India’s Securities market code revision should lay down penalty provisions in black and white
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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
A review of proposed changes to India's Securities Market Code offers an opportunity to close the space for interpretive differences in the imposition of penalties for violations. Market participants value certainty and the statute must provide it.
Key Facts
Type Policy
Source Livemint - Opinion
Published Wednesday, 6 May 2026
Affected Population ~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
PM-JAY: 55 crore beneficiaries
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right