Similarly, treatment of some of the financial intermediaries like mutual funds was not defined clearly in SNA 1993. And treating mutual funds similar to banks was conceptually not correct. Recently, CSO set up a committee in RBI to look into this matter and the recommendations of the committee has been accepted by TAC of NAS.
Besides, RBI is also working in close collaboration with CSO for implementing the ensuing changes of SNA revision due this year. Let me cite an example of RBI’s recent involvement in price measurement issues. The need for integration CPIs is nothing new.