Entities accessing market face higher fees

Capital markets regulator Securities and Exchange Board of India (Sebi) has decided to raise the fees for entities accessing the market. The raise, based on an internal panel's views, will be to help Sebi to generate resources to pursue policy initiatives set for the next financial year.

Sebi said the raise will be done while ensuring the impact on investors was minimal. According to Sebi's annual reports, between FY09 and FY11, Sebi had made an average budget surplus of Rs 80 crore. However, in two financial years, due to rising expenses and stagnant fee income, it had a gap.