Stock brokers association urges Maha govt to allow it's staff to travel by local trains

Stock brokers' Association of National Exchanges Members of India (Anmi) on Tuesday urged the Maharashtra government to giver permission for the staff of stock broking and depository services to travel by local trains.

“Stock markets are critical for the economy and as such its various constituents are important financial market institutions. Further, they should be allowed to commute so as to ensure that these establishments function smoothly,” Anmi said in a letter to the Ministry of Transport and Parliamentary Affairs, Maharashtra.

The stock brokers' association said that despite the Maharashtra government and Ministry of Home Affairs declaring stock broking and depository services as essential services, the staff were not allowed to commute in local trains.

Stock broking and depository services were declared an essential financial service by the Maharashtra government on April 13, 2021.