Two visions of PSU freedom
Autonomy, it would appear, suffers from automorphism. For, in the next few weeks, when the union industry ministry unveils a package of graded autonomy for "midi" and "mini" Navratnas, it will once again not just underscore the widening chasm between the industry ministry and the Disinvestment Commission's approach to PSU autonomy.
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Pune SE case shows need for depth needed now
First there was the SEBI investigation of the Pune Stock Exchange (PSE) which resulted in 24 brokers being issued show cause notices of suspension for illegal badla. This was a follow up to the unprecedented step of the Securities and Exchange Board of India (SEBI) superceding the elected broker members of the governing council.
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