BANKING & FINANCE
SEBI
SEBI Establishes Expert Panel Chaired by Dr. D.B. Phatak for Future-Ready Securities Market Technology
The Securities and Exchange Board of India (SEBI) has formed a high-level working group to draft short-term and long-term technology roadmaps for the Indian securities ecosystem.
The group is led by Dr. D.B. Phatak, Professor Emeritus at IIT Bombay, with the objective of defining the future tech architecture for capital markets.
Internal tools such as 'SEBI Sudarshan' (digital market surveillance) and 'SEBI R(AI)DAR' (AI-based advertisement monitoring) were highlighted as existing tech milestones.
The panel will also focus on strengthening governance frameworks for Market Infrastructure Institutions (MIIs) like stock exchanges and depositories.
Significance: This move marks SEBI's proactive approach in integrating Artificial Intelligence and advanced surveillance to maintain market integrity.
The group is led by Dr. D.B. Phatak, Professor Emeritus at IIT Bombay, with the objective of defining the future tech architecture for capital markets.
Internal tools such as 'SEBI Sudarshan' (digital market surveillance) and 'SEBI R(AI)DAR' (AI-based advertisement monitoring) were highlighted as existing tech milestones.
The panel will also focus on strengthening governance frameworks for Market Infrastructure Institutions (MIIs) like stock exchanges and depositories.
Significance: This move marks SEBI's proactive approach in integrating Artificial Intelligence and advanced surveillance to maintain market integrity.
Key Facts / Static GK
SEBI Established: 12 April 1988 (Statutory powers in 1992)
SEBI Headquarters: Mumbai, Maharashtra
SEBI Chairman: Tuhin Kanta Pandey
SEBI Headquarters: Mumbai, Maharashtra
SEBI Chairman: Tuhin Kanta Pandey
Practice Quiz — 16 March 2026
Q1. Who administered the oath of office to Syed Ata Hasnain as the Governor of Bihar?
Answer: (C) Chief Justice of Patna High Court — As per the Constitution of India, the oath of office to a Governor is administered by the Chief Justice of the High Court of that state. In this case, Chief Justice Sangam Kumar Sahoo of the Patna High Court administered the oath.
Q2. Which Union Ministry was primarily responsible for organizing the 'Purple Fest' at Rashtrapati Bhavan?
Answer: (C) Ministry of Social Justice and Empowerment — The 'Purple Fest' is an initiative focused on Divyangjan (Persons with Disabilities), which falls under the jurisdiction of the Ministry of Social Justice and Empowerment.
Q3. What is the new revised fee for the NHAI FASTag Annual Pass for the financial year 2026-27?
Answer: (C) ₹3,075 — The NHAI has revised the FASTag Annual Pass fee from ₹3,000 to ₹3,075 for the financial year 2026-27, effective April 1, 2026.
Q4. Tuticorin Airport, which was recently renamed Thoothukudi Airport, is located in which Indian state?
Answer: (D) Tamil Nadu — The airport is located in the state of Tamil Nadu. The renaming was approved to reflect the local name of the city, Thoothukudi.
Q5. The festival of 'Chapchar Kut' is associated with which Indian state?
Answer: (C) Mizoram — Chapchar Kut is the most important traditional spring festival of the Mizo people in Mizoram, celebrated after the completion of jhum cultivation tasks.
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