Recognising the importance of capital markets in ensuring the nation’s economic stability, Maharashtra was amongst the first states to have brought stockbroking, along with depositories and mutual funds, under essential services during the nation-wide lockdown imposed in March last year.
Urging the Maharashtra government to provide similar reliefs during the fresh round of restrictions, Mr. Narinder Wadhwa, President, CPAI, said: “On behalf of CPAI, it’s our earnest request to the Maharashtra government to issue necessary clarifications to exempt employees working in broking offices from any curbs on their movement. This is to ensure smooth operations and functioning of the broking offices as without the support of the broking industry, exchanges cannot operate.”
He also assured the government of all the necessary support and full compliance with all other guidelines.
Maharashtra’s new COVID-19 guidelines will come into force from 8 pm on April 5 will remain in force till 11.59 pm on April 30.