Centre to review RBI powers as part of financial sector reforms | Business Line

Centre to review RBI powers as part of financial sector reforms | Business Line

Online comments posted on December 15, 2013:

M Govinda Warrier
If RBI has failed as an institution, why FM is favouring revisiting only select functions RBI is mandated to do? The need of the hour is first reforming RBI. As regards bond sales, it is common knowledge that non-availability of sale outlets is not the reason for lack of demand. When IPOs of non-discript companies are oversubscribed, Centre’s disinvestment proposals relating to giat PSUs are not finding takers and NPS is not able to attract subscribers outside the captive membership belonging to government and public sector. The implementation of FSLRC recommendations should follow due process of deliberation and legislation and proceeding with implementation hurriedly may end up in controversies much larger in magnitude than those surfaced after such bull-dosser approach in the cases of NPS and AADHAAR. 

M G Warrier, Thiruvananthapuram


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