Rajangam Jayaprakash

beyond symbolism to genuine accountability and vigilance When Reserve Bank of India (RBI) Deputy Governor Swaminathan Janakiraman recently cautioned that governance lapses often lie at the root of financial failures, his warning echoed a pattern that India’s financial sector has witnessed repeatedly over the past decade. From infrastructure finance giants collapsing under opaque debt structures to banks failing due to concentrated lending and weak oversight, the common thread has not merely...

The Reserve Bank of India (RBI) has recently tightened regulations governing how Non-Banking Financial Companies (NBFCs) lend to borrowers who have already defaulted on existing loans. The regulatory move aims to prevent the practice of extending fresh credit to stressed borrowers without adequate safeguards—a practice that can mask underlying asset quality issues and deepen systemic risk. While the intent of the RBI’s action is sound and necessary, the intervention arguably comes later than...

Censorship resistance is one of the most powerful philosophical pillars of cryptocurrency. At its core, the idea holds that no authority—state, corporation, or intermediary—should be able to block, reverse, or selectively permit transactions. Money, in this view, should be neutral infrastructure: as indifferent to identity, politics, or geography as the internet protocol itself. This principle animated early crypto communities and remains central to how decentralization is morally justified....