Chhattisgarh govt staff allowed to invest in shares, MFs; intraday trading prohibited

The Chhattisgarh government has allowed its employees to invest in shares, securities, debentures and mutual funds, an official here said.

However, the prohibition on investment activities like intraday trading, BTST, Futures and Options (F&O) and cryptocurrency will continue to remain in force, the public relations department official said.

The state's General Administration Department on June 30 issued a notification pertaining to amendments to the Chhattisgarh Civil Services (Conduct) Rules, 1965, under which, on the lines of provisions of the Government of India, now government servants of the state are allowed to invest in shares, securities, debentures and mutual funds, he said.

The amendment has been implemented by adding a new sub-section in Rule 19, which aims to ensure transparency in financial transactions, the official said.

But it has been clearly stated in the notification that frequent purchase and sale of shares, securities or other investments (trading/investment in Intraday, BTST, Future and option (F&O) cryptocurrency) shall be treated as misconduct, he added.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)