Elections, Capital Market regulation, Direct Benefit Transfer and Vaccination Drives – What India can train the world

Just a few weeks in the past, the United States witnessed the Gamestop episode that shook Wall Street. The Wall Street elites (cash managers) have been fooling the retail buyers for many years and amid the pandemic, a gaggle referred to as WallStreetBets got here collectively to deploy the identical strategies in opposition to them. Many analysts gave totally different shades of opinion on the episode, relying on the camp they belonged to. But, a very powerful factor this episode did is that it uncovered the vulnerability of the American capital markets.At that point, Nitin Kamath, the founding father of retail funding app Zerodha, tweeted a protracted thread on why one thing like this could by no means occur in India. “We have a habit of looking west and thinking what they do must be right. With all the craziness going on in the US capital markets, I thought it will be a good time to share some of the reasons why India is way better in terms of capital market regulations,” he tweeted.The Indian capital market, regulated by the Securities and Exchange Board of India, is significantly better regulated in comparison with some other market on the planet. U.S. Securities and Exchange Commission, the oldest capital market regulator on the planet, does a worse job in regulation in comparison with its Indian counterpart.We have a behavior of wanting west and pondering what they do should be proper. With all of the craziness occurring within the US capital markets, I believed it will likely be a very good time to share a few of the the reason why India is method higher when it comes to capital market laws. 1/n— Nithin Kamath (@Nithin0dha) January 29, 2021Similarly, through the 2020 US Presidential Election, there have been so many allegations – from either side – of voter fraud and unlawful voting. The United States confronted this drawback as a result of regardless of being the oldest democracy on the planet, the nation nonetheless doesn’t have a central voter checklist or a separate constitutional physique to conduct free and honest elections just like the Election Commission of India. In India, apart from some allegations of EVM fraud from losers, no less than no critical query/debate/ dialogue is over the impartiality of the election authority.Moreover, within the Direct Benefit Transfer (DBT), India has carried out it extra effectively in comparison with any nation on the planet, because of Jan Dhan-Aadhar-Mobile (JAM) trinity. People like Bill Gates, who’ve labored on public coverage and welfare points in international locations around the globe, known as JAM essentially the most refined method of transferring cash to residents.The newest amongst these is vaccination. Europe, a continent of the identical dimension, variety, and issues that of India – however comparatively very wealthy and strong public well being infrastructure – is dealing with so many difficulties with vaccination drive. On the opposite hand, India just isn’t vaccinating its inhabitants with indigenous in addition to overseas vaccines at a quick tempo however has equipped lakhs of the vaccine dose to international locations around the globe – wealthy and poor. So, so far as coping with the Coronavirus pandemic is worried – the Indian response was extra mature in comparison with the European Union regardless of weak healthcare infrastructure.There are many areas aside from the aforementioned ones through which India does significantly better in comparison with some other nation on the planet and overseas international locations are keen to study from our expertise of digital funds or DBT. However, a sure part of the Delhi commentariat with a colonized mindset nonetheless sees India as a third-world nation that ought to meekly observe the foundations as an alternative of making them, and that commentariat might be discovered opining in overseas left-liberal newspapers and media homes.