What was setup on the recommendation of vaghul committee?

The Vaghul Committee, established in 1997, recommended the setup of the National Stock Exchange (NSE) as a major initiative to modernize and enhance India's capital markets. It emphasized the need for a transparent and efficient trading system, leading to the introduction of electronic trading platforms to improve market accessibility and efficiency. The committee's recommendations also aimed at fostering investor confidence and enhancing regulatory frameworks to support market integrity.