Also, the party has highlighted that it is deeply concerning to learn that Madhabi P. Buch, the SEBI Chairperson, has been investing in Chinese funds. When the Prime Minister of India can publicly give China a clean chit, it’s hardly surprising that a key regulatory figure is engaging in investments linked to China.
What’s latest: Swiss investigations find Adani group engaged in wrongdoings. Here’s how the story unfolded.
Even though this is partly due to base effect, what is more interesting to note here is that the inflation has averaged at 3.65 per cent for the first two months of the second quarter. The RBI has forecast an average 4.4 per cent inflation in the second quarter.
The Economic Survey 2023-24 suggested that India had to create 78.5 lakh jobs in the non-farm sector by 2030 to cater to the rising workforce
The Congress party has raised fresh set of allegations against the Securities and Exchange Board of India (Sebi) chief Madhabi Puri Buch saying the Sebi chief rented out her properties to Carol Info Services, a firm part of Wockhardt and against which is facing probe by the market regulator.
Toxic work culture is not accepted not only at a regulatory organisation but in any organization.
It is even more important when such charges arise at a regulatory institution. Sebi is the guardian of Indian investors in the securities market. It cannot operate in the shadow of accusations and mistrust. It is extremely important for Sebi to clean up its house and restore confidence among its own employees and investors.
Earlier, Congress leader Pawan Khera on Monday raised serious concerns about Buch. In a press conference, Khera accused Buch of receiving remuneration not only from the government but also from private entities, including ICICI Bank and ICICI Prudential, while serving in her official capacity, marking this as a serious conflict of interest.
Sebi’s refusal, in embracing an independent investigation and ask the Sebi chief to step aside during the period of the probe, sets a bad precedent. It raises serious questions on the very credibility of the regulator.
Business journalism has become a glorified version of public relation service for companies—much of the media is owned by companies and is run for companies and their interests The list of ‘Don’ts’ is far bigger than ‘Dos’ for journos. Let’s call it journalism of convenience.
Locally, food prices remain tricky. Hence, the central bank will continue on a wait and watch mode till end of this year before it gets convicing signals on a sustainable easing in inflation numbers.