SEBI chief rings growth alarm bells

India’s capital market regulator today made a distress call to revive investor interest and check the slowdown.

Written by ENS Economic Bureau | Mumbai | Published: June 8, 2012 9:32 pm

IN an uncharacteristically hard-hitting assessment of the slowdown,India’s capital market regulator today made a distress call to revive investor interest and check the slowdown.

“There is an overall feeling of anger and rejection,” SEBI chairman U K Sinha said at a financial seminar here.

“I would like to highlight that there are some reforms which have long been pending…It has been years and years…And that is something — a matter for all of us to ponder very seriously that how long can we go on deferring this? We all know the story of what happened in the retail sector FDI,PFRDA and pension reforms,” he said. “We cannot become complacent about policy making and implementation domestically.”

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