The Chhattisgarh government has permitted its employees to invest in shares, securities, debentures, and mutual funds. This change was made by amending the state’s service rules.
Rule Amendment Issued
On June 30, the General Administration Department issued a notification about changes to the Chhattisgarh Civil Services (Conduct) Rules, 1965. A new section has been added to promote financial transparency among government staff.
Speculative Trading Still Prohibited
Although investing in equity and mutual funds is now allowed, employees are still banned from:
Intraday trading
Futures and Options (F&O)
Cryptocurrency
BTST (Buy Today, Sell Tomorrow) strategies
Also, frequent buying and selling of shares or securities will be considered misconduct.
Similar to Central Government Rules
This rule is similar to the central government’s policy, where employees can invest in equity and mutual funds but cannot take part in speculative or repeated trading activities.
Why the Move Matters
The decision comes at a time when more people are turning to equity markets as a long-term investment tool. Traditional investment options like fixed deposits are losing popularity.
Stock Market Growth
Indian stock markets have performed strongly in recent years. Benchmark indices like the Sensex and Nifty have gained nearly 140% over the last five years, encouraging investors to explore equity investments.
