CURRENT AFFAIRS

Detailed explanation-1: -Who is the head of the SEBI committee to suggest norms for Social Stock Exchanges (SSE )? Notes: The Securities and Exchange Board of India (SEBI) has recently constituted a committee on Social Stock Exchanges (SSE) under the chairmanship of Ishaat Hussain, Director of SBI Foundation.

Detailed explanation-2: -In July this year, Sebi notified a framework for SSEs. This followed recommendations by Sebi’s technical group on SSEs, headed by former Nabard chairman Harsh Kumar Bhanwala.

Detailed explanation-3: -The 18-member committee will now be headed by R Balasubramaniam, chairman of Grassroots Research and Advocacy Movement (GRAAM). It was earlier chaired by Ishaat Hussain (Director at SBI Foundation and former Finance Director at Tata Sons).

Detailed explanation-4: -The panel will now be chaired by M S Sahoo, former chairperson, Insolvency and Bankruptcy Board of India (IBBI).

Detailed explanation-5: -1.1. This memorandum seeks approval of the Board for putting in place a framework for the Social Stock Exchange (SSE) under the regulatory ambit of SEBI. 2.1.