Jaitley asks Sebi to be vigilant
Jaitley asks Sebi to be vigilant
Pitching for greater transparency in rule-making and other functions of regulators, Finance Minister Arun Jaitley today asked Sebi to be vigilant about possible violations in markets and focus more on attracting retail investors and addressing their grievances.
 
Talking to reporters after the board meeting, Sebi Chairman U K Sinha said that the Finance Minister also discussed the implementation of Union Budget announcements related to the capital markets, as also the current state of the investment climate in the country. In today's board meeting,
 
Sebi cleared two key proposals to enable creation and listing of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), for which tax concessions were announced by Jaitley in his budget speech. In his first interaction with the board members and top officials of the capital markets regulatory body after taking charge as Finance Minister, Jaitley also discussed issues related to recommendations of the Financial Sector Legislative Reforms Commission (FSLRC). The FSLRC report, submitted last year to the government, has suggested wide-ranging reforms in the way the financial sector is regulated in the country including in the banking, insurance and capital market segments.
 
Sinha indicated that the government might have wider consultations before taking any legislative actions on FSLRC recommendations, but it was up to the government to take any final call on these issues. Later in a statement, Sebi said that "the minister advised Sebi to remain vigilant about probable violations in the market, focus more on attracting the retail investors and on redressing investor grievances". "The current state of the investment climate in the country and the recommendations of FSLRC were also discussed," it added The Sebi Chairman apprised Jaitley of the initiatives taken by the regulator and a presentation was made on the status of the securities markets.
 
"Two-three important messages which the Minister gave to us were, for example, measures to be taken to attract retail investors into the market. "He was very keen that we should take more measures...and issues like investor awareness were discussed," Sinha said.
 
The Sebi chief said that Jaitley also discussed the FSLRC recommendations with the board. "Finance Minister suggested that the regulators should move towards greater transparency," Sinha said. .  
 
When asked about the impact of the suggestions made in the FSLRC report, Sinha said that any decision in this regard would be taken by the government and not in the board meeting of Sebi. "He (Jaitley) did not disclose his mind on this," the Sebi Chairman said.
 
On legislative measures suggested in the FSLRC report, Sinha said that his understanding was that the government would have more consultation before they make up their mind.
 
Asked about the non-legislative changes, Sinha said, Finance Minister is of the view that "all regulators should work towards more transparency in regulation-drafting and all..Asked about the surveillance functions of Sebi, Sinha said that Sebi also presented before the board a report on all such actions taken by it during the last quarter.
 
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Differences Between Store Retail and Non-Store Retail
Differences Between Store Retail and Non-Store Retail
 

In today's dynamic retail environment, understanding the nuances between store retail and non-store retail is crucial for entrepreneurs and business owners. These two retail models cater to different customer needs and preferences, shaping the way we think about shopping and commerce.

Store Retail: The Traditional Touchpoint

Store retail, often synonymous with brick-and-mortar stores, offers a tangible shopping experience. Customers value the sensory engagement – the ability to touch, feel, and try products. This model thrives on personal interaction and immediate gratification. A customer in Chennai shared, "I prefer store shopping for clothes, as I can try them on for the perfect fit." Indeed, a 2023 survey revealed that 65% of shoppers prefer buying certain items in-store due to these factors.

Moreover, store retail supports the local economy. Small businesses and retailers form the backbone of communities, offering personalized services. A study by the Retailers Association of India highlighted that small retail businesses contribute significantly to local employment, accounting for about 10% of the workforce.

Non-Store Retail: The Convenience Revolution

On the flip side, non-store retail, which includes online shopping, direct selling, and telemarketing, has transformed the retail landscape. The ease of shopping from anywhere at any time is its biggest allure. A Bengaluru-based entrepreneur mentioned, "Online shopping has been a game changer for my business, allowing me to reach customers nationwide."

Statistics reinforce this trend. In 2023, e-commerce in India saw a 30% growth, indicating a shift in consumer behavior. This model also offers wider selections and competitive pricing, driven by lower overhead costs.

Balancing Both Worlds

For businesses, the key is in balancing both models. A hybrid approach caters to diverse customer preferences. An innovative example is a Mumbai retailer who integrated QR codes in their physical store, enabling customers to scan and learn more about products online.

Comparative Overview of Store vs. Non-Store Retail

Here's a tabular comparison highlighting key differences:

Aspect Store Retail Non-Store Retail
Customer Experience Sensory engagement, personal interaction, immediate gratification. Shopping from anywhere, anytime convenience.
Economic Contribution Contributes to local employment (approx. 10% of workforce in India). Rapid growth (30% increase in e-commerce in India, 2023).
Product Interaction Ability to touch, feel, and try products. Often relies on product descriptions and reviews.
Customer Preference Preferred for certain items (65% of shoppers for clothes, as per 2023 survey). Increasingly popular for a wide range of products.
Business Model Requires physical space, higher overhead costs. Lower overhead costs, wider reach.
Local Impact Supports local economy, community-centric. Less direct local economic impact, but broader market access.
Adaptation Innovating with technology integration (e.g., in-store QR codes). Continuously evolving platforms and delivery methods.

In summary, the retail terrain is characterized by the unique yet harmonious functions of store-based and non-store retailing. Store retail, celebrated for its tactile experience and instant satisfaction, remains a favored choice for many shoppers, especially for items where physical interaction is key. Conversely, non-store retail has transformed the way we shop through its unparalleled ease and extensive scope, propelled by the expansion of digital platforms.

 

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