Relevance for Banking, SSC & RBI Grade B exams: Economy
SEBI chief Tuhin Kanta Pandey has outlined three critical conditions for the revival of the Calcutta Stock Exchange (CSE), emphasizing financial viability, technological robustness, and regulatory compliance. Pandey stated that the CSE must achieve a minimum net worth of ₹100 crore and maintain an average annual turnover of ₹1,000 crore to resume operations, as trading has been suspended since 2013–14 due to a drastic decline in turnover. Additionally, the exchange must submit a detailed business plan, invest in an online trading system, online surveillance, cybersecurity frameworks, and establish a nationwide network of trading members. It must also settle outstanding dues to brokers and either set up a separate clearing corporation or tie up with an existing one for trade settlements.
For banking and SSC aspirants, this SEBI directive highlights the regulatory framework governing stock exchanges, a key topic in economic and financial awareness sections. RBI Grade B candidates should note the emphasis on financial stability (net worth, turnover), technological infrastructure (online systems, cybersecurity), and compliance (clearing corporations), which reflect broader themes like financial market reforms, digital transformation in exchanges, and SEBI’s role in maintaining market integrity. Understanding such conditions is crucial for exams assessing knowledge of financial regulations and their impact on economic governance.
Source: The Indian Express
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