Those on the anvil include measures relating to fiscal and budget management, public debt, deposit insurance, securitization and foreclosure, and prevention of money laundering. The agenda for further legal reform, as identified by several Advisory Groups relate to RBI, Banking Regulations, Companies, Chartered Accountant, Income-tax, Bankruptcy, Negotiable Instruments, Contracts, Unit Trust of India, etc.
Rather, I agree with Jean-Claude Trichet, who recently said in an interview that it was not the ECB’s mandate to aim for an interest rate that pleases everyone; the mandate of the ECB is to maintain price stability.