In addition, the Central Bank has been working actively with the relevant Government Departments with a view to making rapid progress on proposed amendments to Bankruptcy Law and the development of a carefully calibrated non-judicial debt settlement mechanism (building on the report of the Law Reform Commission).
Subsequently, at a high Level meeting between Shri Sudhakar Rao, the then Chief Secretary, Government of Karnataka and Smt. Usha Thorat, Deputy Governor, RBI, it was decided that revision of syllabus and content of textbooks for classes V, VII, VIII and IX would be carried out for the academic year 2010–11.