If it ain’t broke

Given the manner in which the Sahara Group’s mammoth fund-raising slipped through India’s various financial regulators, or how the turf war between Sebi and Irda resulted in sales of fresh ULIPS being stopped for a few months, India’s financial sector regulatory system needs some pretty serious fixing. More so when you consider it will be at least 8 times as large in the next 30 years or so (based on its current proportion of GDP and the rise in GDP) and will be far more complex than it is today. 

Read Full Story>>