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Posted by: mukesh mahadeo on 2010-05-29, 02:08:54
Just like relation between banks and RBI... BSE and NSE operate under directives of SEBI... RBI and SEBI are govt. bodies reporting to FM ( even though FM claims RBI is independent) and BSE and NSE are not actually like banks but association of brokers who perform at par with banks. all official, financial, public policy matters of exchanges are monitored by SEBI and amended from time to time. indians cannot digest scams, so SEBI has become strong and probably is the strongest exchange monitor in the world. |