Third, in view of the in-principle decision taken to discontinue the system of Satellite Dealers, time is appropriate for a review of the system of PDs in terms of their number in the system, obligations, activities and regulation.
In this regard, a decision in the RBI has already been taken to bring the PDs under the supervision of Board for Financial Supervision of the RBI. Fourth, as regards non-Government debt markets, the major issue of private placements will have to be squarely addressed sooner than later.