A journal of long-form essays on Indian financial regulation — the regulators, the circulars, the master directions, and the quiet machinery of how money is allowed to move. Written for the curious reader, not the practitioner.
Why a circular dated 02 September 2022 became the most expensive Friday of the year for a hundred startups — and what it left in place.
How a single 2013 regulation, and the amendments that followed, drew a line through "advice" and "distribution" that nobody can quite unsee.
A few basis points of TER, compounded over thirty years of an equity scheme, is the difference between a holiday and a house.
On the insurance industry's reluctance to commoditise itself, and the regulator that decided to commoditise it anyway.
It manages thirteen lakh crore. Nobody talks about it. A short tour of the system, the funds, and the curious math of Tier-II.
Zero merchant discount rate is a policy choice, not a law of nature. The note tracks who actually carries the cost, and for how long.
"Financial regulation is the slow art of writing down, in long sentences, what we will not allow money to do this year."
Opulentdominion is a weekly journal of long-form essays on Indian financial regulation, written for the reader who is not a lawyer and not pretending to be. The aim is small and unfashionable: clear sentences about difficult circulars.
Each piece is read by two reviewers before publication. Footnotes cite the principal circulars and master directions; nothing here is legal or investment advice. If a piece changes your mind about something, write back.
