Cong Seeks Total Overhaul Of Sebi

New Delhi: The Congress on Thursday stressed the need for professional regulation of financial markets with a “total overhaul” of SEBI and called for a relentless focus on global manufacturing ecosystems across the technology spectrum to carve out niches for India.

Congress general secretary in-charge communications Jairam Ramesh shared a media report on X which quoted founder and director, Kotak Mahindra Bank, Uday Kotak, as saying that over-financialisation can hurt the Indian economy as investors move their savings into equities without understanding valuations. He made the remarks while expressing concern on over-financialisation.