The regulators in India have a big problem. Of over regulations.
Both the apex body of banking & stock market, off late, are coming up with bizarre suggestions.
One says FD money is pulling out & is going into mutual funds. Other says, most trading happens in F&O and they want public to stop it.
I mean, it’s public’s money. Let them invest it as they want to.
If that’s the problem & you really want to protect & reward retail savers, make all the fixed deposits upto ₹5L tax free.
Rather than increasing the margins in Futures to ₹20L a lot, ban the daily expiry sessions & multiple unnecessary contracts rather than punishing retail traders.
Now some pro-regulators will scream that’s not feasible. So are these unnecessary over-regulations not feasible for both industry leaders & participants.
Regulations are good to keep checks & things in place. Over regulations are a burden, pain in the neck & suffocate the growing markets.
