Look at his face do you think he really has any idea what he is talking about. The press confrence was just a routine thing, part of his job, that he has to do it, and so he is doing it.
See how flimsily he is answering the questions. Pure babudom. Passed the exam, got the job, now he has to do something so he is doing it, else his salary and promotion might get affected. Really pathetic.
It is just about only one thing/ POOR RETAIL TRADERS… MUST NOT FIND A BACK DOOR TO GET RICH/.
It is not just the retail traders, see the impact of GST on those traders who don’t know A B C of computers, let alone file GST returns. Forcing them to find intermediaries to do the same for them. and thus inflating the cost of products and services. Because the costs of any business ultimately gets transferred to customers only. And these intermediaries knowing the retailer has no where to go charge anything they like.
Why doesn’t the government kick such babus out of offices?
May be because we are the ones who chose the government in first place.
It is a never ending cycle. You can never get out. either they will tax you to death or create such barriers as is being created right now.
They want to reduce speculation in the derivatives market. What a funny reasoning… Speculation is there because it is a tool for price discovery you foolish people. There WILL always be speculation. If you are so concerned then close the FnO market as a whole, then there would be no speculation.
I don’t know where do they find such kind of jokers to make regulations.
God somebody ask them first to take NISM certifications in stock markets and stock investing/trading and let them run a profitable enterprise for atleast 5 years before they are allowed to take office in SEBI or any place where they make rules about trading/investing in stock market.
Just a shit lot of people. Really disgusted and disappointed.
Public Interest Litigation is another options which @Vandana1 have pointed out earlier. Retail traders can voice their opinion and demand justice through it.
that could be one option as more people can ask to be made parties to the PIL. But everywhere strong participation and awareness is the problem. We need media friends to highlight our efforts.
Seems like SEBI has diverted the monsoon clouds from Kerala to tradingqna….It is raining(bull shit) continuously frm more than 48hrs…
Anyways, Happy Monsoon weekend!!!
P.S: Net-Worth is defined as the value of all FINANCIAL assets and NON-FINANCIAL assets owned by an individual, minus his or her liabilities, Period.
in such cases where a body makes rules which are excessive and are leading to loss of monetary income to someone it’s better to file a Writ petition in Mumbai HC to prohibit them or stay the action…a PIL would not be appropriate because firstly this is not an environmental or social kind of issue but is based on monetary loss to a certain group due to a policy…
Secondly it’s …1. as per govt policy, 2. Technical based and 3. Rule based issue and court will have to go into lot of technical details to understand it.
So there would be less chances of it becoming successful and court might dismiss it (although you might get advocates who will agree to file it)
Hence a Writ petition to stay an excessive order is more appropriate …which can be filed in HC by one or more persons.
In that case no point worrying too much right now…let’s wait for sebi to come out with the rule first …maybe it might place a soft rule initially so that only little restriction gets placed and everyone doesn’t get affected too much monetarily. In that case it won’t be required to approach the court at all.
However, I feel the need of the hour is for retail traders to come together and form an association, a group. Everyone is scattered right now and it’s difficult to fight for rights in this way. A corpus needs to be created by this group which can help to deal with emergency monetary needs which can help to take up the cause of the group.
I agree. 50L is way too high per individual. I have a feeling that this is gonna happen. Its very difficult to stop SEBI unless big players start speaking up
Why will big players speak up for small ones?
It’s survival of the fittest … big fish are always on a lookout to eat small fish.
But why can’t small fish get together and form a big fish …things will become very easy that way …monopoly of autocratic organisations can be challenged that way and they can be subdued
Many people don’t even care. But lets not blame them. Everyone has their life, problems, opinions. Many people just support the strongest person/group. So if you ask for support, you have to first show that you are eligible…
Yu to mai akela chala tha magar, log judte gaye, karvaan banta gaya…
.It is raining(bull shit) continuously frm more than 48hrs…
