Securities and Exchange board of India – The market watch dog of India seems to be the latest entrant to social networking world like Twitter, Facebook and blogs for communicating to investers and to initiate discussions at these platforms as part of it’s investigation and oversight activities. Sebi hires IT professionals whose role would be to keep a track on social media platforms like Twitter and blogs for all market related information, comments and discussions.
“SEBI is also planning it’s own official presence in twitter and other networks to strengthen it’s information flow process for investors and other market stakeholders” says a Senior Officer in SEBI. Reserve Bank of India is also planning for a presence on social networking platforms like twitter. Recently, RBI conducted a survey to know whether it should make it’s web interface more interactive with features like discussion forum, live chat and blogs. Recently the prime minister of India Mr. Mahmohan had a debut on Twitter and would further explore the potential of facebook for dissemination of Information and collating the public views. More government departments would follow suit as social networking platforms are used successfully by Government bodies.