Financial Sector Legislative Reforms Commission Fslrc

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  Clipping RBI Chief's Veto Not an FSLRC Proposal: Member

  The revised draft of the Indian Financial Code (IFC), which proposes that any decision on monetary decision should be taken by majority by a seven-member committee without any veto power to the RBI chief, has created a furore and was seen as an attempt to curtail the central bank's autonomy.

• Sebi to Launch Consultation for Promoter Re-Classification

  Adopting a key non-legislative recommendation of the Financial Sector Legislative Reforms Commission (FSLRC) for overhaul of financial sector regulatory framework, the Securities and Exchange Board of India (Sebi) is launching public consultation for framing rules to allow re-classification of promoters at listed firms looking to become public shar...

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  Government to Soon Implement Many FSLRC Recommendations

  The Financial Sector Legislative Reforms Commission (FSLRC), chaired by Justice B N Srikrishna, has suggested a non-sectoral, principle-based approach to revamp the existing framework. Among various suggestions, the FSLRC has suggested creation of a unified financial sector regulator comprising SEBI, IRDA, FMC and part of RBI.

• GDP Growth of 8% Possible in 2-3 Years: Chidambaram

  Former finance minister P Chidambaram on Tuesday said India can achieve 8 per cent growth in the next 2-3 years by following the path of fiscal prudence.

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  Financial Reforms Panel Suggestions on Regulators' Scope 'Schizophrenic': Rajan

  Reserve Bank of India Governor Raghuram Rajan on Tuesday trashed the much talked about Financial Sector Legislative Reforms Commission (FSLRC) and described one set of its recommendations as "somewhat schizophrenic".

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  Rajan Says Taking Away Bonds Regulation From RBI May Hamper Market

  The government-appointed Financial Sector Legislative Reforms Commission (FSLRC) has recommended a slew of reforms to overhaul the sector.

• Chidambaram says some functions of RBI need to be revisited

  Finance Minister P Chidambaram on Saturday pitched for limiting the Reserve Bank of India's mandate to monetary policy formulation and banking regulation, and for delegating its other functions to government or other regulators.

• Reserve Bank disagrees with IMF, says regulators function independently

  Disagreeing with IMF's assessment of India's financial sector, RBI today said the government does not interfere with the working of regulators and the country's banks cannot follow international group exposure norms as it would hamper economic growth.