Financial Daily
from THE HINDU group of publications
Thursday, December 13, 2001
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Financial Daily from THE HINDU group of publications Thursday, December 13, 2001 |
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Letters
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SEBI and market
Shashi Kant, e-mail
The SEBI chairman, Mr D. R. Mehta seems to be waxing eloquent of the new instruments introduced to improve the market. These steps, are, indeed, welcome. But the irony is SEBI is still groping in the dark about the problems of the market.
Some of the issues affecting the market are: Operators' excesses, rampant insider-trading, lack of transparency, good corporate governance and the operator-promoter nexus.
Unless SEBI takes drastic steps, the market will not be rid of scams.
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