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■ RBI sets up authority to review regulations:

 ■ RBI sets up authority to review regulations:



◇ The Reserve Bank of India (RBI) has set up the Regulations Review Authority 2.0.


◇ The authority will review regulatory prescriptions internally as well as by seeking suggestions from RBI-regulated entities for simplification and ease of implementation.


◇ Deputy Governor M. Rajeshwar Rao has been appointed as the Regulations Review Authority. The authority would have validity for a period of one year from May 1.


◇ The RBI had set up a similar authority in 1999 for reviewing regulations, circulars, reporting systems.


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■ RBI sets up authority to review regulations: Reviewed by Lalatendu Patra on May 10, 2021 Rating: 5

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