Also, a comprehensive review of the Guide to Bank Charges has commenced with a view to making the charges realistic and consumer-friendly. Furthermore, the Consumer and Financial Protection Division is expected to commence a programme of consumer education and enlightenment and is also collaborating with the Consumer Protection Council on the review of the Consumer Protection Council Act No.
Given the capacity already created for about 9 per cent growth, decline in aggregate demand widened the output-gap (i.e. the actual fell below the potential), which warranted adequate expansion in Government demand to moderate the pace of the slowdown. This, though, involved deliberate temporary deviation from the fiscal consolidation process embodied in the Fiscal Responsibility and Budget Management (FRBM) Act.