Śrīmad-Bhāgavatam 10.27.5
Blended reading (Sanskrit + English inline)
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lobha-ādayaḥ
—
greed and so forth
Compound: lobha (greed) + ādi (etc.). Shorthand for the ariṣaḍ-varga — greed, lust, anger, envy, pride, illusion. Indra lists his own ailments and confesses they cannot apply to Kṛṣṇa.
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abudha-linga-bhāvāḥ
—
symptoms of an ignorant person
Compound: a-budha (un-awakened) + linga (sign, mark) + bhāva (state). The vices are read as symptoms (linga) of avidyā, not as moral failings in isolation. Gauḍīya diagnosis: cure the ignorance, the symptoms fall.
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daṇḍam-bhagavān-bibharti
—
the Lord wields punishment
Verb phrase: daṇḍam (rod) + bhagavān (the Lord) + bibharti (bears, from √bhṛ). Kṛṣṇa bears the rod — He does not become the rod. The Bhāgavatam preserves the distinction between Bhagavān and His function of nigraha-anugraha (chastisement-and-favor).
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dharmasya-guptyai
—
for the protection of religious principles
Compound: dharma (genitive) + gupti (protection). The same rationale Kṛṣṇa gives in BG 4.7–8 (paritrāṇāya sādhūnām). Indra is quoting His own theology back to Him.
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khala-nigrahāya
—
for the chastisement of the wicked
Compound: khala (wicked) + nigraha (restraint). Pairs with gupti above — gupti for sādhus, nigraha for khalas. Indra confesses he was, briefly, on the wrong side of that pairing.
This complex philosophical statement by Indra may be analyzed as follows: In the first line of this verse, Indra refers to the main idea expressed at the end of the previous verse — namely, that the great currents of material existence, which are based on ignorance, cannot possibly exist within the Supreme Lord. The words tad-dhetavaḥ and tat-kṛtāḥ indicate that something causes the modes of nature to manifest, and that they in turn become the cause of that which caused them. In the second line of this verse, we find that it is material feelings such as greed, lust, envy and anger that cause the modes of nature to manifest and that are themselves caused by the modes of nature. The explanation of this seeming paradox is as follows: When the conditioned soul decides to associate with the material qualities, he becomes contaminated by those qualities. As stated in the Gītā (13.22) , kāraṇaṁ guṇa-saṅgo ’sya sad-asad-yoni-janmasu. For example, in the presence of a seductive woman, a man may give in to his lower instincts and try to enjoy sex with her. By his deciding to associate with the lower qualities of nature, those qualities manifest in him very powerfully. He is overwhelmed with lust and driven to try again and again to satisfy his burning desire. Because his mind has been infected by lust, all that he does, thinks and speaks will be influenced by his strong attachment to sex. In other words, by choosing to associate with the lusty qualities of nature, he has caused them to powerfully manifest within himself, and eventually those lusty qualities themselves will cause him to accept another material body suitable for affairs governed by those qualities. The lower qualities, such as lust, greed, anger and envy, are abudha-liṅga-bhāvāḥ, symptoms of ignorance. Indeed, as indicated by Śrīla Śrīdhara Svāmī in his commentary, the manifestation of the modes of nature is synonymous with the manifestation of a particular material body. It is clearly explained throughout the Vedic literature that the conditioned soul receives a particular body, gives it up and then accepts another simply because of his involvement with the modes of nature ( kāraṇaṁ guṇa-saṅgo ’sya ). Thus to say that one is participating in the modes of nature is to say that one is accepting particular types of bodies suitable for the particular material qualities one is involved with. An ignorant bystander might have simplistically interpreted Kṛṣṇa’s pastime of lifting Govardhana Hill as follows: The residents of Vṛndāvana were obliged by Vedic principles to make certain offerings to the god of heaven, Indra. Child Kṛṣṇa, ignoring the position of Indra, usurped these offerings and took them for His own pleasure. When Indra tried to punish Kṛṣṇa and His associates, the Lord frustrated Indra’s attempt, humiliated him, and exhausted his pride and resources. But this superficial interpretation is refuted in this verse. Here Lord Indra addresses Śrī Kṛṣṇa as bhagavān, indicating that He is not an ordinary child but in fact God. Therefore Kṛṣṇa’s punishing Indra was part of His mission of protecting religious principles and curbing down the envious; it was not a display of material anger or of greed for the offerings meant for Indra. Śrī Kṛṣṇa is pure spiritual existence, and His simple, sublime desire is to engage all living beings in the perfect, blissful life of Kṛṣṇa consciousness. Kṛṣṇa’s desire to make us Kṛṣṇa conscious is not egotistical, since ultimately Kṛṣṇa is everything and Kṛṣṇa consciousness is objectively the best consciousness. Lord Indra is really the humble servant of Kṛṣṇa, a fact he is now beginning to remember.
"O Lord! If you have no desire to accept the gunas, how then do the effects of the gunas such as greed, the markings of ignorance, appear within you? How could you stop my worship without these gunas? ---Without greed and anger, you punish in order protect dharma."
This is expressed in kaimutika-nyāya. If your qualities are not māyā, then what fault is there if you are the cause of māyā? The cause is the Lord. O controller of māyā (īśa)! “But in the pile of food and intolerance of your pride, you understand that I have material qualities. Why do you know try to conceal those faults?” Qualities like greed for food which has been given by devotees, qualities which show the greatness of devotees and bhakti (budha-liṅga-bhāvāḥ), are produced by you. They are not made by māyā but by your mercy alone. patraṁ puṣpaṁ phalaṁ toyaṁ yo me bhaktyā prayacchati | tad ahaṁ bhakty-upahṛtam aśnāmi prayatātmanaḥ || I accept that which is offered in devotion from the genuine devotee, having pure body and mind, who gives just a leaf, flower, fruit or water. BG 9.26 “One can accept that greed since it gives joy to the devotee and suffering to others. But anger gives suffering to a person since he will get punished. Can this also be mercy?” Destroying the wicked in order to protect the devotees is mercy for, because of that punishment, the wicked begin to follow dharma and then become happy. That also is only mercy. Athāpi instead of tathāpi is another version. The Lord performs punishment. Thought Kṛṣṇa was present, Indra speaks as if he were absent by addressing him as Bhagavān out of fear and respect. Another version has manyu-lobhādayaḥ. This phrase is connected with the phrase kuto nu.
Since you are an ocean of good qualities and devoid of faults, you and your devotees have no greed or other bad qualities. This is expressed by kaimutya. O Lord, controller of māyā (īśa)! Greed and other qualities are created by you. Greed is especially mentioned because it was a cause of happiness for the devotees and grief for others at the worship of Govardhana. Citsukha approves of the version with īśa manyu-lobhādayaḥ. Therefore greed is permissible in unintelligent persons like us, who are not your servants. Though greed does not exist in you and your servants, it exists in us. You carry out punishment because you are bhagavān, having appeared to benefit the world. You are directly the supreme Lord. Or bhagavān carries out punishment. Indra does not directly address the Lord as “you” out of fear and respect.
A judge wields the gavel without himself being criminal; a doctor administers bitter medicine without being diseased. Kṛṣṇa's daṇḍa upon the wicked is not anger — it is mercy formatted as discipline. Indra finally sees: the rod that fell on Vraja was not Kṛṣṇa's lust or wrath, but the doctor's hand on the proud patient.
When Vāmanadeva placed His third step on Bali Mahārāja's head — the gesture looked like punishment, but Gauḍīyas read it as anugraha. Bali himself rejoiced: the foot of the Lord on his head was the crown he could never have bought.
Indra here arrives at the same insight: the rain that beat Vraja, the flood that failed, the humiliation — these were not Kṛṣṇa's wrath but His daṇḍa-as-medicine. Bhagavān's punishment is His most intimate mercy to those who think themselves rulers.
My note
Source: vedabase.io