Govt Fears That Panel’s Suggestions May Hit Competition, Fund Raising - The Securities and Exchange Board of India and the government are expected to reject some of the contentious recommendations of the Bimal Jalan committee on the grounds that they could restrict competition and also affect companies that depend on the securities market for fund-raising. Amid hectic lobbying by various stakeholders –– including exchanges depositories and clearing houses ––sources involved with regulatory decision-making said that several players have voiced their concerns over the inability to list exchanges, something that the committee, which also had representatives from the finance ministry and Sebi, has recommended.
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