- By Joshua Keating
Joshua Keating is associate editor at Foreign Policy and the editor of the Passport blog. He has worked as a researcher, editorial assistant, and deputy Web editor since joining the FP staff in 2007. In addition to being featured in Foreign Policy, his writing has been published by the Washington Post, Newsweek International, Radio Prague, the Center for Defense Information, and Romania's Adevarul newspaper. He has appeared as a commentator on CNN International, C-Span, ABC News, Al Jazeera, NPR, BBC radio, and others. A native of Brooklyn, New York, he studied comparative politics at Oberlin College.
A court case in India might could give a whole new meaning to the phrase “masters of the universe”:
Can Hindu deities have demat accounts to enable them transact in shares and debentures on the stock market?
The Bombay High Court will decide the issue after a religious trust filed a petition challenging the decision of National Securities Depository Ltd (NSDL) to refuse it permission for opening demat accounts in the names of five Hindu deities.
The deities of the Sangli-based trust “Ganpati Panchayatam Sansthan” are Lord Ganesh, Chintamaneshwardev, Chintamaneshwaridevi, Suryanarayandev and Laxminarayandev. The trust, belonging to the Patwardhan family, the erstwhile royals of Sangli, had obtained PAN cards in the names of deities in 2008.
In Inida, a “demat account” is one in which shares are held in electronic form rather than in certificates, which seems appropriate for metaphysical beings. If Lord Ganesh and co. do win their case, I know the perfect banker for them.
Hat tip: Marginal Revolution