Institutional collapse has emboldened cronyism in India. We have an economy that no longer encourages competition but rather fosters monopolies. Small and medium businesses are bogged down by regressive tax systems, entrepreneurs struggle to get access to capital and retail investors stare at an uncertain and unprotected market. This is not the kind of atmosphere that enables prosperity and innovation.

The Madhubi Buch scandal is an example of what happens when institutions collapse and cronyism takes over. Those entrusted with protecting common Indians and their investments have abrogated their responsibilities and are indulging in wide scale corruption and malpractice.

The information that has come out so far on this scandal is just the tip of the iceberg. There is a larger syndicate at play protecting the corrupt.

The Congress party has been consistently raising these issues, investigating the many scams and exposing the truth.

#rahulgandhi, #राहुल_गांधी, #sebi, #sharemarket, #indianstockmarket

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