SEBI's new move to cut retailers participation in F&O!

[TraderGYO]

4. Write individually directly to Govt of India.

Express your concerns also directly as a suggestion to,
Government Of India.
Department Of Administrative Reforms & Public Grievances

Centralized Public Grievance Redress And Monitoring System (CPGRAMS)
https://pgportal.gov.in/

hello I am trying this method but I am not seeing "Department Of Administrative Reforms & Public Grievances" in the departments option. There are finance departments (banking and insurance) and "investment and public asset" in the departments option. Others are seemingly unrelated departments. Which department do I have to select can someone kindly tell?

 

[rivi]

Now, what measures will Sebi take to restrict these volumes? New move to cut retailers(speculators) participation in INTRADAY CASH SEGMENT?

Looks like Govt want to average economy from the stock market.
May be in coming days,a trader having 10L+ capital with broker will be able to trade Cash Market.
Trader with 1-2L capital will not be allowed for Scalping.A settlement penalty will be levied if done so.

 

[headstrong007]

hello I am trying this method but I am not seeing "Department Of Administrative Reforms & Public Grievances" in the departments option. There are finance departments (banking and insurance) and "investment and public asset" in the departments option. Others are seemingly unrelated departments. Which department do I have to select can someone kindly tell?

You need to register first.
https://pgportal.gov.in/Registration

Then log in to the site to see more options like below.
https://pgportal.gov.in/Home/LodgeGrievance

 

[vikas2131]

Looks like Govt want to average economy from the stock market.
May be in coming days,a trader having 10L+ capital with broker will be able to trade Cash Market.
Trader with 1-2L capital will not be allowed for Scalping.A settlement penalty will be levied if done so.

Actually they wont do so.. people trading in cash market will give them a lot of STT

 

[rivi]

@headstrong007 Sir,what about commodity?commodity market too get affected sooner by this move?

 

[soft_trader]

@headstrong007 Sir,what about commodity?commodity market too get affected sooner by this move?

No change of policy for commodity as of now. But it may well happen in future.

 

[kainiteh]

@headstrong007 Sir,what about commodity?commodity market too get affected sooner by this move?

No change of policy for commodity as of now. But it may well happen in future.

atleast MCX there for us to hunt and to be hunted...



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[TraderGYO]

You need to register first.
https://pgportal.gov.in/Registration

Then log in to the site to see more options like below.
https://pgportal.gov.in/Home/LodgeGrievance

I was selecting concerned authority as the Central Government that's why the problem arose. I had to select "not known/not listed".

 

[Newbie Day-Trader]

https://economictimes.indiatimes.co...ons-in-ifsc/articleshow/63959547.cms?from=mdr

It's funny isn't it that STT was introduced & justified under the pretext that foreign traders were getting tax benefits over Indian traders (at least that seemed to be one of the justifications based on a research-paper I've read), & now, there's a special exchange setup for letting foreign players get tax benefits in terms of STT & other taxes, & yet, Indian traders would still be stuck with it. As logic would dictate, since the government introduced STT to level the playing-field for foreign & Indian traders, for the same reason, now they should reduce/eliminate STT for EVERYONE.

 

[TraderGYO]

https://economictimes.indiatimes.co...ons-in-ifsc/articleshow/63959547.cms?from=mdr

It's funny isn't it that STT was introduced & justified under the pretext that foreign traders were getting tax benefits over Indian traders (at least that seemed to be one of the justifications based on a research-paper I've read), & now, there's a special exchange setup for letting foreign players get tax benefits in terms of STT & other taxes, & yet, Indian traders would still be stuck with it. As logic would dictate, since the government introduced STT to level the playing-field for foreign & Indian traders, for the same reason, now they should reduce/eliminate STT for EVERYONE.

As long as it brings Dollars to India, they will do anything.