Put the SEBI House in Order First

The market regulator has arrogated so much power that many of its actions go unquestioned

Show me the person and I will show you the rule. That seems to be the guiding principle of the Securities and Exchange Board of India (SEBI) these days, having gradually arrogated so much power that many of its actions go unquestioned.

What started out as one of the first independent regulators in...

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