The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 8 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Siddhartha: SEBI and RBI block 90% of fraudulent IPOs, unlike US regulators
“Indian regulators like SEBI and RBI, they protect the retail investors. So they make sure that, you know, and they're able to avoid at least 90% of the fraudulent companies to go IPO, whereas in US it's not possible.”
Urjit Patel resigned over RBI regulation of public sector banks
“Even he fell out with the government because he wanted the public sector governance norms to be changed so that the RBI can monitor and regulate the public sector banks adequately. So there the differences open and arose. So he also had to quit suddenly.”
Venkatachalam: Building a $1B NBFC book results in 90% dilution
“So what ends up happening, you know, so that is people want to invest in NBFCs, but you don't realize that you'll be like 90% diluted by the time you build a billion dollar book, because you will just be pretty much operating at two to three X leverage.”
RBI and Finance Ministry friction spans every Indian government
“Whether it is this government Or, ah, the previous governments, whether it is the Muraji Desai government or it's the Nehru government, the tensions and stressful relations between the RBI and RBI governor and the finance ministry and the prime minister and th…”
Shaktikanta Das maintains smooth relations with the Modi government
“So he's he enjoys the trust of the government and the equations so far are good. But even then, even now, there are occasions where the RBI governor would talk about how how cryptocurrency is something that you should not touch with a barge ball, whereas the g…”
Singhal: Over 100,000 Indian credit societies operate entirely outside RBI regulation
“Then outside RBI is regulatory purview, another bunch of one lakh banks or credit societies that exist.”