LOT OF 'ONION PEELING' TO ATTAIN A GLOBAL FIRST: SEBI ON T+0

Regulatory body's chief says it involved a lot of problem-solving and personal discomforts

Attaining the global first of T+0 settlement involved a lot of problem-solving and personal discomforts, SEBI chairperson Madhabi Puri Buch has said giving the analogy of "onion peeling" for the achievement.

Speaking at the annual convocation of the Indian Institute of Management Ahmedabad (IIMA) on Saturday, Buch also said the current generation of Indians is on its way to seeing the "high noon" of the new India.

"My colleagues often tell me that problem-solving with me is like peeling an onion. It makes everybody cry in the process. But by the time you are done, peeling layer after layer after layer of the onion, you suddenly realise there is no problem left," she said while addressing students of IIMA as the chief guest of the 59th annual convocation.