Brief Overview:
A ‘Framework for Formulation of Regulations’, has been issued, setting out broad principles for formulation of and amendment to the regulations by RBI.
Technical Details:
The framework aims at standardising the process through greater transparency, stakeholder consultation and impact assessment. It outlines clear norms for stakeholder consultation, impact analysis, and regular review of regulations.
JC takeaway:
The framework reinforces RBI’s institutional commitment to transparent, accountable, and evidence-based regulatory practices.
For further details, please see:
Reserve Bank of India – Notifications
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