An institution that might soon - as early as today - have to disclose its own price data, should already have analyzed its data and be prepared to respond to comments from others interpreting its data. First, an institution should take the steps necessary to reach a high degree of confidence that its data are accurate.
The third relates to the budget speech in February 2000, wherein the Finance Minister had noted that in the fast changing world of modern finance, it has become necessary to accord greater operational flexibility to the RBI for the conduct of monetary policy and regulation of the financial system and that accordingly, he intends to bring to Parliament proposals for amending the relevant legislation.