Two years after its creation to deal with an alarming number of potential audit lapses in India, the NFRA continues to be sidelined.
The story goes something like this. The chairman of a newly minted regulator is called as the chief guest for an inaugural address to its industry event. He accepts. But wait, the chairman says he needs one clean hour. Anything less and his time will be spent only in congratulating the industry on doing a good job during the pandemic. The organizers aren’t sure. “But the minister will speak in that session and we can’t time him. One hour for you is too long in the inaugural session, please cut it down to 15-20 minutes,” the organizers say. The chairman …
Jayshree is a former writer at The Morning Context. As journalist, she had nearly a decade of experience across Mint, Business Standard and Bloomberg TV India. The bulk of her career has been devoted to tracking the capital markets regulator, exchanges, regulatory policies, financial scams and corporate governance issues. One of her biggest breaking stories was her incisive coverage of the colocation scam which put the lapses at NSE in the public domain.
jayshree@mailtmc.com