The Finance Ministry has put out draft rules intended to give the Forward Markets Commission (FMC) powers to control the intermediaries better. This follows the massive NSEL scam which was unearthed last year. The bubble burst as investors in large numbers began participating in its trade without proper regulation even as a toothless FMC remained a…Read More
September 4, 2013
The NSEL Fiasco: The Legacy of Harshad Mehta Continues!
On 1st of August 2013, a financial fiasco was reported which largely went unnoticed in the national news media. The surprising fact is that the current fiasco reported in the...Read More
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