Business Daily from THE HINDU group of publications
Wednesday, Aug 30, 2006
Business Daily from THE HINDU group of publications Wednesday, Aug 30, 2006 |
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Markets
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Investor Grievances Our Bureau
Coimbatore , Aug. 29 As a regulator, SEBI would heed investor concerns, the Chairman of the Securities and Exchange Board of India, Mr M. Damodaran, said here today. He was responding to queries during an interactive session organised jointly by the Confederation of Indian Industry, the Institute of Company Secretaries of India and Young Indians. He said the investor should take the exit route if he was not happy with a company that was listed and its shares traded in a stock exchange. While the regulator wanted to frame `exit' rule it could not obviously get into the area of "performance", he said.
Training facilities
Earlier, speaking on `Taking India Forward in the 21st Century,' Mr Damodaran expressed confidence about the present day youth taking the country to safe shores. "Sitting back and talking about 8 per cent growth, about the educated talent pool etc indicate the strings of challenges and opportunities. While we have the skill sets to meet the demand, we need to find out if we have the necessary training facilities," he said and conceded to regional disparities and poor physical infrastructure. He emphasised that both - the political and administrative will - would be necessary to put projects in place. The issue is not on money being available, but in postponing decisions. "In our search for perfection, we never get started. The mindset is in `the decision-making process'," he said, and added that the best quality amongst younger generation is "impatience".
Setting standards
He called upon the youth to set "seemingly impossible standards" and try to achieve them, to persuade policy makers gear up the physical infrastructure needs, to stress the need for higher institutes of learning like the IIMs and IITs and simplification of legal procedures and pronouncement.
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