Why is Indian Government trying to bail out an super highly sold, unviable and unprofitable Capital Market?
Indian Government and the Finance Ministry need to answer this question, in the most candid manner possible. They owe it to the millions of people who do not have demat a/cs but still pay VAT, the millions of salaried class government employees earning a pittance while still paying income tax.
Why does the government want to lose the precious capital, and help FIIs earn far better returns instead of waiting for the deluge to be over. By constantly baby-sitting the stock markets, the government is encouraging callous investors. Why is LIC investing in bear markets, by using investor money, when they never pay more to policy holder on the back of a bull market.
Farmers kill themselves for the want of pity amounts, and the government turns a blind eye. Come FIIs in trouble, and greedy "investors" wanting support to book profits, the DIIs come in an bail them out.
Indian market is just that a creche for rich and HNIs, it is far far away from being a free and fair open market.
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