| Random thoughts of a regulator | | | Manas Chakravarty / Mumbai October 13, 2004 | | | |
| When the Chairman of the Securities and Exchange Board of India (Sebi) writes a book on the securities market, one expects, at the very least, to find a reasoned, cogent and in-depth discussion of the issues animating the market.
| | | | | We may expect a debate on the pros and cons of various policy alternatives. Or we could expect insights into how policy making is done within Sebi.
| | | | | On an altogether different level, we might look for anecdotes and stories that help flesh out and render human the often all-too-cerebral, dry-as-dust processes of regulatory policy. Unfortunately, Bajpai’s book fails to deliver on every one of these expectations. Instead of the gourmet fare that we anticipated, what we get is khichdi.
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