FSLRC recommendations ignore the Indian context

The recommendations of the Financial Sector Legislative Reforms Commission (FSLRC), which submitted its final report at the end of March, have provoked a substantial amount of public comment. The pros and cons of specific recommendations have been laid out, all of which will help the government in shaping the legislative agenda in the months to come. Scepticism has also been expressed about the ambitious scale of the proposals and the enormous challenge that legislating all of them will pose. 

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