Comment on Intraday leverages reduced across the board

Vineet commented on 05 Jan 2020, 12:00 PM

This is a classic example of ‘sarkari babugiri’.
Just because a guy is a class 1 officer, govt. entrusts responsibility on him of the things he/she doesn’t know.
A person who doesn’t know any bit of railways is looking after key roles in railways.
Same things regarding Collectors, and in this context, SEBI bureaucrats.
Some damn guys who don’t know any bit of capital market, are made to administer it.
What would happen if a person who doesn’t know driving is asked to drive a truck? Catastrophe !!
Before taking such an important decision, SEBI should have taken wide consultation with the stakeholders & invited objections. Nothing happened.
Seems that there is nobody who would stand behind small traders.

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