Its not just about MARGINS !
SEBI has operated TUGLAQ style in the past few years. Rules are being made in a haphazard manner. And then taken back after sometime or amended. Unscientific methods are being followed !!! Some good things have happened no doubt but overall its like we are in a banana republic. No stability !
Ajay Tyagi is a electrical engineer(UG), Computer science(PG) and Masters in Public Administration ! Do we in India have a dearth of good economics graduates ? Why not pick somebody from IRS ? He is also making rules without enough consultation with all participants. Authoritative style !
Also a history graduate has been appointed to RBI.
All this points to mismanagement in Ministry of finance !
I will not talk anything more on this since it is not related to stock markets.