With new powers, it is time for Sebi to deliver

Having completed 25 years as the markets regulator, Securities and Exchange Board of India has already put in place fairly robust rules and processes. Its primary role now pertains to the enforcement of its rules and regulations, but its track record on this front has been poor. One of the reasons given for this was the lack of adequate powers, such as recovering penalties by attaching and selling properties and accessing information such as call data records.

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