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Did SEBI Kneel To ‘Royalty’?
Why should every step towards better corporate governance automatically be construed as another impediment to doing business?
04 May 2019, 02:00 PM IST
The Securities and Exchange Board of India’s decision to delay the implementation of shareholder approval for royalty payments is yet another tug-of-war between the market regulator and the Ministry of Finance. The Indian economy needs both foreign direct investments as well as foreign portfolio inflows – one cannot exist at the cost of the other. This uncertainty does not augur well for investor confidence in India.
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