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By:

Anandajit Goswami

15 April 2026 at 11:15:27 pm

Lessons from the Mountains

How much of the Himalayas must melt before we rediscover our humanity? I have carried this question for some time. Perhaps it came from the mountains, the rain and the silence. The Himalayas feed rivers, sustain communities and carry memories of centuries. Yet their changing landscape reminds us that nature has limits. We discuss melting glaciers, disappearing water sources and climate change, but too often these remain statistics. What happens when they become part of daily life? I imagine...

Lessons from the Mountains

How much of the Himalayas must melt before we rediscover our humanity? I have carried this question for some time. Perhaps it came from the mountains, the rain and the silence. The Himalayas feed rivers, sustain communities and carry memories of centuries. Yet their changing landscape reminds us that nature has limits. We discuss melting glaciers, disappearing water sources and climate change, but too often these remain statistics. What happens when they become part of daily life? I imagine sitting on those mountains on a rain soaked afternoon, watching clouds descend and the earth being washed clean. In that silence, love arrives. Not the dramatic love we celebrate, but a quieter love that simply sits beside us. And then I ask myself: have I learned to love another human being, or only the idea of humanity? Humanity as an idea is easy to love. The person before us is different. He has fears, weaknesses, anger and wounds. To love a human being requires patience. It requires us to stay. The question stays with me. We often imagine spirituality as a journey away from people, towards mountains, forests and solitude. But perhaps the journey into the mountains is only half the journey. The other half is returning to people. Perhaps we enter the forest not to escape humanity, but to understand it better, and then return to everyday life with a greater ability to see those around us. If spirituality creates distance between us and others, what have we gained? True spirituality should make that distance smaller. It should make us more compassionate, not more detached. We can speak to someone thousands of kilometres away in seconds, but may not know what the person next to us is going through. How much of Nepal do we really reach when we admire its mountains? Perhaps Nepal represents every distant place we admire without truly knowing, every landscape we photograph without understanding, and every suffering we discuss without allowing it to change us. We can cross mountains and borders without ever truly arriving. A journey is complete only when it brings us closer to another human being. Perhaps that is where a spiritual journey becomes meaningful. And then there is violence. A missile can cross the sky in seconds. A bullet can end a life in an instant. But fear travels much faster. It moves from one heart to another and changes the way people see each other. Grief becomes anger, anger becomes hatred, and hatred makes it easier to see another human being as an enemy rather than as a person. At such moments, our philosophies disappear. The mask falls. I imagine looking beside me. I expect to find a gun. But there is no gun. There is a guitar. I do not know who placed it there. Perhaps it was love. Perhaps it was music or another human being reminding me that there is a choice. The gun represents hatred, revenge, intolerance and the desire to silence another voice. The guitar represents conversation, empathy and creativity when the world is full of noise. We can decide what we add to the world. We can add to anger, or we can reduce it. We can answer hatred with hatred, or begin a conversation. Every choice shapes society. Perhaps that is where being human really begins. The Himalayas may continue to melt. Rivers may shrink. Fear may return, and guns may continue to speak. But we still have a choice. We can add another weapon to the noise, or pick up the guitar. We can continue speaking the language of fear, or learn the language of compassion. Perhaps spirituality is making that choice again and again. Humanity begins with the person standing next to us. It could be a stranger, neighbour, colleague, or someone we strongly disagree with. The moment we stop seeing that person as another human being and begin to see something of ourselves in him, the distance becomes smaller. The mountains may teach us silence. Rivers may teach us movement. Rain may teach us renewal. But their greatest lesson is simple: we are all standing on the same fragile earth. The world will continue to change, whether we are ready or not. The real question is what we will become while it changes. Where we expected a gun, perhaps there can be a guitar. Perhaps we should begin there. We may not control the future, but we can influence the human atmosphere we leave behind. (The writer is an author and musician. Views personal.)

Lateral upgrade to ailing annihilation

Writer: Mangesh Kulkarni
Mangesh Kulkarni
Sep 9, 2024
3 min read

Updated: Oct 21, 2024

Lateral upgrade to ailing annihilation

Being the first person from the private sector to be appointed as chairperson of Securities and Exchange Board of India (SEBI) as part of the government’s lateral initiative, Madhabi Puri Buch also holds the honour of being the first woman to hold the top post as capital market regulator.

But the laurels that the former private sector banker enjoyed in her earlier stint with ICICI Bank, was marred with allegations that she and her husband were having a stake in offshore entities, which were used to artificially inflate shares of Adani group companies.

Terming the allegation as `character assassination, Buch clarified that all disclosures have already been furnished and the fund in question did not invest in any securities involving the Adani group.

When it rains, it pours. This allegation was subsequently followed by Congress Party allegation that Buch had received salary and post-retirement benefits from ICICI Bank after she quit the private sector bank.

In its clarification to the stock exchanges, ICICI Bank asserted that the payments made to Buch were purely retirement benefits after her exit from the bank and they were neither salary nor employee stock options.

Prior to these allegations, Buch tenure at SEBI was all about bringing in quick reforms on operational issues by changing the format of consultation paper to bring in larger responses digitally. Being data savvy, the rationale of her decisions were democratic based on big data analysis derived from the responses received to the consultation papers.

Further she bifurcated the duties of the SEBI staff between operations and enforcement, which were done by the same persons earlier. Having worked for the private sector in the capital market domain space, Buch had a better understanding of the subject compared to officers from the administrative service in the past that reflected even in her orders as a whole-time director at SEBI before becoming the chairperson. As a whole time director at SEBI, her orders on adjudication issues were more directional to the capital market space, according to experts in the compliance space. She was also quick to revamp the old provisions of the 90s at SEBI.

Being tech and data savvy, Buch enhanced regulatory surveillance and detection of market manipulation, insider trading and fraud while also emphasizing on strengthening corporate governance by introducing stricter rules for independent directors and enhancing disclosures for related-party transactions.

To put in perspective, the annual report of the capital market regulator in the just concluded financial year revealed that the number of investigations related to insider trading jumped to 175 in 2023-24 from 85 in the preceding year while probes related to front running jumped over three times to 83 from 24 in the preceding year.

Transparency in mutual funds by implementing measures to protect retail investors along with tightening norms for initial public offers, particularly in the SME platforms were some of her other positive initiatives including confirmation of denial of any market rumours within 24 hours for the top 100 listed companies which will be extended to top 250 companies from December 1. However increased transparency and compliance with tightening regulations led to increased operational costs for the market participants and hence faced resistance from certain quarters. Born in 1966, Buch completed her primary education in Mumbai and graduated with specialization in Mathematics from Delhi and later obtained a management degree from Indian Institute of Management, Ahmedabad. In between, she got engaged to Dhawal Buch, a director at a consumer goods multinational at the age of eighteen and got married at the age of 21.

Besides ICICI Bank, Buch also worked as a lecturer at a college in England, worked at Greater Pacific Capital in Singapore and ICICI Securities as its CEO. She also worked as executive director on several private sector companies and as a consultant for New Development Bank (Brics Bank).

What now remains to be seen, is whether Buch, who survived the 26/11 terror attack when she along with her husband, was attending a meeting at Taj, be able to overcome the current ordeal. Keeping fingers crossed for the times to come.

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