Millions of new investors have entered the Indian equity market. This deepening equity cult needs to be nurtured by practices that lead to long-term wealth creation in the economy.
A public-private partnership for supervision is also relevant to other industries where offshore operators evade local laws—such as online gambling and digital lending.
If passed as a law, the Securities Markets Code Bill will determine how Indian companies raise capital, how secure investors feel when they trade, and—most importantly—how independent and accountable SEBI remains.
The latest comment comes as New Delhi and Washington have yet to sign a trade agreement. India’s purchase of Russian oil has reduced, but Moscow remains top source for crude.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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