NSE case
While the ‘antics’ in the National Stock Exchange case are glaringly embarrassing, the situation needs to be assessed from a different perspective (Page 1, “CBI arrests former NSE MD Chitra Ramkrishna”, March 7). Those who invest in stocks are of two kinds: those who want to make big money quickly and those who are prepared to wait for a longer period for a bounty. In Ms. Ramkrishna’s case, the first category has been immensely benefited. All those who were blissfully unaware of the machinations have stood to lose heavily.
The nation too has been taken for a ride as a result of manipulation of the exchange’s server architecture. This has indirectly hit the Indian economy. What is still mystifying is how the top officials allegedly involved thought they would not face the prospect of being found out.
