SEBI chief Tuhin Kant Pandey has made a big statement amidst the upheaval in stock markets around the world. He said that the Indian markets are completely strong. He said in an interview that his focus is on investment safety, market development and market regulation.
SEBI is focused on four things
The SEBI chief said that his effort is to promote trust, transparency, technology and teamwork. He has emphasized mutual belief between SEBI and its ecosystem. He said that issues related to the conflict of interest are being reconsidered. He said, “Regulation should be risk -based. If the risk is high, more investigation is required. If something cannot be monitored at a subtle level, we should not join it.” He said that the old rules will also be reviewed and steps will be taken to simplify them.
Investors do not need to worry.
He said that along with ease of business, balanced regulatory monitoring is also necessary. However, this should not affect the integrity of the market. He said, “New products are coming out with the development of the market. The Indian capital market is growing rapidly. There are many possibilities including energy future in the future.” He tried to address investors’ concerns about market volatility. He said, “Our payment and disposal system is very strong. There is no possibility of any kind of lapse. The contracts are being respected. People can enter the market without any problem and get out.”
India’s situation is very strong.
Referring to India’s strong position, he said that the economy will increase at a rate of 6.5 percent. The government’s budget is going to promote development. The monetary policy has become softened. In IPE, he has expressed concern over some specific issues. But still, the widespread trend of IPO market remains strong. Several reform measures have been taken by SEBI.
