Question:
Read the following passage and answer the question
The Securities Exchange Board of India's (SEBI's) move, under its new Chairperson Madhabi Puri Buch, to undertake a thorough review of securities market regulations should be welcomed as it is a necessary initiative to keep up with the times. The review can perhaps focus on three aspects. One, as India's financial market evolves with rising retail participation, market regulations need to keep up with new products and asset classes that are springing up. While comprehensive frameworks are in place to govern traditional investment vehicles such as stocks, bonds and mutual funds currently, newer options such as curated stock portfolios and digital gold which are quite popular with retail investors, are in the grey zone. Two, existing laws on insider trading, front-running and other market crimes rely mainly on call logs, preservation of transcripts and sharing of information on official databases to prevent leakage of unpublished price sensitive information (UPSI). But the widespread use of social media platforms such as WhatsApp, Twitter and YouTube apart from apps that encrypt and instantly purge messages, are helping rogue players bypass such checks, with the result that mass dissemination of false information about dodgy companies has become rampant. SEBI's regulations must be rewritten to plug this gap. Three, regulations that haven't been updated in a while can stand in the way of innovation and deter the launch of new products or services that better serve the interests of investors. The proposed review must do away with redundant regulations wherever warranted, to facilitate market development. Updating laws apart, if financial market regulators such as SEBI are to keep up with new-age fraudsters, they need to be armed with the skillsets and regulatory powers to keep up close surveillance of communications through the digital media, call for information and carry out decryption to decipher such data. Recently, for instance, the Securities Appellate Tribunal (SAT) refused to uphold a SEBI ruling against market players for insider trading, after they were discovered to be sharing unpublished company results on WhatsApp groups, on the grounds that these messages couldn't be traced back to company insiders. SEBI is therefore quite right to seek powers from the Government under the Information Technology Act, 2000 and the Information Technology (Procedure and Safeguard for Monitoring and Collecting Traffic Data or Information) Rules, to be allowed to access digital communication channels and carry out interception and decryption of such information. The Centre should waste no time in arming SEBI with such powers, with adequate safeguards to protect personal data privacy. To keep up with scamsters, the regulator will also have to build internal capacity and skillsets in efficiently mining surveillance data, connecting the dots and building a convincing evidence trail. The Kotak Committee on Corporate Governance had noted that SEBI was severely under-staffed, overseeing 5,000-odd listed companies with just 800-odd staff while the US SEC had over 4,500 employees to oversee an equal number of companies. Apart from adding numerically to its workforce, SEBI must look at lateral hiring of data science and tech talent at competitive pay scales, to buttress its regulatory capacity to keep up with the times.
Read the following passage and answer the question
The Securities Exchange Board of India's (SEBI's) move, under its new Chairperson Madhabi Puri Buch, to undertake a thorough review of securities market regulations should be welcomed as it is a necessary initiative to keep up with the times. The review can perhaps focus on three aspects. One, as India's financial market evolves with rising retail participation, market regulations need to keep up with new products and asset classes that are springing up. While comprehensive frameworks are in place to govern traditional investment vehicles such as stocks, bonds and mutual funds currently, newer options such as curated stock portfolios and digital gold which are quite popular with retail investors, are in the grey zone. Two, existing laws on insider trading, front-running and other market crimes rely mainly on call logs, preservation of transcripts and sharing of information on official databases to prevent leakage of unpublished price sensitive information (UPSI). But the widespread use of social media platforms such as WhatsApp, Twitter and YouTube apart from apps that encrypt and instantly purge messages, are helping rogue players bypass such checks, with the result that mass dissemination of false information about dodgy companies has become rampant. SEBI's regulations must be rewritten to plug this gap. Three, regulations that haven't been updated in a while can stand in the way of innovation and deter the launch of new products or services that better serve the interests of investors. The proposed review must do away with redundant regulations wherever warranted, to facilitate market development. Updating laws apart, if financial market regulators such as SEBI are to keep up with new-age fraudsters, they need to be armed with the skillsets and regulatory powers to keep up close surveillance of communications through the digital media, call for information and carry out decryption to decipher such data. Recently, for instance, the Securities Appellate Tribunal (SAT) refused to uphold a SEBI ruling against market players for insider trading, after they were discovered to be sharing unpublished company results on WhatsApp groups, on the grounds that these messages couldn't be traced back to company insiders. SEBI is therefore quite right to seek powers from the Government under the Information Technology Act, 2000 and the Information Technology (Procedure and Safeguard for Monitoring and Collecting Traffic Data or Information) Rules, to be allowed to access digital communication channels and carry out interception and decryption of such information. The Centre should waste no time in arming SEBI with such powers, with adequate safeguards to protect personal data privacy. To keep up with scamsters, the regulator will also have to build internal capacity and skillsets in efficiently mining surveillance data, connecting the dots and building a convincing evidence trail. The Kotak Committee on Corporate Governance had noted that SEBI was severely under-staffed, overseeing 5,000-odd listed companies with just 800-odd staff while the US SEC had over 4,500 employees to oversee an equal number of companies. Apart from adding numerically to its workforce, SEBI must look at lateral hiring of data science and tech talent at competitive pay scales, to buttress its regulatory capacity to keep up with the times.
The Securities Exchange Board of India's (SEBI's) move, under its new Chairperson Madhabi Puri Buch, to undertake a thorough review of securities market regulations should be welcomed as it is a necessary initiative to keep up with the times. The review can perhaps focus on three aspects. One, as India's financial market evolves with rising retail participation, market regulations need to keep up with new products and asset classes that are springing up. While comprehensive frameworks are in place to govern traditional investment vehicles such as stocks, bonds and mutual funds currently, newer options such as curated stock portfolios and digital gold which are quite popular with retail investors, are in the grey zone. Two, existing laws on insider trading, front-running and other market crimes rely mainly on call logs, preservation of transcripts and sharing of information on official databases to prevent leakage of unpublished price sensitive information (UPSI). But the widespread use of social media platforms such as WhatsApp, Twitter and YouTube apart from apps that encrypt and instantly purge messages, are helping rogue players bypass such checks, with the result that mass dissemination of false information about dodgy companies has become rampant. SEBI's regulations must be rewritten to plug this gap. Three, regulations that haven't been updated in a while can stand in the way of innovation and deter the launch of new products or services that better serve the interests of investors. The proposed review must do away with redundant regulations wherever warranted, to facilitate market development. Updating laws apart, if financial market regulators such as SEBI are to keep up with new-age fraudsters, they need to be armed with the skillsets and regulatory powers to keep up close surveillance of communications through the digital media, call for information and carry out decryption to decipher such data. Recently, for instance, the Securities Appellate Tribunal (SAT) refused to uphold a SEBI ruling against market players for insider trading, after they were discovered to be sharing unpublished company results on WhatsApp groups, on the grounds that these messages couldn't be traced back to company insiders. SEBI is therefore quite right to seek powers from the Government under the Information Technology Act, 2000 and the Information Technology (Procedure and Safeguard for Monitoring and Collecting Traffic Data or Information) Rules, to be allowed to access digital communication channels and carry out interception and decryption of such information. The Centre should waste no time in arming SEBI with such powers, with adequate safeguards to protect personal data privacy. To keep up with scamsters, the regulator will also have to build internal capacity and skillsets in efficiently mining surveillance data, connecting the dots and building a convincing evidence trail. The Kotak Committee on Corporate Governance had noted that SEBI was severely under-staffed, overseeing 5,000-odd listed companies with just 800-odd staff while the US SEC had over 4,500 employees to oversee an equal number of companies. Apart from adding numerically to its workforce, SEBI must look at lateral hiring of data science and tech talent at competitive pay scales, to buttress its regulatory capacity to keep up with the times.
Updated On: Oct 17, 2024
- There is no human capital paucity in SEBI to regulate companies effectively
- SEBI should stay away from accessing digital communication channels
- Social media platforms are not generally misused to misguide the investors
- There are no clear-cut regulations to regulate digital gold
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The Correct Option is D
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The correct option is (D):There are no clear-cut regulations to regulate digital gold
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Top Questions on Reading Comprehension
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THE FAIR ISLE METHOD: Fair Isle knitting is a traditional technique that involves using two or more colours of yarn in a single row to create intricate patterns and designs. This method requires careful tension management to ensure even stitches and prevent puckering. To begin, select your colours and cast on the desired number of stitches. As you knit, alternate between colours every few stitches, carrying the unused yarn along the back of the work. Mastering the Fair Isle technique allows you to create stunning visual effects in garments, accessories, and home textiles.
THE CONTINENTAL STYLE: The Continental knitting style, often referred to as “picking,” involves holding the yarn in the left hand while the right hand manipulates the needles. This method allows for greater speed and efficiency, particularly when working with complex patterns or multiple colours. To practice this style, start by casting on your stitches and using your left hand to tension the yarn. With each stitch, simply “pick” the yarn with your right needle, forming a quick and fluid motion. As you become comfortable with this technique, you may find that your overall knitting speed and comfort improve significantly.
THE SHORT-ROW TECHNIQUE: Short-row knitting is an advanced technique that allows for the creation of shaped garments, such as sleeves and shoulders, without the need for complex shaping. To make a sleeve using this technique, begin by casting on the required number of stitches. Work a portion of the row, then turn your work and return without completing the full row to create the “short rows” that shape the curves of the sleeve. To prevent holes at the turn, wrap the stitch before you turn your work. Repeat this process as needed to achieve the desired shaping and dimension of the sleeve. Once you have shaped the sleeve, you can then sew the side seams to connect the pieces of your garment and finally, complete the edges to ensure a clean finish. This method not only helps shape curves but also adds dimension to your piece, allowing you to enhance fit and style.- AILET BALLB (Hons.) - 2025
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The Story of Coffee
Coffee, a beloved beverage enjoyed by millions around the globe, has a rich and captivating history that spans centuries. The story of coffee begins in the ancient highlands of Ethiopia, where, according to legend, a goat herder named Kaldi discovered the stimulating effects of coffee beans. One day, Kaldi noticed his goats frolicking with unusual energy after eating red berries from a certain tree. Curious, he tried the berries himself and experienced a newfound alertness. This discovery soon spread to monasteries, where monks used it to stay awake during long hours of prayer. From Ethiopia, coffee cultivation and consumption spread to the Arabian Peninsula, particularly in Yemen, where the practice of roasting coffee beans and brewing the drink began to take shape. By the 15th century, coffee had become a popular beverage in the Islamic world, with coffee houses known as ‘qahveh khaneh’ emerging as social hubs for conversation, music, and intellectual exchange. These coffee houses became centers of culture and commerce, influencing the spread of coffee to Turkey and beyond, eventually reaching Europe. In Europe, coffee initially faced resistance from religious authorities who considered it a ‘Muslim drink’ and tried to ban it. However, its popularity persisted, and by the 17th century, coffee houses had sprung up in major European cities, becoming important gathering places for artists, writers, and thinkers. The stimulating effects of coffee were embraced during the Age of Enlightenment, where it was seen as a catalyst for intellectual discussion and innovation. The journey of coffee continued with the establishment of colonial plantations in tropical regions such as the Caribbean, Central and South America, and Southeast Asia. These plantations fuelled the global demand for coffee, transforming it from a regional specialty to a major commodity. The industrial revolution further accelerated coffee production and consumption, leading to innovations in coffee brewing methods and the development of instant coffee. In the modern era, coffee has evolved into a deeply ingrained part of daily life for people worldwide. Its cultural significance spans from the bustling cafes of Paris to the quiet coffee farms of Colombia. Today, coffee remains not only a popular beverage but also a symbol of social interaction, productivity, and enjoyment. Whether sipped slowly over a conversation with friends or grabbed hastily on the way to work, the story of coffee continues to unfold, intertwining with the histories and cultures of countless societies across the globe.- AILET BALLB (Hons.) - 2025
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