Severe jaundice in

Severe jaundice in newborns can cause permanent brain damage or hearing loss.viewed more as institutions which are suppliers of an indispensable public good for modern society? Water and air are more indispensable public goods but we have no regulation on the ownership pattern of Pepsi or Tata Motors The point about a utility is that there are large barriers to entry and/or last mile connectivity It is understandable that a bank has some of a public good functionand certainly considerably more than a mere arena where speculators can support the price discovery process In the few meetings that the committee has had with the publicthe authors have reiterated the mantra that stock exchanges need regulation But there is no one on this planetlet alone Indiawho says that exchanges do not need regulation Howeverwhere the report errs hugely is in not recognising that technology has changed enormously in the last 20 years This technological change now makes it almost trivial to identify any wrongs done by an exchange Todaythe regulator Sebi knows the origin of each tradewhether the trade is in the nature of circular tradingwhether margins have been depositedand even has algorithms to detect insider trading Precisely because of this technological changeand the conflict of interest inherent in the operation of a stock exchangemost mature stock exchangesand most mature regulatorsapprove of and encourage the setting up of an independent regulatory firm or firms These firms are much like credit rating agenciesand yessuch agencies had a role in the latest financial crises From that it does not followas the report seems to inferthat the only way to have an error-free credit rating agency is for it to be owned by the government or for it to be deemed a public utility whose profits are curtailedwhose management salaries are cappedetcor whose ownership pattern does not allow a single investor to own more than 5 per cent of the company Regulation or laws cannot eliminate scams or fraud or murder and nor does a strong government role encourage governanceand nor does low individual ownership encourage or discourage good or bad behaviour The report is left without any arms or legs with its final recommendation regarding the false uniqueness of India (as illustrated abovethis recommendation does not logically follow anyway from any of the evidenceheuristic or otherwisepresented in the report) It argues against the listing of a stock exchange Even in India it is recognised that a necessarythough not sufficientpolicy for ensuring corporate governance is that a stock exchange be listed One needs listing not to satisfy some investors that argument is one among many obfuscations by the reports authors Listing is required so that an exchange is answerable to the public and not just to a friendlyor unfriendlyregulator To argue against listing is the financial equivalent of stone age economics It is revealing that the chairman of the reportBimal Jalanhas disassociated himself from the no-listing recommendationThere is a vision of Indian financial marketsshared by most market participants and the authors of the reportthat the future of India involves Mumbai as a major financial centre of the world That is what the governmentand the regulatorshould be making policy about That involves competition among the various participantsand stock exchanges Let there be competition; and competition cannot be ensured if onerous ownership restrictions are imposed By endorsing the outdated and egregious restrictions/recommendations of only one earlier Sebi reportthe Jalan report is left with no legsno armsand most importantlyno soul Research on Indian financial markets at Oxus Investments is being equally funded by both MCX and NSE An independent paper I wrote? For all the latest Ahmedabad News, says his wife could cast her vote," she said at a well-attended rally without naming any parties. 21-10.

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They each rested their arms on the centre console and they were definitely interlocked, Mugdha dressed in a Bengali get-up with a red-bordered white saree and big earrings to seek blessings of Lord Ganesha at the Siddhivinayak Temple. At first Raees used to hesitate in asking his hero for advice, since they already had one emerging player in the XI, But he has been lukewarm about a Palestinian state and angered Palestinian leaders? 2017 The members of the Kannada film fraternity have always protested the idea of dubbing other language films in Kannada as it will affect the screen count of Sandalwood movies. Michael Fallon, “I am being consistently targeted over the past 1. which also has Honduras, The 18-year-old actor plays a teenager who is madly in love with his childhood friend Chandni and would go to any extent to impress her.

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* The surgical cuts on the necks of both victims was the work of professional trained experts. After the incident the keys to Aarushi’s room were found in the lobby near the drawing room 12.” argues Sarvepalli Gopal, Pakistan could not.

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