Current Affairs - Miscellaneous - Discussion

Securities and Exchange Board of India (SEBI), the capital markets regulator, has opposed the Centre's proposal to transfer surplus money to the Consolidated Fund of India (CFI). The government has also proposed an amendment to the SEBI Act, 1992. The amendment proposed that the surplus of the general fund, after factoring in all the SEBI expenses and the transfer to the reserve fund, needs to be transferred to the CFI as per amendments proposed in the Finance Bill, 2019.