“we” the idiotic peasants were never in the picture.
Some intelligent leader wanted to arm twist SGX and move all overseas business to a new building called GIFT in Gujarat that would have been a gift to Elites who in turn wud finance (gift) & extend the supreme leader’s political journey.
True, but what to do/?
Our silly govt is frustrating.
As much as I love this country, and hence stayed back even when I had the oppurtunity to leave to the US, I get frustrated everytime I look around.
Kya kare?
But yes, what you said is right, and that’s why I’m still in India.
I think SGX nifty futures will continue , but as they said , it seems that , sgx nifty future will be based on EOD of NIFTY 50 , which is available publicly , but i think popularity of this SGX NIfty future depends on FII’s , and also interesting thing is that , Singapore Govt Sovereign Fund Teamasek has large investment in Indian stock market . SGX nifty future is mainly driven by tax evading FII’s . I think we no need to blame Indian Govt, but if one has to blame , its the SEBI doing all the wrong thing. One thing i am hoping for is , re-introduction of Nifty Mini contracts .