Sebi, staffers at odds over transfers, promotions and external appointments

Dissatisfaction has risen among staffers at the Securities and Exchange Board of India (Sebi) at recent transfer orders and the policy in this regard.A letter on Wednesday from the Sebi Employee Association (SEA) to chairman Ajay Tyagi says the staffers "are collectively feeling let down".A e-mail from this publication to the Sebi management was not answered. According to sources, the human resource (HR) department had on Monday issued a transfer orders for about 80 people, a tenth of the total staff strength at the markets regulator. That was a sequel to an SEA protest on promotion policy, beside opposition to an order of October 4 for the transfer of Manoj Kumar, cheif general manger and president of SEA.In the letter to the chairman, SEA has cited a circular on the transfer policy, dated August 22 last year. It has said this policy is being breached. According to this, the management had to seek the preference of an officer before issuing a transfer order, especially when the move .

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