So is the issue concerning the introduction of derivatives trading in the Indian capital market. The capital market has been anxiously awaiting the outcome of deliberations of L C Gupta Committee, which was formed to draft regulations for derivatives trading. The debate seems to be endless with only some 'fruitful discussions going on for the past 11 months'.
With the dissent notes becoming the order of the day, one should not be surprised to see a few such notes forming the part of the final report. Sebi will then invite public opinion which will deliberate on the matter and finally come before the Sebi board for clearance (Which may take many months if one were to go by fate of modified carry forward system).
This perhaps lends credence to the argument that committees can only help in delaying decision making.
