SEBI employees are protesting on August 5 in Mumbai, citing dissatisfaction with allowances and a controversial new Key Result Areas (KRA) system, here are some things to know.
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Approximately 700 employees from the Securities and Exchange Board of India (SEBI) are planning a protest at the SEBI head office in Mumbai.
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The protest reflects a growing wave of dissatisfaction among SEBI staff that has been building over the past two and a half years.
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A major grievance is the perceived disparity between the allowances provided by SEBI and those offered by the Reserve Bank of India.
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The introduction of a new system for uploading Key Result Areas (KRAs) has added to the unrest.
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SEBI’s follow-up apology email did little to address the concerns, and mistrust within the organization remains high.
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The internal turmoil is particularly concerning as it contrasts with SEBI’s efforts to improve conditions for external stakeholders.
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The planned demonstration underscores the need for SEBI to reassess its internal policies and address employee grievance.