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Tuesday, June 24 1997
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Two exchanges, two cultures![[Details]](/icons/bullet.gif){kind=icon}
A storm has started brewing in the National Stock Exchange over the proposal of the management to force all members to sign indemnity bonds as an additional safeguard against the introduction of fake, forged or stolen shares.
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Going up in smoke
It would be quite unrealistic to draw too many inferences not only for the US tobacco industry but also its counterparts elsewhere. The accord reached last week between US state attorneys and the industry hardly has the power of the statute. But this is not the only likely impediment to its implementation.
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Regulation by the markets
Every time a scam breaks out, shrill cries for more regulation are heard. The fact that the scams continue to occur at fairly regular intervals, and regulators do not seem to have learnt anything from their past mistakes, do not worry the proponents of more regulation.
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Andhra Pradesh: a tiger in waiting
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The Group
