During the financial crisis, I saw firsthand how important it was that the Fed have a complete view of the financial landscape and how successful was the interaction among the Fed’s divisions in crafting solutions to the many different problems we confronted.
Similarly, the National Highways Act of 1956 was amended in June 1995 to allow and attract private investment in road development, maintenance and operation. The telecommunications sector was deregulated and the Telecom Regulatory Authority of India (TRAI) was established in 1997 to oversee the industry. Overall, there has been some notable progress in attracting private investment in 6. the infrastructure industries.