Decoding the Indian financial code 2.0

The Financial Sector Legislative Reforms Commission was constituted by the previous United Progressive Alliance government in March 2011. The commission was set up since it was felt there was a need to review the legal and institutional structures of the financial sector in India and recast these in tune with contemporary requirements Stock Market Trading Tips

The commission gave its first report in March 2013, which drew sharp criticism from the central bank, with Governor Raghuram Rajan calling some of the recommendations schizophrenic.

The finance ministry has put out a revised draft in public domain and invited comments from stakeholders Himanshu Tiwari Astrologer Blog

The commission proposes a financial regulatory architecture featuring six agencies:
(a) Financial Authority;
(b) Reserve Bank of India;
(c) Financial Redress Agency;
(d) Resolution Corporation;
(e) Financial Stability and Development Council; and
(f) Public Debt Management Agency Indian stock market astrology prediction