Silent SEBI vs. Raucous RBI

Mostly Economics

Let us start with a story. There were two children in an Indian household. One was “perceived” as this really brilliant type who was really liked by relatives & friends (both in India and abroad). The other was this silent type who was relatively ignored by one and all. As the first one was highly popular, the parents were also pushed into thinking highly of the kid. This constant adulation also led to continuous pressure on the parents to meet first one’s demands and this led to certain frictions as well. But beyond that, it was all hunky and dory. The first one got constant tutoring even from abroad over the years. The second one was nearly ignored barring ensuring the basics but it never really created any trouble over this favoritism.

Years of such thinking and adulation passed. The parents were highly busy and did not have much time…

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