial Ecologies: Literatures of the Environment, edited by DeLoughrey and Handley. 2011. [Text within brackets added by me for clarity and context.]

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British colonial forestry was arguably one of the most extensive imperial frameworks of scientific natural resource management anywhere [...]. [T]he roots of conservation [...] lay in the role played by scientific communities in the colonial periphery [...]. In India, [...] in 1805 [...] the court of directors of the East India Company sent a dispatch enquiring [...] [about] the Royal Navy [and its potential use of wood from Malabar's forests] [...]. This enquiry led to the appointment of a forest committee which reported that extensive deforestation had taken place and recommended the protection of the Malabar forests on grounds that they were valuable property. [...] [T]o step up the extraction of teak to augment the strength of the Royal Navy [...] [b]etween 1806 and 1823, the forests of Malabar were protected by means of this monopoly [...]. The history of British colonial forestry, however, took a decisive turn in the post-1860 period [...]. Following the revolt of 1857, the government of India sought to pursue active interventionist policies [...]. Experts were deployed as 'scientific soldiers' and new agencies established. [...] The paradigm [...] was articulated explicitly in the first conference [Empire Forestry Conference] by R.S. Troup, a former Indian forest service officer and then the professor of forestry at Oxford. Troup began by sketching a linear model of the development of human relationship with forests, arguing that the human-forest interaction in civilized societies usually went through three distinct phases - destruction, conservation, and economic management. Conservation was a ‘wise and necessary measure’ but it was ‘only a stage towards the problem of how best to utilise the forest resources of the empire’. The ultimate ideal was economic management, [...] to exploit 'to the full [...]' and provide regular supplies [...] to industry.

Text by: Ravi Rajan. "Modernizing Nature: Tropical Forestry and the Contested Legacy of British Colonial Eco-Development, 1800-2000". Oxford Historical Monographs series, Oxford University Press. January 2006.

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It is no accident that the earliest writers to comment specifically on rapid environmental change in the context of empires were scientists who were themselves often actors in the process of colonially stimulated environmental change. [...] [N]atural philosophers [...] in Bermuda, [...] in Barbados and [...] on St Helena [all British colonies] were all already well aware of characteristically high rates of soil erosion and deforestation in the colonial tropics [...]. On St Helena and Bermuda this early conservationism led, by 1715, to the gazetting of the first colonial forest reserves and forest protection laws. On French colonial Mauritius [...], Poivre and Philibert Commerson framed pioneering forest conservation [...] in the 1760s. In India William Roxburgh [and] Edward Balfour [...] ([...] Scottish medical scientists) wrote alarmist narratives relating [to] deforestation [...]. East India Company scientists [...] [including] Roxburgh [...] went on to further observe the incidence of global drought events [...]. The writings of Edward Balfour and Hugh Cleghorn in the late 1840s in particular illustrate the extent of the permeation of a global environmental consciousness [...]. [T]he 1860s [were] a period [...] which embodies a convergence of thinking about ecological change on a world scale [...]. It was in the particular circumstances of environmental change at the colonial periphery that what we would now term "environmentalism" first made itself felt [...]. Victorian texts such as [...] Ribbentrop's Forestry in the British Empire, Brown's Hydrology of South Africa, Cleghorn's Forests and Gardens of South India [...] were [...] vital to the onset of environmentalism [...]. This fear grew steadily in the wake of colonial expansion [...] particularly [...] after the great Indian famines of 1876 [...].

Text by: Richard Grove and Vinita Damodaran. "Imperialism, Intellectual Networks, and Environmental Change: Origins and Evolution of Global Environmental History, 1676-2000: Part I". Economic and Political Weekly Vol. 41, No. 41. 14 October 2006

---

The “planetary consciousness” produced by this systemizing of nature [in eighteenth-century European science] […] increased the mobility of paradise discourse [...]. As European colonial expansion accelerated, the homogenizing transformation of people, economy and nature which it catalyzed also gave rise to a myth of lost paradise, which served as a register […] for obliterated cultures, peoples, and environments [devastated by that same European colonization], and as a measure of the rapid ecological changes, frequently deforestation and desiccation, generated by colonizing capital. On one hand, this myth served to suppress dissent by submerging it in melancholy, but on the other, it promoted the emergence of an imperialist environmental critique which would motivate the later establishment of colonial botanical gardens, potential Edens in which nature could be re-made. However, the subversive potential of the “green” critique voiced through the myth of endangered paradise was defused by the extent to which growing environmental sensibilities enabled imperialism to function more efficiently by appropriating botanical knowledge and indigenous conservation methods, thus continuing to serve the purposes of European capital.

Text by: Sharae Deckard. Paradise Discourse, Imperialism, and Globalization: Exploiting Eden. 2010.

[stephensmithuk]

The Sign of Four: The Strange Story of Jonathan Small (Part Two of Two)

CW for graphic discussion of war crimes.

Sepoy was a term, derived from the Persian sepāhī meaning "infantry soldier", that was used to refer to Indian soldiers, generally with muskets, in the Mughal Empire's armed forces and also Maratha Army. Europeans then used the term to refer to Indians in their colonial forces. One of the names of the rebellion was the Sepoy Mutiny.

Today, Sepoy is the equivalent of "Private" in the Indian and Pakistani armies.

Cawnpore, now Kanpur, was the scene of a siege of East India Company forces and associated civilians in 1857. The EIC surrendered in return for safe passage offered by Nana Sahib, leader of the rebellion on the area. Then, for unclear reason, the departing men, women and children were attacked - no definitive evidence that Sahib authorised this has been found. All the men were killed, with the surviving women and children taken to a villa called Bibighar. 22 days later, although some sepoys refused the order, they were nearly all massacred, with their naked bodies thrown down a well. The British arrived the next day to recapture the city and then carried out horrific summary justice against any rebels who could not prove their innocence. Space precludes me from covering it in depth.

Historically, treason, like the rajah has basically done, would result in Parliament passing an act of attainder, basically seizing your entire personal property plust titles without any judicial process. Not sure what the East India Company's rules were on that. The US constitution specifically bans Congress and the states from passing any bills of attainder.

I'd need to enquire about this, but EIC sepoys apparently swore loyalty to the salt they had eaten, hence the term "true to their salt".

A postern is a side entrance in a city or castle wall, usually concealed so it can be used for stealthy entrances and exits; it could also be used during a siege for the defenders to make an attack on their besiegers. The foundations of one from the London Wall can be seen next to the Tower of London.

A firelock is a musket where the powder is ignited by sparks, either from a lit match or friction from a piece of flint.

The wet season in India lasts from around June to September, when 80% of the annual rainfall occurs. This is vital for Indian agriculture and delays in it occuring can cause real problems. In any event, you get near-daily thunderstorms and torrential downpours. This can result in roads getting badly damaged and flooding in places with poor drainage. Bollywood is a particular fan of romantic scenes involving monsoons, because they allow for sexy wet people.

I believe a mound-heap is another term for midden, an outside dump for all sorts of domestic waste, ranging from broken pottery to animal bones to human waste. Archaelogists are particular fans of them as they provide evidence of past human habitation of a sight. Poor people in Victorian London would search through them for any items of value.

The British last executed someone by firing squad in 1941 when Josef Jakobs, a German NCO convicted of spying was shot at the Tower of London. Two American soldiers would be shot at Shepton Mallet in 1944 for murdering fellow soldiers.

Before the introduction of compulsory recording of police interviews in 1992, records of interviews were generally made from notes taken during the interview or even the officers' memory, with associated problems. The interviewee would then be asked to sign the official record, something frequently refused, especially if it looked like they were signing a confession. It was also pretty common for police to engage in "verballing" i.e. falsifying the record to make it appear there had been a confession.

"The first water" means the diamonds were of the highest quality, basically having the appearence of clear water.

Commutations of death sentences were in fact quite common, especially for lower-level offences. If you see "death recorded" in a trial transcript, it means that the judge had to pass the death sentence, but clearly intended for there to be a pardon or commutation. This often occurred for sodomy convictions.

Mount Harriet is a 383-metre high hill today called Mount Manipur.

A military officer who went bankrupt, especially for gambling debts, was going to lose his commission at best. Bankruptcy is still going to be a real concern in any armed forces today, especially for your security clearance.

It is around 375 miles as the metaphorical crow flies (crows are not sea birds) to Myanmar, then Burma and a British colony. The only place you could reasonably reach from Port Blair that was not under some form of British control was Siam (now Thailand), which remained independent throughout the imperial era, except when Japan invaded it in 1941.

Yawl has several definitions, including a sail layout commonly used for racing yachts in this period.

The belief that the Andaman indigenous people were cannibals appears to have come from the account of Marco Polo.

Hundreds of people tried to escape from the Andaman penal colony, including 288 of the initial 1858 arrivals, a third of those who survived the original journey. However, the thick jungle and "the murderous attacks of the savage aborigines", as military doctor and original governor James Pattison Walker put, led to 81 survivors limping back to Port Blair. They asked for mercy and medicine. Walker had them and seven other recaptured prisoners all hanged the same day. Many who got off the island likely drowned.

Two prisoners in 1872 managed to get all the way to London, after convincing a British vessel they were shipwrecked fishermen. However, the manager of the Strangers Home for Asiatics in London where they ended up got suspicious, took photographs of them and sent them around the empire. That led to their recapture.

The calabash fruit, also known as the gourd, can be turned into bowls or other containers. Gourd is also a slang term for "mind".

The pilgrims sailing from Singapore to Jiddah (or more usually Jeddah) would likely have been heading for Mecca to take part in the hajj. This a pilgrimage considered one of the five pillars of Islam and mandatory at least once in a lifetime for any Muslim with the physical and financial ability to do it. Modern travel has made this a lot less hazardous - past pilgrims faced dangers including piracy, with even some of the Caribbean pirates sailing around Africa to attack ships for the treasures that might be going with them. At least until they reach Mecca, when everyone dresses in the same simple clothing.

At the time of this story, Jeddah, Mecca and Medina were in the Vilayet of the Hejaz, a province of the Ottoman Empire.

The 1445/2024 Hajj, ongoing as I post this, has attracted 1.833 million pilgrims. These numbers have caused stampedes and spread of disease; this year has also seen deaths due to heat stroke in 48 degrees Celsius temperatures. The Saudi authorities have taken various measures to improve safety, including registration requirements and improvements to the site layout provide escape routes.

From Jeddah (and other places in the region), pilgrims would historically travel to Mecca in large camel caravans with military escort as protection against bandit attacks. Today, Jeddah is home to the biggest airport in Saudi Arabia with a dedicated and distinctive terminal for the pilgrimage, as the vast majority of pilgrims arrive via air today. From there, modern roads and a new high-speed railway provide easy access to the holy sites.

Performing in "freak shows" was one of the few ways that severely disabled people could earn a living in these period - it was often that, begging or the workhouse; Joseph Merrick could not hold down any other employment because of his appearance. People with microcephaly i.e. a smaller than usual head were passed off as "missing links". However, by 1888, public opinion was turning against such acts.

[nasminstitutes]

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[bridgertonbabe]

Meddling Violet au: Can we get more insight of Anthony plotting to single-handed destroy every ship in England and after realizing it’s impossible go full madman to marry Kate?

Failing to convince Mary and the Bagwells to stay in Britain, Anthony tries to come up with alternate solutions to keep Kate and her family from leaving the country.

At first he thinks he could frame Bagwell for treason and have the man imprisoned, though on second thoughts he's pretty sure Kate would never forgive him for having an innocent man jailed.

Then he reckons if he set Mary up with some wealthy nobleman that she would stay put and so would her daughters. However Mary Sharma is very much not impressed with the amount of older gentlemen who keep sidling up to her at balls and enquiring if she's interested in remarrying, much to Anthony's growing vexation as he watches on from the other side of the ballroom behind a pillar.

He even pulls Mr. Bagwell aside at the gentlemen's club and privately asks if he's in any financial straits, thinking that might be the reason why the family are planning to leave the country. However much to Anthony's frustration money isn't an issue at all as Bagwell explains that his wife and mother-in-law simply miss residing in India.

At this point Anthony is at the end of his tether, losing his grip on rational thinking and thus starts genuinely thinking through the logistics of destroying every single ship in Britain in order to prevent Kate and her family from ever leaving. He gets so invested in his deranged scheme that he actually seeks out Simon to go over and verify the numbers for him. Simon just stares at him in utter disbelief, having initially believed Anthony was having a joke and then becoming incredibly concerned by the mad glint in his brother-in-law's eye.

"Anthony." Simon exhales, pinching the top of his nose in despair. "Wouldn't the easier solution simply be to marry Miss Sharma? Instead of, you know; single-handedly destroying every last boat and firing cannonballs at any incoming ships???"

At which point the fog of insanity clouding Anthony's mind clears, realising that marrying Kate is in fact the easiest method to keep her from leaving and right away runs all the way over to the Bagwell residence, barging in and dropping to one knee in the middle of the ladies tea, and asking Kate to marry him as he shoves the ring on her finger much to her astonishment.

[umaweb]

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[theresearchblog]

Online Recruitment Platform Market Detailed Strategies, Competitive Landscaping and Developments for next 5 years

Latest released the research study on Global Online Recruitment Platform Market, offers a detailed overview of the factors influencing the global business scope. Online Recruitment Platform Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Online Recruitment Platform The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are LinkedIn (United States), Monster (United States), Indeed (United States), CareerBuilder (United States), Naukri.com (India), Seek Limited (Australia), Zhilian Zhaopin (China), DHI Group, Inc. (United States), SimplyHired, Inc. (United States), StepStone (Germany),

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Online recruitment platform is also known as E-recruitment or an internet recruiting platform that allows businesses to use various internet-based solutions for online advertisement and job listing to hire the best candidate for the particular job role. In today’s time increasing use of internet and evolution of advanced technologies has made easier to scout candidates and conduct the interview. The platforms offer facilities for job seekers to upload their details and resumes online.

Market Drivers:

Increasing Use of Online Recruitment Platforms for Potential Talent Scouting Across the Globe

Increasing Use of the Internet and Advanced Technologies to Reach Bigger Audience

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High Adoption by the SMEs Due to Its Cost-effectiveness and Flexibility

Market Trend:

Development of Innovative Features in Online Recruitment Applications by the Providers

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by Type (Permanent, Part-Time, Internship), Vertical (BFSI, IT & Telecom, Healthcare, Food & Beverages, Real Estate, Travelling & Hospitality, Media & Entertainment, Automotive, Others), Enterprise Size (Small & Medium Enterprises, Large Enterprises)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Chapter 2: Exclusive Summary – the basic information of the Online Recruitment Platform Market.

Chapter 3: Displayingthe Market Dynamics- Drivers, Trends and Challenges of the Online Recruitment Platform

Chapter 4: Presenting the Online Recruitment Platform Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying market size by Type, End User and Region 2015-2020

Chapter 6: Evaluating the leading manufacturers of the Online Recruitment Platform market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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Data Sources & Methodology The primary sources involves the industry experts from the Global Online Recruitment Platform Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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[radical-revolution]

... when you are enquiring into confusion which means disorder, how does disorder come about in every human being? Disorder implies contradiction, firstly. Right? Disorder implies, saying one thing and doing another in which there is no integrity, no honesty. Disorder implies the incapacity to see clearly, and when you see clearly there is no choice. So choice exists when there is confusion. I wonder if you accept all this. It is only a man that is confused who says, 'I am going to choose'. When the thing is very clear, there is no choice, you just do according to that clarity. But if you notice, our existence is based on choice and the pursuit of will. Will is the very essence of choice. I wonder if you follow all this?

J. Krishnamurti

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[white-light-on-my-prism]

Okay so I figured this might be a good time to share my origin story of becoming a Lionel Messi fan!

(Even if it isn't, my unhinged a** is gonna do it anyway, so enjoy:))

2014 world cup era. My dad has always been obsessed with football in general, and Maradona in particular, so of course he was supporting Argentina out of hangover. My little cousin sister from America had come down to live in India for six months, and in that time we shared not only all our toys, but also headcanons regarding their world, their personalities and their future. As life would have it, we TOTALLY COINCIDENTALLY also happened to possess this clay toy horse named 'Messi', because he was messy. And when the WC started and my dad started yelling Messi Messi at a game, my sis and I obviously went to enquire why our horse had suddenly become so relevant. Then we got to know of Leo's (legendary, spectacular, beautiful, marvellous) existence, and began ROOTING for him throughout the tournament, just because his name matched with the name of our horse. We had absolutely no other context, but that didn't make our devotion superficial. In fact, we prayed every morning so that "Messi" and his team would qualify for the next stage, and we both fought our South-Asian household as kids to stay up till 1 or 2 in the night, I guess, to watch the finals, because time zones.

Needless to say, we were DEVASTATED by his loss. I don't remember if it by was my sis or me, or us both, but the clay horse Messi was smashed to the ground into a thousand pieces in the aftermath of our heartbreak.

That was pretty much my breakup with active participation in football worship. Though in the later years I occasionally got news from my father, I never felt the need to seek out what's going on in that world.

Cut to 2022, the WC starts and I vaguely hear about it. I feel almost nothing, and then Argentina loses against Saudi. I feel this one sharp pang in my chest, but this time it's familiar and long forgotten grief, so I get over it. And then the magic happens… one match after the other, the blue and white army of bbgs keep conquering, and everything in me *screams* "don't give me hope, I can't take this one more time."

I don't watch the finals… perhaps I should mention I have chronic anxiety 🙈. But I keep checking my phone every 5 minutes for stats. Won't waste time saying how excruciating it was, but they make it. Leo makes it, finally! And I imagine our beloved four legged Messi victoriously smiling from somewhere above.

[priteshs]

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Consider offering daily specials or seasonal menu items to keep customers engaged and interested in coming back. This will also allow you to take advantage of low-cost seasonal ingredients to increase profitability. Another option is to offer a limited menu that focuses on your most profitable items, rather than offering a wide range of options.

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Manage Inventory and Purchasing

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[seemabhatnagar]

Expert committee was constituted by Supreme Court in the wake of hindenberg report

Background of the case : Vishal Tiwari v. Union of India & Ors.

A bunch of 04 Writ Petitions have been filed before the #SupremeCourt of India in the wake of #Hindenberg Report.

The report alleges, that the #Adani Group of companies has manipulated its share prices; failed to disclose transactions with related parties and other relevant information concerning related parties in contravention of the regulations framed by SEBI; and violated other provisions of securities laws. The report also states that Hindenburg Research has taken a short position in the Adani Group companies through US traded bonds and non-Indian traded derivative instruments.

Directions sought in Writ Petitions

The 04 #WritPetitions separately seek directions from the Apex Court;

Directions to the Union of India and the #UnionMinistryofHomeAffairs to constitute a committee headed by a retired judge of the Supreme Court to investigate the contents of the report published by Hindenburg Research;

Directions to the Union Ministry of Home Affairs to register an #FIR against Mr. Nathan Anderson (#founder of Hindenburg Research) and his associates for short selling, and for directions to recover the profits yielded by the short selling to compensate investors;

Sought a #courtmonitoredinvestigation by a #SpecialInvestigationTeam or by the Central Bureau of Investigation into the allegations of fraud and the role played by top officials of leading public sector #banks and other #lender institutions

Sought directions to any investigative authority to: (i) investigate the Adani Group companies under the supervision of a sitting judge of this Court; and (ii) investigate the role of LIC and SBI in these transactions.

Expert Committee Constituted by Apex Court

The Bench of the Apex Court comprising Hon’ble CJI Dr. D Y Chandrachud, Hon’ble Justice P S Narasimha & Hon’ble Justice J B Pardiwala vide their order dt. 02.03.23 constituted an Expert committee to protect the investors from the volatility of the kind headed by Justice Abhay Manohar Sapre, a former judge of the Supreme Court. The committee comprises Mr. O P Bhatt, Justice J P Devadhar (retired), Mr. KV Kamath,Mr. Nandan Nilekani & Mr. Somashekhar Sundaresan.

Report in two months

The Committee is requested to furnish its report in sealed cover to this Court within two months.

The Committee shall remit on the following:

Provide overall assessment of the situation including the relevant causal factors which have led to the volatility in the securities market in the recent past;

To suggest measures to strengthen investor awareness;

To investigate whether there has been regulatory failure in dealing with the alleged contravention of laws pertaining to the securities market in relation to the Adani Group or other companies; and

To suggest measures to (i) strengthen the statutory and/or regulatory framework; and (ii) secure compliance with the existing framework for the protection of investors.

The Apex Court in its order dt. 10.02.2023 noted the need of reviewing existing regulatory mechanisms in the financial sector to protect Indian investors from volatilities in the market. And suggested Solicitor General of India that to seek instructions from the Union of India on the constitution and remit of an expert committee.

SEBI’s suggestion for securing the interest of the investors:

Mandatory disclosures by listed companies to facilitate free and fair price discovery and to ensure that all investors have equal access to material information for them to be able to take informed investment decisions;

 Market systems to ensure seamless trading and settlement including volatility management;

Enforcement action in the event of misconduct in the market including fraud or violations of SEBI regulations.”

With respect to the aforesaid Writ Petitions SEBI submitted, it is already enquiring into, the allegations made in the Hindenburg report as well as the market activity immediately preceding and post the publication of the report and it will not be appropriate to report the details at this stage.

Seema Bhatnagar