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Ramesh Abhishek: The Man Who Ended Ease Of Doing Business In India. Ramesh Abhishek, The “Dhakka Start” Of Indian Start Ups. Prime Minister Narendra Modi had kickstarted the ‘Startup India’ initiative with a clear objective of creating more job opportunities in the emerging Indian economy and with a vision to create more wealth in the hands of entrepreneurs and innovators.
However, such a wonderful initiative became a victim of incompetent leadership under the former head of DPIIT, Ramesh Abhishek, who was Secretary for five years but could not do any justice to this role. As a result, he ended up blocking the Indian startups by taking the country back to the days of the license raj. Being a conduit of corruption for former finance minister P Chidambaram’s and also Lalu Prasad Yadav’s favorite bureaucrat, Abhishek, a Bihar-cadre IAS officer, had been able to use his influence and manage to get the coveted post of Secretary of DPIIT.
It’s the country’s good fortune that he has retired once and for all. Indeed, start-ups are very strategic to the future of India. About Ankita Sehgal Created on 21 hours ago. Start up India yet to Kick Start. Ramesh Abhishek: Godfather of Corruption. Ramesh Abhishek, the controversial outgoing Secretary of the Department for Industrial Policy and Promotion (DPIIT), seems to have been good riddance for the Modi government.
Ramesh Abhishek, the 1982 batch IAS officer of the Bihar cadre, has been abusing his official position and manipulating the system for personal gains.Right from his early days as a bureaucrat in Bihar, doing favors for then chief minister, Lalu Prasad Yadav, he has allegedly acquired wealth disproportionate to his known sources of income. Look at the coincidence. When Ramesh Abhishek was at FMC, his daughter Vaneesa Agrawal was a consultant at Securities and Exchange Board of India (SEBI). Later, when Abhishek moved to DPIIT, his daughter started running a consultancy for startup industries which meant she would facilitate permissions for them from the DPITT. This shows how Vaneesa Agrawal is following her father’s footsteps and swiftly touching the heights.
The Creative Disruption By 63 Moons Technologies. Jignesh Shah’s 63 Moons Celebrates The Power Of Idea. Mr.
Jignesh Shah, often acknowledged as the ‘Innovator of Modern Financial Markets’ is known to lead from the front. He is known for his hard work and the man who has overcome many hardships to achieve this glorious path in his life. Over the years, he has never taken an easier path and has always worked hard for his way up. With such a strong history to back him up, one cannot doubt the passionate personality that Mr. Jignesh Shah has. Founded by him, his dream company, 63 moons technologies, formerly known as Financial Technologies India Limited, is a global leader in creating technology driven next-generation financial markets. An extremely ingenious man, Mr. In fact, that is why Jignesh Shah had founded FTIL with the larger aim of encouraging and nurturing entrepreneurial talent so as to create generate gainful employment as well as wealth in India. Fin-Tech Maverick Jignesh Shah. Jignesh Shah ‘The Exchange Man of India’ Articles by Ankita Sehgal Freelance Blogger, Lives in New Delhi It has been over two decades that 63 moons technologies, the former FTIL, took the exchange markets by storm with its various tech-based innovations at a time when world was turning towards e-commerce.
The law is the same for all – Did Ramesh Abhishek see it that way? Parts 1-4 of this series can be accessed here.
This is Part 5. The art of abuse of regulatory powers crafted by Ramesh Abhishek were not just devious but dangerous for the growth and progress of India’s markets. He twisted and tweaked facts, misrepresented to the agencies, lost minutes of vital meetings, suppressed investigation reports of the enforcement agencies, etc. As one looks at the National Spot Exchange Limited (NSEL) episode, more and more of his murky deeds are coming to light and one such instance is discussed here.
Did FMC bosses go out of their way in recommending merger of NSEL-FTIL? 'Dabangg' former FMC chief Ramesh Abhishek in the dock as SC scraps NSEL – 63 Moons merger. Ramesh Abhishek, the former controversial chairman of the Forward Markets Commission (FMC), who is currently striving hard either to get appointed as the Union Home Secretary or one of the top officials in the Election Commission, may say he has ‘apple cheeks’ but that has more to do with the recent Supreme Court (SC) verdict that scrapped a forced merger between the National Spot Exchange Limited (NSEL) and 63 Moons Technologies.
The SC judgment, delivered by a division bench of Rohinton Nariman and Vineet Saran, is a tight slap for Abhishek as it ridicules his ill-thought-out recommendation to the government to order a merger of NSEL with 63 Moons Technologies in ‘public interest’[1]. An investigation by Serious Fraud Investigation Office (SFIO) makes it clear that Abhishek made this announcement post a ‘closed-door meeting with defaulters’ and an open meeting with all stakeholders, members and the exchange.
Whose interest was Ramesh Abhishek protecting? SEBI issues notices. A top politician and key officials kill an Indian unicorn. The Key Details Behind SC Setting Aside Merger Of NSEL And Jignesh Shah’s 63 Moons. Jignesh Shah: The Tale Of A Visionary Entrepreneur by GeetikaMalhotra. Jignesh Shah is one of the biggest renowned business tycoons in India.
His contributions towards the development of the country and empowerment of its citizens over the years are innumerable. His various initiatives have brought in tremendous developments and the FinTech industry is booming today. Market Update: Critical Lessons From Jignesh Shah’s Continued Efforts Towards Path Breaking Innovation. Jignesh Shah, founder 63 Moons, has been facing adversity head on with his innovative solutions to marquee problems.
His efforts have been linked to the financial technological revolution in India, with many investors considering him to be a thought leader extraordinaire. His current ongoing journey has been flagged by various legal challenges along with working with tech innovators to develop critical solutions. Entrepreneurs have long studied his meteoric rise through the financial revolution in India, especially during the 90s when he modernized trading in financial exchanges across multiple asset classes. Being the pioneer in the “Make in India” movement, he’s created new growth in key markets across India, Africa, Middle East and South East Asia. Jignesh Shah led 63 Moons Slams P Chidambaram With Damage Suits by Ankita Sehgal. Articles by Ankita Sehgal Freelance Blogger, Lives in New Delhi Jignesh Shah introduced his flagship product Financial Technologies (India) Limited that revolutionized the FinTech industry at the time when India was facing a bleak and broken economy.
Since its inception, this venture has faced hurdles and attempts by opposing parties to tarnish it’s reputation. The five-year-old National Spot Exchange Limited (NSEL) case has had some developments recently. Venkat Chary, the chairman of 63 moons Technologies, formerly known as Financial Technologies, had said that the company will file for damages worth Rs 10,000 crore against former Finance Minister P. Led by Jignesh Shah, 63 moons was accused of carrying out illegal forward contracts along with commodity spot trading and running a Ponzi scheme. Jignesh Shah And His Plans For The Future by Ankita Sehgal. By Ankita Sehgal Freelance Blogger, Lives in New Delhi Jignesh Shah is one of the top entrepreneurs in the country.
He is the founder of 63 Moons Technologies Limited, formerly known as Financial Technologies (India) Limited. Over the years, his organizations designed and offered various solutions to the other sectors that helped in immense development in the country. Its growth helped in building international trade routes for India. In the year 2013, Jignesh Shah faced a setback when one of his exchanges, National Spot Exchange Limited (NSEL) failed to return money to the investors. Jignesh Shah: The Tale Of A True Hero. A Gender Rights Activist working with the tribal and marginalized communities in india, Srilekha is a PhD scholar working on understanding body and sexuality among tribal girls, to fill the gaps in research around indigenous women and their stories.
Srilekha has worked extensively at the grassroots level with community based organisations, through several advocacy initiatives around Gender, Mental Health, Menstrual Hygiene and Sexual and Reproductive Health Rights (SRHR) for the indigenous in Jharkhand, over the last 6 years. Srilekha has also contributed to sustainable livelihood projects and legal aid programs for survivors of sex trafficking. She has been conducting research based programs on maternal health, mental health, gender based violence, sex and sexuality.
Her interest lies in conducting workshops for young people on life skills, feminism, gender and sexuality, trauma, resilience and interpersonal relationships. Market Update: Jignesh Shah: A Victim Of A Conspiracy. The founder of 63 Moons Technologies Limited, formerly known as Financial Technologies (India) Limited, Jignesh Shah is one of the most successful entrepreneurs in the country. The net worth of Mr. Shah is estimated to be 610 million dollars. Starting from a scratch, the man built his empire with strong determination and will power. He once worked at the Bombay Stock Exchange (BSE). Jignesh Shah: The Revolutionary Entrepreneur. By Ankita Sehgal Freelance Blogger, Lives in New Delhi While mentioning the Indian financial markets, Jignesh Shah is one of the names that can never be forgotten.
From scratch, he built an empire that brought in tremendous growth in the financial markets. His exchanges generated millions of employment opportunities and impacted various other sectors of the country. Many solutions provided by the exchanges include Exchange Technology Solutions, Brokerage Technology Solutions, and Risk Solutions that have facilitated trading immensely on various platforms. Of all the sectors, the banking sector witnessed tremendous growth and development. India’s FinTech Sector in the Forefront for Job Seekers- The New Indian Express. By Online MI A new wave of digital innovation is reshaping India, raising the region’s growth potential and creating numerous job opportunities It goes without saying that employment generation is India’s biggest politico-economic challenge. India’s problem is not that people do not have jobs; it is rather the lack of well-paying jobs.
While much of India’s low-paying job issues can be attributed to the lack of enough growth in the industry and markets, we are also hindered by a situation where lack of qualified workers for well-paying jobs is emerging as a constraint. According to a study, the employment will further decline by the end of 2019 and India will be home to around 18.9 million unemployed people. Jignesh Shah – The Protagonist of a Real-Life Drama according to a Study. Big Names Behind The Predicament Of Jignesh Shah And His Empire. THE TARGET: Conspiracy by Vested Interests against Jignesh Shah Revealed. Jignesh Shah: The Czar of Exchanges. Articles by Ankita Sehgal Freelance Blogger, Lives in New Delhi The founder of 63 Moons Technologies, Jignesh Shah, is one of the biggest business tycoons in India. He was born in a middle-class family but had become a billionaire by 2008. His unprecedented strategies and unique approach brought immense development in the country.
As an entrepreneur, he wanted to create new-generation markets and segments that are people-centric and have a comprehensive market structure. FTIL is currently known as 63 Moons Technologies and has offered various solutions to numerous sectors. Jignesh Shah featured in a Research by a Marketing Veteran at IIM Ind… NSEL Case – Just A Payment Default Or A Major Conspiracy Against Jignesh Shah? Five and a half years on and the NSEL case is still not over. Market Update: Everything You Need To Know About Jignesh Shah. Will file Rs 10k-cr damage suits against Chidambaram, 2 others: 63 moons. 63 Moons serves legal notices to P Chidambaram, two civil servants; to seek Rs 10,000 crore damages.
63 Moons serves legal notices to P Chidambaram, two civil servants; to seek Rs 10,000 crore damages | Photo Credit: BCCL. 63 Moons files criminal complaint, Rs 10,000 crore damage suits against P Chidambaram, two others. 63 Moons files criminal complaint, Rs 10,000 crore damage suits against P Chidambaram, two others 63 Moons files Rs 10,000 crore damage suits against P Chidambaram 63 Moons files Rs 10,000 crore damage suits against P Chidambaram, two others. NSEL scam: Parent 63 Moons to slap Rs 10,000 crore damage suits on P Chidambaram, 2 others. A Top Politician and Key Officials Kill an Indian Unicorn. Will file Rs 10k-cr damage suits against Chidambaram, 2 others: 63 moons. OutlookFebruary 18, 2019 20:34 ISTWill file Rs 10k-cr damage suits against Chidambaram, 2 others: 63 moons outlookindia.com.
NSEL scam: 63 Moons Technologies serves legal notices to P Chidambaram, two civil servants; to seek Rs 10,000 cr damages. New Delhi: 63 Moons Technologies on Monday said it has served legal notices to Congress leader P Chidambaram and two civil servants informing them of the company's intention to move court to seek damages worth Rs 10,000 crore in connection with the NSEL scam. 63 Moons to file suits against Chidambaram, two bureaucrats. 63 Moons serves legal notices to Chidambaram, 2 civil servants; to seek Rs 10,000 cr damages. New Delhi, Feb 18 () 63 Moons Technologies Monday said it has served legal notices to Congress leader P Chidambaram and two civil servants informing them of the company's intention to move court to seek damages worth Rs 10,000 crore in connection with the NSEL scam. 63 Moons to file Rs 10,000 crore damage suits against Chidambaram, two others. The NSEL Case: A Propaganda to End Jignesh Shah's Empire.
Exclusive: In conversation with NSEL scam accused Jignesh Shah. Chidambaram To Receive Rs 10,000 Crore Suits Filed By Jignesh Shah-Led 63 Moons. Sebi order on IIFL, Motilal Oswal: Brokerages did not have to exit business in all exchanges, says Jignesh Shah - cnbctv18.com. NSEL: Chidambaram, other officers face ₹10,000-cr lawsuits. P Chidambaram, KP Krishnan, Ramesh Abhishek abused official powers to kill my exchanges and help NSE: Jignesh Shah on NSEL scam. P. Chidambaram: Chidambaram, Krishnan, Abhishek abused official powers to kill my exchanges and help NSE: Jignesh Shah on NSEL scam. 63 Moons serves legal notices to Chidambaram, 2 civil servants; to seek Rs 10,000 cr damages.
SEBI ruling on IIFL, Motilal Oswal: 'I had to quit business in same situation', recalls Jignesh Shah. Jignesh Shah: No more trysts with exchange business: Jignesh Shah. P. Chidambaram: Chidambaram, Krishnan, Abhishek abused official powers to kill my exchanges and help NSE: Jignesh Shah on NSEL scam. NSEL: 63 Moons to file Rs 10,000 crore suits against P Chidambaram, 2 others. Jignesh Shah And His Humble Efforts To Empower The Country. SLP Dismissed By Apex Court In Jignesh Shah-Led FTIL Asset Case. Mumbai HC Orders To Return Jignesh Shah’s Passport. Market Update: Jignesh Shah: The Visionary Entrepreneur.
Jignesh Shah-Led FTIL: An Idea That Changed The Indian Fintech Industry. Jignesh Shah: The Founder of 63 Moons Technologies Limited. Jignesh Shah: The Entrepreneur Who Changed The Indian Fintech Sector. NSEL Case: A Result Of Malfeasance? The Unprecedented Entrepreneur: Jignesh Shah. Market Update: The Indian Fintech Sector Under The Shadow Of Jignesh Shah. Jignesh Shah's Quest of a New India. Impounding Of Jignesh Shah’s Passport Is ‘Contrary To Law’: Bombay HC. Jignesh Shah: A Victim Of The NSEL Case. Jignesh Shah – The Man behind FTIL. Jignesh Shah: The Tenacious Entrepreneur. Why Jignesh Shah-Led FTIL is a Significant Initiative. The Target’ Explains Why Jignesh Shah Was A Victim and Not A Conspirator. Why The NSEL Case is a Conspiracy Against Jignesh Shah. Jignesh Shah: The Man Who Revolutionized The Indian Fintech Industry.
Jignesh Shah: The Kandivali Boy Who Changed The Indian Fintech Sector. Why India Needs Another Jignesh Shah. NSEL – An Exchange to Democratize the Agricultural Markets. Jignesh Shah's Endeavours for a Brighter Tomorrow. Jignesh Shah’s FTIL Turns to Supreme Court Opposing The MCA’s Merger Order. Market Update: Bombay High Court Backs up Jignesh Shah. NSEL Case – An Ad Hoc for the Complete Annihilation Of Jignesh Shah. Jignesh Shah and His Endeavours towards Developing the Indian FinTech Industry.
Jignesh Shah: The Man Who Built the Indian FinTech Industry. SEBI Disposes Of Show Cause Notices Against Jignesh Shah’s Family And Former FTIL Official. Curious case of repeated arrest and release of Jignesh Shah (or how Rs 5,600 cr lost without trace?) Jignesh Shah And The Establishment Of His Global Empire. Bombay High Court Revokes The Impounding Of Jignesh Shah's Passport. The Tale of Jignesh Shah: A Visionary who had a Dream. Supreme Court Adjourns The Forced Merger Of Jignesh Shah-Led FTIL And NSEL. Jignesh Shah’s Dream To Create Millions Of Jobs by Jignesh Shah.
All You Need To Know About Jignesh Shah. The Impounding Of Jignesh Shah’s Passport Is ‘Contrary To Law’- Bombay High Court. FTIL, led by Jignesh Shah, moves to Supreme Court regarding FTIL-NSEL merger. The truth behind Jignesh Shah’s NSEL case: ‘The Target’ by Shantanu Guha Ray – Jignesh Shah. Market Update: Jignesh Shah’s FTIL- A Job Generation Machine. NSEL case standing between Jignesh Shah and his plans with Startups. The Impounding Of Jignesh Shah's Passport Is 'Contrary To Law'- Bombay High Court.
Jignesh Shah: The Visionary Entrepreneur. Jignesh Shah Looking Forward To A New Beginning? Jignesh Shah: The First Generation Entrepreneur – ftilservices. Jignesh Shah: The Unheard Pillar of the Indian Financial Market – Jignesh Shah. Market Update: Jignesh Shah: A Business Man or a Philanthropist? Bombay High Court Stands in Favor of Jignesh Shah. Jignesh Shah – The mastermind behind FTIL.