The NSEL effect

Despite several assertions by the newly-appointed MCX-SX management that the Rs 5,400 crore National Spot Exchange Ltd (NSEL) scam will not impact the operations of the stock exchange, one of the key questions candidates for jobs are being asked is on this very subject. The interview panel, which includes former home secretary G K Pillai , former LIC managing director Thomas Mathew and former deputy governor of the Reserve Bank of India V Leeladhar, among others, asked some aspirants, "How could the NSEL scam have been averted?" Some candidates were stumped by the question because they were under the impression that they would be asked questions about improving the performance of MCX-SX.