NSE: An agent to separate the wheat from chaff
The NSE opened the doors for many who worked under big brokers
The trading framework we have in place today is the outcome of efforts made by all market participants, including the regulator, the exchanges, the intermediaries, the support machinery of demat services, custodial services, banking services —the entire ecosystem. The evolution of this framework begins with one of the last laws to be passed by Parliament before Independence, the Capital Issues Control Act, which was enacted on 18 April 1947. It was about who would be in charge of capital in a socialist India: the government, through the Controller of Capital Issues (CCI).