Optimization of various domestic potential to promote economic resilience should refer to to the three basic function of public policy, namely (I) stabilization function, (II) allocation function, (III) distribution function. These three functions needs to be supported by policy makers through strengthening the regulations.
This demand for greater transparency and more effective financial reporting has placed renewed pressures on those preparing and attesting financial reports to comply with the accepted accounting standards, and also ensure that these standards are properly applied. Since some of the software companies and a few manufacturing corporates from India are now rated globally best, RBI intends to be similarly the best.