Bees Saal Baad: Markets at the Crossroads
In the past 20 years since the securities scam was exposed, radical transformation and development was followed by bumbling insularity, a near monopoly of the NSE, poor leadership and lack of vision at the BSE and an unseemly collusion has kept competition out of the capital market space
Bees Saal Baad—our Cover Story this time—is about the securities scam of 1992 and its investigation. One can’t look back over the past 20 years without reflecting on the transformation of the Indian capital market during this period.
The securities scam finally ensured that the Securities and Exchange Board of India ...
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