Visiting Senior Fellow Shankkar Aiyar writes in The New Indian Express on the lack of information around regulatory actions:
"The financial and legal landscape of public savings is Indian and complex. There are five regulators for deposits of various kinds—the NHB, RBI, SEBI, MCA and state governments. Given the velocity, volatility and the growing magnitude of public savings, transparent disclosures are critical. You could say there will always be a delta between the observed and the observable factors. The ‘curious incident’ is that regulators frequently limit disclosures of what has been observed from those whose hard-earned capital could be impacted. Opacity is a silent risk factor which India can ill afford."
Read the full article here.