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Markets regulator Sebi on Monday proposed a comprehensive overhaul and consolidation of information technology-related regulations applicable to market infrastructure institutions aimed at simplifying compliance requirements, removing redundancies and ensuring regulatory consistency across. In its consultation paper, the regulator proposed merging provisions of the Master Circulars for stock exchanges and clearing corporations with the Master Circular for commodity derivatives,while also creating a consolidated circular covering common IT-related areas such as cyber security, cyber resilience, annual system audits, business continuity planning and disaster recovery (BCPDR), capacity planning and technology advisories. Sebi said several provisions currently duplicated across different circulars and frameworks could be streamlined to improve regulatory clarity and reduce compliance burden without diluting oversight. Among the key proposals, Sebi has suggested removing repeated ...
India's digital public infrastructure (DPI) has achieved world-class scale, but challenges relating to digital access, data governance, interoperability and cyber security remain areas of concern, Chief Economic Advisor V Anantha Nageswaran said on Friday. Addressing an ICRIER event on "Digital Public Infrastructure & Public Service Delivery", Nageswaran said large sections of the population, particularly the elderly, people living in areas with poor connectivity and those with low literacy and limited digital fluency, still face barriers in accessing digital services. "Digital infrastructure, however sophisticated, is not the same as digital inclusion in the fullest sense. The last great challenge of ensuring that those who most need services are also those who can most easily access them through digital means, that remains an ongoing effort," Nageswaran said. He said legislative and institutional framework in the area of data sharing and digital records is still ...