The India Blog

The India Blog is about the socio-political-economic landscape of the country, its cultural moorings and the challenges it faces – whatever affects the lives and future of the people living within its boundaries and beyond.

Whose side is SEBI on?

by Anand Tandon
Friday , August 31, 2012 at 13 : 26

Assume we are living at a time when we still used boats to travel long distances. Imagine a large, leaky boat about to set out on a stormy sea. Imagine that this boat is about to make a journey that in the normal course will last over a year. Additionally, the boat has had a history of capsizing a few times in the past, often taking with it the passengers. However, each time, the owners are able to pull the boat out from the sea put up a few patches and declare it seaworthy. It would seem obvious that tickets for the trip would be hard to sell especially to people staying in the vicinity of the port of launch.

Now imagine that there is a regulator whose job is to protect the passengers. The regulator is charged with certifying the sea-worthiness of...Read more...


Last week, the Indian government appointed Dr Raghuram Rajan, a distinguished economist, as its chief economic adviser (CEA). The CEA advises the government on possible policy options and priorities. There are no executive responsibilities other than to prepare the various economic reports that are presented to Parliament - including the Economic Survey. In this context, it may be useful to look at the policy preferences of the new CEA.

In April, Rajan made a speech in New Delhi in the presence of the PM where he signed off with "I have been frank as an academic, that is the only value I bring". This suggests that perhaps he thought that his speech would not be to the liking of his listeners. But was it really that radical?

The speech (along with my somewhat...Read more...



More about Anand Tandon

Anand Tandon joined JRG Securities Ltd in November, 2010 . He is a B.Tech from IIT, Kanpur and a PGDBM from IIM, Ahmedabad. He has over 20 years of experience in the capital market. He has in the past held senior leadership role at ASK Raymond James & Associates, Edelweiss Capital and in the Global Analytics Group of Citibank. He was also the Co-founder of Gryffon Investment Advisors, a boutique investment management company focusing on alternate investment strategies and Portfolio Management Services.

Anand is a regular media commentator on capital market trends. Prior to joining JRG, he was Head of Equities at Brics Securities Ltd, Mumbai.

Recent Posts by Anand Tandon

  • Whose side is SEBI on?

    Assume we are living at a time when we still used boats to travel long distances. Imagine a large, leaky boat about to set out on a stormy sea.

  • Can we expect anything new from the new chief economic adviser?

    Last week, the Indian government appointed Dr Raghuram Rajan, a distinguished economist, as its chief economic adviser (CEA). The CEA advises the government on possible policy options and priorities.

In this blog
Karan ThakurKaran Thakur
Addressing suppressed sexuality

The ghastly and brutal gang-rape and murderous assault on a 23 year old by six men in New Delhi last month has shaken the national consciousness and hit our

Somesh GoyalSomesh Goyal
The gangrape and thereafter

The brutal gangrape of a 23-year-old girl by six criminals in a moving bus on Dec 16 has shocked the nation like never before. One positive aspect has been

Trina Nileena BanerjeeTrina Nileena Banerjee
After the gangrape and death: the road ahead

I do not wish to reiterate the emotional responses that most women I have spoken to have felt about the rape and the subsequent death of the 23-year-old girl.

Monojit LahiriMonojit Lahiri
No woman is complete unless she's a mother: true or false?

"Hello?" the voice was vaguely familiar, muted, hesitant, unsure. It was from a young acquaintance. He sure didn't sound too bright. The reason, as explained haltingly in the next

Oindrila MukherjeeOindrila Mukherjee
One weekend and a tale of two tragedies

Now is the winter of our discontent - Richard III, William Shakespeare.

Newtown. New Delhi.

In the immediate aftermath of the mass shooting at Sandy Hook,

Pragya MajumderPragya Majumder
Raped: Speak up and suffer!

Yes, that is exactly what my country the so called largest democracy dishes out to its citizens. My friend who was horrifically raped and then pushed out of a

Chandrabhan PrasadChandrabhan Prasad
Why UP's forwards and backwards oppose the Quota Bill on promotions

Take a tour of the newspaper archives of the month of May every year and when it comes to National Capital Region (NCR) news, there is a clear pattern.

Tanvi MehtaTanvi Mehta
What's with Indian men?

A new show that hit TV screens this week asks the question, 'What's with Indian Women?'. But given the sheer volume of crimes against women in this country this

Vandana AnandVandana Anand
Towards an active citizenry

A person coming out of a crowd could become a whistleblower, standing against what are disabling forces to raise his/her voice, setting a hard-hitting example for many others to