Wednesday, June 30, 1999
Super watchdog
Regulatory authorities for the financial sector are in. Besides the Reserve Bank (banking and forex), India has SEBI (capital markets) and the Insurance Regulatory Authority (IRA).
Free restructuring
Hardly a day goes by without a report that the government is considering the merger of some refinery or the other with one of the marketing companies.
Of derivatives trading and taxation issues
Speculative element in any kind of forward market is not only inevitable, but is, in fact its basic feature.
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