RTI ON NSE

RTI ON NSE







It refers to National Stock Exchange (NSE) challenging in Delhi High Court full-bench CIC verdict about covering stock-exchanges by RTI Act. Whole episode exposes the bitter reality about members of public finding hard to reveal information from organisations claiming not be covered by RTI Act. There was a time that most public-utility services including telephone-service were monopolised by government or its companies. But era of ‘free’ economy has put ordinary people at mercy of private service-providers with these service-providers usually having deaf ears to grievances from consumers. Till does not follow to extend RTI Act to private sector, the Act should be amended to specifically cover all service-providers like in banking, telephone and others which are compulsorily governed by government-regulatory authorities like TRAI or Reserve Bank. Such a provision will automatically take care of stock-exchanges. It should not pose any resistance from the government because already private electricity-distributors are covered by RTI Act on such grounds. However best is to extend RTI Act to private sector.