It is inimical to the interests of India that anonymous entities should be allowed to participate in Indian stock Exchanges. Transparency in the trading of securities may hurt market sentiment in the short term, but it will strengthen stock market operations in the long term.
SEBI should have done this 5-7 years before so that Indian market would run more stable way. Although its late, but SEBI has to take very tough task to control of "annonumous" foregn or national investors staying outside. By regulating this, market would have been more stable and artificial or hedge hiking could have have been avoided. If Market crash a lot, then true looser will be Indian investors and Indians.
After the FY 08 budget I had posted articles alleging that the FM was trying to push down cement stocks to make a quick buck for himself and his cronies. The current situation is no different. His ministry announces lethal policy decisions for some sectors and then withdraws, during the interview, his un-named numbered accounts must be making a killing.... this FM is the most corrupt one we have ever seen.
RE:Corrupt FM
by saurabh chabra on Oct 17, 2007 07:11 PM Permalink
i completely agree with you Rahul....only today i was dicussin this with my friend...it can be a reality....may be he and his partymen are making money for the elections to come...lol
Yesterday's message from SEBI and FM reeks of insider trading. SEBI and FM know that such a statement would cause the market to crash which would have benefitted two categories of investors, those who were short on the market yesterday and those who bought today early morning knowing that SEBI aka FM would give a clarification later on. Kudos FM, you made a lot of money for yourself and your cohorts .
A macro view of this whole thing sounds like...our stock market is being taken advantage of under the pretext of low base values...hope we can prevent this rape of our system, i know how we have suffered when financial systems collapse like South Indian Coop Bank and my dad has deteriorated in health...hope the FM protects the retail investors and indian cos from this exploitation...
In my view FII shall hold the fund atleast for one year or they shall pay tax for short term gains like Indians.Why India allows FII to run away with our money?
The hedge funds are unashamedly OPPORTUNITY funds when it comes to the question of ivesting in a highly volatile and equllay indisciplined economy like India. Here alone the entire mechanism helps legally to fill up few pockets who invested their slush moneies (mostly) through the FIIs. Let the SEBi come out with calling for all the required details of each and every investor (be it an individual or a institutional investor like FIIs or equity participating companies within India)so that the trasactions will be transperent and the data bank of SEBI will be full of relavnt details to effectively control the situation. What the F.M and the governing bodies are doing?
