In order to encourage firms to demonstrate their spirit of challenge, it is necessary to lay the foundation through initiatives such as deregulation. Turning areas where potential demand has not been cultivated due to existing regulation into growing markets may well be a big opportunity for Japan’s economy. At the same time, the society’s willingness to accept such challenges is also important.
(iii)  The third is distribution of prizes to state-wide winners of the RBI quiz competition conducted across schools and colleges of the State of Karnataka. 4. Let me now say a few words about the significance of each of these events. 5. The Reserve Bank attaches top priority to deepening financial literacy.