Financial Sector Reforms & Legislation (FSRL)
Legislative Reforms
- Financial Sector Legislative Reforms
- Examine the Financial Sector Legislative Reforms Commission’s (FSLRC) Report and monitor the implementation of the reforms in financial sector laws recommended by the FSLRC and accepted by the Government.
- Formulation and finalisation of other legislative proposals to fill-in the gaps in the present legislative framework and examination of the legislative proposals in the financial sector received from other Ministries/Departments, Financial Sector Regulators and other stakeholders or developed suo-moto in the Division.
- The Fugitive Economic Offenders Act, 2018 and rules made thereunder.
- The Bilateral Netting of Qualified Financial Contracts Act, 2020.
- Institutions: RBI (Chapter on Monetary Policy)
- External Territorial Charge: Nil
- Ministries/Departments: Nil
- States: Nil
Financial Sector Reforms
- Examinations of proposals related to financial sector reforms, which are non-legislative in nature, received from other Ministries/Departments, Financial Sector Regulators and the concerned stakeholders or developed suo-moto in the Division.
- Examination of FSLRC Report and implementation of the non-legislative recommendations contained in the Report.
- To determine the inflation target in terms of the Consumer Price Index, once in every five years, as per Section 45ZA of the Reserve Bank of India Act, 1934.
- To constitute a Monetary Policy Committee (MPC) and to appoint three external members to the MPC, as per section 45ZB of the Reserve Bank of India Act, 1934.
- Institutions: Nil
- External Territorial Charge: Nil
- Ministries/Departments: Nil
- States: Nil
Name and Designation of the Officers
| Section Officer | Under Secretary / Deputy Director | Deputy Secretary / JD |
|---|---|---|
| Shri Raju, SO Tel: 23095102 Room No.48 Email: raju[dot]naager[at]nic[dot]in | Shri O. G. Johnkutty, US Tel: 23095132 / Room No.: 273 Email: john[dot]kutty65[at]nic[dot]in Ms. Aparajita Priyadarshni Behera, DD Tel: 23095022 / Room No.: 238-C Email: ap[dot]behera[at]gov[dot]in | Dr. S. Satyanarayana Director Tel: 23095204 Room No.: 269-A Email: s[dot]sudhaveni[at]nic[dot]in |
