Disqus - Latest Comments for georgemathew

Re: Sucheta Dalal :Muscle-flexing

georgemathew — Tue, 04 May 2010 08:36:20 -0000

There's no transparency at all in the functioning of the BSE and the NSE. It's strange that Sebi is not demanding more disclosures from them. When the bourses are not transparent and don't believe in "good governance", how can they demand more disclosures from the companies listed on these exchanges?
Sebi's actions in this particular case (market development scheme) are also very very strange...

Re: Sucheta Dalal :SEBI’s Serial Slip-ups

georgemathew — Mon, 29 Mar 2010 02:14:06 -0000

This "Swamy10" didn't have the courage to put his name. I fully endorse the views of Sucheta on the ULIP issue.

Re: Sucheta Dalal :When you have butter why seek ghee?

georgemathew — Sun, 07 Mar 2010 04:20:30 -0000

Good ideas Mr Ramakrishna. I'm reading your article after a long time. I wonder why the government has exempted individual legal services from paying tax. Reason: There are some powerful politicians who are also big-time lawyers. They will be forced to pay tax. Does the finance minister have the courage and strength to tax these "powerful" politicians? I doubt it. Mr Ramakrishna should write more about contemporary issues...

Re: Sucheta Dalal :India Foils’ minority shareholders get a raw merger deal

georgemathew — Wed, 03 Mar 2010 23:26:18 -0000

Good article. There's no dearth of promoters who have scant regard for shareholders and law. Are Sebi officials sleeping?

Re: Sucheta Dalal :Collar the Watchdog

georgemathew — Wed, 03 Mar 2010 23:20:30 -0000

Our regulatory bodies are functioning like ivory towers. And their top officials are in some utopia. I don't think they know the pulse of the market and retail investors. They have been enforcing regulations using the trial and error method. There's a lack of basic wisdom. Why is the government turning a blind eye to the drama going on in the capital market? Look at the IPO market, they (regulators) have managed to keep retail investors out. In the name of "investor protection", they will now kill the mutual fund setor also. Let's hope that the Parliament, lawmakers and the Finance Minister will bring some sanity in the market.

Re: Sucheta Dalal :Put the SEBI House in Order First

georgemathew — Tue, 08 Dec 2009 06:00:06 -0000

I agree with Sucheta. Why's 'investoractivitist' scared of putting his/her name?

Re: Sucheta Dalal :Public NSE’s Private Shareholders

georgemathew — Wed, 11 Nov 2009 06:15:30 -0000

NSE's argument is a joke. What are they trying to hide by trying to be "private"? It's another tactic by the NSE to remain a closed-door club without facing any questioning from any quarters. As it turns out, majority of the stake is held by government-owned banks and FIs. Then how can it be a private company? If the NSE is a private company as it claims, then the government should immediately take steps to make it a public company.
Can the NSE explain how it expanded the shareholder base and the criteria adopted to select the shareholders?? How did it select Gopalakrishnan, Tanti and Kothari as shareholders?
NSE should be more open and transparent and set an example to hundreds of other listed companies.
Is Mr Pranab Mukherjee listening?

Re: Sucheta Dalal :Cooperative Banks don’t report defaulters

georgemathew — Mon, 05 Oct 2009 02:41:27 -0000

Vidyut, Good story... This never occurred to me...

Re: Sucheta Dalal :Good Times at the NSE

georgemathew — Mon, 05 Oct 2009 02:17:22 -0000

Other listed companies at least disclose various details, including "vulgar" CEO salaries in their Annual Reports which are in the public domain. But why stock exchanges are not making their CEO salaries public? As Indian exchanges are private, unlisted companies, they take it for granted... Stock exchanges are the least transparent organisations in the country. Ironically, they demand complete transparency from companies listed on them. Wall Street used to be like this earlier. My suggestion is that exchanges should send their Annual Reports to all listed companies and the media.