can Finance Minister buy or sell shares before Budget announcement ?
If not, they can also share info. with their close relatives?
@Pratikkkkkk @TridentDG @luciferous @Loaferg @Finguru @Fin_Warrior @Finance_Geek
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But how will they do an investigation on current FM, untill and unless the government changes
As far as I know.. folks who has the details are made to stay in FM building itself...no connect with the outside world..
Halwa ceremony is start of it..
This is the final ceremony. Budget is in preparation for 6 months minimum (at lower levels ). Its not possible to avoid leakages and insider trading because the number of people involved are huge (and those too government employees).
Thats common for corporates too. Auditors are in scrutiny by SEBI every quarter but still insider trading happens somehow.
I dont think this problem is avoidable at all. Can be kept at minimum level so it doesnt affect the overall market sentiment. With a market of 5 trillion i doubt a couple of billions (over a period of time) will have a significant impact.
Have you never seen swearing ceremony it address your question
I don't think they can... SEBI can run an investigation and charge them for unfair practices even if they share tips with their close circle.
By the way, Chidambaram used to do that I heard ...
But how will they do an investigation on current FM, untill and unless the government changes
As far as I know.. folks who has the details are made to stay in FM building itself...no connect with the outside world..
Halwa ceremony is start of it..
https://timesofindia.indiatimes.com/business/in...
This is the final ceremony. Budget is in preparation for 6 months minimum (at lower levels ). Its not possible to avoid leakages and insider trading because the number of people involved are huge (and those too government employees).
Thats common for corporates too. Auditors are in scrutiny by SEBI every quarter but still insider trading happens somehow.
I dont think this problem is avoidable at all. Can be kept at minimum level so it doesnt affect the overall market sentiment. With a market of 5 trillion i doubt a couple of billions (over a period of time) will have a significant impact.
Have you never seen swearing ceremony it address your question