Well the SEBI is not an independant body as it is claims to be....it is a puppet at the hands of the Finance Ministry.......
But then how can the SEBI circular read one thing and the FM speak a totally different thing altogether.......
Even though Mr.Somayaih claims to be fighting for small investors...there is a tinge of personal animosity.....
The entire episode has been mismanaged and this is not the way to curb excess inflows......or the rising Rupee....
The SEBI is not meant to look at the benefit of the exporters or to check the rise in rupee.... it is for regulating the Stock Markets.....and what it has been doing in the past few days may help things in the long term but the entire thing could have been done in a much more clearer and smoother way
