One Hundred Twelfth Congress of the United States of America
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The Reliance share switching scandal, gross disappointment with Morgan
Stanley’s Mutual Fund issue, misdemeanors of the so-called plantation companies
and the turbulence in the NBFCs with the CRB group in the vanguard hurt the
secondary market and further eroded investors’ trust in the stock market. Primary
market scam of the mid-1990s, an important one in this sequence, which meant
unscrupulous fly-by-night promoters made good with public money and some of
them even ‘vanished’ after collecting funds from the public, severely shook the
confidence of the individual investors. In addition, communal disturbances -- the
latest being the Gujarat carnage,...
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One Hundred Twelfth Congress of the United States of America
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One Hundred Twelfth Congress of the United States of America
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