How does the concept of public accountability apply to SEBI in the given scenario
Congress criticizes SEBI for rejecting RTI request, calling it a mockery of public accountability.
- SEBI is a public regulatory body responsible for overseeing the securities market in India.
- Public accountability is essential for SEBI as it is entrusted with protecting investors and ensuring the integrity of the financial markets.
- SEBI's rejection of an RTI request could be seen as a lack of transparency and accountability towards the public.
- Transparency in decision-making processes, especially regarding information that impacts public interest, is crucial for maintaining public trust in regulatory bodies like SEBI.
- Congress's criticism highlights the importance of SEBI's accountability to the public and the need for greater openness in its operations.
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7 months ago