In a draft of norms proposed by the Reserve Bank of India (RBI), self-regulatory organisations (SROs) for the fintech sector have been given flexibility to define their own processes. SROs are expected to monitor the sector and guide growth in the right direction. The draft sets up guidelines for SROs without imposing strict regulations on their operations.
India’s urban policy is still based on old-style bureaucratic control, which has led to dysfunctional and unattractive cities. KP Krishnan argues that an overhaul of the policy is urgently needed.
Former defence secretary Ajay Kumar writes that the economic potential of land in India remains untapped. Recent reforms and technology interventions are changing the landscape, but more needs to be done.
The Reserve Bank of India stated in its monthly bulletin that inflation needs to align with the target by the second quarter of the year and get anchored there.
