Lack of Licensee Screening:
Licenses were awarded without proper checks on financial stability or criminal records. Despite a ₹100 Cr investment needed for a liquor zone, no financial criteria were set, allowing weak entities to qualify. #PolicyFailure
Surrendered Licenses:
The government's failure to re-tender surrendered licenses resulted in a loss of ₹890 crore.
Fee Waivers:
Irregular fee waivers, citing COVID-19 as a reason, caused an additional loss of ₹144 crore.
Current Market Wide Position Limit (MWPL) is 20% of non-promoter shares. Breaching it bans stocks. SEBI’s simulation shows delta-based OI keeps 90% of trades ban-free.
How it works:
Delta measures option price sensitivity to stock moves. Unlike the current static OI method, this dynamic approach better reflects risk, reducing stocks hitting ban limits (MWPL).