Appellate Tribunal), creation of a new Financial Redress Agency, creation of an independent Resolution Corporation, creation of a Public Debt Management Agency, and modification of the existing Financial Stability and Development Council (FSDC)
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چکیده
The Financial Sector Legislative Reforms Commission (FSLRC) was set up in March 2011, and was tasked with the role of rewriting and harmonising financial sector legislations. It came out with a report (FSLRC report) and the draft Indian Financial Code (IFC) in March 2013. Prior to making its final recommendations, FSLRC had issued an approach paper in October 2012, to which Consumer Unity & Trust Society (CUTS) had provided comments in November 2012 (CUTS comments on approach paper, available at (http://cuts-ccier.org/pdf/CUTSComments_on_the_Approach_Paper_of_the_Financial_Sector_Legislative_Reforms_Commissi on.pdf).
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