New Delhi, Oct. 10 -- The Securities and Exchange Board of India (Sebi) has issued a series of proposals aimed at simplifying the regulatory framework for stock exchanges and clearing corporations.

In its consultation paper released on 8 October, the markets regulator outlined its objectives to improve ease of doing business by removing outdated rules, reducing compliance costs, and consolidating various directives.

Mint explains the reasons behind the proposed reforms and what these changes could mean for the future of India's financial market oversight.

What is the main goal of Sebi's proposals?

The primary goal, Sebi said, is to modernise the administration of market infrastructure institutions (MIIs), which include stock exchanges...