It would also foster social cohesion despite the burden of economic adjustment facing our economies. Second, important reforms are pending at the EU level, with the implementation of the Services Directive being a very important initiative to facilitate cross-border trade in services. By reducing the market power of producers, these reforms will put downward pressure on prices and upward pressure on productivity.
Under the revised Scheme, the complainants can file their complaints in any form, including online, and can also appeal to the Reserve Bank against the Awards and other decisions of the Banking Ombudsmen.