http://www.arthapedia.in/index.php?title=Financial_Sector_Legislative_Reforms_Commission_(FSLRC)&feed=atom&action=historyFinancial Sector Legislative Reforms Commission (FSLRC) - Revision history2024-03-28T11:07:08ZRevision history for this page on the arthapediaMediaWiki 1.17.0http://www.arthapedia.in/index.php?title=Financial_Sector_Legislative_Reforms_Commission_(FSLRC)&diff=3853&oldid=prevRosemary.a at 10:58, 14 March 20172017-03-14T10:58:07Z<p></p>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>In the [http://indiabudget.nic.in/ub2013-14/bs/bs.pdf Union Budget 2013-14] (para 84) Government had delcared its intention to examine the recommendations of the Commission and act quickly and decisively so that India's financial sector stands on sound legal foundations and remains well-regulated, efficient and internationally competitive.</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>In the [http://indiabudget.nic.in/ub2013-14/bs/bs.pdf Union Budget 2013-14] (para 84) Government had delcared its intention to examine the recommendations of the Commission and act quickly and decisively so that India's financial sector stands on sound legal foundations and remains well-regulated, efficient and internationally competitive.</div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">The Report is in two parts: Volume I – titled “Analysis and Recommendations” and Volume II – titled the “Draft Law” consisting of the Draft Indian</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">Financial Code (IFC).</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">The recommendations of the Commission can broadly be divided into two parts, legislative aspects and non-legislative aspects. The legislative aspects of the recommendations relate to revamping the legislative framework of the financial sector regulatory architecture by a non- sectoral, principle-based approach and by restructuring existing regulatory agencies and creating new agencies wherever needed. To this effect the Commission has recommended a seven agency regulatory architecture, namely, Reserve Bank of India, Unified Financial Agency, Financial Sector Appellate Tribunal, Resolution Corporation, Financial Redress Agency, Public Debt Management Agency and Financial Stability and Development Council in the Draft law- Indian Financial Code to replace a number of existing laws. The non-legislative aspects of the FSLRC recommendations are broadly in the nature of governance enhancing principles for enhanced consumer protection, greater transparency in the functioning of financial sector regulators.</ins></div></td></tr>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The non-legislative recommendations are taken forward under the aegis of [http://arthapedia.in/index.php?title=Financial_Stability_and_Development_Council FSDC].  </div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The non-legislative recommendations are taken forward under the aegis of [http://arthapedia.in/index.php?title=Financial_Stability_and_Development_Council FSDC].  </div></td></tr>
</table>Rosemary.ahttp://www.arthapedia.in/index.php?title=Financial_Sector_Legislative_Reforms_Commission_(FSLRC)&diff=3422&oldid=prevArthapedia: /* Contributed by */2016-04-19T10:58:45Z<p><span class="autocomment">Contributed by</span></p>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>==Contributed by==</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>==Contributed by==</div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>* [http://www.ies.gov.in/myaccount-profile-view.php?memid=338 Rosemary Abraham, IES(2006)]</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>* [http://www.ies.gov.in/myaccount-profile-view.php?memid=338 Rosemary <ins class="diffchange diffchange-inline">K. </ins>Abraham, IES(2006)]</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*Email- [mailto:rosemary.a@nic.in rosemary.a@nic.in]</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>*Email- [mailto:rosemary.a@nic.in rosemary.a@nic.in]</div></td></tr>
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</table>Arthapediahttp://www.arthapedia.in/index.php?title=Financial_Sector_Legislative_Reforms_Commission_(FSLRC)&diff=1931&oldid=prevArthapedia at 07:32, 8 April 20152015-04-08T07:32:35Z<p></p>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>* [http://www.ies.gov.in/myaccount-profile-view.php?memid=338 Rosemary Abraham, IES(2006)]</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>* [http://www.ies.gov.in/myaccount-profile-view.php?memid=338 Rosemary Abraham, IES(2006)]</div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">*Email- [mailto:rosemary.a@nic.in rosemary.a@nic.in]</ins></div></td></tr>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>[[Category:concepts|FinancialSectorLegislativeReformsCommission]]</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>[[Category:concepts|FinancialSectorLegislativeReformsCommission]]</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div><meta name="keywords" content="Financial Sector Legislative Reforms Commission (FSLRC)"></meta></div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div><meta name="keywords" content="Financial Sector Legislative Reforms Commission (FSLRC)"></meta></div></td></tr>
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</table>Arthapediahttp://www.arthapedia.in/index.php?title=Financial_Sector_Legislative_Reforms_Commission_(FSLRC)&diff=1459&oldid=prevRosemary.a at 09:01, 2 May 20142014-05-02T09:01:19Z<p></p>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>In the [http://indiabudget.nic.in/ub2013-14/bs/bs.pdf Union Budget 2013-14] (para 84) Government had delcared its intention to examine the recommendations of the Commission and act quickly and decisively so that India's financial sector stands on sound legal foundations and remains well-regulated, efficient and internationally competitive.</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>In the [http://indiabudget.nic.in/ub2013-14/bs/bs.pdf Union Budget 2013-14] (para 84) Government had delcared its intention to examine the recommendations of the Commission and act quickly and decisively so that India's financial sector stands on sound legal foundations and remains well-regulated, efficient and internationally competitive.</div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">The non-legislative recommendations are taken forward under the aegis of [http://arthapedia.in/index.php?title=Financial_Stability_and_Development_Council FSDC]. </ins></div></td></tr>
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</table>Rosemary.ahttp://www.arthapedia.in/index.php?title=Financial_Sector_Legislative_Reforms_Commission_(FSLRC)&diff=1170&oldid=prevRosemary.a at 10:10, 17 April 20132013-04-17T10:10:56Z<p></p>
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<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>The Commission had held wide-ranging consultations with stakeholders. The Commission had also engaged two technical/research teams and five [http://www.fslrc.org.in/wg.html Working Groups] (WG), each one chaired by a Member of the Commission. These WGs followed the broad principles and approaches as approved by the Commission and examined the sector specific details and produced [http://www.fslrc.org.in/wg.html reports and draft laws] thereon. The [http://www.fslrc.org.in/files/fslrc_approach_paper.pdf approach paper] has been published on 4 October 2012. The final report was submitted in March 2013.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>The Commission had held wide-ranging consultations with stakeholders. The Commission had also engaged two technical/research teams and five [http://www.fslrc.org.in/wg.html Working Groups] (WG), each one chaired by a Member of the Commission. These WGs followed the broad principles and approaches as approved by the Commission and examined the sector specific details and produced [http://www.fslrc.org.in/wg.html reports and draft laws] thereon. The [http://www.fslrc.org.in/files/fslrc_approach_paper.pdf approach paper] has been published on 4 October 2012. The <ins class="diffchange diffchange-inline">[http://www.fslrc.org.in/ </ins>final report<ins class="diffchange diffchange-inline">] </ins>was submitted in March 2013.</div></td></tr>
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</table>Rosemary.ahttp://www.arthapedia.in/index.php?title=Financial_Sector_Legislative_Reforms_Commission_(FSLRC)&diff=1159&oldid=prevRosemary.a at 07:39, 25 March 20132013-03-25T07:39:34Z<p></p>
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<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>[http://fslrc.org.in/index.html Financial Sector Legislative Reforms Commission] (FSLRC) was set up by the Indian Government in pursuance of the announcement made in [http://indiabudget.nic.in/ub2010-11/bs/speecha.htm Union Budget 2010-11], to help rewriting and harmonizing the financial sector legislation, rules and regulations so as to address the contemporaneous requirements of the sector. The [http://finmin.nic.in/fslrc/fslrc_setup.pdf resolution] notifying the FSLRC was [http://finmin.nic.in/press_room/2011/FSLRC.pdf issued on March 24, 2011]. FSLRC <del class="diffchange diffchange-inline">has </del>a two year term.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>[http://fslrc.org.in/index.html Financial Sector Legislative Reforms Commission] (FSLRC) was set up by the Indian Government in pursuance of the announcement made in [http://indiabudget.nic.in/ub2010-11/bs/speecha.htm Union Budget 2010-11], to help rewriting and harmonizing the financial sector legislation, rules and regulations so as to address the contemporaneous requirements of the sector. The [http://finmin.nic.in/fslrc/fslrc_setup.pdf resolution] notifying the FSLRC was [http://finmin.nic.in/press_room/2011/FSLRC.pdf issued on March 24, 2011]. FSLRC <ins class="diffchange diffchange-inline">had </ins>a two year term.</div></td></tr>
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<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>The Commission <del class="diffchange diffchange-inline">is </del>chaired by [http://supremecourtofindia.nic.in/judges/bio/119_bnsrikrishna.htm Supreme Court Justice (Retired) B. N. Srikrishna], and <del class="diffchange diffchange-inline">has </del>ten members with expertise in the fields of finance, economics, law and other relevant fields. The secretariat <del class="diffchange diffchange-inline">is </del>placed at [http://www.nipfp.org.in/ National Institute of Public Finance and Policy] (NIPFP). Secretariat <del class="diffchange diffchange-inline">consists </del>of a Secretary at the level of Joint Secretary to the Government of India and other officials and support staff.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>The Commission <ins class="diffchange diffchange-inline">was </ins>chaired by [http://supremecourtofindia.nic.in/judges/bio/119_bnsrikrishna.htm Supreme Court Justice (Retired) B. N. Srikrishna], and <ins class="diffchange diffchange-inline">had </ins>ten members with expertise in the fields of finance, economics, law and other relevant fields. The secretariat <ins class="diffchange diffchange-inline">was </ins>placed at [http://www.nipfp.org.in/ National Institute of Public Finance and Policy] (NIPFP). Secretariat <ins class="diffchange diffchange-inline">consisted </ins>of a Secretary at the level of Joint Secretary to the Government of India and other officials and support staff.</div></td></tr>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>'''Progress'''</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>'''Progress'''</div></td></tr>
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<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>The Commission <del class="diffchange diffchange-inline">meets regularly and has </del>held wide-ranging consultations. The Commission <del class="diffchange diffchange-inline">has </del>also engaged two technical/research teams and five [http://www.fslrc.org.in/wg.html Working Groups] (WG), each one chaired by a Member of the Commission. These WGs <del class="diffchange diffchange-inline">will follow </del>the broad principles and approaches as approved by the Commission and <del class="diffchange diffchange-inline">examine </del>the sector specific details and <del class="diffchange diffchange-inline">produce </del>reports and draft laws thereon <del class="diffchange diffchange-inline">and report to the Commission.It is expected to submit its report within its 24-month time-frame which would fall in March, 2013</del>. The [http://www.fslrc.org.in/files/fslrc_approach_paper.pdf approach paper] has been published on 4 October 2012.  </div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>The Commission <ins class="diffchange diffchange-inline">had </ins>held wide-ranging consultations <ins class="diffchange diffchange-inline">with stakeholders</ins>. The Commission <ins class="diffchange diffchange-inline">had </ins>also engaged two technical/research teams and five [http://www.fslrc.org.in/wg.html Working Groups] (WG), each one chaired by a Member of the Commission. These WGs <ins class="diffchange diffchange-inline">followed </ins>the broad principles and approaches as approved by the Commission and <ins class="diffchange diffchange-inline">examined </ins>the sector specific details and <ins class="diffchange diffchange-inline">produced [http://www.fslrc.org.in/wg.html </ins>reports and draft laws<ins class="diffchange diffchange-inline">] </ins>thereon. The [http://www.fslrc.org.in/files/fslrc_approach_paper.pdf approach paper] has been published on 4 October 2012<ins class="diffchange diffchange-inline">. The final report was submitted in March 2013.</ins></div></td></tr>
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<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">In the [http://indiabudget.nic.in/ub2013-14/bs/bs.pdf Union Budget 2013-14] (para 84) Government had delcared its intention to examine the recommendations of the Commission and act quickly and decisively so that India's financial sector stands on sound legal foundations and remains well-regulated, efficient and internationally competitive</ins>.</div></td></tr>
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</table>Rosemary.ahttp://www.arthapedia.in/index.php?title=Financial_Sector_Legislative_Reforms_Commission_(FSLRC)&diff=1090&oldid=prevRosemary.a at 10:58, 18 October 20122012-10-18T10:58:47Z<p></p>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>:8)&nbsp;&nbsp;[http://eac.gov.in/aboutus/mempro1.htm Dr. M. Govinda Rao:] Member (Director, NIPFP)  </div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>:8)&nbsp;&nbsp;[http://eac.gov.in/aboutus/mempro1.htm Dr. M. Govinda Rao:] Member (Director, NIPFP)  </div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>:9)&nbsp;&nbsp;Shri Dhirendra Swarup : Member Convener  </div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>:9)&nbsp;&nbsp;Shri Dhirendra Swarup : Member Convener  </div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>:10)&nbsp;&nbsp;<del class="diffchange diffchange-inline">Dr. Thomas Mathew: Nominee Member (</del>Joint Secretary (<del class="diffchange diffchange-inline">CM</del>), Department of Economic Affairs, Ministry of Finance<del class="diffchange diffchange-inline">)</del></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>:10)&nbsp;&nbsp;Joint Secretary (<ins class="diffchange diffchange-inline">Capital Markets</ins>), Department of Economic Affairs, Ministry of Finance<ins class="diffchange diffchange-inline">: Nominee Member </ins></div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>:11)&nbsp;&nbsp;Shri CKG Nair: Secretary</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>:11)&nbsp;&nbsp;Shri CKG Nair: Secretary</div></td></tr>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>'''Progress'''</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>'''Progress'''</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>The Commission meets regularly and has held wide-ranging consultations<del class="diffchange diffchange-inline">. It is expected to submit its report within its 24-month time-frame which would fall in March, 2013</del>. <del class="diffchange diffchange-inline">The Commission has had 15 meetings till March 2012.</del></div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>The Commission meets regularly and has held wide-ranging consultations. The Commission has also engaged two technical/research teams and <ins class="diffchange diffchange-inline">five [http://www.fslrc.org.in/wg.html </ins>Working Groups<ins class="diffchange diffchange-inline">] </ins>(WG), each one chaired by a Member of the Commission. <ins class="diffchange diffchange-inline">These </ins>WGs will follow the broad principles and approaches as approved by the Commission and examine the sector specific details and produce reports and draft laws thereon and report to the Commission<ins class="diffchange diffchange-inline">.It is expected to submit its report within its 24-month time-frame which would fall in March, 2013. The [http://www.fslrc.org.in/files/fslrc_approach_paper.pdf approach paper] has been published on 4 October 2012</ins>.  </div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div> </div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div></div></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>The Commission has also engaged two technical/research teams and <del class="diffchange diffchange-inline">decided to constitute various </del>Working Groups (WG), each one chaired by a Member of the Commission. <del class="diffchange diffchange-inline"> Two Working Groups- on Pensions, Insurance, PFs & Small Savings and on Payment Systems- have been set up.  Other WGs- on Securities, Banking, and Debt Management- are being set up. The </del>WGs will follow the broad principles and approaches as approved by the Commission and examine the sector specific details and produce reports and draft laws thereon and report to the Commission.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div></div></td></tr>
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</table>Rosemary.ahttp://www.arthapedia.in/index.php?title=Financial_Sector_Legislative_Reforms_Commission_(FSLRC)&diff=1072&oldid=prevRosemary.a at 12:13, 25 September 20122012-09-25T12:13:10Z<p></p>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>'''Progress'''</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>'''Progress'''</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>The Commission meets regularly and has held wide-ranging consultations. It is expected to submit its report within its 24-month time-frame which would fall in March, 2013. The Commission has had <del class="diffchange diffchange-inline">14 </del>meetings till March 2012.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>The Commission meets regularly and has held wide-ranging consultations. It is expected to submit its report within its 24-month time-frame which would fall in March, 2013. The Commission has had <ins class="diffchange diffchange-inline">15 </ins>meetings till March 2012.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The Commission has also engaged two technical/research teams and decided to constitute various Working Groups (WG), each one chaired by a Member of the Commission.  Two Working Groups- on Pensions, Insurance, PFs & Small Savings and on Payment Systems- have been set up.  Other WGs- on Securities, Banking, and Debt Management- are being set up. The WGs will follow the broad principles and approaches as approved by the Commission and examine the sector specific details and produce reports and draft laws thereon and report to the Commission.</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The Commission has also engaged two technical/research teams and decided to constitute various Working Groups (WG), each one chaired by a Member of the Commission.  Two Working Groups- on Pensions, Insurance, PFs & Small Savings and on Payment Systems- have been set up.  Other WGs- on Securities, Banking, and Debt Management- are being set up. The WGs will follow the broad principles and approaches as approved by the Commission and examine the sector specific details and produce reports and draft laws thereon and report to the Commission.</div></td></tr>
</table>Rosemary.ahttp://www.arthapedia.in/index.php?title=Financial_Sector_Legislative_Reforms_Commission_(FSLRC)&diff=1060&oldid=prevRosemary.a at 10:25, 2 May 20122012-05-02T10:25:36Z<p></p>
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<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>'''Progress'''</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>'''Progress'''</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>The Commission meets regularly and has held wide-ranging consultations. It is expected to submit its report within its 24-month time-frame which would fall in March, 2013. The Commission has had <del class="diffchange diffchange-inline">12 </del>meetings till <del class="diffchange diffchange-inline">December, 2011</del>.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div>The Commission meets regularly and has held wide-ranging consultations. It is expected to submit its report within its 24-month time-frame which would fall in March, 2013. The Commission has had <ins class="diffchange diffchange-inline">14 </ins>meetings till <ins class="diffchange diffchange-inline">March 2012</ins>.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The Commission has also engaged two technical/research teams and decided to constitute various Working Groups (WG), each one chaired by a Member of the Commission.  Two Working Groups- on Pensions, Insurance, PFs & Small Savings and on Payment Systems- have been set up.  Other WGs- on Securities, Banking, and Debt Management- are being set up. The WGs will follow the broad principles and approaches as approved by the Commission and examine the sector specific details and produce reports and draft laws thereon and report to the Commission.</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The Commission has also engaged two technical/research teams and decided to constitute various Working Groups (WG), each one chaired by a Member of the Commission.  Two Working Groups- on Pensions, Insurance, PFs & Small Savings and on Payment Systems- have been set up.  Other WGs- on Securities, Banking, and Debt Management- are being set up. The WGs will follow the broad principles and approaches as approved by the Commission and examine the sector specific details and produce reports and draft laws thereon and report to the Commission.</div></td></tr>
</table>Rosemary.ahttp://www.arthapedia.in/index.php?title=Financial_Sector_Legislative_Reforms_Commission_(FSLRC)&diff=1058&oldid=prevRosemary.a at 07:38, 30 March 20122012-03-30T07:38:38Z<p></p>
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<tr><td class='diff-marker'>−</td><td style="background: #ffa; color:black; font-size: smaller;"><div>Financial Sector Legislative Reforms Commission (FSLRC) was set up by the Indian Government in pursuance of the announcement made in [http://indiabudget.nic.in/ub2010-11/bs/speecha.htm Union Budget 2010-11], to help rewriting and harmonizing the financial sector legislation, rules and regulations so as to address the contemporaneous requirements of the sector. The [http://finmin.nic.in/fslrc/fslrc_setup.pdf resolution] notifying the FSLRC was [http://finmin.nic.in/press_room/2011/FSLRC.pdf issued on March 24, 2011]. FSLRC has a two year term.</div></td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins class="diffchange diffchange-inline">[http://fslrc.org.in/index.html </ins>Financial Sector Legislative Reforms Commission<ins class="diffchange diffchange-inline">] </ins>(FSLRC) was set up by the Indian Government in pursuance of the announcement made in [http://indiabudget.nic.in/ub2010-11/bs/speecha.htm Union Budget 2010-11], to help rewriting and harmonizing the financial sector legislation, rules and regulations so as to address the contemporaneous requirements of the sector. The [http://finmin.nic.in/fslrc/fslrc_setup.pdf resolution] notifying the FSLRC was [http://finmin.nic.in/press_room/2011/FSLRC.pdf issued on March 24, 2011]. FSLRC has a two year term.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>   </div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>   </div></td></tr>
<tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The Commission is chaired by [http://supremecourtofindia.nic.in/judges/bio/119_bnsrikrishna.htm Supreme Court Justice (Retired) B. N. Srikrishna], and has ten members with expertise in the fields of finance, economics, law and other relevant fields. The secretariat is placed at [http://www.nipfp.org.in/ National Institute of Public Finance and Policy] (NIPFP). Secretariat consists of a Secretary at the level of Joint Secretary to the Government of India and other officials and support staff.</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>The Commission is chaired by [http://supremecourtofindia.nic.in/judges/bio/119_bnsrikrishna.htm Supreme Court Justice (Retired) B. N. Srikrishna], and has ten members with expertise in the fields of finance, economics, law and other relevant fields. The secretariat is placed at [http://www.nipfp.org.in/ National Institute of Public Finance and Policy] (NIPFP). Secretariat consists of a Secretary at the level of Joint Secretary to the Government of India and other officials and support staff.</div></td></tr>
</table>Rosemary.a