Sebi, staffers at odds over transfers, promotions and external appointments

Employees allege breach of transfer policy, accuses HR of non-transparency; protests to resume on October 22

Dissatisfaction has arisen among staffers at the Securities and Exchange Board of India (Sebi) over recent transfer orders and the policy in this regard.

A letter on Wednesday from the Sebi Employee Association (SEA) to chairman Ajay Tyagi says the staffers "are collectively feeling let down".

A e-mail from this publication to the Sebi management was not answered.

According to sources, Sebi's human resource (HR) department had on Monday issued transfer orders for about 80 people, or a tenth of the markets regulator's total staff strength. The transfer orders came on the heels of an SEA protest against the promotion policy and opposition to