Usha Thorat: Setting new paradigm in regulation Keynote address by Ms Usha Thorat, Deputy Governor of the Reserve Bank of India, at the Federation of Indian Chambers of Commerce & Industry-Indian Banks’ Association (FICCI-IBA) Conference on “Global Banking: Paradigm Shift”, panel session, Mumbai, 8 September 2010. *  *  *  1. The global financial crisis was predominantly a first world phenomenon.
Page 2 of 8  In our central forecast scenario, the increased demand for labour will be covered by increased labour supply. Major reforms of the labour market have been implemented over the past two decades. This has raised the structural level of employment.