Sebi brass feels delay inevitable

FSLRC recommendations controversial, so decision will take time, feel observers

The Securities and Exchange Board of India (Sebi) believes it is unlikely to get the extra powers it has been pressing for quite some time, in the near future. Some of the powers sought coincide with recommendations in the recent Financial Sector and Legislative Reforms Commission (FSLRC) report. “My feeling is now that the FSLRC report has come, the government and Parliament will perhaps try to combine everything and take one major decision, rather than taking a decision on our own recommendation,” said a top Sebi official. B N Srikrishna, chairman of the FSLRC, has ...