top of page

By:

Minal Sancheti

2 May 2026 at 12:26:53 pm

Freedom of expression over says artist Jain Kamal

Mumbai: Veteran artist Jain Kamal believes that his fraternity lacks freedom of speech in today’s time. While speaking to ‘The Perfect Voice’, he said, “Freedom for the artists no longer exists. Now, we are living in the times of dictatorship. If we don’t have freedom of expression, then it will be very difficult for the artists to survive. There should be purity in the expression of the artists, saints, scientists, and thinkers so that there is more positivity in society.” Jain is going to...

Freedom of expression over says artist Jain Kamal

Mumbai: Veteran artist Jain Kamal believes that his fraternity lacks freedom of speech in today’s time. While speaking to ‘The Perfect Voice’, he said, “Freedom for the artists no longer exists. Now, we are living in the times of dictatorship. If we don’t have freedom of expression, then it will be very difficult for the artists to survive. There should be purity in the expression of the artists, saints, scientists, and thinkers so that there is more positivity in society.” Jain is going to exhibit his 50 years of work at the Jehangir Art Gallery from May 26 to June 1. The exhibition, ‘Retrospective’, will be inaugurated by Dattatreya Hosabale, General Secretary of the Rashtriya Swayamsevak Sangh. The paintings are a translation of the Jain religious chanting of the Navkar Mantra. Jain said, “I have been working on these paintings for the past 50 years and have put in a great effort to convey to the world the message of peace and harmony using the Jainism chanting. Like a mother makes delicious food for her child, I have used words to create beautiful art for the people.” When asked what inspired him, he said, “I wanted to do something with words. So I thought why not use Gayatri mantra or Hanuman Chalisa but then I chose Navkar mantra which is a Jain mantra. I used the five lines of the mantras in my paintings. In the exhibition, you will get to see a ‘Picchi’ (a broom used as a symbol of non-violence and which the Jain monks use to brush away any small insect that comes in their way.)” Jain added, “Half of the threads attached to the Picchi are in Brahmi, and half of the Picchi are in Devanagari. I have combined the time of Jain God Rishabdev with today’s generation by using both languages. I have also painted ants dancing to show nonviolence preached by the religion.” The words are formed like a chain in concentric circles in one of the key paintings. Some paintings consist of lakhs of words depicting the Jain mantras. “In these paintings, you can find the entire world through the written mantras. They convey that everything is made by God and there lies nothing in the material world. We should not be proud of our possessions, as everything in the world belongs to Khuda. So be peaceful and spread peace.” He added, “I did not talk about religion, but the philosophy of peace that I want to spread to everyone. I planted the seed of a mantra and thoughts into my artwork, which is why it is unique and different.”

Lateral upgrade to ailing annihilation

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.

Comments

bottom of page