Something to cheer about

The NSE today released a circular declaring that, in accordance with SEBI directions, the conditions for the securities lending and borrowing scheme (SLBS) will be relaxed from Dec 22 onwards in order to attract more participants to that market. The SLBS is basically a mechanism which allows participants to short sell shares in the Indian equity markets. I suspect that India is the only country in the world which has made short selling easier this year (the practice was introduced in India just a few months ago). I of course am all in favour of allowing short selling. Atleast some regulators have the sense to avoid shooting the messenger.