‘The regulators should be congratulated for having managed the system well’

Posted: Friday, Nov 07, 2008 at 0021 hrs IST
Updated: Friday, Nov 07, 2008 at 0021 hrs IST

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: they would stay away. So one could, say, increase tax benefits if you invest through the mutual fund route. So at least the retail investors will go through the experts and participate in the market. And also reduce the gains from these investments. So you will have retail investors using professional services rather than doing something funny in the secondary market. And then the IPO route can also be used. Here, you could have IPOs at good valuation, where investors can make money and when this happens, confidence will be restored and retail participation will begin again. Reduction in transaction taxes, tax sops and IPOs, all of these should come together. Now, everybody has come together to salvage the banking system, and nobody has looked at the stock market, especially the investors. Although one must say that the market is not in a situation like what the global financial situation is and the regulators have not been congratulated enough. Otherwise, by this time, there would have been two or three scams and a couple of big operators going bust. Let’s give them credit as well. Moreover, these benefits should come as a package and from a perspective of strengthening the market with a view to have investors grow their wealth....

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