Business Standard

Shouldn't regulators have constitutional status?

Since 2014 the Modi government has attempted several structural reforms


T C A Srinivasa-Raghavan
Here’s a question that polite people are not asking: Could the extraordinary happenings at the National Stock Exchange (NSE) have happened without the finance minister and his key officials knowing, even if the former didn’t know the details and latter were merely what Lenin called “useful idiots”? Does the sun rise in the West?

One more question: Can Sebi doze off on the job like the durbaans who see their main job as being a khidmatgar to the boss, and not a guard? Can the RBI be so utterly neglectful in its supervision of banks? Can Trai be so blatantly
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Feb 25 2022 | 11:48 PM IST

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