Currency futures - back to control instead of regulations.

Today's Economic Times has a piece on currency futures regulations by Rajrishi Singhal which is spot on (pun intended). My guess, though it is a guess at best, is that these curbs (and possibly more) would be 'recommended' by RBI, and SEBI in its attempt to reconcile so that at least some movement occurs, would have accepted these terms. RBI needs to get away from the control era and SEBI needs to stand up to big brother if the above hypothesis is correct.