K) RESEARCH AND OTHER STUDIES
 
 

The SEBI has been increasingly focussing on strengthening and expansion of Research Department in order to provide research input to its policies and disseminate the data and information for wider use and knowledge of the public. As mentioned in the previous year’s report an Economic Adviser to head the Research Department and two Economists were inducted in 1997-98. In 1998-99, one additional Economic Adviser was inducted into the Department. The Department undertook basic research studies besides preparing the Annual Report of the SEBI. A report entitled The State of Capital Market is under preparation.
 
 

The Department also started bringing out a monthly bulletin reviewing the developments in the primary and secondary capital markets besides covering other segments of the capital market such as mutual funds, FIIs and market intermediaries etc. The Research Department assists the SEBI management for preparing research notes on various aspects of capital market. The Department, as mentioned in the previous year’s report, initiated a Investors’ Survey in collaboration with the National Council of Applied Economic Research (NCAER). The survey which covers a large sample of household investors is in progress. The Department has also undertaken a few research studies relating to capital market.