Blueprint of SEBI - I
Rohan sat in his office, late into the night, surrounded by stacks of papers and documents.
His mind was sharp, despite the fatigue setting in from the long days of planning and decision-making.
It was becoming increasingly clear to him that India's stock markets needed a body capable of regulating and protecting the financial infrastructure.
The Bombay Stock Exchange (BSE) had grown exponentially, particularly after the success of the LIC auction that had raised a stunning $5 billion.
Investors, both Indian and foreign, were pouring money into the markets.
But with this growth came concerns.
Market manipulation, insider trading, and unethical practices were becoming rampant, and Rohan knew that without proper oversight, the entire financial system could collapse under the weight of its own success.
Rohan leaned back in his chair, staring at the half-written document on his desk.