You may be aware that in India, Government as well as the central bank attach enormous importance towards financial empowerment of the rural poor and RBI has taken steps for financial inclusion and spread of Self Help Groups. In support of monetary policy, we propose to introduce survey of professional forecasters, as done in most of the central banks in developed countries.
Key changes set out in these guidelines include; the absolute transfer of the title, rights, interest and benefits of any security used as collateral, the expansion of eligible instruments that can be used as collateral and the requirement for margin maintenance. 4. Market implementation including targeted training together with Frontclear  The implementation of the guidelines will require training for stakeholders.